Nonprofit · EIN 14-1803886
CENTRAL DISTRICT MANAGEMENT ASSOCATION
Also known as CENTRAL ALBANY B I D
Tax-exempt · ALBANY, NY 12206
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $956,794 | $1,178,909 | -$222,115 | $3,021,915 | $1,768,189 | $1,253,726 |
| December 31, 2023 | 990 | $1,262,384 | $1,190,545 | $71,839 | $3,198,160 | $1,722,319 | $1,475,841 |
| December 31, 2022 | 990 (amended) | $713,635 | $819,688 | -$106,053 | $3,183,103 | $1,779,102 | $1,404,001 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $898,907
- of which government grants
- $898,907
- Program service revenue
- $57,396
- Investment income
- $491
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $297,271
- Compensation of officers, directors and key employees
- $124,810
- Other salaries and wages
- $155,787
- Salaries, compensation and benefits (total)
- $370,838
- Professional fundraising fees
- $0
- Legal fees
- $5,016
- Accounting fees
- $40,690
- Travel
- $6,055
- Depreciation
- $99,953
- Program services (functional)
- $1,022,239
- Management and general (functional)
- $156,670
Balance sheet and other
- Total assets, start of year
- $3,198,160
- Total assets, end of year
- $3,021,915
- Total liabilities, end of year
- $1,768,189
- Net assets, end of year
- $1,253,726
- Land, buildings and equipment
- $2,788,100
- Net assets without donor restrictions
- $1,186,820
- Net assets with donor restrictions
- $66,906
- Gross receipts
- $956,794
- Employees
- 6
- Volunteers
- 15
- Year formed
- 1998
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANTHONY CAPECE | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $124,810 |
| DAVID PARENTE | CHAIR Trustee or director, Officer | 5 | $0 |
| KEN MORTENSEN | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| DAN SANDERS | CORPORATE TREASURER Trustee or director, Officer | 5 | $0 |
| ELLIOTT ROSEN | CORPORATE SECRETARY Trustee or director, Officer | 5 | $0 |
| DARIUS SHAHINFAR | DIRECTOR Trustee or director | 5 | $0 |
| JOHN VERO | DIRECTOR Trustee or director | 5 | $0 |
| WONHYUNG LEE | DIRECTOR Trustee or director | 5 | $0 |
| ASHLEY MOHL | DIRECTOR Trustee or director | 5 | $0 |
| JONATHAN SCHERZER | DIRECTOR Trustee or director | 5 | $0 |
| HON MICHAEL O'BRIEN | DIRECTOR Trustee or director | 5 | $0 |
| PETER HUGHES | DIRECTOR Trustee or director | 5 | $0 |
| FRANK ZEOLI | DIRECTOR Trustee or director | 5 | $0 |
| HYDE CLARKE | DIRECTOR Trustee or director | 5 | $0 |
| CHIEF ERIC HAWKINS | DIRECTOR Trustee or director | 5 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFF MIREL | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANTHONY CAPECE | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $124,706 |
| DAVID PARENTE | CHAIR Trustee or director, Officer | 5 | $0 |
| KEN MORTENSEN | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| DAN SANDERS | CORPORATE TREASURER Trustee or director, Officer | 5 | $0 |
| ELLIOTT ROSEN | CORPORATE SECRETARY Trustee or director, Officer | 5 | $0 |
| DARIUS SHAHINFAR | DIRECTOR Trustee or director | 5 | $0 |
| JOHN VERO | DIRECTOR Trustee or director | 5 | $0 |
| WONHYUNG LEE | DIRECTOR Trustee or director | 5 | $0 |
| ASHLEY MOHL | DIRECTOR Trustee or director | 5 | $0 |
| JONATHAN SCHERZER | DIRECTOR Trustee or director | 5 | $0 |
| HON MICHAEL O'BRIEN | DIRECTOR Trustee or director | 5 | $0 |
| PETER HUGHES | DIRECTOR Trustee or director | 5 | $0 |
| FRANK ZEOLI | DIRECTOR Trustee or director | 5 | $0 |
| HYDE CLARKE | DIRECTOR Trustee or director | 5 | $0 |
| CHIEF ERIC HAWKINS | DIRECTOR Trustee or director | 5 | $0 |
| JEFF MIREL | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2022: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANTHONY CAPECE | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $120,000 |
