MIDTOWN PROPERTY AND BUSINESS OWNE… - 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

2015

Legal Domicile

Principal Officer

KENNETH MCDONALD

Phone

5625918753

Tax Period

2020-01-01 to 2020-12-31

MIDTOWN PROPERTY AND BUSINESS OWNERS ASSOCIATION, founded in 2015, is a small nonprofit that reported $185K in total revenue in fiscal year 2020. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

TO ENHANCE THE MIDTOWN BUSINESS COMMUNITY BY INVESTING IN SAFETY, BEAUTIFICATION AND ECONOMIC DEVELOPMENT.

Program Service Accomplishments

Program 1

CLEAN AND BEAUTIFUL PROGRAM: PROVIDE SERVICES TO THE ASSESSED PROPERTIES WITHIN THE DISTRICT BOUNDARIES TO KEEP THE AREA CLEAN AND BEAUTIFUL. THIS INCLUDES: SIDEWALK CLEANING AND GRAFFITI REMOVAL.

Program 2

SAFE TEAM PROGRAM: PROVIDE SECURITY SERVICES FOR THE INDIVIDUAL ASSESSED PARCELS LOCATED WITHIN THE DISTRICT IN THE FORM OF PATROLS, AND WALKING PATROLS. THE SAFETY TEAM WILL DETER ILLEGAL ACTIVITIES IN THE DISTRICT AREA AND WILL SUPPLEMENT, NOT REPLACE, OTHER ONGOING POLICE, SECURITY, AND PATROL EFFORTS WITHIN THE DISTRICT.

Program 3

MARKETING/COMMUNICATION: TO BRING INCREASED AWARENESS OF THE BUSINESSES WITHIN THE DISTRICT AND THEIR INDIVIDUAL OFFERINGS. THIS INCREASED AWARENESS WILL ATTRACT NEW CUSTOMERS TO THE DISTRICT...

MARKETING/COMMUNICATION: TO BRING INCREASED AWARENESS OF THE BUSINESSES WITHIN THE DISTRICT AND THEIR INDIVIDUAL OFFERINGS. THIS INCREASED AWARENESS WILL ATTRACT NEW CUSTOMERS TO THE DISTRICT BUSINESSES AND PROVIDE AN INCREASE IN COMMERCIAL ACTIVITY, WHICH WILL DIRECTLY RELATE TO THE INCREASE IN LEASE RATES AND FURTHER ENHANCE COMMERCE.

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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 (2020)

Revenue Breakdown

Contributions & Grants $2,500

Program Service Revenue $182,210

Investment Income $0

Other Revenue $0

TOTAL REVENUE $184,710

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $202,134

TOTAL EXPENSES $202,134

Year-over-Year Comparison

	2020	2019	Change
Revenue	$184,710	$156,870	+0.2%
Expenses	$202,134	$176,436	+0.1%
Net Income	$-17,424	$-19,566	-0.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONG BE	DIRECTOR	2.00	Director	$0	$0	$0
GARY UNG	DIRECTOR	2.00	Director	$0	$0	$0
SUSANA SNGIEM	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES SONG	DIRECTOR	2.00	Director	$0	$0	$0
KENNETH MCDONALD	CHAIR	3.00	Officer Director	$0	$0	$0
PASIN CHANOU	VICE-CHAIR	3.00	Officer Director	$0	$0	$0
LISA PATTON	TREASURER	3.00	Officer Director	$0	$0	$0
PETER KONG	SECRETARY	3.00	Officer 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
2020	$184,710	$202,134	$106,352	$-17,424
2019	$156,870	$176,436	$123,776	$-19,566
2018	$158,840	$158,014	$164,776	$826

MIDTOWN PROPERTY AND BUSINESS OWNERS ASSOCIATION