Civic Intelligence

Alliance for Downtown New York Inc

EIN 13-3791550 • 501(c)3 • New York, NY

Profile

The mission of the alliance is 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. (cont. Sch. O)

120 Broadway 3340New York, NY 10271

www.downtownny.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

43rd percentile

0.15x

Higher debt load relative to assets than 43% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

36th percentile

0.16x

Higher debt load relative to revenue than 36% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

50th percentile

4.3%

Higher net margin than 50% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

89th percentile

$700,110

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

19th percentile

-3.3%

Faster asset growth than 19% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

31st percentile

-0.4%

Faster revenue growth than 31% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Down

$25,648,148

Down $869,834 (-3.3%) from 2023

Liabilities

Down

$3,844,740

Down $1,881,842 (-33%) from 2023

Net Assets

Up

$21,803,408

Up $1,012,008 (+4.9%) from 2023

Revenue

Down

$23,639,640

Down $91,547 (-0.4%) from 2023

Expenses

Up

$22,627,632

Up $917,353 (+4.2%) from 2023

Net Income

Down

$1,012,008

Down $1,008,900 (-50%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $8,294,365Liabilities 2010: $1,213,079Net Assets 2010: $7,081,2862010Assets 2011: $7,343,742Liabilities 2011: $922,223Net Assets 2011: $6,421,5192011Assets 2012: $6,977,942Liabilities 2012: $978,563Net Assets 2012: $5,999,3792012Assets 2013: $8,990,965Liabilities 2013: $949,792Net Assets 2013: $8,041,1732013Assets 2014: $9,495,833Liabilities 2014: $947,755Net Assets 2014: $8,548,0782014Assets 2015: $9,848,783Liabilities 2015: $1,434,481Net Assets 2015: $8,414,3022015Assets 2016: $11,586,086Liabilities 2016: $1,461,597Net Assets 2016: $10,124,4892016Assets 2017: $12,138,726Liabilities 2017: $2,136,217Net Assets 2017: $10,002,5092017Assets 2018: $10,637,839Liabilities 2018: $1,965,499Net Assets 2018: $8,672,3402018Assets 2019: $13,693,199Liabilities 2019: $1,857,500Net Assets 2019: $11,835,6992019Assets 2020: $16,966,430Liabilities 2020: $2,211,961Net Assets 2020: $14,754,4692020Assets 2021: $19,570,349Liabilities 2021: $1,667,888Net Assets 2021: $17,902,4612021Assets 2022: $21,977,509Liabilities 2022: $2,718,306Net Assets 2022: $19,259,2032022Assets 2023: $26,517,982Liabilities 2023: $5,726,582Net Assets 2023: $20,791,4002023Assets 2024: $25,648,148Liabilities 2024: $3,844,740Net Assets 2024: $21,803,4082024

Highlighted filing

2024

Assets$25,648,148
Liabilities$3,844,740
Net Assets$21,803,408

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $17,225,7672010Expenses 2011: $16,723,4262011Expenses 2012: $15,988,3832012Revenue 2013: $18,883,974Expenses 2013: $16,842,180Net Income 2013: $2,041,7942013Revenue 2014: $18,009,738Expenses 2014: $17,502,833Net Income 2014: $506,9052014Revenue 2015: $18,661,449Expenses 2015: $18,795,225Net Income 2015: -$133,7762015Revenue 2016: $20,677,238Expenses 2016: $18,967,051Net Income 2016: $1,710,1872016Revenue 2017: $18,773,259Expenses 2017: $18,895,239Net Income 2017: -$121,9802017Revenue 2018: $18,883,579Expenses 2018: $20,213,748Net Income 2018: -$1,330,1692018Revenue 2019: $24,088,466Expenses 2019: $20,925,107Net Income 2019: $3,163,3592019Revenue 2020: $23,705,572Expenses 2020: $20,548,279Net Income 2020: $3,157,2932020Revenue 2021: $22,494,008Expenses 2021: $20,040,784Net Income 2021: $2,453,2242021Revenue 2022: $22,676,926Expenses 2022: $21,320,184Net Income 2022: $1,356,7422022Revenue 2023: $23,731,187Expenses 2023: $21,710,279Net Income 2023: $2,020,9082023Revenue 2024: $23,639,640Expenses 2024: $22,627,632Net Income 2024: $1,012,0082024

