Revitalizes the Central Avenue business district through property development, construction supervision, and program planning to restore local economic viability.
Revitalizes the Central Avenue business district through property development, construction supervision, and program planning to restore local economic viability.
For fiscal year 2024 it reported $957K in revenue, $1.2M in expenses, and $1.3M in net assets.Pt I
Where the money goes · FY2024
Total revenue
$957K
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$222K
Where spending went · Part IX cols B–D
87%
13%
Program services $0.87 Management & general $0.13
Program efficiency
87%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
1.9mo
months of highly liquid reserves at operating expense rate▼ -24% vs prior filing year
Surplus margin
-23%
revenue over expenses, this year▼ -508% vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$957K
FY2024▼ -24%
$1.3M$631K$0
FY2020FY2024
Expenses
$1.2M
FY2024▼ -1%
$1.2M$595K$0
FY2020FY2024
Total assets
$3.0M
FY2024▼ -6%
$3.7M$1.8M$0
FY2020FY2024
Total liabilities
$1.8M
FY2024▲ +3%
$1.9M$953K$0
FY2020FY2024
Total revenue
$957K
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$222K
Total assetsPt X · Ln 16$3.0M
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III
Where the work happens
3 program services account for $740K of program spending, described in the organization's own filed words · FY2024.
01
Steam garden this program encompasses the development and operation of the 279 central avenue property. Activities include primarily the supervision of the construction and future program planning of the building.
$328Kprogram expense
02
Avenew 2000 this program constitutes the long standing strategic revitalization plan for the central avenue commercial corridor in the city of albany prepared for the central business improvement district (cbid) in september 2000. It is the ongoing work plan used by the organization to advance its mission.
$234Kprogram expense
03
Safety & maintenance this program operates a daily cleaning program using the association's "clean team." activities of this program include but are not limited to dealing with crime and safety issues related to current property issues, merchant issues related to litter, maintenance of the association's own equipment and replacement or…
Anthony Capece’s $125K as Executive Director
is at the 84th percentile of top reported officer pay among 1710 $100K–1M community development nonprofits.
Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
Individual Anthony Capece · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $125K · Total expenses $1.2M
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $371K · Total expenses $1.2M
31%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
87%
—
—
Overhead ratio
13%
—
—
Fundraising cost ratio
0%
—
—
Revenue growth
-24%
—
—
Legal fee ratio
0%
—
—
Accounting fee ratio
3%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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