2024-11-15T12:27:15-06:00 2023-12-31 161071694 SCIARABBA WALKER & CO LLP 410 EAST UPLAND ROAD ITHACA NY 14850 990 2023-01-01 141803886 CENTRAL DISTRICT MANAGEMENT ASSOCIATION CENT 5184624300 176 CENTRAL AVE ALBANY NY 12206 DAVID PARENTE CHAIR 5184624300 2024-11-15 1 1 CHRISTOPHER E MOTT P01560114 6072725550 2023 2024-10-15 13:58:12Z DAVID PARENTE 176 CENTRAL AVE ALBANY NY 12206 1262384 0 X WWW.CENTRALBID.COM X 1998 NY RESTORE VIABILITY OF CENTRAL AVENUE BUSINESS DISTRICT 13 13 8 15 0 0 690956 1223235 20882 38171 1577 978 220 0 713635 1262384 6815 294619 0 0 301147 347732 0 0 0 511726 548194 819688 1190545 -106053 71839 3183103 3198160 1779102 1722319 1404001 1475841 SEE BELOW. 0 0 392104 15355 38171 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. 167374 46064 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. 233051 138193 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. 268762 95007 268762 95007 1061291 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 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 CHAIR 5.00 X X 0 0 0 KEN MORTENSEN VICE CHAIR 5.00 X X 0 0 0 DAN SANDERS CORPORATE 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 ASHLEY MOHL 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 CHIEF ERIC HAWKINS DIRECTOR 5.00 X 0 0 0 ANTHONY CAPECE EXECUTIVE DIRECTOR 40.00 X X 124706 0 0 JEFF MIREL DIRECTOR 5.00 X 0 0 0 124706 0 0 1 0 0 0 0 1198235 25000 1223235 RENTAL INCOME 561439 29490 29490 MISCELLANEOUS REVENUE 900099 8681 8681 38171 978 978 1262384 38171 0 978 294619 294619 124706 106000 18706 158275 142565 15710 47531 40401 7130 17220 14637 2583 28823 24500 4323 28244 24008 4236 15735 13375 2360 4807 4086 721 19415 16503 2912 86433 73468 12965 90668 81601 9067 35348 30046 5302 REPAIRS AND MAINTENANCE 71289 63769 7520 FLOWER & BANNER PROGRAM 41507 35281 6226 UTILITIES 40540 34459 6081 OFFICE INCUBATOR EXPENS 27952 23757 4195 57433 38216 19217 1190545 1061291 129254 0 451043 252305 77744 26556 2454 26939 1755 4305 3306760 418705 2650107 2888055 3183103 3198160 56315 21300 26180 16149 1542409 1533868 154198 151002 1779102 1722319 X 1337095 1408935 66906 66906 1404001 1475841 3183103 3198160 X 71839 1 X X 0 1 X 1 0 X 1422168 776808 738852 690956 1223235 4852019 1422168 776808 738852 690956 1223235 4852019 4852019 86 12 131 1577 978 2784 4854803 59053 0.99940 0.99960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3174289 358309 2815980 132471 60396 72075 2888055 PAYROLL LIABILITIES 5670 SBA LOAN 138833 CREDIT CARD PAYABLE 833 EIDL INTEREST PAYABLE 3941 ACCRUED EXPENSES 1725 151002 1262384 0 1262384 0 1262384 1190544 0 1190544 1 1 1190545 PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING ADJUSTMENT 1 KEMA KREATIONS 255 ORANGE ST ALBANY NY 12210 852008576 14724 0 GENERAL OPERATIONS FRESH & FLY 13 S PEARL STREET ALBANY NY 12207 461056096 15272 0 GENERAL OPERATIONS MOXIE OWL DBA THE YARD 16 SHERIDAN AVENUE ALBANY NY 12210 830979876 14609 0 GENERAL OPERATIONS MAURICE'S DELI 50 SOUTH PEARL ST ALBANY NY 12207 464379733 14672 0 GENERAL OPERATIONS FORT ORANGE STORE 412 BROADWAY ALBANY NY 12207 815272337 15000 0 GENERAL OPERATIONS YOUNG FUTURES 45 HUDSON AVE ALBANY NY 12207 852726781 13131 0 GENERAL OPERATIONS STUDIO23 46 STATE ST SUITE 1 ALBANY NY 12207 850946221 6461 0 GENERAL OPERATIONS PEARL ST DINER 40 N PEARL ST ALBANY NY 12207 300529471 15000 0 GENERAL OPERATIONS CAPITAL FOOD TRUCK 50 YARDBORO AVE ALBANY NY 12205 823876468 15000 0 GENERAL OPERATIONS KENMORE BALLROOM 76 PEARL ST ALBANY NY 12207 843106881 6840 0 GENERAL OPERATIONS STUDIO 109 109 STATE ST ALBANY NY 12207 853162858 4500 0 GENERAL OPERATIONS EASTON BOOKS 20 WILBUR ST ALBANY NY 12202 824798640 2977 0 GENERAL OPERATIONS ALLIE B'S 353 CLINTON AVE ALBANY NY 12206 611613048 15000 0 GENERAL OPERATIONS GOODBEE ELECTRONICS 414 CLINTON AVE ALBANY NY 12206 611954369 14445 0 GENERAL OPERATIONS NANI'S ICED TEA 99 PINE ST ALBANY NY 12207 465094930 10000 0 GENERAL OPERATIONS FAITH CREATIVE NAMES 257 CENTRAL AVE ALBANY NY 12206 800625241 9100 0 GENERAL OPERATIONS CELEBRITIES BARBER SHOP 216 CENTRAL AVE ALBANY NY 12206 371665577 15000 0 GENERAL OPERATIONS MAJESTIC RECORDS 217 CENTRAL AVE ALBANY NY 12206 862125007 15000 0 GENERAL OPERATIONS PAULY'S HOTEL 337 CENTRAL AVE ALBANY NY 12206 261964058 15000 0 GENERAL OPERATIONS YAMAGUCHIE 221 LARK ST ALBANY NY 12208 814953035 14466 0 GENERAL OPERATIONS POTO TRANSPORT 350 NORTHERN BLVD STE 324-1246 ALBANY NY 12204 843449623 5472 0 GENERAL OPERATIONS ALL PLUS TABLE TENNIS LLC 25S ALLEN ST ALBANY NY 12208 882718564 12899 0 GENERAL OPERATIONS HAIR STUDIO 205 205 N ALLEN ST ALBANY NY 12206 141780092 15000 0 GENERAL OPERATIONS KEOBI LLC 189 LARK ST ALBANY NY 12210 834010565 15051 0 GENERAL OPERATIONS 0 24 PART I, LINE 2: THE ORGANIZATIONS MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNT OF GRANTS ASSISTANCE. 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 1. 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.