Highlighted filing

2024

Revenue$23,639,640
Expenses$22,627,632
Net Income$1,012,008

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$25.6$3.84$21.8$23.6$22.6$1.01
2023Detailed filing. Detailed filing data is available for this year.$26.5$5.73$20.8$23.7$21.7$2.02
2022Detailed filing. Detailed filing data is available for this year.$22.0$2.72$19.3$22.7$21.3$1.36
2021Detailed filing. Detailed filing data is available for this year.$19.6$1.67$17.9$22.5$20.0$2.45
2020Detailed filing. Detailed filing data is available for this year.$17.0$2.21$14.8$23.7$20.5$3.16
2019Detailed filing. Detailed filing data is available for this year.$13.7$1.86$11.8$24.1$20.9$3.16
2018Detailed filing. Detailed filing data is available for this year.$10.6$1.97$8.67$18.9$20.2$1.33
2017Detailed filing. Detailed filing data is available for this year.$12.1$2.14$10.0$18.8$18.9$0.12
2016Detailed filing. Detailed filing data is available for this year.$11.6$1.46$10.1$20.7$19.0$1.71
2015Detailed filing. Detailed filing data is available for this year.$9.85$1.43$8.41$18.7$18.8$0.13
2014Detailed filing. Detailed filing data is available for this year.$9.50$0.95$8.55$18.0$17.5$0.51
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.99$0.95$8.04$18.9$16.8$2.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.98$0.98$6.00$16.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.34$0.92$6.42$16.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.29$1.21$7.08$17.2
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$23,639,640
Mission and Program Overview

Mission

The mission of the alliance is 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.the downtown alliance manages the downtown-lower manhattan business improvement district (bid), serving an area that roughly covers everything south of city hall and along three waterfronts (east river, hudson river and ny harbor).

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$10,793,509$11,648,817▲ $855,308
Investments in Publicly Traded Securities$9,846,690$9,710,584▼ $136,106
Cash and Non-Interest-Bearing Accounts$1,525,629$1,077,808▼ $447,821
Land, Buildings, and Equipment, Net$381,965$318,667▼ $63,298
Prepaid Expenses and Deferred Charges$188,929$162,341▼ $26,588
Total Assets$26,517,982$25,648,148▼ $869,834
Other Assets Total$3,781,260$2,729,931▼ $1,051,329
Liabilities
Other Liabilities$3,727,268$2,455,760▼ $1,271,508
Accounts Payable and Accrued Expenses$1,488,861$1,388,980▼ $99,881
Deferred Revenue$510,453$0▼ $510,453
Total Liabilities$5,726,582$3,844,740▼ $1,881,842
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$20,791,400$21,803,408▲ $1,012,008
Total Net Assets Fund Balance$20,791,400$21,803,408▲ $1,012,008
Total Liabilities and Net Assets / Fund Balance$26,517,982$25,648,148▼ $869,834

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$91,957$344,962$436,919
Equipment$158,281$221,228$379,509
Leasehold Improvements$68,429$121,357$189,786
Other Assets Org$2,188,563--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jessica LappinPresidentFT$402,453$148,907$551,360
Andrew BreslauSVP Communications and MarketingFT$231,745$44,225$275,970
Michael KetringGeneral CounselFT$236,135$33,824$269,959
Mark QuinnCFO and SVP of AdminFT$223,266$44,656$267,922
Ron WolfgangSVP OperationsFT$198,595$26,761$225,356
Joshua NachowitzSVP Research and Economic DevFT$176,884$39,815$216,699
Taina PradoChief of StaffFT$122,369$45,817$168,186
Jeremy SchneiderChief Technology OfficerFT$130,132$35,454$165,586
Daniel GiacomazzaVP Communications & MarketingFT$134,167$29,366$163,533

