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Nonprofiteer
← 34TH STREET PARTNERSHIP INC

Form 990 for tax year 2022

Filed by 34TH STREET PARTNERSHIP INC.

Totals

Total revenue
$14,549,695
Total expenses
$14,527,014
Contributions and grants received
$234,898
Grants paid
$0
Program service revenue
$14,199,890
Investment income
$114,907
Other revenue
$0
Total assets, end of year
$13,438,729
Total liabilities, end of year
$5,877,790
Net assets or fund balances, end of year
$7,560,939
Program services expenses (Part IX)
$13,086,877
Management and general expenses
$1,440,137
Fundraising expenses
$0
Program service expenses (Part III)
$13,086,877

Program services were 90.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $234,898

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Assessments

    total $13,000,000 · related or exempt $13,000,000 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Park concession license fees

    total $330,644 · related or exempt $330,644 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Parks and Plazas use fees

    total $404,354 · related or exempt $404,354 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Reimbursed services

    total $226,298 · related or exempt $226,298 · unrelated business $0 · excluded $0

  • 2e · Program service revenue: Lightpole and visitor service cart royalties

    total $238,594 · related or exempt $238,594 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $114,907 · related or exempt $0 · unrelated business $0 · excluded $114,907

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,090,315 · program services $520,375 · management and general $569,940 · fundraising $0

  • 7 · Other salaries and wages

    total $6,119,999 · program services $5,804,278 · management and general $315,721 · fundraising $0

  • 8 · Pension plan contributions

    total $164,125 · program services $146,143 · management and general $17,982 · fundraising $0

  • 9 · Other employee benefits

    total $1,283,003 · program services $1,224,303 · management and general $58,700 · fundraising $0

  • 10 · Payroll taxes

    total $582,999 · program services $529,702 · management and general $53,297 · fundraising $0

  • 11a · Fees: management

    total $123,267 · program services $123,267 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $44,512 · program services $43,373 · management and general $1,139 · fundraising $0

  • 11c · Fees: accounting

    total $60,488 · program services $0 · management and general $60,488 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $1,018,851 · program services $947,731 · management and general $71,120 · fundraising $0

  • 12 · Advertising and promotion

    total $22,348 · program services $18,055 · management and general $4,293 · fundraising $0

  • 13 · Office expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $4,237 · program services $3,909 · management and general $328 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $692,718 · program services $588,244 · management and general $104,474 · fundraising $0

  • 17 · Travel

    total $19,173 · program services $6,653 · management and general $12,520 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $10,980 · program services $9,119 · management and general $1,861 · fundraising $0

  • 20 · Interest

    total $37,024 · program services $37,024 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $1,210,289 · program services $1,209,397 · management and general $892 · fundraising $0

  • 23 · Insurance

    total $774,252 · program services $668,927 · management and general $105,325 · fundraising $0

  • 24a · Other expenses: Supplies and equipment

    total $677,302 · program services $662,589 · management and general $14,713 · fundraising $0

  • 24b · Other expenses: Repairs and maintenance

    total $489,041 · program services $484,936 · management and general $4,105 · fundraising $0

  • 24c · Other expenses: Dues and subscriptions

    total $48,869 · program services $14,828 · management and general $34,041 · fundraising $0

  • 24d · Other expenses: Communications

    total $40,034 · program services $36,811 · management and general $3,223 · fundraising $0

  • 24e · All other expenses

    total $13,188 · program services $7,213 · management and general $5,975 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $148,496 · end of year $32,706

  • 2 · Savings and temporary cash investments

    beginning of year $1,770,805 · end of year $1,196,590

  • 4 · Accounts receivable

    beginning of year $80,743 · end of year $94,604

  • 9 · Prepaid expenses and deferred charges

    beginning of year $279,663 · end of year $396,552

  • 10a · Land, buildings and equipment: cost or other basis

    $31,228,905

  • 10b · Land, buildings and equipment: accumulated depreciation

    $22,759,024

  • 10c · Land, buildings and equipment, net

    beginning of year $9,424,183 · end of year $8,469,881

  • 15 · Other assets

    beginning of year $3,877,838 · end of year $3,248,396

  • 17 · Accounts payable and accrued expenses

    beginning of year $983,756 · end of year $1,212,114

  • 20 · Tax-exempt bond liabilities

    beginning of year $1,267,333 · end of year $1,155,106

  • 23 · Secured mortgages and notes payable

    beginning of year $1,654,120 · end of year $0

  • 25 · Other liabilities

    beginning of year $4,138,261 · end of year $3,510,570

  • 27 · Net assets without donor restrictions

    beginning of year $7,538,258 · end of year $7,560,939

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

Provide services and improvements intended to enhance the commercial and physical environment for people who work and live within, or visit, the 34th Street district in Manhattan. The services provided, pursuant to a contract with the NYC Department of Small Business Services, include sanitation, security, horticulture, visitor information, programming and management of public parks and pedestrian plazas, as well as, designing, constructing and maintaining streetscape and park improvements.

