2024-09-17T09:21:41-05:00 2023-12-31 111986323 MARCUM LLP 10 MELVILLE PARK ROAD MELVILLE NY 117473146 990 2023-01-01 113132562 GREENPOINT MANUFACTURING AND DESIGN CENTER LOCAL DEVELOPMENT CORPORATION GREE 7183833935 1155 MANHATTAN AVENUE BROOKLYN NY 11222 BRIAN T COLEMAN CEO 7183833935 2024-09-15 1 0 MARY ANN MENDEL P00551302 6314144000 2024-09-05 2023 2024-08-08 14:25:15Z BRIAN T COLEMAN 1155 MANHATTAN AVENUE BROOKLYN NY 11222 6472967 0 X GMDCONLINE.ORG X 1992 NY CREATES AND SUSTAINS VIABLE MANUFACTURING SECTORS IN URBAN NEIGHBORHOODS. 13 12 27 12 42056 2419 500956 1625692 3906745 4108188 404127 519645 265972 219442 5077800 6472967 0 0 0 0 1672560 1933062 0 0 115737 3598791 3969198 5271351 5902260 -193551 570707 70874676 68216932 42169226 39929245 28705450 28287687 THE ORGANIZATION CREATES AND SUSTAINS VIABLE MANUFACTURING SECTORS IN URBAN NEIGHBORHOODS THROUGH PLANNING, DEVELOPING, AND MANAGING REAL ESTATE AND OFFERING OTHER RELATED SERVICES. 0 0 5174323 4108188 SMALL BUSINESS SUPPORT:OWN AND MANAGE A PORTFOLIO OF INDUSTRIAL BUILDINGS WHILE PROVIDING ADDITIONAL SERVICES TO SMALL MANUFACTURING BUSINESSES THROUGH THE PROVISION OF HARD TO FIND AFFORDABLE MANUFACTURING SPACE. THE ORGANIZATION'S BUILDINGS CONTINUE TO BE A HAVEN FOR SMALL MANUFACTURERS AND THE QUALITY JOBS THEY CREATE IN URBAN NEIGHBORHOODS. 5174323 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 1 0 1 26 0 1 27 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X MICHAEL CAVAGNARO 7183833935 1155 MANHATTAN AVENUE BROOKLYN NY 11222 BRIAN T COLEMAN CEO 16.00 24.00 X X 509289 0 44887 SEBASTIAN HARDY CHAIR 0.40 0.60 X X 0 0 0 LIBBY RYAN VICE CHAIR 0.40 0.60 X X 0 0 0 HARRY SCHWARTZ SECRETARY 0.40 0.60 X X 0 0 0 ROSALIND S PAASWELL TREASURER 0.40 0.60 X X 0 0 0 ADAM TELL METZGER DIRECTOR 0.40 0.60 X 0 0 0 ALIREZA ESMAEILZADEH DIRECTOR 0.40 0.60 X 0 0 0 JOHN HOROWITZ DIRECTOR 0.40 0.60 X 0 0 0 JOSEPH TOOMA DIRECTOR 0.40 0.60 X 0 0 0 KATE ASCHER DIRECTOR 0.40 0.60 X 0 0 0 LORINDA KAROFF DIRECTOR 0.40 0.60 X 0 0 0 MICHAEL NIXON DIRECTOR 0.40 0.60 X 0 0 0 MORT GOLDFEIN DIRECTOR 0.40 0.60 X 0 0 0 MICHAEL CAVAGNARO CFO 16.00 24.00 X 230941 0 20300 CASSANDRA SMITH SENIOR PROJECT MANAGER 16.00 24.00 X 191243 0 34891 CURTIS BIEDERBECK FACILITIES MANAGER 16.00 24.00 X 132922 0 30802 GUSTAVO MARTINEZ PROJECT MANAGER 16.00 24.00 X 125765 0 30369 VASSILI PRIIMAK BUILDING MAINTENANCE 16.00 24.00 X 100198 0 22752 1290358 0 184001 6 0 1 0 0 1625692 1625692 RENTAL INCOME 531120 4108188 4108188 4108188 519645 519645 MISCELLANEOUS 531120 295560 42056 253504 INVESTMENT PASSTHROUGH 900001 -76118 -76118 219442 6472967 4108188 42056 697031 723944 434367 253380 36197 750704 613985 92195 44524 35941 27577 5898 2466 292715 209386 66261 17068 129758 89533 32440 7785 203529 69836 132838 855 52203 36082 13001 3120 1426282 