Civic Intelligence

Soho Broadway District Management Association Inc

990 • Fiscal year 2019 • EIN 47-1044631

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 16, 2020

594 Broadway No 311New York, NY 10012

(212) 390-1131

Siviq Scores

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

Liabilities / Assets

54th percentile

0.13x

Higher debt load relative to assets than 54% of similar nonprofits.

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

Liabilities / Revenue

43rd percentile

0.04x

Higher debt load relative to revenue than 43% of similar nonprofits.

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

Net Margin

79th percentile

23%

Higher net margin than 79% of similar nonprofits.

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

Top Officer Pay

93rd percentile

$167,058

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 17.8% of source-year revenue.

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

Asset Growth

96th percentile

198%

Faster asset growth than 96% of similar nonprofits.

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

Revenue Growth

87th percentile

66%

Faster revenue growth than 87% of similar nonprofits.

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

Assets

Up

$319,589

Up $212,406 (+198%) from 2018

Net Assets

Up

$279,571

Up $215,432 (+336%) from 2018

Liabilities

Down

$40,018

Down $3,026 (-7.0%) from 2018

Revenue

Up

$940,379

Up $375,330 (+66%) from 2018

Expenses

Up

$724,947

Up $49,014 (+7.3%) from 2018

Net Income

Up

$215,432

Up $326,316 (+294%) 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 2014: $151,967Liabilities 2014: $151,925Net Assets 2014: $422014Assets 2015: $295,957Liabilities 2015: $59,105Net Assets 2015: $236,8522015Assets 2016: $301,855Liabilities 2016: $46,487Net Assets 2016: $255,3682016Assets 2017: $219,200Liabilities 2017: $44,177Net Assets 2017: $175,0232017Assets 2018: $107,183Liabilities 2018: $43,044Net Assets 2018: $64,1392018Assets 2019: $319,589Liabilities 2019: $40,018Net Assets 2019: $279,5712019Assets 2020: $549,741Liabilities 2020: $71,946Net Assets 2020: $477,7952020Assets 2021: $588,131Liabilities 2021: $57,125Net Assets 2021: $531,0062021Assets 2022: $620,408Liabilities 2022: $54,806Net Assets 2022: $565,6022022Assets 2023: $723,493Liabilities 2023: $253,591Net Assets 2023: $469,9022023Assets 2024: $941,696Liabilities 2024: $171,330Net Assets 2024: $770,3662024

Highlighted filing

2019

Assets$319,589
Liabilities$40,018
Net Assets$279,571

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $100Expenses 2014: $58Net Income 2014: $422014Revenue 2015: $620,532Expenses 2015: $383,722Net Income 2015: $236,8102015Revenue 2016: $568,657Expenses 2016: $550,141Net Income 2016: $18,5162016Revenue 2017: $572,040Expenses 2017: $652,385Net Income 2017: -$80,3452017Revenue 2018: $565,049Expenses 2018: $675,933Net Income 2018: -$110,8842018Revenue 2019: $940,379Expenses 2019: $724,947Net Income 2019: $215,4322019Revenue 2020: $1,021,988Expenses 2020: $823,764Net Income 2020: $198,2242020Revenue 2021: $946,538Expenses 2021: $893,327Net Income 2021: $53,2112021Revenue 2022: $959,820Expenses 2022: $925,224Net Income 2022: $34,5962022Revenue 2023: $1,004,283Expenses 2023: $1,099,983Net Income 2023: -$95,7002023Revenue 2024: $1,115,728Expenses 2024: $814,029Net Income 2024: $301,6992024

Highlighted filing

2019

Revenue$940,379
Expenses$724,947
Net Income$215,432
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 16, 2020
Return Version
2018v3.2
Gross Receipts
$940,379
Mission and Program Overview

Mission

To foster a unique, vibrant, mixed-use district with enhanced maintenance and public safety, effective advocacy and administration, technical and professional services for its members, and strategic capital improvements.

