Civic Intelligence

The Fort Lee District Management Corporation Inc

990 • Fiscal year 2017 • EIN 46-5136572

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 04, 2018

208 Main Street No 3rd FLFort Lee, NJ 07024

(201) 585-6099

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • NTEE S20 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

52nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • NTEE S20 • <$500k nonprofits • Source year 2017

Net Margin

39th percentile

0.4%

Higher net margin than 39% of similar nonprofits.

2017 filings • NTEE S20 • <$500k nonprofits • Source year 2017

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2017 filings • NTEE S20 • <$500k nonprofits • Source year 2017

Asset Growth

46th percentile

0.7%

Faster asset growth than 46% of similar nonprofits.

2017 filings • NTEE S20 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

58th percentile

7.3%

Faster revenue growth than 58% of similar nonprofits.

2017 filings • NTEE S20 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Flat

$248,253

Flat from 2017

Net Assets

Flat

$248,253

Flat from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Flat

$405,487

Flat from 2017

Expenses

Flat

$403,872

Flat from 2017

Net Income

Flat

$1,615

Flat from 2017

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2014: $146,142Liabilities 2014: $0Net Assets 2014: $146,1422014Assets 2015: $280,209Liabilities 2015: $0Net Assets 2015: $280,2092015Assets 2016: $246,637Liabilities 2016: $0Net Assets 2016: $246,6372016Assets 2017: $248,253Liabilities 2017: $0Net Assets 2017: $248,2532017Assets 2017: $248,253Liabilities 2017: $0Net Assets 2017: $248,2532017Assets 2018: $272,450Liabilities 2018: $0Net Assets 2018: $272,4502018Assets 2019: $223,085Liabilities 2019: $0Net Assets 2019: $223,0852019Assets 2020: $535,494Liabilities 2020: $0Net Assets 2020: $535,4942020Assets 2021: $600,000Liabilities 2021: $0Net Assets 2021: $600,0002021Assets 2022: $300,878Liabilities 2022: $0Net Assets 2022: $300,8782022Assets 2023: $459,366Liabilities 2023: $0Net Assets 2023: $459,3662023Assets 2024: $633,076Liabilities 2024: $0Net Assets 2024: $633,0762024

Highlighted filing

2017

Assets$248,253
Liabilities$0
Net Assets$248,253

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $256,224Expenses 2014: $110,082Net Income 2014: $146,1422014Revenue 2015: $365,960Expenses 2015: $231,893Net Income 2015: $134,0672015Revenue 2016: $377,994Expenses 2016: $411,566Net Income 2016: -$33,5722016Revenue 2017: $405,487Expenses 2017: $403,872Net Income 2017: $1,6152017Revenue 2017: $405,487Expenses 2017: $403,872Net Income 2017: $1,6152017Revenue 2018: $503,944Expenses 2018: $479,747Net Income 2018: $24,1972018Revenue 2019: $560,110Expenses 2019: $609,475Net Income 2019: -$49,3652019Revenue 2020: $781,244Expenses 2020: $468,540Net Income 2020: $312,7042020Revenue 2021: $686,189Expenses 2021: $621,683Net Income 2021: $64,5062021Revenue 2022: $738,802Expenses 2022: $1,037,924Net Income 2022: -$299,1222022Revenue 2023: $740,273Expenses 2023: $581,785Net Income 2023: $158,4882023Revenue 2024: $838,578Expenses 2024: $664,868Net Income 2024: $173,7102024

Highlighted filing

2017

Revenue$405,487
Expenses$403,872
Net Income$1,615
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 4, 2018
Return Version
2017v2.3
Gross Receipts
$405,487
Mission and Program Overview

Mission

The business district alliance of fort lee (bda) is a non-profit organization, in partnership with the borough of fort lee to revitalize and promote the main street shopping corridor. Our objective is to create an environment where people will shop and live, for retailers to grow and thrive; by creating a vital community experience for all, visitors and residents alike.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$204,418$207,908▲ $3,490
Cash and Non-Interest-Bearing Accounts$42,220$40,345▼ $1,875
Total Assets$246,638$248,253▲ $1,615
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$246,638$248,253▲ $1,615
Total Net Assets Fund Balance$246,638$248,253▲ $1,615
Total Liabilities and Net Assets / Fund Balance$246,638$248,253▲ $1,615
Compensation and Service Providers

Board Members and Trustees

NameTitle
Romina StaracePresident
Frank PattiV.president
Anthony CloresDirector
Ashley YookDirector
Denis GlennonDirector
Kathy LeeDirector
Kiky KimDirector
Mark SokolichDirector
Mathew BreedenDirector
Robert DurandoDirector
James LiuSecretary
Michael BeyerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,650
Program Service Revenue
$399,347
Investment Income
$3,490
Other Revenue
$0
All Other Contributions
$2,650
Change in Net Assets
$1,615

Audited Revenue Reconciliation

Revenue per Audited Statements
$405,487
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$405,487
Total Revenue per Form 990
$405,487
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$403,872
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$83,640$14,760-$98,400
Other Expenses$12,291--$12,291
Occupancy-$7,160-$7,160
Conferences and Meetings-$2,204-$2,204
Office Expenses-$2,067-$2,067
Insurance-$1,375-$1,375
Information Technology-$1,364-$1,364
All Other Expenses-$1,016-$1,016
Total Functional Expenses$373,926$29,946$0$403,872

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$403,872
Total Expenses per Audited Statements$403,872
Total Expenses per Form 990$403,872
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
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
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

The form 990 is made available to the entire board before filing.

