Overview
What is Downtown Albany Restoration Program Inc?
Downtown Albany Restoration Program Inc, based at 21 Lodge Street 1st Floor, Albany, NY 12207, is a nonprofit organization dedicated to revitalizing and enhancing the downtown area of Albany, New York. Their primary focus is on creating and implementing special events, programming, and maintaining a public relations campaign. This strategic approach aims to promote and preserve the unique character and vitality of the capital city, thereby improving the quality of life for its residents, workers, and visitors. The organization, with a team of six dedicated individuals, strives to elevate the overall image of downtown Albany, ensuring it remains a desirable and thriving community.
Official website here: www.downtownalbany.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%
The Downtown Albany Restoration Program Inc has achieved a Four-Star out of Four Star rating from Charity Navigator, reflecting its outstanding commitment to accountability and financial health. The organization scored perfectly on all metrics in the Accountability & Finance beacon, indicating a strong emphasis on transparency and responsible governance. This high rating signifies the charity's reliability and efficiency in managing resources, which is critical for donor confidence.
Strengths of the organization include a fully independent board and robust financial oversight measures. With 100% independent board members and a significant focus on accountability practices, the program demonstrates a commitment to ethical stewardship of funds. Additionally, the charity maintains a low liabilities-to-assets ratio along with a high program expense ratio, ensuring that the majority of its financial resources are directed towards its mission-driven initiatives.
While the data does not highlight any limitations, the organization's strong governance practices and financial integrity are key factors that contribute to its success. Overall, the Downtown Albany Restoration Program Inc stands out as a well-managed nonprofit that prioritizes its mission while maintaining transparency and accountability to its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Downtown Albany Restoration Program Inc legitimate?
Downtown Albany Restoration Program Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Albany Restoration Program 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: $125,577
Professional Fundraising Fees: $0
Other Salaries and Wages: $343,507
For more financial information, click here
Official website here: www.downtownalbany.org
What is the mission statement of Downtown Albany Restoration Program Inc?
The mission of Downtown Albany Restoration Program Inc, in essence, is to revitalize and enhance the charm of downtown Albany. This organization strives to boost the vitality of the area, aiming to enhance the quality of life and overall appeal for its residents, workers, and visitors. To accomplish this, they undertake marketing initiatives, such as planning and executing special events, developing programming, and managing a public relations campaign. The ultimate goal is to transform the downtown area into a more vibrant and attractive destination.
Official website here: www.downtownalbany.org
Who is the CEO of Downtown Albany Restoration Program Inc?
Frank O'Connor is the President of Downtown Albany Restoration Program Inc.
Official website here: www.downtownalbany.org
What is the revenue of Downtown Albany Restoration Program Inc?
Downtown Albany Restoration Program Inc's revenue in 2022 was $969,875.
Official website here: www.downtownalbany.org
Who are the executives of Downtown Albany Restoration Program Inc and what are their salaries?
The average compensation at Downtown Albany Restoration Program Inc during 2022 was $78,181. There are 6 employees and 37 volunteers at Downtown Albany Restoration Program Inc.
Here are 19 key members and their salaries:
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Official website here: www.downtownalbany.org
Where can I find the form 990 for Downtown Albany Restoration Program Inc?
Downtown Albany Restoration Program Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.downtownalbany.org
Learn more at the official website: www.downtownalbany.org
Mission Statement of Downtown Albany Restoration Program Inc
Downtown Albany Restoration Program Inc is dedicated to restoring, promoting, and preserving the unique character and vitality of downtown Albany. Their mission is to enhance the quality of life and overall image for the residents, workers, and visitors of the Capital City. To achieve this, the organization implements special events and programming, and maintains a public relations campaign. By focusing on these activities, Downtown Albany Restoration Program Inc aims to revitalize the downtown area and create a more appealing and inviting environment for all its stakeholders.
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Impact
October, 2024
Downtown Albany Restoration Program Inc has significantly contributed to the revitalization of downtown Albany by enhancing its character and viability. Through a variety of initiatives, this organization focuses on creating and implementing special events and programs that draw residents and visitors alike. These activities not only promote engagement but also foster a sense of community, enriching the overall experience for those living or working in the area.
The program’s commitment to public relations further elevates downtown Albany’s image, spotlighting its unique attributes and offerings. As a result, the quality of life for residents has improved, making the area more attractive for both businesses and tourists. By prioritizing community improvement, Downtown Albany Restoration Program Inc plays a crucial role in building a vibrant and welcoming environment that benefits everyone in the Capital City.
This information is meant to be a general summary of Downtown Albany Restoration Program 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 2022.
- Investment Income: $2,177
- Gross Receipts: $969,875
Assets and Liabilities:
- Total Assets: $1,112,914
- Total Liabilities: $128,151
- Net Assets: $984,763
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Organization Details
Founding Year
1996
Phone
(518) 465-2143Principal Officer
Frank O'Connor
Main Address
21 LODGE STREET 1ST FLOOR, ALBANY, NY, 12207
Website
www.downtownalbany.orgNTEE Category
Code: S20Z - Community improvement
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