1426282 1015607 1015270 272 65 440267 432714 6091 1462 TAXES 2375 2375 REAL ESTATE TAXES 367802 367802 UTILITIES 292448 292448 REPAIRS & MAINTENANCE 84004 83324 680 84681 73342 9144 2195 5902260 5174323 612200 115737 3986327 1963506 1177370 2874636 73093 240173 29193678 29193678 280079 367895 38361934 13110098 26137960 25251836 10026169 8325208 70874676 68216932 697904 202923 11463 30383 21276545 20907796 14152078 13471234 6031236 5316909 42169226 39929245 X 28705450 28287687 28705450 28287687 70874676 68216932 X 570707 -988470 X X 0 1 X 1 0 X 1738809 2275333 418237 500956 1625692 6559027 1738809 2275333 418237 500956 1625692 6559027 87831 6471196 504219 504376 582626 404127 519645 2514993 40700 27982 43179 10927 10927 133715 10855 109748 528939 255045 10569 915156 10122891 17842401 0.63930 0.67780 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2019 AMOUNT: $ 10,855. 2020 AMOUNT: $ 109,748. 2021 AMOUNT: $ 104,166. 2022 AMOUNT: $ 132,288. 2023 AMOUNT: $ 284,633. EQUITY INTEREST IN SUBSIDIARY - 2021 AMOUNT: $ 424,773. 2022 AMOUNT: $ 122,757. 2023 AMOUNT: $ -274,064. PART II, LINE 10 EQUITY INTEREST IN SUBSIDIARY PASS THROUGH LOSS OF $2,062,840 AND $1,282,407 FOR THE YEARS ENDED 12/31/20 AND 12/31/19, RESPECTIVELY, ARE NOT INCLUDED ABOVE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1062150 1062150 25185872 9956415 15229457 11556520 2785609 8770911 542080 368074 174006 15312 15312 25251836 INTER-COMPANY RECEIVABLES 3020163 GOODWILL 51145 SECURITY DEPOSITS 11570 INVESTMENT IN GMDC OP MANAGER 1312066 INVESTMENT IN GMDC TWO CORPORATION 1611146 INVESTMENT IN BROWNSVILLE 109015 INTEREST RATE SWAP ASSET 1330101 DUE FROM RELATED PARTY 880002 8325208 INTERCOMPANY PAYABLES 3187227 DEFICIT IN GMDC OP MANAGER 2526 DEFICIT IN GMDC PHILADELPHIA 394683 REFUNDABLE ADVANCE 1161916 TENANT SECURITY DEPOSITS 570557 5316909 X PART X, LINE 2: MANAGEMENT OF THE ORGANIZATION RECORDS UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH ASC 740 ON THE BASIS OF A TWO-STEP PROCESS IN WHICH (1) MANAGEMENT DETERMINES WHETHER IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON THE BASIS OF THE TECHNICAL MERITS OF THE POSITION AND (2) FOR THOSE TAX POSITIONS THAT MEET THE MORE-LIKELY-THAN NOT RECOGNITION THRESHOLD, THE ORGANIZATION RECOGNIZES THE LARGEST AMOUNT OF THE TAX BENEFIT THAT IS MORE THAN 50% LIKELY TO BE REALIZED UPON ULTIMATE SETTLEMENT WITH THE RELATED TAX PARTY. MANAGEMENT HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 AND 2022. X X 0 0 0 0 0 0 0 0 0 BRIAN T COLEMAN CEO 499761 0 8328 0 1200 0 20183 0 24704 0 554176 0 0 0 MICHAEL CAVAGNARO CFO 218326 0 12615 0 0 0 10692 0 9608 0 251241 0 0 0 CASSANDRA SMITH SENIOR PROJECT MANAGER 178985 0 11058 0 1200 0 9242 0 25649 0 226134 0 0 0 CURTIS BIEDERBECK FACILITIES MANAGER 117886 0 8589 0 6447 0 6563 0 24239 0 163724 0 0 0 GUSTAVO MARTINEZ PROJECT MANAGER 115558 0 9007 0 1200 0 6511 0 23858 0 156134 0 0 0 BRIAN T O COLEMAN CEO'S SON 6784 PART TIME WORK 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS DISTRIBUTED TO THE FULL BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, BOARD MEMBERS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST, IF ANY. