BRIGHTON BEACH DISTRICT MANAGEMENT… - Form 990 Financial Data

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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

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

Program Service Accomplishments

Program 1

Expenses: $101,512 Revenue: $0

PROVISION OF SANITATION SERVICES FOR BUSINESS IMPROVEMENT DISTRICT OF BRIGHTON BEACH, NY

Program 2

Expenses: $165,695 Revenue: $0

PROVISION OF PROMOTION, ADVERTISING, AND MARKETING AIMED AT PROMOTING BUSINESS IN THE 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%)

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

$64,754

Highest Compensated

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

BRIGHTON BEACH DISTRICT MANAGEMENT ASSOCIATION INC