WESTCHESTER SQUARE DISTRICT MANAGEMENT ASSOCIATION INC

EIN: 383873130 501(c)(3) Community Improvement

BRONX, NY

Total Revenue
$598,032
Total Expenses
$691,915
Total Assets
$251,827
Net Assets
$248,298
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NY
Principal Officer
JOHN BONIZIO
Phone
7185974629
Tax Period
2023-07-01 to 2024-06-30

WESTCHESTER SQUARE DISTRICT MANAGEMENT ASSOCIATION INC, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $598K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $692K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO ADMINISTER NEW YORK CITY BUSINESS IMPROVEMENT DISTRICT PROGRAM FOR THE WESTCHESTER SQUARE SECTION OF THE BRONX, NEW YORK.

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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 $598,032
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $598,032

Expense Breakdown

Grants Paid $0
Salaries & Benefits $235,181
Fundraising Expenses $0
Program Expenses $479,783
Other Expenses $456,734
TOTAL EXPENSES $691,915

Year-over-Year Comparison

2023 2022 Change
Revenue $598,032 $651,970 -0.1%
Expenses $691,915 $616,356 +0.1%
Net Income $-93,883 $35,614 -3.6%
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
4
Independent Members
4
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
11
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN BONIZIO BOARD MEMBER 1.00
Director
$0 $0 $0
RICK MAGLIARI BOARD MEMBER 1.00
Director
$0 $0 $0
MARSHALL STRAWBRIDGE BOARD MEMBER 1.00
Director
$0 $0 $0
ANTISON ORTIZ BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL PISACANO BOARD MEMBER 1.00
Director
$0 $0 $0
JOANNA SIMONE BOARD MEMBER 1.00
Director
$0 $0 $0
CHARMAINE MANGAROO SBS BOARD MEMBER 1.00
Director
$0 $0 $0
MATTHEW CRUZ BOARD MEMBER 1.00
Director
$0 $0 $0
FRANCINE MARINO BOARD MEMBER 1.00
Director
$0 $0 $0
JOSE QUESADA BOARD MEMBER 1.00
Director
$0 $0 $0
HON AMANDA FARIAS BOARD MEMBER 1.00
Director
$0 $0 $0
GARY SHEPPARD CHAIRMAN 5.00
Officer
$0 $0 $0
VINCENT ANZALONE ESQ VICE-CHAIR 5.00
Officer
$0 $0 $0
CHARLES BENSON SECRETARY 5.00
Officer
$0 $0 $0
MICHAEL MCDERMOTT TREASURER 5.00
Officer
$0 $0 $0
YASMIN CRUZ EXECUTIVE DIRECTOR 35.00
Highest
$0 $0 $101,923
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 No data No data No data No data
2024 $598,032 $691,915 $251,827 $-93,883
2023 $651,970 $616,356 $350,638 $35,614
2022 $671,553 $621,621 $329,810 $49,932
2021 $548,170 $543,727 $271,143 $4,443
2020 $642,755 $559,103 $254,804 $83,652
2019 $751,966 $677,266 $173,817 $74,700
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