Nonprofit · EIN 13-3944300
47TH STREET BUSINESS IMPROVEMENT DISTRICT INC
Tax-exempt · NEW YORK, NY 10036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,475,989 | $1,335,412 | $140,577 | $932,092 | $51,689 | $880,403 |
| June 30, 2024 | 990 | $1,435,043 | $1,319,935 | $115,108 | $786,755 | $46,929 | $739,826 |
| June 30, 2023 | 990 | $1,406,766 | $1,305,169 | $101,597 | $671,129 | $46,411 | $624,718 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $45,862
- Program service revenue
- $1,395,922
- Investment income
- $34,205
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $87,950
- Salaries, compensation and benefits (total)
- $99,391
- Professional fundraising fees
- $0
- Legal fees
- $25,191
- Accounting fees
- $12,000
- Occupancy
- $5,731
- Depreciation
- $3,144
- Program services (functional)
- $1,219,022
- Management and general (functional)
- $116,390
Balance sheet and other
- Total assets, start of year
- $786,755
- Total assets, end of year
- $932,092
- Total liabilities, end of year
- $51,689
- Net assets, end of year
- $880,403
- Land, buildings and equipment
- $4,531
- Net assets without donor restrictions
- $880,403
- Gross unrelated business income
- $3,500
- Gross receipts
- $1,475,989
- Employees
- 1
- Volunteers
- 25
- Year formed
- 1997
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FERTIG AVI | EXECUTIVE DIRECTOR Key employee | 40 | $152,000 |
| HARVEY NAGIN | PRESIDENT Trustee or director, Officer | 15 | $0 |
| STEVEN GRAUER | CHAIRMAN Trustee or director, Officer | 20 | $0 |
| ADNAN AYDIN | SECRETARY Trustee or director, Officer | 5 | $0 |
| YALE ZOLAND | TREASURER Trustee or director, Officer | 5 | $0 |
| BEN KRISCHER | DIRECTOR Trustee or director | 2 | $0 |
| BRAD LANDER | DIRECTOR Trustee or director | 2 | $0 |
| BRUNILDA KATSICHTIS | DIRECTOR Trustee or director | 2 | $0 |
| CHRIS IPEK | DIRECTOR Trustee or director | 2 | $0 |
| DENNIS MARLOW | DIRECTOR Trustee or director | 2 | $0 |
| ELLIOT KRISCHER | DIRECTOR Trustee or director | 2 | $0 |
| EMILY BUKUCUYAN | DIRECTOR Trustee or director | 2 | $0 |
| GARY BARNETT | DIRECTOR Trustee or director | 2 | $0 |
| GARY WEINSHANK | DIRECTOR Trustee or director | 2 | $0 |
| ILAN ELISHAYEV | DIRECTOR Trustee or director | 2 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACK ELO | DIRECTOR Trustee or director | 2 | $0 |
| JAY HOLZER | DIRECTOR Trustee or director | 2 | $0 |
| JOHN MAGZALCIOGLU | DIRECTOR Trustee or director | 2 | $0 |
| JULES FLEISCHER | DIRECTOR Trustee or director | 2 | $0 |
| KEITH POWERS | DIRECTOR Trustee or director | 2 | $0 |
| LINDA ANISHERE | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL TOBACK | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL OISTACHER | DIRECTOR Trustee or director | 2 | $0 |
| RONNIE VANDERLINDEN | DIRECTOR Trustee or director | 2 | $0 |
| MARK LEVINE | DIRECTOR Trustee or director | 2 | $0 |
| MAYOR ERIC ADAMS | DIRECTOR Trustee or director | 2 | $0 |
| S DAVID BELSKY | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 27 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FERTIG AVI | EXECUTIVE DIRECTOR Key employee | 40 | $152,000 |
| HARVEY NAGIN | PRESIDENT Trustee or director, Officer | 15 | $0 |
| STEVEN GRAUER | CHAIR Trustee or director, Officer | 20 | $0 |
