Civic Intelligence

Belmont District Management Association Inc.

990 • Fiscal year 2020 • EIN 27-0834463

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 30, 2020

Organization Profilewww.bronxlittleitaly.com
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

55th percentile

0.14x

Higher debt load relative to assets than 55% of similar nonprofits.

2020 filings • NTEE S • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

39th percentile

0.06x

Higher debt load relative to revenue than 39% of similar nonprofits.

2020 filings • NTEE S • $500k-$1M nonprofits • Source year 2020

Net Margin

24th percentile

-6.1%

Higher net margin than 24% of similar nonprofits.

2020 filings • NTEE S • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

70th percentile

$91,125

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 15.0% of source-year revenue.

2020 filings • NTEE S • $500k-$1M nonprofits • Source year 2020

Asset Growth

13th percentile

-11%

Faster asset growth than 13% of similar nonprofits.

2020 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

43rd percentile

-8.7%

Faster revenue growth than 43% of similar nonprofits.

2020 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$238,831

Down $30,895 (-11%) from 2019

Net Assets

Down

$204,696

Down $37,093 (-15%) from 2019

Liabilities

Up

$34,135

Up $6,198 (+22%) from 2019

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin24th percentile

Revenue

Down

$608,700

Down $57,651 (-8.7%) from 2019

Expenses

Down

$645,793

Down $34,245 (-5.0%) from 2019

Net Income

Down

-$37,093

Down $23,406 (-171%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

2020

Assets$238,831
Liabilities$34,135
Net Assets$204,696
Open 2020 Filing

Operations Trend

Revenue Growth43rd percentile

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

2020

Revenue$608,700
Expenses$645,793
Net Income-$37,093
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 30, 2020
Return Version
2019v5.1
Gross Receipts
$608,700
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 focus areas are sanitation, security, marketing and promtion, cultural programming and streetscape improvements.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$241,837$197,219▼ $44,618
Accounts Receivable$17,240$29,758▲ $12,518
Land, Buildings, and Equipment, Net-$5,801-
Prepaid Expenses and Deferred Charges$7,649$3,053▼ $4,596
Total Assets$269,726$238,831▼ $30,895
Other Assets Total$3,000$3,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$27,137$22,834▼ $4,303
Deferred Revenue$800$11,301▲ $10,501
Total Liabilities$27,937$34,135▲ $6,198
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$241,789$204,696▼ $37,093
Total Net Assets Fund Balance$241,789$204,696▼ $37,093
Total Liabilities and Net Assets / Fund Balance$269,726$238,831▼ $30,895

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,801$17,904$23,705
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Phil MarinoExecutive DirectorFT$91,125$91,125

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
Rafael RogersBoard Member
Reinaldo GarciaBoard Member
Romina EneaBoard Member
Scott FranklandBoard Member
Victor MarinBoard Member
Celeste CalabroSecretary
Frank FranzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$109,106
Program Service Revenue
$498,059
Investment Income
$919
Other Revenue
$616
All Other Contributions
$59,106
Change in Net Assets
$-37,093

Audited Revenue Reconciliation

Revenue per Audited Statements
$608,700
Total Revenue per Audited Statements
$608,700
Total Revenue per Form 990
$608,700
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$482,429
Salaries, Compensation, and Employee Benefits$163,364
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$164,076--$164,076
Current Officers, Directors, Trustees, and Key Employees$79,755$15,241-$94,996
Other Salaries and Wages$34,027$22,685-$56,712
Occupancy-$28,320-$28,320
Office Expenses$907$23,364-$24,271
Fees for Services Other$7,722$7,740-$15,462
All Other Expenses$10,128$3,639-$13,767
Payroll Taxes$8,396$3,260-$11,656
Information Technology-$7,126-$7,126
Fees for Services Accounting-$7,000-$7,000
Other Expenses$70,532$5,885-$5,885
Insurance$1,910$3,913-$5,823
Fees for Services Legal-$2,456-$2,456
Depreciation Depletion-$1,450-$1,450
Travel-$602-$602
Total Functional Expenses$513,112$132,681$0$645,793

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$645,793
Total Expenses per Audited Statements$645,793
Total Expenses per Form 990$645,793
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 35% controlled entity
No
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
Phillip Marino
Title
Exec Director
Signed
2020-10-30
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
2

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/MissionDesc0THE 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.
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IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherExpensesGrp/Desc0HOLIDAY LIGHTS
IRS990/OtherExpensesGrp/Desc1SECURITY SERVICES
IRS990/OtherExpensesGrp/Desc2SANITATION
IRS990/OtherExpensesGrp/Desc3EQUIPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05885
IRS990/OtherExpensesGrp/ProgramServicesAmt043545
IRS990/OtherExpensesGrp/ProgramServicesAmt192114
IRS990/OtherExpensesGrp/ProgramServicesAmt270532
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IRS990/OtherExpensesGrp/TotalAmt192114
IRS990/OtherExpensesGrp/TotalAmt270532
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IRS990/OtherRevenueTotalAmt0616
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt022685
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt034027
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03260
IRS990/PayrollTaxesGrp/ProgramServicesAmt08396
IRS990/PayrollTaxesGrp/TotalAmt011656
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07649
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03053
IRS990/PrincipalOfficerNm0FRANK FRANZ
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
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IRS990/ProgramServiceRevenueGrp/Desc0BID ASSESSMENTS
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0440000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt158059
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0440000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt158059
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/ExpenseAmt0102189
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/ExpenseAmt081513
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/ReconcilationRevenueExpnssAmt0-37093
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0167165
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0225185
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0187557
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt043500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt030000
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01166
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0594800
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03066911
IRS990ScheduleA/TotalSupportAmt03073031
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt05801
IRS990ScheduleD/EquipmentGrp/DepreciationAmt017904
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt023705
IRS990ScheduleD/ExpensesSubtotalAmt0645793
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0608700
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Association does not believe its financial statements contain any uncertain tax positions.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0X 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05801
IRS990ScheduleD/TotalExpensesPerForm990Amt0645793
IRS990ScheduleD/TotalRevenuePerForm990Amt0608700
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0608700
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0645793
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

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$238,831
Liabilities
$34,135
Net assets
$204,696
Revenue
$608,700
Expenses
$645,793
Net income
-$37,093
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.73$1.07$5.66$7.41$7.05$0.36
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.91$3.62$5.29$6.87$6.75$0.12
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.01$3.84$5.18$7.11$6.37$0.74
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.57$0.13$4.44$6.98$5.23$1.75
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.95$0.27$2.69$5.95$5.31$0.64
2020Detailed filing. Detailed filing data is available for this year.$2.39$0.34$2.05$6.09$6.46$0.37
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.70$0.28$2.42$6.66$6.80$0.14
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.69$0.13$2.55$6.29$6.22$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.80$0.32$2.48$5.73$5.17$0.57