White Plains Downtown District Management Association Inc

What it reported doing in 2024

See schedule o for the description on the special events programspecial eventsin fiscal year 24/25 the bid presented the following special events: rock the block - a partnership with the city of white plains, rock the block closed mamaroneck avenue between e. Post road and maple avenue to vehicle traffic, converting it instead to an extension of the restaurants lining the block four times over the course of the summer. The public was able to dine al fresco, listen to live music broadcast from a stage and enjoy arts and crafts and games (ping pong, cornhole, etc.) in this free-to-the-public event. Approximately 3000-4000 attend each concert.jazzfest - jazzfest programing returned consisted of 5 days. Jazzfest is a partnership between the bid, artswestchester and the city of white plains. The bid hosted a jazz stroll, dinner & a show (100-plus attendees) and sundays culminating event, similar to years past. Nearly 4,000 attended the events culminating event. Oktoberfest brought nearly 10,000 locals downtown to delight in german beers sold by 10 local hospitality businesses. Several businesses provided seasonal oktoberfest dining options. An authentic oompah band played german classics and a plethora of competitions, games and family-friendly activities (including a sausage toss) took place on the 10/13 event. White plains holiday market and the winter village - the white plains bid, the city of white plains and 914popups once again partnered to host the annual holiday market, a two-week shopping experience in the heart of downtown white plains. The fy25 holiday market featured 20 vendors, in wooden sheds to help drive business in our downtown. This year the event included a winter village, making the market a multifaceted holiday destination with a life sized "selfie sleigh", a nine-hole mini golf course surrounded by a field of six-foot candy canes and "chill-ville-seven furnished warming igloos where residents could play board games, rent and enjoy s'mores kits or order in food from local restaurants. Restaurant month - the white plains bid's restaurant month, a month dedicated to our downtown restaurants featuring diverse menu options for lunch and/or dinner) returned from 1/3-1/31 in fy24. Feedback was very positive from the 21 restaurants participating and many elected to offer their specials partway through the month of february as well.wing walk on april 26, wing walk returned allowing those having purchased an affordable tasting bracelet ($25) to stroll the downtown sampling over 32 chicken wing flavors at 16 participating restaurants and vote for their favorite wings. This year the bid introduced a new vip ticketing experience, which allowed participants to participate in the wing walk for the full event span, as opposed to a 2.5 hour window ($40). The bid handled all marketing, payment processing as well as event day check ins. Thousands of wings were consumed. Entertainment included live acoustic music curbside and a roving chicken mascot that delighted festival goers with fun selfies. Both the chef's choice and people's choice award categories remained. Smaller events: on 6/10 the bid presented "lunchtime live" a free outdoor concert at renaissance plaza park, featuring live music by the plus ones acoustic group and the opportunity to sit at moveable tables and chairs, in an effort to create a downtown placemaking experience.

Financial Efficiency

• Mission deployment rate: 79.2%; rating input score 79
• Program expense ratio: 88.4%; rating input score 88
• Fundraising efficiency: $65.6 raised per $1 spent on fundraising; rating input score 82; 82nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 92.3%; rating input score 92; 24th percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 10.8%; rating input score 63; 63rd percentile among comparable filings
• Total-asset coverage ratio: 0.83; rating input score 37; 37th percentile among comparable filings
• Liabilities to assets ratio: 0.21; rating input score 31; 31st percentile among comparable filings
• Officer compensation ratio: 11.8%; rating input score 31; 31st percentile among comparable filings

Growth

• Program expense growth: 3.5% per year; rating input score 100; 34th percentile among comparable filings
• Revenue growth: 3% per year; rating input score 100; 31st percentile among comparable filings
• Asset growth: 8.2% per year; rating input score 100; 52nd percentile among comparable filings