Overview
What is Steinway Street District Management Association?
The Steinway Street District Management Association is a nonprofit organization situated in Astoria, New York, specifically at 25-69 38th Street. Their primary role is to enhance the local area, particularly the Steinway Street Business Improvement District, by offering supplementary municipal services. These services encompass sanitation, security, holiday decoration, and promotion, aiming to improve the district's overall appearance and safety. By doing so, the association contributes to the district's vitality and attractiveness for both residents and businesses.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star rating)
The Steinway Street District Management Association has achieved a commendable 90% rating on Charity Navigator, indicating strong performance in Accountability and Finance. This high score reflects a commitment to transparency and effective use of resources, as evidenced by their 100% independent board and robust financial oversight mechanisms.
The organization demonstrates excellent governance practices, with all board members being independent and a well-structured audit and oversight committee in place. Their financial health is notable, with a low liabilities to assets ratio of 4.22% and a strong program expense ratio of nearly 75%, highlighting their focus on programmatic expenditures rather than administrative costs.
While the financials are impressive, the data does not provide insights into the specific programs or services offered by the organization, which could help potential donors better understand its impact. Nonetheless, the strong accountability metrics suggest that the Steinway Street District Management Association is responsibly managing its resources to serve its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Steinway Street District Management Association legitimate?
Steinway Street District Management Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Steinway Street District Management Association 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.
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What is the mission statement of Steinway Street District Management Association?
The Steinway Street District Management Association's mission is to enhance the Steinway Street Business Improvement District by offering additional municipal services. These services include ensuring cleanliness through sanitation, ensuring safety with a security service, and contributing to the festive atmosphere during holidays through decoration and promotion. The association's primary objective is to enhance the overall experience and appeal of the business district.
Who is the CEO of Steinway Street District Management Association?
Marie Torniali is the Director of Steinway Street District Management Association.
What is the revenue of Steinway Street District Management Association?
Steinway Street District Management Association's revenue in 2023 was $579,543.
Who are the executives of Steinway Street District Management Association and what are their salaries?
Here are 14 key members and their salaries:
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Where can I find the form 990 for Steinway Street District Management Association?
Steinway Street District Management Association's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Steinway Street District Management Association
The Steinway Street District Management Association, in its mission, aims to augment the services provided by the municipal government within its designated Business Improvement District. This nonprofit organization is instrumental in enhancing the quality of life in the area by offering supplemental services such as sanitation, security, and holiday decoration promotion. The association's role is crucial in maintaining the cleanliness and safety of the district, thereby contributing to its overall appeal and attractiveness for businesses and residents alike.
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Impact
July, 2024
The Steinway Street District Management Association plays a crucial role in enhancing the overall quality of the Steinway Street Business Improvement District in Astoria, NY. By providing supplemental municipal services such as sanitation, security, holiday decoration, and promotion, the association contributes to a cleaner, safer, and more attractive environment for businesses and residents in the area. Through its efforts, the association positively impacts the community, fosters economic growth, and strengthens the sense of pride and belonging among stakeholders in the district.
This information is meant to be a general summary of Steinway Street District Management Association. 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.
- Investment Income: $2,102
- Program Service Revenue: $7,441
- Gross Receipts: $579,543
Assets and Liabilities:
- Total Assets: $368,972
- Total Liabilities: $15,593
- Net Assets: $353,379
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Street fair
Revenue
$7,441
Organization Details
Founding Year
1983
Principal Officer
Marie Torniali
Main Address
25-69 38th Street, Astoria, NY, 11103
NTEE Category
Code: S20Z - Community improvement
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