Restore viability of Central avenue business District

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$125K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $30K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$125K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.8M
59% of total assets
Fine: liabilities are 59% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$957K
-24% vs prior year
Spent
$1.2M
To programs
87%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$957K
FY2024▼ -24%
Tap a bar for its year
Revenue by fiscal year
FY2020$778K
FY2021$747K
FY2022$714K
FY2023$1.3M
FY2024$957K
Expenses
$1.2M
FY2024▼ -1.0%
Tap a bar for its year
Expenses by fiscal year
FY2020$720K
FY2021$701K
FY2022$820K
FY2023$1.2M
FY2024$1.2M
Net assets
$1.3M
FY2024▼ -15%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$1.5M
FY2022$1.4M
FY2023$1.5M
FY2024$1.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $1.0M Management & general 13% · $157K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990; $125K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$124,810Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Corporate Treasurer
$0Pt VII · Sec A
Corporate Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Anthony Capece’s $125K as Executive Director is at the 84th percentile of top reported officer pay among 1708 $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

NameFY2024FY2023FY2022FY2021FY2020
Anthony Capece$124,810$124,706$120,000$92,086$93,944

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.

See Central District Management Assocation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Revitalizes the Central Avenue business district through property development, construction supervision, and program planning to restore local economic viability.

Questions for Central District Management Assocation

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Your first name shows with your question. Central District Management Assocation answers here, for everyone.

Provided by the organization

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3 programs · $740K · in their 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…

