NEWMARKET BUSINESS IMPROVEMENT DISTRICT INC

EIN: 874519402 501(c)(3) Community Improvement

BOSTON, MA

Total Revenue
$3,681,214
Total Expenses
$3,600,963
Total Assets
$1,226,058
Net Assets
$970,846
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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
MA
Principal Officer
SUSAN SULLIVAN
Phone
6172337565
Tax Period
2023-07-01 to 2024-06-30

NEWMARKET BUSINESS IMPROVEMENT DISTRICT INC, founded in 2022, is a community nonprofit in the Community Improvement sector that reported $3.7M in total revenue in fiscal year 2023.

Mission

THE PURPOSE OF THIS CORPORATION IS TO DEVELOP, IMPLEMENT, MANAGE, OPERATE, ENHANCE AND PROMOTE THE GENERAL WELFARE OF THE PEOPLE WITHIN THE DESIGNATED NEWMARKET BUSINESS IMPROVEMENT DISTRICT, THROUGH ACTIVITIES, PROGRAMS, AND SERVICES TO INCLUDE BUT NOT BE LIMITED TO MARKETING, MAINTENANCE, SECURITY, PLANNING AND PHYSICAL IMPROVEMENTS TO THE DISTRICT ALL BEING SUPPLEMENTAL TO THOSE PROVIDED BY THE CITY OF BOSTON.

Program Service Accomplishments

Program 1
Expenses: $1,369,590 Revenue: $452,500

TRANSIT AND TRANSPORTATION PROGRAMIN JULY, 2022 WE SET A VERY AMBITIOUS GOAL OF HAVING OUR BID SHUTTLE SYSTEM UP AND RUNNING BY THE BEGINNING OF SEPTEMBER, AND THE 3 NEW SHUTTLES WENT ON-LINE ON...

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TRANSIT AND TRANSPORTATION PROGRAMIN JULY, 2022 WE SET A VERY AMBITIOUS GOAL OF HAVING OUR BID SHUTTLE SYSTEM UP AND RUNNING BY THE BEGINNING OF SEPTEMBER, AND THE 3 NEW SHUTTLES WENT ON-LINE ON SEPTEMBER 6TH, THE DAY AFTER LABOR DAY. OUR 1ST SHUTTLE, THE SOUTH BAY SHUTTLE, HAD ALREADY BEEN RUNNING SINCE OCTOBER 2020.EACH SHUTTLE HAS ITS OWN DEFINED ROUTE AND THE SYSTEM IS DESIGNED TO PROVIDE SERVICE TO THE GREATEST AREA OF NEWMARKET POSSIBLE. THE SHUTTLES ARE BROKEN OUT IN THIS WAY:1. THE SOUTH BAY SHUTTLE MAKES A CONTINUOUS LOOP FROM ANDREW STATION ON THE RED LINE TO STOPS IN SOUTH BAY CENTER AND ON MASS. AVE NEAR COLUMBIA ROAD. THIS SHUTTLE RUNS FROM 10:30AM-1AM, 7 DAYS A WEEK.2. THE ALBANY SHUTTLE RUNS A CONTINUOUS LOOP M-F, FROM 6AM-10AM AND FROM 4PM-10PM BETWEEN THE 610 ALBANY STREET GARAGE AND THE 710 ALBANY STREET GARAGE. THIS SHUTTLE IS PRIMARILY FOR THOSE WORKING OR VISITING THE BMC HOSPITAL, THE BU SCHOOL OF MEDICINE, AND OTHER LOCAL BUSINESSES. 3. THE ANDREWS SHUTTLE PROVIDES A CONTINUOUS LOOP OF SERVICE FROM ANDREWS STATION ON THE RED LINE THROUGH NEWMARKET AND BACK TO ANDREWS STATION FROM 5AM-MIDNIGHT, M-F. THIS SHUTTLE ALSO PROVIDES SERVICE TO THE FAIRMOUNT COMMUTER LINE.4. THE RUGGLES SHUTTLE PROVIDES A CONTINUOUS LOOP OF SERVICE FROM RUGGLES STATION ON THE ORANGE LINE THROUGH NEWMARKET AND BACK TO RUGGLES STATION FROM 5AM-MIDNIGHT, M-F. THIS SHUTTLE ALSO PROVIDES ACCESS TO THE FAIRMOUNT COMMUTER LINE.

Program 2
Expenses: $835,579 Revenue: $151,724

BACK2WORK PROGRAMIN 2018, THE NEWMARKET BUSINESS ASSOCIATION, NOW THE NEWMARKET BUSINESS IMPROVEMENT DISTRICT (BID), PROMOTED A WORKFORCE DEVELOPMENT PROGRAM FOR THE HOMELESS TO THE CITY, AND WHILE...

