BRIGHTON BEACH DISTRICT MANAGEMENT ASSOCIATION INC

EIN: 112843233 501(c)(3)

Brooklyn, NY

Total Revenue
$320,160
Total Expenses
$334,135
Total Assets
$84,717
Net Assets
$57,863
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
NY
Principal Officer
Yelena Makhnin
Phone
7189341908
Tax Period
2024-07-01 to 2025-06-30

BRIGHTON BEACH DISTRICT MANAGEMENT ASSOCIATION INC, founded in 1987, is a small nonprofit that reported $320K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

PROMOTION OF NEIGHBORHOOD BUSINESSES IN BRIGHTON BEACH, NY AREA

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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 (2024)

Revenue Breakdown

Contributions & Grants $320,160
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $320,160

Expense Breakdown

Grants Paid $0
Salaries & Benefits $76,653
Fundraising Expenses $0
Program Expenses $267,207
Other Expenses $257,482
TOTAL EXPENSES $334,135

Year-over-Year Comparison

2024 2023 Change
Revenue $320,160 $276,250 +0.2%
Expenses $334,135 $295,446 +0.1%
Net Income $-13,975 $-19,196 -0.3%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
17
Independent Members
17
Employees
1
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
5
$0
Total Directors
15
$0
Key Employees
1
$64,754
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH COHEN BOARD MEMBER 5.00
Director
$0 $0 $0
MARINA POLEVOY SECRETARY 5.00
Officer Director
$0 $0 $0
MARK DAVIDOVICH TREASURER 5.00
Officer Director
$0 $0 $0
BOBBY RAKHMAN BOARD MEMBER 5.00
Director
$0 $0 $0
INNA VERNIKOV BOARD MEMBER 5.00
Officer Director
$0 $0 $0
YELENA MAKHNIN EXEC. DIRECTOR 40.00
Key Emp Highest
$64,754 $0 $64,754
SETH RUBENSTEIN PRESIDENT 5.00
Officer Director
$0 $0 $0
ERIC PIKER VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
MOHAMED ABDO BOARD MEMBER 5.00
Director
$0 $0 $0
BRAD LANDER REPRESENTING COMPTROLLE BOARD MEMBER 1.00
Director
$0 $0 $0
ERIC ADAMS BOARD MEMBER 5.00
Director
$0 $0 $0
ERCAN KARABEYOGLU BOARD MEMBER 5.00
Director
$0 $0 $0
IZABELLA BLAJCH BOARD MEMBER 5.00
Director
$0 $0 $0
RACHEL REYENTOVICH BOARD MEMBER 5.00
Director
$0 $0 $0
MICHAEL GEYLIK BOARD MEMBER 5.00
Director
$0 $0 $0
PETER YAGDAEY BOARD MEMBER 5.00
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
2025 $320,160 $334,135 $84,717 $-13,975
2024 $276,250 $295,446 $91,135 $-19,196
2023 $277,847 $333,721 $126,349 $-55,874
2022 $220,567 $247,838 $161,413 $-27,271
2021 $264,935 $269,582 $189,482 $-4,647
2020 $220,000 $243,607 $189,505 $-23,607
2019 $262,290 $231,511 $210,082 $30,779
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