2026-08-11T16:15:37-05:00 2025-12-31 946214841 ARMANINO ADVISORY LLC 437 MADISON AVE SUITE 3700 NEW YORK NY 10022 990 2025-01-01 237021273 GREATER JAMAICA DEVELOPMENT CORPORATION GREA 7182910282 90-04 161ST STREET 704 JAMAICA NY 11432 CLAYTON RUSSELL CHIEF FINANCIAL OFFICER 7182910282 2026-08-11 1 MATTHEW PETROSKI P00853132 2127926300 2026-08-10 2025 2025-03-06 01:10:19Z JUSTIN K RODGERS 90-04 161ST STREET 704 JAMAICA NY 11432 16920051 0 X WWW.GJDC.ORG X 1967 NY GJDC ENVISAGES JAMAICA AS A VITAL AND DIVERSE DOWNTOWN FOR ALL OF THOSE WHO WORK, LIVE, SHOP OR VISIT HERE. WE SEE DOWNTOWN JAMAICA AS A MIXED-INCOME RESIDENTIAL COMMUNITY INCLUDING AFFORDABLE HOUSING. AT ITS CENTER IS A MULTI-MODAL TRANSPORTATION NEXUS, INCLUDING TRAIN, SUBWAY, BUS SERVICE AND CONNECTED TO JFK INTERNATIONAL AIRPORT VIA AIRTRAIN; SUPPORTING OUR COMMERCIAL CORRIDORS. WE SEEK TO ENHANCE DOWNTOWN JAMAICA AS AN ATTRACTIVE PLACE FOR PRIVATE INVESTMENT WHICH WILL ALSO SUPPORT CULTURAL ACTIVITIES AND AMENITIES THAT ENHANCE THE QUALITY-OF-LIFE FOR ITS CITIZENS. 30 30 41 30 0 0 1185778 1517620 6595427 6698344 473382 906613 110327 76359 8364914 9198936 169450 146250 0 0 3769631 4243656 0 0 400393 7280673 7858227 11219754 12248133 -2854840 -3049197 38237131 37549716 16711710 19020200 21525421 18529516 X SEE SCHEDULE OGREATER JAMAICA DEVELOPMENT CORPORATION ("GJDC") IS A COMMUNITY-BUILDING ORGANIZATION THAT PLANS, PROMOTES, COORDINATES AND ADVANCES RESPONSIBLE DEVELOPMENT TO REVITALIZE DOWNTOWN JAMAICA. MARSHALLING ITS OWN RESOURCES AS WELL AS THOSE OF THE PUBLIC, PRIVATE AND NOT-FOR-PROFIT SECTORS, THE CORPORATION'S FOCUS IS TO EXPAND ECONOMIC OPPORTUNITY AND IMPROVE THE QUALITY OF LIFE FOR THE ETHNICALLY AND ECONOMICALLY DIVERSE RESIDENTS OF JAMAICA. GJDC LEVERAGES ITS SUBSTANTIAL CAPACITY TO ASSIST OTHER MISSION-BASED ORGANIZATIONS IN SOUTHEAST QUEENS TO INCREASE THEIR EFFECTIVENESS. 0 0 4278567 1000 4442997 SEE SCHEDULE OEFFECTIVE PARKING TO CATALYZE ECONOMIC GROWTH:WITH A LARGE DRIVING POPULATION, THE ECONOMIC VITALITY OF DOWNTOWN JAMAICA IS UNDERPINNED BY CAR-BASED TRANSPORTATION - AS LOCAL RESIDENTS AND WORKERS RELY ON VEHICLES TO GET TO AND FROM WORK, HOME, SHOPPING, SCHOOL AND CULTURAL VENUES. TO ADDRESS THIS BASIC NEED, GJDC PROVIDES AUGMENTED, BELOW-MARKET PARKING TO SUPPORT AND BOLSTER ECONOMIC ACTIVITY DOWNTOWN. JAMAICA FIRST PARKING, LLC ("JFP"), A WHOLLY OWNED SUBSIDIARY OF GJDC, OWNS AND OPERATES PARKING IN THE DOWNTOWN IN ORDER IMPROVE TRANSPORTATION, SUPPORT LOCAL ECONOMIC ACTIVITY AND DEVELOPMENT. AS THE NONPROFIT OWNER OF FOUR PARKING FACILITIES WITH APPROXIMATELY 1,800 SPACES IN THE DOWNTOWN, JFP PROVIDES SAFE, ATTRACTIVE, AFFORDABLY PRICED PARKING TO SUPPORT ECONOMIC AND CULTURAL ACTIVITY IN JAMAICA. 