34th Street Partnership Inc

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

Daniel A Biederman

Phone

2127193434

Tax Period

2024-07-01 to 2025-06-30

34th Street Partnership Inc, founded in 1991, is a mid-sized nonprofit in the Community Improvement sector that reported $17.0M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

Improve the commercial and physical environment within New York Citys 34th Street district by providing the highest quality supplemental urban services and streetscape improvements, including the programming and management of public parks and pedestrian plazas.

Program Service Accomplishments

Program 1

Expenses: $5,002,311

Sanitation and special maintenance: uniformed sweepers pick up litter, clean gutters, empty trash cans, remove graffiti and stickers, clean and service park restrooms, clear snow from cross walks...

Sanitation and special maintenance: uniformed sweepers pick up litter, clean gutters, empty trash cans, remove graffiti and stickers, clean and service park restrooms, clear snow from cross walks, bus shelters and public spaces, and clean and paint streetscape elements throughout the district.

Program 2

Expenses: $3,566,214

Security and taxi dispatch: uniformed security officers patrol the district to deter crime, protect property, assist visitors and residents, and report incidents to the NYPD. Taxi dipatchers monitor lines of waiting patrons and taxi cabs at three taxi stands adjacent to Penn and Moynihan Stations and Madison Square Garden.

Program 3

Expenses: $2,525,741

Capital projects: streetscape improvements are designed, built and maintained in accordance with the urban design plan of the 34th Street district. Improvements include, but are not limited to...

Capital projects: streetscape improvements are designed, built and maintained in accordance with the urban design plan of the 34th Street district. Improvements include, but are not limited to signature granite sidewalk corners, distinctive light poles, illuminated street name signs, tree pits, framed traffic control and parking regulation signs, benches, bike racks, park concession and restroom buildings, custom street planters and trash cans. Capital project expenditures include interest and other charges related to the debt issued to finance improvements, as well as the depreciation of those improvements.

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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 $441,248

Program Service Revenue $16,416,594

Investment Income $114,815

Other Revenue $2,000

TOTAL REVENUE $16,974,657

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,547,123

Fundraising Expenses $0

Program Expenses $15,122,672

Other Expenses $6,391,061

TOTAL EXPENSES $16,938,184

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,974,657	$14,549,695	+0.2%
Expenses	$16,938,184	$14,527,014	+0.2%
Net Income	$36,473	$22,681	+0.6%

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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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