Board Members and Trustees

NameTitle
Ric ClarkChairperson
Anita LaremontDirector
Ben Brown Left 111523Director
Betty CohenDirector
Brett GreenbergDirector
Brian R SteinwurtzelDirector
Callie Haines Started 111523Director
Cynthia Rojas SejasDirector
Dan PalinoDirector
Daniel HaimovicDirector
David V FowlerDirector
Dr Anthony MunroeDirector
Ed Spade Started 111523Director
Edward V PiccinichDirector
Ekene Ezulike Left 111523Director
Francis J GreenburgerDirector
Frank J SciameDirector
Geoffrey BoulterDirector
Joel RosenDirector
John WheelerDirector
Jolene YeatsDirector
Jonathan IgerDirector
K Thomas ElghanayanDirector
Kent M SwigDirector
Marvin KrislovDirector
Matt Gewolb Left 5824Director
Matthew Van BurenDirector
Nicholas MartinDirector
Peter a PoulakakosDirector
Rev Michael a BirdDirector
Sarah Miyazawa LafleurDirector
Tammy MeltzerDirector
Thomas M HughesDirector
Todd SchwartzDirector
Tom CostanzoDirector
Michael a West JrDirector (left 10/11/23)
Ross F MoskowitzDirector (left 10/11/23)
Elizabeth L HillmanDirector (started 11/15/23)
Megan FlynnDirector, Appointed by Brad Lander
Max DeutschDirector, Appointed by Chris Marte
Andrew Marcus Left 72023Director, Appointed by Eric Adams
Charmaine Mangaroo Started 723Director, Appointed by Eric Adams
Russell Murphy Started 5824Director, Appointed by Mark Levine
Jeremy MossSecretary
Allan G SperlingTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Abm Industry Groups LLCSanitationPO BOX 419860, Boston, MA 02241-9860$3,022,164
Quality Protection Services INCSecurity801 SECOND AVENUE 8TH FL, New York, NY 10017$2,624,651
D&j Service INCBus Service1200 ZEREGA AVE, Bronx, NY 10462$1,536,317
Wpp Group USACommunications And Media Management3 WORLD TRADE CENTER 175 GREENWICH, New York, NY 10007$485,000
Bowery Residents' Committee INCHomeless Outreach131 W 25TH STREET 12TH FL, New York, NY 10001$337,816
Revenue and Support

Revenue Composition

Contributions and Grants
$298,547
Program Service Revenue
$22,348,853
Investment Income
$979,203
Other Revenue
$13,037
All Other Contributions
$291,777
Change in Net Assets
$1,012,008

Audited Revenue Reconciliation

Revenue per Audited Statements
$23,639,640
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$174,442
Total Revenue per Audited Statements
$23,814,082
Total Revenue per Form 990
$23,639,640
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$14,782,986
Salaries, Compensation, and Employee Benefits$7,827,896
Total Fundraising Expense$59,280
Grants and Similar Amounts Paid$16,750
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$9,817,446$66,407-$9,883,853
Comp Disqual Persons$4,213,523$842,173$45,944$5,101,640
Current Officers, Directors, Trustees, and Key Employees$976,923$484,977-$1,461,900
Occupancy$1,300,760$142,945-$1,443,705
Advertising$866,616$908-$867,524
Other Employee Benefits$496,189$80,702$7,249$584,140
Payroll Taxes$386,134$87,343$3,790$477,267
All Other Expenses$324,041$70,091-$394,132
Information Technology$253,071$55,385-$308,456
Other Expenses$255,184$9,518-$264,702
Pension Plan Contributions$164,304$36,348$2,297$202,949
Insurance$128,778$30,181-$158,959
Depreciation Depletion$120,260$6,098-$126,358
Fees for Services Lobbying$60,000$48,000-$108,000
Travel$35,270$29,510-$64,780
Fees for Services Accounting-$31,067-$31,067
Grants to Domestic Orgs$16,750--$16,750
Fees for Services Legal-$2,961-$2,961
Total Functional Expenses$20,529,450$2,038,902$59,280$22,627,632

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$22,802,074
Expenses per Audited Statements$22,627,632
Total Expenses per Form 990$22,627,632
Expenses Not Reported on Form 990$174,442
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$2,455,760
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The alliance for downtown new york, inc. Was incorporated as a not-for-profit corporation with members.

