Overview
What is Chinatown District Management Association Inc?
Chinatown District Management Association Inc, situated in New York City, is a nonprofit organization situated at 217 Park Row, 2FL9. Their primary mission is to foster the vitality and economic growth within a Business Improvement District (BID) in the city. They achieve this by providing supplemental sanitation services, enhancing streetscapes, offering visitor information, and offering commercial support to property owners, businesses, and residents within the designated BID area. In essence, they aim to maintain the cleanliness of the streets, remove graffiti, and improve the overall appearance and functionality of the district.
Official website here: www.chinatown.nyc/bid/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Chinatown District Management Association Inc has achieved a commendable rating of 88%, reflecting a solid performance in accountability and finance. The organization benefits from a fully independent board, which enhances its governance and oversight capabilities. Additionally, the absence of material asset diversions and a strong program expense ratio of 86.60% indicates a commitment to using funds effectively for its mission.
However, there are areas for improvement, particularly in the governance policies. The organization lacks a whistleblower policy and a document retention and destruction policy, which are crucial for transparency and accountability. Furthermore, the tax form is not posted on the nonprofit's website, which could limit public access to important financial information.
Overall, while the Chinatown District Management Association Inc demonstrates strong financial health and governance practices, addressing the noted limitations would further enhance its credibility and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Chinatown District Management Association Inc legitimate?
Chinatown District Management Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chinatown 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: $85,568
Professional Fundraising Fees: $0
Other Salaries and Wages: $90,400
For more financial information, click here
Official website here: www.chinatown.nyc/bid/
What is the mission statement of Chinatown District Management Association Inc?
The Chinatown District Management Association Inc is an organization dedicated to enhancing the vitality and economic growth of a Business Improvement District. It provides supplementary services to property owners, businesses, and residents in the designated area. These services include maintaining clean streets, removing garbage and graffiti, improving streetscapes, and offering visitor information and commercial support. The association's mission aims to foster a thriving business environment and contribute to the overall well-being of the community.
Official website here: www.chinatown.nyc/bid/
Who is the CEO of Chinatown District Management Association Inc?
Wellington Chen is the Chair of Chinatown District Management Association Inc.
Official website here: www.chinatown.nyc/bid/
What is the revenue of Chinatown District Management Association Inc?
Chinatown District Management Association Inc's revenue in 2022 was $1,968,598.
Official website here: www.chinatown.nyc/bid/
Who are the executives of Chinatown District Management Association Inc and what are their salaries?
There 279 volunteers at Chinatown District Management Association Inc.
Here are 30 key members and their salaries:
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- Related: $125,000
- Other: $36,825
Official website here: www.chinatown.nyc/bid/
Where can I find the form 990 for Chinatown District Management Association Inc?
Chinatown District Management Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chinatown.nyc/bid/
Learn more at the official website: www.chinatown.nyc/bid/
Mission Statement of Chinatown District Management Association Inc
Chinatown District Management Association Inc, as a key player, is committed to fostering the vitality and economic growth of a Business Improvement District situated in New York City. This organization undertakes various supplemental initiatives to support property owners, businesses, and residents within this designated area. The core services provided by Chinatown District Management Association Inc include enhanced sanitation, streetscape improvements, visitor information, and commercial support services.
In terms of sanitation, the association takes responsibility for maintaining clean streets, curbs, and managing garbage removal. Additionally, they are responsible for addressing graffiti, ensuring a well-kept and aesthetically pleasing environment. These efforts contribute significantly to the overall image and appeal of the Business Improvement District, ultimately benefiting both businesses and residents.
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Impact
July, 2024
Chinatown District Management Association Inc's impact can be seen in the promotion of vitality and economic growth within their designated business improvement district in New York City. Through their efforts in sanitation, including maintaining clean streets, curbs, and removing garbage and graffiti, they contribute to creating a more pleasant and inviting environment for property owners, businesses, and residents. Their provision of supplemental sanitation, streetscape improvement, visitor information, and commercial support services plays a crucial role in enhancing the overall quality of life and fostering a thriving community within the area.
This information is meant to be a general summary of Chinatown 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 2022.
- Investment Income: $6,453
- Program Service Revenue: $1,813,500
- Gross Receipts: $1,968,598
Assets and Liabilities:
- Total Assets: $2,192,939
- Total Liabilities: $173,872
- Net Assets: $2,019,067
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TAX ASSESSMENTS
Revenue
$1,800,000
PROGRAM SERVICE INCOME
Revenue
$13,500
Organization Details
Founding Year
2012
Phone
(212) 346-9288Principal Officer
Wellington Chen
Main Address
217 PARK ROW 2FL9, NEW YORK, NY, 10038
Website
www.chinatown.nyc/bid/NTEE Category
Code: P84 - Human services
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