| ADNAN AYDIN | SECRETARY Trustee or director, Officer | 5 | $0 |
| YALE ZOLAND | TREASURER Trustee or director, Officer | 5 | $0 |
| ALAN AYDIN | DIRECTOR Trustee or director | 2 | $0 |
| BEN KRISCHER | DIRECTOR Trustee or director | 2 | $0 |
| BRAD LANDER | DIRECTOR Trustee or director | 2 | $0 |
| BRUNILDA KATSICHTIS | DIRECTOR Trustee or director | 2 | $0 |
| CHRIS IPEK | DIRECTOR Trustee or director | 2 | $0 |
| DENNIS MARLOW | DIRECTOR Trustee or director | 2 | $0 |
| ELLIOT KRISCHER | DIRECTOR Trustee or director | 2 | $0 |
| EMILY BUKUCUYAN | DIRECTOR Trustee or director | 2 | $0 |
| GARY BARNETT | DIRECTOR Trustee or director | 2 | $0 |
| GARY WEINSHANK | DIRECTOR Trustee or director | 2 | $0 |
| ILAN ELISHAYEV | DIRECTOR Trustee or director | 2 | $0 |
| JACK ELO | DIRECTOR Trustee or director | 2 | $0 |
| JAY HOLZER | DIRECTOR Trustee or director | 2 | $0 |
| JOHN MAGZALCIOGLU | DIRECTOR Trustee or director | 2 | $0 |
| JULES FLEISCHER | DIRECTOR Trustee or director | 2 | $0 |
| KEITH POWERS | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL TOBACK | DIRECTOR Trustee or director | 2 | $0 |
| RONNIE VANDERLINDEN | DIRECTOR Trustee or director | 2 | $0 |
| MARK LEVINE | DIRECTOR Trustee or director | 2 | $0 |
| MAYOR ERIC ADAMS | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL OISTACHER | DIRECTOR Trustee or director | 2 | $0 |
| S DAVID BELSKY | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2023: 26 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FERTIG AVI | EXECUTIVE DIRECTOR Officer | 40 | $152,000 |
| HARVEY NAGIN | PRESIDENT Trustee or director, Officer | 15 | $0 |
| STEVEN GRAUER | CHAIR Trustee or director, Officer | 20 | $0 |
| DENNIS MARLOW | SECRETARY Trustee or director, Officer | 5 | $0 |
| YALE ZOLAND | TREASURER Trustee or director, Officer | 5 | $0 |
| ADNAN AYDIN | DIRECTOR Trustee or director | 2 | $0 |
| ALAN AYDIN | DIRECTOR Trustee or director | 2 | $0 |
| BEN KRISCHER | DIRECTOR Trustee or director | 2 | $0 |
| BRAD LANDER | DIRECTOR Trustee or director | 2 | $0 |
| BRUNILDA KATSICHTIS | DIRECTOR Trustee or director | 2 | $0 |
| CHRIS IPEK | DIRECTOR Trustee or director | 2 | $0 |
| ELLIOT KRISCHER | DIRECTOR Trustee or director | 2 | $0 |
| EMILY BUKUCUYAN | DIRECTOR Trustee or director | 2 | $0 |
| GARY BARNETT | DIRECTOR Trustee or director | 2 | $0 |
| GARY WEINSHANK | DIRECTOR Trustee or director | 2 | $0 |
| ILAN ELISHAYEV | DIRECTOR Trustee or director | 2 | $0 |
| JACK ELO | DIRECTOR Trustee or director | 2 | $0 |
| JAY HOLZER | DIRECTOR Trustee or director | 2 | $0 |
| JOHN MAGZALCIOGLU | DIRECTOR Trustee or director | 2 | $0 |
| JULES FLEISCHER | DIRECTOR Trustee or director | 2 | $0 |
| KEITH POWERS | DIRECTOR Trustee or director | 2 | $0 |
| MARK LEVINE | DIRECTOR Trustee or director | 2 | $0 |
| MAYOR ERIC ADAMS | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL OISTACHER | DIRECTOR Trustee or director | 2 | $0 |
| S DAVID BELSKY | DIRECTOR Trustee or director | 2 | $0 |
| SUNEETH KEERTHY | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 580 5TH AVE STE 323, NEW YORK, NY 10036-4701
- In care of
- % CHAIRMAN
- Principal officer (990 for 2024)
- HARVEY NAGIN, 580 5TH AVE 323, NEW YORK, NY 100364701
- Signed the 990
