Liabilities / Assets
89th percentile
Higher debt load relative to assets than 89% of similar nonprofits.
Downtown Troy Business Improvement
EIN 81-2946188 • 501(c)3 • Troy, NY
Profile
The downtown troy business improvement district foundation, inc. Is a charitable organization created to be a catalyst for the downtown troy business improvement district, created as a means for donors to support the activities and promotion of events of the downtown troy business improvement district. The foundation oversees fundraising initiatives of the downtown troy business improvement district in the form of annual sponsorship, advertising agreements, project based funding and event sponsorship.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.59x
Liabilities / Revenue
91st percentile
Higher debt load relative to revenue than 91% of similar nonprofits.
Net Margin
40th percentile
Higher net margin than 40% of similar nonprofits.
Top Officer Pay
85th percentile
Higher top officer pay than 85% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
18th percentile
Faster asset growth than 18% of similar nonprofits.
Revenue Growth
39th percentile
Faster revenue growth than 39% of similar nonprofits.
Balance Sheet
Assets
Down$24,374
Down $18,788 (-44%) from 2022
Liabilities
Down$14,265
Down $19,071 (-57%) from 2022
Net Assets
Up$10,109
Up $283 (+2.9%) from 2022
Revenue
Down$31,300
Down $3,700 (-11%) from 2022
Expenses
Down$31,017
Down $3,788 (-11%) from 2022
Net Income
Up$283
Up $88 (+45%) from 2022
Trend Graphs
Filings
Most recent year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $24,374
- Liabilities
- $14,265
- Net assets
- $10,109
- Revenue
- $31,300
- Expenses
- $31,017
- Net income
- $283
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Oct 31, 2024
- Return Version
- 2023v5.0
- Gross Receipts
- $31,300
Mission and Program Overview
Mission
The downtown troy business improvement district foundation, inc. Is a charitable organization created to be a catalyst for the downtown troy business improvement district, created as a means for donors to support the activities and promotion of events of the downtown troy business improvement district. The foundation oversees fundraising initiatives of the downtown troy business improvement district in the form of annual sponsorship, advertising agreements, project based funding and event sponsorship.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE FOUNDATION OVERSEES FUNDRAISING INITIATIVES OF THE DOWNTOWN TROY BUSINESS IMPROVEMENT DISTRICT IN THE FORM OF ANNUAL SPONSORSHIP, ADVERTISING AGREEMENTS, PROJECT BASED FUNDING, AND EVENT SPONSORSHIP. | $28,229 | $28,229 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| OLIVIA CLEMENTE | Executive Di | - | $0 | - | - |
| MATT CALLAHAN | President | - | $0 | - | - |
| JEFF MIREL | Vice Preside | - | $0 | - | - |
| SARAH CACIOLA | Secretary | - | $0 | - | - |
| DAVID GARDELL | Treasurer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Downtown Troy Business Improvement
- EIN
- 81-2946188
- Phone
- 5182797997
- Address
- 102 THIRD STREET, TROY, NY 12180
Signing Officer
- Name
- Olivia Clemente
- Title
- Executive Director
- Phone
- 5182797997
- Signed
- 2024-10-31
Preparer
- Firm
- Dalle Accounting and Cash Management Inc
- Address
- 1400 SECOND AVE, WATERVLIET, NY 12189
- Preparer
- Daniel Lortie CPA
- Phone
- 5182709243
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 10
“Name: district managment assoc. Downtown address: 102 third street troy, ny 12180 cash contribution: 28,229”
Form 990-ez, Part I, Line 16
“Expenses computer software 2,028 nys filing fee 50 bank service fee 10 total 2,088”
Form 990-ez, Part II, Line 24
“Accounts receivable 6,500 0 due from related party 0 0 total 6,500 0”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 50 50 due to related party 33,286 14,215”
Form 990-ez, Part III
“The downtown troy business improvement district foundation, inc. Is a charitable organization created to be a catalyst for the downtown troy business improvement district, created as a means for donors to support the activities and promotion of events of the downtown troy business improvement district. The foundation oversees fundraising initiatives of the downtown troy business improvement district in the form of annual sponsorship, advertising agreements, project based funding and event sponsorship.”
