Lower East Side District Management Corporation Inc
Lower East Side District Management Corporation Inc maintains stable finances with growing assets and no reported officer compensation.
EIN: 133683266 · New York, NY · NTEE: S31Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $1.9M |
| Program Spending | 85% |
| Net Assets | $1.9M |
| Transparency Score | 90/100 |
Is Lower East Side District Management Corporation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lower East Side District Management Corporation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lower East Side District Management Corporation Inc
Lower East Side District Management Corporation Inc (EIN: 133683266) is a nonprofit organization based in New York, NY, classified under NTEE code S31Z. The organization reported total revenue of $2.2M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lower East Side District Management Corporation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lower East Side District Management Corporation Inc is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$59K |
| Total Assets | $2.3M |
| Total Liabilities | $414K |
| Net Assets | $1.9M |
| Operating Margin | 3.0% |
| Debt-to-Asset Ratio | 18.1% |
| Months of Reserves | 14.4 months |
Financial Health Grade: A
In 2023, Lower East Side District Management Corporation Inc reported a surplus of $59K with revenue exceeding expenses, holds 14.4 months of operating reserves (strong position), has a debt-to-asset ratio of 18.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lower East Side District Management Corporation Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +42.8% | +22.0% | +17.2% |
| 2022 | -28.5% | -9.6% | -5.2% |
| 2021 | +1.9% | -8.7% | +1.4% |
| 2020 | +20.4% | +13.8% | +8.4% |
| 2019 | +17.7% | +26.0% | -3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lower East Side District Management Corporation Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Lower East Side District Management Corporation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $59K, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is a highly unusual and positive finding, suggesting that leadership may be volunteer-based or compensated through other means not classified as officer compensation, and that resources are primarily directed to programs and operations.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Lower East Side District Management Corporation Inc's IRS 990 filings:
- Fluctuating annual net income, with a deficit reported in 2022 (Expenses $1,561,098 exceeding Revenue $1,374,724).
Strengths
The following positive indicators were identified for Lower East Side District Management Corporation Inc:
- Consistent growth in assets, from $919,806 in 2014 to $2,291,059 in 2023.
- No reported officer compensation across all filings, indicating high resource allocation to mission.
- Generally stable revenue generation over the past decade, with latest revenue at $1,962,860.
- Healthy asset-to-liability ratio, demonstrating strong financial stability.
- Regular and consistent IRS 990 filing history, indicating good transparency.
Frequently Asked Questions about Lower East Side District Management Corporation Inc
Is Lower East Side District Management Corporation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lower East Side District Management Corporation Inc (EIN: 133683266) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Lower East Side District Management Corporation Inc spend its money?
Lower East Side District Management Corporation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lower East Side District Management Corporation Inc tax-deductible?
Lower East Side District Management Corporation Inc is registered as a tax-exempt nonprofit (EIN: 133683266). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lower East Side District Management Corporation Inc's spending goes to programs?
Lower East Side District Management Corporation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lower East Side District Management Corporation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Lower East Side District Management Corporation Inc is above average for NTEE category S31Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lower East Side District Management Corporation Inc located?
Lower East Side District Management Corporation Inc is headquartered in New York, New York and files with the IRS under EIN 133683266. It is classified under NTEE code S31Z.
How many years of IRS 990 filings does Lower East Side District Management Corporation Inc have?
Lower East Side District Management Corporation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.2M in total revenue.
Is Lower East Side District Management Corporation Inc a good charity?
Based on the available IRS 990 data, the organization appears to be a good charity. It demonstrates strong financial health with growing assets, consistent revenue generation, and, notably, reports 0% officer compensation, suggesting a high dedication of resources to its mission.
How has the organization's financial health changed over the past decade?
The organization's financial health has generally improved over the past decade. Assets have more than doubled from $919,806 in 2014 to $2,291,059 in 2023, and revenue has consistently been above $1 million since 2016, indicating stable growth and resource accumulation.
What is the trend in the organization's liabilities?
Liabilities have fluctuated but generally remained manageable relative to assets. They ranged from a low of $56,065 in 2021 to a high of $413,874 in 2023. While the 2023 figure is higher, it is still well within the organization's asset base of $2,291,059.
Does the organization have sufficient reserves?
With assets of $2,291,059 and annual expenses of $1,903,892 in 2023, the organization appears to have sufficient reserves, holding more than one year's worth of operating expenses in assets. This provides a strong financial cushion.
Filing History
IRS 990 filing history for Lower East Side District Management Corporation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lower East Side District Management Corporation Inc's revenue has grown by 101.9%, moving from $972K to $2.0M. Total assets increased by 184.3% over the same period, from $806K to $2.3M. Total functional expenses rose by 102.6%, from $940K to $1.9M. In its most recent filing year (2023), Lower East Side District Management Corporation Inc reported a surplus of $59K, with revenue exceeding expenses. The organization holds $414K in liabilities against $2.3M in assets (debt-to-asset ratio: 18.1%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $1.9M | $2.3M | $414K | — | View 990 |
| 2022 | $1.4M | $1.6M | $2.0M | $136K | — | View 990 |
| 2021 | $1.9M | $1.7M | $2.1M | $56K | — | View 990 |
| 2020 | $1.9M | $1.9M | $2.0M | $223K | — | View 990 |
| 2019 | $1.6M | $1.7M | $1.9M | $62K | — | View 990 |
| 2018 | $1.3M | $1.3M | $1.9M | $104K | — | View 990 |
| 2017 | $1.6M | $1.1M | $1.9M | $107K | — | View 990 |
| 2016 | $1.6M | $1.0M | $1.5M | $111K | — | View 990 |
| 2015 | $976K | $958K | $940K | $110K | — | View 990 |
| 2014 | $993K | $949K | $920K | $107K | — | View 990 |
| 2013 | $961K | $962K | $883K | $114K | — | View 990 |
| 2012 | $925K | $938K | $878K | $108K | — | View 990 |
| 2011 | $972K | $940K | $806K | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $1.9M, and assets of $2.3M (revenue +42.8% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.6M, and assets of $2.0M (revenue -28.5% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.7M, and assets of $2.1M (revenue +1.9% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.9M, and assets of $2.0M (revenue +20.4% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.7M, and assets of $1.9M (revenue +17.7% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.3M, and assets of $1.9M (revenue -14.3% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.1M, and assets of $1.9M (revenue -1.6% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.0M, and assets of $1.5M (revenue +61.9% year-over-year).
- 2015: Revenue of $976K, expenses of $958K, and assets of $940K (revenue -1.7% year-over-year).
- 2014: Revenue of $993K, expenses of $949K, and assets of $920K (revenue +3.3% year-over-year).
- 2013: Revenue of $961K, expenses of $962K, and assets of $883K (revenue +3.9% year-over-year).
- 2012: Revenue of $925K, expenses of $938K, and assets of $878K (revenue -4.8% year-over-year).
- 2011: Revenue of $972K, expenses of $940K, and assets of $806K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lower East Side District Management Corporation Inc:
Data Sources and Methodology
This transparency report for Lower East Side District Management Corporation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.