2014 annual report - golden triangle · 2019-02-27 · daybyday 2014 annual report mark benedetti...
TRANSCRIPT
DAYBYDAY2014 ANNUAL REPORT
Mark Benedetti Blake Real Estate
James Brawner Brawner Management, LLC
Hans Bruland The Hay-Adams Hotel
Holly Cook American Bar Association
James Dean Clarion Partners, LLC
Bradley Flickinger CB Richard Ellis
William Grillo Cassidy Turley
Arthur Guzzetti American Public Transportation Association
Thor Headley Hines
John Hinton Lincoln Property Company
Janene JacksonHolland & Knight
John Montano Renaissance Mayflower Hotel
James Rich Zuckerman Gravely Management
Meredith Roark Jones Lang LaSalle Americas
Debbie Webb Tower Companies
Nicola Whiteman Apartment and Office Building Association of Metropolitan Washington
Stanley Fineman Ex Officio Wilkes Artis, Chartered
Carl GewirzEx Officio
BOARD OF DIRECTORS (as of October 2014)
EXECUTIVE COMMITTEE
Kathryn ClementPresident Vornado/Charles E. Smith
Scott Mead Vice PresidentLerner Corporation
Casey Brill TreasurerPNC Bank
Caroline KrugerSecretaryLerner Corporation
Gregory MeyerBrookfield Properties
Sean Warfield Tishman Speyer
FINANCIAL INFORMATION
CONSOLIDATED STATEMENT OF FINANCIAL POSITION 2014
Assets
Cash and cash equivalents $ 1,537,909Investments in certificate of deposit 4,478,026Accounts receivable, net 3,687Prepaid expenses and other 34,211Property and equipment, net 179,617
Total Assets $ 6,233,450
Liabilities and Unrestricted Net Assets
Accounts payable and accrued expenses $ 136,320Deferred rent 51,357Deferred tax assessments 4,692Unrestricted net assets 3,931,563 Property and equipment, net 179,617 Board designated 1,929,901
Total Liabilities and Unrestricted Net Assets $ 6,233,450
CONSOLIDATED STATEMENT OF ACTIVITIES
Support and Revenue
BID assessments $ 4,647,371Grants and others 251,611Interest income 11,489
Total Support and Revenue $ 4,910,471
Expenses
Program Services Ambassador $ 1,792,210 Homeless Outreach 223,094 Community Programs 775,000 Marketing & Communications 448,646 Beautification & Physical Improvements 530,073Management and other administrative 896,519
Total Expenses $ 4,665,542Increase in Unrestricted Net Assets $ 244,929
CONSOLIDATED STATE MENT OF CASH FLOW
Net cash provided by operating activities $ 390,648Net cash used in investing activities (1,296,964) Net decrease in cash and cash equivalents (906,316)Cash and cash equivalents, beginning of year 2,444,225
Cash and Cash Equivalents, End of Year $ 1,537,909
This information has been derived from the financial statements
audited by Baker Tilly Virchow Krause LLP. The complete set of
audited financial statements are available upon request of the
Golden Triangle Business Improvement District Corporation.
1120 Connecticut Avenue NW I Suite 260 I Washington, DC 20036 I P 202.463.3400 F 202.463.7062 I www.goldentriangledc.com
Kathryn ClementBoard President
Leona AgouridisExecutive Director
Sincerely,
Message to Our Members,
The Golden Triangle is an extraordinary neighborhood in Washington’s central business district. It is home to global corporations, emerging tech companies, and bustling restaurants, hotels, and shops. This year, the Golden Triangle BID implemented several initiatives that marked the neighborhood as a world-renowned destination. Year by year, season by season, and day by day, the Golden Triangle keeps getting brighter.
Most notably, the BID worked with the DC Department of Transportation to complete the Connecticut Avenue Project, which included the iconic median, modern street furniture, and the planning of a new micro park. The BID also worked with its strategic partners to build four rain gardens and to host 100+ events.
These initiatives, and the many others featured in this annual report, helped enhance the neighborhood and provide our members with “Gold Standard” service.
DAYBYDAY2014 ANNUAL REPORT
Mark Benedetti Blake Real Estate
James Brawner Brawner Management, LLC
Hans Bruland The Hay-Adams Hotel
Holly Cook American Bar Association
James Dean Clarion Partners, LLC
Bradley Flickinger CB Richard Ellis
William Grillo Cassidy Turley
Arthur Guzzetti American Public Transportation Association
Thor Headley Hines
John Hinton Lincoln Property Company
Janene JacksonHolland & Knight
John Montano Renaissance Mayflower Hotel
James Rich Zuckerman Gravely Management
Meredith Roark Jones Lang LaSalle Americas
Debbie Webb Tower Companies
Nicola Whiteman Apartment and Office Building Association of Metropolitan Washington
Stanley Fineman Ex Officio Wilkes Artis, Chartered
Carl GewirzEx Officio
BOARD OF DIRECTORS (as of October 2014)
EXECUTIVE COMMITTEE
Kathryn ClementPresident Vornado/Charles E. Smith
Scott Mead Vice PresidentLerner Corporation
Casey Brill TreasurerPNC Bank
Caroline KrugerSecretaryLerner Corporation
Gregory MeyerBrookfield Properties
Sean Warfield Tishman Speyer
FINANCIAL INFORMATION
CONSOLIDATED STATEMENT OF FINANCIAL POSITION 2014
Assets
Cash and cash equivalents $ 1,537,909Investments in certificate of deposit 4,478,026Accounts receivable, net 3,687Prepaid expenses and other 34,211Property and equipment, net 179,617
Total Assets $ 6,233,450
Liabilities and Unrestricted Net Assets
Accounts payable and accrued expenses $ 136,320Deferred rent 51,357Deferred tax assessments 4,692Unrestricted net assets 3,931,563 Property and equipment, net 179,617 Board designated 1,929,901
Total Liabilities and Unrestricted Net Assets $ 6,233,450
CONSOLIDATED STATEMENT OF ACTIVITIES
Support and Revenue
BID assessments $ 4,647,371Grants and others 251,611Interest income 11,489
Total Support and Revenue $ 4,910,471
Expenses
Program Services Ambassador $ 1,792,210 Homeless Outreach 223,094 Community Programs 775,000 Marketing & Communications 448,646 Beautification & Physical Improvements 530,073Management and other administrative 896,519
Total Expenses $ 4,665,542Increase in Unrestricted Net Assets $ 244,929
CONSOLIDATED STATE MENT OF CASH FLOW
Net cash provided by operating activities $ 390,648Net cash used in investing activities (1,296,964) Net decrease in cash and cash equivalents (906,316)Cash and cash equivalents, beginning of year 2,444,225
Cash and Cash Equivalents, End of Year $ 1,537,909
This information has been derived from the financial statements
audited by Baker Tilly Virchow Krause LLP. The complete set of
audited financial statements are available upon request of the
Golden Triangle Business Improvement District Corporation.
