2026-09-24T15:34:13-05:00 2025-12-31 881478669 CBIZ ADVISORS LLC 1899 L STREET NW 850 WASHINGTON DC 20036 990 2025-01-01 113132562 GREENPOINT MANUFACTURING AND DESIGN CENTER LOCAL DEVELOPMENT CORPORATION GREE 7183833935 1155 MANHATTAN AVENUE BROOKLYN NY 11222 BRIAN T COLEMAN CEO 7183833935 2026-11-16 1 AARON FOX P01365820 2022274000 2025 BRIAN T COLEMAN 1155 MANHATTAN AVENUE BROOKLYN NY 11222 7917281 0 X GMDCONLINE.ORG X 1992 NY CREATES AND SUSTAINS VIABLE MANUFACTURING SECTORS IN URBAN NEIGHBORHOODS. 12 11 27 11 48598 13781 1161916 1461134 4516189 5875231 587499 369464 1496321 211452 7761925 7917281 0 0 0 0 2116058 2164480 0 0 134337 4179211 6192606 6295269 8357086 1466656 -439805 68391458 74532429 38655573 40194584 29735885 34337845 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 7539153 6038085 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. 7539153 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 1 0 0 0 1 1 1 1 1 0 1 12 0 1 27 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X MICHAEL CAVAGNARO CFO 7183833935 1155 MANHATTAN AVENUE BROOKLYN NY 11222 BRIAN T COLEMAN CEO 24.00 32.00 X X 525459 0 67584 KATE ASCHER CHAIR 0.60 0.80 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 0.80 X X 0 0 0 ADAM TELL METZGER DIRECTOR 0.60 0.40 X 0 0 0 ALIREZA ESMAEILZADEH DIRECTOR (OUTGOING) 0.60 0.40 X 0 0 0 JOHN HOROWITZ DIRECTOR (OUTGOING) 0.60 0.40 X 0 0 0 JOSEPH TOOMA DIRECTOR (OUTGOING) 0.60 0.40 X 0 0 0 JUDITH KUNOFF DIRECTOR 0.60 0.40 X 0 0 0 LORINDA KAROFF DIRECTOR 0.60 0.40 X 0 0 0 MEGHAN TAYLOR-STESHYN DIRECTOR 0.60 0.40 X 0 0 0 MICHAEL NIXON DIRECTOR 0.60 0.40 X 0 0 0 MORT GOLDFEIN DIRECTOR 0.60 0.40 X 0 0 0 SEBASTIAN HARDY DIRECTOR 0.60 0.40 X 0 0 0 MICHAEL CAVAGNARO CFO 24.00 32.00 X 254904 0 26648 CASSANDRA SMITH SENIOR PROJECT MANAGER 24.00 16.00 X 209484 0 54880 CURTIS BIEDERBECK FACILITIES MANAGER 24.00 16.00 X 155947 0 52567 GUSTAVO MARTINEZ PROJECT MANAGER 24.00 16.00 X 152578 0 46328 VASSILI PRIIMAK BUILDING MAINTENANCE 24.00 16.00 X 108674 0 35059 1407046 0 283066 6 0 1 0 0 1011134 450000 450000 1461134 RENTAL INCOME 531120 5575053 5575053 REAL ESTATE TAX REIMBU 531110 300178 300178 5875231 369464 369464 MISCELLANEOUS 531120 211452 162854 48598 211452 7917281 6038085 48598 369464 874595 629708 201157 43730 846228 637447 156609 52172 30711 21915 6581 2215 246937 176870 54532 15535 166009 119026 36956 10027 36410 36410 139996 139996 79085 62985 15104 996 108603 83498 19747 5358 825600 825600 2260852 2260852 1619016 1616049 2334 633 613888 606152 6085 1651 TAXES 2440 2440 ALLOW. FOR CREDIT LOSSE 159374 159374 REPAIRS & MAINTENANCE 115886 115245 641 NMTC REIMB. EXP. 82606 82606 148850 139386 7444 2020 8357086 7539153 683596 134337 463533 947993 4582832 1323572 263925 494415 29193678 8201978 368060 450490 73384555 19545869 24367155 53838686 9152275 9275295 68391458 74532429 245554 244138 6616 88141 20526001 29955177 13302252 4575150 9907128 38655573 40194584 X 29735885 34337845 29735885 34337845 68391458 74532429 X -439805 5041765 X X 0 1 X 1 0 X 418237 500956 1625692 1161916 1461134 5167935 418237 500956 1625692 1161916 1461134 5167935 5167935 582626 404127 519645 587499 369464 2463361 43179 10927 10927 42056 107089 528939 255045 10569 1454265 211452 2460270 10198655 20823099 0.50670 0.54020 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2021 AMOUNT: $ 104,166. 2022 AMOUNT: $ 132,288. 2023 AMOUNT: $ 284,633. 2024 AMOUNT: $ 43,143. 2025 AMOUNT: $ 211,452. 