COMMON MAPS
Map version new-york activity top-down
Main site Contact
Menu
↑ parent activity group ·
research dossier

CENTRAL DISTRICT MANAGEMENT ASSOCIATION
ALBANY, NY · EIN 141803886 · Form 990 · FY2024 · NTEE S20 · Community Improvement · Small ($100K-$1M)
revenue
$957K
expenses
$1.2M
net assets
$1.3M
employees
6
volunteers
15
program ratio
87%
mission · from form 990

RESTORE VIABILITY OF CENTRAL AVENUE BUSINESS DISTRICT

profile · synthesized from sources

Community development organization focused on revitalizing the Central Avenue business district in Albany, NY. Implements a strategic plan to reposition the 2.9-mile commercial corridor through economic development, property recruitment, and identity rebranding. Manages physical redevelopment projects, including the STEAM Garden at 279 Central Avenue.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $234K
    AVENEW 2000 THIS PROGRAM CONSTITUTES THE LONG STANDING STRATEGIC REVITALIZATION PLAN FOR THE CENTRAL AVENUE COMMERCIAL CORRIDOR IN THE CITY OF ALBANY PREPARED FOR THE CENTRAL BUSINESS IMPROVEMENT DISTRICT (CBID) IN SEPTEMBER 2000. IT IS THE ONGOING WORK PLAN USED BY THE ORGANIZATION TO ADVANCE ITS MISSION. THE PLAN'S PRIMARY PURPOSE IS TO PROVIDE A BLUEPRINT FOR THE SUCCESSFUL REPOSITIONING OF CENTRAL AVENUE BY CREATING A NEW IDENTITY FOR THE 2.9-MILE COMMERCIAL "MAIN STREET."
  2. #2 $328K
    STEAM GARDEN THIS PROGRAM ENCOMPASSES THE DEVELOPMENT AND OPERATION OF THE 279 CENTRAL AVENUE PROPERTY. ACTIVITIES INCLUDE PRIMARILY THE SUPERVISION OF THE CONSTRUCTION AND FUTURE PROGRAM PLANNING OF THE BUILDING.
named programs · 3 · from sources

What they call their work

AVENEW 2000
Ongoing strategic revitalization plan for the Central Avenue commercial corridor, serving as the organization's work plan to reposition the 2.9-mile "Main Street" with a new identity.
Corridor Development
Activities to recruit and support economic development in the Business Improvement District, including engagement with property owners, new business development, and strategic partnerships.
STEAM Garden
Development and operation of the 279 Central Avenue property, including supervision of construction and future program planning for the site.
activities · 2 groups

What they do

  • Business Improvement District Management 2 activities
    • Conducting corridor development and economic engagement activities
      Conducts ongoing development of the Central Avenue corridor through recruitment and support of economic development, engagement with property owners, response to property availability inquiries, and collaborative planning with community partners.
    • Implementing strategic revitalization of Central Avenue commercial corridor
      Implements AVENEW 2000, an ongoing strategic plan to reposition the 2.9-mile Central Avenue commercial corridor in Albany by creating a new district identity and driving economic revitalization.
  • Nonprofit Real Estate Holding 1 activity
    • Developing and operating 279 Central Avenue property
      Develops and operates the property at 279 Central Avenue, including supervision of construction and future program planning for the site.
financials · form 990 · fy2024
revenue
Total revenue$957K
Contributions & grants$899K94%
Program service revenue$57K6%
Investment income$4910%
Other revenue$0
expenses
Total expenses$1.18M
Program expenses87%
Admin / overhead13%
Fundraising0%
Salaries & benefits$371K
Grants paid out$297K
Largest expense lineCompensation
balance sheet
Total assets$3.02M
Cash$188K
Investments$0
Liabilities$1.77M
Net assets$1.25M
Liquid reserves1.9 mo
5 years on record · 2020–2024 · YoY revenue -24.2%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
ANTHONY CAPECE EXECUTIVE DIRECTOR 40 $125K
board members · 15
  • ASHLEY MOHL — DIRECTOR
  • CHIEF ERIC HAWKINS — DIRECTOR
  • DAN SANDERS — CORPORATE TREASURER
  • DARIUS SHAHINFAR — DIRECTOR
  • DAVID PARENTE — CHAIR
  • ELLIOTT ROSEN — CORPORATE SECRETARY
  • FRANK ZEOLI — DIRECTOR
  • HON MICHAEL O'BRIEN — DIRECTOR
  • HYDE CLARKE — DIRECTOR
  • JEFF MIREL — DIRECTOR
  • JOHN VERO — DIRECTOR
  • JONATHAN SCHERZER — DIRECTOR
  • KEN MORTENSEN — VICE CHAIR
  • PETER HUGHES — DIRECTOR
  • WONHYUNG LEE — DIRECTOR
relationships · 1

Who they work with

  • Central Business Improvement District (CBID) Partner — Collaborates on the AVENEW 2000 strategic revitalization plan for the Central Avenue commercial corridor.
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 Strategic Partnerships
    methodology: economic_development_through_partnerships
    By building strategic partnerships and engaging property owners and community partners, the organization advances economic development in the district because collaborative relationships increase investment, coordination, and local buy-in.
  • Strategic Revitalization Planning
    methodology: strategic_revitalization_plan
    By implementing a long-term strategic revitalization plan (AVENEW 2000), the organization repositions the commercial corridor and fosters a renewed district identity, because structured planning aligns stakeholders and directs resources toward shared economic and cultural goals.