Overview
What is Lower East Side District Management?
Lower East Side District Management, operating as the Lower East Side District Management Association, Inc., is a nonprofit organization situated in New York City, specifically at 88 Essex Street second floor STE OF, New York, NY 10002. Their primary mission is to boost the distinctive and varied charm of the Lower East Side area in Manhattan, aiming to enhance the overall quality of life and foster the sustained growth and prosperity of the local economy. They accomplish this by coordinating a business improvement district and providing additional services, such as marketing, sanitation, and public space/asset management support. The organization has a team of eight dedicated employees working towards this goal.
Official website here: www.lowereastside.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 96%
Lower East Side District Management has achieved an impressive Four-Star out of Four Star rating on Charity Navigator, demonstrating exceptional accountability and financial management. This high score reflects a strong commitment to responsible governance, as evidenced by its perfect score in areas such as independent board member composition, financial oversight, and comprehensive policies related to conflict of interest and whistleblower protections.
The organization has maintained a solid program expense ratio of 76.83%, indicating that a significant portion of its budget is allocated directly to its programs and services. This focus on programmatic impact is further supported by their effective financial health, highlighted by a low liabilities to assets ratio of 18.05%, which suggests a stable financial position.
While the organization excels in governance and financial accountability, no specific user feedback or programmatic impact reviews were mentioned in the data. This lack of qualitative feedback may be a limitation for potential donors and stakeholders seeking insights into the organization's community impact and effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Lower East Side District Management legitimate?
Lower East Side District Management is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lower East Side 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: $212,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $525,425
For more financial information, click here
Official website here: www.lowereastside.org
What is the mission statement of Lower East Side District Management?
The mission of Lower East Side District Management is centered around enhancing the distinctive and vibrant character of a specific area, aiming to improve its overall quality of life. Their primary objective is to support the continued growth and vitality of the local economy. To achieve this, they coordinate a business improvement district and provide additional services such as marketing, sanitation, and public space management. Their activities are geared towards maintaining the area's unique charm while promoting its economic growth.
Official website here: www.lowereastside.org
Who is the CEO of Lower East Side District Management?
Timothy Laughlin is the President of Lower East Side District Management.
Official website here: www.lowereastside.org
What is the revenue of Lower East Side District Management?
Lower East Side District Management's revenue in 2022 was $1,374,724.
Official website here: www.lowereastside.org
Who are the executives of Lower East Side District Management and what are their salaries?
The average compensation at Lower East Side District Management during 2022 was $92,241. There are 8 employees at Lower East Side District Management.
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Official website here: www.lowereastside.org
Where can I find the form 990 for Lower East Side District Management?
Lower East Side District Management's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lowereastside.org
Learn more at the official website: www.lowereastside.org
Mission Statement of Lower East Side District Management
Lower East Side District Management, a notable organization, is committed to enhancing the distinctive and diverse character of Manhattan's Lower East Side area. Their mission is twofold: firstly, to enhance the overall quality of life in the region, and secondly, to support the continued growth and vitality of the local economy. By coordinating a business improvement district and offering supplemental services, this association aims to contribute to the preservation and enrichment of the Lower East Side's distinctive charm and economic prosperity.
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Impact
October, 2024
The Lower East Side District Management plays a crucial role in enhancing the unique character and vitality of this historic Manhattan neighborhood. By focusing on improving the overall quality of life, it provides essential services that support local businesses and strengthen the community.
Key initiatives include marketing efforts that promote local enterprises, sanitation services that ensure public spaces are clean and welcoming, and asset management support that optimizes the use of public resources. These program elements contribute not only to the aesthetic appeal of the area but also to a thriving local economy, encouraging both residents and visitors to engage with the diverse offerings of the Lower East Side.
Through these strategic enhancements, the Lower East Side District Management fosters a dynamic environment that respects the neighborhood's rich cultural heritage while promoting its continued growth and vitality. This holistic approach not only benefits local businesses but also enriches the overall experience for community members and visitors alike.
This information is meant to be a general summary of Lower East Side 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 2022.
- Investment Income: -$204,840
- Gross Receipts: $1,588,450
Assets and Liabilities:
- Total Assets: $1,954,253
- Total Liabilities: $136,036
- Net Assets: $1,818,217
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Organization Details
Founding Year
1992
Principal Officer
Timothy Laughlin
Main Address
88 Essex Street second floor STE OF, New York, NY, 10002
Website
www.lowereastside.orgNTEE Category
Code: S31Z - Community improvement
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