DOWNTOWN NEW ROCHELLE BUSINESS IMPROVEMENT DISTRICT MANAGEMENT

EIN: 134089489 Community Improvement

NEW ROCHELLE, NY

Total Revenue
$693,283
Total Expenses
$650,778
Total Assets
$462,687
Net Assets
$428,053
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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
1999
Legal Domicile
NY
Principal Officer
MARC M JEROME
Phone
9146542063
Tax Period
2024-01-01 to 2024-12-31

DOWNTOWN NEW ROCHELLE BUSINESS IMPROVEMENT DISTRICT MANAGEMENT, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $693K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $651K left a modest 6% surplus.

Mission

TO DEVELOP THE BUSINESS DISTRICT INTO A VIBRANT, THRIVING AND SUSTAINABLE 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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $693,283
Investment Income $0
Other Revenue $0
TOTAL REVENUE $693,283

Expense Breakdown

Grants Paid $120,000
Salaries & Benefits $32,860
Fundraising Expenses $0
Program Expenses $527,648
Other Expenses $497,918
TOTAL EXPENSES $650,778

Year-over-Year Comparison

2024 2023 Change
Revenue $693,283 $742,849 -0.1%
Expenses $650,778 $750,442 -0.1%
Net Income $42,505 $-7,593 -6.6%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
13
Employees
1
Volunteers
13

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
$28,535
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARC JEROME CHAIRMAN 1.00
Officer Director
$0 $0 $0
WILFREDO MELENDEZ VICE CHAIR 1.00
Officer Director
$0 $0 $0
EDWARD RITTER TREASURER 1.00
Officer Director
$0 $0 $0
ALBERT TARANTINO SECRETARY 1.00
Officer Director
$0 $0 $0
SEBASTIAN ALIBERTI BOARD MEMBER 1.00
Director
$0 $0 $0
GWEN CLAYTON BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN RUCKER BOARD MEMBER 1.00
Director
$0 $0 $0
BRUCE BERG BOARD MEMBER 1.00
Director
$0 $0 $0
JOSEPH GRAZIOSE BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES WENDLING BOARD MEMBER 1.00
Director
$0 $0 $0
RACHEL GREENSPAN BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES O'TOOLE BOARD MEMBER 1.00
Director
$0 $0 $0
LOUIS PANICO BOARD MEMBER 1.00
Director
$0 $0 $0
KAREL LITTMAN EXECUTIVE DIRECTOR 45.00
Officer
$28,535 $0 $28,535
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
2024 $693,283 $650,778 $462,687 $42,505
2023 $742,849 $750,442 $418,276 $-7,593
2022 $719,519 $816,930 $629,116 $-97,411
2021 $657,863 $600,481 $539,024 $57,382
2020 $648,298 $515,256 $478,365 $133,042
2019 $660,582 $587,085 $343,803 $73,497
2018 $865,753 $773,840 $332,690 $91,913
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