Civic Intelligence

Atlantic Avenue District Management

EIN 45-4949226 • 501(c)3 • Brooklyn, NY

Profile

To promote the economic growth and well being of the businesses in the business improvement district through improving neighborhood conditions and the business environment.

306 Atlantic AvenueBrooklyn, NY 11201

www.atlanticavebid.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

89th percentile

0.70x

Higher debt load relative to assets than 89% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

86th percentile

0.61x

Higher debt load relative to revenue than 86% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Source year 2025

Net Margin

15th percentile

-18%

Higher net margin than 15% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

78th percentile

$105,464

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 19.3% of source-year revenue.

NTEE S • $500k-$1M nonprofits • Source year 2025

Asset Growth

24th percentile

-9.7%

Faster asset growth than 24% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

57th percentile

8.3%

Faster revenue growth than 57% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Annualized from 2024 to 2025

Assets

Down

$471,854

Down $50,531 (-9.7%) from 2024

Liabilities

Up

$330,326

Up $48,228 (+17%) from 2024

Net Assets

Down

$141,528

Down $98,759 (-41%) from 2024

Revenue

Up

$545,050

Up $41,672 (+8.3%) from 2024

Expenses

Up

$643,809

Up $64,940 (+11%) from 2024

Net Income

Down

-$98,759

Down $23,268 (-31%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2012: $128,957Liabilities 2012: $14,4482012Assets 2013: $181,974Liabilities 2013: $8,710Net Assets 2013: $173,2642013Assets 2014: $252,279Liabilities 2014: $23,462Net Assets 2014: $228,8172014Assets 2015: $248,787Liabilities 2015: $11,617Net Assets 2015: $237,1702015Assets 2016: $252,179Liabilities 2016: $10,014Net Assets 2016: $242,1652016Assets 2017: $312,702Liabilities 2017: $13,114Net Assets 2017: $299,5882017Assets 2018: $370,595Liabilities 2018: $19,517Net Assets 2018: $351,0782018Assets 2019: $394,591Liabilities 2019: $4,913Net Assets 2019: $389,6782019Assets 2020: $261,387Liabilities 2020: $22,765Net Assets 2020: $238,6222020Assets 2021: $306,426Liabilities 2021: $39,740Net Assets 2021: $266,6862021Assets 2022: $276,891Liabilities 2022: $26,145Net Assets 2022: $250,7462022Assets 2023: $541,111Liabilities 2023: $225,333Net Assets 2023: $315,7782023Assets 2024: $522,385Liabilities 2024: $282,098Net Assets 2024: $240,2872024Assets 2025: $471,854Liabilities 2025: $330,326Net Assets 2025: $141,5282025

Highlighted filing

2025

Assets$471,854
Liabilities$330,326
Net Assets$141,528

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2012: $176,324Expenses 2012: $61,815Net Income 2012: $114,5092012Revenue 2013: $291,538Expenses 2013: $232,783Net Income 2013: $58,7552013Revenue 2014: $298,414Expenses 2014: $242,861Net Income 2014: $55,5532014Revenue 2015: $268,937Expenses 2015: $260,584Net Income 2015: $8,3532015Revenue 2016: $293,897Expenses 2016: $288,902Net Income 2016: $4,9952016Revenue 2017: $322,252Expenses 2017: $269,909Net Income 2017: $52,3432017Revenue 2018: $383,253Expenses 2018: $331,763Net Income 2018: $51,4902018Revenue 2019: $449,584Expenses 2019: $410,984Net Income 2019: $38,6002019Revenue 2020: $400,215Expenses 2020: $468,066Net Income 2020: -$67,8512020Revenue 2021: $399,710Expenses 2021: $371,646Net Income 2021: $28,0642021Revenue 2022: $410,053Expenses 2022: $425,993Net Income 2022: -$15,9402022Revenue 2023: $510,260Expenses 2023: $445,228Net Income 2023: $65,0322023Revenue 2024: $503,378Expenses 2024: $578,869Net Income 2024: -$75,4912024Revenue 2025: $545,050Expenses 2025: $643,809Net Income 2025: -$98,7592025