Form 990, Part VI, Section A, Line 7A

Registered members elect the board of directors at the alliance's annual meeting by class. Terms are for 3 years and are staggered, roughly one-third of the directors are elected each year.

Form 990, Part VI, Section B, Line 11B

Information needed to prepare the 990 is provided by the organization's chief financial officer (cfo) & svp of administration to the organization's audit firm who prepares an initial draft of the 990. The draft is then reviewed by the cfo & svp of administration and the president. If there are any necessary changes, they are made and the draft is updated. The 990 is presented to the organization's finance committee at their annual meeting and additionally emailed to the organization's audit committee for further review before filing.

Form 990, Part VI, Section B, Line 12C

The alliance enforces the conflict of interest policy by monitoring known relationships, requiring board members to sign annual questionnaires, and noting any changes in disclosed information.

Form 990, Part VI, Section B, Line 15

On an annual basis, the organization's cfo collects data on comparable compensation to determine the appropriateness of the president's and top management official's compensation. Data is gathered through compensation trend research, examining 990s of comparable organizations and reviewing the annual pnp salary guide. The data is complied into a memo and presented to the organization's compensation committee. The committee is comprised of independent board members, who review the memo and determine appropriate compensation. Periodically the organization hires an independent 3rd party consultant to evaluate executive salaries. This evaluation is performed through the same process used to determine the appropriateness of the top management officials' compensation.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Alliance for Downtown New York Inc
EIN
13-3791550
Phone
2125666700
Address
120 BROADWAY 3340, NEW YORK, NY 10271

Signing Officer

Name
Jessica Lappin
Title
President
Phone
2125666700
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jessica Lappin
Formed
1994
Legal Domicile
Ny
Voting Board Members
40
Independent Board Members
40
Employees
0
Volunteers
45

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY LLP
Address
ONE BATTERY PARK PLAZA 7TH FL, NEW YORK, NY 10004
Preparer
Alexander Lazzaruolo
Phone
2126617777
Supplemental Narrative

Additional Explanations

PART I - LINE 5 & PART V - LINE 2A:

The organization employs its employees through a contractual arrangement with a professional employer organization.

Part III - Line 1

The downtown alliance manages the downtown-lower manhattan business improvement district (bid), serving an area that roughly covers everything south of city hall and along three waterfronts (east river, hudson river and ny harbor).

Part III - Line 4A

Communications, marketing and promotion: the downtown alliance continued to work as a megaphone for all that happened in lower manhattan, sharing with residents and visitors information about everything from ongoing events to art installations to the best outdoor dining spots. This was accomplished through social media platforms, blog, newsletters and other means of communication. The alliance's social media reach continues to grow with over 100,000 followers all told to be found on facebook, instagram, tiktok, linkedin and other platforms. The alliance also publishes the "shop dine guide," our homegrown compilation of the shops, restaurants, and amenities here in lower manhattan which is distributed to close to 50,000 readers. The dine around downtown annual community food festival returns each spring for more than 10,000 diners and the alliance launched a new food festival for the fall ""lunch box"" featuring only restaurants that opened in the last year offering a $10 boxed lunch for diners to sample. "dine around downtown: cooking at home edition" continued growing its audiences in 2024 with seasonal winter, summer and upcoming holiday episodes. The ""lm live"" program featured conversations with individuals and organizations in lower manhattan on topics that included entrepreneurship, current events, art and architecture, phillippe petit's amazing walk between the twin towers and strategies for career advancement. Events include a mix of in-person women's breakfasts, "ask the expert" sessions that featured lower manhattan experts discussing actionable takeaways related to their backgrounds and movie screenings and conversations featuring leading filmmakers and critics. The alliance's tourism efforts included hosting a quarterly tourism exchange where a hundred or more professionals in the tourism industry came together to hear from experts, make new connections and coordinate strategy as well as attending national and international buyers events to directly make connections for tourism partners. The technology team maintains free wireless internet access in several public spaces all along water street, front street, the hudson river, much of the world trade center campus and the east river esplanade south of fulton street and many other locations throughout lower manhattan.