- HARVEY NAGIN, PRESIDENT
- Phone
- (212) 302-5739
- Website
- DIAMONDDISTRICT.ORG
- Return prepared by
- SKODY SCOT & CO CPAS PC
Mission
THE 47TH STREET BUSINESS IMPROVEMENT DISTRICT WAS FORMED BY THE DIAMOND DISTRICT'S MERCHANTS AND LANDLORDS TO ENHANCE THE ECONOMIC DEVELOPMENT ACTIVITIES OF NEW YORK'S DIAMOND DISTRICT. THE GOAL OF THE 47TH STREET BUSINESS IMPROVEMENT DISTRICT IS TO MAKE THE DIAMOND DISTRICT SAFER, CLEANER AND MORE BEAUTIFUL FOR MERCHANTS AND CONSUMERS WHO WORK AND SHOP IN THE DIAMOND DISTRICT.
Program accomplishments
- SANITATION AND STREETSCAPE - MAINTAINING CLEAN STREETS/CURBS, REMOVING GARBAGE AND GRAFFITI, AND IMPROVING THE OVERALL APPEARANCE OF THE DISTRICT THROUGH A COMBINATION OF PROJECTS INCLUDING LIGHTING AND PUBLIC FIXTURES.Expenses $138,742
- SECURITY - PROVIDING INCREASED SECURITY THOUGHT A COMBINATION OF NEW CITY POLICE OFFICERS BEING PAID THOUGH THE NEW YORK CITY'S PAID DETAIL UNIT OF THE NYPD AND A CLOSE WORKING RELATIONSHIP WITH THE NEW YORK CITY POLICE DEPARTMENT FOR SUPPLEMENTAL PRIVATE SECURITY SERVICES.Expenses $964,183 · revenue $492,422
- PROMOTION - PROMOTING NEW YORK CITY ICONIC DIAMOND DISTRICT TO RESIDENTS AND TOURIST THROUGH ADVERTISING AND EVENTS HELD WITHIN THE THE DIAMOND DISTRICTExpenses $116,097 · revenue $3,500
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 13-3944300
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1998
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $932,092
- Income (IRS master file)
- $1,475,989
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,475,989 | $1,335,412 | $932,092 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $1,435,043 | $1,319,935 | $786,755 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $1,406,766 | $1,305,169 | $671,129 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $1,395,715 | $1,255,714 | $549,223 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3944300).
Questions about 47TH STREET BUSINESS IMPROVEMENT DISTRICT INC
- What is the EIN of 47TH STREET BUSINESS IMPROVEMENT DISTRICT INC?
- The employer identification number (EIN) of 47TH STREET BUSINESS IMPROVEMENT DISTRICT INC is 13-3944300.
- Is 47TH STREET BUSINESS IMPROVEMENT DISTRICT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to 47TH STREET BUSINESS IMPROVEMENT DISTRICT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 47TH STREET BUSINESS IMPROVEMENT DISTRICT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of 47TH STREET BUSINESS IMPROVEMENT DISTRICT INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 47TH STREET BUSINESS IMPROVEMENT DISTRICT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of 47TH STREET BUSINESS IMPROVEMENT DISTRICT INC?
- The 990 for the year ended June 30, 2025 names HARVEY NAGIN.
- Who are the officers and directors of 47TH STREET BUSINESS IMPROVEMENT DISTRICT INC?
- The 990 for the year ended June 30, 2025 lists 27 people; 1 received compensation from the organization, the highest $152,000 (FERTIG AVI, EXECUTIVE DIRECTOR).
- How much revenue does 47TH STREET BUSINESS IMPROVEMENT DISTRICT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,475,989, expenses of $1,335,412 and total assets of $932,092 at year end.
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