Central District Management Assocation
- Assets
- $3.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 8
- Location
- Albany, NY
- Founding
- 02/1999
- Data as of
- 12/2023
- EIN
- 14-1803886
Organization Overview
Central District Management Assocation is located in Albany, NY. The organization was established in 1999. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Central District Management Assocation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central District Management Assocation 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 12/2023, Central District Management Assocation generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 7.7% per year over the past 9 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.
Since 2020, Central District Management Assocation has awarded 38 individual grants totaling $323,459. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RESTORE VIABILITY OF CENTRAL AVENUE BUSINESS DISTRICT
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAFETY & MAINTENANCE THIS PROGRAM OPERATES A DAILY CLEANING PROGRAM USING THE ASSOCIATION'S "CLEAN TEAM." ACTIVITIES OF THIS PROGRAM INCLUDE BUT ARE NOT LIMITED TO DEALING WITH CRIME AND SAFETY ISSUES RELATED TO CURRENT PROPERTY ISSUES, MERCHANT ISSUES RELATED TO LITTER, MAINTENANCE OF THE ASSOCIATION'S OWN EQUIPMENT AND REPLACEMENT OR REPAIR RESEARCH, HOLIDAY DECORATIONS, INSTALLATION OF SEASONAL AND VISUAL MEDIA AND HARDWARE, AND PARKING LOT MAINTENANCE.
CORRIDOR DEVELOPMENT THIS PROGRAM INCLUDES THE WORK DONE BY THE ASSOCIATION'S STAFF TO RECRUIT AND ASSIST IN THE ECONOMIC DEVELOPMENT OF THE BUSINESS IMPROVEMENT DISTRICT (BID). ACTIVITIES OF THIS PROGRAM INCLUDE BUT ARE NOT LIMITED TO INTERACTING WITH PROPERTY OWNERS ONREAL ESTATE AND NEW BUSINESS DEVELOPMENT, RESPONDING TO REQUESTS FOR AVAILABLE PROPERTIES, PLANNING AND DEVELOPMENT WITH A COMMUNITY PARTNER AND DEVELOPING STRATEGIC PARTNERS TO BRING NEEDED RESOURCES AND EFFORTS TO THE BID AREA.
STEAM GARDEN THIS PROGRAM ENCOMPASSES THE DEVELOPMENT AND OPERATION OF THE 279 CENTRAL AVENUE PROPERTY. ACTIVITIES INCLUDE PRIMARILY THE SUPERVISION OF THE CONSTRUCTION AND FUTURE PROGRAM PLANNING OF THE BUILDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Parente Chair | OfficerTrustee | 5 | $0 |
Ken Mortensen Vice Chair | OfficerTrustee | 5 | $0 |
Dan Sanders Corporate Treasurer | OfficerTrustee | 5 | $0 |
Elliott Rosen Corporate Secretary | OfficerTrustee | 5 | $0 |
Darius Shahinfar Director | Trustee | 5 | $0 |
John Vero Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,198,235 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,223,235 |
| Total Program Service Revenue | $38,171 |
| Investment income | $978 |
| 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 | $1,262,384 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $294,619 |
| 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. | $124,706 |
| Compensation of current officers, directors, key employees. | $18,706 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $158,275 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $47,531 |
| Payroll taxes | $17,220 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,823 |
| Fees for services: Accounting | $28,244 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,735 |
| Advertising and promotion | $4,807 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,415 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $86,433 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $90,668 |
| Insurance | $35,348 |
| All other expenses | $57,433 |
| Total functional expenses | $1,190,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $252,305 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $26,556 |
| Accounts receivable, net | $26,939 |
| 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 | $4,305 |
| Net Land, buildings, and equipment | $2,888,055 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,198,160 |
| Accounts payable and accrued expenses | $21,300 |
| Grants payable | $0 |
| Deferred revenue | $16,149 |
| 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 | $1,533,868 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $151,002 |
| Total liabilities | $1,722,319 |
| Net assets without donor restrictions | $1,408,935 |
| Net assets with donor restrictions | $66,906 |
| 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 | $3,198,160 |
Grants Awarded
Over the last fiscal year, Central District Management Assocation has awarded $294,619 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
KEMA KREATIONS PURPOSE: GENERAL OPERATIONS | $14,724 |
FRESH & FLY PURPOSE: GENERAL OPERATIONS | $15,272 |
MOXIE OWL DBA THE YARD PURPOSE: GENERAL OPERATIONS | $14,609 |
MAURICE'S DELI PURPOSE: GENERAL OPERATIONS | $14,672 |
FORT ORANGE STORE PURPOSE: GENERAL OPERATIONS | $15,000 |
YOUNG FUTURES PURPOSE: GENERAL OPERATIONS | $13,131 |