Belmont District Management Association Inc.

Overview

The Belmont District Management Association Inc. is a nonprofit organization, designated as a New York City Business Improvement District (BID). It operates under Section 501(c)(3) of the Internal Revenue Code, exempting it from federal, state, and local income taxes[2][5].

Mission and Activities

The Belmont District Management Association aims to enhance the economic well-being and quality of life in the Belmont community, particularly in "Little Italy in the Bronx." Its mission focuses on promoting the local identity and culinary heritage while leveraging community assets for economic development[1].

Services Provided:

• Public Safety: The organization employs private security guards who work alongside the New York City Police Department (NYPD) to maintain safety and address incidents[1].
• Sanitation: It employs private sanitation workers to keep streets and sidewalks clean, including tasks like street sweeping, snow removal, and minor public improvements[1][2].
• Marketing and Promotion: The association employs a strategic communications agency to support local businesses through advertising and promotional efforts[1].

Financial Structure

The organization primarily receives funding through contributions, government grants, and a special assessment on properties within the Belmont Business Improvement District[2]. In recent years, it has received notable grants from the City of New York[2]. The financial statements are prepared on an accrual basis of accounting, reflecting all significant liabilities and assets[2].

Governance

The Belmont District Management Association is managed by a board of directors, which includes representatives from both local and citywide government positions[1]. The board is responsible for guiding the organization's activities and ensuring it meets its stated mission.

History

The Belmont District Management Association was incorporated in the State of New York in 2009[2]. Since then, it has worked to improve the economic and cultural environment of Little Italy in the Bronx.