THE FORT LEE DISTRICT MANAGEMENT CORPORATION INC Charity Report

Public IRS 990 nonprofit record

THE FORT LEE DISTRICT MANAGEMENT CORPORATION INC

EIN 46-5136572 · Community & Neighborhood Development (S20)

What they do

THE BUSINESS DISTRICT ALLIANCE of FORT LEE is A NON-PROFIT ORGANIZATION, IN PARTNERSHIP WITH THE BOROUGH of FORT LEE, to REVITALIZE and PROMOTE THE MAIN STREET SHOPPING CORRIDOR. OUR OBJECTIVE is to CREATE AN ENVIRONMENT WHERE PEOPLE WILL SHOP and LIVE, for RETAILERS to GROW and THRIVE; BY CREATING A VITAL COMMUNITY EXPERIENCE for ALL, VISITORS and RESIDENTS ALIKE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $71.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders20 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

56.93%of revenue went to mission work71.8% of expenses · Program services

$79.29spent for every $100 of revenueRevenue covered expenses this year.

22.35%of revenue went to management and office costs28.2% of expenses

$0.95in assets for every $1 spent this yearSome assets cannot be spent right away.

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Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$838,578

Mission workProgram services$477,43456.93% of revenue71.8% of expenses

ManagementOffice and general costs$187,43422.35% of revenue28.2% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$173,71020.71% of revenueShown in gray on the chart

Total expenses$664,86879.29% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 71.8% mission · 28.2% management · 0.0% fundraisingTotal expenses: 79.29% of revenue

2023Expense mix: 70.3% mission · 29.7% management · 0.0% fundraisingTotal expenses: 78.59% of revenue

2022Expense mix: 84.8% mission · 15.2% management · 0.0% fundraisingTotal expenses: 140.49% of revenue

2021Expense mix: 85.1% mission · 14.9% management · 0.0% fundraisingTotal expenses: 90.60% of revenue

2020Expense mix: 91.2% mission · 8.8% management · 0.0% fundraisingTotal expenses: 59.97% of revenue

2019Expense mix: 93.0% mission · 7.0% management · 0.0% fundraisingTotal expenses: 108.81% of revenue

2018Expense mix: 91.1% mission · 8.9% management · 0.0% fundraisingTotal expenses: 95.20% of revenue

2017Expense mix: 92.6% mission · 7.4% management · 0.0% fundraisingTotal expenses: 99.60% of revenue

Money in and money out

Revenue$838,578

Expenses$664,868

Annual surplus $173,710 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$477,434 · 71.8% of expenses

Management and office costs$187,434 · 28.2% of expenses

See all reported dollar amounts

Revenue$838,578

Expenses$664,868

Assets$633,076

Income$838,578

Mission work (program services)$477,434

Management and general$187,434

Accounting fees$15,000

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (20)

KATHY LEEDIRECTOR

TAEHYO MICHAEL PARKDIRECTOR

ROMINA STARACEPRESIDENT

NATALIE CHAPEEXECUTIVE DI

MICHAEL BEYERTREASURER

MAYOR MARK SOKOLICHDIRECTOR

LUIS FRANCODIRECTOR

KIKY KIMDIRECTOR

KENNETH BRUNODIRECTOR

KEN SAGRASTANODIRECTOR

ANTHONY CLORESDIRECTOR

JAMES LIUSECRETARY

FRANK PATTIVICE PRESIDE

FRANCESKA BEZAMADIRECTOR

DENNIS GLENNONDIRECTOR

DENISE SOKOLICHDIRECTOR

COUNCILMAN JOSEPH CERVIERIDIRECTOR

COUNCILMAN HARVEY SOHMERDIRECTOR

ASHLEY YOOKDIRECTOR

ANTHONY LO CONTEDIRECTOR

About this charity

Recognized since: January 2014
Location: 231 MAIN ST FL 2, FORT LEE, NJ 07024-5741
County: Bergen
In care of: % BUSINESS DISTRICT ALLIANCE OF FL
Primary officer: KENNETH BRUNO, DIRECTOR

How to reach them

WebsiteVisit the charity’s website Emailoffice@bdaftlee.com Phone(201) 585-6099

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: ALBERT & WHITNEY LLC
NTEE classification: Community & Neighborhood Development (S20)
IRS tax category: Community & Neighborhood Development