Civic Intelligence

West Shore District Management Association Inc.

990EZ • Fiscal year 2019 • EIN 47-2820595

Jul 01, 2018 to Jun 30, 2019 • Filed on May 12, 2020

900 South Avenue Suite 402Staten Island, NY 10314

(718) 447-1400

Siviq Scores

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

Liabilities / Assets

79th percentile

0.17x

Higher debt load relative to assets than 79% of similar nonprofits.

2019 filings • NTEE S • <$500k nonprofits • Source year 2019

Liabilities / Revenue

75th percentile

0.09x

Higher debt load relative to revenue than 75% of similar nonprofits.

2019 filings • NTEE S • <$500k nonprofits • Source year 2019

Net Margin

18th percentile

-10%

Higher net margin than 18% of similar nonprofits.

2019 filings • NTEE S40 • <$500k nonprofits • Source year 2019

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2019 filings • NTEE S • <$500k nonprofits • Source year 2019

Asset Growth

27th percentile

-11%

Faster asset growth than 27% of similar nonprofits.

2019 filings • NTEE S • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

55th percentile

4.5%

Faster revenue growth than 55% of similar nonprofits.

2019 filings • NTEE S • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$60,612

Down $7,689 (-11%) from 2018

Net Assets

Down

$50,112

Down $12,519 (-20%) from 2018

Liabilities

Up

$10,500

Up $4,830 (+85%) from 2018

Revenue

Up

$120,656

Up $5,236 (+4.5%) from 2018

Expenses

Up

$133,175

Up $51,390 (+63%) from 2018

Net Income

Down

-$12,519

Down $46,154 (-137%) from 2018

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2015: $14,704Liabilities 2015: $880Net Assets 2015: $13,8242015Assets 2016: $28,621Liabilities 2016: $7,6812016Assets 2018: $68,301Liabilities 2018: $5,670Net Assets 2018: $62,6312018Assets 2019: $60,612Liabilities 2019: $10,500Net Assets 2019: $50,1122019Assets 2020: $124,305Liabilities 2020: $3,000Net Assets 2020: $121,3052020Assets 2021: $125,691Liabilities 2021: $3,250Net Assets 2021: $122,4412021Assets 2022: $182,653Liabilities 2022: $3,500Net Assets 2022: $179,1532022Assets 2023: $199,536Liabilities 2023: $8,750Net Assets 2023: $190,7862023Assets 2024: $196,887Liabilities 2024: $5,000Net Assets 2024: $191,8872024

Highlighted filing

2019

Assets$60,612
Liabilities$10,500
Net Assets$50,112

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2015: $55,210Expenses 2015: $41,386Net Income 2015: $13,8242015Revenue 2016: $55,210Expenses 2016: $48,094Net Income 2016: $7,1162016Revenue 2018: $115,420Expenses 2018: $81,785Net Income 2018: $33,6352018Revenue 2019: $120,656Expenses 2019: $133,175Net Income 2019: -$12,5192019Revenue 2020: $167,030Expenses 2020: $95,837Net Income 2020: $71,1932020Revenue 2021: $110,475Expenses 2021: $109,339Net Income 2021: $1,1362021Revenue 2022: $135,460Expenses 2022: $78,748Net Income 2022: $56,7122022Revenue 2023: $115,966Expenses 2023: $104,333Net Income 2023: $11,6332023Revenue 2024: $111,241Expenses 2024: $110,140Net Income 2024: $1,1012024

Highlighted filing

2019

Revenue$120,656
Expenses$133,175
Net Income-$12,519
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 12, 2020
Return Version
2018v3.2
Gross Receipts
$120,656
Mission and Program Overview

Mission

The west shore industrial business improvement district was founded in july 2015 to provide much needed services and advocacy on behalf of bid members. The ultimate goal is to transform this area on the west shore into a premier industrial corridor for staten island and the city of new york.