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BACK2WORK PROGRAMIN 2018, THE NEWMARKET BUSINESS ASSOCIATION, NOW THE NEWMARKET BUSINESS IMPROVEMENT DISTRICT (BID), PROMOTED A WORKFORCE DEVELOPMENT PROGRAM FOR THE HOMELESS TO THE CITY, AND WHILE IT WAS WELL RECEIVED AT THE TIME, BOSTON DID NOT HAVE THE ABILITY TO ASSIST IN FUNDING IT. IN EARLY 2021, NEWMARKET BEGAN FUNDING THE PROGRAM OURSELVES AND FOR THE PAST YEAR AND A HALF, THE NEWMARKET BUSINESS IMPROVEMENT DISTRICT HAS MANAGED THE PROGRAM FOCUSED ON PROVIDING LOW-THRESHOLD SAME-DAY WORK FOR INDIVIDUALS EXPERIENCING SHELTER INSTABILITY, HOMELESSNESS AND/OR A SUBSTANCE USE DISORDER. THIS EFFORT ACKNOWLEDGES THE BARRIERS THAT THESE INDIVIDUALS FACE IN BOTH APPLYING FOR JOBS, AS WELL AS MAINTAINING THEIR EMPLOYMENT, AND CREATES A LOWER BARRIER APPROACH TO SUIT THEIR NEEDS.AS A RESULT OF OUR EARLY SUCCESS, THE BOSTON DEPARTMENT OF PUBLIC HEALTH HAS ASSISTED US WITH FUNDING OVER THE PAST 8 MONTHS WHICH HAS LED TO A SIGNIFICANT EXPANSION OF THE PROGRAM.THROUGH THIS INITIATIVE, THE NEWMARKET BID EMPLOYS HOMELESS AND HOUSING CHALLENGED INDIVIDUALS IN THE MASS AND CASS AREA TO PROVIDE SUPPLEMENTAL SERVICES IN CLEANING AND BEAUTIFYING THE AREA BY PROVIDING DAY JOBS INCLUDING LANDSCAPE BEAUTIFICATION, TRASH REMOVAL, POWER WASHING, GRAFFITI REMOVAL AND SIMILAR.WE WORK IN CLOSE COOPERATION WITH THE MAYOR'S OFFICE, AND RECOVERY, SHELTER & ENGAGEMENT CENTER STAFF TO IDENTIFY/HIRE THOSE INDIVIDUALS THAT HAVE A LIKELIHOOD OF SUCCESS IN THIS PROGRAM. WE BELIEVE THAT WE ARE THE FIRST STEP TOWARD CHANGING THEIR LIVES AND THE SOS PROGRAM PROVIDES THE NEXT STEP IN THE PROCESS. PARTICIPANTS OF THIS PROGRAM ARE REIMBURSED THROUGH CASH STIPENDS AND/OR GIFT CARDS, ALL OF WHICH CAN BE USED FOR WORK CLOTHES, APARTMENT NEEDS, MEDICAL NEEDS, OR ANYTHING ELSE THAT THE PERSON MAY NEED. OF COURSE, AS YOU CAN IMAGINE, THESE STIPENDS ONLY GO SO FAR AND WE MANY TIMES END UP PROVIDING "ADVANCES OR "EXTRA MONEY" FOR NECESSITIES INCLUDING BOOTS, SHOES, GOGGLES, CLEAN CLOTHES, SNACKS ETC.PARTICIPANTS WORK EVERY DAY ALONGSIDE PROGRAM STAFF AND PEER SUPPORT SPECIALISTS, WHO ENGAGE THEM IN PROFESSIONAL DEVELOPMENT ACTIVITIES AND SUPPORT THEIR CONNECTION TO SOCIAL SERVICES, SUCH AS HOUSING SUPPORTS, BENEFITS ACCESS, AND PHYSICAL, MENTAL, AND BEHAVIORAL HEALTH PROVIDERS. IT IS AN IMPORTANT COMPONENT TO THE PROGRAM THAT, WHILE WE DO NOT REQUIRE THAT INDIVIDUALS ARE CLEAN WHEN THEY COME INTO THE PROGRAM, THEY HAVE TO BE WILLING TO WORK TOWARD SOBRIETY/RECOVERY DURING THEIR FIRST SEVERAL WEEKS WORKING WITH US. WE ARE VERY PROUD OF THE FACT THAT THE MAJORITY OF OUR WORKERS ARE CURRENTLY IN RECOVERY/SOBRIETY AND ALL OF THE OTHERS, WHILE NOT THERE YET, ARE IN A MUCH BETTER PLACE THAN THEY WERE PREVIOUSLY. IN ADDITION, IT IS ALSO AN IMPORTANT PART OF THE PROGRAM THAT WE FIND MORE STABLE HOUSING FOR OUR WORKERS AND WHILE THE VAST MAJORITY WERE LIVING IN TENTS OR ON THE STREET, THEY ARE NOW LIVING IN LOW THRESHOLD, SUPPORTIVE HOUSING OR IN SRO'S OR APARTMENTS.THE END GOAL OF THIS INITIATIVE IS TO PROVIDE OUR WORKERS WITH THE OPPORTUNITY TO BE HIRED BY LOCAL COMPANIES IN PART-TIME OR FULL-TIME POSITIONS. WE HAVE PLACED MORE THAN 50 INDIVIDUALS INTO JOBS IN THE PAST YEAR AND EXPECT TO INCREASE THAT NUMBER IN 2024.

