Overview
What is Park Slope Fifth Avenue District Management Association Inc?
Park Slope Fifth Avenue District Management Association Inc is a nonprofit organization located at 157 13th Street, Brooklyn, NY 11215. They are dedicated to enhancing the business and environmental conditions in the Park Slope Fifth Avenue area, contributing to the overall welfare of both businesses and the community. Their primary mission is to foster economic growth within the designated business improvement district by improving the neighborhood's conditions and environment. With a team of just two employees, they work tirelessly to achieve their objectives, ultimately benefiting the businesses and people residing in this area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Score: 69%, Two-Star out of Four Star rating)
The Park Slope Fifth Avenue District Management Association Inc has received a "Needs Improvement" rating from Charity Navigator, indicating significant areas for growth despite strong performance in financial accountability. The organization has achieved a perfect score in accountability and finance but lacks independent board members, which raises concerns about governance and oversight.
While their program expense ratio is commendable at 72.15%, demonstrating a commitment to programmatic spending, other aspects of their operations reveal deficiencies. They earned low scores in various governance practices, including having no independent board members and failing to provide essential documents such as board meeting minutes and tax forms on their website.
Overall, while the organization shows strength in financial management, the lack of independent oversight and transparency may hinder its effectiveness and public trust. Addressing these governance issues could lead to a more favorable evaluation in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Park Slope Fifth Avenue District Management Association Inc legitimate?
Park Slope Fifth Avenue District Management Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Park Slope Fifth Avenue District Management Association 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $221,035
For more financial information, click here
What is the mission statement of Park Slope Fifth Avenue District Management Association Inc?
The Park Slope Fifth Avenue District Management Association Inc is committed to enhancing the economic growth and well-being of the businesses within its designated district. This is achieved by focusing on improving neighborhood conditions and the overall business environment. The organization's primary goal is to contribute to the general welfare of the businesses and community members in this area, working towards a more prosperous and vibrant community.
Who is the CEO of Park Slope Fifth Avenue District Management Association Inc?
Erika Clark is the President of Park Slope Fifth Avenue District Management Association Inc.
What is the revenue of Park Slope Fifth Avenue District Management Association Inc?
Park Slope Fifth Avenue District Management Association Inc's revenue in 2023 was $741,905.
Who are the executives of Park Slope Fifth Avenue District Management Association Inc and what are their salaries?
The average compensation at Park Slope Fifth Avenue District Management Association Inc during 2023 was $110,518. There are 2 employees at Park Slope Fifth Avenue District Management Association Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Park Slope Fifth Avenue District Management Association Inc?
Park Slope Fifth Avenue District Management Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Park Slope Fifth Avenue District Management Association Inc
The Park Slope Fifth Avenue District Management Association Inc is committed to fostering the economic prosperity and overall well-being of the businesses within its designated Business Improvement District (BID). By prioritizing the enhancement of neighborhood conditions and the business environment, this nonprofit organization seeks to contribute positively to the welfare of both the local businesses and the community as a whole. The association's mission is to serve as a catalyst for improvement, working tirelessly to create a thriving and attractive business environment that benefits both the businesses and the people in the Park Slope Fifth Avenue area.
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Impact
October, 2024
Park Slope Fifth Avenue District Management Association Inc significantly impacts the local economy and community by fostering a vibrant business environment. Its initiatives focus on enhancing neighborhood conditions, which in turn attracts more visitors and customers to the area. By promoting economic growth for businesses in the Park Slope Fifth Avenue district, the organization helps enhance the visibility and viability of local shops and services.
The association works to improve both the atmosphere and physical conditions of the neighborhood, supporting public welfare and quality of life for residents and visitors alike. These efforts contribute to a more cohesive community where businesses thrive, which can lead to increased job opportunities and economic stability. Overall, the organization's dedication to improving the business landscape not only benefits individual enterprises but also enriches the broader Park Slope area, making it a desirable place for both commerce and living.
This information is meant to be a general summary of Park Slope Fifth Avenue District Management Association 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 2023.
- Investment Income: $9
- Gross Receipts: $741,905
Assets and Liabilities:
- Total Assets: $196,572
- Total Liabilities: $19,173
- Net Assets: $177,399
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Organization Details
Phone
(718) 369-0300Principal Officer
Erika Clark
Main Address
THE YARD 157 13TH STREET, BROOKLYN, NY, 11215
NTEE Category
Code: W99 - Public benefit
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