Civic Intelligence

Bay Ridge 5Th Avenue District Management Association Inc.

990 • Fiscal year 2018 • EIN 65-1290073

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 11, 2019

480 B 80th StreetBrooklyn, NY 11209

(718) 238-8181

Siviq Scores

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

Liabilities / Assets

84th percentile

0.62x

Higher debt load relative to assets than 84% of similar nonprofits.

2018 filings • NTEE S • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

89th percentile

0.89x

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

2018 filings • NTEE S • $500k-$1M nonprofits • Source year 2018

Net Margin

19th percentile

-9.6%

Higher net margin than 19% of similar nonprofits.

2018 filings • NTEE S • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

60th percentile

$60,000

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 13.4% of source-year revenue.

2018 filings • NTEE S • $500k-$1M nonprofits • Source year 2018

Asset Growth

96th percentile

102%

Faster asset growth than 96% of similar nonprofits.

2018 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

45th percentile

1.3%

Faster revenue growth than 45% of similar nonprofits.

2018 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$642,778

Up $324,284 (+102%) from 2017

Net Assets

Down

$244,769

Down $43,112 (-15%) from 2017

Liabilities

Up

$398,009

Up $367,396 (+1200%) from 2017

Revenue

Up

$448,090

Up $5,570 (+1.3%) from 2017

Expenses

Up

$491,202

Up $88,075 (+22%) from 2017

Net Income

Down

-$43,112

Down $82,505 (-209%) 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 2011: $330,238Liabilities 2011: $23,946Net Assets 2011: $306,2922011Assets 2012: $325,267Liabilities 2012: $24,187Net Assets 2012: $301,0802012Assets 2013: $336,127Liabilities 2013: $23,449Net Assets 2013: $312,6782013Assets 2014: $295,965Liabilities 2014: $47,393Net Assets 2014: $248,5722014Assets 2015: $276,080Liabilities 2015: $49,592Net Assets 2015: $226,4882015Assets 2016: $287,339Liabilities 2016: $38,851Net Assets 2016: $248,4882016Assets 2017: $318,494Liabilities 2017: $30,613Net Assets 2017: $287,8812017Assets 2018: $642,778Liabilities 2018: $398,009Net Assets 2018: $244,7692018Assets 2019: $298,086Liabilities 2019: $42,667Net Assets 2019: $255,4192019Assets 2020: $305,544Liabilities 2020: $28,605Net Assets 2020: $276,9392020Assets 2021: $317,819Liabilities 2021: $35,075Net Assets 2021: $282,7442021Assets 2022: $357,248Liabilities 2022: $49,216Net Assets 2022: $308,0322022Assets 2023: $370,773Liabilities 2023: $30,834Net Assets 2023: $339,9392023Assets 2024: $382,974Liabilities 2024: $48,113Net Assets 2024: $334,8612024Assets 2025: $681,443Liabilities 2025: $340,367Net Assets 2025: $341,0762025

Highlighted filing

2018

Assets$642,778
Liabilities$398,009
Net Assets$244,769

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $364,0832011Expenses 2012: $351,5202012Expenses 2013: $329,1272013Revenue 2014: $343,265Expenses 2014: $407,371Net Income 2014: -$64,1062014Revenue 2015: $346,088Expenses 2015: $368,172Net Income 2015: -$22,0842015Revenue 2016: $424,722Expenses 2016: $402,722Net Income 2016: $22,0002016Revenue 2017: $442,520Expenses 2017: $403,127Net Income 2017: $39,3932017Revenue 2018: $448,090Expenses 2018: $491,202Net Income 2018: -$43,1122018Revenue 2019: $548,531Expenses 2019: $537,881Net Income 2019: $10,6502019Revenue 2020: $652,816Expenses 2020: $631,296Net Income 2020: $21,5202020Revenue 2021: $646,344Expenses 2021: $640,539Net Income 2021: $5,8052021Revenue 2022: $711,417Expenses 2022: $686,129Net Income 2022: $25,2882022Revenue 2023: $701,371Expenses 2023: $669,464Net Income 2023: $31,9072023Revenue 2024: $625,344Expenses 2024: $630,422Net Income 2024: -$5,0782024Revenue 2025: $610,748Expenses 2025: $604,533Net Income 2025: $6,2152025

Highlighted filing

2018

Revenue$448,090
Expenses$491,202
Net Income-$43,112
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 11, 2019
Return Version
2017v2.2
Gross Receipts
$470,783
Mission and Program Overview

Mission

To promote the economic growth and well being of the people and businesses in the bay ridge 5th avenue area by providing supplemental services to the community including sanitation, security, holiday decorations, graffiti removal, and other services and activities which foster safety, crime reduction, improved traffic flow and cleanliness for the general well being of the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$145,373$508,966▲ $363,593
Cash and Non-Interest-Bearing Accounts$94,349$81,382▼ $12,967
Land, Buildings, and Equipment, Net$72,722$47,966▼ $24,756
Prepaid Expenses and Deferred Charges$5,915$4,329▼ $1,586
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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$318,494$642,778▲ $324,284
Other Assets Total$135$135→ $0
Liabilities
Other Liabilities-$361,705-
Accounts Payable and Accrued Expenses$30,613$36,304▲ $5,691
Total Liabilities$30,613$398,009▲ $367,396
Net Assets / Fund Balance
Unrestricted Net Assets$287,881$244,769▼ $43,112
Total Net Assets Fund Balance$287,881$244,769▼ $43,112
Total Liabilities and Net Assets / Fund Balance$318,494$642,778▲ $324,284