Part III - Line 4B

Sanitation services: through the sanitation program, the alliance kept the district clean, beautiful, and graffiti-free through daily street sweeping, washing, streetscape maintenance, and snow removal. Additionally, the program serviced 376 public trash and recycling receptacles year-round. On 885 occasions, the sanitation team power-washed sidewalks throughout the district, as well as mannahatta park, albany plaza, coenties slip park, and bowling green park. The sanitation team removed 2,965 instances of graffiti and stickers, including painting over store gates, construction site boards, and building doorways. During spring and summer, they painted over 500 pieces of street furniture, such as hydrants, bollards, mailboxes, street poles, and the benches at mannahatta park. The team cleaned, sanitized, emptied, and maintained all bigbelly trash and recycling units, removing trash from streets and sidewalks. In coordination with the new york city department of sanitation (dsny), they removed 241 instances of illegal dumping, including large items like refrigerators, furniture, air conditioners, washing machines, and more. In fy24, we introduced a night crew to address the district's 24-hour sanitation needs. This team significantly enhanced the cleanliness and appearance of high-traffic locations, such as 75 wall st, greenwich st, rector st, fulton st, and broadway. To further improve street cleanliness, six citibin locations were established, allowing trash to go directly from bigbelly units to citibins, then to dsny collection. This initiative has been highly successful in keeping 82,030 trash bags off the streets in fy24. In total, the sanitation team collected 1,042 tons of trash and 324 tons of recyclables.

Part III - Line 4C

Public safety: the alliance public safety program provided safety and security to lower manhattan businesses and residents. Uniformed guards worked in collaboration with the new york police department (nypd) and other city agencies to address quality-of-life conditions in the area. In fy24, the public safety program recorded 171,871 interactions with businesses, residents, and visitors. Through a joint effort with multiple city agencies, including the nypd, dsny's vendor enforcement unit, the department of health, and the department of consumer and worker protection, the public safety team addressed 4,754 vendor complaints, focusing on illegal vendor locations in high-traffic areas like the broadway corridor and battery park. These joint operations resulted in numerous court summonses, arrests, and ongoing enforcement actions. The alliance's public safety team also collaborated with the nyc department of homeless services and the bowery residents' committee homeless outreach team to conduct joint operations at homeless encampments in the district, particularly in areas such as peter minuit park. In fy24, they identified 1,418 incidents of homeless individuals needing assistance, ultimately placing 137 individuals in transitional housing. In addition, we launched a safe school corridor initiative. Public safety officers were assigned to monitor student travel to and from school, overseeing school dismissal and lunchtime activities with foot posts and mobile patrols to ensure student safety in the district.

Form 990, Part IX, Line 11G

Sanitation: program service expenses 3,511,257. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,511,257. Public saftey: program service expenses 2,882,539. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,882,539. Bus service: program service expenses 1,567,948. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,567,948. Infrastructure and maintenance contractors: program service expenses 207,313. Management and general expenses 0. Fundraising expenses 0. Total expenses 207,313. Horticulture: program service expenses 156,618. Management and general expenses 0. Fundraising expenses 0. Total expenses 156,618. Homeless outreach services: program service expenses 338,978. Management and general expenses 0. Fundraising expenses 0. Total expenses 338,978. Photgraphy videography: program service expenses 105,400. Management and general expenses 0. Fundraising expenses 0. Total expenses 105,400. Planning and placemaking: program service expenses 188,029. Management and general expenses 0. Fundraising expenses 0. Total expenses 188,029. Studies and surveys: program service expenses 165,577. Management and general expenses 0. Fundraising expenses 0. Total expenses 165,577. Website maintenance: program service expenses 132,556. Management and general expenses 0. Fundraising expenses 0. Total expenses 132,556. Consulting: program service expenses 448,464. Management and general expenses 48,233. Fundraising expenses 0. Total expenses 496,697. Payroll fees: program service expenses 112,767. Management and general expenses 18,174. Fundraising expenses 0. Total expenses 130,941.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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