Overview
What is Special Improvement District Borough Of Red Bank Inc Red Bank Rivercenter?
Special Improvement District Borough Of Red Bank Inc, commonly known as Red Bank Rivercenter, is a nonprofit organization situated in Red Bank, New Jersey. With a team of eight dedicated individuals, their primary mission is to foster a prosperous economic environment within the downtown area. They accomplish this through various programs, including business recruitment, marketing, and promotional events. In addition, they manage capital projects and provide business assistance. To achieve these goals, they engage with local authorities, realtors, building owners, and business owners to connect potential entrepreneurs with suitable opportunities. Despite the challenges posed by the pandemic, Red Bank Rivercenter has continued to support new businesses, offering valuable information and guidance on navigating rapidly changing restrictions and available aid. Furthermore, they collaborate with local authorities to facilitate outdoor expansion for restaurants and retailers, ensuring they can operate safely and effectively.
Official website here: www.redbank.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
The Special Improvement District Borough of Red Bank Inc Red Bank Rivercenter has earned a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The overall score reflects a strong commitment to transparency, with a perfect score in several accountability metrics, including independent board membership and adherence to conflict of interest policies.
The organization excels in maintaining an independent board, which consists of 100% independent members. Additionally, it demonstrates effective financial oversight with no material diversion of assets reported. The public availability of financial documents, along with a clear whistleblower policy and comprehensive document retention practices, further enhances its credibility among stakeholders.
While the organization showcases strong financial management, it is essential to continually monitor its program expenses and overall impact to ensure that funds are utilized effectively for its mission. Overall, Red Bank Rivercenter shows a commendable commitment to ethical practices and transparency in its operations.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Special Improvement District Borough Of Red Bank Inc Red Bank Rivercenter?
92% of 19 reviewers on Facebook recommend the Red Bank RiverCenter. Here's a summary of their insights:
The organization has been praised for its effective management of local events and its role in promoting the town of Red Bank. Many find their communications and postings invaluable, noting that they keep the community informed about happenings and activities. Reviewers expressed gratitude for the efforts of Red Bank RiverCenter, emphasizing their impactful presence in enhancing local engagement and community spirit. Overall, the sentiment indicates a strong appreciation for the services and activities provided.
This AI summary has been generated from reviews found on Facebook.
Is Special Improvement District Borough Of Red Bank Inc Red Bank Rivercenter legitimate?
Special Improvement District Borough Of Red Bank Inc Red Bank Rivercenter is a legitimate nonprofit organization registered as a 501(c)(3) entity. Special Improvement District Borough Of Red Bank Inc Red Bank Rivercenter 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: $65,618
Professional Fundraising Fees: $0
Other Salaries and Wages: $126,016
For more financial information, click here
Official website here: www.redbank.org
What is the mission statement of Special Improvement District Borough Of Red Bank Inc Red Bank Rivercenter?
The Special Improvement District Borough of Red Bank Inc, operating under the name Red Bank Rivercenter, has a mission to foster a prosperous economic environment within its business district. To achieve this, the organization implements initiatives in business recruitment, marketing, promotions, design, development management, and capital improvement. By engaging in these activities, Red Bank Rivercenter aims to attract and retain businesses, promote the district, and oversee capital projects, thereby contributing to the overall growth and vitality of the business district.
Official website here: www.redbank.org
Who is the CEO of Special Improvement District Borough Of Red Bank Inc Red Bank Rivercenter?
Stephen Catania is the Exec. Director of Special Improvement District Borough Of Red Bank Inc Red Bank Rivercenter.
Official website here: www.redbank.org
What is the revenue of Special Improvement District Borough Of Red Bank Inc Red Bank Rivercenter?
Special Improvement District Borough Of Red Bank Inc Red Bank Rivercenter's revenue in 2021 was $734,645.
Official website here: www.redbank.org
Who are the executives of Special Improvement District Borough Of Red Bank Inc Red Bank Rivercenter and what are their salaries?
The average compensation at Special Improvement District Borough Of Red Bank Inc Red Bank Rivercenter during 2021 was $23,954. There are 8 employees at Special Improvement District Borough Of Red Bank Inc Red Bank Rivercenter.
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Official website here: www.redbank.org
Where can I find the form 990 for Special Improvement District Borough Of Red Bank Inc Red Bank Rivercenter?
Special Improvement District Borough Of Red Bank Inc Red Bank Rivercenter's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.redbank.org
Learn more at the official website: www.redbank.org
Mission Statement of Special Improvement District Borough Of Red Bank Inc Red Bank Rivercenter
Special Improvement District Borough Of Red Bank Inc Red Bank Rivercenter, with its mission-driven approach, aims to foster and promote a prosperous economic landscape in the downtown district. The organization executes this mission through various programs, primarily focusing on business recruitment, marketing, and promotions, design, development management, and capital improvement. By employing these strategies, Red Bank Rivercenter seeks to attract and retain businesses, thereby bolstering the economic vitality of the downtown area. The organization's efforts are multifaceted, involving active engagement with local realtors, building owners, and business owners, as well as providing essential information about business operations and available aid during challenging times. During periods of restriction, such as the pandemic, Red Bank Rivercenter collaborates with local authorities to facilitate outdoor expansions for restaurants and retailers, ensuring they can continue their trade while adhering to safety regulations.
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Impact
October, 2024
The Special Improvement District Borough Of Red Bank Inc, known as Red Bank RiverCenter, plays a pivotal role in enhancing the economic vitality and overall appeal of downtown Red Bank. By focusing on business recruitment and retention, RiverCenter actively connects prospective businesses with local stakeholders, fostering a vibrant entrepreneurial ecosystem.
In response to the challenges posed by the pandemic, RiverCenter has adapted its strategies by providing timely information about health regulations and available financial aid, ensuring that businesses can navigate difficult times. Additionally, the organization has facilitated outdoor expansions for restaurants and retailers, allowing them to continue serving customers safely and effectively while maximizing their operational capacity.
Promotional events organized by RiverCenter not only draw visitors to the district but also support local businesses by increasing foot traffic and community engagement. Their commitment to capital improvement projects further enhances the infrastructure and aesthetic appeal of the downtown area, making it an attractive destination for both residents and visitors.
Overall, RiverCenter's multifaceted approach—ranging from business support to community initiatives—cultivates a thriving economic environment, contributing to the resilience and vibrancy of downtown Red Bank.
This information is meant to be a general summary of Special Improvement District Borough Of Red Bank Inc Red Bank Rivercenter. 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 2021.
- Investment Income: $420
- Program Service Revenue: $643,529
- Gross Receipts: $819,959
Assets and Liabilities:
- Total Assets: $535,503
- Total Liabilities: $617,911
- Net Assets: -$82,408
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Programs & events
Revenue
$78,559
Red Bank assessment
Revenue
$564,970
Organization Details
Founding Year
1991
Phone
(732) 842-4244Principal Officer
Stephen Catania
Main Address
140 Broad Street 2, Red Bank, NJ, 07701
Website
www.redbank.orgNTEE Category
Code: S300 - Community improvement
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