WESTCHESTER SQUARE DISTRICT MANAGE… - Form 990 Financial Data

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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

2012

Legal Domicile

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 IN THE WESTCHESTER SQUARE SECTION OF THE BRONX, NEW YORK.

Program Service Accomplishments

Program 1

Expenses: $479,783

THE ORGANIZATION PROVIDES SANITATION, STREET DECORATIONS, LOCAL BUSINESS PROMOTION AND HOLIDAY LIGHTING TO 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%)

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

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

WESTCHESTER SQUARE DISTRICT MANAGEMENT ASSOCIATION INC