Downtown Business Improvement District Corporation
Nonprofit profile at a glance
- EIN
- 522053279
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Washington, DC, USA
- Phone
- 2026383232
- Rating confidence
- Limited
Reported finances
- Revenue
- $17,804,207
- Expenses
- $18,413,063
- Assets
- $18,746,919
- Liabilities
- $12,688,708
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
42 people listed
Executive titles in this filing
- GERREN PRICE (PRESIDENT AND CEO)
Highest reported compensation
- GERREN PRICE (PRESIDENT AND CEO): $382,504 total reported compensation
- RACHEL HARTMAN (CHIEF STRATEGY OFFICER): $254,247 total reported compensation
- GERARD WIDDICOMBE (CHIEF FINANCIAL OFFICER): $231,195 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To enhance the economic vitality of the members of the downtown bid area by providing additional safety and maintenance services, and other services.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Earned-program. 78% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 80
- Accountability: 90
- Sustainability: 26
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 91.4%; rating input score 91; 24th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -3.4%; rating input score 20; 20th percentile among comparable filings
- Total-asset coverage ratio: 1.02; rating input score 37; 37th percentile among comparable filings
- Liabilities to assets ratio: 0.68; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 8.5%; rating input score 27; 27th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 4.1% per year; rating input score 100; 35th percentile among comparable filings
- Asset growth: 18.2% per year; rating input score 100; 87th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 32 of 35 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $383K · 42 people listed · 2 of 6 pay-setting controls reported
- Consistency: 12 of 12 current checks pass
- Schedules: 6 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 3 filed related-organization links
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 20/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 19/100.
- High — Sustainability: Officer compensation ratio scored 27/100.