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INWOOD MERCHANT ASSOCIATION INC

NEW YORK, NY · EIN 843395768 · Form 990 · FY2024 · Small ($100K-$1M)
revenue
$575K
expenses
$608K
net assets
$-11K
employees
4
volunteers
50
program ratio
0%
mission · from form 990

THE INWOOD MERCHANT ASSOCIATIONS MISSION IS TO FORTIFY THE FABRIC OF INWOODS BUSINESS COMMUNITY THROUGH PRESERVATION, EDUCATION, AND ADVOCACY. WE ARE COMMITTED TO FOSTERING BUSINESS EXPANSION AND COMMUNITY DEVELOPMENT BY IMPLEMENTING ROBUST ECONOMIC PROGRAMS THAT INCREASE THE INCOME POTENTIAL OF ALL BUSINESSES WITHIN OUR JURISDICTION. COMMITTED TO ENHANCING THE COMMUNITY'S SOCIAL, CULTURAL, AND CIVIC VITALITY, WE CHAMPION INITIATIVES AIMED AT ENHANCING INWOOD'S FUNCTIONAL AND AESTHETIC APPEAL, THEREBY FOSTERING A DYNAMIC, PROSPEROUS ENVIRONMENT IN WHICH EVERY BUSINESS CAN FLOURISH.

profile · synthesized from sources

The Inwood Merchant Association supports small businesses in the Inwood and Washington Heights neighborhoods of New York City. It advances economic development through workforce training, public space activation, and commercial corridor maintenance. The organization focuses on improving the local business environment, increasing income opportunities, and enhancing community vitality through targeted programs and partnerships.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $40K
    AS PART OF THE PARTNERSHIP BETWEEN RENAISSANCE TECHNICAL INSTITUTE AND THE INWOOD MERCHANT ASSOCIATION, THE CONTRACTOR PROVIDED ESSENTIAL SERVICES IN THE EXECUTION AND DELIVERY OF THE WORKFORCE EDUCATION AND TRAINING. KEY ACHIEVEMENTS INCLUDE: SUPPORTED THE ENROLLMENT AND TRAINING OF 47 RESIDENTS FROM INWOOD AND WASHINGTON HEIGHTS IN HIGH-DEMAND FIELDS SUCH AS HVAC, ELECTRICAL, SOLAR INSTALLATION, OSHA, PLUMBING, AND COMPUTER SKILLS. ENSURED EFFECTIVE COMMUNITY OUTREACH AND PARTICIPANT ENGAGEMENT IN TARGET ZIP CODES (10032, 10033, 10034, AND 10040), WITH 73% OF PARTICIPANTS RESIDING IN INWOOD AND WASHINGTON HEIGHTS.
  2. #2 $21K
    UNDER THE PLAZA COMMUNITY ENGAGEMENT PROGRAM, IMA PARTNERED WITH THE QUISQUEYA PLAZA TO ACTIVATE AND MAINTAIN THE COMMUNITY PLAZAS AS A VIBRANT PUBLIC SPACE FOR COMMUNITY ENGAGEMENT CULTURAL PROGRAMMING AND LOCAL ECONOMIC SUPPORT. KEY ACCOMPLISHMENTS ARE EXECUTED PUBLIC EVENTS SUCH AS CULTURAL CELEBRATIONS, SMALL BUSINESS ACTIVATIONS, AND SEASONAL COMMUNITY GATHERINGS ATTENDED BY THOUSANDS OF PEOPLE, BOTH RESIDENCE AND NON- RESIDENCE. HELPED COORDINATE LOGISTICS, VENDOR PARTICIPATION, AND ENTERTAINMENT, CONTRIBUTING TO A WELCOMING AND ORGANIZED EXPERIENCE FOR ATTENDEES. SUPPORTED THE CREATION OF A CONSISTENT AND INCLUSIVE PRESENCE AT THE PLAZA, ENCOURAGING LOCAL FOOT TRAFFIC COMMUNITY PRIDE AND MERCHANT VISIBILITY. PROMOTED CIVIC ENGAGEMENT THROUGH EVENT SUPPORT THAT REFLECTED THE CULTURAL RICHNESS AND DIVERSITY OF THE INWOOD MERCHANT ASSOCIATION.
named programs · 3 · from sources

What they call their work

Plaza Community Engagement Program
Partnership with Quisqueya Plaza to host cultural events, small business activations, and community gatherings that promote civic engagement and local economic activity.
Street and Sidewalk Cleaning Services
Regular cleaning of Dyckman Street commercial corridors to improve cleanliness, safety, and aesthetics; supports over 150 small businesses and enhances customer experience.
Workforce Education and Training
Partnership with Renaissance Technical Institute to train 47 local residents in high-demand trades including HVAC, electrical, plumbing, solar installation, OSHA, and computer skills; focused on zip codes 10032, 10033, 10034, and 10040.
activities · 3 groups

What they do

  • Supplemental Urban Sanitation Services 1 activity
    • Maintain cleanliness of commercial zones through litter and debris removal
      Provided consistent litter and debris removal along high-traffic commercial zones, maintaining public-facing areas serving over 150 small businesses and improving cleanliness, safety, and visual appeal.
  • Community Festival & Event Production 1 activity
    • Organize and execute public community events
      Executed public events including cultural celebrations, small business activations, and seasonal community gatherings attended by thousands of residents and non-residents.
  • Clean Energy Workforce Training 1 activity
    • Train residents in technical and trade skills
      Supported the enrollment and training of 47 residents from Inwood and Washington Heights in high-demand technical fields including HVAC, electrical, solar installation, OSHA, plumbing, and computer skills.
financials · form 990 · fy2024
revenue
Total revenue$575K
Contributions & grants$575K100%
Program service revenue$00%
Investment income$00%
Other revenue$0
expenses
Total expenses$608K
Program expenses0%
Admin / overhead0%
Fundraising0%
Salaries & benefits$261K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$122K
Cash$99K
Investments$0
Liabilities$133K
Net assets$-11K
Liquid reserves2.0 mo
2 years on record · 2023–2024 · YoY revenue -41.7%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
GWENDOLYNE MARTINEZ EXECUTIVE DI 40 $89K
board members · 9
  • ARELIA TAVAREZ — SECRETARY
  • CARRIE TORRES — MEMBER
  • CINDY MATOS — TREASURER
  • ISIDRO MEDINA — VICE CHAIR
  • JASON COMPTON — CHAIR
  • JERITZA MEJIA — MEMBER
  • JOELKYS ABREU — MEMBER
  • MEYLIN MOTA — MEMBER UNTIL
  • YAJAIRA GONZALEZ — MEMBER
relationships · 2

Who they work with

  • Quisqueya Plaza Partner — Partnered to activate and maintain community plazas for cultural programming, public events, and local economic support.
  • Renaissance Technical Institute Partner — Partnered to deliver workforce education and training programs for local residents.
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Economic Development Through Local Business Support
    methodology: economic-development-through-local-business-support
    By implementing economic programs focused on preservation, education, and advocacy, the organization increases income potential for local businesses and fosters community development, because these core levers strengthen local economic resilience and capacity for growth.
  • Neighborhood Beautification for Economic Growth
    methodology: neighborhood-beautification-for-economic-growth
    By enhancing the functional and aesthetic appeal of public spaces, the organization improves the commercial environment and supports local business success, because physical improvements create more attractive and viable conditions for economic activity.