Overview
What is Meatpacking District Management Association Inc?
Meatpacking District Management Association Inc is a nonprofit organization situated in the heart of New York City, specifically at 32 Gansevoort Street, New York, NY 10014. Their primary mission is to foster the vitality and economic growth of a Business Improvement District (BID) situated within the city. The organization provides supplementary sanitation, public safety, streetscape improvement, visitor information, and commercial support services to property owners, businesses, and residents within this designated area. Their activities encompass maintaining clean streets, removing garbage, and eradicating graffiti to keep the area visually appealing. With a team of seven dedicated individuals, the Meatpacking District Management Association Inc aims to enhance the overall well-being and prosperity of the community.
Official website here: www.meatpacking-district.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
The Meatpacking District Management Association Inc has received a Three-Star rating from Charity Navigator, reflecting a solid accountability and finance score of 88%. The organization boasts a high percentage of independent board members, ensuring strong governance. Their financial oversight is well-rated, showing no material diversion of assets and a commendable program expense ratio of nearly 90%, indicating that a significant portion of their resources is dedicated to their charitable activities.
However, there are some areas for improvement. The organization currently lacks a whistleblower policy and a document retention and destruction policy, which are important for transparency and accountability. Additionally, the tax form is not posted on their website, which could hinder access to vital information for potential donors and stakeholders. Addressing these gaps could enhance their overall standing and trustworthiness.
Overall, the Meatpacking District Management Association Inc demonstrates strong financial health and governance practices, making it a reliable organization in the nonprofit sector, but it should focus on implementing necessary policies to bolster its accountability efforts further.
This AI summary has been generated from information found on Charity Navigator.
Is Meatpacking District Management Association Inc legitimate?
Meatpacking District Management Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Meatpacking 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: $255,836
Professional Fundraising Fees: $0
Other Salaries and Wages: $368,318
For more financial information, click here
Official website here: www.meatpacking-district.com
What is the mission statement of Meatpacking District Management Association Inc?
The Meatpacking District Management Association Inc's primary mission is to foster the vitality and economic growth of a Business Improvement District situated in a city. To achieve this, the organization offers supplemental services such as enhanced sanitation, public safety, streetscape improvements, visitor information, and commercial support to property owners, businesses, and residents within the designated area. These services include maintaining clean streets and curbs, removing garbage, and eliminating graffiti. The association also provides support services to promote the overall well-being of the district.
Official website here: www.meatpacking-district.com
Who is the CEO of Meatpacking District Management Association Inc?
Jeffrey Lefrancois is the Chair of Meatpacking District Management Association Inc.
Official website here: www.meatpacking-district.com
What is the revenue of Meatpacking District Management Association Inc?
Meatpacking District Management Association Inc's revenue in 2022 was $3,389,104.
Official website here: www.meatpacking-district.com
Who are the executives of Meatpacking District Management Association Inc and what are their salaries?
The average compensation at Meatpacking District Management Association Inc during 2022 was $89,165. There are 7 employees and 30 volunteers at Meatpacking District Management Association Inc.
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Official website here: www.meatpacking-district.com
Where can I find the form 990 for Meatpacking District Management Association Inc?
Meatpacking District Management Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.meatpacking-district.com
Learn more at the official website: www.meatpacking-district.com
Mission Statement of Meatpacking District Management Association Inc
The Meatpacking District Management Association Inc is a dedicated organization with a mission to foster the vitality and economic growth of a Business Improvement District situated in New York City. By providing supplemental sanitation, public safety, streetscape improvement, visitor information, and commercial support services, this association caters to the needs of property owners, businesses, and residents within the defined district.
In essence, the organization plays a crucial role in maintaining the cleanliness of the streets and curbs, ensuring the removal of garbage, and eradicating graffiti. This meticulous upkeep contributes to a well-kept and inviting environment, which in turn, supports the economic growth of the district. Furthermore, the Meatpacking District Management Association Inc goes beyond basic sanitation services by offering public safety measures, enhancing the overall appeal of the area with streetscape improvements, and providing vital information to visitors. By providing these complementary services, the association aims to bolster the success and appeal of the Business Improvement District, ultimately benefiting both businesses and residents within the area.
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Impact
July, 2024
Meatpacking District Management Association Inc's impact revolves around promoting the vitality and economic growth of a business improvement district in NYC. Through activities such as maintaining clean streets and curbs, garbage removal, and graffiti removal, the organization plays a crucial role in enhancing the overall environment and appeal of the area. By providing supplemental sanitation, public safety, streetscape improvement, visitor information, and commercial support services to property owners, businesses, and residents, the association contributes to the overall well-being and success of the community. Its efforts align with the mission of continuous community improvement, making a tangible and positive impact on the district and its stakeholders.
This information is meant to be a general summary of Meatpacking 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: $6,278
- Program Service Revenue: $3,275,566
- Gross Receipts: $3,389,104
Assets and Liabilities:
- Total Assets: $4,142,066
- Total Liabilities: $458,186
- Net Assets: $3,683,880
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESSMENT REVENUE
Revenue
$2,511,600
PROGRAM SERVICE INCOME
Revenue
$763,966
Organization Details
Founding Year
2015
Phone
(212) 633-0185Principal Officer
Jeffrey Lefrancois
Main Address
32 GANSEVOORT STREET, NEW YORK, NY, 10014
Website
www.meatpacking-district.comNTEE Category
Code: S30 - Community improvement
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