Overview
What is Central District Management Association?
The Central District Management Association is a nonprofit organization situated in Albany, New York. Its primary mission is to revitalize the Central Avenue Business District. To accomplish this, they engage in economic development by recruiting and supporting businesses, offering assistance and guidance. Furthermore, they address crime and safety concerns within the district through a daily cleaning program as part of their safety and maintenance initiative. This program aims to enhance property and merchant conditions, ultimately contributing to the overall vitality of the Central Avenue Business District.
Official website here: www.centralbid.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Central District Management Association has received an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization excels in its governance practices, with a fully independent board and comprehensive policies in place. These factors contribute to a robust oversight environment, which is a significant strength for maintaining transparency and trust.
Financially, the organization demonstrates a solid program expense ratio at 78.02%, indicating that a substantial portion of its resources are directed towards its mission-driven programs. Additionally, the lack of any material diversion of assets enhances its credibility. The organization’s fiscal management appears sound, although the liabilities to assets ratio at 55.89% suggests there may be some financial obligations to monitor closely.
Overall, the Central District Management Association's rating signifies a well-managed nonprofit that prioritizes accountability and effective financial stewardship. While it shows strong performance metrics, stakeholders may want to consider the implications of its liabilities in future assessments.
This AI summary has been generated from information found on Charity Navigator.
Is Central District Management Association legitimate?
Central District Management Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central District Management Association 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: $120,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $131,640
For more financial information, click here
Official website here: www.centralbid.com
What is the mission statement of Central District Management Association?
The Central District Management Association is committed to restoring the viability of its business district. This is achieved through its corridor development program, which involves attracting and supporting economic growth. Furthermore, the association addresses crime and safety concerns related to property and merchants by operating a daily cleaning program as part of its safety and maintenance program. The association is dedicated to enhancing the overall well-being and success of its business district.
Official website here: www.centralbid.com
Who is the CEO of Central District Management Association?
Anthony Capece is the Board Chair of Central District Management Association.
Official website here: www.centralbid.com
What is the revenue of Central District Management Association?
Central District Management Association's revenue in 2022 was $713,635.
Official website here: www.centralbid.com
Who are the executives of Central District Management Association and what are their salaries?
The average compensation at Central District Management Association during 2022 was $25,164. There are 10 employees and 14 volunteers at Central District Management Association.
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Official website here: www.centralbid.com
Where can I find the form 990 for Central District Management Association?
Central District Management Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.centralbid.com
Learn more at the official website: www.centralbid.com
Mission Statement of Central District Management Association
The Central District Management Association, in its mission, strives to revitalize the Central Avenue Business District. This nonprofit organization achieves this goal through its corridor development program, which entails attracting and aiding businesses in their growth within the district. Furthermore, the Central District Management Association addresses crime and safety concerns related to both property and merchants by implementing a daily cleaning program as part of its safety and maintenance program.
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Impact
October, 2024
The Central District Management Association significantly impacts the Central Avenue Business District by revitalizing its economic landscape and enhancing community safety. Through its corridor development program, the organization actively recruits new businesses and supports existing ones, fostering economic growth and sustainability.
Additionally, the daily cleaning program plays a crucial role in maintaining the area's attractiveness and safety, addressing concerns related to crime and property upkeep. This holistic approach not only improves the physical environment but also boosts merchant confidence and community pride. Overall, the Association's efforts contribute to a more vibrant, safe, and economically viable Central Avenue, benefiting both businesses and residents in Albany, NY.
This information is meant to be a general summary of Central District Management Association. 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: $1,577
- Program Service Revenue: $20,882
- Gross Receipts: $713,635
Assets and Liabilities:
- Total Assets: $3,183,103
- Total Liabilities: $1,779,102
- Net Assets: $1,404,001
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$18,590
MISCELLANEOUS REVENUE
Revenue
$2,292
Organization Details
Founding Year
1998
Phone
(518) 462-4300Principal Officer
Anthony Capece
Main Address
176 CENTRAL AVE, ALBANY, NY, 12206
Website
www.centralbid.comNTEE Category
Code: S20 - Community improvement
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