17th Annual Report

Kingsbridge District Management Association

Kingsbridge Business Improvement District

September 2018

WHAT THE BID DOES FOR THE KINGSBRIDGE SHOPPING DISTRICT

Sanitation & Graffiti Removal:

We have 4 rotating workmen on our Sanitation crew; Mamadou, Leon, Eddie and Ray. Each day they are sweeping the sidewalks and emptying trash. Except major holidays, this goes on from morning until late afternoon. They are our eyes for illegal vendors, merchants’ debris problems, empty grocery carts, etc. The BID office provides a space for their equipment and uniforms and a place to rest and eat. Graffiti is removed once a month and more often if a merchant calls us about a major problem. Yearly the bricks around all tree pits are power washed. SANITATION IS THE MOST EXPENSIVE AND IMPORTANT PROGRAM THE BID UNDERTAKES.

Trash Cans: After removing pebble cans which were very old and in disrepair, Jennifer did a complete survey of all our trash cans and found new locations for some of them. Our sanitation crew then moved several of them around to cover the shopping district more evenly. The BID purchased 20 trash cans and with the other 48 provided by NYC Sanitation, the BID now has 68 trash cans. Each year the BID has all trash cans power washed.

Graffiti: Each month we walk the district and submit a graffiti report. The BID can only remove ground floor graffiti. More and more graffiti is now scratchitti on glass which cannot be removed or repaired. Next year, due to budget cuts this monthly work will only be done as needed.

                             Before                                                                After

Regular Tasks: inspect banners for needed repairs; stay in touch with NYPD regarding illegal vendors; attend monthly meetings of Traffic & Transportation, Public Safety at the 50th Precinct; yearly meetings with the NYPD and all Bronx BIDs; monitor new City legislation; and update website information. Daily administration includes vendor contracts, financials, data studies, requests to and from City agencies.

 MTA has installed Bus Clocks at both                                    More bike racks needed   

          W 231 and Broadway. Now the wait                        

                  doesn’t seem so long.

Having a great time with our Community Affairs Officers and Deputy Inspector O’Toole of the 50th Precinct at the Annual Bronx BIDs meeting with the NYPD.

Retailers: We try to help with landlord problems. Many times this is a lease problem. The BID now has information for any retailer on leasing. Stop by our office and check out this resource. NYC is overhauling trash collection regulations. We will keep everyone informed once there is a final decision by the City Council.

Developed and finished a Security and Shoplifting survey. Gave out information to many retailers about the new NCO program at the NYPD.

Property Owners: We reached out to those with empty stores to discuss any problems and make suggestions.  Letters were sent to owners asking them to keep rents at a reasonable rates to keep stores occupied. Encourage your landlord to participate in our Board of Directors or you can serve for them.

                  Abandoned bike removed                                      Land & Sea Problems

City Agencies: abandoned bikes; clean up of step streets; requested Way-Finding signage for Kingsbridge; on-going request to move bus stop from Land & Sea south to Post Office site; requested a traffic study for BJ’s; new signal light added on Broadway for Broadway Plaza shopping center. Submitted requests for new trees in empty pits or dead tree replacement. Requested multiple bike racks from DOT. 

Trees: We completed a new survey of all 128 trees and their condition in the BID. They are provided by the Dept. of Forestry, but our landscaping company mulches and weeds them. There are 28 tree guards, generously donated from local & state government officials throughout the years. Five merchants have installed their own guards. The biggest damage to trees comes from stores pouring liquid in the pits, delivery bikes chained to trees and livery drivers trampling them. The BID has planted 1500 bulbs in many of the tree pits which show up each spring.

Closed Stores: Uptown Sports, Health N’ Nutrition Galaxy, Mi Bodeguita Deli, 231 Star Deli, Elder Serve.

New Stores: Golden Dream Furniture, Star Furniture, Kicks USA, feelBeauty Wig & Hair Works, BuildNBox, Casa Blanca, Herba Life, Punto De Sabor Express, and Sugarboy Bakery. 

                Sugarboy Bakery                                               Build N Box                                                         Kicks USA

Renovations: Thank You to ... Broadway Deals #1 for new signage and removing graffiti; Mr. Footwear has exterior and interior renovations; the cutest new doorway at Tremont Paint; new sidewalks at Lots for Less.  Montefiore Medical has doubled its space on Broadway.

Marketing: All merchants receive annual calendars during the holiday season and new shopping maps when available. When we are contacted by the local media, we always refer them to specific retailers for exposure and suggest topics of concern. Check our website: www.kingsbridgebidnyc.org for your listing information. Let us know of any corrections.

Illegal Vendors: With the help of the NYPD and the new NCO Program we are trying our best to keep illegal vendors from Kingsbridge. It is very difficult as they return and return. Some have left and others show up during holidays. PLEASE LET YOUR CUSTOMERS KNOW THAT these vendors do not pay taxes, hire locally nor support community events. You keep Kingsbridge vibrant not street vendors.

