Overview
What is Hudson Yards Hells Kitchen Business Improvement District?
Hudson Yards Hells Kitchen Business Improvement District, also known as Hudson Yards Hells Kitchen Alliance, is a nonprofit organization situated at 412 WEST 42ND STREET 3 FL, New York, NY 10036. Their primary mission is to contribute to the economic growth and vitality of the Business Improvement District situated in New York City. They achieve this by focusing on district-wide services and improvements, aiming to enhance the overall appearance of the district through various projects. To support this mission, they provide maintenance and supplemental public safety in Bella Abzug Park. With a workforce of 7 individuals, they strive to improve the economic condition of the Hudson Yards district.
Official website here: www.hudsonyardshellskitchenalliance.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Hudson Yards Hells Kitchen Business Improvement District has received an 88% rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization excels particularly in governance, with 100% of its board members being independent and a comprehensive audit and oversight committee in place. Additionally, the organization demonstrates a high commitment to transparency, as evidenced by its program expense ratio of 89.48%, indicating that a significant portion of its funding is directed towards its programs.
While the organization boasts many strengths, it has been noted that there are some missing policies, specifically a whistleblower policy and a document retention and destruction policy. These omissions could be areas for improvement, as such policies are important for maintaining organizational integrity and accountability. Nevertheless, the absence of material diversions of assets and a favorable liabilities to assets ratio suggest sound financial health.
Overall, the Hudson Yards Hells Kitchen Business Improvement District appears to be a well-managed nonprofit with a strong focus on accountability and effective financial practices. Addressing the noted policy gaps could enhance its governance framework and further solidify its reputation within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Hudson Yards Hells Kitchen Business Improvement District legitimate?
Hudson Yards Hells Kitchen Business Improvement District is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hudson Yards Hells Kitchen 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: $238,640
Professional Fundraising Fees: $0
Other Salaries and Wages: $448,144
For more financial information, click here
Official website here: www.hudsonyardshellskitchenalliance.org
What is the mission statement of Hudson Yards Hells Kitchen Business Improvement District?
The Hudson Yards Hells Kitchen Business Improvement District has a mission to foster the vitality and economic growth within its district. This is achieved by focusing on overall economic improvement, enhancing district-wide services, and implementing improvements and maintenance in public spaces. Specifically, their mission includes improving the overall appearance of the district through various projects and providing supplemental public safety in Bella Abzug Park. The goal is to contribute to the district's development and create a more appealing and secure environment for businesses and visitors.
Official website here: www.hudsonyardshellskitchenalliance.org
Who is the CEO of Hudson Yards Hells Kitchen Business Improvement District?
Robert J Benfatto Jr is the Chair of Hudson Yards Hells Kitchen Business Improvement District.
Official website here: www.hudsonyardshellskitchenalliance.org
What is the revenue of Hudson Yards Hells Kitchen Business Improvement District?
Hudson Yards Hells Kitchen Business Improvement District's revenue in 2022 was $3,037,895.
Official website here: www.hudsonyardshellskitchenalliance.org
Who are the executives of Hudson Yards Hells Kitchen Business Improvement District and what are their salaries?
The average compensation at Hudson Yards Hells Kitchen Business Improvement District during 2022 was $98,112. There are 7 employees and 28 volunteers at Hudson Yards Hells Kitchen Business Improvement District.
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Official website here: www.hudsonyardshellskitchenalliance.org
Where can I find the form 990 for Hudson Yards Hells Kitchen Business Improvement District?
Hudson Yards Hells Kitchen Business Improvement District's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hudsonyardshellskitchenalliance.org
Learn more at the official website: www.hudsonyardshellskitchenalliance.org
Mission Statement of Hudson Yards Hells Kitchen Business Improvement District
The Hudson Yards Hells Kitchen Business Improvement District, abbreviated as BID, is committed to fostering the prosperity and economic growth of its designated area in New York City. Its mission encompasses assisting in the overall improvement of the Hudson Yards district by enhancing district-wide services and advancements, as well as providing maintenance and supplemental public safety in Bella Abzug Park.
In a bid to improve the overall appearance of the district, the BID undertakes various projects. These projects aim to elevate the district's appeal and contribute to its overall economic development. The BID's activities extend beyond aesthetic improvements, as it also provides essential maintenance and supplemental public safety services, ensuring a safe and welcoming environment for businesses and visitors alike. The BID's efforts in Hudson Yards are instrumental in promoting the district's vitality and fostering its continued growth.
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Impact
July, 2024
The Hudson Yards Hells Kitchen Business Improvement District has significantly enhanced the economic growth and overall vitality of the district located in New York City. Through district-wide services and improvements, this organization has played a crucial role in improving the appearance and functionality of the area. By providing maintenance and supplemental public safety in Bella Abzug Park, the Business Improvement District has contributed to the overall economic improvement of the Hudson Yards district. Its impact can be seen in the increased attractiveness of the area to residents, businesses, and visitors alike, thereby fostering a stronger sense of community and boosting economic activity.
This information is meant to be a general summary of Hudson Yards Hells Kitchen 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 2022.
- Investment Income: $185
- Program Service Revenue: $2,978,830
- Gross Receipts: $3,037,895
Assets and Liabilities:
- Total Assets: $1,113,743
- Total Liabilities: $279,750
- Net Assets: $833,993
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESSMENT REVENUE
Revenue
$2,780,000
PROGRAM SERVICE INCOME
Revenue
$198,830
Organization Details
Founding Year
2014
Phone
(212) 446-1682Principal Officer
Robert J Benfatto Jr
Main Address
412 WEST 42ND STREET 3 FL, NEW YORK, NY, 10036
NTEE Category
Code: S30 - Community improvement
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