CENTRAL SQUARE BUSINESS IMPROVEMEN… - 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

2019

Legal Domicile

Principal Officer

MICHAEL S MONESTIME

Phone

6179452418

Tax Period

2024-07-01 to 2025-06-30

CENTRAL SQUARE BUSINESS IMPROVEMENT DISTRICT INC, founded in 2019, is a community nonprofit in the Community Improvement sector that reported $3.5M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO ENERGIZE CAMBRIDGES CENTRAL SQUARE BY BRINGING ADDITIONAL MANAGEMENT AND RESOURCES TO THE MAINTENANCE AND PROGRAMMING OF THE STREETS AND OTHER PUBLIC SPACES

Program Service Accomplishments

Program 1

Expenses: $2,534,333 Revenue: $2,275,362

TO STRENGTHEN THE LOOK AND FEEL OF PUBLIC SPACES BY CLEANING, MANAGING, AND UPGRADING STREETS AND SIDEWALKS; ADD LANDSCAPING, STREET FURNITURE, DECORATIONS AND ACTIVITIES; COORDINATE AND ENCOURAGE...

TO STRENGTHEN THE LOOK AND FEEL OF PUBLIC SPACES BY CLEANING, MANAGING, AND UPGRADING STREETS AND SIDEWALKS; ADD LANDSCAPING, STREET FURNITURE, DECORATIONS AND ACTIVITIES; COORDINATE AND ENCOURAGE PUBLIC AND PRIVATE INVESTMENT TO UPGRADE STREET-LEVEL USES; AND BRING ADDITIONAL RESOURCES TO ASSIST EXISTING, AND ATTRACT NEW, BUSINESSES.

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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 $1,996,356

Program Service Revenue $1,398,577

Investment Income $0

Other Revenue $60,064

TOTAL REVENUE $3,454,997

Expense Breakdown

Grants Paid $0

Salaries & Benefits $583,872

Fundraising Expenses $182,760

Program Expenses $2,534,333

Other Expenses $2,789,457

TOTAL EXPENSES $3,373,329

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,454,997	$3,008,970	+0.1%
Expenses	$3,373,329	$3,231,674	+0.0%
Net Income	$81,668	$-222,704	-1.4%

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

$210,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	CHAIRMAN	5.00	Officer Director	$0	$0	$0
N/A	TREASURER	5.00	Officer Director	$0	$0	$0
N/A	DIRECTOR	1.00	Director	$0	$0	$0
N/A	DIRECTOR	1.00	Director	$0	$0	$0
N/A	DIRECTOR	1.00	Director	$0	$0	$0
N/A	DIRECTOR	1.00	Director	$0	$0	$0
N/A	DIRECTOR	1.00	Director	$0	$0	$0
N/A	DIRECTOR	1.00	Director	$0	$0	$0
N/A	DIRECTOR	1.00	Director	$0	$0	$0
N/A	DIRECTOR	1.00	Director	$0	$0	$0
N/A	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL S MONESTIME	PRESIDENT	40.00	Officer	$210,000	$0	$210,000
N/A	DIRECTOR	1.00	Director	$0	$0	$0
N/A	DIRECTOR	1.00	Director	$0	$0	$0
N/A	DIRECTOR	1.00	Director	$0	$0	$0
N/A	DIRECTOR	1.00	Director	$0	$0	$0
N/A	DIRECTOR	1.00	Director	$0	$0	$0
N/A	DIRECTOR	1.00	Director	$0	$0	$0
N/A	DIRECTOR	1.00	Director	$0	$0	$0
VERN GILCHRIST	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN FEHLING	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS JILLSON	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD HARDING	DIRECTOR	1.00	Director	$0	$0	$0
MICAHEL SIMON	DIRECTOR	1.00	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
2025	$3,454,997	$3,373,329	$3,217,205	$81,668
2024	No data	No data	No data	No data
2023	$2,561,839	$2,643,218	$983,625	$-81,379
2022	$2,519,554	$2,418,055	$657,722	$101,499
2021	$2,714,649	$2,679,965	$220,247	$34,684
2020	$1,467,752	$1,314,903	$210,073	$152,849

CENTRAL SQUARE BUSINESS IMPROVEMENT DISTRICT INC