2891448 2170329 SEE SCHEDULE OJAMAICA MARKET:SINCE ITS OPENING IN 1990, THE JAMAICA MARKET HAS ESTABLISHED ITSELF AS A COMMUNITY MEETING PLACE OFFERING AN ECLECTIC ARRAY OF AFFORDABLE CULINARY CHOICES - FROM SALADS AND SANDWICHES TO JUICES AND ETHNIC FOODS FROM ASIA, LATIN AMERICA, AND THE CARIBBEAN ALL IN A CONVENIENT LOCATION. OVER THE YEARS, THE MARKET HAS HELPED MANY CREATIVE AND AMBITIOUS ENTREPRENEURS START BUSINESSES IN A COMMERCIAL CORRIDOR WHERE IT MIGHT OTHERWISE BE TOO EXPENSIVE FOR THEM TO OPEN SHOP; THERE ARE CURRENTLY OVER 20 SHOPS SELLING HOT FOOD, NEWS, COFFEE, MAGAZINES, FLOWERS, COSMETICS, JEWELRY, HAIR PRODUCTS AND MORE. IN ADDITION, THE HARVEST ROOM IS LOCATED IN THE JAMAICA MARKET. AS ONE OF THE ONLY OFFERINGS OF ITS KIND IN DOWNTOWN JAMAICA THE HARVEST ROOM SERVES AS A LARGE SCALE EVENT SPACE THAT GJDC OFFERS FOR COMMUNITY CONVENING PURPOSES. ABLE TO ACCOMMODATE UP TO 150 GUESTS, THE LOCAL COMMUNITY USES THE HARVEST ROOM FOR A WIDE VARIETY OF FAMILY, SOCIAL, AND BUSINESS EVENTS. NOT ONLY CAN THE VENUE BE RENTED FOR AFFORDABLE RATES, GJDC ALSO PROVIDES THE SPACE IN-KIND FOR CERTAIN COMMUNITY EVENTS. GREATER NEXUS:SINCE OPENING IN 2022, GREATER NEXUS HAS EMERGED AS A PREMIER COWORKING SPACE AND ENTREPRENEURSHIP HUB IN SOUTHEAST QUEENS, DESIGNED TO EMPOWER LOCAL BUSINESSES WITH ACCESS TO MODERN AMENITIES AND CRITICAL RESOURCES. LOCATED IN DOWNTOWN JAMAICA, THE 10,000+ SQUARE FOOT FACILITY PROVIDES AFFORDABLE, FLEXIBLE WORKSPACE TO A LARGELY MINORITY-OWNED BUSINESS COMMUNITY THAT HAS HISTORICALLY LACKED SUCH ACCESS. DESPITE PANDEMIC-RELATED DELAYS, GREATER NEXUS REACHED FULL OCCUPANCY IN ITS PRIVATE OFFICES WITHIN ITS FIRST YEAR AND CONTINUES TO OFFER FLEXIBLE WORKSPACES FOR HUNDREDS OF ENTREPRENEURS AND NONPROFITS. IN 2023 ALONE, GREATER NEXUS HOSTED MORE THAN 120 EVENTS, SERVED OVER 2,500 UNIQUE VISITORS, AND SUPPORTED MORE THAN 200 SMALL BUSINESSESTHROUGH DIRECT SERVICES, TECHNICAL ASSISTANCE, AND NETWORKING OPPORTUNITIES.GREATER NEXUS OFFERS A HIGH-END, HOSPITALITY-FOCUSED EXPERIENCE THAT RIVALS TOP-TIER COWORKING SPACES ACROSS NEW YORK CITY, WHILE REMAINING ACCESSIBLE TO LOCAL ENTREPRENEURS.WITH WELLNESS ROOMS, SOUNDPROOF PHONE BOOTHS, TECH-ENABLED