ALLIANCE FOR DOWNTOWN NEW YORK INC

EIN: 133791550 501(c)(3) Community Improvement

NEW YORK, NY

Total Revenue
$24,002,875
Total Expenses
$23,227,026
Total Assets
$25,310,496
Net Assets
$22,579,257
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
NY
Principal Officer
JESSICA LAPPIN
Phone
2125666700
Tax Period
2024-07-01 to 2025-06-30

ALLIANCE FOR DOWNTOWN NEW YORK INC, founded in 1994, is a mid-sized nonprofit in the Community Improvement sector that reported $24.0M in total revenue in fiscal year 2024. Expenses of $23.2M left a modest 3% surplus.

Mission

TO PROVIDE SERVICE, ADVOCACY, RESEARCH AND INFORMATION TO ADVANCE LOWER MANHATTAN AS A GLOBAL MODEL OF A 21ST CENTURY CENTRAL BUSINESS DISTRICT FOR BUSINESSES, RESIDENTS AND VISITORS.

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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 $294,614
Program Service Revenue $22,426,006
Investment Income $1,270,457
Other Revenue $11,798
TOTAL REVENUE $24,002,875

Expense Breakdown

Grants Paid $12,325
Salaries & Benefits $8,130,094
Fundraising Expenses $55,581
Program Expenses $21,255,182
Other Expenses $15,084,607
TOTAL EXPENSES $23,227,026

Year-over-Year Comparison

2024 2023 Change
Revenue $24,002,875 $23,639,640 +0.0%
Expenses $23,227,026 $22,627,632 +0.0%
Net Income $775,849 $1,012,008 -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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Liquidity & Cash Position

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Governance

Voting Members
40
Independent Members
40
Employees
79
Volunteers
40

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
5
$1,066,639
Total Directors
42
$0
Key Employees
2
$549,901
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RIC CLARK CHAIRPERSON 2.00
Officer Director
$0 $0 $0
JEREMY MOSS SECRETARY 1.00
Officer Director
$0 $0 $0
ALLAN G SPERLING TREASURER 1.00
Officer Director
$0 $0 $0
JASON BEREN DIRECTOR (STARTED 11/19/24) 0.50
Director
$0 $0 $0
CHARMAINE MANGAROO DIRECTOR, APPOINTED BY ERIC ADAMS 0.50
Director
$0 $0 $0
REV MICHAEL A BIRD DIRECTOR (LEFT 11/19/24) 0.50
Director
$0 $0 $0
GEOFFREY BOULTER DIRECTOR 0.50
Director
$0 $0 $0
BETTY COHEN DIRECTOR 0.50
Director
$0 $0 $0
TOM COSTANZO DIRECTOR 0.50
Director
$0 $0 $0
K THOMAS ELGHANAYAN DIRECTOR 0.50
Director
$0 $0 $0
LUCY FATO DIRECTOR (STARTED 11/19/24) 0.50
Director
$0 $0 $0
DAVID V FOWLER DIRECTOR 0.50
Director
$0 $0 $0
BRETT GREENBERG DIRECTOR 0.50
Director
$0 $0 $0
FRANCIS J GREENBURGER DIRECTOR 0.50
Director
$0 $0 $0
DANIEL HAIMOVIC DIRECTOR (LEFT 11/19/24) 0.50
Director
$0 $0 $0
CALLIE HAINES DIRECTOR 0.50
Director
$0 $0 $0
ELIZABETH L HILLMAN DIRECTOR 0.50
Director
$0 $0 $0
THOMAS M HUGHES DIRECTOR 0.50
Director
$0 $0 $0
JONATHAN IGER DIRECTOR 0.50
Director
$0 $0 $0
REV PHILLIP A JACKSON DIRECTOR (STARTED 11/19/24) 0.50
Director
$0 $0 $0
MARVIN KRISLOV DIRECTOR 0.50
Director
$0 $0 $0
SARAH MIYAZAWA LAFLEUR DIRECTOR 0.50
Director
$0 $0 $0
MEGAN FLYNN DIRECTOR, APPOINTED BY BRAD LANDER 0.50
Director
$0 $0 $0
ANITA LAREMONT DIRECTOR 0.50
Director
$0 $0 $0
RUSSELL MURPHY DIRECTOR, APPOINTED BY MARK LEVINE 0.50
Director
$0 $0 $0
MAX DEUTSCH DIRECTOR, APPOINTED BY CHRIS MARTE 0.50
Director
$0 $0 $0
NICHOLAS MARTIN DIRECTOR 0.50
Director
$0 $0 $0
TAMMY MELTZER DIRECTOR 0.50
Director
$0 $0 $0
DR ANTHONY MUNROE DIRECTOR 0.50
Director
$0 $0 $0
DAN PALINO DIRECTOR 0.50
Director
$0 $0 $0
EDWARD V PICCINICH DIRECTOR 0.50
Director
$0 $0 $0
PETER A POULAKAKOS DIRECTOR 0.50
Director
$0 $0 $0
CYNTHIA ROJAS SEJAS DIRECTOR 0.50
Director
$0 $0 $0
JOEL ROSEN DIRECTOR 0.50
Director
$0 $0 $0
TODD SCHWARTZ DIRECTOR 0.50
Director
$0 $0 $0
FRANK J SCIAME DIRECTOR 0.50
Director
$0 $0 $0
ED SPADE DIRECTOR 0.50
Director
$0 $0 $0
BRIAN R STEINWURTZEL DIRECTOR 0.50
Director
$0 $0 $0
KENT M SWIG DIRECTOR 0.50
Director
$0 $0 $0
MATTHEW VAN BUREN DIRECTOR 0.50
Director
$0 $0 $0
JOHN WHEELER DIRECTOR 0.50
Director
$0 $0 $0
JOLENE YEATS DIRECTOR 0.50
Director
$0 $0 $0
JESSICA LAPPIN PRESIDENT 40.00
Officer
$559,269 $83,984 $762,253
MARK QUINN CFO AND SVP OF ADMIN 40.00
Officer
$283,325 $16,061 $304,386
ANDREW BRESLAU SVP COMMUNICATIONS AND MARKETING 40.00
Key Emp
$280,639 $25,361 $306,000
RON WOLFGANG SVP OPERATIONS 40.00
Key Emp
$231,627 $12,274 $243,901
MICHAEL KETRING GENERAL COUNSEL 40.00
Highest
$212,096 $10,588 $225,184
JOSHUA NACHOWITZ SVP RESEARCH AND ECONOMIC DEV 40.00
Highest
$217,313 $21,807 $239,120
TAINA PRADO CHIEF OF STAFF 40.00
Highest
$171,927 $29,654 $211,581
NANCY CASCELLA GENERAL COUNSEL 40.00
Highest
$159,520 $17,350 $179,370
DANIEL GIACOMAZZA VP COMMUNICATIONS & MARKETING 40.00
Highest
$150,143 $26,489 $176,632
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 $24,002,875 $23,227,026 $25,310,496 $775,849
2024 No data No data No data No data
2023 $23,731,187 $21,710,279 $26,517,982 $2,020,908
2022 $22,676,926 $21,320,184 $21,977,509 $1,356,742
2021 $22,494,008 $20,040,784 $19,570,349 $2,453,224
2020 $23,705,572 $20,548,279 $16,966,430 $3,157,293
2019 $24,088,466 $20,925,107 $13,693,199 $3,163,359
2018 $18,883,579 $20,213,748 $10,637,839 $-1,330,169
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