2025-09-29T13:29:26-05:00 2024-12-31 881478669 CBIZ ADVISORS LLC 68 SOUTH SERVICE ROAD SUITE 300 MELVILLE NY 117472354 990 2024-01-01 113427959 GMDC TWO CORPORATION GMDC 7183833935 1155 MANHATTAN AVENUE BROOKLYN NY 11222 BRIAN T COLEMAN CEO 7183833935 2025-09-22 1 0 MARY ANN MENDEL P00551302 6314144000 2025-09-22 2024 2025-03-06 01:10:19Z BRIAN T COLEMAN 1155 MANHATTAN AVENUE BROOKLYN NY 11222 4407171 0 X WWW.GMDCONLINE.ORG X 2004 NY PROVIDE AFFORDABLE MANUFACTURING SPACE FOR SMALL MANUFACTURERS IN URBAN NEIGHBORHOODS. 14 13 0 13 0 0 0 0 3940139 4407073 2714 98 0 0 3942853 4407171 0 0 0 0 422388 478203 0 0 0 3650526 3726025 4072914 4204228 -130061 202943 17021298 17791853 15410152 15856313 1611146 1935540 X THE ORGANIZATION'S PROGRAMS WORK TO RELIEVE AND REDUCE UNEMPLOYMENT, PROMOTING AND PROVIDING FOR ADDITIONAL EMPLOYMENT OPPORTUNITIES, ENCOURAGING THE CREATION AND MAINTENANCE OF JOB OPPORTUNITIES BY ATTRACTING NEW INDUSTRY AND BY FACILITATING RETENTION OF EXISTING TRADES, PARTICULARY SMALL MANUFACTURERS SUCH AS WOODWORKERS, FURNITURE MAKERS AND FINE ARTISTS BY FINDING AND PROVIDING AFFORDABLE SPACE IN WHICH TO CARRY OUT THEIR SMALL CRAFT BUSINESSES. IN THIS WAY, THE ORGANIZATION IS ATTRACTING NEW INDUSTRY TO A COMMUNITY OR AREA AND LESSENING THE BURDENS OF GOVERNMENT AND ACTING IN THE PUBLIC INTEREST. 0 0 3972640 4407073 SMALL BUSINESS SUPPORT:OWNS AND MANAGES AN INDUSTRIAL BUILDING WHILE PROVIDING ADDITIONAL SERVICES TO SMALL MANUFACTURING BUSINESSES IN GREENPOINT BROOKLYN THROUGH THE PROVISION OF HARD TO FIND AFFORDABLE MANUFACTURING SPACE. THE ORGANIZATION'S BUILDING CONTINUES TO BE A HAVEN FOR SMALL MANUFACTURERS AND THE QUALITY JOBS THEY CREATE IN URBAN NEIGHBORHOODS. 3972640 0 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 0 0 0 0 0 0 0 1 0 0 1 11 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X MICHAEL CAVAGNARO 7183833935 1155 MANHATTAN AVENUE BROOKLYN NY 11222 BRIAN T COLEMAN CEO 16.00 24.00 X X 0 427553 46192 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 KATE ASCHER DIRECTOR 0.40 0.60 X 0 0 0 ALIREZA ESMAEILZADEH DIRECTOR 0.40 0.60 X 0 0 0 MORT GOLDFEIN DIRECTOR 0.40 0.60 X 0 0 0 JOHN HOROWITZ DIRECTOR 0.40 0.60 X 0 0 0 LORINDA KAROFF DIRECTOR 0.40 0.60 X 0 0 0 JUDITH KUNOFF DIRECTOR 0.40 0.60 X 0 0 0 ADAM TELL METZGER DIRECTOR 0.40 0.60 X 0 0 0 MICHAEL NIXON DIRECTOR 0.40 0.60 X 0 0 0 JOSEPH TOOMA DIRECTOR 0.40 0.60 X 0 0 0 MICHAEL CAVAGNARO CFO 16.00 24.00 X 0 221535 21556 CASSANDRA SMITH SENIOR PROJECT MANAGER 16.00 24.00 X 0 179087 37500 CURTIS BIEDERBECK FACILITIES MANAGER 16.00 24.00 X 0 131465 33376 GUSTAVO MARTINEZ PROJECT MANAGER 16.00 24.00 X 0 125007 32779 0 1084647 171403 0 0 1 0 0 RENTAL INCOME 531120 3730184 3730184 OTHER TENANT INCOME 532000 676889 676889 4407073 98 98 4407171 4407073 0 98 456013 456013 22190 22190 1500 1500 34123 34123 70965 70965 385989 385989 658858 658858 447189 447189 534480 534480 