CONFERENCE ROOMS, AND STATE-OF-THE-ART A/V CAPABILITIES, THE SPACE IS DESIGNED TO FOSTER CREATIVITY, COLLABORATION, AND GROWTH. MEMBERS BENEFIT FROM A FLEXIBLE PRICING MODEL, FROM DAY PASSES TO LONG-TERM PRIVATE OFFICES AND CAN TAKE ADVANTAGE OF MORE THAN 50 WORKSHOPS, MONTHLY INDUSTRY NETWORKING EVENTS, AND CURATED BUSINESS SUPPORT PROGRAMS. AS A CERTIFIED HUB FOR TRAINING AND CREDENTIALING, GREATER NEXUS ALSO PARTNERS WITH WORKFORCE AGENCIES AND EDUCATIONAL INSTITUTIONS TO HOST CERTIFICATION PROGRAMS IN DIGITAL MARKETING, BUSINESS OPERATIONS, AND MWBE COMPLIANCE, PROVIDING TANGIBLE PATHWAYS TO ECONOMIC MOBILITY.GREATER NEXUS IS HOME TO A GROWING SUITE OF INNOVATIVE INITIATIVES DESIGNED TO CLOSE OPPORTUNITY GAPS AND STRENGTHEN THE LOCAL ECONOMY. AMONG THESE IS THESMALL BUSINESS INITIATIVE, WHICH PROVIDES UP TO 15 ENTREPRENEURS WITH COMPLIMENTARY COWORKING ACCESS FOR ONE TO SIX MONTHS, PAIRING THEM WITH MENTORS AND BUSINESS DEVELOPMENT RESOURCES. THIS INITIATIVE IS COMPLEMENTED BY PROGRAMMING IN FINANCIAL LITERACY, CIVIC ENGAGEMENT, WORKFORCE DEVELOPMENT, AND YOUTH EDUCATION. PARTICIPANTS ALSO GAIN ACCESS TO SPECIALIZED CERTIFICATIONS, ONE-ON-ONE TECHNICAL ASSISTANCE, AND RESOURCES FROM OUR BUSINESS SERVICES GROUP. BY PROVIDING ACCESS TO SPACE, TRAINING, AND COMMUNITY, GREATER NEXUS IS NOT ONLY GROWING BUSINESSES, IT'S BUILDING THE INFRASTRUCTURE FOR LONG-TERM, INCLUSIVE ECONOMIC GROWTH IN SOUTHEAST QUEENS AND BEYOND. 1264173 145250 243016 SEE SCHEDULE OFACILITATING AFFORDABLE HOUSING DEVELOPMENT:IN RESPONSE TO RESOUNDING DEMAND FOR AFFORDABLE HOUSING AND NEW RETAIL BY THE JAMAICA COMMUNITY, GJDC HAS WORKED CLOSELY WITH PRIVATE DEVELOPERS TO HELP FACILITATE THE CONSTRUCTION OF MORE MIXED-USE, AFFORDABLE BUILDINGS IN DOWNTOWN JAMAICA.MOREOVER, GJDC'S NEXT INITIATIVE IS TO REPURPOSE ONE OF OUR UNDERUTILIZED PARKING GARAGES INTO A MIXED-USE DEVELOPMENT WHILE MAINTAINING OUR COMMITMENT TO AFFORDABLE PUBLIC PARKING. THE PROJECT WILL INCLUDE SUBGRADE PARKING WITH EV CHARGING STATIONS TO ENSURE CONTINUED ACCESS FOR COMMUNITY MEMBERS. THE DEVELOPMENT WILL ALSO FEATURE GROUND-FLOOR RETAIL, OVER 300 MIXED-INCOME RENTAL APARTMENTS, AND 55 AFFORDABLE HOMEOWNERSHIP CONDOS. BY INCREASING ACCESS TO STABLE, QUALITY HOUSING AND CREATING PATHWAYS TO OWNERSHIP, THE PROJECT WILL HELP STRENGTHEN COMMUNITY TIES, PROMOTE LONG-TERM RESIDENCY, AND SUPPORT GENERATIONAL WEALTH-BUILDING FOR LOCAL FAMILIES.EVENTS AND PROGRAMMING:IN ORDER TO HELP CONNECT