1120 Connecticut Avenue NW I Suite 260 I Washington, DC 20036 I P 202.463.3400 F 202.463.7062 I www.goldentriangledc.com
Kathryn ClementBoard President
Leona AgouridisExecutive Director
Sincerely,
Message to Our Members,
The Golden Triangle is an extraordinary neighborhood in Washington’s central business district. It is home to global corporations, emerging tech companies, and bustling restaurants, hotels, and shops. This year, the Golden Triangle BID implemented several initiatives that marked the neighborhood as a world-renowned destination. Year by year, season by season, and day by day, the Golden Triangle keeps getting brighter.
Most notably, the BID worked with the DC Department of Transportation to complete the Connecticut Avenue Project, which included the iconic median, modern street furniture, and the planning of a new micro park. The BID also worked with its strategic partners to build four rain gardens and to host 100+ events.
These initiatives, and the many others featured in this annual report, helped enhance the neighborhood and provide our members with “Gold Standard” service.
GOLDEN TRIANGLE BUSINESS IMPROVEMENT DISTRICT
FARRAGUTPARK
MONROEPARK
GOLDENTRIANGLE
PARK
LONG-FELLOWPARK
WITHER-SPOON
PARK
NUNS OFBATTLEFIELD PARK
MURROWPARK
SCOTTCIRCLE
GEORGEWASHINGTONUNIVERSITY
GEORGETOWN
ADAMS MORGANNATIONAL ZOO
NATIONAL MALL AND
SMITHSONIAN
THE WHITE HOUSE
LAFAYETTE PARK
DUPONT CIR
CL
E
FARRAGUT WEST METRO
FARRAGUT WEST METRO
FARRAGUT NORTH METRO
FARRAGUT NORTH METRO
DUPONTCIRCLEMETRO
Sunderland Place
G Street
Pennsylvania Avenue
Ward Place
F Street
I Street
L Street
N Street
Connecticu
t Ave
nue
Connecticu
t Ave
nue
Rhode Island Avenue
Connecticu
t Ave
nue
Jefferson Place
21st S
treet
20
th S
treet
19th
Stre
et
18th
Stre
et
18th
Stre
et
17th
Stre
et
17th
Stre
et
17th
Stre
et
16th
Stre
et
17th
Stre
et (E
ast)
17th
Stre
et (W
est)
18th
Stre
et
H Street
K Street
M Street M Street
DeSales Street
1127 CT
1615 M
1330CT
1333 NH
1250 CT1920 N
1130 CT
115017th
1350CT
1818 N
1300CT
1201 CT
1150CT
1777 F
1726M
1776-1742 G
1211 CT
1101CT
1750Penn
1800-
1824
Mass
120017th
1140 CT
1100 CT
1301CT
122519th
1300 19th /1909 N
1675M
1730Rhode Is.
1337 CT
1837M
132019th
1717DeSales
1155 CT
21DupontCircle
1218-1220
CT
1319-
1323 CT
1720
I
1216 18th1214 18th1212 18th1210 18th
1606
K16
04 K
1602
K16
00 K
1229
19t
h
1824
Mas
s
1245-47 20th
1730 M
1705
DS
1369-
1367CT
1363-
65 CT
1710
Rho
de Is
.17
11 M
1928-24 N
1130
17t
h
1827-1821Jefferson
1347-
1341CT
1326-132218th
1331-
1325 CT 1314-131218th
1223-1215CT
1225 CT
1147-1141CT
1136 19th
1242-123419th
1132 19th
1700Penn
1730Penn
1725DeSales
1133 CT
1120 CT
1120 CT111118th
1707L
110017th
1660 L
112517th
112816th
1128 16th
112616th111216th
1615L
1625L
1620
L
1616
L16
02-1
614
L
1667K
1629K
110117th
1627
K
1625K
1601K
1666 K
1612
K
1608
K
1627 I
1625 I
90016th
910 16th
815 CT1620
I1600
I
1615 H80117th
80017th
83917th
888 17th
900 17th
910 17th
1700 K
1025 CT
1000 CT at 1717 K
1001 CT
1735
K
1775 K
101518th
1050 CT
1050
17t
h17
01 K
1750 K1776 K
919 18th
1717 H
1775Penn
1899Penn
1875Penn
1801Penn
81818th
1800I
1808-1806
I1816I
1875-1835I
1800 K
191319th
1850-1810 K
1900 K1990 K2000 K
2001Penn
2020 K
2000 L
2021 K
2033 K
2100K
2121 K
1050
21s
t
2131K
2120L
102621st
2100L
2101 L
2100 M
1200 NH
2055 L2001 L
111120th
1920 L 1900 L
102019th
1909 K1999 K
1901L
1118-111219th
112019th
112920th
113320th
1990 M 1900 M 1850 M
1831-1813 M
1826-1816Jefferson
120018th
1215
19t
h
114519th
1141-113319th
1111 19th 1150 18th
1801 L
1823
L
1899 L
1828 L
1801 K
1825 K1875 K
1819
L
1800 M1146 19th
1140 19th
1147 20th
1916
M
112020th
2000M
2001M
1919M
123320th
122019th
120019th
2020M
2030M
2025M
2033M
113321st
115521st
2021
L
2101
K 2001 K
2029
K
2019
I20
15 I
2011
I2099Penn 900
19th
1919 Penn
1928 -1920I
1911 Penn 1901
Penn
1750 H 1710 H
75017th
1701Penn
1717Penn
1747Penn
1722I
1776I
1775I
1725I
801
18th
1737
H
1729
H
1634I
800 CT
818CT
816 CT
80016th
1600M ST
1307 NH
1836
Jef
fers
on
110016th
114517th
1106-1110
1913
I
1716
I 17
12 I
1919 -1915 I
Day by day, the Golden Triangle BID provided a clean, safe, and vibrant neighborhood for area workers, residents, and visitors. Through a team of dedicated Ambassadors, the BID ensured that all daily operations achieved the gold standard. The team of specially trained Ambassadors performed a number of cleaning, greening, and safety services including:
» Collected 51,000+ recycle and trash bags
» Completed 1,800+ hours of power-washing
» Planted 19,000+ flowers throughout the Golden Triangle
The Golden Triangle Ambassadors also helped to sustain low crime levels by reporting suspicious or unusual activity. The BID’s Safety and Security program delivered time-sensitive safety alerts, assisted property managers in creating emergency plans, and partnered with local and federal law enforcement agencies on a variety of initiatives. The Golden Triangle Safety Council, which includes law enforcement agencies, met regularly to discuss neighborhood concerns and safety initiatives.
The BID’s homeless outreach staff worked tirelessly to reduce homelessness. The Golden Triangle’s Pathways to Housing team responded to 162 service calls and made 2,542 face-to-face engagements to provide people with a broad range of housing and supportive services to transition them off the streets.
