SEASIDE HEIGHTS BUSINESS IMPROVEMENT DISTRICT INC

EIN: 223708492 501(c)(3) Community Improvement

SEASIDE HEIGHTS, NJ

Total Revenue
$494,595
Total Expenses
$376,197
Total Assets
$205,041
Net Assets
$186,098
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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
2000
Principal Officer
ANGELA LOMBARDI
Phone
7328548000
Tax Period
2023-01-01 to 2023-12-31

SEASIDE HEIGHTS BUSINESS IMPROVEMENT DISTRICT INC, founded in 2000, is a small nonprofit in the Community Improvement sector that reported $495K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $118K, a strong 24% operating margin.

Mission

TO PROVIDE ECONOMIC REVITALIZATION AND NEIGHBORHOOD PRESERVATION TO THE BOROUGH OF SEASIDE HEIGHTS.

Program Service Accomplishments

Program 1
Expenses: $314,582 Revenue: $95,478

TO PROVIDE ECONOMIC REVITALIZATION AND NEIGHBORHOOD PRESERVATION TO THE BOROUGH OF SEASIDE HEIGHTS, INCLUDING SPONSORING AND ORGANIZING EVENTS, MAINTAINING THE PUBLIC RESTROOMS AND ADVERTISING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $399,117
Program Service Revenue $95,478
Investment Income $0
Other Revenue $0
TOTAL REVENUE $494,595

Expense Breakdown

Grants Paid $0
Salaries & Benefits $114,004
Fundraising Expenses $0
Program Expenses $314,582
Other Expenses $262,193
TOTAL EXPENSES $376,197

Year-over-Year Comparison

2023 2022 Change
Revenue $494,595 $362,956 +0.4%
Expenses $376,197 $400,965 -0.1%
Net Income $118,398 $-38,009 -4.1%
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
21
Independent Members
21
Employees
5
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
4
$0
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF BOWDEN DIRECTOR N/A
Director
$0 $0 $0
THOMAS BOYD DIRECTOR N/A
Director
$0 $0 $0
MICHAEL CARBONE DIRECTOR N/A
Director
$0 $0 $0
CAROL DURKIN TREASURER N/A
Officer Director
$0 $0 $0
MICHAEL GRAICHEN DIRECTOR N/A
Director
$0 $0 $0
PATRICIA HERSHEY DIRECTOR N/A
Director
$0 $0 $0
JEFF JACKSON DIRECTOR N/A
Director
$0 $0 $0
GREGORY KOHR DIRECTOR N/A
Director
$0 $0 $0
ELIZABETH KING SECRETARY N/A
Officer Director
$0 $0 $0
ANGELA LOMBARDI CHAIRMAN N/A
Officer Director
$0 $0 $0
JOSEPH LOUNDY DIRECTOR N/A
Director
$0 $0 $0
MICHAEL LOUNDY DIRECTOR N/A
Director
$0 $0 $0
SIDNEY LOUNDY DIRECTOR N/A
Director
$0 $0 $0
KENNETH MACCHIAVERNA DIRECTOR N/A
Director
$0 $0 $0
GLENN MCCARTHY DIRECTOR N/A
Director
$0 $0 $0
JAMES MAGLIES DIRECTOR N/A
Director
$0 $0 $0
JOHN MCGRATH VICE CHAIR N/A
Officer Director
$0 $0 $0
ARRON RUSTICI DIRECTOR N/A
Director
$0 $0 $0
KRISTOFOR SABEY DIRECTOR N/A
Director
$0 $0 $0
HARRY SMITH DIRECTOR N/A
Director
$0 $0 $0
CHRISTOPHER VAZ DIRECTOR N/A
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 $494,595 $376,197 $205,041 $118,398
2023 No data No data No data No data
2022 $362,956 $400,965 $78,884 $-38,009
2022 $371,429 $415,557 $78,887 $-44,128
2021 $393,345 $388,191 $130,860 $5,154
2020 $294,005 $266,425 $124,369 $27,580
2019 $405,781 $385,696 $98,594 $20,085
2018 $468,671 $405,994 $100,598 $62,677
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