2025-09-29T13:29:05-05:00 2024-12-31 881478669 CBIZ ADVISORS LLC 68 SOUTH SERVICE ROAD SUITE 300 MELVILLE NY 117472354 990 2024-01-01 113132562 GREENPOINT MANUFACTURING AND DESIGN CENTER LOCAL DEVELOPMENT CORPORATION GREE 7183833935 1155 MANHATTAN AVENUE BROOKLYN NY 11222 BRIAN T COLEMAN CEO 7183833935 2025-09-15 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 7761925 0 X GMDCONLINE.ORG X 1992 NY CREATES AND SUSTAINS VIABLE MANUFACTURING SECTORS IN URBAN NEIGHBORHOODS. 14 13 25 13 42056 10206 1625692 1161916 4108188 4516189 519645 587499 219442 1496321 6472967 7761925 0 0 0 0 1933062 2116058 0 0 106221 3969198 4179211 5902260 6295269 570707 1466656 68216932 68391458 39929245 38655573 28287687 29735885 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 5542033 4516189 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. 5542033 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 0 0 0 0 0 0 1 1 0 1 0 1 14 0 1 25 1 1 1 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 24.00 16.00 X X 427553 0 46192 SEBASTIAN HARDY CHAIR 0.60 0.40 X X 0 0 0 LIBBY RYAN VICE CHAIR 0.60 0.40 X X 0 0 0 HARRY SCHWARTZ SECRETARY 0.60 0.40 X X 0 0 0 ROSALIND S PAASWELL TREASURER 0.60 0.40 X X 0 0 0 KATE ASCHER DIRECTOR 0.60 0.40 X 0 0 0 ALIREZA ESMAEILZADEH DIRECTOR 0.60 0.40 X 0 0 0 MORT GOLDFEIN DIRECTOR 0.60 0.40 X 0 0 0 JOHN HOROWITZ DIRECTOR 0.60 0.40 X 0 0 0 LORINDA KAROFF DIRECTOR 0.60 0.40 X 0 0 0 JUDITH KUNOFF DIRECTOR 0.60 0.40 X 0 0 0 ADAM TELL METZGER DIRECTOR 0.60 0.40 X 0 0 0 MICHAEL NIXON DIRECTOR 0.60 0.40 X 0 0 0 JOSEPH TOOMA DIRECTOR 0.60 0.40 X 0 0 0 MICHAEL CAVAGNARO CFO 24.00 16.00 X 221535 0 21556 CASSANDRA SMITH SENIOR PROJECT MANAGER 24.00 16.00 X 179087 0 37500 CURTIS BIEDERBECK FACILITIES MANAGER 24.00 16.00 X 131465 0 33376 GUSTAVO MARTINEZ PROJECT MANAGER 24.00 16.00 X 125007 0 32779 1084647 0 171403 5 0 1 0 0 1161916 1161916 RENTAL INCOME 531120 4260170 4260170 REAL ESTATE TAX REIMBURSEMENTS 531110 256019 256019 4516189 587499 587499 INVESTMENT PASSTHROUGH 900001 1411122 1411122 MISCELLANEOUS 531120 85199 42056 43143 1496321 7761925 4516189 42056 2041764 792572 570653 182292 39627 816421 621500 160113 34808 25197 18641 5385 1171 329232 240346 73013 15873 152636 111271 33978 7387 30067 30067 126770 126770 62814 58717 3366 731 55657 40073 12801 2783 1394516 1394516 1029363 1026222 2580 561 511910 506019 4839 1052 TAXES 775 775 0 0 REAL ESTATE TAXES 411598 411598 0 0 UTILITIES 319543 319543 0 0 REPAIRS & MAINTENANCE 114302 112740 1562 0 121896 109419 10249 2228 6295269 5542033 647015 106221 1963506 463533 2874636 4582832 240173 263925 29193678 29193678 367895 368060 38473112 14105957 25251836 24367155 8325208 9152275 68216932 68391458 202923 245554 30383 6616 20907796 20526001 13471234 13302252 5316909 4575150 39929245 38655573 X 28287687 29735885 28287687 29735885 68216932 68391458 X 1466656 -18458 X X 0 1 X 1 0 X 2275333 418237 500956 1625692 1161916 5982134 2275333 418237 500956 1625692 1161916 5982134 5982134 504376 582626 404127 519645 587499 2598273 27982 43179 10927 10927 42056 135071 109748 528939 255045 10569 1454265 2358566 11074044 18023704 0.54020 0.63930 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 109,748. 