Civic Intelligence

Westchester Square Business Improvement District Inc.

990 • Fiscal year 2022 • EIN 38-3873130

Jul 01, 2021 to Jun 30, 2022 • Filed on Dec 21, 2022

43 Westchester Square 2nd FBronx, NY 10461

(718) 597-4629

Siviq Scores

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

Liabilities / Assets

47th percentile

0.07x

Higher debt load relative to assets than 47% of similar nonprofits.

2022 filings • NTEE S • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

40th percentile

0.03x

Higher debt load relative to revenue than 40% of similar nonprofits.

2022 filings • NTEE S • $500k-$1M nonprofits • Source year 2022

Net Margin

52nd percentile

7.4%

Higher net margin than 52% of similar nonprofits.

2022 filings • NTEE S • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • NTEE S • $500k-$1M nonprofits • Source year 2022

Asset Growth

76th percentile

22%

Faster asset growth than 76% of similar nonprofits.

2022 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

64th percentile

23%

Faster revenue growth than 64% of similar nonprofits.

2022 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$329,810

Up $58,667 (+22%) from 2021

Net Assets

Up

$306,567

Up $49,932 (+19%) from 2021

Liabilities

Up

$23,243

Up $8,735 (+60%) from 2021

Revenue

Up

$671,553

Up $123,383 (+23%) from 2021

Expenses

Up

$621,621

Up $77,894 (+14%) from 2021

Net Income

Up

$49,932

Up $45,489 (+1024%) from 2021

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2013: $100,490Liabilities 2013: $3,300Net Assets 2013: $97,1902013Assets 2014: $133,638Liabilities 2014: $2,516Net Assets 2014: $131,1222014Assets 2015: $103,290Liabilities 2015: $4,965Net Assets 2015: $98,3252015Assets 2016: $109,518Liabilities 2016: $25,642Net Assets 2016: $83,8762016Assets 2017: $75,417Liabilities 2017: $7,557Net Assets 2017: $67,8602017Assets 2018: $96,831Liabilities 2018: $2,991Net Assets 2018: $93,8402018Assets 2019: $173,817Liabilities 2019: $5,277Net Assets 2019: $168,5402019Assets 2020: $254,804Liabilities 2020: $2,612Net Assets 2020: $252,1922020Assets 2021: $271,143Liabilities 2021: $14,508Net Assets 2021: $256,6352021Assets 2022: $329,810Liabilities 2022: $23,243Net Assets 2022: $306,5672022Assets 2023: $350,638Liabilities 2023: $8,457Net Assets 2023: $342,1812023Assets 2024: $251,827Liabilities 2024: $3,529Net Assets 2024: $248,2982024Assets 2025: $164,181Liabilities 2025: $0Net Assets 2025: $164,1812025

Highlighted filing

2022

Assets$329,810
Liabilities$23,243
Net Assets$306,567

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2013: $461,011Expenses 2013: $448,728Net Income 2013: $12,2832013Revenue 2014: $333,930Expenses 2014: $310,845Net Income 2014: $23,0852014Revenue 2015: $340,000Expenses 2015: $372,797Net Income 2015: -$32,7972015Revenue 2016: $420,852Expenses 2016: $435,301Net Income 2016: -$14,4492016Revenue 2017: $537,275Expenses 2017: $553,291Net Income 2017: -$16,0162017Revenue 2018: $530,633Expenses 2018: $504,653Net Income 2018: $25,9802018Revenue 2019: $751,966Expenses 2019: $677,266Net Income 2019: $74,7002019Revenue 2020: $642,755Expenses 2020: $559,103Net Income 2020: $83,6522020Revenue 2021: $548,170Expenses 2021: $543,727Net Income 2021: $4,4432021Revenue 2022: $671,553Expenses 2022: $621,621Net Income 2022: $49,9322022Revenue 2023: $651,970Expenses 2023: $616,356Net Income 2023: $35,6142023Revenue 2024: $598,032Expenses 2024: $691,915Net Income 2024: -$93,8832024Revenue 2025: $592,720Expenses 2025: $676,837Net Income 2025: -$84,1172025

Highlighted filing

2022

Revenue$671,553
Expenses$621,621
Net Income$49,932
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Dec 21, 2022
Return Version
2021v4.2
Gross Receipts
$671,553
Mission and Program Overview

Mission

To administer new york city business improvement district program.

