Downtown Brooklyn Partnership Holdings I

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 863574660 ✦ Brooklyn, NY ✦ Designated as a 501(c)(2)

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Overview

What is Downtown Brooklyn Partnership Holdings I?

Downtown Brooklyn Partnership Holdings I is a nonprofit entity established to support the Downtown Brooklyn Partnership, Inc., a non-profit organization that fosters economic growth, improves local business conditions, and enhances the quality of life in the area. The Holdings I aims to finance this organization by holding title to real property that will be leased to various not-for-profit corporations and community organizations. These organizations will use the property for administrative offices, as well as for cultural, educational, artistic, or recreational purposes. The primary objective of Downtown Brooklyn Partnership Holdings I is to contribute financially to the growth and development of Downtown Brooklyn Partnership, Inc.

Is Downtown Brooklyn Partnership Holdings I legitimate?

Downtown Brooklyn Partnership Holdings I is a legitimate nonprofit organization registered as a 501(c)(2) entity. Downtown Brooklyn Partnership Holdings I 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $149,889

For more financial information, click here

What is the mission statement of Downtown Brooklyn Partnership Holdings I?

Downtown Brooklyn Partnership Holdings I's mission is centered around providing financial support to Downtown Brooklyn Partnership, Inc. This non-profit organization strives to foster economic growth, enhance local business conditions, and improve the overall quality of life in the community. By doing so, it aims to promote various cultural, educational, artistic, and recreational causes or uses. Specifically, it holds title to real property that is leased to or occupied by various not-for-profit corporations and community organizations, providing them with affordable administrative offices and ancillary uses.

Who is the CEO of Downtown Brooklyn Partnership Holdings I?

Regina Myer is the Chair of Downtown Brooklyn Partnership Holdings I.

What is the revenue of Downtown Brooklyn Partnership Holdings I?

Downtown Brooklyn Partnership Holdings I's revenue in 2022 was $958,866.

Who are the executives of Downtown Brooklyn Partnership Holdings I and what are their salaries?

There 5 volunteers at Downtown Brooklyn Partnership Holdings I.


Here are 5 key members and their salaries:


Ofer Cohen (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jared Della Valle (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alireza Esmaeilzadeh (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jelena Kovacevic (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Regina Myer (President & Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Downtown Brooklyn Partnership Holdings I?

Downtown Brooklyn Partnership Holdings I's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Downtown Brooklyn Partnership Holdings I

Downtown Brooklyn Partnership Holdings I is an entity that plays a crucial role in supporting Downtown Brooklyn Partnership, Inc., a non-profit organization. The primary mission of Downtown Brooklyn Partnership Holdings I is to financially back its sister organization, which works towards promoting economic growth, enhancing local business conditions, and improving the overall quality of life in the area. This support is extended through various means, including leasing real property to various not-for-profit corporations and community organizations. These organizations utilize the leased spaces as affordable administrative offices and for ancillary uses, contributing to cultural, educational, artistic, or recreational causes or uses. In essence, Downtown Brooklyn Partnership Holdings I serves as a financial pillar, enabling Downtown Brooklyn Partnership, Inc. to carry out its mission and contribute positively to the community.

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Impact




October, 2024

Downtown Brooklyn Partnership Holdings I plays a crucial role in enhancing the vibrancy and economic conditions of the Downtown Brooklyn area. By providing financial support to Downtown Brooklyn Partnership, Inc., it facilitates access to affordable real estate solutions for various nonprofit corporations and community organizations. This support fosters the establishment of administrative offices that serve local needs and promote cultural, educational, artistic, and recreational initiatives.

The impact of Downtown Brooklyn Partnership Holdings I extends to improving quality of life for residents by creating spaces where community-oriented activities and services can flourish. By enabling the presence of organizations dedicated to community improvement, it contributes to a more engaged and enriched neighborhood, supporting both individual and collective aspirations. Overall, it serves as a backbone for sustainable economic growth and community enhancement in Downtown Brooklyn.




This information is meant to be a general summary of Downtown Brooklyn Partnership Holdings I. 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.

Revenue
$958,866 (2022)
Expenses
$691,634 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $958,866
  • Gross Receipts: $958,866

Assets and Liabilities:

  • Total Assets: $4,125,345
  • Total Liabilities: $215,390
  • Net Assets: $3,909,955

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CULTURAL OCCUPANCY

Revenue

$958,866

Organization Details

Founding Year

2021

Principal Officer

Regina Myer

Main Address

1 METROTECH CTR N 1003, BROOKLYN, NY, 11201

NTEE Category

Code: S11 - Community improvement

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