NonprofitsSpecial Improvement District Borough Of Redbank Inc

Community Improvement & Capacity Building

Special Improvement District Borough Of Redbank Inc

RED BANK, NJ

Total revenue

$1.1M

Total expenses

$671K

Net assets

$414K

Grants received

$16K

2 grants

EIN

223133371

Tax year

2023

Mission

Red Bank RiverCenter is the management organization for the entire downtown business district. It manages business recruitment, promotional events and capital projects in addition to business assistance and work with the Borough of Red Bank.

Programs

2 programs

Business Recruitment and Retention:RiverCenter focused our business recruitment and retention efforts on programs that kept our business district competitive with other nearby shopping centers, strip malls, and downtowns. We met with several prospective new business owners and introduced them to landlords and brokers who showed them potential spaces where they could site their businesses. We attended Planning and Zoning Board hearings to support applications for new businesses and mixed-use properties that would bring in more foot traffic for our current businesses. We also spotlighted new businesses by promoting them through our social media and our digital communications channels and by helping them mount successful ribbon-cutting ceremonies.

Marketing & Promotions: We continued to market the downtown Red Bank business district to our own residents, neighboring communities and counties, and statewide.RiverCenter accomplished the following in 2023: - Grew the audience for our weekly digital newsletter, the Red Bank Beat,featuring new and existing businesses and special events taking place downtown. The Red Bank Beat has become an extremely popular marketing tool with over 7,000 subscribers. - Continued our expansion of social media, garnering nearly 12,000 total followers on Facebook and over 16,000 total followers on Instagram.

Financials

FY 2023

Revenue

Contributions & grants$365K
Program service revenue$654K
Investment income$29K
Other revenue$4K
Total revenue$1.1M

Expenses

Grants paid
Salaries & benefits$229K
Fundraising
Other expenses$442K
Total expenses$671K
Total assets$1.1M
Net assets$414K

People

20 listed

NameRoleCompensation

Jason Daniels

Director

Board

2 hrs/wk

Debbie Eisenstein

Director

Board

2 hrs/wk

Stephen Catania

Director

Board

2 hrs/wk

Darren McConnell

Director

Board

2 hrs/wk

Louis Andrianos

Treasurer

Board

2 hrs/wk

Ben Forest

Director

Board

2 hrs/wk

Ingeborg Perndorfer

Director

Board

2 hrs/wk

Mary DeMont

Secretary

Board

2 hrs/wk

Stephen Racitti

Director

Board

2 hrs/wk

Angela Courtney

Director

Board

2 hrs/wk

Jay Herman

Director

Board

2 hrs/wk

Sheila Hintze

Director

Board

2 hrs/wk

John Anderson

Director

Board

2 hrs/wk

Kate Triggiano

Director

Board

2 hrs/wk

Steven Denholtz

Director

Board

2 hrs/wk

Samantha Bowers-Crader

President

Board

2 hrs/wk

Carl DeAngelis

Director

Board

2 hrs/wk

Adam Phillipson

Vice President

Board

2 hrs/wk

Edward McKenna

Director

Board

2 hrs/wk

Robert Zuckerman

Exec. Director

Staff

$100K

40 hrs/wk

Grants received

Showing 2 of 2

FromAmountPurposeYear
$8K
IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE
2023

Funded by

$16K from 2 funders · 2 grants · 2022–2023

Monmouth County Arts Council Inc

$9K · 1 grant · 2022

Jewish Communal Fund

$8K · 1 grant · 2023

Details

EIN223133371
NTEE codeS300
Subsection03
Ruling date1993-02
Formed1991
Employees5
SPECIAL IMPROVEMENT DISTRICT BOROUGH OF REDBANK INC — Mission, Financials & Grants Received | Grantivo