RESIDENTS TO THEIR NEIGHBORHOOD, GJDC SPONSORS SEVERAL EVENTS THROUGHOUT THE YEAR, INCLUDING A WOMEN'S HISTORY MONTH CELEBRATION IN MARCH, A SMALL BUSINESS LEGISLATIVE EVENT IN MAY, SEMI-ANNUAL SMALL BUSINESSES EXPOS AND A 5K WALK/RUN IN THE FALL.IMPROVING INFRASTRUCTURE AND ACCESS:GJDC HAS PLAYED A KEY ROLE IN ADVOCATING FOR AND SECURING FUNDING FOR VARIOUS, LARGE-SCALE TRANSPORTATION IMPROVEMENT PROJECTS IN THE DOWNTOWN AREA. THESE PROJECTS AIM TO INCREASE PEDESTRIAN ACCESS AND SAFETY, IMPROVE TRAFFIC FLOW, ACCOMMODATE INCREASED BUS VOLUMES, CREATE NEW PUBLIC OPEN SPACE AND SUPPORT ECONOMIC REVITALIZATION.MOST RECENTLY, GJDC COMPLETED A FULL LIGHTING REPLACEMENT AT THE PREVIOUSLY DARK AND UNSAFE LIRR SUTPHIN BLVD UNDERPASS. FUNDED BY GRANTS FROM LOCAL ELECTED OFFICIALS, THE PROJECT HAS SIGNIFICANTLY IMPROVED SAFETY FOR COMMUNITY MEMBERS AND DAILY COMMUTERS. IT REFLECTS OUR ONGOING COMMITMENT TO CREATING A SAFER, MORE WELCOMING ENVIRONMENT FOR ALL. 524948 BUSINESS SERVICES:GJDC'S BUSINESS SERVICES GROUP (BSG) DELIVERS DIRECT SUPPORT TO LOCAL SMALL BUSINESSES, WITH A STRATEGIC FOCUS ON DRIVING JOB CREATION, PARTICULARLY WITHIN INDUSTRIAL SECTORS AND BUSINESSES LOCATED IN OR NEAR LOW-TO-MODERATE INCOME (LMI) CENSUS TRACTS.BSG SERVES AS A KEY RESOURCE TO BUSINESSES AND A TRUSTED INTERMEDIARY WITH THE CITY. WE MONITOR AND REPORT ON BUSINESS NEEDS IN CITY-DESIGNATED INDUSTRIAL BUSINESS ZONES (IBZS), AND ADVOCATE FOR INFRASTRUCTURE IMPROVEMENTS THAT SUPPORT INDUSTRIAL GROWTH AND EMPLOYMENT. OUR ASSISTANCE FOCUSES ON ENABLING JOB-GENERATING BUSINESSES TO THRIVE, BY HELPING THEM ACCESS FINANCING, GOVERNMENT INCENTIVES, AND REGULATORY GUIDANCE.OUR MISSION IS TO STRENGTHEN THE LOCAL ECONOMY BY HELPING BUSINESSES CREATE AND RETAIN QUALITY JOBS. THIS COMMITMENT INFORMS ALL OUR ACTIVITIES, INCLUDING ONE-ON-ONE TECHNICAL ASSISTANCE, COMMUNITY-BASED OUTREACH, AND PARTNERSHIPS THAT CONNECT BUSINESSES TO THE RESOURCES THEY NEED TO GROW.WHILE THE COVID-19 PANDEMIC PROMPTED AN URGENT EXPANSION OF OUR SERVICES, ALLOWING US TO ASSIST OVER 1,100 BUSINESSES AND HELP SECURE OVER $5 MILLION IN FUNDING AND GRANTS, OUR FOCUS HAS REMAINED STEADY: SUPPORTING SUSTAINABLE JOB GROWTH. POST-COVID, WE HAVE CONTINUED TO BUILD ON THIS MOMENTUM, DELIVERING AN EVEN HIGHER VOLUME AND IMPACT OF SERVICES EACH YEAR. TODAY, WE PROVIDE OVER 1,000 INSTANCES OF SUPPORT ANNUALLY, INCLUDING LOAN PACKAGING, BUSINESS PLANNING, AND WORKFORCE-RELATED SERVICES DESIGNED TO HELP