COURT-LIVINGSTON-SCHERMERHORN DISTRICT MANAGEMENT ASSOCIATION INC

EIN: 261116774 501(c)(3) Community Improvement

BROOKLYN, NY

Total Revenue
$1,700,491
Total Expenses
$1,639,890
Total Assets
$404,905
Net Assets
$117,001
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
NY
Principal Officer
REGINA MYER
Phone
7184031600
Tax Period
2024-07-01 to 2025-06-30

COURT-LIVINGSTON-SCHERMERHORN DISTRICT MANAGEMENT ASSOCIATION INC, founded in 2007, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2024. Expenses of $1.6M left a modest 4% surplus.

Mission

PROMOTE THE VITALITY AND ECONOMIC GROWTH OF A BUSINESS IMPROVEMENT DISTRICT LOCATED IN NYC.

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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 $1,675,000
Investment Income $25,491
Other Revenue $0
TOTAL REVENUE $1,700,491

Expense Breakdown

Grants Paid $0
Salaries & Benefits $333,475
Fundraising Expenses $0
Program Expenses $1,314,594
Other Expenses $1,306,415
TOTAL EXPENSES $1,639,890

Year-over-Year Comparison

2024 2023 Change
Revenue $1,700,491 $1,649,080 +0.0%
Expenses $1,639,890 $1,588,073 +0.0%
Net Income $60,601 $61,007 0.0%
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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Governance

Voting Members
13
Independent Members
13
Employees
N/A
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
4
$607,688
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAULA INGRAM CHAIR 0.50
Officer Director
$0 $0 $0
LINCOLN FRITZ TREASURER 0.50
Officer Director
$0 $0 $0
AL LABOZ DIRECTOR 0.50
Director
$0 $0 $0
NAKITA WALKER DIRECTOR 0.50
Director
$0 $0 $0
ANTHONY BORELLI DIRECTOR 0.50
Director
$0 $0 $0
ARAM MARCELLE DIRECTOR 0.50
Director
$0 $0 $0
ARI GROSSMAN DIRECTOR 0.50
Director
$0 $0 $0
DAVID LOMBINO DIRECTOR 0.50
Director
$0 $0 $0
JAMIE ANTHONY DIRECTOR 0.50
Director
$0 $0 $0
JON MCMILLAN DIRECTOR 0.50
Director
$0 $0 $0
JULIET CULLEN-CHEUNG DIRECTOR 0.50
Director
$0 $0 $0
PENDA AIKEN DIRECTOR 0.50
Director
$0 $0 $0
SCOTT KOSTER DIRECTOR 0.50
Director
$0 $0 $0
REGINA MYER PRESIDENT 10.00
Officer
$0 $54,249 $498,532
JENNIFER TAUSIG OUTGOING S.V.P. OF FINANCE & OPERATIONS 45.00
Officer
$0 $6,288 $109,156
BELINDA CAPE S.V.P. OF COMM. & PUBLIC AFFAIRS 45.00
Highest
$0 $11,886 $198,986
PETER COYNE DIRECTOR OF PUBLIC SAFETY 45.00
Highest
$0 $9,426 $189,305
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 $1,700,491 $1,639,890 $404,905 $60,601
2024 No data No data No data No data
2023 $1,402,542 $1,440,646 $156,746 $-38,104
2022 $1,403,805 $1,414,290 $846,819 $-10,485
2021 $1,400,308 $1,358,296 $429,409 $42,012
2020 $1,404,754 $1,392,174 $1,063,665 $12,580
2019 $910,071 $1,141,337 $261,917 $-231,266
2018 $911,561 $1,013,724 $355,101 $-102,163
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