2024-09-26T18:01:47-05:00 2023-12-31 951777440 GREEN HASSON & JANKS LLP 700 S FLOWER STREET SUITE 3300 LOS ANGELES CA 90017 990 2023-01-01 954653987 DOWNTOWN CENTER BUSINESS IMPROVEMENT DISTRICT MANAGEMENT CORPORATION DOWN 2136242146 600 WILSHIRE BOULEVARD 870 LOS ANGELES CA 90017 SUZANNE HOLLEY PRESIDENT & CEO 2136242146 2024-09-20 1 1 LIZBETH G NEVAREZ P01399868 3108731600 2024-09-20 2023 2024-08-08 14:25:15Z SUZANNE HOLLEY 600 WILSHIRE BOULEVARD 870 LOS ANGELES CA 90017 8043986 0 X HTTP:/WWW.DOWNTOWNLA.COM X 1997 CA PROVIDE SAFETY, MAINTENANCE, AND ECONOMIC DEVELOPMENT SUPPORT FOR AN AREA OF DOWNTOWN LOS ANGELES 24 22 13 25 0 0 0 0 7592668 7912220 23915 131486 0 280 7616583 8043986 0 0 0 0 1788219 1873399 0 0 0 6116226 6419304 7904445 8292703 -287862 -248717 2456710 1880912 2196094 1870198 260616 10714 X TO IMPROVE AND CONVEY SPECIAL BENEFITS TO PROPERTIES LOCATED WITHIN THE CENTRAL BUSINESS DISTRICT OF THE CITY OF LOS ANGELES (THE CITY). 0 0 PROGRAMS AND SERVICES PROVIDED BY DOWNTOWN CENTER BUSINESS IMPROVEMENT DISTRICT (DCBID) INCLUDE THE FOLLOWING:PUBLIC SAFETY - PROVIDING INCREASED PUBLIC SECURITY THROUGH A COMBINATION OF UNIFORMED GUARDS AND WORKING RELATIONSHIPS WITH LOS ANGELES POLICE, LOS ANGELES SHERIFF, AND LOS ANGELES FIRE DEPARTMENTS.MAINTENANCE - MAINTAINING CLEAN SIDEWALKS AND CURBS AND GARBAGE REMOVAL.COMMUNITY SERVICE - TO DEVELOP AND IMPLEMENT SOCIAL PROGRAMS THAT COORDINATE WITH OTHER SOCIAL SERVICE ORGANIZATIONS LOCATED WITHIN THE PRESIDING AREA.DESTINATION MARKETING - PROMOTING DOWNTOWN LOS ANGELES THROUGH THE GENERAL MEDIA AND SPECIAL EVENTS.ECONOMIC DEVELOPMENT - TO RETAIN AND DEVELOP PROSPECTIVE BUSINESSES WITHIN DCBID.SPECIAL PROJECTS - DISTRICT-WIDE MAINTENANCE PROGRAM FOR THE REMOVAL OF TRASH AND GRAFFITI, AND WEED ABATEMENT. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 16 0 1 13 1 0 0 0 0 0 0 0 0 X 24 22 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 CA X MICHAEL ASHKENASI 2134167529 600 WILSHIRE BOULEVARD SUITE 870 LOS ANGELES CA 90017 SUZANNE HOLLEY PRESIDENT & CEO 40.00 0.00 X X 248149 0 33394 NICHOLAS GRIFFIN EXECUTIVE DIRECTOR 40.00 0.00 X 217350 0 1057 BREE VON FAITH VP OF MARKETING & COMMUNICATIONS 40.00 0.00 X 162320 0 17697 JORGE CASTRO VILLALOBOS DIRECTOR OF OPERATIONS 40.00 0.00 X 144745 0 15467 DAN COTE CHAIR 40.00 0.00 X X 0 0 0 ROBERT CUSHMAN PAST CHAIR 1.00 0.00 X X 0 0 0 ADAM DANESHGAR EXECUTIVE VICE CHAIR 1.00 0.00 X X 0 0 0 STACY LIEBERMAN EXECUTIVE VICE CHAIR 1.00 0.00 X X 0 0 0 SAULI DANPOUR TREASURER 1.00 0.00 X X 0 0 0 CARI WOLK SECRETARY 1.00 0.00 X X 0 0 0 NEJDEH AVEDIAN BOARD MEMBER 1.00 0.00 X 0 0 0 JOY BRATHWAITE BOARD MEMBER (LEFT 11/23) 1.00 0.00 X 0 0 0 BARBARA BUNDY BOARD MEMBER (LEFT 9/23) 1.00 0.00 X 0 0 0 WILLIAM DACUNTO BOARD MEMBER 1.00 0.00 X 0 0 0 EVAN GROBECKER BOARD MEMBER 1.00 0.00 X 0 0 0 ERIC GROSSMAN BOARD MEMBER 1.00 0.00 X 0 0 0 SIMON HA BOARD MEMBER 1.00 0.00 X 0 0 0 ROBERT HANASAB BOARD MEMBER 1.00 0.00 X 0 0 0 JENNI HARRIS BOARD MEMBER 1.00 0.00 X 0 0 0 NILES HARRIS BOARD MEMBER (LEFT 6/23) 1.00 0.00 X 0 0 0 JEFF HERRERA BOARD MEMBER 1.00 0.00 X 0 0 0 JENNIFER KALLEND BOARD MEMBER 1.00 0.00 X 0 0 0 BONNY KIRIN-PEREZ BOARD MEMBER 1.00 0.00 X 0 0 0 JOAN MCLANE BOARD MEMBER 1.00 0.00 X 0 0 0 ROBERT MORGAN BOARD MEMBER (LEFT 4/23) 1.00 0.00 X 0 0 0 STUART MORKUN BOARD MEMBER 1.00 0.00 X 0 0 0 CAROL PFANNKUCHE BOARD MEMBER 1.00 0.00 X 0 0 0 PEKLAR PILAVJIAN BOARD MEMBER (LEFT 4/23) 1.00 0.00 X 0 0 0 MARK SPECTOR BOARD MEMBER 1.00 0.00 X 0 0 0 NASH TENNANT BOARD MEMBER (LEFT 11/23) 1.00 0.00 X 