Jamaica Center Improvement Association Inc

EIN: 112489195 501(c)(3) Community Improvement

Jamaica, NY

Total Revenue
$840,603
Total Expenses
$800,304
Total Assets
$642,878
Net Assets
$629,382
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
NY
Principal Officer
Michael Hirschhorn
Phone
7185262422
Tax Period
2022-07-01 to 2023-06-30

Jamaica Center Improvement Association Inc, founded in 1977, is a small nonprofit in the Community Improvement sector that reported $841K in total revenue in fiscal year 2022. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $800K left a modest 5% surplus.

Mission

To promote the vitality and economic growth of the business improvement district located in NYC.Enhance-ensure that the district is attractive, welcoming, safe, clean and graffiti-free.Promote-conduct creative district marketing campaigns, host special events and encourage tourism.Coordinate-align the districts retail mix with shopper preferences and connect district businesses with the resources needed to succeed.Advocate-champion for public improvements, capital investments and economic development initiatives in the downtown.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $33,269
Program Service Revenue $807,038
Investment Income $296
Other Revenue $0
TOTAL REVENUE $840,603

Expense Breakdown

Grants Paid $0
Salaries & Benefits $164,827
Fundraising Expenses $0
Program Expenses $599,675
Other Expenses $635,477
TOTAL EXPENSES $800,304

Year-over-Year Comparison

2022 2021 Change
Revenue $840,603 $1,052,816 -0.2%
Expenses $800,304 $1,042,251 -0.2%
Net Income $40,299 $10,565 +2.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
4
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
16
$56,107
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jennifer Furioli Executive Dir. 40.00
Director
$56,107 $0 $56,107
Michael Hirschhorn President 1.00
Officer Director
$0 $0 $0
Aaron Schwartz Vice President 1.00
Officer Director
$0 $0 $0
Michael Mattone Secretary 1.00
Officer Director
$0 $0 $0
Norman Fairweather Treasurer 1.00
Officer Director
$0 $0 $0
Daniel Kulka Board member 1.00
Director
$0 $0 $0
Jerry Black Board member 1.00
Director
$0 $0 $0
Zach Owens Board member 1.00
Director
$0 $0 $0
John Perricone Board member 1.00
Director
$0 $0 $0
Ndeye Ngom Board member 1.00
Director
$0 $0 $0
Tricia Perriera Board member 1.00
Director
$0 $0 $0
Emily Edwards Board member 1.00
Director
$0 $0 $0
Sari Kulka Director 1.00
Director
$0 $0 $0
Samantha Champagnie Board member 1.00
Director
$0 $0 $0
Elena Barcenes Board member 1.00
Director
$0 $0 $0
James Mongeluzo Board member 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $840,603 $800,304 $642,878 $40,299
2022 $1,052,816 $1,042,251 $638,624 $10,565
2021 $1,157,142 $1,072,959 $636,367 $84,183
2020 $1,131,405 $1,036,799 $567,881 $94,606
2019 $1,147,155 $1,129,461 $479,199 $17,694
2018 $943,081 $917,777 $476,533 $25,304
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