To administer new york city business improvement district program for the westchester square section of the bronx, new york.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$61,571$210,339▲ $148,768
Cash and Non-Interest-Bearing Accounts$146,449$73,076▼ $73,373
Land, Buildings, and Equipment, Net$61,123$44,395▼ $16,728
Total Assets$271,143$329,810▲ $58,667
Other Assets Total$2,000$2,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$14,508$23,243▲ $8,735
Total Liabilities$14,508$23,243▲ $8,735
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$256,635$306,567▲ $49,932
Total Net Assets Fund Balance$256,635$306,567▲ $49,932
Total Liabilities and Net Assets / Fund Balance$271,143$329,810▲ $58,667

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$44,395$41,132$85,527
Compensation and Service Providers

Board Members and Trustees

NameTitle
John BonizioChairman
Joe KelleherVice-chair
Antirson OrtizBoard Member
Fran MarinoBoard Member
Jonana SimoneBoard Member
Jose QuesadaBoard Member
Marjorie VelazquezBoard Member
Michael MelamedBoard Member
Michael PisacanoBoard Member
Milagros LopezBoard Member
Tom LucanaBoard Member
Vincent AnzaloneBoard Member
Gary SheppardSecretary
Rick MagliariTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$671,553
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$441,670
Change in Net Assets
$49,932

Audited Revenue Reconciliation

Revenue per Audited Statements
$671,553
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$671,553
Total Revenue per Form 990
$671,553
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$395,210
Salaries, Compensation, and Employee Benefits$226,411
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$96,469-$96,469
Current Officers, Directors, Trustees, and Key Employees$29,968$59,936-$89,904
Advertising$31,796--$31,796
Occupancy$16,076$10,718-$26,794
Other Employee Benefits$7,774$15,548-$23,322
Depreciation Depletion$16,602$126-$16,728
Payroll Taxes$5,572$11,144-$16,716
Office Expenses$8,678$5,785-$14,463
All Other Expenses$3,994$7,087-$11,081
Other Expenses$74,930$8,250-$8,250
Insurance$5,061$1,265-$6,326
Fees for Services Accounting-$5,000-$5,000
Conferences and Meetings$3,670--$3,670
Total Functional Expenses$400,293$221,328$0$621,621

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$621,621
Total Expenses per Audited Statements$621,621
Total Expenses per Form 990$621,621
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
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

Line 11b explanation - the form 990 is reviewed by the executive director and board of directors prior to filing.

Form 990, Part VI, Section C, Line 18

No other documents available to the public.

Form 990, Part VI, Section C, Line 19

No other documents available to the public.

Filing and Contact Details

Filer

Filer Name
Westchester Square District
EIN
38-3873130
Phone
7185974629
Address
43 WESTCHESTER SQUARE 2ND F, BRONX, NY 10461

Signing Officer

Name
Yasmin Cruz
Title
Executive Director
Phone
7185974629
Signed
2022-12-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Bonizio
Formed
2012
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
3
Volunteers
0

Preparer

Firm
Dimaggio & Roccamo Cpas Llp
Address
1188 WILLIS AVE STE 218, ALBERTSON, NY 11507
Preparer
Anthony Roccamo CPA
Phone
5166200838
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IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0548170
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0363558
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt04443
IRS990/PYSalariesCompEmpBnftPaidAmt0180169
IRS990/PYTotalExpensesAmt0543727
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0548170
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt049932
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0671553
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0548170
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0642755
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0751966
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0530633
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03145077
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt03145077
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0671553
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0548170
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0642755
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0751966
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0530633
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03145077
IRS990ScheduleA/TotalSupportAmt03145077
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt044395
IRS990ScheduleD/EquipmentGrp/DepreciationAmt041132
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt085527
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0621621
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0671553
IRS990ScheduleD/TotalBookValueLandBuildingsAmt044395
IRS990ScheduleD/TotalExpensesPerForm990Amt0621621
IRS990ScheduleD/TotalRevenuePerForm990Amt0671553
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0671553
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0621621
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 11B EXPLANATION - THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0271143
IRS990/TotalAssetsEOYAmt0329810
IRS990/TotalAssetsGrp/BOYAmt0271143
IRS990/TotalAssetsGrp/EOYAmt0329810
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0671553
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0221328
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0400293
IRS990/TotalFunctionalExpensesGrp/TotalAmt0621621
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014508
IRS990/TotalLiabilitiesEOYAmt023243
IRS990/TotalLiabilitiesGrp/BOYAmt014508
IRS990/TotalLiabilitiesGrp/EOYAmt023243
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0256635
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0306567
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0400293
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0671553
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0271143
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0329810
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/USAddress/AddressLine1Txt025 WESTCHESTER SQ 2ND FL
IRS990/USAddress/CityNm0BRONX
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010461
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.WSBID.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0YASMIN CRUZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIR.
ReturnHeader/BusinessOfficerGrp/PhoneNum07185974629
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-12-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WESTCHESTER SQUARE DISTRICT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0MANAGEMENT ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0WEST
ReturnHeader/Filer/EIN0383873130
ReturnHeader/Filer/PhoneNum07185974629

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