0 0 0 DULCE VASQUEZ BOARD MEMBER 1.00 0.00 X 0 0 0 MICHAEL WILSON BOARD MEMBER 1.00 0.00 X 0 0 0 JEFFREY YAMASHIROYA BOARD MEMBER 1.00 0.00 X 0 0 0 772564 0 67615 4 0 1 0 ALLIED UNIVERSAL SECURITY SERVICES 639 WILSHIRE BLVD LOS ANGELES CA 90017 SECURITY 2450119 CHRYSALIS 516 S MAIN STREET LOS ANGELES CA 90013 MAINTENANCE 1999223 PATH 340 N MADISON AVE LOS ANGELES CA 90010 CONSULTANT 201840 3 ASSESSMENT REVENUE 900099 7843099 7843099 CONTRACT REVENUE 900099 69121 69121 7912220 73902 73902 57584 0 57584 57584 57584 OTHER INCOME 900099 280 280 280 8043986 7912220 0 131766 X 499950 1124184 51017 91114 107134 13550 101039 4857436 176767 50683 130017 446050 95569 22503 54865 74264 EQUIPMENT EXPENSE 180420 PROGRAM EXPENDITURES 148978 CITY & COUNTY ADMIN FEE 39886 MEMBERSHIP AND SUBSCRIP 17174 10103 8292703 516444 534933 540934 209058 36051 37054 76053 101670 565731 373917 124083 191814 1128903 772141 34242 34242 2456710 1880912 941946 950007 1254148 920191 2196094 1870198 X 260616 10714 260616 10714 2456710 1880912 -248717 -1185 0 X 0 1 X 1 0 88442 63647 24795 217199 191566 25633 260090 118704 141386 191814 LEASE LIABILITIES 920191 920191 X 8042801 -1185 -1185 8043986 0 8043986 8292703 0 8292703 0 8292703 PART X, LINE 2: DCBID RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. DURING THE YEAR ENDED DECEMBER 31, 2023, DCBID PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AND DID NOT NOTE ANY MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MIGHT HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. X X X 0 0 0 SUZANNE HOLLEY PRESIDENT & CEO 218149 0 30000 0 0 0 15665 0 17729 0 281543 0 0 0 NICHOLAS GRIFFIN EXECUTIVE DIRECTOR 191270 0 25000 0 1080 0 501 0 556 0 218407 0 0 0 BREE VON FAITH VP OF MARKETING & COMMUNICATIONS 152320 0 10000 0 0 0 10086 0 7611 0 180017 0 0 0 JORGE CASTRO VILLALOBOS DIRECTOR OF OPERATIONS 134145 0 10000 0 600 0 8413 0 7054 0 160212 0 0 0 ONNI 600 WILSHIRE LP MARK SPECTOR, BOARD MEMBER, IS THE VP OF DEVELOPMENT AT ONNI GROUP. 194897 OFFICE RENTAL 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITEE MAY ACT ON BEHALF OF THE GOVERNING BODY SUBJECT TO LIMITATIONS AS NOTED IN THE BYLAWS. DURING THE YEAR, THE EXECUTIVE COMMITTEE INCLUDED: 1) DAN COTE, CHAIR 2) CARI WOLK, SECRETARY 3) ADAM DANESHGAR, EXECUTIVE VICE CHAIR 4) STACY LIEBERMAN, EXECUTIVE VICE CHAIR 5) SAULI DANPOUR, TREASURER 6) SUZANNE HOLLEY, PRESIDENT & CEO FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS ONLY REVIEWED INTERNALLY BY THE PRESIDENT & CEO, DIRECTOR OF ADMINISTRATION & POLICY, AND DCBID'S ACCOUNTANT, CURRENTLY NOBLE ACCOUNTING, LLP. A COPY IS NOT PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, A CODE OF CONDUCT DISCLOSURE IS GIVEN TO EACH BOARD MEMBER AND THEY ARE REQUIRED TO SIGN IT AND AGREE TO ITS PROVISIONS. POTENTIAL CONFLICTS OF INTEREST INVOLVING THE CEO OR OTHER CORPORATE OFFICERS ARE REVIEWED BY THE BOARD OF DIRECTORS AND THE PRESIDENT & CEO. FORM 990, PART VI, SECTION B, LINE 15 THE DCBID EXECUTIVE COMMITTEE IS RESPONSIBLE FOR REVIEWING THE CEO'S PERFORMANCE ON AN ANNUAL BASIS AND DETERMINING THE TERMS OF THE EMPLOYMENT AGREEMENT. ONLY THE CEO IS BOUND BY AN EMPLOYMENT AGREEMENT CONTRACT. FORM 990, PART VI, SECTION B, LINE 15B: THE CEO MAKES RECOMMENDATIONS TO THE BOARD EXECUTIVE COMMITTEE REGARDING COMPENSATION FOR SENIOR MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G SECURITY SERVICES 2,307,568. OTHER PROFESSIONAL FEES 1,959,915. CONSULTING FEES 329,122. AMBASSADOR PROGRAM 160,749. TRASH DISPOSAL 90,482. PAYROLL PROCESSING FEES 9,600.