Central District Management Association
Central District Management Association is an Albany, New York, public charity that manages the Central Avenue Business Improvement District. The organization works to restore the viability of the Central Avenue business district and supports efforts to preserve and develop the corridor.
Central District Management Association at a glance
In short: Central District Management Association gave $195K across 16 grants in 2024 (avg $12K), mostly in New York. 88% of 2024 grantees were new. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $195,430
- -33.7% vs 2023
- Grants made (2024)
- 16
- -33.3% vs 2023
- Average grant
- $12,214
- -0.5% vs 2023
- Median grant
- $13,512
- Total assets
- $3,021,915
- -5.5% vs 2023
- New grantees (estimate)
- 88% first-time grantees (14 of 16, 2024; small sample)
- Primary geography
- New York (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Central District Management Association
- Contact
Mailing address: 176 Central Ave, Albany, NY 12206
Phone: (518) 462-4300
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Central District Management Association funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Birch & Bee Woodworking ($15K). Together the top 10 received $141K.
Grant Size Distribution
54 grants across all recorded years
The most common grant size was under $50K: 54 grants of 54 (100%).
Geographic Focus
Where this funder awards grants
The organization’s stated work centers on the Central Avenue business corridor in Albany, New York. Its 2024 grant records show that all reported grant dollars went to recipients in New York.
Grant Distribution by State
Share of 2024 grant dollars across all 16 itemized grants.
States
Cities
Is Central District Management Association open to new grantees?
88%
first-time grantees, 2024
In 2024, 14 of 16 grantees (88%) were first-time recipients. With only 16 grantees, that is a small sample: one grantee more or less moves the share by about 6 points. First grants averaged $13K; repeat grants $8K. How we count
Medians: $14K first-time, $8K repeat.
- 13% of 2024 grantees were also funded in 2023. Method
Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $3K (2022) to $295K (2023). In 2024 it made 16 grants totaling $195K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Birch & Bee Woodworking Albany, NY | General Operations | $15,000 |
| Power Beauty Unlimited LLC Albany, NY | General Operations | $14,997 |
| Beignet Bellies Albany, NY | General Operations | $14,802 |
| Bull and Bee Meadery Albany, NY | General Operations | $14,646 |
| Loyal Mindset Albany, NY | General Operations | $14,602 |
| Amigos Corner Cafe Albany, NY | General Operations | $14,441 |
| The Balloonary Albany, NY | General Operations | $13,719 |
| Capital District Interventional Spine and Rehabilitation PLLC Albany, NY | General Operations | $13,635 |
| Central Business Improvement District Albany, NY | General Operations | $13,389 |
| Trained 2 Go Services LLC Albany, NY | General Operations | $11,813 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $3,021,915 | $956,794 | $1,178,909 | $195,430 | 16 | $491 |
| 2023 | $3,198,160 | $1,262,384 | $1,190,545 | $294,619 | 24 | $978 |
| 2022 | $3,183,103 | $713,635 | $819,688 | $2,562 | Total only | $1,577 |
| 2021 | $3,273,033 | $747,035 | $701,431 | $6,379 | Total only | $1,531 |
| 2020 | $3,679,627 | $777,821 | $719,505 | $28,840 | 14 | $12 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The organization states its mission as “restore viability of Central Avenue business district.” Its website describes the purpose of the association as promoting preservation and development of the Central Avenue business corridor and making the area more attractive and accessible, including by overseeing the district’s appearance, security, and cleanliness.
The 2024 filing describes three program areas: Safety & Maintenance, including a daily cleaning program and work related to safety, litter, equipment, seasonal displays, and parking-lot maintenance; Avenue 2000, the ongoing work plan for repositioning the commercial corridor; and STEAM Garden, which covers development and future program planning for the 279 Central Avenue property.
Grantmaking
In filing year 2024, the association reported 16 grants totaling $195,430. Grant amounts ranged from $7,585 to $15,000, with a median of $13,512. All reported grant dollars went to recipients in New York, and the listed grants were for general operations.
Among the largest reported grants were $15,000 to Birch & Bee Woodworking; $14,997 to Power Beauty Unlimited LLC; $14,802 to Beignet Bellies; $14,646 to Bull and Bee Meadery; and $14,602 to Loyal Mindset. Each recipient is listed in Albany, New York, and each grant’s stated purpose was general operations.
