Florin Road Partnership A Nonprofit Organization
- Assets
- $123.4k
- Revenue
- $653.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Sacramento, CA
- Founding
- 03/1997
- Data as of
- 12/2022
- EIN
- 68-0373047
Organization Overview
Florin Road Partnership A Nonprofit Organization is located in Sacramento, CA. The organization was established in 1997. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Florin Road Partnership A Nonprofit Organization employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florin Road Partnership A Nonprofit Organization is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Florin Road Partnership A Nonprofit Organization generated $653.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $618.6k during the year ending 12/2022. While expenses have increased by 8.3% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A NON-PROFIT PRIVATE/PUBLIC PARTNERSHIP ORGANIZATION PROVIDING LEADERSHIP, SERVICES AND PROGRAMS TO IMPROVE THE IMAGE AND ECONOMIC VITALITY OF THE FLORIN ROAD BUSINESS DISTRICT THROUGH THE FORMATION OF A PROPERTY-BASED BUSINESS IMPROVEMENT DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STREETSCAPE DESIGN AND IMPLEMENTATION: INITIATIVE CAPITALIZES ON FLORIN ROAD'S POTENTIAL TO CREATE A DISTINCTIVE LOOK FOR THE BUSINESS DISTRICT DESIGN AND PURSUES NEW STREETSCAPE IMPROVEMENTS TO BEAUTIFY THE BUSINESS DISTRICT AND TO FORTIFY A NEW POSITIVE IMAGE FOR THE AREA. BEAUTIFICATION IMPROVEMENTS INCLUDE SUCH ITEMS AS LANDSCAPING, TREE ADDITIONS, AND NEW SIGNS. STREETSCAPE IMPROVEMENTS ARE VISIBLE OBJECTS THAT HELP ATTRACT CUSTOMERS AND TENANTS AS WELL AS IMPROVE COMMUNITY PRIDE. DURING THE YEAR, FEASIBILITY STUDIES WERE CONDUCTED TO PROVIDE UNDERGROUND UTILITIES.
SECURITY AND SAFETY: SECURITY PATROLS ARE CONTRACTED AND PROVIDED FOR THE CORRIDOR.
MARKETING AND PROMOTION: MARKETING EFFORTS INCLUDE PROMOTING A POSITIVE IMAGE FOR FLORIN ROAD, FORTIFYING EXISTING MARKETING INFORMATION TO ASSIST PROPERTY OWNERS AND REAL ESTATE PROFESSIONALS TO SECURE TENANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corey Deroo Executive Dir. | Officer | 40 | $87,500 |
Xochitl Gomez Director | Trustee | 2 | $0 |
Tom Donaldson Director | Trustee | 2 | $0 |
Bobby Phan Director | Trustee | 2 | $0 |
Tiffany Fink Secy/treasurer | Trustee | 2 | $0 |
Jaime R Cervantes Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $652,603 |
| All other contributions, gifts, grants, and similar amounts not included above | $600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $653,203 |
| Total Program Service Revenue | $0 |
| Investment income | $38 |
| 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 | $653,241 |
| 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. | $87,500 |
| Compensation of current officers, directors, key employees. | $24,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,370 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,458 |
| Payroll taxes | $13,841 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,635 |
| Advertising and promotion | $4,289 |
| Office expenses | $19,806 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,920 |
| Travel | $2,410 |
| 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 | $8,249 |
| Insurance | $1,160 |
| All other expenses | $52,680 |
| Total functional expenses | $618,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,195 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $18,814 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $22,433 |
| Other assets | $0 |
| Total assets | $123,442 |
| Accounts payable and accrued expenses | $15,723 |
| 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 | $0 |
| Total liabilities | $15,723 |
| Net assets without donor restrictions | $107,719 |
| 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 | $123,442 |