2024-08-22T13:11:24-07:00 2023-12-31 202466693 Donna Foxman CPA 105 Foxwood Terrace Toms River NJ 08755 990 2023-01-01 223133371 Special Improvement District Borough of Red Bank Inc Red Bank RiverCenter SPEC 7328424244 46 English Plaza 6B Red Bank NJ 07701 Robert Zuckerman Executive Director 2024-08-22 true true Donna Foxman CPA P01320600 7323497638 X 2023 2024-08-08 14:25:15Z Robert Zuckerman 1909627 false X www.RedBank.org X 1991 NJ Red Bank RiverCenter is the management organization for the entire downtown business district. It manages business recruitment, promotional events and capital projects in addition to business assistance and work with the Borough of Red Bank. 19 19 5 0 5125 365450 630422 654012 1532 28760 9117 3674 646196 1051896 0 0 137539 228771 0 0 407014 441940 544553 670711 101643 381185 1124925 1055338 1101815 641496 23110 413842 X RiverCenter's mission is to cultivate and promote a thriving economic environment in downtown Red Bank. RiverCenter employs programs in business recruitment, marketing and promotions, design, development management and capital improvement. false false 473282 RiverCenter 2023 Activities and AccomplishmentsIn 2023 Red Bank RiverCenter (the organization that manages the Special Improvement District for the borough of Red Bank) continued to advance its mission to cultivate and promote a thriving economic environment in downtown Red Bank. To further this goal, we continued to follow the guidelines of the five-year strategic plan developed back in 2018,with 2023 constituting the fifth year, and furthered our multi-pronged approach with programs that center on business recruitment and retention, marketing and promotions, design and infrastructure, and engaging the community. 2023 activities included the successful search and hiring of a new full-time Events and Marketing Manager. Business Recruitment and Retention:RiverCenter focused our business recruitment and retention efforts on programs that kept our business district competitive with other nearby shopping centers, strip malls, and downtowns. We met with several prospective new business owners and introduced them to landlords and brokers who showed them potential spaces where they could site their businesses. We attended Planning and Zoning Board hearings to support applications for new businesses and mixed-use properties that would bring in more foot traffic for our current businesses. We also spotlighted new businesses by promoting them through our social media and our digital communications channels and by helping them mount successful ribbon-cutting ceremonies. Marketing & Promotions: We continued to market the downtown Red Bank business district to our own residents, neighboring communities and counties, and statewide.RiverCenter accomplished the following in 2023: - Grew the audience for our weekly digital newsletter, the Red Bank Beat,featuring new and existing businesses and special events taking place downtown. The Red Bank Beat has become an extremely popular marketing tool with over 7,000 subscribers. - Continued our expansion of social media, garnering nearly 12,000 total followers on Facebook and over 16,000 total followers on Instagram. 473282 true false false false false false false false false false true false false true true false true false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 19 0 true 5 true false false false false false false false 0 false false false false false false false X 19 19 false false false false true true true true true false false true true true true true true true true false NJ X X X corporation 7328424244 46 English Plaza Suite 6B Red Bank NJ 07701 X Robert Zuckerman Exec. Director 40.00 0.00 100000 0 0 Jason Daniels Director 2.00 0.00 X 0 0 0 Debbie Eisenstein Director 2.00 0.00 X 0 0 0 Stephen Catania Director 2.00 0.00 X 0 0 0 Darren McConnell Director 2.00 0.00 X 0 0 0 Louis Andrianos Treasurer 2.00 0.00 X X 0 0 0 Ben Forest Director 2.00 0.00 X 0 0 0 Ingeborg Perndorfer Director 2.00 0.00 X 0 0 0 Mary DeMont Secretary 2.00 0.00 X X 0 0 0 Stephen Racitti Director 2.00 0.00 X 0 0 0 Angela Courtney Director 2.00 0.00 X 0 0 0 Jay Herman Director 2.00 0.00 X 0 0 0 Sheila Hintze