219

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

$1,437,361

Total Directors

$1,094,316

Key Employees

$1,016,534

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Daniel A Biederman	President	25.00	Officer Director	$453,248	$51,218	$1,094,316
Peter Ciriello	Controller & CFO	25.00	Officer	$165,383	$11,239	$343,045
Dan Pisark	VP Retail Services	32.50	Key Emp	$181,549	$19,193	$300,141
Marc Boddewyn	VP Capital Projects	25.00	Key Emp	$130,083	$7,145	$270,362
Brian McGinn	VP Security	33.00	Key Emp	$148,094	$6,732	$231,117
Kaitlin Solomon	VP Operations	20.00	Key Emp	$59,397	$4,402	$214,914
Eric Mueller	Director of Graphic Design	5.00	Highest	$15,848	$30,040	$190,055
Inessa Kanevskaya	Deputy Controller	25.00	Highest	$83,370	$15,710	$185,465
Quentin Robbins	VP Visitor Services	20.00	Highest	$56,318	$40,897	$181,055
Dan Fishman	Director of Events	10.00	Highest	$29,089	$31,405	$174,700
John Zeitoun	Director of Partnerships	14.00	Highest	$42,580	$15,827	$165,021
Rachel Zurier	Director of Operations	12.50	Highest	$37,710	$4,649	$159,863
Gaston Silva	Chairman	0.50	Officer Director	$0	$0	$0
Steven J Kaufman	Secretary	0.30	Officer Director	$0	$0	$0
Martin Meyer	Treasurer	0.30	Officer Director	$0	$0	$0
Deborah Brause Bunder	Class A Director	0.10	Director	$0	$0	$0
Andrew Burnett	Class A Director	0.10	Director	$0	$0	$0
Scott Domansky	Class A Director	0.10	Director	$0	$0	$0
Jared L Epstein	Class A Director	0.10	Director	$0	$0	$0
Hal Fetner	Class A Director	0.10	Director	$0	$0	$0
Joel G Fisher	Class A Director	0.10	Director	$0	$0	$0
Robin Garrell	Class A Director	0.10	Director	$0	$0	$0
Eric M Gural	Class A Director	0.20	Director	$0	$0	$0
Stephen D Haymes	Class A Director	0.10	Director	$0	$0	$0
Michael Hirschhorn	Class A Director	0.20	Director	$0	$0	$0
Louis Jerome	Class A Director	0.10	Director	$0	$0	$0
Cy Kouhestani	Class A Director	0.10	Director	$0	$0	$0
Peter Levenson	Class A Director	0.10	Director	$0	$0	$0
James Lewis	Class A Director	0.20	Director	$0	$0	$0
Peter L Malkin	Class A Director	0.20	Director	$0	$0	$0
Frank McCreary	Class A Director	0.10	Director	$0	$0	$0
Charles Miller	Class A Director	0.20	Director	$0	$0	$0
Berndt Perl	Class A Director	0.10	Director	$0	$0	$0
Ann Peterson	Class A Director	0.10	Director	$0	$0	$0
Edward Piccinich	Class A Director	0.10	Director	$0	$0	$0
Andrew S Ratner	Class A Director	0.20	Director	$0	$0	$0
Franco Rauseo	Class A Director	0.10	Director	$0	$0	$0
Alan Schall	Class A Director	0.10	Director	$0	$0	$0
Sue Stecich	Class A Director	0.10	Director	$0	$0	$0
Greg Sutherland	Class A Director	0.20	Director	$0	$0	$0
Kenneth Walsh	Class A Director	0.10	Director	$0	$0	$0
Glen J Weiss	Class A Director	0.20	Director	$0	$0	$0
Andrea Arce	Class B Director	0.10	Director	$0	$0	$0
Ash Bhasin	Class B Director	0.10	Director	$0	$0	$0
Mark Centoducati	Class B Director	0.10	Director	$0	$0	$0
Lorraine Collins	Class B Director	0.10	Director	$0	$0	$0
Heather Cruz	Class B Director	0.10	Director	$0	$0	$0
Eli Daskal	Class B Director	0.10	Director	$0	$0	$0
Bennet Dunkley	Class B Director	0.10	Director	$0	$0	$0
Billy Harnett	Class B Director	0.10	Director	$0	$0	$0
Thomas King	Class B Director	0.10	Director	$0	$0	$0
Jason Lerner	Class B Director	0.10	Director	$0	$0	$0
John C McGinley	Class B Director	0.10	Director	$0	$0	$0
Carolyn Nagler	Class B Director	0.10	Director	$0	$0	$0
Howard Rothschild	Class B Director	0.10	Director	$0	$0	$0
Michael J Sweeney	Class B Director	0.10	Director	$0	$0	$0
Martin Whelan	Class B Director	0.10	Director	$0	$0	$0
Eric Yu	Class B Director	0.10	Director	$0	$0	$0
William Thornton	Class C Director	0.10	Director	$0	$0	$0
Brad Hoylman-Sigal	Class D Director	0.10	Director	$0	$0	$0
Julie Menin	Class D Director	0.10	Director	$0	$0	$0
Mark Levine	Class D Director	0.10	Director	$0	$0	$0
Kenny Minaya	Class D Director	0.10	Director	$0	$0	$0
Kevin S Corbett	Class E Director	0.10	Director	$0	$0	$0
Rob Free	Class E Director	0.10	Director	$0	$0	$0
Jessica Chait	Class E Director	0.10	Director	$0	$0	$0
Bradley Sherburne	Class E Director	0.10	Director	$0	$0	$0
Sandra McKee	Class E Director	0.10	Director	$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	$16,974,657	$16,938,184	$11,794,328	$36,473
2024	$14,697,049	$15,409,147	$11,984,563	$-712,098
2023	$14,549,695	$14,527,014	$13,438,729	$22,681
2022	$15,589,751	$13,703,463	$15,581,728	$1,886,288
2021	$14,359,330	$12,711,544	$17,652,180	$1,647,786
2020	$14,182,517	$13,146,659	$15,665,539	$1,035,858
2019	$14,029,638	$13,961,001	$15,806,428	$68,637
2018	$14,174,965	$13,881,499	$16,691,049	$293,466