Hyde Park NA has a budget, too

Yesterday, the Austin Monitor reported on the finances of Hyde Park neighborhood association upstart Friends of Hyde Park. Today, we have news of the Hyde Park Neighborhood Association, which, as an official nonprofit, has a slightly different business model. Hyde Park Neighborhood Association steering committee Co-Secretary Co-President Reid Long spoke to the Monitor on Monday. He explained that the organization’s annual budget is about $35,000. Most of that, he said, goes toward producing the print version of the group’s newsletter, the ad sales for which are also the group’s greatest source of revenue. Unlike FOHP, the Hyde Park Neighborhood Association does collect dues – $5 for residents under 65 years of age, and $1 for residents above 65 years of age. Also, unlike Friends of Hyde Park, the neighborhood association hosts several community events, which include an annual Easter egg hunt, a home tour, a holiday party and a celebration of the local fire station.