Jamaica Center Improvement Association Inc

Nonprofit profile at a glance

EIN
112489195
IRS 990-EZ coverage
2023–2024
Forms available
Form 990 2022, Form 990-EZ 2024
Location
Jamaica, NY, USA
Phone
7185262422
Rating confidence
Limited
Sector
Community, Neighborhood Development

Official website

Reported finances

Revenue
$266
Expenses
$46,236
Assets
$430,424
Liabilities
$17,590

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • Michael Hirschhorn (President)
  • Aaron Schwartz (Vice President)

People named in this filing

  • Michael Hirschhorn (President)
  • Aaron Schwartz (Vice President)
  • Michael Mattone (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote the vitality and economic growth of the business improvement district located in NYC.Enhance-ensure that the district is attractive, welcoming, safe, clean and graffiti-free.Promote-conduct creative district marketing campaigns, host special events and encourage tourism.Coordinate-align the districts retail mix with shopper preferences and connect district businesses with the resources needed to succeed.Advocate-champion for public improvements, capital investments and economic development initiatives in the downtown.

What it reported doing in 2024

Business Support and Economic Development: The BID participates in and leads economic development studies and collaborative revitalization stakeholder planning efforts. It also provides business assistance to our current merchants and hosts events targeted towards its business community. It notifies local businesses of new city regulations, incentives or services that could affect their business, and relays feedback to city government regarding street-level issues and policies affecting merchants. BID also offers periodic technical assistance classes of interest to the business community.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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: 74
  • Sustainability: 36
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 2nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -17,282%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 9.31; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 22; 22nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -3.2% per year; rating input score 0; 39th percentile among comparable filings
  • Asset growth: 1.9% per year; rating input score 100; 46th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 22/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.