Metrotech Area District Management Association Inc
- Assets
- $3.3m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 26
- Location
- Brooklyn, NY
- Founding
- 07/1994
- Data as of
- 06/2021
- EIN
- 13-3601854
Organization Overview
Metrotech Area District Management Association Inc is located in Brooklyn, NY. The organization was established in 1994. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Metrotech Area District Management Association Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metrotech Area District Management Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Metrotech Area District Management Association Inc generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $4.4m during the year ending 06/2021. While expenses have increased by 5.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE VITALITY AND ECONOMIC GROWTH OF A BUSINESS IMPROVEMENT DISTRICT LOCATED IN NYC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC SAFETY - PROVIDING INCREASED PUBLIC SECURITY THROUGH A COMBINATION OF UNIFORMED GUARDS AND A WORKING RELATIONSHIP WITH THE NEW YORK CITY POLICE DEPARTMENT.
MARKETING - PROMOTING THE DISTRICT TO RESIDENTS AND TOURISTS AND TO RETAIN AND DEVELOP PROSPECTIVE BUSINESSES.
PUBLIC SPACE - MAINTAINING CLEAN STREETS/CURBS, GARBAGE REMOVAL, AND SUPPLEMENTAL REPAIR AND MAINTENANCE OF SIDEWALKS, SIGNAGE AND PUBLIC FURNITURE AND FIXTURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ali Esmaeilzadeh Chair | OfficerTrustee | 0.5 | $0 |
Ron Cohen Vice Chair | OfficerTrustee | 0.5 | $0 |
Victor Vora Treasurer | OfficerTrustee | 0.5 | $0 |
Scott Hobbs Managing Dir.of Finance. | Officer | 10 | $0 |
Regina Myer Org. Manager | Officer | 10 | $0 |
Ari Goldstein Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Doe Fund Inc Maintenance | 6/29/21 | $1,462,029 |
Chelsea Garden Center Maintenance | 6/29/21 | $240,814 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,000 |
| Total Program Service Revenue | $4,941,711 |
| Investment income | $115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,991,826 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,463,678 |
| Pension plan accruals and contributions | $19,767 |
| Other employee benefits | $357,289 |
| Payroll taxes | $129,582 |
| Fees for services: Management | $350,000 |
| Fees for services: Legal | $14,771 |
| Fees for services: Accounting | $19,150 |
| Fees for services: Lobbying | $3,526 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,434,668 |
| Advertising and promotion | $0 |
| Office expenses | $111,932 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $204,589 |
| Travel | $1,150 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,746 |
| Insurance | $82,562 |
| All other expenses | $0 |
| Total functional expenses | $4,423,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,478,695 |
| Savings and temporary cash investments | $653,191 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $113,924 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,150 |
| Net Land, buildings, and equipment | $14,054 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,341 |
| Total assets | $3,270,355 |
| Accounts payable and accrued expenses | $349,882 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $242,382 |
| Total liabilities | $592,264 |
| Net assets without donor restrictions | $2,678,091 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,270,355 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Insitech Inc Warren, NJ | $450,270 | $14,466,949 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |
Alleghenies Planning And Development Commission Altoona, PA | $25,721,818 | $9,986,298 |
Sports Fans Coalition Ny Inc Ronkonkoma, NY | $633,460 | $8,459,536 |
Greater Philadelphia Tourism Marketing Corporation Philadelphia, PA | $11,403,385 | $8,019,397 |
Greater Boston Convention And Tourist Bureau Inc Boston, MA | $3,175,283 | $8,778,402 |
Choose New Jersey Inc Newark, NJ | $7,145,867 | $9,053,939 |
Dauphin County Economic Development Corporation Harrisburg, PA | $8,424,591 | $10,449,757 |
Ben Franklin Technology Partners Of Northeastern Pennsylvania Inc Bethlehem, PA | $58,069,128 | $6,233,285 |
Greater Pittsburgh Convention & Visitors Bureau Inc Pittsburgh, PA | $10,210,665 | $8,196,256 |