Highlighted filing

2025

Revenue$545,050
Expenses$643,809
Net Income-$98,759

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.72$3.30$1.42$5.45$6.44$0.99
2024Detailed filing. Detailed filing data is available for this year.$5.22$2.82$2.40$5.03$5.79$0.75
2023Detailed filing. Detailed filing data is available for this year.$5.41$2.25$3.16$5.10$4.45$0.65
2022Detailed filing. Detailed filing data is available for this year.$2.77$0.26$2.51$4.10$4.26$0.16
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.06$0.40$2.67$4.00$3.72$0.28
2020Detailed filing. Detailed filing data is available for this year.$2.61$0.23$2.39$4.00$4.68$0.68
2019Detailed filing. Detailed filing data is available for this year.$3.95$0.05$3.90$4.50$4.11$0.39
2018Detailed filing. Detailed filing data is available for this year.$3.71$0.20$3.51$3.83$3.32$0.51
2017Detailed filing. Detailed filing data is available for this year.$3.13$0.13$3.00$3.22$2.70$0.52
2016Detailed filing. Detailed filing data is available for this year.$2.52$0.10$2.42$2.94$2.89$0.05
2015Detailed filing. Detailed filing data is available for this year.$2.49$0.12$2.37$2.69$2.61$0.08
2014Detailed filing. Detailed filing data is available for this year.$2.52$0.23$2.29$2.98$2.43$0.56
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$0.09$1.73$2.92$2.33$0.59
2012Summary only. Only limited summary data is available for this year.$1.29$0.14$1.76$0.62$1.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 11, 2026
Return Version
2024v5.2
Gross Receipts
$545,050
Mission and Program Overview

Mission

To promote the economic growth and well being of the businesses in the business improvement district through improving neighborhood conditions and the business environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$369,690$272,091▼ $97,599
Land, Buildings, and Equipment, Net$130,814$111,763▼ $19,051
Pledges and Grants Receivable$18,750$39,873▲ $21,123
Prepaid Expenses and Deferred Charges$3,130$3,112▼ $18
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$522,385$471,854▼ $50,531
Other Assets Total$1$45,015▲ $45,014
Liabilities
Deferred Revenue$195,000$230,500▲ $35,500
Accounts Payable and Accrued Expenses$87,098$54,415▼ $32,683
Other Liabilities-$45,411-
Total Liabilities$282,098$330,326▲ $48,228
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$240,287$141,528▼ $98,759
Total Net Assets Fund Balance$240,287$141,528▼ $98,759
Total Liabilities and Net Assets / Fund Balance$522,385$471,854▼ $50,531

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$86,223$82,598$168,821
Leasehold Improvements$15,091$141,211$156,302
Equipment$10,449$1,161$11,610
Other Assets Org$1--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kelly CarrollExecutive DirectorPT$105,464$105,464

Board Members and Trustees

NameTitle
Marcia PatmosChair
Sandy Balboza2nd Vice Chair
Megan RickersonVice Chair
Jordan BarowitzSecretary
Jason ManoharanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Mydatt Services Inc dba Block by BlockSanitationPO Box 643873, Cincinnati, OH 45264-3873$136,488
Revenue and Support

Revenue Composition

Contributions and Grants
$543,522
Program Service Revenue
$0
Investment Income
$1,528
Other Revenue
$0
All Other Contributions
$3,522
Change in Net Assets
$-98,759
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$443,270
Salaries, Compensation, and Employee Benefits$200,539
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$117,311--$117,311
Current Officers, Directors, Trustees, and Key Employees$79,098$26,366-$105,464
Other Salaries and Wages$47,750$15,916-$63,666
Depreciation Depletion$33,001--$33,001
Occupancy-$19,875-$19,875
Other Employee Benefits$12,009$4,004-$16,013
Payroll Taxes$11,547$3,849-$15,396
Fees for Services Other-$14,820-$14,820
All Other Expenses$1,873$8,289-$10,162
Other Expenses$8,104$1,851-$9,955
Insurance-$3,440-$3,440
Total Functional Expenses$545,399$98,410$0$643,809
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease liabilities$45,411
Governance and Compliance

Governance Checklist

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

Executive board reviews 990 before signing and sending return.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Atlantic Avenue District Management
EIN
45-4949226
Phone
9292835988
Address
306 Atlantic Avenue, Brooklyn, NY 11201

Signing Officer

Name
Kelly Carroll
Title
Executive Director
Signed
2026-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kelly Carroll
Formed
2012
Legal Domicile
Ny
Voting Board Members
17
Independent Board Members
17
Employees
2

Preparer

Firm
Cipriani & Bauer CPAs
Address
1444 86th St, Brooklyn, NY 11228
Preparer
A Lyle Bauer
Phone
7186765845
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IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03849
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IRS990/PYContributionsGrantsAmt0500224
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IRS990/PYInvestmentIncomeAmt03154
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0500224
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0510175
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0410053
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0399428
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IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt085
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0282
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05049
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
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IRS990ScheduleA/PublicSupportPY170Pct00.99760
IRS990ScheduleA/PublicSupportTotal170Amt02363402
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt01161
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IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0156302
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt082598
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Lease liabilities
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt045015
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Executive board reviews 990 before signing and sending return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0545050
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0306 Atlantic Avenue
IRS990/USAddress/CityNm0Brooklyn
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011201
IRS990/VotingMembersGoverningBodyCnt017
IRS990/VotingMembersIndependentCnt017
IRS990/WebsiteAddressTxt0www.atlanticavebid.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Kelly Carroll
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Dir.
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-02-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Atlantic Avenue District Management
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Association Inc
ReturnHeader/Filer/BusinessNameControlTxt0ATLA
ReturnHeader/Filer/EIN0454949226

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