Overview
What is Metrotech Area District Management Assoc?
Metrotech Area District Management Assoc, situated in Brooklyn, New York, is a nonprofit organization dedicated to enhancing public safety in its Business Improvement District (BID) within New York City. They achieve this by employing uniformed guards and collaborating with the New York City Police Department. The organization's primary mission is to foster the vitality and economic growth of the BID, providing supplemental sanitation, public safety, streetscape improvements, visitor information, and commercial support services to property owners, businesses, and residents. The association has a workforce of approximately 20 individuals committed to ensuring the well-being and prosperity of the district.
Official website here: www.downtownbrooklyn.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star Rating)
The Metrotech Area District Management Association has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization scores 92% overall, with its score derived entirely from the Accountability & Finance beacon. This strong performance reflects its commitment to transparency and effective management of resources, essential factors for donor confidence and support.
Strengths highlighted include a fully independent board, which consists of 28 members, and rigorous financial oversight, evidenced by a solid audit and oversight committee. The association has no indications of asset diversion and has implemented comprehensive policies, such as conflict of interest and whistleblower policies, enhancing its governance framework. The high program expense ratio of 81.65% indicates that a significant portion of its funds is directed towards its charitable programs, signaling effective use of donations.
While the organization demonstrates robust financial practices and transparent governance, potential limitations are not mentioned in the data provided. However, the focus on accountability implies a strong emphasis on maintaining these standards moving forward, ensuring continued trust from stakeholders and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Metrotech Area District Management Assoc legitimate?
Metrotech Area District Management Assoc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Metrotech Area District Management Assoc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,479,203
For more financial information, click here
Official website here: www.downtownbrooklyn.com
What is the mission statement of Metrotech Area District Management Assoc?
The Metrotech Area District Management Association's mission is centered around enhancing the vitality and economic growth of a Business Improvement District (BID). In accomplishing this, the organization offers supplemental services such as enhanced sanitation, public safety, streetscape improvements, visitor information, and commercial support to property owners, businesses, and residents within the designated BID area. To ensure public safety, they employ a combination of uniformed guards and maintain a collaborative relationship with the local police department.
Official website here: www.downtownbrooklyn.com
Who is the CEO of Metrotech Area District Management Assoc?
Regina Myer is the Chair of Metrotech Area District Management Assoc.
Official website here: www.downtownbrooklyn.com
What is the revenue of Metrotech Area District Management Assoc?
Metrotech Area District Management Assoc's revenue in 2022 was $4,983,765.
Official website here: www.downtownbrooklyn.com
Who are the executives of Metrotech Area District Management Assoc and what are their salaries?
The average compensation at Metrotech Area District Management Assoc during 2022 was $73,960. There are 20 employees and 28 volunteers at Metrotech Area District Management Assoc.
Here are 31 key members and their salaries:
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- Related: $446,907
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- Other: $12,467
Official website here: www.downtownbrooklyn.com
Where can I find the form 990 for Metrotech Area District Management Assoc?
Metrotech Area District Management Assoc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.downtownbrooklyn.com
Learn more at the official website: www.downtownbrooklyn.com
Mission Statement of Metrotech Area District Management Assoc
Metrotech Area District Management Assoc, a nonprofit organization, is dedicated to fostering the vitality and economic growth of a Business Improvement District situated in New York City. In pursuit of this mission, the organization provides a range of supplemental services to property owners, businesses, and residents within the district. These services encompass enhanced sanitation, public safety, streetscape improvements, visitor information, and commercial support.
In particular, Metrotech Area District Management Assoc ensures public safety through a combination of measures. They deploy uniformed guards and maintain a collaborative partnership with the New York City Police Department. This dual approach not only provides an increased sense of security but also strengthens the relationship between the community and law enforcement. This proactive approach to public safety is a cornerstone of Metrotech Area District Management Assoc's mission to improve the overall well-being and growth of the Business Improvement District.
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Impact
August, 2024
Metrotech Area District Management Assoc's impact is evident in its efforts to promote the vitality and economic growth of a business improvement district in NYC, specifically in Brooklyn, NY. The organization plays a crucial role in enhancing public safety by providing increased security through uniformed guards and maintaining a working relationship with the New York City Police Department. Additionally, Metrotech Area District Management Assoc offers supplemental sanitation, streetscape improvements, visitor information, and commercial support services to property owners, businesses, and residents within the designated area. Overall, the organization's focus on community improvement has a direct and positive impact on the overall well-being and prosperity of the district.
This information is meant to be a general summary of Metrotech Area District Management Assoc. 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: $231
- Program Service Revenue: $4,913,954
- Gross Receipts: $4,983,765
Assets and Liabilities:
- Total Assets: $4,723,053
- Total Liabilities: $1,626,760
- Net Assets: $3,096,293
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TAX ASSESSMENT
Revenue
$4,881,313
PROMOTIONAL AND OTHER
Revenue
$16,350
PUBLIC PLAZA EVENTS
Revenue
$10,037
PROGRAMMING FEES
Revenue
$6,254
Organization Details
Founding Year
1990
Phone
(718) 403-1600Principal Officer
Regina Myer
Main Address
1 METROTECH CENTER NORTH 1003, BROOKLYN, NY, 11201
Website
www.downtownbrooklyn.comNTEE Category
Code: S300 - Community improvement
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