DAYBYDAYOPERATIONAL IMPROVEMENTS:
» Installed 132 new dual-flow recycling trashcans and 36 new flower baskets
» Increased efficiency by deploying a fleet of all terrain litter vacuums (ATLVs)
» Successfully executed a winter weather work plan — spending 5,000+ hours to clear 32” of snow and ice during winter 2013
In the winter, spring, summer, and fall, the Golden Triangle BID hosted more than 100 events that marked the neighborhood as a vibrant urban destination. With the help of retail sponsorships and supportive partnerships, the BID produced activities that created unique experiences and enhanced the neighborhood’s marketability.
It’s Golden Outside harnessed the strengths of every event into one brand strategy, which deepened our connections and enhanced experiences season by season.
» Winter 2013 - the BID kicked off Gold Thursday with free gift wrapping, Dickens-era carolers, Santa Claus, and flash prizes. This event was held in conjunction with the BID’s “12 Days of Golden Giveaways” online campaign, which received more than 11,000 entries for prizes totaling $8,000.
» Spring 2014 - former host of HGTV’s Yard Crashers Ahmed Hassan joined experts from the Smithsonian, National Arboretum, National Park Service, and WUSA 9 to judge 18 “Golden Streets” tree boxes. This friendly competition, which received nearly 3,000 fan-favorite votes, challenged participating buildings to transform their exterior green space into stunning flower displays.
» Summer 2014 - thousands joined us at “Picnic in the Park” and “Pilates in the Park” for cuddly puppies from the Washington Animal Rescue League, table tennis networking opportunities, cool jazz courtesy of Wolf Trap, celebrity fitness instructors, free massages, and great-tasting smoothies.
» Fall 2014 - three nationally recognized police chiefs assisted Golden Triangle members with emergency planning during the “Stay or Go—Boston Marathon, Navy Yard, and September 11” event. This event was one of six safety and security events that attracted more than 650 people this year.
SEASONBYSEASONONLINE SOCIAL IMPACTS:
» 18,000+ subscribed to BID e-communications
» 1,000+ new followers on Twitter and Facebook
» 260,000+ webpage views in 2014
» 88,000+ people engaged through social media
In fiscal year 2014, the Golden Triangle BID staff focused on long-term strategic initiatives that continue to transform this neighborhood into a world-class destination.
In fiscal year 2014, the BID partnered with DC’s Department of Transportation to complete the Connecticut Avenue Streetscape Project, which included a four-block raised median, new sidewalk pavers (between Farragut Square and Dupont Circle), modern street furniture, and 20-foot tree gardens.
This year, the BID also unveiled four new rain gardens at 19th & L Streets. Funded through a grant from the DC Department of Environment and US EPA, these rain gardens total 2,280 square feet and feature seating for lunch time crowds. The National Wildlife Federation recognized all five rain gardens as official Certified Wildlife Habitat™ sites.
The BID partnered with the Mayor’s Sustainable DC program to transform the Connecticut Avenue Overlook, an underutilized concrete overpass, into a new small park. When finished this park will feature landscaping, bike racks, seating, and pavers with integrated lighting that will gather energy from footsteps.
The BID recently embarked on a newer vision—one that will also have great positive impact on this neighborhood in future years. The Golden Triangle BID has begun working with stakeholders on the collective vision for Pennsylvania Avenue west of the White House—where international organizations, power, and government converge.
YEARBYYEARTHE GOLDEN TRIANGLE BOASTS:
» 85,000 area workers
» Three of the seven busiest Metro stations
» 80+ LEED and Energy Star Certified Buildings
» 260+ tech/innovation firms
» $130,000 average salary for area workers
Power washed 91 properties
Rain gardens filtered 80,680 gallons of run-off water
20 companies participated in the new table tennis game series
80,680
20
91Hosted 100+ events throughout the fiscal year
650 attended emergency preparedness events
Hosted 30+ Lobby Fairs in fiscal year 2014
650
30
100
GOLDEN TRIANGLE BUSINESS IMPROVEMENT DISTRICT
FARRAGUTPARK
MONROEPARK
GOLDENTRIANGLE
PARK
LONG-FELLOWPARK
WITHER-SPOON
PARK
NUNS OFBATTLEFIELD PARK
MURROWPARK
SCOTTCIRCLE
GEORGEWASHINGTONUNIVERSITY
GEORGETOWN
ADAMS MORGANNATIONAL ZOO
NATIONAL MALL AND
SMITHSONIAN
THE WHITE HOUSE
LAFAYETTE PARK
DUPONT CIR
CL
E
FARRAGUT WEST METRO
FARRAGUT WEST METRO
FARRAGUT NORTH METRO
FARRAGUT NORTH METRO
DUPONTCIRCLEMETRO
Sunderland Place
G Street
Pennsylvania Avenue
Ward Place
F Street
I Street
L Street
N Street
Connecticu
t Ave
nue
Connecticu
t Ave
nue
Rhode Island Avenue
Connecticu
t Ave
nue
Jefferson Place
21st S
treet
20
th S
treet
19th
Stre
et
18th
Stre
et
18th
Stre
et
17th
Stre
et
17th
Stre
et
17th
Stre
et
16th
Stre
et
17th
Stre
et (E
ast)
17th
Stre
et (W
est)
18th
Stre
et
H Street
K Street
M Street M Street
DeSales Street
1127 CT
1615 M
1330CT
1333 NH
1250 CT1920 N
1130 CT
115017th
1350CT
1818 N
1300CT
1201 CT
1150CT
1777 F
1726M
1776-1742 G
1211 CT
1101CT
1750Penn
1800-
1824
Mass
120017th
1140 CT
1100 CT
1301CT
122519th
1300 19th /1909 N
1675M
1730Rhode Is.