Holiday Lighting: This project to decorate Broadway and W 231 will remain. It is so important to retailers and shoppers that we present a festive look to Kingsbridge for the holiday shopping season.

Street Lighting:

For many years the BID has been working with DOT to increase lighting on Broadway due to the darkness created by the subway. With the new LED lights installed the BID has now made progress toward installing another light fixture over the SIDEWALKS on Broadway. This will be an expensive project and may take several years.

Congratulations to these retailers who have been in Kingsbridge over 50 years!!!!

COLUMBIA FLORIST; DALE DINER; KEENAN’S BAR; LOESER’S KOSHER DELI; RIVERDALE EYE CARE; RIVERDALE LIQUORS; ROBERT E. HILL REAL ESTATE; SAM’S PIZZA; STATE FARM INSURANCE; TREMONT PAINT ; and WILLIAMS FUNERAL HOME.  Of course we cannot forget Church of the Mediator which has been in the community since 1855!

BID Membership: All retailers & property owners are automatically members of the BID. But, in order to vote for a Board member at the Annual Meeting, you must have signed a membership card 5 days prior to the meeting.

Your Volunteer Board of Directors: In order to provide all of these programs to the District, a Board of Directors meets regularly to make sound fiscal and programming decisions. They make sure all NYC regulations covering Business Improvement Districts are followed. This includes yearly audits to safeguard the BID funds, adequate insurance to protect the BID and monitoring of changing conditions within the BID. Please consider serving on the Board of Directors.

Board of Directors

President, Andrew R. Williams, Williams Funeral Home

Vice-President, Daniel Alvarez, Storage Deluxe

Vice-President, Peter Blier, Martin & Kenneth Realty

Secretary, Dr. Donald Spector, Cambridge Podiatry Center

Treasurer, Robert M. Johnson, M.J. Martin & Son Inc.

Margaret Donato, Resident Representative

Yvonne Jennings, Maxx Tax

Yanni Koumoulos, Land & Sea Restaurant

Elected Officials

NYC Mayor Bill de Blasio

           represented by Sean Dennihy-Bailey

NYC Comptroller Scott Stringer

          represented by Victor Martinez

Bronx Borough President Ruben Diaz, Jr.

          represented by Rafael A. Roger

NYC Councilman Andrew Cohen

          represented by Joshua Stephenson

Your BID Staff: Jennifer Sproull and Katherine Broihier

Statement of Financial Position

ASSETS                                                           2017         2016

CURRENT ASSETS

   Cash and cash equivalents                           161,048  211,002

   Cash and cash equivalents-Board

Designated                                                      100,000  100,000

Prepaid Expenses                                                5,060      2,797

    TOTAL CURRENT ASSETS                    266,108  313,799

FIXED ASSETS

   Office furniture and equipment, net of

accumulated depreciation of $3,776 and

$5,743 respectively                                               5,196       851

OTHER ASSETS

   Security deposit                                               3,090      3,090

                    TOTAL ASSETS                       274,394  317,740

 LIABILITIES AND NET ASSETS

CURRENT LIABILITIES

   Accounts payable and accrued

expenses                                                            23,204    26,238

NET ASSETS

   Net assets without donor restrictions           151,190  191,502

   Net assets without donor restrictions-

Board Designated                                            100,000  100,000

TOTAL NET ASSETS                                   251,190  291,502

TOTAL LIABILITIES AND NET

ASSETS                                                          274,394  317,740

Statement of Activities and Changes in

Net Assets                                                         2017        2016

          REVENUE

   BID Assessments                                        329,000   329,000

   Interest Income                                                  377          278

       TOTAL REVENUE                               329,377  329,278

         EXPENSES

BID program services                                     331,458  306,791

Supporting services, mngmnt & gen’l               38,231    36,980

      TOTAL EXPENSES                               369,689  343,771

CHANGE IN NET ASSETS WITHOUT

DONOR RESTRICTIONS                             -40,312   -14,493

NET ASSETS WITHOUT DONOR

RESTRICTIONS-BEGINNING OF

YEAR                                                             291,502  305,995

NET ASSETS WITHOUT DONOR

RESTRICTIONS-END OF YEAR             251,190      291,502

Operating Budget FY 18-19

                                          REVENUE

Assessments                                                                   329,000

Interest                                                                                  285

                                   TOTAL REVENUE                    329,286

EXPENSES

                                  Program Expenses

Sanitation                                                                       140,175

Holiday Lights                                                                 30,000

Marketing                                                                         11,000

Beautification                                                                   17,300

                                 PROGRAM TOTALS                  198,475

MGMNT & GEN’L EXPENSES

Payroll, taxes/benefits                                                      87,832

Insurance                                                                            3,205

Professional Services                                                       10,000

Rent & Utilities                                                                22,795

Office Supplies                                                                  6,075

MANAGEMENT & GEN’L EXP TOTALS        129,907

TOTAL EXPENSES                                 328,382