Director 2.00 0.00 X 0 0 0 John Anderson Director 2.00 0.00 X 0 0 0 Kate Triggiano Director 2.00 0.00 X 0 0 0 Steven Denholtz Director 2.00 0.00 X 0 0 0 Samantha Bowers-Crader President 2.00 0.00 X X 0 0 0 Carl DeAngelis Director 2.00 0.00 X 0 0 0 Adam Phillipson Vice President 2.00 0.00 X X 0 0 0 Edward McKenna Director 2.00 0.00 X 0 0 0 100000 0 false false false 0 365450 365450 Programs & events 74042 74042 Red Bank assessment 579970 579970 654012 21213 21213 0 0 0 745254 737707 7547 7547 7547 123698 120024 3674 0 0 0 1051896 661559 21213 0 0 0 0 100000 50000 50000 0 97543 47810 49733 0 14719 11001 3718 16509 7929 8580 0 0 0 0 0 0 0 51048 28672 22376 23646 14187 9459 0 0 37142 25999 11143 0 0 0 1823 1823 0 1067 1067 13554 10368 3186 Infrastructure/design 137875 137875 Consultants 55516 27758 27758 Visitors Center 50000 50000 Program & event costs 39840 39840 30429 21843 8586 670711 473282 197429 0 187723 36135 717692 855824 0 6935 24751 0 0 0 0 21218 5314 80337 78631 2774 1706 0 0 0 0 188583 131608 1124925 1055338 6926 14775 545856 495113 549033 131608 1101815 641496 X 23110 413842 23110 413842 1124925 1055338 381185 9547 X false true X true false X 92500 86001 39974 5125 365450 589050 538120 564970 564970 579970 579970 2828000 0 630620 650971 604944 585095 945420 3417050 0 3417050 4184 3259 420 1532 21213 30608 0 0 3447658 0.99110 0.99620 X 75000 75000 5337 3631 1706 1706 Right of use asset 131608 131608 Lease liability 131608 131608 1181467 9547 120024 129571 1051896 1051896 790735 120024 120024 670711 670711 Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Fundraising reported at gross $120024 Part XII, Line 2d: Other expenses and losses per audited F/S Fundraising costs netted with revenue $120024 X X X false 5K Run 70137 70137 52710 Oktober Fest 51414 51414 28673 121551 121551 81383 81383 40168 Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: Design & Infrastructure: In 2023 the RiverCenter - Kept downtown sidewalks and curbsides litter free through the efforts of our part-time sidewalk ambassador. - Beautified our streetscapes with seasonal blooms from April to November through our Horticulture Program, a partnership between RiverCenter, the Borough of Red Bank, and volunteers from the Navesink Garden Club. - Brightened our street with lights and holiday decorations to enhance sales and good holiday cheer. - Reviewed and commented on more than 40 construction proposals. OTHER PROGRAM SERVICES 5: RiverCenter 2023 Activities and AccomplishmentsIn 2023 Red Bank RiverCenter (the organization that manages the Special Improvement District for the borough of Red Bank) continued to advance its mission to cultivate and promote a thriving economic environment in downtown Red Bank. To further this goal, we continued to follow the guidelines of the five-year strategic plan developed back in 2018,with 2023 constituting the fifth year, and furthered our multi-pronged approach with programs that center on business recruitment and retention, marketing and promotions, design and infrastructure, and engaging the community. 2023 activities included the successful search and hiring of a new full-time Events and Marketing Manager. Form 990, Part VI, Section A, Line 7a Commercial property owners in the Special Improvement District elect their Board of Directors by a ballot that is mailed to them annually. Officers are then elected at the next board meeting. Form 990, Part VI, Section B, Line 11b The executive committee meets twice a month and the board meets quarterly. The form 990 is reviewed by the treasurer and then brought to the board for discussion and approval. Form 990, Part VI, Section B, Line 12c All board members have a copy of the Center's conflict of interest policies. Any issues are brought to the executive committee, then to the board. Issues are resolved at the board meetings. Form 990, Part VI, Section B, Line 15a The board compares information obtained from similar organizations in comparable size towns. The information is used by the executive committee when preparing the annual budget. The budget is approved by the board annually. Form 990, Part VI, Section C, Line 19 Information is provided upon request.