1337 CT
1837M
132019th
1717DeSales
1155 CT
21DupontCircle
1218-1220
CT
1319-
1323 CT
1720
I
1216 18th1214 18th1212 18th1210 18th
1606
K16
04 K
1602
K16
00 K
1229
19t
h
1824
Mas
s
1245-47 20th
1730 M
1705
DS
1369-
1367CT
1363-
65 CT
1710
Rho
de Is
.17
11 M
1928-24 N
1130
17t
h
1827-1821Jefferson
1347-
1341CT
1326-132218th
1331-
1325 CT 1314-131218th
1223-1215CT
1225 CT
1147-1141CT
1136 19th
1242-123419th
1132 19th
1700Penn
1730Penn
1725DeSales
1133 CT
1120 CT
1120 CT111118th
1707L
110017th
1660 L
112517th
112816th
1128 16th
112616th111216th
1615L
1625L
1620
L
1616
L16
02-1
614
L
1667K
1629K
110117th
1627
K
1625K
1601K
1666 K
1612
K
1608
K
1627 I
1625 I
90016th
910 16th
815 CT1620
I1600
I
1615 H80117th
80017th
83917th
888 17th
900 17th
910 17th
1700 K
1025 CT
1000 CT at 1717 K
1001 CT
1735
K
1775 K
101518th
1050 CT
1050
17t
h17
01 K
1750 K1776 K
919 18th
1717 H
1775Penn
1899Penn
1875Penn
1801Penn
81818th
1800I
1808-1806
I1816I
1875-1835I
1800 K
191319th
1850-1810 K
1900 K1990 K2000 K
2001Penn
2020 K
2000 L
2021 K
2033 K
2100K
2121 K
1050
21s
t
2131K
2120L
102621st
2100L
2101 L
2100 M
1200 NH
2055 L2001 L
111120th
1920 L 1900 L
102019th
1909 K1999 K
1901L
1118-111219th
112019th
112920th
113320th
1990 M 1900 M 1850 M
1831-1813 M
1826-1816Jefferson
120018th
1215
19t
h
114519th
1141-113319th
1111 19th 1150 18th
1801 L
1823
L
1899 L
1828 L
1801 K
1825 K1875 K
1819
L
1800 M1146 19th
1140 19th
1147 20th
1916
M
112020th
2000M
2001M
1919M
123320th
122019th
120019th
2020M
2030M
2025M
2033M
113321st
115521st
2021
L
2101
K 2001 K
2029
K
2019
I20
15 I
2011
I2099Penn 900
19th
1919 Penn
1928 -1920I
1911 Penn 1901
Penn
1750 H 1710 H
75017th
1701Penn
1717Penn
1747Penn
1722I
1776I
1775I
1725I
801
18th
1737
H
1729
H
1634I
800 CT
818CT
816 CT
80016th
1600M ST
1307 NH
1836
Jef
fers
on
110016th
114517th
1106-1110
1913
I
1716
I 17
12 I
1919 -1915 I
Day by day, the Golden Triangle BID provided a clean, safe, and vibrant neighborhood for area workers, residents, and visitors. Through a team of dedicated Ambassadors, the BID ensured that all daily operations achieved the gold standard. The team of specially trained Ambassadors performed a number of cleaning, greening, and safety services including:
» Collected 51,000+ recycle and trash bags
» Completed 1,800+ hours of power-washing
» Planted 19,000+ flowers throughout the Golden Triangle
The Golden Triangle Ambassadors also helped to sustain low crime levels by reporting suspicious or unusual activity. The BID’s Safety and Security program delivered time-sensitive safety alerts, assisted property managers in creating emergency plans, and partnered with local and federal law enforcement agencies on a variety of initiatives. The Golden Triangle Safety Council, which includes law enforcement agencies, met regularly to discuss neighborhood concerns and safety initiatives.
The BID’s homeless outreach staff worked tirelessly to reduce homelessness. The Golden Triangle’s Pathways to Housing team responded to 162 service calls and made 2,542 face-to-face engagements to provide people with a broad range of housing and supportive services to transition them off the streets.
DAYBYDAYOPERATIONAL IMPROVEMENTS:
» Installed 132 new dual-flow recycling trashcans and 36 new flower baskets
» Increased efficiency by deploying a fleet of all terrain litter vacuums (ATLVs)
» Successfully executed a winter weather work plan — spending 5,000+ hours to clear 32” of snow and ice during winter 2013
In the winter, spring, summer, and fall, the Golden Triangle BID hosted more than 100 events that marked the neighborhood as a vibrant urban destination. With the help of retail sponsorships and supportive partnerships, the BID produced activities that created unique experiences and enhanced the neighborhood’s marketability.
It’s Golden Outside harnessed the strengths of every event into one brand strategy, which deepened our connections and enhanced experiences season by season.
» Winter 2013 - the BID kicked off Gold Thursday with free gift wrapping, Dickens-era carolers, Santa Claus, and flash prizes. This event was held in conjunction with the BID’s “12 Days of Golden Giveaways” online campaign, which received more than 11,000 entries for prizes totaling $8,000.
» Spring 2014 - former host of HGTV’s Yard Crashers Ahmed Hassan joined experts from the Smithsonian, National Arboretum, National Park Service, and WUSA 9 to judge 18 “Golden Streets” tree boxes. This friendly competition, which received nearly 3,000 fan-favorite votes, challenged participating buildings to transform their exterior green space into stunning flower displays.
» Summer 2014 - thousands joined us at “Picnic in the Park” and “Pilates in the Park” for cuddly puppies from the Washington Animal Rescue League, table tennis networking opportunities, cool jazz courtesy of Wolf Trap, celebrity fitness instructors, free massages, and great-tasting smoothies.
» Fall 2014 - three nationally recognized police chiefs assisted Golden Triangle members with emergency planning during the “Stay or Go—Boston Marathon, Navy Yard, and September 11” event. This event was one of six safety and security events that attracted more than 650 people this year.
SEASONBYSEASONONLINE SOCIAL IMPACTS:
» 18,000+ subscribed to BID e-communications
» 1,000+ new followers on Twitter and Facebook
» 260,000+ webpage views in 2014
» 88,000+ people engaged through social media
In fiscal year 2014, the Golden Triangle BID staff focused on long-term strategic initiatives that continue to transform this neighborhood into a world-class destination.
In fiscal year 2014, the BID partnered with DC’s Department of Transportation to complete the Connecticut Avenue Streetscape Project, which included a four-block raised median, new sidewalk pavers (between Farragut Square and Dupont Circle), modern street furniture, and 20-foot tree gardens.
This year, the BID also unveiled four new rain gardens at 19th & L Streets. Funded through a grant from the DC Department of Environment and US EPA, these rain gardens total 2,280 square feet and feature seating for lunch time crowds. The National Wildlife Federation recognized all five rain gardens as official Certified Wildlife Habitat™ sites.
The BID partnered with the Mayor’s Sustainable DC program to transform the Connecticut Avenue Overlook, an underutilized concrete overpass, into a new small park. When finished this park will feature landscaping, bike racks, seating, and pavers with integrated lighting that will gather energy from footsteps.
The BID recently embarked on a newer vision—one that will also have great positive impact on this neighborhood in future years. The Golden Triangle BID has begun working with stakeholders on the collective vision for Pennsylvania Avenue west of the White House—where international organizations, power, and government converge.
