CENTRAL DISTRICT MANAGEMENT ASSOCIATION

EIN: 141803886 501(c)(3) Community Improvement

ALBANY, NY

Total Revenue
$1,262,384
Total Expenses
$1,190,545
Total Assets
$3,198,160
Net Assets
$1,475,841
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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NY
Principal Officer
DAVID PARENTE
Phone
5184624300
Tax Period
2023-01-01 to 2023-12-31

CENTRAL DISTRICT MANAGEMENT ASSOCIATION, founded in 1998, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 77% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 6% surplus.

Mission

SEE BELOW.

Program Service Accomplishments

Program 1
Expenses: $392,104 Revenue: $38,171

SAFETY & MAINTENANCE THIS PROGRAM OPERATES A DAILY CLEANING PROGRAM USING THE ASSOCIATION'S "CLEAN TEAM." ACTIVITIES OF THIS PROGRAM INCLUDE BUT ARE NOT LIMITED TO DEALING WITH CRIME AND SAFETY...

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SAFETY & MAINTENANCE THIS PROGRAM OPERATES A DAILY CLEANING PROGRAM USING THE ASSOCIATION'S "CLEAN TEAM." ACTIVITIES OF THIS PROGRAM INCLUDE BUT ARE NOT LIMITED TO DEALING WITH CRIME AND SAFETY ISSUES RELATED TO CURRENT PROPERTY ISSUES, MERCHANT ISSUES RELATED TO LITTER, MAINTENANCE OF THE ASSOCIATION'S OWN EQUIPMENT AND REPLACEMENT OR REPAIR RESEARCH, HOLIDAY DECORATIONS, INSTALLATION OF SEASONAL AND VISUAL MEDIA AND HARDWARE, AND PARKING LOT MAINTENANCE.

Program 2
Expenses: $167,374

CORRIDOR DEVELOPMENT THIS PROGRAM INCLUDES THE WORK DONE BY THE ASSOCIATION'S STAFF TO RECRUIT AND ASSIST IN THE ECONOMIC DEVELOPMENT OF THE BUSINESS IMPROVEMENT DISTRICT (BID). ACTIVITIES OF THIS...

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CORRIDOR DEVELOPMENT THIS PROGRAM INCLUDES THE WORK DONE BY THE ASSOCIATION'S STAFF TO RECRUIT AND ASSIST IN THE ECONOMIC DEVELOPMENT OF THE BUSINESS IMPROVEMENT DISTRICT (BID). ACTIVITIES OF THIS PROGRAM INCLUDE BUT ARE NOT LIMITED TO INTERACTING WITH PROPERTY OWNERS ONREAL ESTATE AND NEW BUSINESS DEVELOPMENT, RESPONDING TO REQUESTS FOR AVAILABLE PROPERTIES, PLANNING AND DEVELOPMENT WITH A COMMUNITY PARTNER AND DEVELOPING STRATEGIC PARTNERS TO BRING NEEDED RESOURCES AND EFFORTS TO THE BID AREA.

Program 3
Expenses: $233,051

STEAM GARDEN THIS PROGRAM ENCOMPASSES THE DEVELOPMENT AND OPERATION OF THE 279 CENTRAL AVENUE PROPERTY. ACTIVITIES INCLUDE PRIMARILY THE SUPERVISION OF THE CONSTRUCTION AND FUTURE PROGRAM PLANNING OF...

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STEAM GARDEN THIS PROGRAM ENCOMPASSES THE DEVELOPMENT AND OPERATION OF THE 279 CENTRAL AVENUE PROPERTY. ACTIVITIES INCLUDE PRIMARILY THE SUPERVISION OF THE CONSTRUCTION AND FUTURE PROGRAM PLANNING OF THE BUILDING.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,223,235
Program Service Revenue $38,171
Investment Income $978
Other Revenue $0
TOTAL REVENUE $1,262,384

Expense Breakdown

Grants Paid $294,619
Salaries & Benefits $347,732
Fundraising Expenses $0
Program Expenses $1,061,291
Other Expenses $548,194
TOTAL EXPENSES $1,190,545

Year-over-Year Comparison

2023 2022 Change
Revenue $1,262,384 $713,635 +0.8%
Expenses $1,190,545 $819,688 +0.5%
Net Income $71,839 $-106,053 -1.7%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
8
Volunteers
15

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
$124,706
Total Directors
16
$124,706
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID PARENTE CHAIR 5.00
Officer Director
$0 $0 $0
KEN MORTENSEN VICE CHAIR 5.00
Officer Director
$0 $0 $0
DAN SANDERS CORPORATE TREASURER 5.00
Officer Director
$0 $0 $0
ELLIOTT ROSEN CORPORATE SECRETARY 5.00
Officer Director
$0 $0 $0
DARIUS SHAHINFAR DIRECTOR 5.00
Director
$0 $0 $0
JOHN VERO DIRECTOR 5.00
Director
$0 $0 $0
WONHYUNG LEE DIRECTOR 5.00
Director
$0 $0 $0
ASHLEY MOHL DIRECTOR 5.00
Director
$0 $0 $0
JONATHAN SCHERZER DIRECTOR 5.00
Director
$0 $0 $0
HON MICHAEL O'BRIEN DIRECTOR 5.00
Director
$0 $0 $0
PETER HUGHES DIRECTOR 5.00
Director
$0 $0 $0
FRANK ZEOLI DIRECTOR 5.00
Director
$0 $0 $0
HYDE CLARKE DIRECTOR 5.00
Director
$0 $0 $0
CHIEF ERIC HAWKINS DIRECTOR 5.00
Director
$0 $0 $0
ANTHONY CAPECE EXECUTIVE DIRECTOR 40.00
Officer Director
$124,706 $0 $124,706
JEFF MIREL DIRECTOR 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
2024 No data No data No data No data
2023 $1,262,384 $1,190,545 $3,198,160 $71,839
2022 $713,635 $819,684 $3,183,103 $-106,049
2022 $713,635 $819,688 $3,183,103 $-106,053
2021 $747,035 $701,431 $3,273,033 $45,604
2020 $777,821 $719,505 $3,679,627 $58,316
2019 $1,415,934 $587,195 $3,578,643 $828,739
2018 $908,989 $463,950 $1,212,761 $445,039
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