Washington Heights Business Improvement District

EIN: 133348873 501(c)(3) Community Improvement

New York, NY

Total Revenue
$697,916
Total Expenses
$756,756
Total Assets
$138,824
Net Assets
$21,693
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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
1983
Legal Domicile
NY
Phone
2129283400
Tax Period
2024-07-01 to 2025-06-30

Washington Heights Business Improvement District, founded in 1983, is a small nonprofit in the Community Improvement sector that reported $698K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring.

Mission

Economic development

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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 $660,116
Program Service Revenue $0
Investment Income $0
Other Revenue $37,800
TOTAL REVENUE $697,916

Expense Breakdown

Grants Paid $0
Salaries & Benefits $169,957
Fundraising Expenses $7,337
Program Expenses $686,484
Other Expenses $586,799
TOTAL EXPENSES $756,756

Year-over-Year Comparison

2024 2023 Change
Revenue $697,916 $1,061,841 -0.3%
Expenses $756,756 $1,086,443 -0.3%
Net Income $-58,840 $-24,602 +1.4%
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
15
Independent Members
15
Employees
2
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
2
$0
Total Directors
17
$115,917
Key Employees
1
$115,917
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Isidro Medina Executive Director 40.00
Director Key Emp
$115,917 $0 $115,917
Peter Skeadas Member 2.00
Director
$0 $0 $0
Francisco Fernandez Member 2.00
Director
$0 $0 $0
Charles Chera Member 2.00
Director
$0 $0 $0
Chris Ventura Member 2.00
Director
$0 $0 $0
David Ford Member 2.00
Director
$0 $0 $0
Rafael Fernandez Member 2.00
Director
$0 $0 $0
Douglas Calderon Member 2.00
Director
$0 $0 $0
Luis Iglesisas Member 2.00
Director
$0 $0 $0
Mayor Eric Adams Member 2.00
Director
$0 $0 $0
Hon Scott Stringer Member 2.00
Director
$0 $0 $0
Hon Ydanis Rodriguez Member 2.00
Director
$0 $0 $0
Hon Gale Brewer Member 2.00
Director
$0 $0 $0
Joseph Lorenzo Member 2.00
Director
$0 $0 $0
Rey Polanco Member 2.00
Director
$0 $0 $0
Myles Schwartz Chairperson 2.00
Officer Director
$0 $0 $0
Leslie Spira Treasurer 2.00
Officer 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 $697,916 $756,756 $138,824 $-58,840
2024 $1,061,841 $1,086,443 $160,893 $-24,602
2023 $702,298 $838,021 $585,567 $-135,723
2022 $806,061 $662,078 $334,894 $143,983
2021 $696,028 $653,123 $212,947 $42,905
2020 $876,724 $870,257 $165,945 $6,467
2019 $888,522 $847,579 $218,837 $40,943
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