Steinway Street District Management Association

EIN: 113067330 501(c)(3) Community Improvement

Astoria, NY

Total Revenue
$608,359
Total Expenses
$516,351
Total Assets
$902,014
Net Assets
$560,482
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
NY
Principal Officer
Marie Torniali
Phone
7187218252
Tax Period
2024-07-01 to 2025-06-30

Steinway Street District Management Association, founded in 1983, is a small nonprofit in the Community Improvement sector that reported $608K in total revenue in fiscal year 2024. The organization ran a surplus of $92K, a strong 15% operating margin.

Mission

The purpose of the organization is to provide supplemental municipal services such as sanitation, security service, holiday decoration and promotion in the Steinway Street Business Improvement District.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $579,540
Program Service Revenue $10,243
Investment Income $18,576
Other Revenue $0
TOTAL REVENUE $608,359

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $395,639
Other Expenses $516,351
TOTAL EXPENSES $516,351

Year-over-Year Comparison

2024 2023 Change
Revenue $608,359 $595,733 +0.0%
Expenses $516,351 $480,638 +0.1%
Net Income $92,008 $115,095 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tony Barsamian Chairman 0.50
Director
$0 $0 $0
Kevin Foley-Littell President 0.50
Director
$0 $0 $0
Dr Abdulla Zoobi Director 0.50
Director
$0 $0 $0
Kelly Lagoudis Director 0.50
Director
$0 $0 $0
Carole Nobel Director 0.50
Director
$0 $0 $0
Dominic Pinto Director 0.50
Director
$0 $0 $0
Richard Plush Executive VP 0.50
Director
$0 $0 $0
Larry Lakhati Secretary 0.50
Director
$0 $0 $0
Farzan Adhami Director 0.50
Director
$0 $0 $0
Pauline Jannelli Director 0.50
Director
$0 $0 $0
Aaron Applebaum Director 0.50
Director
$0 $0 $0
Bishop Mitchell G Taylor Director 0.50
Director
$0 $0 $0
Nijaz Redzematovic Director 0.50
Director
$0 $0 $0
Helen Mikedis Director 0.50
Director
$0 $0 $0
Marie Torniali Executive Director 10.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $608,359 $516,351 $902,014 $92,008
2024 $595,733 $480,638 $487,649 $115,095
2023 $579,543 $492,817 $368,972 $86,726
2022 $463,818 $444,790 $277,853 $19,028
2021 $460,615 $415,123 $253,715 $45,492
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