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$39,798$206,795$246,593
Leasehold Improvements$8,168$2,723$10,891
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Amanda ZentenoExecutive DirecFT$60,000$60,000

Board Members and Trustees

NameTitle
Joseph SollecitoPresident
Basil CapetanakisVice President
Gerard O'MaraSecretary
James ClarkTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Atlantic MaintenanceSidewalk maintenance154 Conover Street, Brooklyn, NY 11231$194,021
Revenue and Support

Revenue Composition

Contributions and Grants
$434,299
Program Service Revenue
$0
Investment Income
$1,889
Other Revenue
$11,902
All Other Contributions
$7,299
Change in Net Assets
$-43,112
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$384,439
Salaries, Compensation, and Employee Benefits$106,763
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$30,000$30,000-$60,000
All Other Expenses$18,755$24,832-$43,587
Other Salaries and Wages$18,359$18,358-$36,717
Depreciation Depletion$23,667$1,089-$24,756
Occupancy-$16,800-$16,800
Advertising$16,550--$16,550
Other Expenses$13,684--$13,684
Payroll Taxes$5,023$5,023-$10,046
Insurance-$3,950-$3,950
Total Functional Expenses$391,150$100,052$0$491,202
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$34,595
Fundraising Direct Expenses$22,693
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
5th Avenue Street Festival$34,595$34,595$22,693$11,902
Total Events$34,595$34,595$22,693$11,902
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
Due to City of New York$361,705
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, Line 11B: Form 990 Review Process

Executive board reviews 990 before signing and sending return.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Bay Ridge 5th Avenue District Management
EIN
65-1290073
Phone
7182388181
Address
480 B 80th Street, Brooklyn, NY 11209

Signing Officer

Name
Joseph Sollecito
Title
President
Signed
2019-01-11
Discuss with paid preparer
Yes

Organization Details

Formed
2007
Legal Domicile
Ny
Voting Board Members
20
Independent Board Members
20
Employees
3

Preparer

Firm
Cipriani & Bauer CPAs
Address
1444 86th St, Brooklyn, NY 11228
Preparer
A Lyle Bauer
Phone
7186765845
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0339500
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01889
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0899
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0582
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt011902
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt07189
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0206795
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02723
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt010891
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0361705
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to City of New York
IRS990ScheduleD/TotalBookValueLandBuildingsAmt047966
IRS990ScheduleD/TotalLiabilityAmt0361705
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IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt022693
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm05TH AVENUE STREET FESTIVAL
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt034595
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt034595
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt034595
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IRS990/ScheduleORequiredInd0false
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, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
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IRS990/TotalProgramServiceRevenueAmt00
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01889
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0448090
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0642778
IRS990/TravelGrp/TotalAmt00
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0287881
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0244769
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt020
IRS990/VotingMembersIndependentCnt020
IRS990/WebsiteAddressTxt0www.bayridgebid.com
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Joseph Sollecito
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-01-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Bay Ridge 5th Avenue District Management
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Association Inc
ReturnHeader/Filer/BusinessNameControlTxt0BAYR
ReturnHeader/Filer/EIN0651290073
ReturnHeader/Filer/PhoneNum07182388181
ReturnHeader/Filer/USAddress/AddressLine1Txt0480 B 80th Street
ReturnHeader/Filer/USAddress/CityNm0Brooklyn
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011209
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0474586160
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Cipriani & Bauer CPAs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01444 86th St

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.81$3.40$3.41$6.11$6.05$0.06
2024Detailed filing. Detailed filing data is available for this year.$3.83$0.48$3.35$6.25$6.30$0.05
2023Detailed filing. Detailed filing data is available for this year.$3.71$0.31$3.40$7.01$6.69$0.32
2022Detailed filing. Detailed filing data is available for this year.$3.57$0.49$3.08$7.11$6.86$0.25
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.18$0.35$2.83$6.46$6.41$0.06
2020Detailed filing. Detailed filing data is available for this year.$3.06$0.29$2.77$6.53$6.31$0.22
2019Detailed filing. Detailed filing data is available for this year.$2.98$0.43$2.55$5.49$5.38$0.11
2018Detailed filing. Detailed filing data is available for this year.$6.43$3.98$2.45$4.48$4.91$0.43
2017Detailed filing. Detailed filing data is available for this year.$3.18$0.31$2.88$4.43$4.03$0.39
2016Detailed filing. Detailed filing data is available for this year.$2.87$0.39$2.48$4.25$4.03$0.22
2015Detailed filing. Detailed filing data is available for this year.$2.76$0.50$2.26$3.46$3.68$0.22
2014Detailed filing. Detailed filing data is available for this year.$2.96$0.47$2.49$3.43$4.07$0.64
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.36$0.23$3.13$3.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.25$0.24$3.01$3.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.30$0.24$3.06$3.64