Flatbush Avenue District Management Association Inc

EIN: 112908148 501(c)(3) Community Improvement

Brooklyn, NY

Total Revenue
$724,822
Total Expenses
$800,024
Total Assets
$638,730
Net Assets
$315,686
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
NY
Principal Officer
LAUREN E COLLINS
Phone
9297226340
Tax Period
2024-07-01 to 2025-06-30

Flatbush Avenue District Management Association Inc, founded in 1990, is a small nonprofit in the Community Improvement sector that reported $725K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $800K exceeded revenue, resulting in a 10% operating deficit.

Mission

FADMA WAS FORMED TO PROMOTE THE GENERAL WELFARE OF THE PEOPLE IN THE AREA DESCRIBED IN THE FLATBUSH AVENUE DISTRICT

Program Service Accomplishments

Program 1
Expenses: $571,216

ENHANCING THE FLATBUSH AVENUE COMMERCIAL DISTRICT FOR BUSINESSES, RESIDENTS,AND SHOPPERS BY MAKING THE AREA CLEANER AND SAFER, BY PROMOTING THE NEIGHBORHOOD AS A SHOPPING DESTINATION AND BY PROVIDING...

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ENHANCING THE FLATBUSH AVENUE COMMERCIAL DISTRICT FOR BUSINESSES, RESIDENTS,AND SHOPPERS BY MAKING THE AREA CLEANER AND SAFER, BY PROMOTING THE NEIGHBORHOOD AS A SHOPPING DESTINATION AND BY PROVIDING DEVELOPMENT RESOURCES MERCHANTS AND PROPERTY OWNERS.

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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 $724,653
Program Service Revenue $0
Investment Income $169
Other Revenue $0
TOTAL REVENUE $724,822

Expense Breakdown

Grants Paid $0
Salaries & Benefits $298,743
Fundraising Expenses $0
Program Expenses $571,216
Other Expenses $501,281
TOTAL EXPENSES $800,024

Year-over-Year Comparison

2024 2023 Change
Revenue $724,822 $847,409 -0.1%
Expenses $800,024 $818,754 0.0%
Net Income $-75,202 $28,655 -3.6%
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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Governance

Voting Members
16
Independent Members
16
Employees
N/A
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
14
$98,938
Total Directors
1
$98,938
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAUREN E COLLINS Executive Dir. 19.00
Officer Director
$98,938 $0 $98,938
EZRA ASHKENAZI Chairman 1.00
Officer
$0 $0 $0
VOLTAN BAGOT Secretary 1.00
Officer
$0 $0 $0
EDDIE FUEGUEL Treasurer 1.00
Officer
$0 $0 $0
SOL VELELIS CLASS A: PROPER 0.50
Officer
$0 $0 $0
MAYOR ERIC ADAMS CLASS D: GOVERN 0.00
Officer
$0 $0 $0
MAHADYA MARY CLASS D: REPRES 0.00
Officer
$0 $0 $0
RITA JOSEPH CLASS D: GOVERN 0.00
Officer
$0 $0 $0
Brian GradyJuvanie Piquant CLASS D: REPRES 0.00
Officer
$0 $0 $0
ANTONIO REYNOSO CLASS D: GOVERN 0.00
Officer
$0 $0 $0
EILEEN MULLANEY-NEWMAN CLASS D: REPRES 0.00
Officer
$0 $0 $0
BRAD LANDER CLASS D: GOVERN 0.00
Officer
$0 $0 $0
NICHOLAS ASTOR CLASS D: REPRES 0.00
Officer
$0 $0 $0
SHAWN CAMPBELL CLASS E: NONVOT 0.00
Officer
$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 $724,822 $800,024 $638,730 $-75,202
2024 $847,409 $818,754 $405,831 $28,655
2023 $462,172 $406,998 $665,691 $55,174
2022 $417,440 $355,920 $312,059 $61,520
2021 $392,653 $370,622 $307,325 $22,031
2020 $406,844 $331,813 $267,582 $75,031
2019 $414,355 $418,596 $189,021 $-4,241
2018 $327,874 $354,369 $201,724 $-26,495
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