YEARBYYEARTHE GOLDEN TRIANGLE BOASTS:
» 85,000 area workers
» Three of the seven busiest Metro stations
» 80+ LEED and Energy Star Certified Buildings
» 260+ tech/innovation firms
» $130,000 average salary for area workers
Power washed 91 properties
Rain gardens filtered 80,680 gallons of run-off water
20 companies participated in the new table tennis game series
80,680
20
91Hosted 100+ events throughout the fiscal year
650 attended emergency preparedness events
Hosted 30+ Lobby Fairs in fiscal year 2014
650
30
100
GOLDEN TRIANGLE BUSINESS IMPROVEMENT DISTRICT
FARRAGUTPARK
MONROEPARK
GOLDENTRIANGLE
PARK
LONG-FELLOWPARK
WITHER-SPOON
PARK
NUNS OFBATTLEFIELD PARK
MURROWPARK
SCOTTCIRCLE
GEORGEWASHINGTONUNIVERSITY
GEORGETOWN
ADAMS MORGANNATIONAL ZOO
NATIONAL MALL AND
SMITHSONIAN
THE WHITE HOUSE
LAFAYETTE PARK
DUPONT CIR
CL
E
FARRAGUT WEST METRO
FARRAGUT WEST METRO
FARRAGUT NORTH METRO
FARRAGUT NORTH METRO
DUPONTCIRCLEMETRO
Sunderland Place
G Street
Pennsylvania Avenue
Ward Place
F Street
I Street
L Street
N Street
Connecticu
t Ave
nue
Connecticu
t Ave
nue
Rhode Island Avenue
Connecticu
t Ave
nue
Jefferson Place
21st S
treet
20
th S
treet
19th
Stre
et
18th
Stre
et
18th
Stre
et
17th
Stre
et
17th
Stre
et
17th
Stre
et
16th
Stre
et
17th
Stre
et (E
ast)
17th
Stre
et (W
est)
18th
Stre
et
H Street
K Street
M Street M Street
DeSales Street
1127 CT
1615 M
1330CT
1333 NH
1250 CT1920 N
1130 CT
115017th
1350CT
1818 N
1300CT
1201 CT
1150CT
1777 F
1726M
1776-1742 G
1211 CT
1101CT
1750Penn
1800-
1824
Mass
120017th
1140 CT
1100 CT
1301CT
122519th
1300 19th /1909 N
1675M
1730Rhode Is.
1337 CT
1837M
132019th
1717DeSales
1155 CT
21DupontCircle
1218-1220
CT
1319-
1323 CT
1720
I
1216 18th1214 18th1212 18th1210 18th
1606
K16
04 K
1602
K16
00 K
1229
19t
h
1824
Mas
s
1245-47 20th
1730 M
1705
DS
1369-
1367CT
1363-
65 CT
1710
Rho
de Is
.17
11 M
1928-24 N
1130
17t
h
1827-1821Jefferson
1347-
1341CT
1326-132218th
1331-
1325 CT 1314-131218th
1223-1215CT
1225 CT
1147-1141CT
1136 19th
1242-123419th
1132 19th
1700Penn
1730Penn
1725DeSales
1133 CT
1120 CT
1120 CT111118th
1707L
110017th
1660 L
112517th
112816th
1128 16th
112616th111216th
1615L
1625L
1620
L
1616
L16
02-1
614
L
1667K
1629K
110117th
1627
K
1625K
1601K
1666 K
1612
K
1608
K
1627 I
1625 I
90016th
910 16th
815 CT1620
I1600
I
1615 H80117th
80017th
83917th
888 17th
900 17th
910 17th
1700 K
1025 CT
1000 CT at 1717 K
1001 CT
1735
K
1775 K
101518th
1050 CT
1050
17t
h17
01 K
1750 K1776 K
919 18th
1717 H
1775Penn
1899Penn
1875Penn
1801Penn
81818th
1800I
1808-1806
I1816I
1875-1835I
1800 K
191319th
1850-1810 K
1900 K1990 K2000 K
2001Penn
2020 K
2000 L
2021 K
2033 K
2100K
2121 K
1050
21s
t
2131K
2120L
102621st
2100L
2101 L
2100 M
1200 NH
2055 L2001 L
111120th
1920 L 1900 L
102019th
1909 K1999 K
1901L
1118-111219th
112019th
112920th
113320th
1990 M 1900 M 1850 M
1831-1813 M
1826-1816Jefferson
120018th
1215
19t
h
114519th
1141-113319th
1111 19th 1150 18th
1801 L
1823
L
1899 L
1828 L
1801 K
1825 K1875 K
1819
L
1800 M1146 19th
1140 19th
1147 20th
1916
M
112020th
2000M
2001M
1919M
123320th
122019th
120019th
2020M
2030M
2025M
2033M
113321st
115521st
2021
L
2101
K 2001 K
2029
K
2019
I20
15 I
2011
I2099Penn 900
19th
1919 Penn
1928 -1920I
1911 Penn 1901
Penn
1750 H 1710 H
75017th
1701Penn
1717Penn
1747Penn
1722I
1776I
1775I
1725I
801
18th
1737
H
1729
H
1634I
800 CT
818CT
816 CT
80016th
1600M ST
1307 NH
1836
Jef
fers
on
110016th
114517th
1106-1110
1913
I
1716
I 17
12 I
1919 -1915 I
Day by day, the Golden Triangle BID provided a clean, safe, and vibrant neighborhood for area workers, residents, and visitors. Through a team of dedicated Ambassadors, the BID ensured that all daily operations achieved the gold standard. The team of specially trained Ambassadors performed a number of cleaning, greening, and safety services including:
» Collected 51,000+ recycle and trash bags
» Completed 1,800+ hours of power-washing
» Planted 19,000+ flowers throughout the Golden Triangle
The Golden Triangle Ambassadors also helped to sustain low crime levels by reporting suspicious or unusual activity. The BID’s Safety and Security program delivered time-sensitive safety alerts, assisted property managers in creating emergency plans, and partnered with local and federal law enforcement agencies on a variety of initiatives. The Golden Triangle Safety Council, which includes law enforcement agencies, met regularly to discuss neighborhood concerns and safety initiatives.
The BID’s homeless outreach staff worked tirelessly to reduce homelessness. The Golden Triangle’s Pathways to Housing team responded to 162 service calls and made 2,542 face-to-face engagements to provide people with a broad range of housing and supportive services to transition them off the streets.
DAYBYDAYOPERATIONAL IMPROVEMENTS:
» Installed 132 new dual-flow recycling trashcans and 36 new flower baskets
» Increased efficiency by deploying a fleet of all terrain litter vacuums (ATLVs)
» Successfully executed a winter weather work plan — spending 5,000+ hours to clear 32” of snow and ice during winter 2013
In the winter, spring, summer, and fall, the Golden Triangle BID hosted more than 100 events that marked the neighborhood as a vibrant urban destination. With the help of retail sponsorships and supportive partnerships, the BID produced activities that created unique experiences and enhanced the neighborhood’s marketability.
It’s Golden Outside harnessed the strengths of every event into one brand strategy, which deepened our connections and enhanced experiences season by season.
» Winter 2013 - the BID kicked off Gold Thursday with free gift wrapping, Dickens-era carolers, Santa Claus, and flash prizes. This event was held in conjunction with the BID’s “12 Days of Golden Giveaways” online campaign, which received more than 11,000 entries for prizes totaling $8,000.
