Nonprofit · EIN 65-1290073
BAY RIDGE 5TH AVENUE DISTRICT MANAGEMENT ASSOCIATION INC
Tax-exempt · BROOKLYN, NY 11209
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $610,748 | $604,533 | $6,215 | $681,443 | $340,367 | $341,076 |
| June 30, 2024 | 990 | $625,344 | $630,422 | -$5,078 | $382,974 | $48,113 | $334,861 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $609,000
- of which government grants
- $609,000
- Program service revenue
- $0
- Investment income
- $7,405
- Net income from fundraising events
- -$5,657
- Other revenue
- -$5,657
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $75,000
- Other salaries and wages
- $71,849
- Salaries, compensation and benefits (total)
- $146,849
- Professional fundraising fees
- $0
- Occupancy
- $22,480
- Depreciation
- $3,945
- Program services (functional)
- $499,873
- Management and general (functional)
- $104,660
Balance sheet and other
- Total assets, start of year
- $382,974
- Total assets, end of year
- $681,443
- Total liabilities, end of year
- $340,367
- Net assets, end of year
- $341,076
- Land, buildings and equipment
- $22,339
- Net assets without donor restrictions
- $341,076
- Gross receipts
- $654,490
- Employees
- 4
- Year formed
- 2007
- 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 |
|---|---|---|---|
| Elizabeth Lovejoy | Executive Dir. Trustee or director | 40 | $75,000 |
| James Clark | Treasurer Officer | 0 | $0 |
| Essa Masoud | President Officer | 0 | $0 |
| Basil Capetanakis | Secretary Officer | 0 | $0 |
| Joseph Sollecito | Vice President Officer | 0 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Elizabeth Lovejoy | Executive Dir. Trustee or director | 40 | $74,167 |
| James Clark | Treasurer Officer | 0 | $0 |
| Essa Masoud | President Officer | 0 | $0 |
| Basil Capetanakis | Secretary Officer | 0 | $0 |
| Joseph Sollecito | Vice President Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 482 80TH STREET 2ND FL, BROOKLYN, NY 11209-3903
- Principal officer (990 for 2024)
- Essa Masoud, 482 80th Street 2nd Fl, Brooklyn, NY 11209
- Signed the 990
- Essa Masoud, President
- Phone
- (718) 238-8181
- Website
- www.bayridgebid.com
- Return prepared by
- Cipriani & Bauer CPAs
Mission
The Bay Ridge 5th Ave Business Improvement District (BID) is a non-profit organization serving 5th avenue, between 65th and 85th streets. The BID is a partner to local property owners, merchants, residents, elected officials, and community organizations to improve neighborhood conditions, that promote economic and cultural vitality of our commercial corridor.
Program accomplishments
- PROVIDED SUPPLEMENTAL SERVICES TO THE COMMUNITY INCLUDING SANITATION, SECURITY, HOLIDAY DECORATIONS, GRAFFITI REMOVAL, AND OTHER SERVICES AND ACTIVITIES WHICH FOSTER SAFETY, CRIME REDUCTION, IMPROVED TRAFFIC FLOW AND CLEANLINESS FOR THE GENERAL WELL BEING OF THE COMMUNITY.Expenses $499,873
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
- 65-1290073
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S200)
- Assets (IRS master file)
- $681,443
- Income (IRS master file)
- $654,490
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $610,748 | $604,533 | $681,443 | XML |
| 990 | June 2024 | $625,344 | $630,422 | $382,974 | XML |
| 990 | June 2023 | $701,371 | $669,464 | $370,773 | IRS |
| 990 | June 2022 | $711,417 | $686,129 | $357,248 | 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 65-1290073).
Questions about BAY RIDGE 5TH AVENUE DISTRICT MANAGEMENT ASSOCIATION INC
- What is the EIN of BAY RIDGE 5TH AVENUE DISTRICT MANAGEMENT ASSOCIATION INC?
- The employer identification number (EIN) of BAY RIDGE 5TH AVENUE DISTRICT MANAGEMENT ASSOCIATION INC is 65-1290073.
- Is BAY RIDGE 5TH AVENUE DISTRICT MANAGEMENT ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to BAY RIDGE 5TH AVENUE DISTRICT MANAGEMENT ASSOCIATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BAY RIDGE 5TH AVENUE DISTRICT MANAGEMENT ASSOCIATION 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 BAY RIDGE 5TH AVENUE DISTRICT MANAGEMENT ASSOCIATION 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 BAY RIDGE 5TH AVENUE DISTRICT MANAGEMENT ASSOCIATION 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 BAY RIDGE 5TH AVENUE DISTRICT MANAGEMENT ASSOCIATION INC?
- The 990 for the year ended June 30, 2025 names Essa Masoud.
- Who are the officers and directors of BAY RIDGE 5TH AVENUE DISTRICT MANAGEMENT ASSOCIATION INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 1 received compensation from the organization, the highest $75,000 (Elizabeth Lovejoy, Executive Dir.).
- How much revenue does BAY RIDGE 5TH AVENUE DISTRICT MANAGEMENT ASSOCIATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $610,748, expenses of $604,533 and total assets of $681,443 at year end.
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