No application process, application materials, restrictions, or deadline are stated in the provided information.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists David Parente as chair; Ken Mortensen as vice chair; Dan Sanders as corporate treasurer; and Elliott Rosen as corporate secretary. It lists Darius Shahinfar, John Vero, Wonhyung Lee, Ashley Mohl, Jonathan Scherzer, and Hon Michael O’Brien as directors.
Central District Management Association is led by Anthony Capece, Executive Director on every filing since 2020; 1 of 16 officers listed in 2024 is compensated.
Officers on the 2024 filing
Anthony Capece
Executive Director
On filings since 2020
40 hrs/week
$94K (2020) → $125K (2024)
David Parente
Chair
Chairperson → Board Chair, 2022
Board Chair → Chair, 2023
On filings since 2020
5 hrs/week
No compensation reported
Darius Shahinfar
Director
On filings since 2020
5 hrs/week
No compensation reported
Jeff Mirel
Director
On filings since 2020
5 hrs/week
No compensation reported
John Vero
Director
On filings since 2020
5 hrs/week
No compensation reported
Michael O'Brien
Director
On filings since 2020
5 hrs/week
No compensation reported
Wonhyung Lee
Director
On filings since 2020
5 hrs/week
No compensation reported
Frank Zeoli
Director
On filings since 2022
5 hrs/week
No compensation reported
Hyde Clarke
Director
On filings since 2022
5 hrs/week
No compensation reported
Jonathan Scherzer
Director
On filings since 2022
5 hrs/week
No compensation reported
Peter Hughes
Director
On filings since 2022
5 hrs/week
No compensation reported
Ashley Mohl
Director
On filings since 2023
5 hrs/week
No compensation reported
Chief Eric Hawkins
Director
On filings since 2023
5 hrs/week
No compensation reported
Elliott Rosen
Corporate Secretary
Secretary → Corporate Secretary, 2022
On filings since 2020
5 hrs/week
No compensation reported
Ken Mortensen
Vice Chair
Vice President → Vice Chair, 2022
On filings since 2020
5 hrs/week
No compensation reported
Dan Sanders
Corporate Treasurer
Treasurer → Corporate Treasurer, 2023
On filings since 2022
5 hrs/week
No compensation reported
Former officers (5)
- Former: Sarah Reginelli (2020–2022) — Director
- Former: Alan Chartock (2020–2021) — Director
- Former: Carm Basile (2020–2021) — Director
- Former: Daniel Sanders (2020–2021) — Treasurer
- Former: Kathy Sheehan (2020–2021) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $125K, to Anthony Capece (Executive Director).
Frequently asked questions about Central District Management Association
How much does Central District Management Association give each year?
Central District Management Association gave $195K across 16 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $295K across 24 grants.
What is Central District Management Association's typical grant size?
Central District Management Association's median grant in 2024 was $13,512, and its average grant was $12,214, across 16 grants on its 2024 IRS Form 990. Organizations receiving their first grant from Central District Management Association that year got $13K on average.
Where does Central District Management Association give grants?
Central District Management Association gives mostly in New York: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Albany, NY (16 grants).
Does Central District Management Association give general operating support?
Yes: 100% of Central District Management Association's 2024 grants with a stated purpose (16 of 16) were for general or operating support, per its 2024 IRS Form 990.
Who are Central District Management Association's largest grantees?
Central District Management Association's largest 2024 grantees include Birch & Bee Woodworking ($15,000), Power Beauty Unlimited LLC ($14,997) and Beignet Bellies ($14,802), according to its 2024 IRS Form 990. Together they received 23% of its itemized 2024 grant dollars.
How large is Central District Management Association?
Central District Management Association reported $3.0M in total assets on its 2024 IRS Form 990. Its revenue that year was $957K.
What does Central District Management Association fund?
The organization states its mission as “restore viability of Central Avenue business district.” See mission & focus areas ↑
How do I apply for a grant from Central District Management Association?
Central District Management Association has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is Central District Management Association's EIN?
Central District Management Association's EIN (Employer Identification Number) is 14-1803886. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS October 29, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 11, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS June 27, 2024)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
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