Overview
What is Downtown Brooklyn Partnership Inc?
Downtown Brooklyn Partnership Inc is a nonprofit organization situated in Brooklyn, New York, specifically at 1 METROTECH CENTER NORTH 1003. Their primary mission is to foster economic growth and enhance the overall quality of life in the downtown Brooklyn area. By implementing various redevelopment projects and administering programs and services, they aim to transform this district into a thriving mixed-use commercial, cultural, academic, and residential center. The organization's workforce consists of approximately 40 dedicated individuals, contributing to the improvement of local business conditions and local community engagement.
Official website here: www.downtownbrooklyn.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Downtown Brooklyn Partnership Inc has achieved an impressive 92% rating on Charity Navigator, indicating strong performance in accountability and finance. This high score is primarily derived from its rigorous adherence to financial management and transparency standards, showcasing the organization’s commitment to responsible stewardship of its resources.
One of the standout strengths of the Downtown Brooklyn Partnership is its governance, with 97% of board members being independent. This independence contributes to sound decision-making and enhances the integrity of the organization. Additionally, the organization has demonstrated excellence in audit oversight and has no reported material diversion of assets, emphasizing its reliability and trustworthiness.
However, while the organization excels in accountability, no specific feedback on program effectiveness or community impact is noted in the data. Future evaluations could benefit from incorporating measures of program outcomes to provide a more holistic view of its overall effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Downtown Brooklyn Partnership Inc legitimate?
Downtown Brooklyn Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Brooklyn Partnership 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: $668,762
Professional Fundraising Fees: $0
Other Salaries and Wages: $501,998
For more financial information, click here
Official website here: www.downtownbrooklyn.com
What is the mission statement of Downtown Brooklyn Partnership Inc?
Downtown Brooklyn Partnership Inc is an economic development organization with a mission to enhance the status of a diverse urban center, encompassing commercial, cultural, academic, and residential sectors. This is achieved through the implementation of various redevelopment projects and the administration of programs and services that foster economic growth, enhance local business conditions, and improve the overall quality of life. By executing these initiatives, the organization aims to transform the area into a vibrant and thriving mixed-use hub.
Official website here: www.downtownbrooklyn.com
Who is the CEO of Downtown Brooklyn Partnership Inc?
Regina Myer is the Co-Chair of Downtown Brooklyn Partnership Inc.
Official website here: www.downtownbrooklyn.com
What is the revenue of Downtown Brooklyn Partnership Inc?
Downtown Brooklyn Partnership Inc's revenue in 2022 was $2,460,291.
Official website here: www.downtownbrooklyn.com
Who are the executives of Downtown Brooklyn Partnership Inc and what are their salaries?
The average compensation at Downtown Brooklyn Partnership Inc during 2022 was $29,269. There are 40 employees and 65 volunteers at Downtown Brooklyn Partnership Inc.
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Official website here: www.downtownbrooklyn.com
Where can I find the form 990 for Downtown Brooklyn Partnership Inc?
Downtown Brooklyn Partnership Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.downtownbrooklyn.com
Learn more at the official website: www.downtownbrooklyn.com
Mission Statement of Downtown Brooklyn Partnership Inc
Downtown Brooklyn Partnership Inc, an economic development organization, aims to enhance the position of Downtown Brooklyn as a dynamic mixed-used commercial, cultural, academic, and residential center. To achieve this, the organization implements a series of redevelopment projects and administers programs and services that foster economic growth and enhance local business conditions and quality of life. By doing so, Downtown Brooklyn Partnership Inc aims to create a vibrant and thriving community that attracts both residents and businesses. The organization's mission is focused on improving the economic landscape of Downtown Brooklyn, ensuring a balanced mix of commercial, residential, and cultural activities that contribute to the overall well-being of the community.
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Impact
October, 2024
Downtown Brooklyn Partnership Inc significantly enhances the local economy and community through its focused redevelopment initiatives and programs. By spearheading a series of revitalization projects, it transforms Downtown Brooklyn into a vibrant mixed-use hub that accommodates commercial, cultural, academic, and residential activities.
The organization effectively promotes economic growth by improving business conditions, which attracts new enterprises and supports existing ones. Its efforts lead to increased foot traffic, enhanced local services, and a more robust community infrastructure, directly benefiting residents and visitors alike. Additionally, the Partnership's commitment to improving the overall quality of life in Downtown Brooklyn fosters a sense of community and belonging, making the area a more desirable place to live, work, and play. Through innovative programs and strategic planning, Downtown Brooklyn Partnership Inc plays a crucial role in the ongoing development and vitality of the region.
This information is meant to be a general summary of Downtown Brooklyn Partnership 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: $36
- Program Service Revenue: $976,057
- Gross Receipts: $2,460,291
Assets and Liabilities:
- Total Assets: $7,012,900
- Total Liabilities: $310,834
- Net Assets: $6,702,066
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE INCOME
Revenue
$976,057
Organization Details
Founding Year
2006
Phone
(718) 403-1600Principal Officer
Regina Myer
Main Address
1 METROTECH CENTER NORTH 1003, BROOKLYN, NY, 11201
Website
www.downtownbrooklyn.comNTEE Category
Code: S20 - Community improvement
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