SOHO BROADWAY DISTRICT MANAGEMENT … - 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

2014

Legal Domicile

Principal Officer

ERIN PISCOPINK

Phone

2123901131

Tax Period

2024-07-01 to 2025-06-30

SOHO BROADWAY DISTRICT MANAGEMENT ASSOCIATION INC, founded in 2014, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2024. The organization ran a surplus of $175K, a strong 16% operating margin.

Mission

TO FOSTER A UNIQUE, VIBRANT, MIXED-USE DISTRICT WITH ENHANCED MAINTENANCE AND PUBLIC SAFETY, EFFECTIVE ADVOCACY AND ADMINISTRATION, TECHNICAL AND PROFESSIONAL SERVICES FOR ITS MEMBERS, AND STRATEGIC CAPITAL IMPROVEMENTS.

Program Service Accomplishments

Program 1

Expenses: $419,570 Revenue: $125,001

SANITATION - MAINTAINING CLEAN STREETS/CURBS AND GARBAGE REMOVAL.

Program 2

Expenses: $223,636

COMMUNITY DEVELOPMENT - ENGAGING WITH GOVERNMENT OFFICIALS TO ADDRESS ISSUES FACING THE SOHO BROADWAY COMMUNITY AND INFORMING COMMUNITY MEMBERS OF THE LATEST ORGANIZATION AND COMMUNITY ACTIVITIES.

Program 3

Expenses: $26,955

PUBLIC SAFETY - ADDRESSING USES OF PUBLIC SPACES ALONG SOHO'S BROADWAY WITH A FOCUS ON USES THAT CREATE SIDEWALK CONGESTION AND WORKING WITH THE CITY OF NEW YORK TO ALLOCATE RESOURCES TO IMPROVE...

PUBLIC SAFETY - ADDRESSING USES OF PUBLIC SPACES ALONG SOHO'S BROADWAY WITH A FOCUS ON USES THAT CREATE SIDEWALK CONGESTION AND WORKING WITH THE CITY OF NEW YORK TO ALLOCATE RESOURCES TO IMPROVE PUBLIC SAFETY AND SIDEWALK CONGESTION ISSUES ALONG BROADWAY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $55,073

Program Service Revenue $1,025,001

Investment Income $30,644

Other Revenue $0

TOTAL REVENUE $1,110,718

Expense Breakdown

Grants Paid $0

Salaries & Benefits $346,123

Fundraising Expenses $0

Program Expenses $670,161

Other Expenses $589,363

TOTAL EXPENSES $935,486

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,110,718	$1,115,728	0.0%
Expenses	$935,486	$814,029	+0.1%
Net Income	$175,232	$301,699	-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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$126,848

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES CAVELLO	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHELLE CHOI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SHARON ERMILIO	SECRETARY	1.00	Officer Director	$0	$0	$0
ARIF SHAH	TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD BENENSON	DIRECTOR	1.00	Director	$0	$0	$0
ANDERS HOLST	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL KLAUSS	DIRECTOR	1.00	Director	$0	$0	$0
EMILY HELLSTROM	DIRECTOR	1.00	Director	$0	$0	$0
GASTON SILVA	DIRECTOR	1.00	Director	$0	$0	$0
GREG KRAUT	DIRECTOR	1.00	Director	$0	$0	$0
JASON VACKER	DIRECTOR	1.00	Director	$0	$0	$0
JEANNETTE RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
JED ROOT	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PASQUALE	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET BAISLEY	DIRECTOR	1.00	Director	$0	$0	$0
NEITH STONE	DIRECTOR	1.00	Director	$0	$0	$0
PETER DAVIES	DIRECTOR	1.00	Director	$0	$0	$0
RONNIE WOLF	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN SHOEMAKER	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS MARTE	DIRECTOR	1.00	Director	$0	$0	$0
WARREN LESHEN	DIRECTOR	1.00	Director	$0	$0	$0
ERIC ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
BRAD LANDER	DIRECTOR	1.00	Director	$0	$0	$0
MARK LEVINE	DIRECTOR	1.00	Director	$0	$0	$0
ERIN PISCOPINK	EXECUTIVE DIRECTOR	40.00	Officer	$106,991	$19,857	$126,848

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	$1,110,718	$935,486	$1,104,074	$175,232
2024	$1,115,728	$814,029	$941,696	$301,699
2023	$1,004,283	$1,099,983	$723,493	$-95,700
2022	$959,820	$925,224	$620,408	$34,596
2021	$946,538	$893,327	$588,131	$53,211
2020	$1,021,988	$823,764	$549,741	$198,224
2019	$940,379	$724,947	$319,589	$215,432
2018	$565,049	$675,933	$107,183	$-110,884

SOHO BROADWAY DISTRICT MANAGEMENT ASSOCIATION INC