Civic Intelligence

West Shore District Management Association Inc.

990EZ • Fiscal year 2021 • EIN 47-2820595

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 21, 2022

201 Edward Curry Ave Suite 103Staten Island, NY 10314

(718) 447-1400

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.03x

Higher debt load relative to assets than 63% of similar nonprofits.

2021 filings • NTEE S • <$500k nonprofits • Source year 2021

Liabilities / Revenue

64th percentile

0.03x

Higher debt load relative to revenue than 64% of similar nonprofits.

2021 filings • NTEE S • <$500k nonprofits • Source year 2021

Net Margin

34th percentile

1.0%

Higher net margin than 34% of similar nonprofits.

2021 filings • NTEE S40 • <$500k nonprofits • Source year 2021

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

2021 filings • NTEE S40 • <$500k nonprofits • Source year 2021

Asset Growth

44th percentile

1.1%

Faster asset growth than 44% of similar nonprofits.

2021 filings • NTEE S • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

22nd percentile

-34%

Faster revenue growth than 22% of similar nonprofits.

2021 filings • NTEE S • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$125,691

Up $1,386 (+1.1%) from 2020

Net Assets

Up

$122,441

Up $1,136 (+0.9%) from 2020

Liabilities

Up

$3,250

Up $250 (+8.3%) from 2020

Revenue

Down

$110,475

Down $56,555 (-34%) from 2020

Expenses

Up

$109,339

Up $13,502 (+14%) from 2020

Net Income

Down

$1,136

Down $70,057 (-98%) from 2020

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

2021

Assets$125,691
Liabilities$3,250
Net Assets$122,441

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

2021

Revenue$110,475
Expenses$109,339
Net Income$1,136
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 21, 2022
Return Version
2020v4.0
Gross Receipts
$110,475
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.

The west shore district management association, inc. 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 DISTRICT MANAGEMENT ASSOCIATION, INC. 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.-$60,432
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
FRED DIGIOVANNIChairman-$0--
JEFF HENICKVice-Chairma-$0--
JOHN DIFAZIOTreasurer-$0--
RAM CHERUKURISecretary-$0--
MICHAEL PALLADINODirector-$0--
JOHN WAMBOLDDirector-$0--
TJ MOOREDirector-$0--
JACK VOKRALDirector-$0--
HARRY LYNCHDirector-$0--
BOB ENGLERTDirector-$0--
DONALD DE ROSADirector-$0--
MARIA ESPOSITODirector-$0--
MICHAEL MELAMEDDirector-$0--
THOMAS BLANCERODirector-$0--
Filing and Contact Details

Filer

Filer Name
West Shore District Management
EIN
47-2820595
Address
201 EDWARD CURRY AVE SUITE 103, STATEN ISLAND, NY 10314

Signing Officer

Name
Fred Digiovanni
Title
Chairman
Signed
2022-03-21
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 6,112 insurance 8,834 filing fees 150 miscellaneous 173 repairs and maintenance 54,320 total 69,589

Form 990-ez, Part II, Line 24

Prepaid expenses and deferred charges 0 7,414 total 0 7,414

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 3,000 3,250

Form 990-ez, Part III

The west shore district management association, inc. 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 district management association, inc. 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 6,112 INSURANCE 8,834 FILING FEES 150 MISCELLANEOUS 173 REPAIRS AND MAINTENANCE 54,320 TOTAL 69,589
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PREPAID EXPENSES AND DEFERRED CHARGES 0 7,414 TOTAL 0 7,414
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 3,000 3,250
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE WEST SHORE DISTRICT MANAGEMENT ASSOCIATION, INC. 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/ExplanationTxt4THE WEST SHORE DISTRICT MANAGEMENT ASSOCIATION, INC. 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/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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