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Hackettstown Business Improvement

Hackettstown Bid

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 202535990 ✦ Hackettstown, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Hackettstown Business Improvement?

Hackettstown Business Improvement, known as Hackettstown BID, is a nonprofit organization situated in Hackettstown, New Jersey. Their mission is to operate a Business Improvement District (BID) and function as a District Management Corporation under the New Jersey District Management Act of 1984. Their primary goal is to drive economic revitalization and enhance the overall well-being of the commercial area by fostering business opportunities, boosting property values, and enhancing the environment for residents, shoppers, and visitors. To accomplish this, Hackettstown BID organizes various programs throughout the year to promote community involvement and business within the improvement district, mobilizing both public and private resources to achieve these objectives. The organization has a team of three dedicated individuals working towards these aims.


Official website here: www.hackettstownbid.com

What do the Facebook reviews say about Hackettstown Business Improvement?

84% of 40 reviewers on Facebook recommend Hackettstown Business Improvement District. Here is a summary of their reviews:

Many users express their appreciation for the efforts of the Hackettstown BID in enhancing the local community, although there is some confusion about its mission that could be addressed through clearer communication. One reviewer highlighted the need for better explanations of what the organization offers, suggesting that improved marketing may help individuals understand the services more effectively.

Overall, while there are some mixed feelings about the awareness and understanding of the BID's initiatives, the majority of the reviews reflect a supportive sentiment towards the organization's efforts to improve the town. Many seem hopeful for better outreach and engagement in the future.


This AI summary has been generated from reviews found on Facebook.

Is Hackettstown Business Improvement legitimate?

Hackettstown Business Improvement is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hackettstown Business Improvement 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: $77,885
Professional Fundraising Fees: $0
Other Salaries and Wages: $52,780

For more financial information, click here


Official website here: www.hackettstownbid.com

What is the mission statement of Hackettstown Business Improvement?

Hackettstown Business Improvement operates as a District Management Corporation under the New Jersey District Management Act of 1984. Its primary mission is to revitalize the commercial area economically and improve its general welfare. This is achieved by promoting self-help mechanisms, enabling relevant interests to expand business opportunities, increase sales, enhance property values, and improve the environment for residents, shoppers, and visitors. The organization also mobilizes public and private resources to facilitate these objectives.


Official website here: www.hackettstownbid.com

Who is the CEO of Hackettstown Business Improvement?

Kathi Homenick is the President of Hackettstown Business Improvement.


Official website here: www.hackettstownbid.com

What is the revenue of Hackettstown Business Improvement?

Hackettstown Business Improvement's revenue in 2022 was $259,803.


Official website here: www.hackettstownbid.com

Who are the executives of Hackettstown Business Improvement and what are their salaries?

The average compensation at Hackettstown Business Improvement during 2022 was $43,555. There are 3 employees and 50 volunteers at Hackettstown Business Improvement.


Here are 15 key members and their salaries:


Kathi Homenick (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Capano (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Fisher (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Denise Magurie (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laurie Rapisardi (Executive Di)
  • Compensation: $77,885
  • Related: $0
  • Other: $0
Jerry Dimaio (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Dimiceli (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mattew Engelau (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Len Kunz (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Monica Lemperle (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Helene Nguyen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruno Pasquale (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Schiano (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Trusio (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Dimaria (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hackettstownbid.com

Where can I find the form 990 for Hackettstown Business Improvement?

Hackettstown Business Improvement's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.hackettstownbid.com

Learn more at the official website: www.hackettstownbid.com

Mission Statement of Hackettstown Business Improvement

Hackettstown Business Improvement, as a District Management Corporation, operates under the New Jersey District Management Act of 1984. Its primary mission is to revitalize the commercial area and enhance the general welfare of the residents, shoppers, and visitors. The organization serves as a self-help mechanism, enabling relevant interests to expand business opportunities, boost sales, improve property values, and enhance the environment. By mobilizing both public and private resources, Hackettstown Business Improvement strives to foster economic development and create an appealing environment for everyone within the district.

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Impact




October, 2024

Hackettstown Business Improvement significantly enhances the local economy and community by operating a Business Improvement District that fosters economic revitalization and improves the commercial environment. By implementing programs focused on promoting community involvement and supporting local businesses, it creates opportunities for growth, sales expansion, and increased property values.

The organization serves as a self-help mechanism for local stakeholders, facilitating collaboration among business owners, residents, and visitors to elevate the appeal and functionality of the commercial area. Through targeted initiatives, Hackettstown Business Improvement mobilizes both public and private resources, ensuring that the needs of the community are addressed and met.

Overall, its impact is evident in the revitalized commercial landscape, increased community engagement, and a welcoming environment that attracts shoppers and visitors, ultimately enriching the quality of life in Hackettstown, NJ.




This information is meant to be a general summary of Hackettstown Business Improvement. 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.

Revenue
$259,803 (2022)
Expenses
$309,115 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $37
  • Program Service Revenue: $21,767
  • Gross Receipts: $259,803

Assets and Liabilities:

  • Total Assets: $64,874
  • Total Liabilities: $0
  • Net Assets: $64,874

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAMS & EVENTS

Revenue

$21,767

Organization Details

Founding Year

2004

Principal Officer

Kathi Homenick

Main Address

219 MAIN STREET, HACKETTSTOWN, NJ, 07840

NTEE Category

Code: P99 - Human services

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