Program 3
Expenses: $779,611

SAFETY AND SECURITY PROGRAMA PRIORITY FOR THE BID IS THE SAFETY AND WELLBEING OF ALL THOSE LIVING, WORKING, AND VISITING THE DISTRICT. IN JUNE 2022, NEW ENGLAND SECURITY BECAME OUR PARTNERS AND...

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SAFETY AND SECURITY PROGRAMA PRIORITY FOR THE BID IS THE SAFETY AND WELLBEING OF ALL THOSE LIVING, WORKING, AND VISITING THE DISTRICT. IN JUNE 2022, NEW ENGLAND SECURITY BECAME OUR PARTNERS AND PROVIDES 24/7 SUPPLEMENTAL SECURITY THROUGHOUT THE AREA.WHILE BOSTON POLICE AND EMS DO A TREMENDOUS JOB IN OUR AREA, OUR SAFETY TEAM PROVIDES ANOTHER SET OF EYES AND "AN ADDED LAYER OF PROTECTION." OUR TEAM IS ABLE TO REDUCE THE NUMBER OF POTENTIAL 911 CALLS BY PROVIDING RAPID RESPONSE IN THE DISTRICT TO A WIDE RANGE OF LOWER-LEVEL INFRACTIONS. ON AVERAGE, 911 CALLS WERE DOWN APPROXIMATELY 13% AND OUR BID SECURITY OFFICERS HAVE DEVELOPED STRONG RELATIONSHIPS WITH THE POLICE, BUSINESS OWNERS AND RESIDENTS AND HAVE EARNED THE RESPECT AND TRUST OF THOSE LIVING ON THE STREETS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $697,668
Program Service Revenue $2,983,061
Investment Income $485
Other Revenue $0
TOTAL REVENUE $3,681,214

Expense Breakdown

Grants Paid $18,641
Salaries & Benefits $572,574
Fundraising Expenses $130,016
Program Expenses $3,126,249
Other Expenses $3,009,748
TOTAL EXPENSES $3,600,963

Year-over-Year Comparison

2023 2022 Change
Revenue $3,681,214 $3,563,681 +0.0%
Expenses $3,600,963 $3,028,591 +0.2%
Net Income $80,251 $535,090 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
26
Independent Members
26
Employees
8
Volunteers
36

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
5
$153,171
Total Directors
26
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN SULLIVAN PRESIDENT/CLERK 40.00
Officer
$151,725 $1,446 $153,171
MICHAEL ROTHSCHILD CHAIR 5.00
Officer Director
$0 $0 $0
VALEDA BRITTON VICE CHAIR 5.00
Officer Director
$0 $0 $0
JOHN MARSTON TREASURER 5.00
Officer Director
$0 $0 $0
FRANK BAKER DIRECTOR 2.00
Director
$0 $0 $0
BOB BIGGIO DIRECTOR 2.00
Director
$0 $0 $0
NICOLE BOWDEN DIRECTOR 2.00
Director
$0 $0 $0
JOEY CUZZI DIRECTOR 2.00
Director
$0 $0 $0
GERRY DIPIERRO DIRECTOR 2.00
Director
$0 $0 $0
SYDNEY DURAND DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL FELDMAN DIRECTOR 2.00
Director
$0 $0 $0
LINDA DORCENA FORRY DIRECTOR 2.00
Director
$0 $0 $0
RICH FULLAM DIRECTOR 2.00
Director
$0 $0 $0
ANDREW GRACE DIRECTOR 2.00
Director
$0 $0 $0
ZACH HAROUTUNIAN DIRECTOR 2.00
Director
$0 $0 $0
RAY HENNINGSON DIRECTOR 2.00
Director
$0 $0 $0
PAUL HOLLAND DIRECTOR 2.00
Director
$0 $0 $0
PAUL NEWMAN DIRECTOR 2.00
Officer Director
$0 $0 $0
JEFF PRANSKY DIRECTOR 2.00
Director
$0 $0 $0
SARITIN RIZZUTO DIRECTOR 2.00
Director
$0 $0 $0
WADE SARRAF DIRECTOR 2.00
Director
$0 $0 $0
BETH SCHERER DIRECTOR 2.00
Director
$0 $0 $0
CHERYL SCHONDEK DIRECTOR 2.00
Director
$0 $0 $0
MANOJ SHINDE DIRECTOR 2.00
Director
$0 $0 $0
MARLA SMITH DIRECTOR 2.00
Director
$0 $0 $0
CAROL TIENKEN DIRECTOR 2.00
Director
$0 $0 $0
STAN WALCZAK DIRECTOR 2.00
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 No data No data No data No data
2024 $3,681,214 $3,600,963 $1,226,058 $80,251
2023 $3,563,681 $3,028,591 $1,211,088 $535,090
2022 $1,004,213 $648,708 $598,395 $355,505
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