» Spring 2014 - former host of HGTV’s Yard Crashers Ahmed Hassan joined experts from the Smithsonian, National Arboretum, National Park Service, and WUSA 9 to judge 18 “Golden Streets” tree boxes. This friendly competition, which received nearly 3,000 fan-favorite votes, challenged participating buildings to transform their exterior green space into stunning flower displays.
» Summer 2014 - thousands joined us at “Picnic in the Park” and “Pilates in the Park” for cuddly puppies from the Washington Animal Rescue League, table tennis networking opportunities, cool jazz courtesy of Wolf Trap, celebrity fitness instructors, free massages, and great-tasting smoothies.
» Fall 2014 - three nationally recognized police chiefs assisted Golden Triangle members with emergency planning during the “Stay or Go—Boston Marathon, Navy Yard, and September 11” event. This event was one of six safety and security events that attracted more than 650 people this year.
SEASONBYSEASONONLINE SOCIAL IMPACTS:
» 18,000+ subscribed to BID e-communications
» 1,000+ new followers on Twitter and Facebook
» 260,000+ webpage views in 2014
» 88,000+ people engaged through social media
In fiscal year 2014, the Golden Triangle BID staff focused on long-term strategic initiatives that continue to transform this neighborhood into a world-class destination.
In fiscal year 2014, the BID partnered with DC’s Department of Transportation to complete the Connecticut Avenue Streetscape Project, which included a four-block raised median, new sidewalk pavers (between Farragut Square and Dupont Circle), modern street furniture, and 20-foot tree gardens.
This year, the BID also unveiled four new rain gardens at 19th & L Streets. Funded through a grant from the DC Department of Environment and US EPA, these rain gardens total 2,280 square feet and feature seating for lunch time crowds. The National Wildlife Federation recognized all five rain gardens as official Certified Wildlife Habitat™ sites.
The BID partnered with the Mayor’s Sustainable DC program to transform the Connecticut Avenue Overlook, an underutilized concrete overpass, into a new small park. When finished this park will feature landscaping, bike racks, seating, and pavers with integrated lighting that will gather energy from footsteps.
The BID recently embarked on a newer vision—one that will also have great positive impact on this neighborhood in future years. The Golden Triangle BID has begun working with stakeholders on the collective vision for Pennsylvania Avenue west of the White House—where international organizations, power, and government converge.
YEARBYYEARTHE GOLDEN TRIANGLE BOASTS:
» 85,000 area workers
» Three of the seven busiest Metro stations
» 80+ LEED and Energy Star Certified Buildings
» 260+ tech/innovation firms
» $130,000 average salary for area workers
Power washed 91 properties
Rain gardens filtered 80,680 gallons of run-off water
20 companies participated in the new table tennis game series
80,680
20
91Hosted 100+ events throughout the fiscal year
650 attended emergency preparedness events
Hosted 30+ Lobby Fairs in fiscal year 2014
650
30
100
GOLDEN TRIANGLE BUSINESS IMPROVEMENT DISTRICT
FARRAGUTPARK
MONROEPARK
GOLDENTRIANGLE
PARK
LONG-FELLOWPARK
WITHER-SPOON
PARK
NUNS OFBATTLEFIELD PARK
MURROWPARK
SCOTTCIRCLE
GEORGEWASHINGTONUNIVERSITY
GEORGETOWN
ADAMS MORGANNATIONAL ZOO
NATIONAL MALL AND
SMITHSONIAN
THE WHITE HOUSE
LAFAYETTE PARK
DUPONT CIR
CL
E
FARRAGUT WEST METRO
FARRAGUT WEST METRO
FARRAGUT NORTH METRO
FARRAGUT NORTH METRO
DUPONTCIRCLEMETRO
Sunderland Place
G Street
Pennsylvania Avenue
Ward Place
F Street
I Street
L Street
N Street
Connecticu
t Ave
nue
Connecticu
t Ave
nue
Rhode Island Avenue
Connecticu
t Ave
nue
Jefferson Place
21st S
treet
20
th S
treet
19th
Stre
et
18th
Stre
et
18th
Stre
et
17th
Stre
et
17th
Stre
et
17th
Stre
et
16th
Stre
et
17th
Stre
et (E
ast)
17th
Stre
et (W
est)
18th
Stre
et
H Street
K Street
M Street M Street
DeSales Street
1127 CT
1615 M
1330CT
1333 NH
1250 CT1920 N
1130 CT
115017th
1350CT
1818 N
1300CT
1201 CT
1150CT
1777 F
1726M
1776-1742 G
1211 CT
1101CT
1750Penn
1800-
1824
Mass
120017th
1140 CT
1100 CT
1301CT
122519th
1300 19th /1909 N
1675M
1730Rhode Is.
1337 CT
1837M
132019th
1717DeSales
1155 CT
21DupontCircle
1218-1220
CT
1319-
1323 CT
1720
I
1216 18th1214 18th1212 18th1210 18th
1606
K16
04 K
1602
K16
00 K
1229
19t
h
1824
Mas
s
1245-47 20th
1730 M
1705
DS
1369-
1367CT
1363-
65 CT
1710
Rho
de Is
.17
11 M
1928-24 N
1130
17t
h
1827-1821Jefferson
1347-
1341CT
1326-132218th
1331-
1325 CT 1314-131218th
1223-1215CT
1225 CT
1147-1141CT
1136 19th
1242-123419th
1132 19th
1700Penn
1730Penn
1725DeSales
1133 CT
1120 CT
1120 CT111118th
1707L
110017th
1660 L
112517th
112816th
1128 16th
112616th111216th
1615L
1625L
1620
L
1616
L16
02-1
614
L
1667K
1629K
110117th
1627
K
1625K
1601K
1666 K
1612
K
1608
K
1627 I
1625 I
90016th
910 16th
815 CT1620
I1600
I
1615 H80117th
80017th
83917th
888 17th
900 17th
910 17th
1700 K
1025 CT
1000 CT at 1717 K
1001 CT
1735
K
1775 K
101518th
1050 CT
1050
17t
h17
01 K
1750 K1776 K
919 18th
1717 H
1775Penn
1899Penn
1875Penn
1801Penn
81818th
1800I
1808-1806
I1816I
1875-1835I
1800 K
191319th
1850-1810 K
1900 K1990 K2000 K
2001Penn
2020 K
2000 L
2021 K
2033 K
2100K
2121 K
1050
21s
t
2131K
2120L
102621st
2100L
2101 L
2100 M
1200 NH
2055 L2001 L
111120th
1920 L 1900 L
102019th
1909 K1999 K
1901L
1118-111219th
112019th
112920th
113320th
1990 M 1900 M 1850 M
1831-1813 M
1826-1816Jefferson
120018th
1215
19t
h
114519th
1141-113319th
1111 19th 1150 18th
1801 L
1823
L
1899 L
1828 L
1801 K
1825 K1875 K
1819
L
1800 M1146 19th
1140 19th
1147 20th
1916
M
112020th
2000M
2001M
1919M
123320th
122019th
120019th
2020M
2030M
2025M
2033M
113321st
115521st
2021
L
2101
K 2001 K
2029
K
2019
I20
15 I
2011
I2099Penn 900
19th
1919 Penn
1928 -1920I
1911 Penn 1901
Penn
1750 H 1710 H
75017th
1701Penn
1717Penn
1747Penn
1722I
1776I
1775I
1725I
801
18th
1737
H
1729
H
1634I
800 CT
818CT
816 CT
80016th
1600M ST
1307 NH
1836
Jef
fers
on
110016th
114517th
1106-1110
1913
I
1716
I 17
12 I
1919 -1915 I
Day by day, the Golden Triangle BID provided a clean, safe, and vibrant neighborhood for area workers, residents, and visitors. Through a team of dedicated Ambassadors, the BID ensured that all daily operations achieved the gold standard. The team of specially trained Ambassadors performed a number of cleaning, greening, and safety services including:
» Collected 51,000+ recycle and trash bags
» Completed 1,800+ hours of power-washing
» Planted 19,000+ flowers throughout the Golden Triangle
The Golden Triangle Ambassadors also helped to sustain low crime levels by reporting suspicious or unusual activity. The BID’s Safety and Security program delivered time-sensitive safety alerts, assisted property managers in creating emergency plans, and partnered with local and federal law enforcement agencies on a variety of initiatives. The Golden Triangle Safety Council, which includes law enforcement agencies, met regularly to discuss neighborhood concerns and safety initiatives.
