Civic Intelligence

Greenway Business Improvement District Corporation

EIN 83-1360746 • 501(c)6 • Boston, MA

Profile

The mission of the corporation is to (1) facilitate the maintenance, operations, and enhancements of the rose f. Kennedy greenway park (the "greenway") to ensure that the greenway is and remains a first-class park equitably accessible to a diverse range of boston residents and visitors, (2) to enhance and improve the overall experience for everyone who works or lives in the district or visits the greenway, (3) to develop attractive business conditions throughout the business improvement district, and (4) to preserve and enhance property values through the district.

33 Broad Street No 3rd FLBoston, MA 02109

abettercity.org/OUR-WORK/LAND-USE-AND-DEVELOPMENT

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

94th percentile

0.76x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

66th percentile

0.29x

Higher debt load relative to revenue than 66% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Net Margin

34th percentile

0.0%

Higher net margin than 34% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

30th percentile

$0

Higher top officer pay than 30% of similar nonprofits.

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

501(c)6 • $1M-$5M nonprofits • Source year 2025

Asset Growth

84th percentile

22%

Faster asset growth than 84% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

14th percentile

-10%

Faster revenue growth than 14% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$683,344

Up $123,798 (+22%) from 2024

Liabilities

Up

$521,412

Up $123,230 (+31%) from 2024

Net Assets

Up

$161,932

Up $568 (+0.4%) from 2024

Revenue

Down

$1,791,444

Down $200,221 (-10%) from 2024

Expenses

Down

$1,790,876

Down $192,425 (-9.7%) from 2024

Net Income

Down

$568

Down $7,796 (-93%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2019: $60,568Liabilities 2019: $0Net Assets 2019: $60,5682019Assets 2020: $231,055Liabilities 2020: $49,203Net Assets 2020: $181,8522020Assets 2021: $328,241Liabilities 2021: $178,038Net Assets 2021: $150,2032021Assets 2022: $340,274Liabilities 2022: $187,821Net Assets 2022: $152,4532022Assets 2023: $574,884Liabilities 2023: $421,884Net Assets 2023: $153,0002023Assets 2024: $559,546Liabilities 2024: $398,182Net Assets 2024: $161,3642024Assets 2025: $683,344Liabilities 2025: $521,412Net Assets 2025: $161,9322025

Highlighted filing

2025

Assets$683,344
Liabilities$521,412
Net Assets$161,932

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0Revenue 2019: $1,750,703Expenses 2019: $1,690,135Net Income 2019: $60,5682019Revenue 2020: $1,780,576Expenses 2020: $1,659,292Net Income 2020: $121,2842020Revenue 2021: $1,664,469Expenses 2021: $1,664,228Net Income 2021: $2412021Revenue 2022: $1,696,050Expenses 2022: $1,693,801Net Income 2022: $2,2492022Revenue 2023: $1,700,330Expenses 2023: $1,699,783Net Income 2023: $5472023Revenue 2024: $1,991,665Expenses 2024: $1,983,301Net Income 2024: $8,3642024Revenue 2025: $1,791,444Expenses 2025: $1,790,876Net Income 2025: $5682025

Highlighted filing

2025

Revenue$1,791,444
Expenses$1,790,876
Net Income$568

Filings

Latest Detailed Filing

The latest 2025 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 14, 2021
Return Version
2020v4.1
Gross Receipts
$1,664,469
Mission and Program Overview

Mission

The mission of the corporation is to (1) facilitate the maintenance, operations, and enhancements of the rose f. Kennedy greenway park (the "greenway") to ensure that the greenway is and remains a first-class park equitably accessible to a diverse range of boston residents and visitors, (2) to enhance and improve the overall experience for everyone who works or lives in the district or visits the greenway, (3) to develop attractive business conditions throughout the business improvement district, and (4) to preserve and enhance property values through the district.

Greenway bid facilitates the maintenance, operations, and enhancements of the rose f. Kennedy greenway park (the "greenway") to ensure that the greenway is and remains a first-class park equitably accessible to a diverse range of boston residents and visitors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$196,775$315,922▲ $119,147
Accounts Receivable$34,280$12,319▼ $21,961
Total Assets$231,055$328,241▲ $97,186
Liabilities
Other Liabilities$0$166,420▲ $166,420
Accounts Payable and Accrued Expenses$49,203$11,618▼ $37,585
Total Liabilities$49,203$178,038▲ $128,835
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$181,852$150,203▼ $31,649
Total Net Assets Fund Balance$181,852$150,203▼ $31,649
Total Liabilities and Net Assets / Fund Balance$231,055$328,241▲ $97,186
Compensation and Service Providers

