Overview
What is Belmont District Management Association?
The Belmont District Management Association, based in Bronx, New York, is a nonprofit organization with a primary focus on promoting and enhancing the economic wellbeing of its business community and the wider neighborhood. Their strategies involve projecting the Little Italy in the Bronx brand, celebrating its rich ethnic heritage, and showcasing leadership in the culinary marketplace. They achieve this by leveraging the community's mercantile, social, political, and cultural assets. Their core activities encompass sanitation, security, marketing and promotion, cultural programming, and streetscape improvements. With a dedicated team of two individuals, they strive to uplift the community's economic growth and vitality.
Official website here: www.bronxlittleitaly.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Belmont District Management Association has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. With a score of 96% in these categories, the organization exemplifies transparency and sound financial management practices.
Strengths of the organization include a fully independent board, with all 15 members meeting the requirement for independence. They have also scored perfectly on several governance policies, including conflict of interest and whistleblower policies, which demonstrate their ethical standards. Additionally, the program expense ratio stands at an impressive 79.76%, indicating a robust commitment to funding their programs effectively.
Despite these strengths, there are no noted limitations regarding their financial practices or governance based on the available data. The organization maintains a positive standing within its operational framework, suggesting that it is well-managed and dedicated to serving its mission responsibly.
This AI summary has been generated from information found on Charity Navigator.
Is Belmont District Management Association legitimate?
Belmont District Management Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Belmont District Management Association 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: $88,093
Professional Fundraising Fees: $0
Other Salaries and Wages: $60,099
For more financial information, click here
Official website here: www.bronxlittleitaly.com
What is the mission statement of Belmont District Management Association?
The Belmont District Management Association's mission is to enhance the economic well-being of its business community and the wider community. This is achieved by promoting the Little Italy in the Bronx brand, showcasing the area's rich ethnic heritage, and leading in the culinary marketplace. The association leverages the local mercantile, social, political, and cultural assets to achieve these objectives. Their focus areas include sanitation, security, marketing and promotion, cultural programming, and streetscape improvements.
In practical terms, the Belmont DMA's marketing and promotion services aim to boost the economic growth of the business community and the community at large. They achieve this by promoting the unique Little Italy in the Bronx brand, celebrating its strong ethnic heritage, and showcasing its leadership in the culinary marketplace. The association utilizes the community's mercantile, social, political, and cultural assets to achieve these goals.
The Belmont DMA's focus areas include maintaining cleanliness and safety, promoting the area, organizing cultural events, and improving the physical appearance of the district. Their mission is to contribute positively to the economic growth and community development.
Official website here: www.bronxlittleitaly.com
Who is the CEO of Belmont District Management Association?
Alyssa Tucker is the Executive Director of Belmont District Management Association.
Official website here: www.bronxlittleitaly.com
What is the revenue of Belmont District Management Association?
Belmont District Management Association's revenue in 2023 was $710,655.
Official website here: www.bronxlittleitaly.com
Who are the executives of Belmont District Management Association and what are their salaries?
The average compensation at Belmont District Management Association during 2023 was $74,096. There are 2 employees and 15 volunteers at Belmont District Management Association.
Here are 16 key members and their salaries:
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Official website here: www.bronxlittleitaly.com
Where can I find the form 990 for Belmont District Management Association?
Belmont District Management Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bronxlittleitaly.com
Learn more at the official website: www.bronxlittleitaly.com
Mission Statement of Belmont District Management Association
Belmont District Management Association, often referred to as Belmont DMA, is dedicated to advancing the economic prosperity of both the business community and the larger community at large. They achieve this objective by showcasing and enhancing the Little Italy in the Bronx brand, embodying strong ethnic heritage, and leading in the culinary marketplace. By leveraging the commercial, social, political, and cultural assets within and surrounding the community, Belmont DMA strives to promote and expand the economic well-being of the area.
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Impact
July, 2024
Belmont District Management Association plays a significant role in promoting the economic wellbeing of the business community and the overall community in the Bronx. By focusing on areas such as sanitation, security, marketing and promotion, cultural programming, and streetscape improvements, Belmont DMA works towards enhancing the vibrancy and attractiveness of the Little Italy in the Bronx brand. Their efforts not only benefit the local businesses but also bring attention to the strong ethnic heritage and leadership in the culinary marketplace of the area. Through leveraging the various assets within and around the community, Belmont DMA contributes to the overall improvement and development of the neighborhood, making it a more desirable place for both residents and visitors.
This information is meant to be a general summary of Belmont District Management Association. 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: $1,271
- Program Service Revenue: $497,844
- Gross Receipts: $710,655
Assets and Liabilities:
- Total Assets: $901,315
- Total Liabilities: $383,734
- Net Assets: $517,581
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BID ASSESSMENTS
Revenue
$440,000
PROGRAM SERVICE REVENUE
Revenue
$57,844
Organization Details
Founding Year
2008
Phone
(718) 294-8259Principal Officer
Alyssa Tucker
Main Address
PO BOX 580-203, BRONX, NY, 10458
Website
www.bronxlittleitaly.comNTEE Category
Code: S20 - Community improvement
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