The BID’s homeless outreach staff worked tirelessly to reduce homelessness. The Golden Triangle’s Pathways to Housing team responded to 162 service calls and made 2,542 face-to-face engagements to provide people with a broad range of housing and supportive services to transition them off the streets.
DAYBYDAYOPERATIONAL IMPROVEMENTS:
» Installed 132 new dual-flow recycling trashcans and 36 new flower baskets
» Increased efficiency by deploying a fleet of all terrain litter vacuums (ATLVs)
» Successfully executed a winter weather work plan — spending 5,000+ hours to clear 32” of snow and ice during winter 2013
In the winter, spring, summer, and fall, the Golden Triangle BID hosted more than 100 events that marked the neighborhood as a vibrant urban destination. With the help of retail sponsorships and supportive partnerships, the BID produced activities that created unique experiences and enhanced the neighborhood’s marketability.
It’s Golden Outside harnessed the strengths of every event into one brand strategy, which deepened our connections and enhanced experiences season by season.
» Winter 2013 - the BID kicked off Gold Thursday with free gift wrapping, Dickens-era carolers, Santa Claus, and flash prizes. This event was held in conjunction with the BID’s “12 Days of Golden Giveaways” online campaign, which received more than 11,000 entries for prizes totaling $8,000.
» Spring 2014 - former host of HGTV’s Yard Crashers Ahmed Hassan joined experts from the Smithsonian, National Arboretum, National Park Service, and WUSA 9 to judge 18 “Golden Streets” tree boxes. This friendly competition, which received nearly 3,000 fan-favorite votes, challenged participating buildings to transform their exterior green space into stunning flower displays.
» Summer 2014 - thousands joined us at “Picnic in the Park” and “Pilates in the Park” for cuddly puppies from the Washington Animal Rescue League, table tennis networking opportunities, cool jazz courtesy of Wolf Trap, celebrity fitness instructors, free massages, and great-tasting smoothies.
» Fall 2014 - three nationally recognized police chiefs assisted Golden Triangle members with emergency planning during the “Stay or Go—Boston Marathon, Navy Yard, and September 11” event. This event was one of six safety and security events that attracted more than 650 people this year.
SEASONBYSEASONONLINE SOCIAL IMPACTS:
» 18,000+ subscribed to BID e-communications
» 1,000+ new followers on Twitter and Facebook
» 260,000+ webpage views in 2014
» 88,000+ people engaged through social media
In fiscal year 2014, the Golden Triangle BID staff focused on long-term strategic initiatives that continue to transform this neighborhood into a world-class destination.
In fiscal year 2014, the BID partnered with DC’s Department of Transportation to complete the Connecticut Avenue Streetscape Project, which included a four-block raised median, new sidewalk pavers (between Farragut Square and Dupont Circle), modern street furniture, and 20-foot tree gardens.
This year, the BID also unveiled four new rain gardens at 19th & L Streets. Funded through a grant from the DC Department of Environment and US EPA, these rain gardens total 2,280 square feet and feature seating for lunch time crowds. The National Wildlife Federation recognized all five rain gardens as official Certified Wildlife Habitat™ sites.
The BID partnered with the Mayor’s Sustainable DC program to transform the Connecticut Avenue Overlook, an underutilized concrete overpass, into a new small park. When finished this park will feature landscaping, bike racks, seating, and pavers with integrated lighting that will gather energy from footsteps.
The BID recently embarked on a newer vision—one that will also have great positive impact on this neighborhood in future years. The Golden Triangle BID has begun working with stakeholders on the collective vision for Pennsylvania Avenue west of the White House—where international organizations, power, and government converge.
