Overview
What is Kings Highway District Management?
The Kings Highway District Management Association is a nonprofit organization dedicated to strengthening the business sector within its community. They offer expert traffic engineering consultations and reports for the region under their improvement district's purview. To further enrich the community, they implement programs such as holiday lighting and decorations, contributing to a festive atmosphere and boosting local morale. The association's primary objective is to promote commercial growth and development within the district.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 59% (One-Star out of Four Stars)
Kings Highway District Management has received a 59% rating, which translates to a One-Star designation. The overall score reflects a focus on a single beacon score, primarily concerning Accountability & Finance. While the organization excels in having a fully independent board and shows no material diversion of assets, there are significant areas for improvement, particularly in governance practices.
Strengths noted include the board's composition, with all 12 members being independent, and a commendable liabilities to assets ratio of 41.70%. Additionally, the organization has demonstrated a commitment to transparency with a conflict of interest policy in place. However, the absence of a whistleblower policy, document retention guidelines, and meeting minutes significantly impact its overall score.
Moreover, the program expense ratio stands at only 55.52%, indicating that a larger portion of funds may not be directed towards its core programs. This, combined with the missing documentation on key governance practices, raises questions about the organization's operational effectiveness and commitment to best practices in nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is Kings Highway District Management legitimate?
Kings Highway District Management is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kings Highway District Management submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $83,782
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,862
For more financial information, click here
What is the mission statement of Kings Highway District Management?
The Kings Highway District Management Association is dedicated to advancing business within the community. In this role, they also produce traffic engineering reports for the designated area. One of their key initiatives is to decorate the district with holiday lighting and decorations to enhance its appeal. Essentially, their mission is to support and boost local businesses while ensuring the area's infrastructure is safe and appealing.
Who is the CEO of Kings Highway District Management?
Lawrence Zilberman is the Manager of Kings Highway District Management.
What is the revenue of Kings Highway District Management?
Kings Highway District Management's revenue in 2023 was $470,234.
Who are the executives of Kings Highway District Management and what are their salaries?
The average compensation at Kings Highway District Management during 2023 was $48,822. There are 2 employees at Kings Highway District Management.
Here are 3 key members and their salaries:
- Compensation: $83,782
- Related: $0
- Other: $0
- Compensation: $13,862
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Kings Highway District Management?
Kings Highway District Management's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Kings Highway District Management
The Kings Highway District Management, as an organization, is committed to fostering business growth within its community. Its primary mission involves promoting commercial activities and offering consulting services in the field of traffic engineering for the area under its jurisdiction. In addition to this, the association takes on the responsibility of enhancing the aesthetics of the community during festive seasons by providing holiday lighting and decorations. This multifaceted approach not only stimulates economic growth within the community but also contributes to a more visually appealing environment for its residents.
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Impact
July, 2024
Kings Highway District Management's impact lies in their commitment to promoting business within the community of Brooklyn, NY. By actively engaging in consulting and preparing traffic engineering reports for the covered area, the association plays a vital role in enhancing the local environment for businesses. Additionally, their programs, such as providing holiday lighting and decorations, contribute to creating a more inviting and festive atmosphere that benefits both residents and business owners. Through these efforts, Kings Highway District Management Association fosters economic growth and community engagement in the region.
This information is meant to be a general summary of Kings Highway District Management. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Gross Receipts: $470,234
Assets and Liabilities:
- Total Assets: $277,134
- Total Liabilities: $115,565
- Net Assets: $161,569
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Organization Details
Founding Year
1982
Principal Officer
Lawrence Zilberman
Main Address
905 KINGS HIGHWAY, Brooklyn, NY, 11223
NTEE Category
Code: S30 - Community improvement
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