Civic Intelligence

Belmont District Management Association Inc.

990 • Fiscal year 2019 • EIN 27-0834463

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 08, 2019

PO Box 580-203Bronx, NY 10458

(718) 294-8259

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

51st percentile

0.10x

Higher debt load relative to assets than 51% of similar nonprofits.

2019 filings • NTEE S • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

42nd percentile

0.04x

Higher debt load relative to revenue than 42% of similar nonprofits.

2019 filings • NTEE S • $500k-$1M nonprofits • Source year 2019

Net Margin

32nd percentile

-2.1%

Higher net margin than 32% of similar nonprofits.

2019 filings • NTEE S • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

73rd percentile

$90,125

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 13.5% of source-year revenue.

2019 filings • NTEE S • $500k-$1M nonprofits • Source year 2019

Asset Growth

41st percentile

0.3%

Faster asset growth than 41% of similar nonprofits.

2019 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

55th percentile

5.9%

Faster revenue growth than 55% of similar nonprofits.

2019 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$269,726

Up $873 (+0.3%) from 2018

Net Assets

Down

$241,789

Down $13,687 (-5.4%) from 2018

Liabilities

Up

$27,937

Up $14,560 (+109%) from 2018

Revenue

Up

$666,351

Up $36,887 (+5.9%) from 2018

Expenses

Up

$680,038

Up $58,262 (+9.4%) from 2018

Net Income

Down

-$13,687

Down $21,375 (-278%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2017: $279,581Liabilities 2017: $31,793Net Assets 2017: $247,7882017Assets 2018: $268,853Liabilities 2018: $13,377Net Assets 2018: $255,4762018Assets 2019: $269,726Liabilities 2019: $27,937Net Assets 2019: $241,7892019Assets 2020: $238,831Liabilities 2020: $34,135Net Assets 2020: $204,6962020Assets 2021: $295,426Liabilities 2021: $26,711Net Assets 2021: $268,7152021Assets 2022: $456,758Liabilities 2022: $12,776Net Assets 2022: $443,9822022Assets 2023: $901,315Liabilities 2023: $383,734Net Assets 2023: $517,5812023Assets 2024: $891,469Liabilities 2024: $362,036Net Assets 2024: $529,4332024Assets 2025: $672,628Liabilities 2025: $107,119Net Assets 2025: $565,5092025

Highlighted filing

2019

Assets$269,726
Liabilities$27,937
Net Assets$241,789

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2017: $573,202Expenses 2017: $516,540Net Income 2017: $56,6622017Revenue 2018: $629,464Expenses 2018: $621,776Net Income 2018: $7,6882018Revenue 2019: $666,351Expenses 2019: $680,038Net Income 2019: -$13,6872019Revenue 2020: $608,700Expenses 2020: $645,793Net Income 2020: -$37,0932020Revenue 2021: $594,674Expenses 2021: $530,655Net Income 2021: $64,0192021Revenue 2022: $698,248Expenses 2022: $522,981Net Income 2022: $175,2672022Revenue 2023: $710,655Expenses 2023: $637,056Net Income 2023: $73,5992023Revenue 2024: $686,935Expenses 2024: $675,083Net Income 2024: $11,8522024Revenue 2025: $740,685Expenses 2025: $704,609Net Income 2025: $36,0762025

Highlighted filing

2019

Revenue$666,351
Expenses$680,038
Net Income-$13,687
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 8, 2019
Return Version
2018v3.1
Gross Receipts
$666,351
Mission and Program Overview

Mission

The mission of belmont dma is to promote expand the economic well being of the business community the community at large, by promotion of the little italy in the bronx brand, strong ethnic heritage leadership in the culinary marketplace, by leveraging the mercantile, social, political cultural assets within around the community.

Promoting the business improvement district. Belmont dmas focu areas are sanitation, security, marketing and promtion, cultural programming and streetscape improvements.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$236,923$241,837▲ $4,914
Accounts Receivable$13,238$17,240▲ $4,002
Prepaid Expenses and Deferred Charges$15,692$7,649▼ $8,043
Total Assets$268,853$269,726▲ $873
Other Assets Total$3,000$3,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$13,377$27,137▲ $13,760
Deferred Revenue-$800-
Total Liabilities$13,377$27,937▲ $14,560
Net Assets / Fund Balance
Unrestricted Net Assets$255,476$241,789▼ $13,687
Total Net Assets Fund Balance$255,476$241,789▼ $13,687
Total Liabilities and Net Assets / Fund Balance$268,853$269,726▲ $873

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$16,454$16,454
Leasehold Improvements-$2,136$2,136
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Phil MarinoExecutive DirectorFT$90,125$90,125

Board Members and Trustees

NameTitle
Peter MadoniaChairman
Richard LiberatoreVice Chairman
Angelos KontosBoard Member
Anthony ArtusoBoard Member
David RoseBoard Member
Edward TeitelBoard Member
Joe ClarkeBoard Member
John ColangeloBoard Member
Miriam GonzalezBoard Member
Rafael RogersBoard Member
Reinaldo GarciaBoard Member
Romina EneaBoard Member
Scott FranklandBoard Member
Celeste CalabroSecretary
Frank FranzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$135,594
Program Service Revenue
$529,591
Investment Income
$1,166
Other Revenue
$0
All Other Contributions
$48,895
Change in Net Assets
$-13,687

