THE DOWNTOWNWATERFRONT BUSINESS IMPROVEMENT DIST INC OF YONKERS NY

EIN: 320000310 501(c)(3) Community Improvement

YONKERS, NY

Total Revenue
$1,674,718
Total Expenses
$1,890,094
Total Assets
$332,892
Net Assets
$209,472
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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
NY
Principal Officer
KEN DEARDEN
Phone
9149696660
Tax Period
2024-01-01 to 2024-12-31

THE DOWNTOWNWATERFRONT BUSINESS IMPROVEMENT DIST INC OF YONKERS NY, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $1.9M exceeded revenue, resulting in a 13% operating deficit.

Mission

THE YONKERS DOWNTOWN/WATERFRONT BUSINESS IMPROVEMENT DISTRICT SHALL SERVE THE SPECIAL IMPROVEMENT DISTRICT IDENTIFIED WITHIN ITS GEOGRAPHICALLY SPECIFIED BOUNDS, THE YONKERS BUSINESS COMMUNITY AND THE CITY OF YONKERS TO FORMULATE, PROMOTE AND IMPLEMENT THE ECONOMIC REVITALIZATION AND GENERAL WELFARE OF THE DISTRICT AND THE CITY, PROMOTE AND PRESERVE THE CULTURAL, HISTORIC, TOURIST AND CIVIC INTERESTS OF THE DISTRICT AND THE CITY; MOBILIZE AVAILABLE PUBLIC AND PRIVATE RESOURCES FOR THESE PURPOSES; PROVIDE A MECHANISM BY WHICH SERVICE FIRMS, RETAIL ESTABLISHMENTS, PROPERTY OWNERS, EMPLOYERS, CITIZENS, AND OTHERS CAN COOPERATE TO PROMOTE BUSINESS OPPORTUNITIES, EMPLOYMENT, CONSUMER CHOICES, SHOPPERS' FACILITIES, AND THE GENERAL CIVIC INTERESTS; AND AID, WORK WITH, AND PARTICIPATE IN THE ACTIVITIES OF OTHER ORGANIZATIONS, INDIVIDUALS AND PUBLIC AND PRIVATE ENTITIES WITHIN AND OUTSIDE THE CITY ENGAGED IN SIMILAR ACTIVITES.

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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 $179,000
Program Service Revenue $1,493,193
Investment Income $2,525
Other Revenue $0
TOTAL REVENUE $1,674,718

Expense Breakdown

Grants Paid $0
Salaries & Benefits $853,463
Fundraising Expenses $0
Program Expenses $1,691,999
Other Expenses $1,036,631
TOTAL EXPENSES $1,890,094

Year-over-Year Comparison

2024 2023 Change
Revenue $1,674,718 $1,772,195 -0.1%
Expenses $1,890,094 $1,877,423 +0.0%
Net Income $-215,376 $-105,228 +1.0%
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
12
Independent Members
12
Employees
17
Volunteers
60

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
3
$124,988
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEN DEARDEN CHAIRMAN 5.00
Officer Director
$0 $0 $0
AVI AARONS VICE CHAIR 5.00
Officer Director
$0 $0 $0
HON MIKE SPANO BOARD MEMBER 2.00
Director
$0 $0 $0
JOHN LISZEWSKI BOARD MEMBER 2.00
Director
$0 $0 $0
GARRY KLEIN BOARD MEMBER 2.00
Director
$0 $0 $0
ROBERT HOTHAN BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAEL MITNICK BOARD MEMBER 2.00
Director
$0 $0 $0
ANDREW ROMANO BOARD MEMBER 2.00
Director
$0 $0 $0
MARIE COLAIANNI BOARD MEMBER 2.00
Director
$0 $0 $0
DEANNA ROBINSON BOARD MEMBER 2.00
Director
$0 $0 $0
PETER MURRAY BOARD MEMBER 2.00
Director
$0 $0 $0
JESSE DEUTCH BOARD MEMBER 2.00
Director
$0 $0 $0
SARA BRODY EXECUTIVE DI 40.00
Officer
$124,988 $0 $124,988
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 $1,674,718 $1,890,094 $332,892 $-215,376
2023 $1,772,195 $1,877,423 $473,605 $-105,228
2022 $1,907,579 $1,883,629 $683,368 $23,950
2021 $1,486,178 $1,287,942 $612,980 $198,236
2020 $1,141,850 $914,653 $356,813 $227,197
2019 $1,173,874 $1,232,660 $304,726 $-58,786
2018 $871,358 $973,652 $174,634 $-102,294
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