2024-06-27T07:11:46-05:00 2022-12-31 161071694 SCIARABBA WALKER & CO LLP 410 EAST UPLAND ROAD ITHACA NY 14850 990 2022-01-01 141803886 CENTRAL DISTRICT MANAGEMENT ASSOCIATION CENT 5184624300 176 CENTRAL AVE ALBANY NY 12206 ANTHONY CAPECE EXECUTIVE DIRECTOR 5184624300 2024-06-27 1 ANTHONY CAPECE XXX-XX-XXXX 0 CHRISTOPHER E MOTT P01560114 6072725550 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z X ANTHONY CAPECE 176 CENTRAL AVE ALBANY NY 12206 713635 0 X WWW.CENTRALBID.COM X 1998 NY RESTORE VIABILITY OF CENTRAL AVENUE BUSINESS DISTRICT 14 14 10 14 0 0 738852 690956 0 20882 1531 1577 6652 220 747035 713635 6379 6815 0 0 281609 301147 0 0 0 413443 511726 701431 819688 45604 -106053 3273033 3183103 1762983 1779102 1510050 1404001 X SEE BELOW. 0 0 321340 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 REPAIR RESEARCH, HOLIDAY DECORATIONS, INSTALLATION OF SEASONAL AND VISUAL MEDIA AND HARDWARE, AND PARKING LOT MAINTENANCE. 138358 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 AVAILABLE PROPERTIES, PLANNING AND DEVELOPMENT WITH A COMMUNITY PARTNER AND DEVELOPING STRATEGIC PARTNERS TO BRING NEEDED RESOURCES AND EFFORTS TO THE BID AREA. 83821 6814 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. 157810 21102 MARKETING/PROMOTION THIS PROGRAM IS RESPONSIBLE FOR BANNERS, MURALS, AND PUBLIC ART, EVENTS, PROMOTION OF THE AREA AND AN ECONOMIC OPPURTUNITY, PARTNERSHIPS WITH REGIONAL AND OTHER SIMILAR ECONOMIC DEVELOPMENT PROGRAMS, ETC. 157810 21102 701329 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X ANTHONY CAPECE 5184624300 279 CENTRAL AVENUE ALBANY NY 12206 DAVID PARENTE BOARD CHAIR 5.00 X X 0 0 0 KEN MORTENSEN VICE CHAIR 5.00 X X 0 0 0 DAN SANDERS TREASURER 5.00 X X 0 0 0 ELLIOTT ROSEN CORPORATE SECRETARY 5.00 X X 0 0 0 DARIUS SHAHINFAR DIRECTOR 5.00 X 0 0 0 JOHN VERO DIRECTOR 5.00 X 0 0 0 WONHYUNG LEE DIRECTOR 5.00 X 0 0 0 JEFF MIREL DIRECTOR 5.00 X 0 0 0 JONATHAN SCHERZER DIRECTOR 5.00 X 0 0 0 HON MICHAEL O'BRIEN DIRECTOR 5.00 X 0 0 0 PETER HUGHES DIRECTOR 5.00 X 0 0 0 FRANK ZEOLI DIRECTOR 5.00 X 0 0 0 HYDE CLARKE DIRECTOR 5.00 X 0 0 0 SARAH REGINELLI DIRECTOR 5.00 X 0 0 0 ANTHONY CAPECE EXECUTIVE DIRECTOR 40.00 X X 120000 0 0 120000 0 0 1 0 0 0 0 613212 77744 690956 RENTAL INCOME 561439 18590 18590 MISCELLANEOUS REVENUE 900099 2292 2292 20882 1577 1577 220 0 220 220 713635 21102 0 1577 2562 2562 4253 4253 120000 90000 30000 131640 123894 7746 43212 36730 6482 6295 5351 944 66307 57314 8993 32933 27993 4940 3018 2565 453 9165 7790 1375 87967 74772 13195 94176 80050 14126 30012 25510 4502 UTILITIES 32195 27366 4829 REPAIRS AND MAINTENANCE 31698 26943 4755 MAINTENANCE EQUIPMENT 28792 24473 4319 FLOWER PROGRAM 25428 21614 3814 70035 62149 7886 819688 701329 118359 0 514680 451043 100284 77744 11468 2454 1133 1755 2997982 347875 2645468 2650107 3273033 3183103 34424 56315 26180 1715936 1542409 12623 154198 1762983 1779102 X 1443144 1337095 66906 66906 1510050 1404001 3273033 3183103 X -106053 2 X X 0 1 X 1 0 X 893735 1422168 776808 738852 690956 4522519 893735 1422168 776808 738852 690956 4522519 4522519 86 12 131 20167 20396 2292 2292 4545207 0.99500 0.99640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2906562 329758 2576804 91420 18117 73303 2650107 PAYROLL LIABILITIES 5364 SBA LOAN 146201 CAPITAL LEASE OBLIGATION 2633 154198 713635 0 713635 0 713635 819685 0 819685 2 2 819687 PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING ADJUSTMENT 2. