Overview
What is Atlantic Avenue District Management Association Inc?
Atlantic Avenue District Management Association Inc, located at 306 Atlantic Avenue, Brooklyn, NY 11201, is a nonprofit organization dedicated to the revitalization and enhancement of the commercial area along Atlantic Avenue. By providing supplemental services such as increased sanitation, business promotion, neighborhood beautification, and initiating streetscape improvements, this association aim to improve the overall business environment and economic growth within the Business Improvement District. With a team of three dedicated individuals, they work tirelessly to create a more inviting and prosperous environment for local businesses.
Official website here: www.atlanticavebid.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
The Atlantic Avenue District Management Association Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization achieved an impressive score of 82% in this category, which is crucial for assessing its operational integrity and financial health. The evaluation is based on a single beacon score, emphasizing the importance of accountability and finance in the nonprofit sector.
Strengths of the organization include a fully independent board, with all eight members meeting the criteria for independence. The association also demonstrates strong oversight with an effective audit and oversight committee. It has shown no material diversion of assets, indicating a reliable approach to resource management, and maintains a healthy liabilities-to-assets ratio of 41.64%.
However, some areas for improvement have been identified. The organization lacks certain policies, such as a conflict of interest policy and a whistleblower policy, which are typically recommended for robust governance. Additionally, the absence of documented board meeting minutes raises concerns about transparency and accountability in its operational processes. Overall, while the Atlantic Avenue District Management Association Inc shows strong accountability, addressing these policy gaps could enhance its governance framework further.
This AI summary has been generated from information found on Charity Navigator.
Is Atlantic Avenue District Management Association Inc legitimate?
Atlantic Avenue District Management Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Atlantic 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: $60,165
Professional Fundraising Fees: $0
Other Salaries and Wages: $46,452
For more financial information, click here
Official website here: www.atlanticavebid.org
What is the mission statement of Atlantic Avenue District Management Association Inc?
The Atlantic Avenue District Management Association Inc is committed to fostering the economic growth and well-being of businesses within its district. They achieve this by enhancing neighborhood conditions and the overall business environment. The organization actively works towards commercial revitalization by providing supplemental services such as increased sanitation, business promotion, neighborhood beautification, and initiating streetscape improvements. By doing so, they aim to improve the attractiveness and viability of the Atlantic Avenue area for businesses and visitors alike.
Official website here: www.atlanticavebid.org
Who is the CEO of Atlantic Avenue District Management Association Inc?
Kelly Carroll is the Executive Dir. of Atlantic Avenue District Management Association Inc.
Official website here: www.atlanticavebid.org
What is the revenue of Atlantic Avenue District Management Association Inc?
Atlantic Avenue District Management Association Inc's revenue in 2023 was $510,260.
Official website here: www.atlanticavebid.org
Who are the executives of Atlantic Avenue District Management Association Inc and what are their salaries?
The average compensation at Atlantic Avenue District Management Association Inc during 2023 was $35,539. There are 3 employees at Atlantic Avenue District Management Association Inc.
Here are 6 key members and their salaries:
- Compensation: $60,165
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.atlanticavebid.org
Where can I find the form 990 for Atlantic Avenue District Management Association Inc?
Atlantic Avenue District Management Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.atlanticavebid.org
Learn more at the official website: www.atlanticavebid.org
Mission Statement of Atlantic Avenue District Management Association Inc
Atlantic Avenue District Management Association Inc is committed to fostering the economic growth and well-being of businesses within its Business Improvement District. To achieve this, the organization focuses on enhancing neighborhood conditions and the overall business environment. By providing supplemental services such as increased sanitation, business promotion, neighborhood beautification, and initiating streetscape improvements, Atlantic Avenue District Management Association Inc works to revitalize commercial areas along Atlantic Avenue. The goal is to create a more inviting and prosperous environment for businesses, ultimately contributing to the overall success and vitality of the district.
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Impact
July, 2024
- The Atlantic Avenue District Management Association Inc plays a vital role in promoting commercial revitalization in the Atlantic Avenue area in Brooklyn, NY.
- By providing supplemental services such as increased sanitation, business promotion, neighborhood beautification, and initiating streetscape improvements, the organization enhances the overall appeal and functionality of the business district.
- Through its efforts, the association creates a more vibrant and welcoming environment for local businesses, residents, and visitors, ultimately contributing to the economic growth and well-being of the community.
- The association's focus on improving neighborhood conditions and the business environment aligns with its mission to support and advance the businesses within the business improvement district.
- Overall, the Atlantic Avenue District Management Association Inc makes a tangible impact on the community by fostering a sense of pride, enhancing the local economy, and driving positive change through its various initiatives.
This information is meant to be a general summary of Atlantic 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: $85
- Gross Receipts: $510,260
Assets and Liabilities:
- Total Assets: $541,111
- Total Liabilities: $225,333
- Net Assets: $315,778
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Organization Details
Founding Year
2012
Phone
(929) 283-5988Principal Officer
Kelly Carroll
Main Address
306 Atlantic Avenue, Brooklyn, NY, 11201
Website
www.atlanticavebid.orgNTEE Category
Code: S31 - Community improvement
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