Activities or mission (Part I)

Improve the commercial and physical environment within New York City's 34th Street district by providing the highest quality supplemental urban services and streetscape improvements, including sanitation, security, horticulture, visitor information, programming and management of public parks and pedestrian plazas, as well as the designing, constructing and maintaining streetscape and park improvements.

  • 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 crosswalks, bus shelters and public spaces, and clean and paint streetscape elements throughout the district.

    Expenses $4,738,104

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

    Expenses $3,046,565 · Revenue $114,000

  • 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 expenses include interest and other charges related to the debt issued to finance improvements, as well as, the depreciation of improvements.

    Expenses $2,295,945

  • Other program services include the programming and management of public spaces - Herald and Greeley Square Parks and the adjacent Broadway pedestrian plazas - seasonal horticultural displays in district tree pits, planters, elevated baskets and park planting beds, manned visitor service and tourist information carts, retail services and promotion of the district, its programs and businesses.

    Expenses $3,006,263 · Revenue $1,199,890

As filed on the 2022 return.

Listed in Part VII

  • Daniel A Biederman

    President

    Total calculated
    $976,390
    From this org
    $417,493
    From related orgs
    $517,009
    Other
    $41,888
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $417,493 + $517,009 related
    Bonus
    $0
    Other
    $0
    Deferred
    $4,575 + $4,575 related
    Nontaxable benefits
    $16,369 + $16,369 related
    Filer's total
    $438,437 + $537,953 related

  • Peter Ciriello

    Controller & CFO

    Total calculated
    $316,072
    From this org
    $152,447
    From related orgs
    $154,475
    Other
    $9,150
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $152,447 + $154,475 related
    Bonus
    $0
    Other
    $0
    Deferred
    $4,575 + $4,575 related
    Nontaxable benefits
    $0
    Filer's total
    $157,022 + $159,050 related

  • Dan Pisark

    VP Retail Services

    Total calculated
    $284,128
    From this org
    $172,138
    From related orgs
    $94,170
    Other
    $17,820
    Hours/week
    32 + 18 related

    Schedule J breakdown matched by us

    Base
    $172,138 + $94,170 related
    Bonus
    $0
    Other
    $0
    Deferred
    $5,275 + $2,841 related
    Nontaxable benefits
    $6,308 + $3,397 related
    Filer's total
    $183,721 + $100,408 related

  • Kevin Ward

    Former VP Security

    Total calculated
    $259,373
    From this org
    $168,184
    From related orgs
    $83,630
    Other
    $7,559
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $168,184 + $83,630 related
    Bonus
    $0
    Other
    $0
    Deferred
    $4,947 + $2,558 related
    Nontaxable benefits
    $37 + $19 related
    Filer's total
    $173,168 + $86,207 related

  • Marc Boddewyn

    VP Capital Projects

    Total calculated
    $235,517
    From this org
    $110,358
    From related orgs
    $118,109
    Other
    $7,050
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $110,358 + $118,109 related
    Bonus
    $0
    Other
    $0
    Deferred
    $3,450 + $3,600 related
    Nontaxable benefits
    $0
    Filer's total
    $113,808 + $121,709 related

  • Kaitlin Solomon

    VP Operations

    Total calculated
    $188,351
    From this org
    $69,695
    From related orgs
    $114,543
    Other
    $4,113
    Hours/week
    20 + 30 related

    Schedule J breakdown matched by us

    Base
    $69,695 + $114,543 related
    Bonus
    $0
    Other
    $0
    Deferred
    $1,454 + $2,178 related
    Nontaxable benefits
    $193 + $289 related
    Filer's total
    $71,342 + $117,010 related

  • Donald Bussolini

    Former Senior Project Director

    Total calculated
    $172,782
    From this org
    $15,744
    From related orgs
    $148,397
    Other
    $8,641
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $15,744 + $148,397 related
    Bonus
    $0
    Other
    $0
    Deferred
    $429 + $4,088 related
    Nontaxable benefits
    $412 + $3,711 related
    Filer's total
    $16,585 + $156,196 related

