Grand Central District Management Association Inc.

“Property owners, commercial tenants, and residents are eligible for free membership by filling out a registration card or form.”

“Members elect the board of directors at every other annual meeting. Members may fill vacancies or remove a board member at any annual or regular membership meeting.”

“The 990 has been reviewed by a group of persons authorized to review financial and audit matters prior to filing. The final 990 (filed with the irs) will be available at the next meeting of the board for inspection. In addition, upon request of any boardmember, a copy will be provided. If there are any material changes, an amended 990 will be filed.”

“The organization enforces the conflict of interest policy by monitoring known relationships, questionnaires, and noting any changes in disclosed information.”

“This review includes researching guidestar, 990s, ny non-profit network annual salary survey, phone calls to other organizations to collect data.”

“Financial statements are available on the organization's website, other documents are made available to the public upon request.”

“The organization leases space owned by the city of ny under the pershing square viaduct which was developed for the operation of a restaurant. The organization pays rent, additional rent, and makes a payment in lieu of taxes (pilot) to the city under the lease. Representatives of the city serve as directors of this organization. The organization uses space in the main concourse of grand central terminal, and in the grand central neighborhood alliance office that is under the control of the metropolitan transportation authority (mta). The chairman and ceo of the mta serves as a director of this organization. Additionally, the organization rented space in grand central terminal for a special event.”

“Gcp-gcdma relationship pursuant to a management agreement dated july 1991 between grand central district management association (gcdma) and grand central partnership (gcp), gcdma retains gcp to administer the required supplemental services, and turns over all assessment revenues to gcp to finance the delivery of such services in the grand central business improvement district.”