Overview
What is Grand Central District Management Association Inc?
The Grand Central District Management Association Inc, located in New York City, is a nonprofit organization focused on promoting the vigor and economic expansion of a Business Improvement District in Midtown Manhattan. Through supplemental public safety, sanitation, streetscape improvement, visitor information, and business support services, they cater to the needs of property owners, businesses, and residents within a 70-square-block area. Their initiatives encompass marketing and special events, enhancing the overall environment and attractiveness of the district.
What are the reviews and ratings of this charity?
Charity Navigator rating: 79% (Three-Star out of Four Star rating)
The Grand Central District Management Association Inc has received a solid Three-Star rating from Charity Navigator, indicating a good level of accountability and financial management. The rating is based entirely on the accountability and finance beacon, reflecting the organization's commitment to transparency and ethical practices. With a score of 79%, they demonstrate competence in managing resources effectively.
One of the strengths of this nonprofit is the majority of its board members being independent, with 82% of its members meeting this criterion. Additionally, the organization has a robust audit and oversight committee, and it adheres to policies concerning conflict of interest, whistleblower protections, and document retention. These elements contribute to the overall accountability of the organization, ensuring that it operates with integrity.
On the financial side, the Grand Central District Management Association Inc has an impressive program expense ratio of 100%, meaning that all expenses are directed toward its programs rather than administrative costs. While the rating reflects strengths in governance and financial practices, some stakeholders may look for additional information regarding the organization's impact and program effectiveness beyond these metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Grand Central District Management Association Inc legitimate?
Grand Central District Management Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grand Central District Management Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Grand Central District Management Association Inc?
The Grand Central District Management Association Inc is dedicated to fostering the vibrancy and economic growth of a Business Improvement District. Through its efforts, this organization contributes to the well-being of property owners, businesses, and residents within a 70 square block area. Their initiatives encompass supplemental public safety, sanitation, streetscape improvement, visitor information, and business support services. These offerings include marketing and special events, all provided by the Grand Central Partnership, Inc.
Who is the CEO of Grand Central District Management Association Inc?
Alfred C Cerullo Iii is the Chair of Grand Central District Management Association Inc. The CEO's salary of Grand Central District Management Association Inc is $0 and their total compensation is $536,403.
What is the revenue of Grand Central District Management Association Inc?
Grand Central District Management Association Inc's revenue in 2022 was $12,729,561.
Who are the executives of Grand Central District Management Association Inc and what are their salaries?
There 28 volunteers at Grand Central District Management Association Inc.
Here are 44 key members and their salaries (Grand Central District Management Association Inc's CEO's salary is $0 and their total compensation is $536,403):
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- Related: $153,105
- Other: $14,343
Where can I find the form 990 for Grand Central District Management Association Inc?
Grand Central District Management Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Grand Central District Management Association Inc
The Grand Central District Management Association Inc is a dynamic organization dedicated to fostering the vibrancy and economic growth of a Business Improvement District (BID) in New York City. In simple terms, its mission is to enhance the quality of life and promote the well-being of property owners, businesses, and residents within a 70-square-block area.
The Grand Central Partnership, as it is also known, is a pivotal figure in this neighborhood, offering a multifaceted approach to improvements. Its efforts encompass supplemental public safety, sanitation, and streetscape enhancements. These initiatives aim to maintain a clean, secure, and aesthetically pleasing environment for all who live, work, or visit the area.
Furthermore, the Partnership offers valuable visitor information and business support services. Through marketing and special events, it attracts foot traffic and boosts the economic vitality of the district. Additionally, it provides essential services such as marketing and event planning to help businesses thrive and maximize their potential. The Grand Central District Management Association Inc is the driving force behind these initiatives, dedicated to uplifting and supporting its community members.
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Impact
October, 2024
Grand Central District Management Association Inc plays a crucial role in enhancing the vitality and economic growth of the Grand Central business improvement district in New York City. Its initiatives, carried out by the Grand Central Partnership, significantly contribute to the area's appeal and functionality.
By providing supplemental public safety and sanitation services, the Association ensures a clean and safe environment for property owners, businesses, and residents. This creates a welcoming atmosphere that attracts visitors and potential customers, fostering increased foot traffic and economic activity.
Additionally, the organization focuses on streetscape improvements, enhancing the visual and functional quality of public spaces. These enhancements not only beautify the area but also promote a sense of community and belonging among residents and workers.
The visitor information services and business support programs, including targeted marketing and special events, are instrumental in promoting local businesses. By showcasing the unique offerings of the district, these initiatives help local entrepreneurs thrive, stimulating further economic development.
Overall, the Grand Central District Management Association Inc makes a significant impact by creating a vibrant, attractive, and economically viable environment in one of New York City's most iconic neighborhoods.
This information is meant to be a general summary of Grand Central District Management Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $20,189
- Program Service Revenue: $12,709,372
- Gross Receipts: $12,729,561
Assets and Liabilities:
- Total Assets: $3,484,616
- Total Liabilities: $3,484,616
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TAX ASSESSMENTS
Revenue
$12,709,372
Organization Details
Founding Year
1988
Phone
(212) 883-2420Principal Officer
Alfred C Cerullo Iii
Main Address
122 EAST 42ND STREET 601, NEW YORK, NY, 10168
NTEE Category
Code: L20Z - Housing
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