Overview
What is Hartford Business Improvement District?
The Hartford Business Improvement District is a specialized service district situated in Hartford, Connecticut, specifically on Pratt Street. Its primary focus is on maintaining clean streets, ensuring public safety, and marketing the district to enhance its economic vitality and overall quality of life. This nonprofit organization collaborates with various entities such as the mayor's office, police department, public works department, and over 100 property owners and other organizations within the district to accomplish its mission. Their efforts result in creating a safer, cleaner, and more attractive environment for employees, visitors, and residents frequenting the district. With a small team of dedicated individuals, the Hartford Business Improvement District works tirelessly to contribute positively to the community's development.
Official website here: www.hartfordbid.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
The Hartford Business Improvement District has achieved a solid Three-Star rating with an overall score of 88%, indicating a strong level of accountability and financial health. The organization boasts a fully independent board with 100% of its members meeting this criterion, which is a strong point reflecting governance integrity. Additionally, the financial statements are thoroughly audited, and there are no reported diversions of assets, further enhancing the organization's credibility.
However, there are some critical areas for improvement. The organization lacks a whistleblower policy and a document retention policy, which are important for promoting transparency and ethical practices. Furthermore, the absence of the tax form on its website may hinder stakeholders from accessing vital information about its financial operations.
Overall, while the Hartford Business Improvement District shows strong financial management and governance practices, addressing these gaps in policy documentation could significantly enhance its accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Hartford Business Improvement District legitimate?
Hartford Business Improvement District is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hartford Business Improvement District 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: $140,568
Professional Fundraising Fees: $0
Other Salaries and Wages: $203,739
For more financial information, click here
Official website here: www.hartfordbid.com
What is the mission statement of Hartford Business Improvement District?
The Hartford Business Improvement District is a specialized entity focused on enhancing the economic vitality and quality of life within its jurisdiction. Its mission is to bring about positive and lasting changes by collaborating with various local entities, such as the mayor's office, police department, public works department, and over 100 property owners and organizations within the district. Through initiatives, the Hartford Business Improvement District aims to create a safer, cleaner, and more appealing environment for employees, visitors, and residents frequenting the district. This, in turn, contributes to the overall well-being and attractiveness of the area.
Official website here: www.hartfordbid.com
What is the revenue of Hartford Business Improvement District?
Hartford Business Improvement District's revenue in 2024 was $1,405,734.
Official website here: www.hartfordbid.com
Who are the executives of Hartford Business Improvement District and what are their salaries?
The average compensation at Hartford Business Improvement District during 2024 was $86,077. There are 4 employees and 24 volunteers at Hartford Business Improvement District.
Here are 25 key members and their salaries:
- Compensation: $110,927
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- Other: $24,105
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Official website here: www.hartfordbid.com
Where can I find the form 990 for Hartford Business Improvement District?
Hartford Business Improvement District's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.hartfordbid.com
Learn more at the official website: www.hartfordbid.com
Mission Statement of Hartford Business Improvement District
The Hartford Business Improvement District, a specialized service district, aims to catalyze significant and lasting improvements within its jurisdiction. By collaborating closely with the Mayor's Office, Police Department, Public Works Department, and over 100 property owners and other organizations within the district, this organization strives to enhance the economic vitality and overall quality of life. Through various initiatives, Hartford Business Improvement District works tirelessly to create a safer, cleaner, and more alluring environment that caters to employees, visitors, and residents who frequent the district. The ultimate goal is to foster a sense of pride and community within the district, thereby attracting more businesses and individuals, thereby stimulating economic growth.
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Impact
July, 2024
The Hartford Business Improvement District has had a significant impact on the economic vitality and quality of life within downtown Hartford and Asylum Hill. Through initiatives focused on clean streets, public safety, and marketing of the district, the organization has worked collectively with the Mayor's office, police department, public works department, property owners, and other organizations to create a safer, cleaner, and more attractive environment for employees, visitors, and residents. The Cleaning & Security Ambassador Program, which includes daily on-street cleaning and security operations within the district, has contributed to the overall improvement of the area.
This information is meant to be a general summary of Hartford Business Improvement District. 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 2024.
- Program Service Revenue: $214,640
- Gross Receipts: $1,405,734
Assets and Liabilities:
- Total Assets: $658,302
- Total Liabilities: $143,389
- Net Assets: $514,913
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSORSHIPS
Revenue
$135,170
BANNER SPONSORSHIPS
Revenue
$79,470
Organization Details
Founding Year
2006
Principal Officer
Jordan Polon
Website
www.hartfordbid.comNTEE Category
Code: P20 - Human services
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