Overview
What is Central Square Business Improvement District Inc?
Central Square Business Improvement District Inc is a nonprofit organization situated in Cambridge, Massachusetts, specifically at 620 Massachusetts Avenue, 02139. Their primary mission is to enhance the aesthetic and functionality of public spaces within the Central Square area. This includes maintaining and upgrading streets, sidewalks, and incorporating landscaping, street furniture, decorations, and activities. The organization also encourages and facilitates public and private investments to improve street-level uses, aiming to bring additional resources to both existing and new businesses in the district. The nonprofit, with a team of 7 employees, strives to invigorate Cambridge's Central Square by providing additional management and resources for the maintenance and programming of the streets and public spaces.
Official website here: www.centralsq.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating
Central Square Business Improvement District Inc has received a Two-Star rating from Charity Navigator, indicating that while the organization has some strengths, there are significant areas for improvement. The nonprofit boasts an independent board with 100% independent members and a solid accountability framework, evidenced by its perfect score in audit and oversight. However, the absence of a whistleblower policy and document retention guidelines raises concerns about governance practices.
Financially, the organization shows a program expense ratio of 74.69%, suggesting that a substantial portion of its expenditure is directed toward its programs rather than administrative costs. Despite this, the liabilities to assets ratio of 83.05% indicates that the organization carries a high level of debt compared to its assets, which could pose risks to financial sustainability. Furthermore, the missing tax form on the nonprofit's website may raise questions about transparency.
Overall, while Central Square Business Improvement District Inc demonstrates commitment through independent oversight and effective program spending, the lack of essential policies and a concerning financial ratio highlight areas that require attention for future growth and stability.
This AI summary has been generated from information found on Charity Navigator.
Is Central Square Business Improvement District Inc legitimate?
Central Square Business Improvement District Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Square Business Improvement District 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:
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Other Salaries and Wages: $436,517
For more financial information, click here
Official website here: www.centralsq.org
What is the mission statement of Central Square Business Improvement District Inc?
Central Square Business Improvement District Inc's mission is centered around revitalizing public spaces. It aims to enhance the aesthetics of these areas by implementing cleaning, management, and upgrades to streets and sidewalks. The initiative also involves adding landscaping, street furniture, decorations, and activities. Additionally, it encourages and coordinates both public and private investments to improve street-level uses. Furthermore, the organization seeks to bring additional resources to support existing businesses and attract new ones.
Official website here: www.centralsq.org
What is the revenue of Central Square Business Improvement District Inc?
Central Square Business Improvement District Inc's revenue in 2023 was $2,561,839.
Official website here: www.centralsq.org
Who are the executives of Central Square Business Improvement District Inc and what are their salaries?
The average compensation at Central Square Business Improvement District Inc during 2023 was $87,303. There are 5 employees and 15 volunteers at Central Square Business Improvement District Inc.
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Official website here: www.centralsq.org
Where can I find the form 990 for Central Square Business Improvement District Inc?
Central Square Business Improvement District Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.centralsq.org
Learn more at the official website: www.centralsq.org
Mission Statement of Central Square Business Improvement District Inc
Central Square Business Improvement District Inc, in its mission, aims to revitalize the energy of Central Square by providing additional management and resources for the upkeep and programming of public spaces. This nonprofit organization seeks to enhance the aesthetic appeal of these areas by executing cleaning, maintenance, and upgrading tasks on streets, sidewalks, and other public spaces. To further improve the atmosphere, Central Square Business Improvement District Inc introduces landscaping, street furniture, decorations, and activities.
In addition to these visual improvements, the nonprofit encourages and coordinates both public and private investments to enhance street-level uses. By doing so, Central Square Business Improvement District Inc brings additional resources to aid existing businesses and attract new ones to the area. Ultimately, the mission of Central Square Business Improvement District Inc is to create a more vibrant and inviting public environment, where both residents and visitors can enjoy the improved surroundings and benefit from the thriving businesses.
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Impact
July, 2024
Central Square Business Improvement District Inc energizes Cambridge's Central Square by enhancing the look and feel of public spaces through cleaning, managing, and upgrading streets and sidewalks. They add landscaping, street furniture, decorations, and activities, coordinating and encouraging public and private investment to upgrade street-level uses. This organization brings additional resources to support existing businesses and attract new ones, ultimately contributing to the overall improvement of the community.
This information is meant to be a general summary of Central Square Business Improvement District 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.
- Program Service Revenue: $1,366,442
- Gross Receipts: $2,561,839
Assets and Liabilities:
- Total Assets: $657,722
- Total Liabilities: $409,667
- Net Assets: $248,055
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESSMENTS
Revenue
$1,172,045
PARKING MANAGEMENT FEES
Revenue
$194,397
Organization Details
Founding Year
2019
Principal Officer
Michael S Monestime
Website
www.centralsq.orgNTEE Category
Code: S30 - Community improvement
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