DOWNTOWN BUSINESS IMPROVEMENT DIST… - 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

1997

Legal Domicile

Principal Officer

GERREN PRICE

Phone

2026383232

Tax Period

2024-10-01 to 2025-09-30

DOWNTOWN BUSINESS IMPROVEMENT DISTRICT CORPORATION, founded in 1997, is a mid-sized nonprofit that reported $17.8M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

TO ENHANCE THE ECONOMIC VITALITY OF THE MEMBERS OF THE DOWNTOWN BID AREA BY PROVIDING ADDITIONAL SAFETY AND MAINTENANCE SERVICES, AND OTHER SERVICES.

Program Service Accomplishments

Program 1

SAFETY - THE DOWNTOWN DC SAFETY PROGRAM HAS MADE THE DOWNTOWN ENVIRONMENT MORE INVITING AND INCREASED BOTH THE LEVEL AND THE PERCEPTION OF SAFETY ON THE DOWNTOWN STREETS, THROUGH THE FOLLOWING MAJOR FOCUS AREAS: SAFETY WORKERS PROVIDED VISIBLE, REASSURING PRESENCE ON THE STREETS WITH UNIFORMED FOOT PATROLS, WERE RADIO-EQUIPPED, AND PLACED A SPECIAL EMPHASIS ON HOSPITALITY; IMPROVED POLICE SERVICES, BY DOWNTOWN WORKERS SERVING AS ADDITIONAL "EYES AND EARS AND BY ENHANCED COMMUNICATION, ONGOING COORDINATION AND SUPPORT WITH AND FOR ALL LOCAL LAW ENFORCEMENT AGENCIES. THE PROGRAM ALSO IMPROVED ORDER MAINTENANCE, AND SERVED AS AN EFFECTIVE CRIME DETERRENT, THROUGH VISIBILITY AND CONSISTENT COVERAGE; DISSEMINATED SAFETY AND SECURITY-RELATED INFORMATION, PROVIDING A FORUM TO EXCHANGE INFORMATION, AND TO INCREASE THE PERCEPTION OF SAFETY ON THE DOWNTOWN STREETS.

Program 2

MAINTENANCE - DOWNTOWN MAINTENANCE TEAMS PROVIDED SIDEWALK AND CURB CLEANING, TRASH BAGGING, AND REMOVAL OF LITTER IN ALL 110 BLOCKS OF THE DOWNTOWN BID, PLACING SPECIAL EMPHASIS ON HEAVILY TRAVELED PEDESTRIAN AREAS, ESPECIALLY ON AFTERMATH OF MAJOR EVENTS. THE HEAVY MAINTENANCE CREW UTILIZED STREET CLEANING EQUIPMENT IN THE EARLY MORNING HOURS, PAINTED LIGHT POLES, UTILITY BOXES AND TRASH RECEPTACLES, AND MADE MINOR REPAIRS, ON A DAILY SCHEDULE. STREET-LEVEL GRAFFITI AND ILLEGAL POSTERS WERE REMOVED OR PAINTED OVER WITHIN 24 HOURS OF REPORT.

Program 3

HOMELESS - DBID PROVIDE DAY SERVICES CENTER FOR INDIVIDUAL ADULTS EXPERIENCING HOMELESS TO PROMOTE SELF-SUFFICIENCY, WELLNESS, RECOVERY AND EMPLOYMENT. THE OUTREACH TEAM ALSO CONNECTS INDIVIDUALS...

