Overview
What is Alliance For Downtown New York Inc?
The Alliance for Downtown New York Inc is a New York City-based nonprofit organization committed to enhancing Lower Manhattan as a leading 21st-century business district. Through its services, advocacy, research, and information provision, the Alliance aims to foster a thriving environment for businesses, residents, and tourists alike. Notably, it offers a free circulator bus service to the Lower Manhattan and Battery Park City communities. The organization's efforts extend to improving public spaces and managing expenses totaling $1,660,163, while generating a revenue of $632,000. Its headquarters remains an integral part of the Lower Manhattan community.
Official website here: www.downtownny.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Alliance For Downtown New York Inc has achieved an impressive Four-Star rating on Charity Navigator, reflecting a strong commitment to accountability and financial health. This high score is derived solely from a comprehensive assessment of its financial practices, indicating a robust organizational framework with no reported material diversion of assets.
Strengths of the organization include a fully independent board of directors, which ensures unbiased governance, and a solid fiscal management with a program expense ratio of over 91%, highlighting the efficient allocation of resources toward its mission. Additionally, the presence of thorough oversight mechanisms such as an audit and oversight committee and documented policies for conflict of interest and whistleblowing further underscore the organization's integrity and transparency.
There are no significant limitations noted in the data, suggesting that the Alliance For Downtown New York Inc maintains exemplary standards in its operations and financial practices. This positions the organization as a trustworthy entity in its domain, promising effective use of donor contributions for its initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Alliance For Downtown New York Inc legitimate?
Alliance For Downtown New York Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alliance For Downtown New York Inc 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: $1,299,081
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,688,002
For more financial information, click here
Official website here: www.downtownny.com
What is the mission statement of Alliance For Downtown New York Inc?
The Alliance For Downtown New York Inc is dedicated to promoting Lower Manhattan as a leading 21st century central business district. By offering service, advocacy, research, and information, this organization aims to attract businesses, residents, and visitors alike. The Alliance provides a free circulator bus service and focuses on improving public spaces. Its mission is to advance the area as a global model for urban development and growth. The organization's expenses total $1,660,163, with revenue amounting to $632,000.
Official website here: www.downtownny.com
What is the revenue of Alliance For Downtown New York Inc?
Alliance For Downtown New York Inc's revenue in 2023 was $23,731,187.
Official website here: www.downtownny.com
Who are the executives of Alliance For Downtown New York Inc and what are their salaries?
There 43 volunteers at Alliance For Downtown New York Inc.
Here are 52 key members and their salaries:
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- Other: $8,302
Official website here: www.downtownny.com
Where can I find the form 990 for Alliance For Downtown New York Inc?
Alliance For Downtown New York Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.downtownny.com
Learn more at the official website: www.downtownny.com
Mission Statement of Alliance For Downtown New York Inc
The Alliance for Downtown New York Inc is devoted to enhancing Lower Manhattan as a leading model of a 21st-century central business district. This mission encompasses providing businesses, residents, and visitors with essential services, advocacy, research, and information. The organization's primary goals include advancing Lower Manhattan as a thriving global business hub and improving its overall appeal.
To achieve this objective, the Alliance for Downtown New York Inc offers a free circulator bus service within the Lower Manhattan and Battery Park City communities. This initiative promotes seamless transportation, making it easier for people to navigate the area and conduct their daily activities. In addition to transportation services, the organization focuses on public space beautification and enhancement to create an inviting ambiance.
The Alliance for Downtown New York Inc's operations extend beyond the practical aspects of urban development. It is dedicated to research and information dissemination, ensuring that Lower Manhattan remains at the forefront of contemporary central business districts. Despite its significant expenses amounting to $1,660,163, the organization's revenue stands at $632,000, reflecting its commitment to its mission. The Alliance for Downtown New York Inc's headquarters is located in New York City, positioning it at the heart of the bustling district it serves.
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Impact
October, 2024
Alliance For Downtown New York Inc. significantly enhances the vitality of Lower Manhattan, positioning it as a leading model for a modern urban central business district. Through comprehensive services, advocacy, research, and information dissemination, it fosters a vibrant environment for businesses, residents, and visitors alike.
One crucial contribution is the free circulator bus service, which facilitates transportation within Lower Manhattan and Battery Park City, promoting accessibility and encouraging foot traffic in the area. Additionally, the organization's focus on public space beautification and enhancement contributes to a more aesthetically pleasing urban landscape, making the community more attractive to tourists and potential residents.
By investing in essential services and infrastructure, Alliance For Downtown New York actively supports community improvement, economic development, and a thriving urban environment that benefits all stakeholders.
This information is meant to be a general summary of Alliance For Downtown New York Inc. 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: $608,371
- Program Service Revenue: $22,327,399
- Gross Receipts: $23,731,187
Assets and Liabilities:
- Total Assets: $21,977,509
- Total Liabilities: $2,718,306
- Net Assets: $19,259,203
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESSMENT
Revenue
$20,400,000
CONTRACT SERVICES
Revenue
$1,783,066
PROGRAM SERVICES
Revenue
$144,333
Organization Details
Founding Year
1994
Phone
(212) 566-6700Principal Officer
Jessica Lappin
Main Address
120 BROADWAY 3340, NEW YORK, NY, 10271
Website
www.downtownny.comNTEE Category
Code: S99Z - Community improvement
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