GRAND CENTRAL PARTNERSHIP INC

EIN: 133275810 501(c)(3) Community Improvement

NEW YORK, NY

Total Revenue
$14,093,577
Total Expenses
$13,408,534
Total Assets
$19,329,769
Net Assets
$12,424,677
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
NY
Principal Officer
ALFRED C CERULLO III
Phone
2128832420
Tax Period
2024-07-01 to 2025-06-30

GRAND CENTRAL PARTNERSHIP INC, founded in 1985, is a mid-sized nonprofit in the Community Improvement sector that reported $14.1M in total revenue in fiscal year 2024. Expenses of $13.4M left a modest 5% surplus.

Mission

PROMOTE THE VITALITY AND ECONOMIC GROWTH OF A BUSINESS IMPROVEMENT DISTRICT LOCATED IN NYC.

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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 $195,959
Program Service Revenue $13,203,410
Investment Income $651,190
Other Revenue $43,018
TOTAL REVENUE $14,093,577

Expense Breakdown

Grants Paid $35,000
Salaries & Benefits $8,983,468
Fundraising Expenses $0
Program Expenses $11,517,314
Other Expenses $4,390,066
TOTAL EXPENSES $13,408,534

Year-over-Year Comparison

2024 2023 Change
Revenue $14,093,577 $14,135,016 0.0%
Expenses $13,408,534 $13,067,945 +0.0%
Net Income $685,043 $1,067,071 -0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
38
Independent Members
32
Employees
145
Volunteers
32

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
8
$1,744,112
Total Directors
38
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER S KALIKOW CHAIR 0.50
Officer Director
$0 $0 $0
MICHELLE ADAMS VICE CHAIR 0.50
Officer Director
$0 $0 $0
JAMES WHELAN SECRETARY 0.50
Officer Director
$0 $0 $0
JOHN L MASCIALINO TREASURER 0.50
Officer Director
$0 $0 $0
ADAM F ABRAMSON DIRECTOR 0.50
Director
$0 $0 $0
ALAN WIENER DIRECTOR 0.50
Director
$0 $0 $0
ANDREW D LEVIN DIRECTOR 0.50
Director
$0 $0 $0
ANDREW S WEISZ DIRECTOR 0.50
Director
$0 $0 $0
BRAD LANDER DIRECTOR 0.50
Director
$0 $0 $0
BRAD SHERBURNE DIRECTOR 0.50
Director
$0 $0 $0
BRADLEY KATZ DIRECTOR 0.50
Director
$0 $0 $0
DAVID BRAUSE DIRECTOR 0.50
Director
$0 $0 $0
DIMITRIS NAKOS DIRECTOR 0.50
Director
$0 $0 $0
DONALD SVOBODA DIRECTOR 0.50
Director
$0 $0 $0
DOUGLAS DURST DIRECTOR 0.50
Director
$0 $0 $0
DUNCAN MCCUAIG DIRECTOR 0.50
Director
$0 $0 $0
ERIC ADAMS DIRECTOR 0.50
Director
$0 $0 $0
FRANCES DELGORIO DIRECTOR 0.50
Director
$0 $0 $0
FRED POSNIAK DIRECTOR 0.50
Director
$0 $0 $0
GABRIEL DAGAN DIRECTOR 0.50
Director
$0 $0 $0
GABRIEL ROSEN DIRECTOR 0.50
Director
$0 $0 $0
GLEN J WEISS DIRECTOR 0.50
Director
$0 $0 $0
HOWARD P MILSTEIN DIRECTOR 0.50
Director
$0 $0 $0
JANNO LIEBER DIRECTOR 0.50
Director
$0 $0 $0
KEITH POWERS DIRECTOR 0.50
Director
$0 $0 $0
KOLODNY JONATHAN DIRECTOR 0.50
Director
$0 $0 $0
KYLE ATHAYDE DIRECTOR 0.50
Director
$0 $0 $0
MARK LEVINE DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL J REGAN DIRECTOR 0.50
Director
$0 $0 $0
MCCKURE KENNETH DIRECTOR 0.50
Director
$0 $0 $0
NICHOLAS MARTIN DIRECTOR 0.50
Director
$0 $0 $0
PATRICK LEYDEN DIRECTOR 0.50
Director
$0 $0 $0
PETER S DUNCAN DIRECTOR 0.50
Director
$0 $0 $0
ROBERT BILLINGSLEY DIRECTOR 0.50
Director
$0 $0 $0
SCOTT RECHLER DIRECTOR 0.50
Director
$0 $0 $0
STEVEN DURELS DIRECTOR 0.50
Director
$0 $0 $0
SUSAN MENDIK DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM G COHEN DIRECTOR 0.50
Director
$0 $0 $0
ALFRED C CERULLO III PRESIDENT & C.E.O. 45.00
Officer
$790,858 $26,834 $817,692
ROCHELLE PATRICOF VP FOR ADMIN & OPERATIONS 45.00
Officer
$257,366 $57,952 $315,318
ROBERT ADINOLFI C.F.O. & ASSISTANT TREASURER 45.00
Officer
$234,077 $61,124 $295,201
MARC WURZEL GENERAL COUNSEL & ASSISTANT 45.00
Officer
$292,089 $23,812 $315,901
LINDSAY E EASON DIR. OF FIELD OPERATIONS 45.00
Highest
$165,375 $3,308 $168,683
KENT GRZECZKA DIRECTOR OF CAPITAL MAINTENANCE 45.00
Highest
$124,343 $43,014 $167,357
ALBERTA ANCRUM DEPUTY DIR. OF FIELD OPERATIONS 45.00
Highest
$129,712 $19,317 $149,029
RYAN PUKOS DIRECTOR OF DATA & PUBLIC AFFAIRS 45.00
Highest
$123,880 $39,236 $163,116
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 $14,093,577 $13,408,534 $19,329,769 $685,043
2024 $14,135,016 $13,067,945 $18,266,440 $1,067,071
2023 $13,504,722 $12,743,163 $17,506,496 $761,559
2022 $13,880,529 $12,710,865 $10,906,247 $1,169,664
2021 $13,513,201 $13,328,208 $12,144,346 $184,993
2020 $15,022,079 $13,843,038 $13,675,609 $1,179,041
2019 $14,209,434 $14,211,965 $14,547,192 $-2,531
2018 $13,670,209 $13,562,738 $16,079,973 $107,471
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