Audited Revenue Reconciliation

Revenue per Audited Statements
$666,351
Total Revenue per Audited Statements
$666,351
Total Revenue per Form 990
$666,351
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$526,380
Salaries, Compensation, and Employee Benefits$153,658
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$152,552--$152,552
Current Officers, Directors, Trustees, and Key Employees$76,312$13,467-$89,779
Fees for Services Legal-$62,515-$62,515
Other Salaries and Wages$31,662$21,107-$52,769
Occupancy-$28,480-$28,480
All Other Expenses$15,480$3,547-$19,027
Office Expenses-$15,019-$15,019
Fees for Services Other$4,592$7,740-$12,332
Payroll Taxes$8,416$2,694-$11,110
Information Technology-$9,863-$9,863
Other Expenses$64,117$7,421-$7,421
Insurance$3,466$3,879-$7,345
Fees for Services Accounting-$7,000-$7,000
Travel-$781-$781
Total Functional Expenses$496,525$183,513$0$680,038

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$680,038
Total Expenses per Audited Statements$680,038
Total Expenses per Form 990$680,038
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The 990 was reviewed after it was received from our CPA. The Executive Director and Assistant Director reviewed it and compared it our audited financial statements.

Form 990, Part VI, Section B, Line 12C

A conflict of interest policy is monitored and enforced by ensuring it is signed by each board member and employee. Signees are asked if they have anything to disclose annually.

Form 990, Part VI, Section B, Line 15B

The Executive Board Chairman, Vice-Chairman, Treasurer and Secretary meet to discuss the compensation of the Executive Director. After a compensation amount is agreed and voted on it is presented to the Executive Director.

Form 990, Part VI, Section C, Line 19

Financial Statements are available on our website. When the notices for our annual meeting are sent out there is a statement that says our governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Belmont District Management Association
EIN
27-0834463
Phone
7182948259
Address
PO BOX 580-203, BRONX, NY 10458

Signing Officer

Name
Frank Franz
Title
Treasurer
Signed
2019-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frank Franz
Formed
2008
Legal Domicile
Ny
Voting Board Members
15
Independent Board Members
15
Employees
3

Preparer

Firm
Stephen Franciosa CPA
Address
213 FORDHAM STREET, BRONX, NY 10464
Preparer
Stephen Franciosa CPA
Phone
7188859191
Supplemental Narrative

Financial Statement Notes

X 2

The Association does not believe its financial statements contain any uncertain tax positions.

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IRS990/OccupancyGrp/TotalAmt028480
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015019
IRS990/OfficeExpensesGrp/TotalAmt015019
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt03000
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IRS990/OtherExpensesGrp/Desc0HOLIDAY LIGHTS
IRS990/OtherExpensesGrp/Desc1SECURITY SERVICES
IRS990/OtherExpensesGrp/Desc2SANITATION
IRS990/OtherExpensesGrp/Desc3EQUIPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07421
IRS990/OtherExpensesGrp/ProgramServicesAmt038370
IRS990/OtherExpensesGrp/ProgramServicesAmt1101558
IRS990/OtherExpensesGrp/ProgramServicesAmt264117
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IRS990/OtherExpensesGrp/TotalAmt1101558
IRS990/OtherExpensesGrp/TotalAmt264117
IRS990/OtherExpensesGrp/TotalAmt37421
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IRS990/OtherSalariesAndWagesGrp/TotalAmt052769
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IRS990/PayrollTaxesGrp/TotalAmt011110
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015692
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07649
IRS990/PrincipalOfficerNm0FRANK FRANZ
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IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0BID ASSESSMENTS
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0440000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt189591
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0440000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt189591
IRS990/ProgSrvcAccomActy2Grp/Desc0SECURITY SERVICES INCLUDE UNARMED SECURITY GUARD FOOT PATROL OF THE DISTRICT, MONITORING SECURITY CAMERAS AND WORKING WITH THE LOCAL 48TH PRECINCT ON SAFETY, SECURITY, AND QUALITY OF LIFE ISSUES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0111236
IRS990/ProgSrvcAccomActy3Grp/Desc0SANITATION SERVICES INCLUDE CLEANING OF THE SIDEWALKS, TREE PITS, FIRE HYDRANTS AND GUTTER 18 INCHES INTO THE STREET, EMPTYING AND RE-LINING OF THE TRASH RECEPTACLES, REMOVAL OF POSTERS NAD GRAFFITI FROM STREET FURNITURE, AND SNOW REMOVAL FROM CATCH BASIN, CROSS WALKS, INTERSECTIONS, AND FIRE HYDRANTS WITHIN THE DISTRICT.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt073795
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0101573
IRS990/PYExcessBenefitTransInd0false
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0187557
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt043500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt030000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt050000
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IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0440000
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0594800
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0488740
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02948486
IRS990ScheduleA/TotalSupportAmt02953479
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016454
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt016454
IRS990ScheduleD/ExpensesSubtotalAmt0680038
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02136
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02136
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0666351
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Association does not believe its financial statements contain any uncertain tax positions.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0X 2
IRS990ScheduleD/TotalExpensesPerForm990Amt0680038
IRS990ScheduleD/TotalRevenuePerForm990Amt0666351
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0666351
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0680038
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 was reviewed after it was received from our CPA. The Executive Director and Assistant Director reviewed it and compared it our audited financial statements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A conflict of interest policy is monitored and enforced by ensuring it is signed by each board member and employee. Signees are asked if they have anything to disclose annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Executive Board Chairman, Vice-Chairman, Treasurer and Secretary meet to discuss the compensation of the Executive Director. After a compensation amount is agreed and voted on it is presented to the Executive Director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Financial Statements are available on our website. When the notices for our annual meeting are sent out there is a statement that says our governing documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0269726
IRS990/TotalAssetsGrp/BOYAmt0268853
IRS990/TotalAssetsGrp/EOYAmt0269726
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0135594
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

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