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS THREE VOTING CLASSES OF GENERAL MEMBERSHIP. CLASS A ARE OWNERS OF REAL PROPERTY IN THE DISTRICT AS REGISTERD WITH THE CITY OF ALBANY TO RECEIVE REAL PROPERTY TAX BILLS. CLASS B ARE TENANTS WHO ARE OCCUPANTS PURSUANT TO LEASES OF COMMERCIAL SPACE WITHIN THE DISTRICT. CLASS C ARE PERSONS BY VIRTUE OF THEIR APPOINTMENT AS MUNICIPAL REPRESENTATIVES AND ANY DESIGNEES OF THESE APPOINTMENTS MUST BE EMPLOYEES OR OWNERS OF THE RELATED MEMBER TENANCY THEY REPRESENT. FORM 990, PART VI, SECTION A, LINE 7A CLASS C MEMBERS HAVE THE ABILITY TO APPOINT A DESIGNEE TO SERVE. FORM 990, PART VI, SECTION B, LINE 11B THE ASSOCIATION PROVIDES A COMPLETE COPY OF THE FORM 990 TO ALL MEMBERS OF ITS GOVERNING BODY FOR REVIEW ON AN ANNUAL BASIS BEFORE FILING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C THE ASSOCIATION PROVIDES THE BOARD WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND ON ITS WEBSITE. FORM 990, PART XI, LINE 9: ROUNDING ADJUSTMENT 2. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE COMPRISED OF ALL MEMBERS OF THE BOARD WHO ARE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT. AMENDED FORM 990 EXPLANATION FORM 990, PART I, LINE 13: HAS BEEN CHANGED TO 24,279 DUE TO FINAL ISSUED FINANCIAL STATEMENTS. FORM 990, PART I, LINE 15: HAS BEEN CHANGED TO 301,147 DUE TO FINAL ISSUED FINANCIAL STATEMENTS. FORM 990, PART I, LINE 17: HAS BEEN CHANGED TO 494,259 DUE TO FINAL ISSUED FINANCIAL STATEMENTS. FORM 990, PART III, LINE 4A EXPENSES AND REVENUES: HAVE BEEN CHANGED TO 321,340 EXPENSES AND 0 REVENUES DUE TO FINAL ISSUED FINANCIAL STATEMENTS. FORM 990, PART III, LINE 4B EXPENSES AND REVENUES: HAS BEEN CHANGED TO 138,358 EXPENSES AND 0 REVENUES DUE TO FINAL ISSUED FINANCIAL STATEMENTS. FORM 990, PART III, LINE 4C EXPENSES AND REVENUES: HAS BEEN CHANGED TO 83,821 EXPENSES AND 0 REVENUES DUE TO FINAL ISSUED FINANCIAL STATEMENTS. FORM 990, PART III, LINE 4D EXPENSES AND REVENUES: HAS BEEN CHANGED TO 157,808 EXPENSES AND 21,102 REVENUES DUE TO FINAL ISSUED FINANCIAL STATEMENTS. FORM 990, PART III, LINE 4E EXPENSES: HAS BEEN CHANGED TO 701,327 DUE TO FINAL ISSUED FINANCIAL STATEMENTS. FORM 990, PART IX, LINES 1-25: ALLOCATIONS HAVE BEEN CHANGED TO MATCH ALLOCATIONS ON FINAL ISSUED FINANCIAL STATEMENTS. FORM 990, PART IV LINE 12A: CHANGED TO YES. FORM 990, PART V LINE 1C: CHANGED TO YES. FORM 990, PART XII LINES 2B AND 2C: CHANGED TO YES. FORM 990, SCH A LINES 8 AND 10: CHANGED TO 20,167 AND 2,292. FORM 990, SCH B, PART II: NATIONAL GRID WAS REMOVED FROM CONTRIBUTORS. MOHAWK VALLEY CARPET WITH A CONTRIBUTION OF 37,650 AND COMALLI GROUP INC WITH A CONTRIBUTION OF 30,000 WERE ADDED AS CONTRIBUTORS. FORM 990, SCH D PART XI LINES 1 AND 5: CHANGED TO 713,635. FORM 990, SCH D PART XII LINE 1: CHANGED TO 819,685. FORM 990, SCH D PART XII LINES 4B: CHANGED TO 2. FORM 990, SCH D PART XII LINE 5: CHANGED TO 819,687.