| DAVID PARENTE | BOARD CHAIR Trustee or director, Officer | 5 | $0 |
| KEN MORTENSEN | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| DAN SANDERS | TREASURER Trustee or director, Officer | 5 | $0 |
| ELLIOTT ROSEN | CORPORATE SECRETARY Trustee or director, Officer | 5 | $0 |
| DARIUS SHAHINFAR | DIRECTOR Trustee or director | 5 | $0 |
| JOHN VERO | DIRECTOR Trustee or director | 5 | $0 |
| WONHYUNG LEE | DIRECTOR Trustee or director | 5 | $0 |
| JEFF MIREL | DIRECTOR Trustee or director | 5 | $0 |
| JONATHAN SCHERZER | DIRECTOR Trustee or director | 5 | $0 |
| HON MICHAEL O'BRIEN | DIRECTOR Trustee or director | 5 | $0 |
| PETER HUGHES | DIRECTOR Trustee or director | 5 | $0 |
| FRANK ZEOLI | DIRECTOR Trustee or director | 5 | $0 |
| HYDE CLARKE | DIRECTOR Trustee or director | 5 | $0 |
| SARAH REGINELLI | DIRECTOR Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 279 CENTRAL AVE, ALBANY, NY 12206-2611
- In care of
- % ANTHONY CAPECE
- Principal officer (990 for 2024)
- DAVID PARENTE, 176 CENTRAL AVE, ALBANY, NY 12206
- Signed the 990
- DAVID PARENTE, CHAIR
- Phone
- (518) 462-4300
- Website
- WWW.CENTRALBID.COM
- Return prepared by
- SCIARABBA WALKER & CO LLP
Mission
SEE BELOW.
Program accomplishments
- 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.Expenses $178,919 · grants $8,918
- AVENEW 2000 THIS PROGRAM CONSTITUTES THE LONG STANDING STRATEGIC REVITALIZATION PLAN FOR THE CENTRAL AVENUE COMMERCIAL CORRIDOR IN THE CITY OF ALBANY PREPARED FOR THE CENTRAL BUSINESS IMPROVEMENT DISTRICT (CBID) IN SEPTEMBER 2000. IT IS THE ONGOING WORK PLAN USED BY THE ORGANIZATION TO ADVANCE ITS MISSION. THE PLAN'S PRIMARY PURPOSE IS TO PROVIDE A BLUEPRINT FOR THE SUCCESSFUL REPOSITIONING OF CENTRAL AVENUE BY CREATING A NEW IDENTITY FOR THE 2.9-MILE COMMERCIAL "MAIN STREET."Expenses $233,582 · grants $148,635
- 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.Expenses $327,588 · grants $53,509 · revenue $57,396
- Expenses $282,150 · grants $86,209
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 14-1803886
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $3,021,915
- Income (IRS master file)
- $956,794
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $956,794 | $1,178,909 | $3,021,915 | IRS |
| 990 | December 2023 | $1,262,384 | $1,190,545 | $3,198,160 | XML |
| 990 | December 2022 | $713,635 | $819,688 | $3,183,103 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 14-1803886).
Questions about CENTRAL DISTRICT MANAGEMENT ASSOCATION
- What is the EIN of CENTRAL DISTRICT MANAGEMENT ASSOCATION?
- The employer identification number (EIN) of CENTRAL DISTRICT MANAGEMENT ASSOCATION is 14-1803886.
- Is CENTRAL DISTRICT MANAGEMENT ASSOCATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to CENTRAL DISTRICT MANAGEMENT ASSOCATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CENTRAL DISTRICT MANAGEMENT ASSOCATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CENTRAL DISTRICT MANAGEMENT ASSOCATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CENTRAL DISTRICT MANAGEMENT ASSOCATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CENTRAL DISTRICT MANAGEMENT ASSOCATION?
- The 990 for the year ended December 31, 2024 names DAVID PARENTE.
- Who are the officers and directors of CENTRAL DISTRICT MANAGEMENT ASSOCATION?
- The 990 for the year ended December 31, 2024 lists 16 people; 1 received compensation from the organization, the highest $124,810 (ANTHONY CAPECE, EXECUTIVE DIRECTOR).
- How much revenue does CENTRAL DISTRICT MANAGEMENT ASSOCATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $956,794, expenses of $1,178,909 and total assets of $3,021,915 at year end.
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