NCMS Annual Report 2015 06

8/21/2019 NCMS Annual Report 2015 06

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North Capitol Main Street, Inc.

2014Annual Report



It is with tremendous pride and pleasure that we release this annual report for the year 2014.Many doubted that it would be possible, but a small group of determined residents and businessowners believed in the potential of this great organization.

At the beginning of last year, we found ourselves not in the best of health as an organization. Wespent the first two quarters making sure that our infrastructure was in place, both physically andfinancially, so that we could begin to serve our businesses with a solid foundation. It was adaunting task but within six months, we were able to regain our accreditation and fully restore ourfunding with the Department of Small and Local Business Development.

We have not looked back since. We've held record setting events for this area, awarded anunprecedented amount of grant funding directly to our businesses and have been a powerful voicein the city as we advocate on behalf of the business owners within our corridor. It is not lost on us

that as the area is seeing the rebirth of North Capitol Main Street, we are also seeing an uptick indevelopment activity and opening of new businesses along the corridor as well.

We welcome your support and participation as we continue to expand. By supporting thisorganization either financially or by volunteering you will be greatly enhancing this community, itsbusinesses and residents. We are looking forward to even greater growth and the opportunity tocontinue to serve you at an even greater capacity. Please continue to meet us in North Capitol DC!

Dear Friends and Supporters of North Capitol Main Street –

Aisha Bond, Board ChairDemetris Cheatham, Executive Director

NorthCapitolDC



GRANT FUNDINGLast year, North Capitol Main Street provided over $200,000 to businesses for variousbusiness improvement projects.

Big Bear Café - Garden Patio ImprovementsCatania Bakery - Façade Improvement, Lighting and New Commercial MixerDcity Smokehouse - New Signage, Door and Awning Improvements, HVAC repairs

Health IT Solutions - Architectural Drawings for Office ExpansionThe Pub & The People - New Windows and DoorsRustik Tavern - Weathering Roof Patio ImprovementsUncle Chips Bakery - Signage & Patio Furniture

We also provided social media, website and marketing technical assistance tobusinesses. We also completed a customer intercept survey and business inventory.

CUSTOMER INTERCEPT SURVEY

NorthCapitolDC

What additional serviceswould you be Interested in?

Answered: 187 Skipped: 20

Spa / HairSalon

Nail Salon

Dog Walking / pet grooming

Urgent carecenter

Doctor’soffices

Dentist’soffices

Bank

Gym / fitnessstudio

Children’splay place

Other (pleasespecify)

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Supermarket / grocery store

Organic / specialty...

Women’sfashion and...

Men’s fashionand accessories

Sporting goods / running store

Pet supplies

Corner store / convenience...

Liquor / winestore

Pharmacy


What types of additional retailerswould you be Interested in?


0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Coffee shop / cafe

Asian

Bakery

Maxican / Latin

Brasserie / Bistro

Ice cream / frozen yogurt

Fine dining

BBQ

Diner / Breakfast


What types of additional restauranwould you be Interested in?


0% 10% 20% 30% 40% 50% 60% 70% 80% 90%



FINANCES

North Capitol Main Street, Inc. 2:32 PM

Balance Sheet 04/14/2015

As of December 31, 2014 Cash Basis

Dec 31, 14

ASSETS

Current Assets

Checking/Savings

1000 · Cash

1010 · TD Bank 323.72

1020 · Bank of Georgetown 108,970.68

Total 1000 · Cash 109,294.40

Total Checking/Savings 109,294.40

Accounts Receivable1200 · Grants Receivable

Other Grants -60,000.00

Total 1200 · Grants Receivable -60,000.00

Total Accounts Receivable -60,000.00

Total Current Assets 49,294.40

TOTAL ASSETS 49,294.40

LIABILITIES & EQUITY

Liabilities

Current Liabilities

Accounts Payable

20000 · Accounts Payable -5.00

Total Accounts Payable -5.00

Total Current Liabilities -5.00

Total Liabilities -5.00

Equity

30000 · Opening Bal Equity 2,100.00

32000 · Unrestricted Net Assets -49,318.70

Net Income 96,518.10

Total Equity 49,299.40

TOTAL LIABILITIES & EQUITY 49,294.40

North Capitol Main Street, Inc. 2:18 PM

Prot & Loss 04/14/2015

January through December 2014 Cash Basis

Jan - Dec 14

Ordinary Income/Expense

Income

4200 · Program Income

Program Development 95,649.09

Professional Development 110.00

General & Overhead (Ofce Exp) 23,628.00

Program Supplies 500.00

Consulting & Contractors 2,000.00

Personnel 62,358.00

4200 · Program Income - Other 178,848.69

Total 4200 · Program Income 363,093.78

4000 · Grants

4030 · BID Clean Team 25,000.00

4040 · Other DC Grants 15,050.00

Total 4000 · Grants 40,050.00

4100 · Other Income

4130 · Donations 1,000.00

Total 4100 · Other Income 1,000.00

Total Income 404,143.78

Expense

General Operations 412.50

5200 · MS Program Expenses

Program Development 95,933.50

Professional Development 110.00

General & Overhead (Ofce Exp) 23,829.00

Program Supplies 719.00

Consulting & Contractors 12,000.00

Personnel 89,858.00

Storefront Improvements 54,918.00

5200 · MS Program Expenses - Other 1,200.00

Total 5200 · MS Program Expenses 278,567.50

6000 · PROGRAM EXPENSES (2009-2010)