2021 AMOUNT: $ 104,166. 2022 AMOUNT: $ 132,288. 2023 AMOUNT: $ 284,633. 2024 AMOUNT: $ 43,143. EQUITY INTEREST IN SUBSIDIARY - 2021 AMOUNT: $ 424,773. 2022 AMOUNT: $ 122,757. 2023 AMOUNT: $ -274,064. 2024 AMOUNT: $ 1,411,122. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1062150 1062150 25185872 10733357 14452515 11648476 2965859 8682617 556314 406741 149573 20300 20300 24367155 INTER-COMPANY RECEIVABLES 1714972 GOODWILL 17641 SECURITY DEPOSITS 11570 INVESTMENT IN GMDC OP MANAGER 80 INVESTMENT IN GMDC TWO CORPORATION 1935540 INTEREST RATE SWAP ASSET 1363567 DUE FROM RELATED PARTY 829659 INVESTMENT IN GMDC OP 3279246 9152275 INTERCOMPANY PAYABLES 3519188 DEFICIT IN GMDC OP MANAGER 2526 DEFICIT IN GMDC PHILADELPHIA 394998 TENANT SECURITY DEPOSITS 636253 DEFICIT IN GMDC BROWNSVILLE 18077 DEFICIT IN GMDC OP MASTER 4108 4575150 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. X 0 0 X X 0 0 0 0 0 0 0 1 0 BRIAN T COLEMAN CEO 418025 0 8328 0 1200 0 19280 0 26912 0 473745 0 0 0 MICHAEL CAVAGNARO CFO 217275 0 4260 0 0 0 11068 0 10488 0 243091 0 0 0 CASSANDRA SMITH SENIOR PROJECT MANAGER 174204 0 3683 0 1200 0 9569 0 27931 0 216587 0 0 0 CURTIS BIEDERBECK FACILITIES MANAGER 121586 0 2685 0 7194 0 6976 0 26400 0 164841 0 0 0 GUSTAVO MARTINEZ PROJECT MANAGER 121185 0 2622 0 1200 0 6811 0 25968 0 157786 0 0 0 PART I, LINE 1A THE FACILITIES MANAGER RECEIVED A TRAVEL ALLOWANCE OF $5,994 FOR THE 2024 CALENDAR YEAR. 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 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 5,357. UNREALIZED LOSS ON INTEREST RATE SWAP-ATLANTIC AVE SMLLC 28,109. NET ASSET ADJUSTMENT - GMDC -51,924. 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 977388 22427442 GMDC MCKIBBIN MASTER TENANTLLC 1155 MANHATTAN AVENUE BROOKLYN NY 11222 262415583 LEASE PROPERTY FROM 221 MCKIBBIN OWNER LLC NY 1159462 12447195 GMDC GMDC ATLANTIC AVENUE 1155 MANHATTAN AVENUE BROOKLYN NY 11222 455321043 CREATE AND SUSTAIN VIABLE MANUFACTURING SECTORS IN BROOKLYN NY 909332 13246290 GMDC GMDC HUMBOLDT STREET LLC 1155 MANHATTAN AVENUE BROOKLYN NY 11222 863409197 CREATE AND SUSTAIN VIABLE MANUFACTURING SECTORS IN BROOKLYN NY 1332660 8634406 GMDC GMDC ST NICHOLAS AVENUE LLC 1155 MANHATTAN AVENUE BROOKLYN NY 11222 863365769 CREATE AND SUSTAIN VIABLE MANUFACTURING SECTORS IN BROOKLYN NY 465191 3862420 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 GMDC C 680989 72 0.90000 1 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 478203 ALLOCATION OF EMPLOYEE TIME GMDC TWO CORP L 700000 ADMINISTRATIVE FEE