About the BID

Financials and Reports

Funding for the Lincoln Square BID comes from annual assessments of all owners of real property within its boundaries. In 2018, we sought and received approval from the New York City Council to increase the assessment authorization to $3.2 million to be phased-in – our fourth increase since our formation in 1996. The City Council approved our assessment authorization to $3.2 million this past fall.  

For fiscal year 2020, the Board approved a budget with an assessment of $2.85 million. This is a 9.6% increase or $250,000 over FY 2019’s assessment. Property owners’ total billing rates for FY 2020 will increase by approximately $0.02 to $0.05 and the new rates will be approximately $0.24 for garage, $0.54 for commercial and $0.58 for retail.  Any future assessment increases up to the new cap of $3.2 million will require Board of Directors’ approval. 

The annual assessment ensures that all beneficiaries of BID programs share in their cost. Non-profit organizations are not assessed, but many provide in-kind services and financial assistance. Owners of residential condo units pay $1 a year while residential tenants (renters and co-op owners) are not assessed. 

Annual Reports

We are committed to the proper stewardship of our resources; this includes offering our members a transparent view of our financial and programmatic position. You may access PDFs of our most recent annual reports, which highlight our activities and accomplishments, by clicking below:

Fiscal Year 2019 Annual Report
Fiscal Year 2018 Annual Report
Fiscal Year 2017 Annual Report
 
Fiscal Year 2016 Annual Report

Fiscal Year 2015 Annual Report
Fiscal Year 2014 Annual Report
Fiscal Year 2013 Annual Report
Fiscal Year 2012 Annual Report
Fiscal Year 2011 Annual Report
Fiscal Year 2010 Annual Report
Fiscal Year 2009 Annual Report
Fiscal Year 2008 Annual Report

Our most recent audited financial statements can be found by clicking below:

FY 2018
FY 2017
FY 2016
FY 2015
FY 2014
FY 2013

For 990s: visit www.guidestar.org

Lincoln Square BID Bylaws

If you are interested in learning more about our organization’s services please contact us through the website or call 212.581.3774.