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 4730100 4730100 56072303 15981756 40090547 11926674 3129147 8797527 577406 434966 142440 78072 78072 53838686 INTER-COMPANY RECEIVABLES 6138305 SECURITY DEPOSITS 19507 INVESTMENT IN GMDC TWO CORPORATION 1915055 INTEREST RATE SWAP ASSET 918699 MORTGAGE ESCROW RESERVES 283729 9275295 INTERCOMPANY PAYABLES 8194788 DEFICIT IN GMDC OP MANAGER 440 DEFICIT IN GMDC PHILADELPHIA 345997 TENANT SECURITY DEPOSITS 920461 DEFICIT IN GMDC BROWNSVILLE 320323 DEFICIT IN GMDC OP MASTER 2526 INTEREST RATE SWAP LIABILITY 122593 9907128 X 40456723 -567461 69675 33037228 32539442 7917281 0 7917281 12654191 69675 4227430 4297105 8357086 0 8357086 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, 2025 AND 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITIES REVENUE 4,806,446. CONSOLIDATING ELIMINATIONS -28,654,177. PREMIUM PAID FOR NONCONTROLLING INTEREST -457,868. EQUITY INTEREST IN SUBSIDIARY 27,814,827. FORGIVENESS OF DEBT 29,528,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITIES EXPENSES 5,080,696. CONSOLIDATING ELIMINATIONS -853,266. X X 0 0 0 0 0 0 0 1 0 BRIAN T COLEMAN CEO 495121 0 29138 0 1200 0 22965 0 44619 0 593043 0 0 0 MICHAEL CAVAGNARO CFO 228510 0 26394 0 0 0 11638 0 15010 0 281552 0 0 0 CASSANDRA SMITH SENIOR PROJECT MANAGER 184467 0 23817 0 1200 0 9943 0 44937 0 264364 0 0 0 CURTIS BIEDERBECK FACILITIES MANAGER 127972 0 20781 0 7194 0 7365 0 45202 0 208514 0 0 0 GUSTAVO MARTINEZ PROJECT MANAGER 131141 0 20237 0 1200 0 7248 0 39080 0 198906 0 0 0 PART I, LINE 7 A DISCRETIONARY BONUS BASED ON EMPLOYEE PERFORMANCE WAS PROVIDED TO THE EMPLOYEES LISTED IN PART II, COLUMN B(II). BONUSES ARE APPROVED BY BRIAN T. COLEMAN, CEO. PART II, COLUMN B(III): CURTIS BIEDERBECK, THE FACILITIES MANAGER, RECEIVED A AUTO ALLOWANCE OF $5,994 FOR THE 2025 CALENDAR YEAR. THIS IS INCLUDED IN PART II, COLUMN B(III). X FORGIVENESS OF DEBT 2 450000 FMV 0 0 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT. THE 990 IS THEN 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. OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE SWAPS-MCKIBBIN SMLLC -285,955. UNREALIZED LOSS ON INTEREST RATE SWAP-ATLANTIC AVE SMLLC -158,913. PREMIUM PAID FOR NONCONTROLLING INTEREST -457,868. REVERSAL OF NONCONTROLLING INTEREST -194,863. EQUITY INTEREST IN SUBSIDIARY -274,250. UNREALIZED LOSS ON INTEREST RATE SWAP - OP LLC, MASTER TENANT LLC -122,593. FORGIVENESS OF DEBT 9,368,300. NET ASSET ADJUSTMENT - GMDC -2,832,093. 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 986395 22421687 GMDC MCKIBBIN MASTER TENANT LLC 1155 MANHATTAN AVENUE BROOKLYN NY 11222 262415583 LEASE PROPERTY FROM 221 MCKIBBIN OWNER LLC NY 1272479 12544582 GMDC GMDC ATLANTIC AVENUE LLC 1155 MANHATTAN AVENUE BROOKLYN NY 11222 455321043 CREATE AND SUSTAIN VIABLE MANUFACTURING SECTORS IN BROOKLYN NY 725249 12971389 GMDC GMDC HUMBOLDT STREET LLC 1155 MANHATTAN AVENUE BROOKLYN NY 11222 863409197 CREATE AND SUSTAIN VIABLE MANUFACTURING SECTORS IN BROOKLYN NY 1477730 9696716 GMDC GMDC ST NICHOLAS AVENUE LLC 1155 MANHATTAN AVENUE BROOKLYN NY 11222 863365769 CREATE AND SUSTAIN VIABLE MANUFACTURING SECTORS IN BROOKLYN NY 461790 4259052 GMDC GMDC OP LLC 1155 MANHATTAN AVENUE BROOKLYN NY 11222 814735472 RENTAL REAL ESTATE NY 30792146 41392129 GMDC GMDC OP MASTER TENANT LLC 1155 MANHATTAN AVENUE BROOKLYN NY 11222 821794510 RENTAL REAL ESTATE NY 1426296 17011314 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 PROVIDING MANUFACTURING SPACE AND SERVICES TO SMALL BUSINESSES PA 501(C) 3 LINE 10 N/A 1 GMDC OP MASTER TENANT LLC 101-01 95TH AVENUE OZONE PARK NY 11416 821794510 RENTAL REAL ESTATE DE N/A N/A 0 1 GMDC OP LLC 1155-1205 MANHATTAN AVENUE BROOKLYN NY 11222 814735472 RENTAL REAL ESTATE DE N/A N/A 0 1 GMDC OP MANAGER LLC 1155 MANHATTAN AVENUE BROOKLYN NY 11222 821781381 MANAGE DEVELOPMENT OF INDUSTRIAL SPACE DE GMDC C 80 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 1 0 0 0 0 0 0 1 0 0 1 0 0 1 0 GMDC TWO CORP O 500489 ALLOCATION OF EMPLOYEE TIME GMDC TWO CORP L 700000 ADMINISTRATIVE FEE