HOMELESS - DBID PROVIDE DAY SERVICES CENTER FOR INDIVIDUAL ADULTS EXPERIENCING HOMELESS TO PROMOTE SELF-SUFFICIENCY, WELLNESS, RECOVERY AND EMPLOYMENT. THE OUTREACH TEAM ALSO CONNECTS INDIVIDUALS EXPERIENCING HOMELESSNESS DOWNTOWN WITH THE DOWNTOWN DAY SERVICES CENTER TO SECURE PERMANENT HOUSING. FOR THE STAKEHOLDER, THE BID ADDRESS PUBLIC SPACE CLEANLINESS AND DEFECTS, LAW ENFORCEMENT, HOMELESS OUTREACH EFFORTS AND BUILDING/LIGHTING IMPROVEMENTS TO IMPROVE THE STREETSCAPE AND ENCOURAGE ORDERLINESS. THE BID CONTRACTS WITH SASHA BRUCE YOUTHWORK TO OPERATE THE YOUTH DROP-IN CENTER LOCATED AT 925 G STREET, NW. DOWNTOWN IS GATHERING PLACE FOR YOUNG PEOPLE EXPERIENCING HOMELESS WHO ARE DISINCLINED TO SEEK OUT ADULT SHELTERS OR SERVICE CENTERS.

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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 $3,705,420

Program Service Revenue $13,843,407

Investment Income $255,380

Other Revenue $0

TOTAL REVENUE $17,804,207

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,960,855

Fundraising Expenses $0

Other Expenses $14,452,208

TOTAL EXPENSES $18,413,063

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,804,207	$14,739,967	+0.2%
Expenses	$18,413,063	$15,824,007	+0.2%
Net Income	$-608,856	$-1,084,040	-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

$867,946

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MCCARTHY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KINGDON GOULD III	PAST CHAIR	1.00	Director	$0	$0	$0
MATTHEW KLEIN	PAST CHAIR	1.00	Director	$0	$0	$0
CHRIS MUNDY	TREASURER	1.00	Officer Director	$0	$0	$0
SHANTELLE GEORGE	SECRETARY	1.00	Officer Director	$0	$0	$0
AILEEN FUCHS	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
ANGIE GATES	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
ANN CHISHOLM	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
BRIAN GRANT	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
CRISPUS GORDON	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
DEAN VIOLAGIS	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
D'JUAN O'DONALD	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
IDA POLITE	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
JEFFREY BANK	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
JOHN MCDONNELL	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
JON DAVENHALL	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
KATHLEEN MELVILLE	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
KENNETH SCHWARTZ	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
KEVIN TIEN	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
KIM SAJET	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
KIMBERLY DOUGLAS	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
LAMONT AKINS	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
MARISA GERLA	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
MARSHALL MCNAIR	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
NORMAN JEMAL	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
PAUL R TETREAULT	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
PETER OTTENI	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
REVDRIANTHER MILLS	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
ROBERT HOFFMAN	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
ROBIN MCCLAIN	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
SCOTT FRISCH	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
SHERRY ABEDI	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
THOMAS E FINAN	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
WALLACE MLYNIEC	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
YENI WONG	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
GERREN PRICE	PRESIDENT AND CEO	40.00	Officer	$330,000	$52,504	$382,504
GERARD WIDDICOMBE	CHIEF FINANCIAL OFFICER	40.00	Officer	$206,976	$24,219	$231,195
RACHEL HARTMAN	CHIEF STRATEGY OFFICER	40.00	Officer	$205,176	$49,071	$254,247
SAMALA SATTERWHITE	DIRECTOR OF ADMINISTRATION	40.00	Highest	$144,106	$18,485	$162,591
LULU LIU	CONTROLLER	40.00	Highest	$148,837	$32,514	$181,351
LUKAS UMANA	SR. DIR. OF PUBLIC SPACE OPS.	40.00	Highest	$164,175	$27,214	$191,389
EBONY WALTON	DIR. OF MARKETING & COMM.	40.00	Highest	$149,588	$13,434	$163,022

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	$17,804,207	$18,413,063	$18,746,919	$-608,856
2024	$14,739,967	$15,824,007	$16,483,398	$-1,084,040
2023	$16,064,624	$16,052,715	$19,026,228	$11,909
2022	$16,513,182	$16,888,611	$13,661,033	$-375,429
2021	$15,153,939	$14,451,662	$12,848,344	$702,277
2020	$14,675,476	$11,002,256	$11,072,777	$3,673,220
2019	$14,177,541	$12,515,096	$7,816,632	$1,662,445
2018	$11,637,566	$11,418,540	$5,560,579	$219,026

DOWNTOWN BUSINESS IMPROVEMENT DISTRICT CORPORATION