Raw XML Appendix140 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | OLIVIA CLEMENTE |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 5182797997 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 102 3RD STREET |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | TROY |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 12180 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 36662 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 24374 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 31300 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 283 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 700 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 43162 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 24374 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 28229 |
| IRS990EZ/GrossReceiptsAmt | 0 | 31300 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 9826 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 10109 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 9826 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 10109 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | OLIVIA CLEMENTE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | MATT CALLAHAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | JEFF MIREL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | SARAH CACIOLA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | DAVID GARDELL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | EXECUTIVE DI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | VICE PRESIDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | TREASURER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 6500 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 2088 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE DOWNTOWN TROY BUSINESS IMPROVEMENT DISTRICT FOUNDATION, INC. IS A CHARITABLE ORGANIZATION CREATED TO BE A CATALYST FOR THE DOWNTOWN TROY BUSINESS IMPROVEMENT DISTRICT, CREATED AS A MEANS FOR DONORS TO SUPPORT THE ACTIVITIES AND PROMOTION OF EVENTS OF THE DOWNTOWN TROY BUSINESS IMPROVEMENT DISTRICT. THE FOUNDATION OVERSEES FUNDRAISING INITIATIVES OF THE DOWNTOWN TROY BUSINESS IMPROVEMENT DISTRICT IN THE FORM OF ANNUAL SPONSORSHIP, ADVERTISING AGREEMENTS, PROJECT BASED FUNDING AND EVENT SPONSORSHIP. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE FOUNDATION OVERSEES FUNDRAISING INITIATIVES OF THE DOWNTOWN TROY BUSINESS IMPROVEMENT DISTRICT IN THE FORM OF ANNUAL SPONSORSHIP, ADVERTISING AGREEMENTS, PROJECT BASED FUNDING, AND EVENT SPONSORSHIP. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 28229 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 28229 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | NY |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 33336 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 14265 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 31017 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 28229 |
| IRS990EZ/TotalRevenueAmt | 0 | 31300 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.DOWNTOWNTROY.ORG/FOUNDATION |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 31300 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 35000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 21117 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 20865 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 89295 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 197577 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 150 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 197577 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 31300 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 35000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 21117 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 20865 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 89295 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 197577 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 197577 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | NAME: DISTRICT MANAGMENT ASSOC. DOWNTOWN ADDRESS: 102 THIRD STREET TROY, NY 12180 CASH CONTRIBUTION: 28,229 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EXPENSES COMPUTER SOFTWARE 2,028 NYS FILING FEE 50 BANK SERVICE FEE 10 TOTAL 2,088 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACCOUNTS RECEIVABLE 6,500 0 DUE FROM RELATED PARTY 0 0 TOTAL 6,500 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 50 50 DUE TO RELATED PARTY 33,286 14,215 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE DOWNTOWN TROY BUSINESS IMPROVEMENT DISTRICT FOUNDATION, INC. IS A CHARITABLE ORGANIZATION CREATED TO BE A CATALYST FOR THE DOWNTOWN TROY BUSINESS IMPROVEMENT DISTRICT, CREATED AS A MEANS FOR DONORS TO SUPPORT THE ACTIVITIES AND PROMOTION OF EVENTS OF THE DOWNTOWN TROY BUSINESS IMPROVEMENT DISTRICT. THE FOUNDATION OVERSEES FUNDRAISING INITIATIVES OF THE DOWNTOWN TROY BUSINESS IMPROVEMENT DISTRICT IN THE FORM OF ANNUAL SPONSORSHIP, ADVERTISING AGREEMENTS, PROJECT BASED FUNDING AND EVENT SPONSORSHIP. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2024-10-15 13:58:12Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | OLIVIA CLEMENTE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5182797997 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-10-31 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | DOWNTOWN TROY BUSINESS IMPROVEMENT |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | DISTRICT FOUNDATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | DOWN |
| ReturnHeader/Filer/EIN | 0 | 812946188 |
| ReturnHeader/Filer/PhoneNum | 0 | 5182797997 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 102 THIRD STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | TROY |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 12180 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 204461647 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | DALLE ACCOUNTING AND CASH MANAGEMENT INC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1400 SECOND AVE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | WATERVLIET |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 12189 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5182709243 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-10-31 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | DANIEL LORTIE CPA |
| ReturnHeader/ReturnTs | 0 | 2024-11-14T13:54:29-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
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