Program Services

DescriptionGrantsExpenses
THE WEST SHORE BUSINESS IMPROVEMENT DISTRICT (WS-BID) IS LOCATED ALONG THE WEST SHORE OF STATEN ISLAND IN A PRIMARILY INDUSTRIAL AREA GENERALLY REFERRED TO AS BLOOMFIELD AND CHELSEA, BORDERING ON THE NEIGHBORHOOD OF TRAVIS. THE ASSOCIATION WAS CREATED TO PROVIDE SERVICES REQUIRED FOR THE PROTECTION AND GENERAL WELFARE OF THE PUBLIC; THE PROMOTION, GROWTH AND ENHANCEMENT OF THE WS-BID; AND THE REPRESENTATION OF THE WS-BID FOR NEEDS IDENTIFIED BY ITS MEMBERS. SERVICES INCLUDE SANITATION AND MAINTENANCE, SECURITY, DISTRICT-WIDE WAYFAIRING AND STREETSCAPE IMPROVEMENTS, AND ADVOCACY.-$84,731
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
FRED DIGIOVANNIChairman-$0--
JEFF HENICKVice-Chairma-$0--
JOHN DIFAZIOSecretary-$0--
RAM CHERUKURITreasurer-$0--
MIKE PALLADINODirector-$0--
JOHN WAMBOLDDirector-$0--
TJ MOOREDirector-$0--
JACK VOKRALNon-Voting D-$0--
HARRY LYNCHDirector-$0--
MICHAEL CUSICKNon-Voting D-$0--
BOB ENGLERTDirector-$0--
DONALD DE ROSADirector-$0--
MARIA ESPOSITODirector-$0--
MICHAEL MELAMEDDirector-$0--
Filing and Contact Details

Filer

Filer Name
West Shore District Management
EIN
47-2820595
Address
900 SOUTH AVENUE SUITE 402, STATEN ISLAND, NY 10314

Signing Officer

Name
Fred Digiovanni
Title
Chairman
Signed
2020-05-12
Discuss with paid preparer
Yes

Preparer

Firm
Desantis Kiefer Shall & Sarcone Llp
Address
1675 RICHMOND ROAD, STATEN ISLAND, NY 10304-2317
Preparer
Donald Sarcone CPA Cgma
Phone
7183512233
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses marketing 1,490 insurance 8,335 filing fees 125 membership 111 miscellaneous 201 repairs and maintenance 29,931 consultant 54,800 total 94,993

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 5,670 10,500

Form 990-ez, Part III

The west shore industrial business improvement district was founded in july 2015 to provide much needed services and advocacy on behalf of bid members. The ultimate goal is to transform this area on the west shore into a premier industrial corridor for staten island and the city of new york.

Form 990-ez, Part III, Line 28

The west shore business improvement district (ws-bid) is located along the west shore of staten island in a primarily industrial area generally referred to as bloomfield and chelsea, bordering on the neighborhood of travis. The association was created to provide services required for the protection and general welfare of the public; the promotion, growth and enhancement of the ws-bid; and the representation of the ws-bid for needs identified by its members. Services include sanitation and maintenance, security, district-wide wayfairing and streetscape improvements, and advocacy.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES MARKETING 1,490 INSURANCE 8,335 FILING FEES 125 MEMBERSHIP 111 MISCELLANEOUS 201 REPAIRS AND MAINTENANCE 29,931 CONSULTANT 54,800 TOTAL 94,993
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS PAYABLE AND ACCRUED EXPENSES 5,670 10,500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE WEST SHORE INDUSTRIAL BUSINESS IMPROVEMENT DISTRICT WAS FOUNDED IN JULY 2015 TO PROVIDE MUCH NEEDED SERVICES AND ADVOCACY ON BEHALF OF BID MEMBERS. THE ULTIMATE GOAL IS TO TRANSFORM THIS AREA ON THE WEST SHORE INTO A PREMIER INDUSTRIAL CORRIDOR FOR STATEN ISLAND AND THE CITY OF NEW YORK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE WEST SHORE BUSINESS IMPROVEMENT DISTRICT (WS-BID) IS LOCATED ALONG THE WEST SHORE OF STATEN ISLAND IN A PRIMARILY INDUSTRIAL AREA GENERALLY REFERRED TO AS BLOOMFIELD AND CHELSEA, BORDERING ON THE NEIGHBORHOOD OF TRAVIS. THE ASSOCIATION WAS CREATED TO PROVIDE SERVICES REQUIRED FOR THE PROTECTION AND GENERAL WELFARE OF THE PUBLIC; THE PROMOTION, GROWTH AND ENHANCEMENT OF THE WS-BID; AND THE REPRESENTATION OF THE WS-BID FOR NEEDS IDENTIFIED BY ITS MEMBERS. SERVICES INCLUDE SANITATION AND MAINTENANCE, SECURITY, DISTRICT-WIDE WAYFAIRING AND STREETSCAPE IMPROVEMENTS, AND ADVOCACY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
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ReturnHeader/TaxYr02018

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