Nonprofit · EIN 38-3873130
WESTCHESTER SQUARE BUSINESS IMPROVEMENT DISTRICT INC
Tax-exempt · BRONX, NY 10461
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $592,720 | $676,837 | -$84,117 | $164,181 | $0 | $164,181 |
| June 30, 2024 | 990 | $598,032 | $691,915 | -$93,883 | $251,827 | $3,529 | $248,298 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $592,720
- of which government grants
- $160,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $104,423
- Other salaries and wages
- $129,417
- Salaries, compensation and benefits (total)
- $272,869
- Professional fundraising fees
- $0
- Accounting fees
- $2,250
- Occupancy
- $24,599
- Depreciation
- $13,307
- Program services (functional)
- $439,414
- Management and general (functional)
- $237,423
Balance sheet and other
- Total assets, start of year
- $251,827
- Total assets, end of year
- $164,181
- Total liabilities, end of year
- $0
- Net assets, end of year
- $164,181
- Land, buildings and equipment
- $10,947
- Net assets without donor restrictions
- $164,181
- Gross receipts
- $592,720
- Employees
- 7
- Volunteers
- 0
- Year formed
- 2012
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREER MAYHEW | BOARD MEMBER Trustee or director | 1 | $0 |
| CHARMAINE MANGAROO SBS | BOARD MEMBER Trustee or director | 1 | $0 |
| HON AMANDA FARIAS | BOARD MEMBER Trustee or director | 1 | $0 |
| MARSHALL STRAWBRIDGE | BOARD MEMBER Trustee or director | 1 | $0 |
| FRANCINE MARINO | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL MCDERMOTT | CHAIRPERSON Officer | 10 | $0 |
| CHARLES BENSON | VICE-CHAIR Officer | 10 | $0 |
| LINDA INFANTE | SECRETARY Officer | 10 | $0 |
| ELDEN VASQUEZ | TREASURER Officer | 5 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| YASMIN CRUZ | EXECUTIVE DIRECTOR Highest-paid employee | 35 | $0 | $101,923 |
| JOHN BONIZIO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RICK MAGLIARI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARSHALL STRAWBRIDGE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANTISON ORTIZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL PISACANO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOANNA SIMONE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHARMAINE MANGAROO SBS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MATTHEW CRUZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| FRANCINE MARINO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOSE QUESADA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HON AMANDA FARIAS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GARY SHEPPARD | CHAIRMAN Officer | 5 | $0 | $0 |
| VINCENT ANZALONE ESQ | VICE-CHAIR Officer | 5 | $0 | $0 |
| CHARLES BENSON | SECRETARY Officer | 5 | $0 | $0 |
| MICHAEL MCDERMOTT | TREASURER Officer | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 43 WESTCHESTER SQ FRNT 2, BRONX, NY 10461-3551
- Principal officer (990 for 2024)
- MICHAEL MCDERMOTT, 43 WESTCHESTER SQ 2ND FL, BRONX, NY 10461
- Signed the 990
- MICHAEL MCDERMOTT, CHAIRPERSON
- Phone
- (718) 597-4629
- Website
- WWW.WSBID.ORG
- Return prepared by
- DIMAGGIO & ROCCAMO CPAS LLP
Mission
TO ADMINISTER NEW YORK CITY BUSINESS IMPROVEMENT DISTRICT PROGRAM IN THE WESTCHESTER SQUARE SECTION OF THE BRONX, NEW YORK.
Program accomplishments
- THE ORGANIZATION PROVIDES SANITATION, STREET DECORATIONS, LOCAL BUSINESS PROMOTION AND HOLIDAY LIGHTING TO THE WESTCHESTER SQUARE SECTION OF THE BRONX, NEW YORK.Expenses $439,414
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 38-3873130
- 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
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $164,181
- Income (IRS master file)
- $592,720
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $592,720 | $676,837 | $164,181 | IRS |
| 990 | June 2024 | $598,032 | $691,915 | $251,827 | XML |
| 990 | June 2023 | $651,970 | $616,356 | $350,638 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 38-3873130).
Questions about WESTCHESTER SQUARE BUSINESS IMPROVEMENT DISTRICT INC
- What is the EIN of WESTCHESTER SQUARE BUSINESS IMPROVEMENT DISTRICT INC?
- The employer identification number (EIN) of WESTCHESTER SQUARE BUSINESS IMPROVEMENT DISTRICT INC is 38-3873130.
- Is WESTCHESTER SQUARE BUSINESS IMPROVEMENT DISTRICT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to WESTCHESTER SQUARE BUSINESS IMPROVEMENT DISTRICT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WESTCHESTER SQUARE BUSINESS IMPROVEMENT DISTRICT INC 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 WESTCHESTER SQUARE BUSINESS IMPROVEMENT DISTRICT INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WESTCHESTER SQUARE BUSINESS IMPROVEMENT DISTRICT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of WESTCHESTER SQUARE BUSINESS IMPROVEMENT DISTRICT INC?
- The 990 for the year ended June 30, 2025 names MICHAEL MCDERMOTT.
- Who are the officers and directors of WESTCHESTER SQUARE BUSINESS IMPROVEMENT DISTRICT INC?
- The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does WESTCHESTER SQUARE BUSINESS IMPROVEMENT DISTRICT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $592,720, expenses of $676,837 and total assets of $164,181 at year end.
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