Forest Avenue District Management Association Inc.

Overview

The Forest Avenue District Management Association Inc. is a 501(c)(3) nonprofit organization registered in New York State. It operates as a Business Improvement District (BID) located in Staten Island, New York. The organization focuses on fostering a thriving local economy by supporting businesses and enhancing community welfare within the Forest Avenue commercial corridor, covering areas from Hart Boulevard to Broadway.

Mission

The mission of the Forest Avenue District Management Association Inc. is to cultivate strong relationships between local businesses and the community they serve. Through collaborative efforts, the organization aims to enhance the quality of life for both residents and business owners. This involves advocating for area improvements identified by local stakeholders and supporting economic growth.

Operations and Services

The BID provides various services to ensure a vibrant, clean, and safe area. Some of these services include:

• Sidewalk and Gutter Litter Removal
• Graffiti Removal
• Installation of New Trash Receptacles
• Advertising and Banners
• Holiday Lighting
• Special Events
• Community Development Initiatives

Additionally, the organization is involved in marketing and events, public safety, and hospitality, which help in branding the district and promoting small businesses.

Financial Information

As of recent financial reports, the organization's revenue is primarily composed of contributions, which account for nearly all of its income. In 2023, the organization reported a revenue of $218,000 and expenses of $204,000, with total assets valued at $215,000 and liabilities of $106,000.

Governance

The Forest Avenue District Management Association Inc. is governed by a board of directors. As of available data, directors include Andrea S. Morse, Eddie Donovan, Peter Marci, Donald DeRosa, Kamillah Hanks, Vito Fosella, and Michael Melamed, among others.

Tax-Exempt Status

Donations to the Forest Avenue District Management Association Inc. are tax-deductible, aligning with its designation as a community improvement and economic development organization under the National Taxonomy of Exempt Entities (NTEE).

Classification

The organization falls under the category of Community Improvement and Economic Development, reflecting its role in enhancing the local environment and promoting economic vitality.