YEARBYYEARTHE GOLDEN TRIANGLE BOASTS:
» 85,000 area workers
» Three of the seven busiest Metro stations
» 80+ LEED and Energy Star Certified Buildings
» 260+ tech/innovation firms
» $130,000 average salary for area workers
Power washed 91 properties
Rain gardens filtered 80,680 gallons of run-off water
20 companies participated in the new table tennis game series
80,680
20
91Hosted 100+ events throughout the fiscal year
650 attended emergency preparedness events
Hosted 30+ Lobby Fairs in fiscal year 2014
650
30
100
DAYBYDAY2014 ANNUAL REPORT
Mark Benedetti Blake Real Estate
James Brawner Brawner Management, LLC
Hans Bruland The Hay-Adams Hotel
Holly Cook American Bar Association
James Dean Clarion Partners, LLC
Bradley Flickinger CB Richard Ellis
William Grillo Cassidy Turley
Arthur Guzzetti American Public Transportation Association
Thor Headley Hines
John Hinton Lincoln Property Company
Janene JacksonHolland & Knight
John Montano Renaissance Mayflower Hotel
James Rich Zuckerman Gravely Management
Meredith Roark Jones Lang LaSalle Americas
Debbie Webb Tower Companies
Nicola Whiteman Apartment and Office Building Association of Metropolitan Washington
Stanley Fineman Ex Officio Wilkes Artis, Chartered
Carl GewirzEx Officio
BOARD OF DIRECTORS (as of October 2014)
EXECUTIVE COMMITTEE
Kathryn ClementPresident Vornado/Charles E. Smith
Scott Mead Vice PresidentLerner Corporation
Casey Brill TreasurerPNC Bank
Caroline KrugerSecretaryLerner Corporation
Gregory MeyerBrookfield Properties
Sean Warfield Tishman Speyer
FINANCIAL INFORMATION
CONSOLIDATED STATEMENT OF FINANCIAL POSITION 2014
Assets
Cash and cash equivalents $ 1,537,909Investments in certificate of deposit 4,478,026Accounts receivable, net 3,687Prepaid expenses and other 34,211Property and equipment, net 179,617
Total Assets $ 6,233,450
Liabilities and Unrestricted Net Assets
Accounts payable and accrued expenses $ 136,320Deferred rent 51,357Deferred tax assessments 4,692Unrestricted net assets 3,931,563 Property and equipment, net 179,617 Board designated 1,929,901
Total Liabilities and Unrestricted Net Assets $ 6,233,450
CONSOLIDATED STATEMENT OF ACTIVITIES
Support and Revenue
BID assessments $ 4,647,371Grants and others 251,611Interest income 11,489
Total Support and Revenue $ 4,910,471
Expenses
Program Services Ambassador $ 1,792,210 Homeless Outreach 223,094 Community Programs 775,000 Marketing & Communications 448,646 Beautification & Physical Improvements 530,073Management and other administrative 896,519
Total Expenses $ 4,665,542Increase in Unrestricted Net Assets $ 244,929
CONSOLIDATED STATE MENT OF CASH FLOW
Net cash provided by operating activities $ 390,648Net cash used in investing activities (1,296,964) Net decrease in cash and cash equivalents (906,316)Cash and cash equivalents, beginning of year 2,444,225
Cash and Cash Equivalents, End of Year $ 1,537,909
This information has been derived from the financial statements
audited by Baker Tilly Virchow Krause LLP. The complete set of
audited financial statements are available upon request of the
Golden Triangle Business Improvement District Corporation.
1120 Connecticut Avenue NW I Suite 260 I Washington, DC 20036 I P 202.463.3400 F 202.463.7062 I www.goldentriangledc.com
Kathryn ClementBoard President
Leona AgouridisExecutive Director
Sincerely,
Message to Our Members,
The Golden Triangle is an extraordinary neighborhood in Washington’s central business district. It is home to global corporations, emerging tech companies, and bustling restaurants, hotels, and shops. This year, the Golden Triangle BID implemented several initiatives that marked the neighborhood as a world-renowned destination. Year by year, season by season, and day by day, the Golden Triangle keeps getting brighter.
Most notably, the BID worked with the DC Department of Transportation to complete the Connecticut Avenue Project, which included the iconic median, modern street furniture, and the planning of a new micro park. The BID also worked with its strategic partners to build four rain gardens and to host 100+ events.
These initiatives, and the many others featured in this annual report, helped enhance the neighborhood and provide our members with “Gold Standard” service.
DAYBYDAY2014 ANNUAL REPORT
Mark Benedetti Blake Real Estate
James Brawner Brawner Management, LLC
Hans Bruland The Hay-Adams Hotel
Holly Cook American Bar Association
James Dean Clarion Partners, LLC
Bradley Flickinger CB Richard Ellis
William Grillo Cassidy Turley
Arthur Guzzetti American Public Transportation Association
Thor Headley Hines
John Hinton Lincoln Property Company
Janene JacksonHolland & Knight
John Montano Renaissance Mayflower Hotel
James Rich Zuckerman Gravely Management
Meredith Roark Jones Lang LaSalle Americas
Debbie Webb Tower Companies
Nicola Whiteman Apartment and Office Building Association of Metropolitan Washington
Stanley Fineman Ex Officio Wilkes Artis, Chartered
Carl GewirzEx Officio
BOARD OF DIRECTORS (as of October 2014)
EXECUTIVE COMMITTEE
Kathryn ClementPresident Vornado/Charles E. Smith
Scott Mead Vice PresidentLerner Corporation
Casey Brill TreasurerPNC Bank
Caroline KrugerSecretaryLerner Corporation
Gregory MeyerBrookfield Properties
Sean Warfield Tishman Speyer
FINANCIAL INFORMATION
CONSOLIDATED STATEMENT OF FINANCIAL POSITION 2014
Assets
Cash and cash equivalents $ 1,537,909Investments in certificate of deposit 4,478,026Accounts receivable, net 3,687Prepaid expenses and other 34,211Property and equipment, net 179,617
Total Assets $ 6,233,450
Liabilities and Unrestricted Net Assets
Accounts payable and accrued expenses $ 136,320Deferred rent 51,357Deferred tax assessments 4,692Unrestricted net assets 3,931,563 Property and equipment, net 179,617 Board designated 1,929,901
Total Liabilities and Unrestricted Net Assets $ 6,233,450
CONSOLIDATED STATEMENT OF ACTIVITIES
Support and Revenue
BID assessments $ 4,647,371Grants and others 251,611Interest income 11,489
Total Support and Revenue $ 4,910,471
Expenses
Program Services Ambassador $ 1,792,210 Homeless Outreach 223,094 Community Programs 775,000 Marketing & Communications 448,646 Beautification & Physical Improvements 530,073Management and other administrative 896,519
Total Expenses $ 4,665,542Increase in Unrestricted Net Assets $ 244,929
CONSOLIDATED STATE MENT OF CASH FLOW
Net cash provided by operating activities $ 390,648Net cash used in investing activities (1,296,964) Net decrease in cash and cash equivalents (906,316)Cash and cash equivalents, beginning of year 2,444,225
Cash and Cash Equivalents, End of Year $ 1,537,909
This information has been derived from the financial statements
audited by Baker Tilly Virchow Krause LLP. The complete set of
audited financial statements are available upon request of the
Golden Triangle Business Improvement District Corporation.
1120 Connecticut Avenue NW I Suite 260 I Washington, DC 20036 I P 202.463.3400 F 202.463.7062 I www.goldentriangledc.com
Kathryn ClementBoard President
Leona AgouridisExecutive Director
Sincerely,
Message to Our Members,
The Golden Triangle is an extraordinary neighborhood in Washington’s central business district. It is home to global corporations, emerging tech companies, and bustling restaurants, hotels, and shops. This year, the Golden Triangle BID implemented several initiatives that marked the neighborhood as a world-renowned destination. Year by year, season by season, and day by day, the Golden Triangle keeps getting brighter.
Most notably, the BID worked with the DC Department of Transportation to complete the Connecticut Avenue Project, which included the iconic median, modern street furniture, and the planning of a new micro park. The BID also worked with its strategic partners to build four rain gardens and to host 100+ events.
These initiatives, and the many others featured in this annual report, helped enhance the neighborhood and provide our members with “Gold Standard” service.