DUMBO DISTRICT MANAGEMENT ASSOCIATION INC

EIN: 200214837 501(c)(3) Public Safety

BROOKLYN, NY

Total Revenue
$2,339,545
Total Expenses
$2,321,124
Total Assets
$505,240
Net Assets
$239,125
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NY
Phone
7182378700
Tax Period
2024-07-01 to 2025-06-30

DUMBO DISTRICT MANAGEMENT ASSOCIATION INC, founded in 2003, is a community nonprofit in the Public Safety sector that reported $2.3M in total revenue in fiscal year 2024.

Mission

THE ASSOCIATION IS DEDICATED TO ENHANCING AND PROMOTING THE COMMUNITY KNOWN AS DUMBO ( DOWN UNDER THE MANHATTAN BRIDGE OVERPASS)IN THE BOROUGH OF BROOKLYN, NEW YORK. THE ASSOCIATION SHOWCASES DUMBO AS A WORLD CLASS DESTINATION AND A CENTER FOR BUSINESS.

Program Service Accomplishments

Program 1
Expenses: $787,791

Sanitation Services:DUMBO - sanitation maintains for the cleaning of streets and public spaces, watering of plants and removal of graffiti in the DUMBO district. DUMBOs maintenance improves and...

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Sanitation Services:DUMBO - sanitation maintains for the cleaning of streets and public spaces, watering of plants and removal of graffiti in the DUMBO district. DUMBOs maintenance improves and maintains the overall appearance of the district.

Program 2
Expenses: $736,534

Events and Programming:DUMBO free community events including public art, concerts, movies, and family festivals. Under an agreement with the City of New York, DUMBO is allowed to use Pearl Plaza for...

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Events and Programming:DUMBO free community events including public art, concerts, movies, and family festivals. Under an agreement with the City of New York, DUMBO is allowed to use Pearl Plaza for these events as long as the revenues raised at these events through concessions go back into maintenance of Pearl Plaza. DUMBO sub-contracts the maintenance of Pearl Plaza through agreements with DUMBO BID and the NYC Department of Transportation.

Program 3
Expenses: $597,912

Marketing Economic Development:DUMBO provides an amenity to the people who work, live, and visit DUMBO's public spaces. DUMBO promotes the district to workers, residents and tourists and to retain...

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Marketing Economic Development:DUMBO provides an amenity to the people who work, live, and visit DUMBO's public spaces. DUMBO promotes the district to workers, residents and tourists and to retain business, distribution of electronic and free printed materials such as maps, guides, newsletters, and other information.

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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 $162,126
Program Service Revenue $2,177,419
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,339,545

Expense Breakdown

Grants Paid $52,716
Salaries & Benefits $923,911
Fundraising Expenses $20,092
Program Expenses $2,122,237
Other Expenses $1,344,497
TOTAL EXPENSES $2,321,124

Year-over-Year Comparison

2024 2023 Change
Revenue $2,339,545 $2,170,018 +0.1%
Expenses $2,321,124 $2,195,008 +0.1%
Net Income $18,421 $-24,990 -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
22
Independent Members
21
Employees
4
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
5
$327,345
Total Directors
26
$327,345
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEXANDRIA SICA President 40.00
Officer Director
$253,630 $73,715 $327,345
Senior Vice President Senior VP 40.00
$165,400 $68,576 $233,976
Kalvis Mikelsteins Dir of Operations 40.00
$117,699 $47,902 $165,601
TOM MONTVEL-COHEN Director 3.00
Director
$0 $0 $0
Joseph Meng Director 3.00
Director
$0 $0 $0
Ayana Champagne Director 3.00
Director
$0 $0 $0
BRUCE SILVERGLADE Treasurer 3.00
Officer Director
$0 $0 $0
PETER BENEDETTO Director 3.00
Director
$0 $0 $0
CHARLIE CARA Director 3.00
Director
$0 $0 $0
SUSAN FELDMAN Director 3.00
Director
$0 $0 $0
JACK GUTTMAN Director 3.00
Director
$0 $0 $0
SALVATORE LEONARDI Director 3.00
Director
$0 $0 $0
JED WALENTAS Director 3.00
Director
$0 $0 $0
ASHER ABSHERA Director 3.00
Director
$0 $0 $0
JACK CAYRE Director 3.00
Director
$0 $0 $0
TANYA RYND Director 3.00
Director
$0 $0 $0
Lincoln Restler Director 3.00
Director
$0 $0 $0
Taya Muller Director 3.00
Director
$0 $0 $0
SAYAR LONIAL Chairman 3.00
Officer Director
$0 $0 $0
RAY LEVIN Director 3.00
Director
$0 $0 $0
DAVID LOMBINO Secretary 3.00
Officer Director
$0 $0 $0
JOHARI JENKINS Director 3.00
Director
$0 $0 $0
Joey Cummings Director 3.00
Director
$0 $0 $0
Brad Lander Director 3.00
Director
$0 $0 $0
Antonio Reynoso Director 3.00
Director
$0 $0 $0
Dynishal Gross Director 3.00
Director
$0 $0 $0
LAURA ROUMANOS Director 3.00
Director
$0 $0 $0
LINDSAY STUART Vice Chair 3.00
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 $2,339,545 $2,321,124 $505,240 $18,421
2024 $2,170,018 $2,195,008 $334,247 $-24,990
2023 $1,520,774 $1,728,010 $359,334 $-207,236
2022 $1,531,780 $1,668,016 $532,232 $-136,236
2021 $1,287,367 $1,365,018 $696,123 $-77,651
2020 $1,519,396 $1,343,543 $815,244 $175,853
2019 $1,428,904 $1,205,138 $586,094 $223,766
2018 $1,101,336 $1,038,866 $333,001 $62,470
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