Overview
What is Hub Third Avenue Merchants District?
Hub Third Avenue Merchants District is a nonprofit organization, formally known as Management Association Inc, situated in the Bronx, New York, specifically at 2825 Third Avenue, 3rd Floor. Their primary focus lies in enhancing the 149th Street 3rd Avenue section of the Bronx, New York, by providing various supplemental services. These services encompass maintenance, sanitation, holiday and seasonal decorations, local business promotion, and district capital improvement programs. Their mission revolves around ensuring sanitation and security services, fostering local business improvement, and encouraging local business growth in the district, thereby contributing to its overall development and betterment. The organization, with a team of 14 dedicated individuals, is actively engaged in these activities.
Official website here: www.thirdavenuebid.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Hub Third Avenue Merchants District received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 72%. This rating indicates that while the organization shows strong leadership and adaptability, particularly with a perfect score in that area, there are aspects of accountability and finance that require improvement, notably a lower program expense ratio of 56.63%.
The organization boasts 100% independent board members and a strong commitment to ethical practices, as evidenced by its comprehensive policies on conflicts of interest, whistleblowing, and document retention. Its mission is clearly articulated with a focus on economic development and community support, and there is a stated investment in leadership development, indicating a well-rounded approach to governance.
However, despite these strengths, the lower accountability score highlights potential concerns regarding financial management and program effectiveness. The organization has set strategic goals aimed at growth and service enhancement, but achieving these while ensuring improved financial transparency and program expense ratios will be essential for increased trust and support from the community.
This AI summary has been generated from information found on Charity Navigator.
Is Hub Third Avenue Merchants District legitimate?
Hub Third Avenue Merchants District is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hub Third Avenue Merchants District 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: $75,619
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.thirdavenuebid.org
What is the mission statement of Hub Third Avenue Merchants District?
The Hub Third Avenue Merchants District's mission encompasses three key areas: sanitation and security services, local business improvement, and fostering local business growth. This organization works towards maintaining a clean and secure environment, enhancing the overall appeal of local businesses, and promoting the growth of these businesses within its jurisdiction. They have entered into a contract with the NYC Department of Business Services to provide supplemental services, which include maintenance, sanitation, holiday and seasonal decorations, local business promotions, and district capital improvement programs.
Official website here: www.thirdavenuebid.org
Who is the CEO of Hub Third Avenue Merchants District?
Michael Brady is the Chairman of Hub Third Avenue Merchants District.
Official website here: www.thirdavenuebid.org
What is the revenue of Hub Third Avenue Merchants District?
Hub Third Avenue Merchants District's revenue in 2022 was $852,367.
Official website here: www.thirdavenuebid.org
Who are the executives of Hub Third Avenue Merchants District and what are their salaries?
The average compensation at Hub Third Avenue Merchants District during 2022 was $5,401. There are 14 employees at Hub Third Avenue Merchants District.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
Official website here: www.thirdavenuebid.org
Where can I find the form 990 for Hub Third Avenue Merchants District?
Hub Third Avenue Merchants District's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thirdavenuebid.org
Learn more at the official website: www.thirdavenuebid.org
Mission Statement of Hub Third Avenue Merchants District
Hub Third Avenue Merchants District is an organization dedicated to enhancing the local business environment. Its mission encompasses three key areas: sanitation and security services, local business improvement, and local business growth. The organization works towards maintaining cleanliness and ensuring safety in the designated area, thereby creating a conducive environment for businesses to thrive.
In addition to sanitation and security, Hub Third Avenue Merchants District is also involved in promoting local businesses and improving the district's infrastructure. This includes organizing promotional events, holiday and seasonal decorations, and capital improvement programs. The goal is to attract more customers to local businesses, thereby boosting their revenues and contributing to the overall economic development of the district.
In summary, Hub Third Avenue Merchants District is an active player in the local business community. It provides essential services, fosters business growth, and improves the district's overall appeal. By doing so, it contributes to the vitality and success of the local businesses, ultimately benefiting the community as a whole.
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Impact
August, 2024
Hub Third Avenue Merchants District has significantly impacted the Bronx neighborhood by providing crucial sanitation and security services, supporting local business improvement, and fostering local business growth. Through its partnership with the NYC Dept of Business Services, the organization has been able to enhance the overall environment in the 149th Street 3rd Avenue section of the Bronx, New York. Its initiatives include maintenance, sanitation efforts, holiday and seasonal decorations, local business promotion, and district capital improvement programs. By focusing on community improvement, Hub Third Avenue Merchants District plays a vital role in creating a more vibrant and prosperous local economy for residents and businesses alike.
This information is meant to be a general summary of Hub Third Avenue Merchants District. 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 2022.
- Investment Income: $81
- Gross Receipts: $852,367
Assets and Liabilities:
- Total Assets: $144,714
- Total Liabilities: $112,096
- Net Assets: $32,618
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Organization Details
Founding Year
1983
Phone
(718) 665-3983Principal Officer
Michael Brady
Main Address
2825 THIRD AVENUE 3RD FL, BRONX, NY, 10455
Website
www.thirdavenuebid.orgNTEE Category
Code: S30 - Community improvement
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