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

The board secretary monitors conflicts as they arise.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, policies and financial statements available upon written request to the organization.

Filing and Contact Details

Filer

Filer Name
The Fort Lee District
EIN
46-5136572
Phone
2015856099
Address
208 MAIN STREET NO 3RD FL, FORT LEE, NJ 07024

Signing Officer

Name
Romina Starace
Title
President
Phone
2015856099
Signed
2018-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Romina Starace
Formed
2014
Legal Domicile
Nj
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
13

Preparer

Firm
Spire Group Pc
Address
100 WALNUT AVE SUITE 103, CLARK, NJ 07066
Preparer
Kathleen M Clayton CPA
Phone
7323818887
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization accounts for uncertainty in income taxes using a recognition threshold of more-likely-than not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold is met. Management determined there were no tax uncertainties that met the recognition threshold in 2017.

Part X

The organization accounts for uncertainty in income taxes using a recognition threshold of more-likely-than not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold is met. Management determined there were no tax uncertainties that met the recognition threshold in 2017.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1V.PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01693
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt07908
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99390
IRS990ScheduleA/PublicSupportTotal170Amt01297757
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0399347
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0375269
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0364267
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0156224
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt01295107
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0401997
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0375269
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0364267
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0156224
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01297757
IRS990ScheduleA/TotalSupportAmt01305665
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0403872
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0405487
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2017.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0403872
IRS990ScheduleD/TotalRevenuePerForm990Amt0405487
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0405487
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0403872
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS MADE AVAILABLE TO THE ENTIRE BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD SECRETARY MONITORS CONFLICTS AS THEY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION.
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 C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0246638
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0248253
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0246638
IRS990/TotalAssetsEOYAmt0248253
IRS990/TotalAssetsGrp/BOYAmt0246638
IRS990/TotalAssetsGrp/EOYAmt0248253
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02650
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029946
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0373926
IRS990/TotalFunctionalExpensesGrp/TotalAmt0403872
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0246638
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0248253
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0373926
IRS990/TotalProgramServiceRevenueAmt0399347
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt03490
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0399347
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0405487
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt013
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0246638
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0248253
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0208 MAIN STREET NO 3RD FL
IRS990/USAddress/CityNm0FORT LEE
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007024
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.BDAFTLEE.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROMINA STARACE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02015856099
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE FORT LEE DISTRICT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0MANAGEMENT CORPORATION INC
ReturnHeader/Filer/BusinessNameControlTxt0FORT
ReturnHeader/Filer/EIN0465136572
ReturnHeader/Filer/PhoneNum02015856099
ReturnHeader/Filer/USAddress/AddressLine1Txt0208 MAIN STREET NO 3RD FL
ReturnHeader/Filer/USAddress/CityNm0FORT LEE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007024
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId06365EC646D56BE2B45F5587A4FB32164BBC47BB7
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId06365EC646D56BE2B45F5587A4FB32164BBC47BB7
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.248.167.217
ReturnHeader/FilingSecurityInformation/IPDt02018-11-04
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm016:18:28
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0455221053
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SPIRE GROUP PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 WALNUT AVE SUITE 103
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CLARK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007066
ReturnHeader/PreparerPersonGrp/PhoneNum07323818887
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KATHLEEN M CLAYTON CPA
ReturnHeader/ReturnTs02018-11-14T13:31:03-06:00
ReturnHeader/ReturnTypeCd0990

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.00$0.63$0.84$0.66$0.17
2023Summary only. Only limited summary data is available for this year.$0.46$0.00$0.46$0.74$0.58$0.16
2022Summary only. Only limited summary data is available for this year.$0.30$0.00$0.30$0.74$1.04$0.30
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.60$0.00$0.60$0.69$0.62$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.54$0.00$0.54$0.78$0.47$0.31
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.22$0.00$0.22$0.56$0.61$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.27$0.00$0.27$0.50$0.48$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$0.41$0.40$0.00
2017Summary only. Only limited summary data is available for this year.$0.25$0.00$0.25$0.41$0.40$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.25$0.00$0.25$0.38$0.41$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.28$0.37$0.23$0.13
2014Summary only. Only limited summary data is available for this year.$0.15$0.00$0.15$0.26$0.11$0.15