  • Eric Mueller

    Director Graphic Design

    Total calculated
    $170,760
    From this org
    $14,160
    From related orgs
    $130,068
    Other
    $26,532
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $14,160 + $130,068 related
    Bonus
    $0
    Other
    $0
    Deferred
    $441 + $4,168 related
    Nontaxable benefits
    $2,192 + $19,730 related
    Filer's total
    $16,793 + $153,966 related

  • Inessa Kanevskaya

    Deputy Controller

    Total calculated
    $169,262
    From this org
    $76,075
    From related orgs
    $78,676
    Other
    $14,511
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $76,075 + $78,676 related
    Bonus
    $0
    Other
    $0
    Deferred
    $2,433 + $2,433 related
    Nontaxable benefits
    $4,823 + $4,823 related
    Filer's total
    $83,331 + $85,932 related

  • Vincent Degennaro

    Chief of Sanitation

    Total calculated
    $158,671
    From this org
    $152,549
    From related orgs
    $0
    Other
    $6,122
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $152,549
    Bonus
    $0
    Other
    $0
    Deferred
    $3,698
    Nontaxable benefits
    $2,424
    Filer's total
    $158,671

  • Quentin Robbins

    VP Visitor Services

    Total calculated
    $157,116
    From this org
    $47,866
    From related orgs
    $71,589
    Other
    $37,661
    Hours/week
    20 + 30 related

    Schedule J breakdown matched by us

    Base
    $47,866 + $71,589 related
    Bonus
    $0
    Other
    $0
    Deferred
    $1,606 + $2,560 related
    Nontaxable benefits
    $13,398 + $20,097 related
    Filer's total
    $62,870 + $94,246 related

  • John Zeitoun

    Director of Partnerships

    Total calculated
    $124,381
    From this org
    $31,313
    From related orgs
    $79,945
    Other
    $13,123
    Hours/week
    15 + 35 related

    Schedule J breakdown matched by us

    Base
    $31,313 + $79,945 related
    Bonus
    $0
    Other
    $0
    Deferred
    $983 + $2,500 related
    Nontaxable benefits
    $2,892 + $6,749 related
    Filer's total
    $35,188 + $89,194 related

  • David Martin

    Former Project Director

    Total calculated
    $123,950
    From this org
    $113,873
    From related orgs
    $0
    Other
    $10,077
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $113,873
    Bonus
    $0
    Other
    $0
    Deferred
    $3,681
    Nontaxable benefits
    $6,396
    Filer's total
    $123,950