REAL ESTATE TAXES 752575 752575 ADMINISTRATIVE FEES 700000 575000 125000 REPAIRS & MAINTENANCE 102222 102222 SECURITY 27622 27622 10502 10502 4204228 3972640 231588 0 769636 674201 178490 244358 547047 577625 16647825 7174848 9762031 9472977 5764094 6822692 17021298 17791853 169671 109518 16111 104435 13326299 12926639 1898071 2715721 15410152 15856313 X 1611146 1935540 1611146 1935540 17021298 17791853 X 202943 121451 X X 0 1 X 1 0 580500 580500 4396199 4396199 0 11563299 2716982 8846317 107827 61667 46160 9472977 INTER-COMPANY RECEIVABLES 4898608 SECURITY DEPOSITS 12000 CONSTRUCTION IN PROGRESS 1305057 INTEREST RATE SWAP ASSET 607027 6822692 TENANT SECURITY DEPOSITS 718968 INTER-COMPANY PAYABLE 1996753 2715721 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, 2024 AND 2023. MANAGEMENT OF THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS ON THE INCOME TAX LINE IN THE ACCOMPANYING CONSOLIDATED STATEMENTS OF ACTIVITIES ACCRUED INTEREST AND PENALTIES ARE INCLUDED ON THE RELATED LIABILITY LINES IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. THERE WERE NO INTEREST AND PENALTIES RECOGNIZED FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023. X 0 0 X X 0 0 0 0 0 0 0 1 0 BRIAN T COLEMAN CEO 0 418025 0 8328 0 1200 0 19280 0 26912 0 473745 0 0 MICHAEL CAVAGNARO CFO 0 217275 0 4260 0 0 0 11068 0 10488 0 243091 0 0 CASSANDRA SMITH SENIOR PROJECT MANAGER 0 174204 0 3683 0 1200 0 9569 0 27931 0 216587 0 0 CURTIS BIEDERBECK FACILITIES MANAGER 0 121586 0 2685 0 7194 0 6976 0 26400 0 164841 0 0 GUSTAVO MARTINEZ PROJECT MANAGER 0 121185 0 2622 0 1200 0 6811 0 25968 0 157786 0 0 PART I, LINE 1A THE FACILITIES MANAGER RECEIVED A TRAVEL ALLOWANCE OF $5,994 FOR THE 2024 CALENDAR YEAR. PART I, LINE 3 THE CEO'S SALARY IS PAID THROUGH A RELATED ORGANIZATION, GREENPOINT MANUFACTURING AND DESIGN CENTER LOCAL DEVELOPMENT CORPORATION (GMDC). THE EXECUTIVE COMMITTEE, IN CONSULTATION WITH THE FULL-BOARD, CONDUCTS AN ANNUAL REVIEW OF THE CEO'S PERFORMANCE, COMPENSATION LEVEL, AND CONTRIBUTION TO THE ORGANIZATION. THE BOARD REVIEWS COMPARATIVE SALARIES FOR BOTH THE PRIVATE AND NON-PROFIT SECTORS AND SETS THE COMPENSATION PACKAGE. PART I, LINE 7 A DISCRETIONARY BONUS BASED ON EMPLOYEE PERFORMANCE WAS PROVIDED TO THE EMPLOYEES LISTED IN SCHEDULE J. 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 15 SEE SCHEDULE J PART III. 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 SWAP 121,451. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. GREENPOINT MANUFACTURING AND DESIGN CENTER 1155 MANHATTAN AVENUE BROOKLYN NY 11222 113132562 CREATE AND SUSTAIN VIABLE MANUFACTURING SECTORS IN URBAN NEIGHBORHOODS. NY 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 GREENPOINT MANUFACTURING AND DESIGN CENTER LOCAL DEVELOPMENT CORPORATION M 700000 ADMINISTRATIVE FEE GREENPOINT MANUFACTURING AND DESIGN CENTER LOCAL DEVELOPMENT CORPORATION O 478203 ALLOCABLE SALARIES