60-86 Madison Avenue District Management Association Inc
Overview
Mission
The organization provides supplemental sanitation, public safety, streetscape improvement, visitor information and commercial support services to property owners, businesses and residents of an area established as a business improvement district.
What it reported doing in 2024
Sanitation program includes maintaining clean streets/curbs, garbage and graffiti removal, and coordination with nyc dept sanitation utilizing an outside contractor.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The nonprofit carried out 100% of its reported program work directly.
Nonprofit profile at a glance
- EIN
- 133884086
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Headquarters
- New York, NY, USA
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for setting executive pay and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 82
- Accountability: 88
- Sustainability: 19
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.7%; rating input score 90
- Program expense ratio: 85%; rating input score 85
- Fundraising efficiency: $0 raised per $1 spent on fundraising; rating input score 0; 0th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 96.6%; rating input score 97; 26th percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: -7.1%; rating input score 17; 17th percentile among comparable filings
- Operating reserve ratio: 0.69; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 0.79; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 15.9%; rating input score 17; 17th percentile among comparable filings
Growth
- Program expense growth: 2.1% per year; rating input score 100; 22nd percentile among comparable filings
- Revenue growth: 1.5% per year; rating input score 100; 17th percentile among comparable filings
- Asset growth: 7.1% per year; rating input score 100; 45th percentile among comparable filings
Details
- Where the money goes: 89.7% of revenue deployed · 85% of spending went to programs
- Governance: 56 of 58 board members independent · 6 of 8 filing controls reported
- Programs: 5 filed program accomplishments · $2M in reported program spending
- Leadership: top reported pay $251K · 60 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $452K reported
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 16 annual filings from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.