$179Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2020
Total grants receivedfrom 1 funder$50K
Grants paid · 54 grants · $519K · 2020–2024
Birch & Bee WoodworkingFY2024$15,000
Power Beauty Unlimited LLCFY2024$14,997
Beignet BelliesFY2024$14,802
Bull and Bee MeaderyFY2024$14,646
Loyal MindsetFY2024$14,602
Amigos Corner CafeFY2024$14,441
The BalloonaryFY2024$13,719
Capital District Interventional Spine and Rehabilitation PllcFY2024$13,635
Central Business Improvement DistrictFY2024$13,389
Trained 2 Go Services LLCFY2024$11,813
Urban Aftermath Books INCFY2024$10,900
Eco OnyxFY2024$10,855
State FarmFY2024$8,980
Kenmore BallroomFY2024$8,160
Poto TransportFY2024$7,906
Lark Street PhotoFY2024$7,585
Fresh & FlyFY2023$15,272
Keobi LLCFY2023$15,051
See all 54 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$957K
Ln 12
Gifts and grantsLn 1h$899K
Fees for servicesLn 2g$57K
Investment incomeLn 3$491
Money outPt IX
$1.2M
Ln 25
Programscol B$1.0M
Managementcol C$157K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$188K
Total assetsLn 16$3.0M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$899K
Government grantsLn 1e$899K
Fees for servicesLn 2g$57K
Investment incomeLn 3$491
Total revenueLn 12$957K
Assets in detailPt X, end of year
CashLn 1$188K
Cash and savings togetherLn 1–2$188K
Land, buildings, equipmentLn 10c$2.8M
Total assetsLn 16$3.0M
LiabilitiesLn 26$1.8M
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$252K$188K
Land, buildings, equipmentLn 10c$2.9M$2.8M
Total assetsLn 16$3.2M$3.0M
LiabilitiesLn 26$1.7M$1.8M
Net assetsLn 32$1.5M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$297K$297K
Pay of current officers, directors and key staffLn 5$125K$104K$21K
Other salaries and wagesLn 7$156K$129K$26K
Other employee benefitsLn 9$51K$42K$9K
Payroll taxesLn 10$39K$33K$7K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$41K$32K$9K
Other fees for servicesLn 11g$34K$34K$709
Advertising and promotionLn 12$2K$2K$258
Office expensesLn 13$47K$41K$6K
TravelLn 17$6K$5K$787
Conferences, conventions and meetingsLn 19$4K$4K$559
InterestLn 20$94K$73K$22K
Depreciation, depletion and amortizationLn 22$100K$75K$25K
InsuranceLn 23$32K$28K$4K
Other expenses (24a–d)Ln 24$125K$109K$16K
All other expensesLn 24e$20K$16K$5K
Total functional expensesLn 25$1.2M$1.0M$157K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $957K$1.2M−$222K$1.3M 990 PDF
FY2023 $1.3M$1.2M$72K$1.5M 990 PDF
FY2022 $714K$820K−$106K$1.4M 990 PDF
FY2021 $747K$701K$46K$1.5M 990 PDF
FY2020 $778K$720K$58K$1.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $956,794 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,223,235$898,907
I-9 Program service revenuePrior year $38,171$57,396
I-10 Investment incomePrior year $978$491
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,262,384$956,794
I-13 Grants and similar amounts paidPrior year $294,619$297,271
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $347,732$370,838
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $548,194$510,800
I-18 Total expensesPrior year $1,190,545$1,178,909
I-19 Revenue less expensesPrior year $71,839−$222,115
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $956,794 across 5 lines filed
VIII-1e Government grants$898,907
VIII-1h Total contributions, gifts and grants$898,907
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $57,396$57,396
VIII-3 Investment incomeExcluded from tax $491$491
VIII-12 Total revenueRelated to mission $57,396 · Unrelated business $0 · Excluded from tax $491$956,794
Part IX · Statement of functional expenses $1,178,909 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $297,271$297,271
IX-5 Pay of current officers, directors and key staffPrograms $103,592 · Management $21,218$124,810
IX-7 Other salaries and wagesPrograms $129,303 · Management $26,484$155,787
IX-9 Other employee benefitsPrograms $42,373 · Management $8,679$51,052
IX-10 Payroll taxesPrograms $32,527 · Management $6,662$39,189
IX-11b Legal feesManagement $5,016$5,016
IX-11c Accounting feesPrograms $31,549 · Management $9,141$40,690
IX-11g Other fees for servicesPrograms $33,688 · Management $709$34,397
IX-12 Advertising and promotionPrograms $1,725 · Management $258$1,983
IX-13 Office expensesPrograms $40,913 · Management $6,114$47,027
IX-17 TravelPrograms $5,268 · Management $787$6,055
IX-19 Conferences, conventions and meetingsPrograms $3,738 · Management $559$4,297
IX-20 InterestPrograms $72,733 · Management $21,666$94,399
IX-22 Depreciation, depletion and amortizationPrograms $74,965 · Management $24,988$99,953
IX-23 InsurancePrograms $27,655 · Management $4,201$31,856
IX-24 Other expenses (24a–d)Programs $109,090 · Management $15,540$124,630
IX-24e All other expensesPrograms $15,849 · Management $4,648$20,497
IX-25 Total functional expensesPrograms $1,022,239 · Management $156,670 · Fundraising $0$1,178,909
Part X · Balance sheet $3,021,915 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $252,305$187,655
X-3 Pledges and grants receivableStart of year $26,556$30,084
X-4 Accounts receivableStart of year $26,939$11,544
X-9 Prepaid expenses and deferred chargesStart of year $4,305$4,532
X-10c Land, buildings and equipment, netStart of year $2,888,055$2,788,100
X-16 Total assetsStart of year $3,198,160$3,021,915
X-17 Accounts payable and accrued expensesStart of year $21,300$55,280
X-19 Deferred revenueStart of year $16,149$64,692
X-25 Other liabilitiesStart of year $151,002$146,624
X-26 Total liabilitiesStart of year $1,722,319$1,768,189
X-27 Net assets without donor restrictionsStart of year $1,408,935$1,186,820
X-28 Net assets with donor restrictionsStart of year $66,906$66,906
X-32 Total net assets or fund balancesStart of year $1,475,841$1,253,726
X-33 Total liabilities and net assetsStart of year $3,198,160$3,021,915
Part XI · Reconciliation of net assets $1,253,726 net assets at year end
XI-1 Total revenue$956,794
XI-2 Total expenses$1,178,909
XI-3 Revenue less expenses−$222,115
XI-4 Net assets at start of year$1,475,841
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,253,726

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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