GRAND CENTRAL DISTRICT MANAGEMENT … - Form 990 Financial Data

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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

1988

Legal Domicile

Principal Officer

ALFRED C CERULLO III

Phone

2128832420

Tax Period

2024-07-01 to 2025-06-30

GRAND CENTRAL DISTRICT MANAGEMENT ASSOCIATION INC, founded in 1988, is a mid-sized nonprofit in the Housing & Shelter sector that reported $12.7M in total revenue in fiscal year 2024.

Mission

THE GRAND CENTRAL PARTNERSHIP PROVIDES SUPPLEMENTAL PUBLIC SAFETY, SANITATION, STREETSCAPE IMPROVEMENT, VISITOR INFORMATION AND BUSINESS SUPPORT SERVICES, INCLUDING MARKETING AND SPECIAL EVENTS TO BENEFIT PROPERTY OWNERS, BUSINESSES AND RESIDENTS IN A 70 SQUARE BLOCK AREA OF MIDTOWN MANHATTAN.

Program Service Accomplishments

Program 1

Expenses: $12,709,372 Revenue: $12,709,372

ALL PROGRAMS ARE PROVIDED BY THE GRAND CENTRAL PARTNERSHIP, INC. (EIN 13-3275810).

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $12,709,372

Investment Income $0

Other Revenue $0

TOTAL REVENUE $12,709,372

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,709,372

Other Expenses $12,709,372

TOTAL EXPENSES $12,709,372

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,709,372	$12,709,372	N/A
Expenses	$12,709,372	$12,709,372	N/A
Net Income	$0	$0	N/A

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$1,744,112

Total Directors

Key Employees

Highest Compensated

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.	5.00	Officer	$0	$26,834	$817,692
ROCHELLE PATRICOF	VP FOR ADMIN & OPERATIONS	5.00	Officer	$0	$57,952	$315,318
ROBERT ADINOLFI	C.F.O. & ASSISTANT TREASURER	5.00	Officer	$0	$61,124	$295,201
MARC WURZEL	GENERAL COUNSEL & ASSISTANT	5.00	Officer	$0	$23,812	$315,901
LINDSAY E EASON	DIR. OF FIELD OPERATIONS	5.00	Highest	$0	$3,308	$168,683
KENT GRZECZKA	DIRECTOR OF CAPITAL MAINTENANCE	5.00	Highest	$0	$43,014	$167,357
ALBERTA ANCRUM	DEPUTY DIR. OF FIELD OPERATION	5.00	Highest	$0	$19,317	$149,029
RYAN PUKOS	DIRECTOR OF DATA & PUBLIC AFFAIRS	5.00	Highest	$0	$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	$12,709,372	$12,709,372	$1,026,394	No data
2024	$12,709,372	$12,709,372	$1,375,933	No data
2023	$12,709,372	$12,709,372	$2,088,757	No data
2022	$12,729,561	$12,729,561	$3,484,616	No data
2021	$12,770,418	$12,770,418	$5,495,084	No data
2020	$12,817,676	$12,817,676	$6,877,820	No data
2019	$12,861,487	$12,861,487	$7,931,686	No data
2018	$12,878,967	$12,878,967	$7,735,960	No data

GRAND CENTRAL DISTRICT MANAGEMENT ASSOCIATION INC