6020 · Operations Comm

Advertising Expenses 225.00

Rent 6,000.00

Total 6020 · Operations Comm 6,225.00

6050 · Promotions Comm

Promotional Events

Event Production 4,539.91

Total Promotional Events 4,539.91

Total 6050 · Promotions Comm 4,539.91

6060 · Organization Comm

Dues & Subscriptions 350.00

Total 6060 · Organization Comm 350.00

Total 6000 · PROGRAM EXPENSES (2009-2010) 11,114.91

6300 · BID CLEAN TEAM 17,555.90

Total Expense 307,650.81

Net Ordinary Income 96,492.97

Other Income/Expense

Other Income

Interest Income 25.13

Total Other Income 25.13

Net Other Income 25.13

Net Income 96,518.10

NorthCapitolDC



Business and Volunteer Networking Social Hosted at the home of Board Member Aisha Bond

Annual Corridor

Walkthrough with

Councilmember

Vincent Orange

Art Soiree is a Washington, DCbased organ iza t ion that iscommitted to curating, conceivingand realizing contemporary artexhibitions, festivals and artprojects. Art Soiree was foundedin 2009 by dynamic duo Sandro &Tati, and has since presented over300 unique exhibit ions andprograms featuring over 400contemporary a r t is ts , andbringing together close to 150,000attendees. The company has alsorepresented D.C. artists at an u m b e r o f n a t i o n a l a n dinternational art showcases suchas Art Basel Miami 2012 andSXSW 2013. @ArtSoiree

EVENTS

ART ALL NIGHT North Capitol Main Street was proud topartner with Art Soiree to produce ArtAll Night: Nuit Blanche DC at NorthCapitol. From 7pm – 3am, one nightonly, North Capitol street was activatedwith live performances, graffiti art,video screenings, whimsical creations,

live painting, body art and lightinstallations that transformed threemassive outdoor spaces into theultimate mash up of cultural and urbanarts experiences. With three incrediblespaces, there was something foreveryone and more than enough to keepyou entertained. We estimated thatover 4,000 people attended the eventand we had over 70 artists, many oft h e m w h o r e s i d e w i t h i n o u r

neighborhood. Art All Night was fundedby the DC Commission on the Arts andHumanities.

NorthCapitolDC



MISSIONAisha Bond ChairSylvia Pinkney Vice ChairMelvin Hines TreasurerScott Roberts Secretary

Bradley ThomasTeri Janine QuinnKriszen WilliamsNicole AllenArlene JohnsonJohn NaberLauren LinvilleMichael SchulmanDemetris Cheatham Executive Director

2014-2015BOARD OF DIRECTORS

orth Capitol Main Street, Inc.'s mission is to

Nstimulate North Capitol Main Street businessdistrict revitalization in Bloomingdale,

Eckington and Truxton Circle through: Organization

(encouraging cooperation and building leadership inthe business community); Promotion (creating apositive image for downtown by promoting thedowntown as an exciting place to live, shop, andinvest); and Design (improving the appearance of thedowntown).

We follow the Main Street Four Point Approach® asoutlined by the National Main Street Center asubsidiary of the National Trust for Historic

Preservation. The four points are: Organization,Design, Promotion and Economic Restructuring.North Capitol Main Street is an accredited Main StreetProgram.

OUR APPROACHBOUNDARIESOur boundaries are along North Capitol Streetand along Rhode Island Avenue to the NorthNew York Avenue to the south, 2nd Street,NE, between Rhode Island Avenue and RStreet, NE, and North Capitol Street, NE

between R Street, NE and New York Avenue,NE, to the east, and 3rd Street betweenRhode Island Avenue and Florida Avenue andNorth Capitol Street, NW, between FloridaAvenue and New York Avenue to the west.

CLEAN TEAMNorth Capitol Main Street administers Clean Team services throughout the corridor. Our clean team

service provider is Career Path D.C. Their mission is to build strong communities by creatingemployability pathways for disadvantaged individuals by helping them to develop the necessary skillsto obtain and retain suitable employment, while encouraging self-sufficiency.The clean team program services include: Removal of litter, graffiti, illegal posters and stickers, snow and ice Recycling glass, aluminum and plastic items collected from sidewalks and gutters Maintenance of street trees through mulching, aeration, weeding and watering. Landscaping of planters, hanging baskets and tree boxes located in service areas Tracking and reporting public space defects via 311

NorthCapitolDC



Ward 5 Councilmember Kenyan McDuffie and StaffAt Large Councilmember Vincent Orange and StaffAna Harvey, Director, Department of Small and Local Business Development

Lauren Adkins, Manager, Neighborhood Revitalization, Department of Small and Local BusinessDevelopmentCristina Amoruso, DC Main Streets Coordinator and Project Manager, Department of Small and LocalBusiness DevelopmentLisa Toney, Commissioner, DC Commission on the Arts and HumanitiesGretchen Wharton, Commissioner, DC Commission on the Arts and HumanitiesSimone Ellison, North Capitol Main Street ConsultantAnwar Saleem, Executive Director, H Street NE Main StreetMartin Smith, Executive Director, Barracks Row Main Street

Bill McCleod, Historic Dupont Circle Main StreetsKeshia Minor, Executive Director, Congress Heights Main StreetsDebora Jones, Executive Director, Deanwood Heights Main StreetsKyle Todd, Executive Director, Rhode Island Avenue Main StreetAlex Padro, Executive Director, Shaw Main Streets

North Capitol Main Street is funded in part by the Department of Small and Local Business Development,Muriel Bowser, Mayor.

Special thanks to:

NorthCapitolDC



Follow@NorthCapitolDCon Twitter and Instagram

#ExperienceNorthCapDCIf you experience it in North Capitol DC, pleaseuse our hashtag to share in the neighborhood.

www.northcapitoldc.com

P.O. Box 29344Washington, DC [email protected]

Documents

NCMS Annual Report 2015 06