Mcginley Square Partnership Special Improvement District Management Corp

Nonprofit profile at a glance

EIN
223556011
IRS 990-EZ coverage
2009–2021
Forms available
Form 990-EZ 2021
Location
Jersey City, NJ, USA
Phone
2018738783
Rating confidence
Limited
Sector
Chambers of Commerce & Business Leagues

Reported finances

Revenue
$126,496
Expenses
$99,862
Assets
$52,904
Liabilities
$8,873

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • NICK FALOTICO (PRESIDENT)
  • WILLIAM SANTOMAURO (VICE PRESIDENT)

People named in this filing

  • NICK FALOTICO (PRESIDENT)
  • WILLIAM SANTOMAURO (VICE PRESIDENT)
  • VRAJESH PATEL (TREASURER)

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 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To improve the economic and social conditions of the business district and provide safe and clean environment for the general public, including students, employees, business owners, and property owners in the district.

What it reported doing in 2021

To improve business economic conditions in the district by holding commemorative and holiday events, sponsoring other local events with participation of businesses. To market the district with general public and citizens of the district so that they will participate in street fairs, festivals, holiday celebrations, and other local events.

Operating model

Revenue model
Donor-supported. 95% of the money available for current operations came from contributions and gifts.
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: 82
  • Sustainability: 51
  • Growth: 0

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 21.1%; rating input score 66; 66th percentile among comparable filings
  • Total-asset coverage ratio: 0.53; rating input score 33; 33rd percentile among comparable filings
  • Liabilities to assets ratio: 0.17; rating input score 22; 22nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings

Growth

  • Program expense growth: -38.1% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: -4.9% per year; rating input score 0; 13th percentile among comparable filings
  • Asset growth: -7.5% per year; rating input score 0; 11th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 12 filing years from 2009 to 2021
  • Contacts: How to reach this organization
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
  • High — Sustainability: Liabilities to assets ratio scored 22/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.