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE, IN CONSULTATION WITH THE FULL-BOARD, CONDUCTS AN ANNUAL REVIEW OF THE CEO'S PERFORMANCE, COMPENSATION LEVEL, AND CONTRIBUTIONS TO THE ORGANIZATION. THE BOARD REVIEWS COMPARATIVE SALARIES FOR BOTH THE PRIVATE AND NON-PROFIT SECTORS AND SETS THE COMPENSATION PACKAGE. THIS PROCESS ONLY APPLIES TO THE CEO'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE PRIOR THREE YEARS OF AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE SWAPS-MCKIBBIN SMLLC -207,476. UNREALIZED LOSS ON INTEREST RATE SWAP-ATLANTIC AVE SMLLC -81,693. NET ASSET ADJUSTMENT - GMDC -699,301. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 221 MCKIBBIN OWNER LLC 1155 MANHATTAN AVENUE BROOKLYN NY 11222 208801048 CREATE & SUSTAIN VIABLE MANUFACTURING SECTORS IN DISADVANTAGED NEIGHBORHOODS NY 977907 22427442 GMDC MCKIBBIN MASTER TENANTLLC 1155 MANHATTAN AVENUE BROOKLYN NY 11222 262415583 LEASE PROPERTY FROM 221 MCKIBBIN OWNER LLC NY 1159653 12447195 GMDC GMDC ATLANTIC AVENUE 1155 MANHATTAN AVENUE BROOKLYN NY 11222 455321043 CREATE AND SUSTAIN VIABLE MANUFACTURING SECTORS IN BROOKLYN NY 749900 13255524 GMDC GMDC HUMBOLDT STREET LLC 1155 MANHATTAN AVENUE BROOKLYN NY 11222 863409197 CREATE AND SUSTAIN VIABLE MANUFACTURING SECTORS IN BROOKLYN NY 1294924 7849378 GMDC GMDC ST NICHOLAS AVENUE LLC 1155 MANHATTAN AVENUE BROOKLYN NY 11222 863365769 CREATE AND SUSTAIN VIABLE MANUFACTURING SECTORS IN BROOKLYN NY 417769 3580831 GMDC GMDC TWO CORPORATION 1155 MANHATTAN AVENUE BROOKLYN NY 11222 113427959 RELIEVE UNEMPLOYMENT, PROVIDE AND CREATE JOB OPPORTUNITIES DE 501(C) 4 N/A 0 GMDC PHILADELPHIA 1155 MANHATTAN AVENUE BROOKLYN NY 11222 275244592 INACTIVE PA 501(C) 3 170(B)(1)(A)(VI) N/A 0 GMDC OP LLC 1155-1205 MANHATTAN AVENUE BROOKLYN NY 11222 814735472 RENTAL REAL ESTATE DE N/A N/A 0 0 GMDC OP MASTER TENANT LLC 101-01 95TH AVENUE OZONE PARK NY 11416 821794510 RENTAL REAL ESTATE DE N/A N/A 0 0 GMDC OP MANAGER LLC 1155 MANHATTAN AVENUE BROOKLYN NY 11222 821781381 MANAGE DEVELOPMENT OF INDUSTRIAL SPACE DE N/A C 0 GMDC BROWNSVILLE LLC 1155 MANHATTAN AVENUE BROOKLYN NY 11222 853620425 CREATE AND SUSTAIN VIABLE MANUFACTURING SECTORS IN BROOKLYN DE N/A C 0 GMDC OP INVESTOR LLC 1155 MANHATTAN AVENUE BROOKLYN NY 11222 823300722 RENTAL REAL ESTATE-INACTIVE DE N/A C 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 GMDC TWO CORP O 422388 ALLOCATION OF EMPLOYEE TIME GMDC TWO CORP L 700000 ADMINISTRATIVE FEE