Overview
What is Hudson Square District Management Association Incorporated?
Hudson Square District Management Association Incorporated is a nonprofit organization situated in New York City, specifically at 180 Varick Street, 422. Their primary mission is to foster the vitality and economic growth of a Business Improvement District within the city. To achieve this, they provide ongoing services to enhance pedestrian safety and maintain all physical improvements implemented on public land. Their activities focus on improving traffic management and safety, streetscape design, and marketing, with the ultimate goal of boosting the overall economic improvement of the Hudson Square District. As of the provided information, the association employs 11 individuals.
Official website here: www.hudsonsquarebid.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating
Hudson Square District Management Association Incorporated has received an 81% rating from Charity Navigator, indicating a solid performance in its accountability and finance practices. This high score reflects the nonprofit's commitment to transparency and responsible management, with an impressive 96% of its board members being independent, ensuring a diverse and unbiased governance structure.
The organization excels in several key areas, such as having a robust oversight committee and comprehensive conflict of interest and whistleblower policies. These elements not only enhance the operational integrity of the organization but also foster trust among donors and stakeholders. Furthermore, the program expense ratio stands at 87.68%, showcasing that the majority of its funds are directed towards its mission-driven programs.
However, while the financial aspects are commendable, the rating is based solely on the accountability and finance beacon, which may limit the overall assessment of the organization's impact and effectiveness in program delivery. Therefore, potential donors and supporters might want to look for additional information regarding its programmatic achievements and community outcomes to gain a more complete picture of the nonprofit's work.
This AI summary has been generated from information found on Charity Navigator.
Is Hudson Square District Management Association Incorporated legitimate?
Hudson Square District Management Association Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hudson Square District Management Association Incorporated 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: $497,738
Professional Fundraising Fees: $0
Other Salaries and Wages: $440,340
For more financial information, click here
Official website here: www.hudsonsquarebid.org
What is the mission statement of Hudson Square District Management Association Incorporated?
The Hudson Square District Management Association Incorporated is dedicated to enhancing the vitality and economic growth of a Business Improvement District. Their mission is to contribute to the overall improvement of the district by focusing on traffic management, safety, and streetscape design. Additionally, they engage in marketing efforts to promote the district. In terms of operations, they provide ongoing services to improve pedestrian safety conditions and maintain all physical improvements implemented by the association on public land.
Official website here: www.hudsonsquarebid.org
Who is the CEO of Hudson Square District Management Association Incorporated?
Samara Karasyk is the Chair of Hudson Square District Management Association Incorporated.
Official website here: www.hudsonsquarebid.org
What is the revenue of Hudson Square District Management Association Incorporated?
Hudson Square District Management Association Incorporated's revenue in 2022 was $3,272,080.
Official website here: www.hudsonsquarebid.org
Who are the executives of Hudson Square District Management Association Incorporated and what are their salaries?
The average compensation at Hudson Square District Management Association Incorporated during 2022 was $85,280. There are 11 employees and 22 volunteers at Hudson Square District Management Association Incorporated.
Here are 28 key members and their salaries:
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- Other: $16,582
Official website here: www.hudsonsquarebid.org
Where can I find the form 990 for Hudson Square District Management Association Incorporated?
Hudson Square District Management Association Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hudsonsquarebid.org
Learn more at the official website: www.hudsonsquarebid.org
Mission Statement of Hudson Square District Management Association Incorporated
Hudson Square District Management Association Incorporated is dedicated to enhancing the prosperity and economic growth of a Business Improvement District. Their mission is to contribute to the overall improvement of the Hudson Square District by focusing on aspects such as traffic management, safety, streetscape design, and marketing. The association aims to achieve this by providing ongoing services to enhance pedestrian safety conditions and maintain all physical improvements implemented on public land. By doing so, Hudson Square District Management Association Incorporated aims to contribute to the overall vitality and attractiveness of the district.
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Impact
October, 2024
Hudson Square District Management Association Incorporated significantly enhances the vitality and economic growth of the Hudson Square business improvement district in New York City. Through its ongoing public realm operations, it focuses on improving pedestrian safety and maintaining physical enhancements on public land. This commitment to enhancing traffic management and safety, along with thoughtful streetscape design, contributes to a more attractive and accessible environment for both residents and visitors. Additionally, the organization plays a crucial role in marketing the district, fostering a vibrant community atmosphere that supports local businesses and encourages economic development. Overall, its efforts directly impact the quality of life in Hudson Square, making it a more enjoyable and safer place to live, work, and visit.
This information is meant to be a general summary of Hudson Square District Management Association Incorporated. 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: $2,820
- Program Service Revenue: $3,218,260
- Gross Receipts: $3,272,080
Assets and Liabilities:
- Total Assets: $9,955,797
- Total Liabilities: $16,242,679
- Net Assets: -$6,286,882
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BID TAX ASSESSMENT
Revenue
$3,200,000
PROGRAM SERVICE INCOME
Revenue
$18,260
Organization Details
Founding Year
2009
Phone
(212) 463-9160Principal Officer
Samara Karasyk
Main Address
180 VARICK STREET 422, NEW YORK, NY, 10014
Website
www.hudsonsquarebid.orgNTEE Category
Code: S20 - Community improvement
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