BUSINESSES GROW AND HIRE.THROUGH TARGETED SUPPORT, LOCAL PARTNERSHIPS, AND A DEEP UNDERSTANDING OF THE INDUSTRIAL LANDSCAPE, BSG CONTINUES TO PLAY A CRITICAL ROLE IN DRIVING ECONOMIC DEVELOPMENT AND JOB CREATION ACROSS OUR SERVICE AREA. 524948 8959136 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 36 0 1 41 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NY X CLAYTON RUSSELL CHIEF FINANCIAL OFFICER 7182910282 90-04 161ST STREET 704 JAMAICA NY 11432 LAMONT R BAILEY CHAIR 1.00 3.00 X X 0 0 0 ELLIOT G SANDER VICE CHAIR 1.00 2.00 X X 0 0 0 MICHELLE STODDART VICE CHAIR 1.00 2.00 X X 0 0 0 JEFFREY S TERRY TREASURER 1.00 2.00 X X 0 0 0 CALVIN LAWRENCE JR SECRETARY 1.00 2.00 X X 0 0 0 RICHARD T ANDERSON DIRECTOR 1.00 2.00 X 0 0 0 ERIC BLUESTONE DIRECTOR 1.00 2.00 X 0 0 0 DAVID COTTON DIRECTOR 1.00 2.00 X 0 0 0 REBECCA DEUTSCHER DIRECTOR 1.00 2.00 X 0 0 0 CEDRIC DEW DIRECTOR 1.00 2.00 X 0 0 0 FRANK DIMOLA DIRECTOR 1.00 2.10 X 0 0 0 RICHARD DZWLEWICZ DIRECTOR 1.00 2.00 X 0 0 0 HAROLD FLAKE DIRECTOR 1.00 2.00 X 0 0 0 ICEMA D GIBBS DIRECTOR 1.00 2.00 X 0 0 0 HOWARD GRAF DIRECTOR 1.00 2.10 X 0 0 0 YESENIA GRAHAM DIRECTOR 1.00 2.00 X 0 0 0 DANIEL A GREENE DIRECTOR 1.00 2.00 X 0 0 0 GEORGE GUILLAUME DIRECTOR 1.00 2.00 X 0 0 0 WANDA JACKSON DIRECTOR 1.00 2.00 X 0 0 0 PHILIPPA KARTERON DIRECTOR 1.00 2.00 X 0 0 0 PETER KULKA DIRECTOR 1.00 2.00 X 0 0 0 MEREDITH MARSHALL DIRECTOR 1.00 2.00 X 0 0 0 REV PATRICK H O'CONNOR DIRECTOR 1.00 2.00 X 0 0 0 GREG POLIS DIRECTOR 1.00 2.00 X 0 0 0 REGINALD M RASCH DIRECTOR 1.00 2.00 X 0 0 0 REV DR CALVIN RICE DIRECTOR 1.00 2.00 X 0 0 0 YAROJIN ROBINSON DIRECTOR 1.00 2.00 X 0 0 0 OSAZE ROMANY DIRECTOR 1.00 2.00 X 0 0 0 DREW SPITLER DIRECTOR 1.00 2.00 X 0 0 0 JUDY TUCKER DIRECTOR 1.00 2.00 X 0 0 0 JUSTIN RODGERS PRESIDENT & CEO 31.90 3.10 X 305909 0 52488 TODD BENENSON ASSISTANT TREASURER/CFO 31.90 3.10 X 181291 0 36858 PATRICIA ROBINSON CHIEF ADMINISTRATIVE OFFICER/VP 33.00 2.00 X 194208 0 35516 MASHEIKA LEWIS ASSIST. SECRETARY/DIR. OF OPERATIONS 35.00 0.00 X 126194 0 28760 CLAYTON RUSSELL CHIEF FINANCIAL OFFICER 31.90 3.10 X 12395 0 0 ARON KURLANDER DIR. OF BUSINESS SERVICES 35.00 0.00 X 180636 0 16815 TIANA LIRIANO DIR. OF REAL EST. & PROP. 35.00 0.00 X 153419 0 43626 MITCHELL STERNBACH DIR. RESOURCE DEVELOPMENT 35.00 0.00 X 151906 0 46849 ANDREA HAYNES EXECUTIVE DIRECTOR GREATER NEXUS 30.00 5.00 X 137140 0 12789 VIARLENIS ACOSTA DIR. OF BUS. SVCS & SPECIAL EVENTS 35.00 0.00 X 136234 0 29133 1579332 0 