Restore viability of Central avenue business District

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$240K 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

FY2022 · 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
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$240K
to officers and key staff · 29% of spending
Worth a look: pay to officers and key staff is 29% of spending; over 20%.
Pt VII · Sec A
7 mo
of spending, in cash
Looks good: 6.6 months of spending in cash; 3 or more.
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
56% of total assets
Fine: liabilities are 56% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$714K
-4% vs prior year
Spent
$820K
To programs
86%
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$714K
FY2022▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$778K
FY2021$747K
FY2022$714K
FY2023$1.3M
FY2024$957K
Expenses
$820K
FY2022▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$720K
FY2021$701K
FY2022$820K
FY2023$1.2M
FY2024$1.2M
Net assets
$1.4M
FY2022▼ -7%
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 FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

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

86 cents of each dollar spent went to programs.

Program services 86% · $701K Management & general 29% · $240K

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

30 people listed on the 990; $240K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$120,000Pt VII · Sec A
Executive Director
$120,000Pt VII · Sec A
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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4 programs · $906K · in their own filed words · FY2022
01

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…

$321Kprogram expense
02

Corridor development this program includes the work done by the association's staff to recruit and assist in the economic development of the business improvement district (bid). Activities of this program include but are not limited to interacting with property owners onreal estate and new business development, responding to requests for…

$287Kprogram expense
03

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.

$159Kprogram expense
04

Corridor development this program includes the work done by the association's staff to recruit and assist in the economic development of the business improvement district (bid). Activities of this program include but are not limited to interacting with property owners onreal estate and new business development, responding to requests for…

$138Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$714K
Ln 12
Gifts and grantsLn 1h$691K
Fees for servicesLn 2g$21K
Investment incomeLn 3$2K
Money outPt IX
$820K
Ln 25
Programscol B$701K
Managementcol C$240K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$451K
Total assetsLn 16$3.2M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
30
listed · VII A
PaidVII A2
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$691K
Government grantsLn 1e$613K
Fees for servicesLn 2g$21K
Investment incomeLn 3$2K
Other incomeLn 4–11$220
Total revenueLn 12$714K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$451K
Total assetsLn 16$3.2M
LiabilitiesLn 26$1.8M
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $957K$1.2M−$222K$1.3M 990 PDF
FY2023 $1.3M$1.2M$72K$1.5M 990 PDF
FY2022 Viewing $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 A · Public support O · Explanations
See the full FY2022 990 (1 part)
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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