Bayside Village Business Improvement District Inc

EIN: 262931126 501(c)(3) Community Improvement

Bayside, NY

Total Revenue
$372,728
Total Expenses
$380,396
Total Assets
$205,926
Net Assets
$163,747
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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
2008
Legal Domicile
NY
Principal Officer
Jeffrey Reinhart
Phone
7184232434
Tax Period
2024-07-01 to 2025-06-30

Bayside Village Business Improvement District Inc, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $373K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

Provide Services as Holiday Lights and Sanitation for the Enjoyment, Protection, Promotion and Enhancement of the District.

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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 $142,728
Program Service Revenue $230,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $372,728

Expense Breakdown

Grants Paid $0
Salaries & Benefits $130,608
Fundraising Expenses $0
Program Expenses $297,154
Other Expenses $249,788
TOTAL EXPENSES $380,396

Year-over-Year Comparison

2024 2023 Change
Revenue $372,728 $322,011 +0.2%
Expenses $380,396 $335,625 +0.1%
Net Income $-7,668 $-13,614 -0.4%
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
20
Independent Members
20
Employees
2
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
$0
Total Directors
20
$84,692
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Noah Sheroff Executive Dir. 35.00
Director
$84,692 $0 $84,692
Dominick Bruccoleri Board Member 2.00
Director
$0 $0 $0
Harry Mordjikian Board Member 0.00
Director
$0 $0 $0
Mark Boccia 2nd Vice-Chair 5.00
Officer Director
$0 $0 $0
Pat Perulli Vice Chair 2.00
Officer Director
$0 $0 $0
Vivek Sukumaran Board Member 0.00
Director
$0 $0 $0
James Riso Board Member 2.00
Director
$0 $0 $0
Harry Rutgers Board Member 2.00
Director
$0 $0 $0
Jeffrey Reinhart Board Chair 2.00
Officer Director
$0 $0 $0
Sanjay Ahuja Board Member 0.00
Director
$0 $0 $0
Herbert Cheng Treasurer 2.00
Officer Director
$0 $0 $0
Joe Han Secretary 2.00
Officer Director
$0 $0 $0
Michael Melamed Board Member 2.00
Director
$0 $0 $0
John Ryan Board Member 2.00
Director
$0 $0 $0
John Bonavita Board Member 2.00
Director
$0 $0 $0
Saki Petridis Board Member 2.00
Director
$0 $0 $0
James Mongeluzo Board Member 2.00
Director
$0 $0 $0
Patrick Jordan Board Member 2.00
Director
$0 $0 $0
Paul DiBenedetto Board Member 2.00
Director
$0 $0 $0
Dominique Short Board Member 2.00
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
2025 $372,728 $380,396 $205,926 $-7,668
2024 $322,011 $335,625 $231,528 $-13,614
2023 $355,263 $385,547 $262,042 $-30,284
2022 $338,983 $309,308 $258,651 $29,675
2021 $247,500 $207,431 $240,739 $40,069
2020 $257,970 $221,513 $178,671 $36,457
2019 $297,260 $252,084 $141,790 $45,176
2018 $257,470 $226,067 $112,427 $31,403
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