  • Andrew Bauman

    Class A Director

    Total calculated
    $0
    Hours/week
    0.1

  • Deborah Brause Bunder

    Class A Director

    Total calculated
    $0
    Hours/week
    0.1

  • Andrew Burnett

    Class A Director

    Total calculated
    $0
    Hours/week
    0.1

  • Alan B Chun

    Class A Director

    Total calculated
    $0
    Hours/week
    0.2

  • Scott Domansky

    Class A Director

    Total calculated
    $0
    Hours/week
    0.1

  • Jared L Epstein

    Class A Director

    Total calculated
    $0
    Hours/week
    0.1

  • Hal Fetner

    Class A Director

    Total calculated
    $0
    Hours/week
    0.1

  • Joel G Fisher

    Class A Director

    Total calculated
    $0
    Hours/week
    0.1

  • Dr Robin Garrell

    Class A Director

    Total calculated
    $0
    Hours/week
    0.1

  • Eric Gural

    Class A Director

    Total calculated
    $0
    Hours/week
    0.2

  • Stephen D Haymes

    Class A Director

    Total calculated
    $0
    Hours/week
    0.1

  • Michael Hirschhorn

    Class A Director

    Total calculated
    $0
    Hours/week
    0.2

  • Louis Jerome

    Class A Director

    Total calculated
    $0
    Hours/week
    0.1

  • Peter Levenson

    Class A Director

    Total calculated
    $0
    Hours/week
    0.2

  • James Lewis

    Class A Director

    Total calculated
    $0
    Hours/week
    0.2

  • Ephram Lustgarten

    Class A Director

    Total calculated
    $0
    Hours/week
    0.1

  • Peter L Malkin

    Class A Director

    Total calculated
    $0
    Hours/week
    0.3

  • Frank McCreary

    Class A Director

    Total calculated
    $0
    Hours/week
    0.1

  • Charles Miller

    Class A Director

    Total calculated
    $0
    Hours/week
    0.2

  • Berndt Perl

    Class A Director

    Total calculated
    $0
    Hours/week
    0.1

  • Ann Peterson

    Class A Director

    Total calculated
    $0
    Hours/week
    0.1

  • Edward Piccinich

    Class A Director

    Total calculated
    $0
    Hours/week
    0.1

  • Andrew S Ratner

    Class A Director

    Total calculated
    $0
    Hours/week
    0.2

  • Alan Schall

    Class A Director

    Total calculated
    $0
    Hours/week
    0.1

  • Sue Stecich

    Class A Director

    Total calculated
    $0
    Hours/week
    0.1

  • Greg Sutherland

    Class A Director

    Total calculated
    $0
    Hours/week
    0.1

  • Kenneth Walsh

    Class A Director

    Total calculated
    $0
    Hours/week
    0.1

  • Glen J Weis

    Class A Director

    Total calculated
    $0
    Hours/week
    0.2

  • Andrea Arce

    Class B Director

    Total calculated
    $0
    Hours/week
    0.1

  • Ash Bhasin

    Class B Director

    Total calculated
    $0
    Hours/week
    0.1

  • Mark Centoducati

    Class B Director

    Total calculated
    $0
    Hours/week
    0.1

  • Lorraine Collins

    Class B Director

    Total calculated
    $0
    Hours/week
    0.1

  • Jonathan Coun

    Class B Director

    Total calculated
    $0
    Hours/week
    0.1

  • Heather Cruz

    Class B Director

    Total calculated
    $0
    Hours/week
    0.1

  • Eli Daskal

    Class B Director

    Total calculated
    $0
    Hours/week
    0.1

  • David Golab

    Class B Director

    Total calculated
    $0
    Hours/week
    0.1

  • Patrick Kinzler

    Class B Director

    Total calculated
    $0
    Hours/week
    0.1

  • Thomas King

    Class B Director

    Total calculated
    $0
    Hours/week
    0.1

  • Jason Lerner

    Class B Director

    Total calculated
    $0
    Hours/week
    0.1

  • John C McGinley

    Class B Director

    Total calculated
    $0
    Hours/week
    0.1

  • Brian Moroz

    Class B Director

    Total calculated
    $0
    Hours/week
    0.1

  • Carolyn Nagler

    Class B Director

    Total calculated
    $0
    Hours/week
    0.1

  • Penry Price

    Class B Director

    Total calculated
    $0
    Hours/week
    0.1

  • Scorpio Rogers

    Class B Director

    Total calculated
    $0
    Hours/week
    0.1

  • Howard Rothschild

    Class B Director

    Total calculated
    $0
    Hours/week
    0.1

  • Michael J Sweeney

    Class B Director

    Total calculated
    $0
    Hours/week
    0.1

  • Martin Whelan

    Class B Director

    Total calculated
    $0
    Hours/week
    0.1

  • James Winter

    Class B Director

    Total calculated
    $0
    Hours/week
    0.1

  • Eric Yu

    Class B Director

    Total calculated
    $0
    Hours/week
    0.1

  • William Thornton

    Class C Director

    Total calculated
    $0
    Hours/week
    0.1

  • Hon Brad Lander

    Class D Director

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Hon Erik Bottcher

    Class D Director

    Total calculated
    $0
    Hours/week
    0.1

  • Hon Mark Levine

    Class D Director

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Hon Kevin Kim

    Class D Director

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Kevin S Corbett

    Class E Director

    Total calculated
    $0
    Hours/week
    0.1

  • Rob Free

    Class E Director

    Total calculated
    $0
    Hours/week
    0.1

  • Jeffrey LaFrancois

    Class E Director

    Total calculated
    $0
    Hours/week
    0.1

  • Vikki Barbero

    Class E Director

    Total calculated
    $0
    Hours/week
    0.1 + 0.2 related

  • Kyle Athayde

    Class E Director

    Total calculated
    $0
    Hours/week
    0.1

  • Gaston Silva

    Chairman

    Total calculated
    $0
    Hours/week
    0.5

  • Steven J Kaufman

    Secretary

    Total calculated
    $0
    Hours/week
    0.3

  • Martin Meyer

    Treasurer

    Total calculated
    $0
    Hours/week
    0.3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
30 April 2024
IRS schema version
2022v5.0
Source object
202431239349302433

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