Southwest Business Improvement District
Nonprofit profile at a glance
- EIN
- 462590581
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Washington, DC, USA
- Phone
- 2026183515
- Rating confidence
- Limited
- Sector
- Urban, Community Economic Development
Reported finances
- Revenue
- $5,351,265
- Expenses
- $6,127,102
- Assets
- $7,728,882
- Liabilities
- $4,291,968
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- STEVE MOORE (EXECUTIVE DIRECTOR)
Highest reported compensation
- STEVE MOORE (EXECUTIVE DIRECTOR): $428,782 total reported compensation
- ANDRE WITT (CHEIF OPERATING OFFICER): $323,404 total reported compensation
- ALEXANDRA ALBE (MAGAGING DIRECTOR): $231,154 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the southwest business improvement district (swbid) is to design and manage a comprehensive series of programs to improve the image, connectivity, and business climate of the near southwest quadrant of the district of columbia. The swbid provides place management, branding and place making services and programs. The goal of all of the swbid efforts is to make southwest dc a cleaner, safer and better connected place.
What it reported doing in 2024
Place management - swbid provides services to swdc property owners and residents through safety, cleanliness, and beautification support of the bid area. Services include: a daily work plan focusing on target areas for cleaning and repair by the sw "clean team; an ongoing assessment of public space amenities; supplemental cleaning and maintenance of public parks and federal reservations; removal of debris in public areas; powerwashing of sidewalks, underpasses and bridges to remove dirt accumulation and all graffiti, installation of seasonalbanners and wayfinding signs; the planting and landscaping in public spaces: outreach to the homeless to provide medical, legal and service referrals, as needed.
Operating model
- Revenue model
- Earned-program. 79% 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: 95
- Sustainability: 21
- 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; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- 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: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 63rd 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: -14.5%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 1.26; rating input score 45; 45th percentile among comparable filings
- Liabilities to assets ratio: 0.56; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 20.6%; rating input score 12; 12th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 9.2% per year; rating input score 100; 65th percentile among comparable filings
- Asset growth: 16.7% per year; rating input score 100; 78th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 17 of 17 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $429K · 22 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.5M reported
- Consistency: 13 of 13 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 6 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 10/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
- High — Sustainability: Officer compensation ratio scored 12/100.
- High — Sustainability: Liabilities to assets ratio scored 18/100.