Board Members and Trustees

NameTitle
Steve FaberChair
Richard DiminoPresident
David WilkinsonVice Chair
Don Chiafaro JrDirector
Jenny MorseDirector
Jim TierneyDirector
Marques BentonDirector
Ron DrukerDirector
Trina ChildsClerk
Jack ClarkTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,664,469
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$241

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,664,469
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$72,025
Total Revenue per Audited Statements
$1,736,494
Total Revenue per Form 990
$1,664,469
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,664,228
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$103,797-$103,797
Fees for Services Accounting-$20,294-$20,294
Insurance-$3,947-$3,947
Other Expenses$1,500,000$190-$190
Total Functional Expenses$1,500,000$164,228$0$1,664,228

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,736,253
Expenses per Audited Statements$1,664,228
Total Expenses per Form 990$1,664,228
Expenses Not Reported on Form 990$72,025
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Business Owners$166,420
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
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 B, Line 11B

The form 990 is reviewed and approved by the contract manager, the independent accounting consultant and the audit committee prior to filing.

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

Conflicts of interest are discussed at board meetings, if any.

Form 990, Part VI, Section C, Line 19

All governing documents and financial statements are available to the public at the organization's office.

Filing and Contact Details

Filer

Filer Name
Greenway Business Improvement District
EIN
83-1360746
Phone
6175026240
Address
33 BROAD STREET NO 3RD FL, BOSTON, MA 02109

Signing Officer

Name
Jack Clark
Title
Treasurer
Phone
6175026240
Signed
2021-10-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jack Clark
Formed
2018
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Gray Gray & Gray Llp
Address
150 ROYALL STREET SUITE 102, CANTON, MA 02021
Preparer
Michael L Cecere
Phone
7814070300
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The finance committee is responsible for the oversight of the audit. The board of directors is responsible for the selection of an independent accountant. The oversight process and selection process have not changed during the year.

Financial Statement Notes

PART X, LINE 2:

The organization is required to recognize the financial statement impact of a tax position unless it is more likely than not that the position will be sustained upon examination. Based on the evaluation of the organization's tax positions, management believes all positions taken would be upheld under an examination. Therefore, no provision for the effects of uncertain tax positions has been recorded for the period ended june 30, 2021.

Raw XML AppendixShowing 400 of 411 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.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt034797
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt02500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RICHARD DIMINO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0444965
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED AND APPROVED BY THE CONTRACT MANAGER, THE INDEPENDENT ACCOUNTING CONSULTANT AND THE AUDIT COMMITTEE PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICTS OF INTEREST ARE DISCUSSED AT BOARD MEETINGS, IF ANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT THE ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FINANCE COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT. THE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE OVERSIGHT PROCESS AND SELECTION PROCESS HAVE NOT CHANGED DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0A BETTER CITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1A BETTER CITY INITIATIVE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0043036987
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1562605048
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501 (C) (6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501 (C) (3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROMOTES ECONOMIC GROWTH TO ENHANCE QUALITY OF LIFE IN GREATER BOSTON REGION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1PROMOTES ECONOMIC GROWTH TO ENHANCE QUALITY OF LIFE IN GREATER BOSTON REGION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt012B, 11
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt033 BROAD STREET 3RD FLOOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt133 BROAD STREET 3RD FLOOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BOSTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1BOSTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002109
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd102109
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt075116
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0A BETTER CITY INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0231055
IRS990/TotalAssetsEOYAmt0328241
IRS990/TotalAssetsGrp/BOYAmt0231055
IRS990/TotalAssetsGrp/EOYAmt0328241
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0164228
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01500000
IRS990/TotalFunctionalExpensesGrp/TotalAmt01664228
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt049203
IRS990/TotalLiabilitiesEOYAmt0178038
IRS990/TotalLiabilitiesGrp/BOYAmt049203
IRS990/TotalLiabilitiesGrp/EOYAmt0178038
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0181852
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0150203
IRS990/TotalOtherCompensationAmt034797
IRS990/TotalProgramServiceExpensesAmt01500000
IRS990/TotalProgramServiceRevenueAmt01664469
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01664469
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01664469
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0231055
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0328241
IRS990/TotReportableCompRltdOrgAmt0410168
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt033 BROAD STREET
IRS990/USAddress/CityNm0BOSTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002109
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0ABETTERCITY.ORG/OUR-WORK/LAND-USE-AND-DEVELOPMENT
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JACK CLARK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06175026240
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GREENWAY BUSINESS IMPROVEMENT DISTRICT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0GREE
ReturnHeader/Filer/EIN0831360746
ReturnHeader/Filer/PhoneNum06175026240
ReturnHeader/Filer/USAddress/AddressLine1Txt033 BROAD STREET NO 3RD FL
ReturnHeader/Filer/USAddress/CityNm0BOSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002109
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042088368
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GRAY GRAY & GRAY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0150 ROYALL STREET SUITE 102
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CANTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA

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