GRAND CENTRAL DISTRICT MANAGEMENT ASSOCIATION INC

EIN: 133520221 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$12,709,372
Total Expenses
$12,709,372
Total Assets
$1,026,394
Net Assets
N/A
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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
NY
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

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 $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

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Governance

Voting Members
38
Independent Members
32
Employees
N/A
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. 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
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