Overview
What is Bedford Stuyvesant Gateway District Management Association Inc?
Bedford Stuyvesant Gateway District Management Association Inc is a nonprofit organization situated in Brooklyn, New York, with its headquarters located at 1368 FULTON STREET 3RD FL. Their primary focus is on enhancing the vitality and economic growth of a Business Improvement District (BID) within New York City. They provide supplemental sanitation, public safety, streetscape improvement, and marketing services to property owners, businesses, and residents within this designated area. Specifically, their activities include maintaining clean streets, removing garbage, eradicating graffiti, and freshening up street fixtures. With a modest workforce of four individuals, the organization strives to improve the overall quality of life and promote the success of its community.
Official website here: www.thebedstuybid.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
Bedford Stuyvesant Gateway District Management Association Inc demonstrates strong financial accountability and transparency, reflected in its impressive 92% score. The organization has a fully independent board, with 100% of its members meeting independence criteria, and it maintains robust oversight through an audit and oversight committee. Additionally, its program expense ratio of 74.41% indicates a significant portion of resources is directed toward its mission-related activities.
While the organization excels in several areas, there is a notable limitation concerning its whistleblower policy, which is currently missing. This absence could indicate potential vulnerabilities in reporting unethical behavior or financial misconduct. However, their other governance practices, such as having documented board meeting minutes and a conflict of interest policy, showcase a commitment to good management practices.
Overall, the Bedford Stuyvesant Gateway District Management Association Inc stands out for its high level of accountability and transparent financial practices, making it a trustworthy option for potential donors and supporters, despite minor areas for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Bedford Stuyvesant Gateway District Management Association Inc legitimate?
Bedford Stuyvesant Gateway District Management Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bedford Stuyvesant Gateway 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: $205,126
For more financial information, click here
Official website here: www.thebedstuybid.org
What is the mission statement of Bedford Stuyvesant Gateway District Management Association Inc?
The Bedford Stuyvesant Gateway District Management Association Inc is an organization with a mission to foster the vitality and economic growth of a Business Improvement District situated in a city. This association provides supplemental services, including sanitation, public safety, streetscape improvement, and marketing, to benefit property owners, businesses, and residents within their designated area. Specifically, their sanitation efforts include maintaining clean streets, removing garbage, eradicating graffiti, and painting street fixtures.
Official website here: www.thebedstuybid.org
What is the revenue of Bedford Stuyvesant Gateway District Management Association Inc?
Bedford Stuyvesant Gateway District Management Association Inc's revenue in 2023 was $812,177.
Official website here: www.thebedstuybid.org
Who are the executives of Bedford Stuyvesant Gateway District Management Association Inc and what are their salaries?
The average compensation at Bedford Stuyvesant Gateway District Management Association Inc during 2023 was $51,282. There are 4 employees at Bedford Stuyvesant Gateway District Management Association Inc.
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Official website here: www.thebedstuybid.org
Where can I find the form 990 for Bedford Stuyvesant Gateway District Management Association Inc?
Bedford Stuyvesant Gateway District Management Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thebedstuybid.org
Learn more at the official website: www.thebedstuybid.org
Mission Statement of Bedford Stuyvesant Gateway District Management Association Inc
Bedford Stuyvesant Gateway District Management Association Inc is an organization with a mission to foster the vitality and economic growth of a Business Improvement District (BID) situated in New York City. In essence, this nonprofit provides supplementary services to property owners, businesses, and residents within this designated area. These services encompass sanitation, public safety, streetscape improvements, and marketing efforts.
In terms of sanitation, Bedford Stuyvesant Gateway District Management Association Inc is instrumental in maintaining clean streets and ensuring the removal of garbage. Additionally, they oversee the removal of graffiti and the painting of street fixtures to enhance the overall aesthetic of the area. By doing so, they contribute to the improvement of the district's environment, making it more appealing to both residents and visitors alike.
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Impact
October, 2024
Bedford Stuyvesant Gateway District Management Association Inc significantly enhances the vitality and economic growth of its business improvement district in Brooklyn, NY. By focusing on key services that include sanitation, public safety, streetscape improvement, and marketing, the organization strives to create a more attractive and supportive environment for businesses, property owners, and residents alike.
The commitment to maintaining clean streets through efficient garbage removal and graffiti eradication plays a crucial role in improving the neighborhood's overall appeal, making it a more inviting space for both locals and visitors. This attention to cleanliness fosters a sense of pride among residents and can drive increased foot traffic to local businesses.
Additionally, the organization's efforts in streetscape improvement not only beautify the area but also enhance the accessibility and usability of public spaces, encouraging community engagement and participation. By marketing the district and its offerings, they create awareness and promote local businesses, contributing to economic growth.
Through these multifaceted initiatives, Bedford Stuyvesant Gateway District Management Association Inc makes a lasting impact on the community, promoting a safer, cleaner, and more thriving environment.
This information is meant to be a general summary of Bedford Stuyvesant Gateway 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: $127
- Program Service Revenue: $675,000
- Gross Receipts: $812,177
Assets and Liabilities:
- Total Assets: $408,048
- Total Liabilities: $57,989
- Net Assets: $350,059
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TAX ASSESSMENT
Revenue
$675,000
Organization Details
Founding Year
2009
Principal Officer
Dale Charles
Website
www.thebedstuybid.orgNTEE Category
Code: B90 - Education
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