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Downtown Somerville Alliance Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 831816003 ✦ Somerville, NJ ✦ Designated as a 501(c)(3)

Overview

What is Downtown Somerville Alliance Inc?

The Downtown Somerville Alliance Inc, situated in Somerville, New Jersey, serves as the District Management Corporation for the designated Special Improvement district. Their primary focus is on fostering a balanced and progressive economic development in the downtown area, while offering marketing and advertising services to the district. They also invest in infrastructure and beautification projects, collaborating with historians and environmentalists to preserve and showcase the arts, culture, and history of the region. The organization's mission lies in promoting Downtown Somerville as a vibrant hub for both residents and visitors, encompassing commerce, culture, and community life. With a team of just two dedicated individuals, they work tirelessly to recruit and retain businesses that align with the area's strategic and master plans.


Official website here: www.downtownsomerville.com/

Is Downtown Somerville Alliance Inc legitimate?

Downtown Somerville Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Somerville Alliance Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $132,676

For more financial information, click here


Official website here: www.downtownsomerville.com/

What is the mission statement of Downtown Somerville Alliance Inc?

The Downtown Somerville Alliance Inc serves to position Downtown Somerville as a vibrant hub for commerce, culture, and community life, catering to both local residents and visitors alike. Acting as the District Management Corporation for a designated Special Improvement district, the organization fosters balanced and forward-thinking economic development within the district. It offers marketing and advertising services to boost the district's appeal, invests in infrastructure and beautification projects to enhance its appeal, and collaborates with historians and environmentalists to preserve and celebrate the area's arts, culture, and history. The Alliance's primary focus lies in attracting and retaining businesses that align with the strategic and master plans guiding the district's development.


Official website here: www.downtownsomerville.com/

Who is the CEO of Downtown Somerville Alliance Inc?

Natalie Pineiro is the Chairperson of Downtown Somerville Alliance Inc.


Official website here: www.downtownsomerville.com/

What is the revenue of Downtown Somerville Alliance Inc?

Downtown Somerville Alliance Inc's revenue in 2022 was $837,571.


Official website here: www.downtownsomerville.com/

Who are the executives of Downtown Somerville Alliance Inc and what are their salaries?

The average compensation at Downtown Somerville Alliance Inc during 2022 was $66,338. There are 2 employees and 9 volunteers at Downtown Somerville Alliance Inc.

Here are 10 key members and their salaries:

    Natalie Pineiro (Executive Director)
  • Compensation: $94,000
  • Related: $0
  • Other: $0

    • John Flores (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rand Pitts (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Kerwin (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Sluka (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Aziz (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tony Brokenborough (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Iris Frank (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jenn Pearson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rick St Pierre (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.downtownsomerville.com/

    Where can I find the form 990 for Downtown Somerville Alliance Inc?

    The Downtown Somerville Alliance Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.downtownsomerville.com/

    Learn more at the official website: www.downtownsomerville.com/

    Mission Statement of Downtown Somerville Alliance Inc

    The Downtown Somerville Alliance Inc, acting as the District Management Corporation for the designated Special Improvement district, has a mission to elevate Downtown Somerville as a thriving hub of commerce, culture, and community life. This nonprofit organization strives to foster balanced and progressive economic development within the district. By providing marketing and advertising services, the Alliance aims to attract businesses that align with the strategic and master plans governing the area's development.

    In addition to its economic development efforts, the Downtown Somerville Alliance Inc also takes on the responsibility of coordinating and funding infrastructure and beautification projects. This includes collaborating with historians and environmentalists, ensuring the preservation and promotion of the district's rich arts, culture, and history. By maintaining and showcasing these aspects, the Alliance contributes to the overall appeal and vibrancy of Downtown Somerville, making it an attractive destination for both residents and visitors alike.

    Impact

    This information is meant to be a general summary of Downtown Somerville Alliance Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The impact of the Downtown Somerville Alliance Inc is evident in the vibrant and thriving downtown area of Somerville, NJ. By promoting downtown Somerville as the heart of commerce, culture, and community life, the organization has played a crucial role in attracting residents and visitors alike to the area. Through their efforts in economic development, marketing, infrastructure projects, beautification, and collaboration with historians and environmentalists, the Downtown Somerville Alliance has helped maintain and promote the arts, culture, and history of the region. Additionally, their focus on recruiting and retaining businesses that align with strategic plans has contributed to the overall growth and sustainability of the special improvement district. Overall, the Downtown Somerville Alliance Inc has significantly enhanced the quality of life for those in Somerville and has fostered a sense of community improvement in the area.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $197
  • Program Service Revenue: $0
  • Gross Receipts: $837,571

    • Assets and Liabilities:
  • Total Assets: $54,000
  • Total Liabilities: $170,293
  • Net Assets: -$116,293
  • Organization Details

    Founding Year

    1988

    Principal Officer

    Natalie Pineiro

    Main Address

    50 Division Street, Somerville, NJ, 08876

    NTEE Category

    Code: S31 - Community improvement

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