To promote the vitality and economic growth of a business improvement district located in nyc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$199,310-
Pledges and Grants Receivable$15,000$40,000▲ $25,000
Accounts Receivable-$39,641-
Savings and Temporary Cash Investments$75,125$35,173▼ $39,952
Prepaid Expenses and Deferred Charges$2,812$3,535▲ $723
Land, Buildings, and Equipment, Net$14,246$1,930▼ $12,316
Total Assets$107,183$319,589▲ $212,406
Liabilities
Accounts Payable and Accrued Expenses$43,044$40,018▼ $3,026
Total Liabilities$43,044$40,018▼ $3,026
Net Assets / Fund Balance
Unrestricted Net Assets$64,139$279,571▲ $215,432
Total Net Assets Fund Balance$64,139$279,571▲ $215,432
Total Liabilities and Net Assets / Fund Balance$107,183$319,589▲ $212,406

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$49$182,573$182,622
Equipment$1,881$19,570$21,451
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark DicusExec DirectorFT$134,478$32,580$167,058

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Ace Programs For The HomelessSanitation Services598 BROADWAY 7TH FL, New York, NY 10012$273,009
Revenue and Support

Revenue Composition

Contributions and Grants
$40,365
Program Service Revenue
$900,000
Investment Income
$14
Other Revenue
$0
All Other Contributions
$365
Change in Net Assets
$215,432

Audited Revenue Reconciliation

Revenue per Audited Statements
$940,379
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$15,339
Total Revenue per Audited Statements
$955,718
Total Revenue per Form 990
$940,379
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$363,224
Salaries, Compensation, and Employee Benefits$361,723
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$264,460$6,315-$270,775
Other Salaries and Wages$123,253$21,577-$144,830
Current Officers, Directors, Trustees, and Key Employees$121,016$21,186-$142,202
Other Employee Benefits$36,282$6,413-$42,695
Payroll Taxes$27,190$4,806-$31,996
Office Expenses-$15,667-$15,667
Depreciation Depletion-$14,084-$14,084
Fees for Services Accounting-$11,196-$11,196
Fees for Services Legal-$6,304-$6,304
Insurance-$5,665-$5,665
Other Expenses$35,466$2,767-$2,767
Fees for Services Lobbying-$759-$759
Occupancy-$541-$541
Total Functional Expenses$607,667$117,280$0$724,947

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$740,286
Expenses per Audited Statements$724,947
Total Expenses per Form 990$724,947
Expenses Not Reported on Form 990$15,339
Expenses Not Reported on Financial Statements$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
Yes
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
Yes
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 A, Line 2

Warren leshen and lee leshen (board alternate) have a family relationship.

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

The form 990 has been reviewed by a group of persons authorized to review financial and audit matters prior to filing. The final form 990 (filed with the irs) will be available at the next meeting of the board for inspection. In addition, upon request of any boardmember, a copy will be provided. If there are any material changes, an amended form 990 will be filed.

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

The organization enforces the conflict of interest policy by monitoring known relationships, questionnaires, and noting any changes in disclosed information. Any conflict is reviewed by the board before a decision is made as to whether to approve the transaction.

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

This review includes researching guidestar, 990s, ny non-profit network annual salary survey, phone calls to other organizations to collect data.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Soho Broadway District Management
EIN
47-1044631
Phone
2123901131
Address
594 BROADWAY NO 311, NEW YORK, NY 10012

Signing Officer

Name
Mark Dicus
Title
Exec Director
Phone
2123901131
Signed
2020-07-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Dicus
Formed
2014
Legal Domicile
Ny
Voting Board Members
24
Independent Board Members
24
Employees
0
Volunteers
0

Preparer

Firm
Skody Scot & Co Cpas Pc
Address
520 EIGHTH AVE SUITE 2200, NEW YORK, NY 10018
Preparer
William Skody
Phone
2129671100
Supplemental Narrative

Additional Explanations

Compensation to Staff

The organization used a peo-payroll processing company to provide wages, benefits and human resource functions for its employees. As such, salaries are reported by the peo-payroll processing company to the various agencies.

Form 990, Part IX, Line 11G

Consultants - sanitation: program service expenses 255,379. Management and general expenses 0. Fundraising expenses 0. Total expenses 255,379. Consultants - community development: program service expenses 9,081. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,081. Consultants - other: program service expenses 0. Management and general expenses 6,315. Fundraising expenses 0. Total expenses 6,315.

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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
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