302834 11 0 1 0 SENTINEL MANAGEMENT GROUP INC 96-59 222ND STREET SUITE 200 QUEENS VILLAGE NY 11429 SECURITY SERVICES 253068 LED RESULTS INC 670 MYRTLE AVENUE 407 BROOKLYN NY 11205 REPLACE UNDERPASS LIGHTS 223919 EMPIRE SECURITY AND PROTECTION LLC 70-64 KISSENA BLVD 2ND FLOOR FLUSHING NY 11367 SECURITY SERVICES 115171 3 444656 597899 475065 1517620 PARKING OPERATIONS 812930 3294479 3294479 RENTAL INCOME 532000 3185127 3185127 INTEREST ON LOANS 900099 122488 122488 MANAGEMENT FEES 900099 96250 96250 6698344 411808 411808 8092731 7597926 494805 494805 494805 41550 444656 123189 -81639 -81639 FDA QUEENS LP 900099 114974 114974 MISCELLANEOUS REVENUE 900099 43024 43024 157998 9198936 6856342 0 824974 146250 146250 961224 110418 779127 71679 2486906 1569127 728073 189706 232053 138941 65723 27389 287646 155304 109182 23160 275827 142167 114516 19144 21743 8006 13737 101904 101904 52338 52338 98017 2302 95715 59689 2065 57624 297193 128687 167601 905 188374 59638 128736 2706924 2567661 139263 79080 59131 14451 5498 79765 65597 10433 3735 546263 291283 254980 999941 972614 27327 932406 904632 27774 PARKING OPERATION 1036565 1036565 SECURITY SERVICES 396657 396657 OTHER EXPENSES 86232 86132 100 BAD DEBT EXPENSE 76785 68535 8250 98351 47424 50927 12248133 8959136 2888604 400393 1637015 2767603 178208 94646 366039 223068 526206 537359 9267500 9267500 569229 569322 29606172 18119013 12302962 11487159 9429824 10268151 14150 14150 3945998 2320758 38237131 37549716 1389993 1462735 80211 974057 4721027 4350871 1760678 1707877 4443862 4665000 4315939 5859660 16711710 19020200 X 21442904 18529516 82517 0 21525421 18529516 38237131 37549716 X -3049197 256060 -202768 X 0 1 X 1 1 1 X 1662127 910723 2949142 1185778 1517620 8225390 1662127 910723 2949142 1185778 1517620 8225390 184424 8040966 99544 179437 317911 360412 411808 1369112 229794 125329 127696 174305 157998 815122 10409624 33004199 0.77250 0.74780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 0 0 0 0 0 12248133 12608651 12248133 12608651 762407 780433 190602 195108 0 0 0 0 660305 700452 745622 780433 2886812 4330218 165076 175113 186406 195108 721703 1082555 PART II-A, AFFILIATED GROUP STATEMENT JAMAICA CAPITAL CORPORATION, EIN #13-4214984, 90-04 161ST STREET, JAMAICA, NY 11432; GREATER JAMAICA LOCAL DEVELOPMENT COMPANY, INC., EIN #11-2563026, 90-04 161ST STREET, JAMAICA, NY 11432 2651462 2651462 16385498 9935644 6449854 7809067 6181094 1627973 2760145 2002275 757870 11487159 SECURITY DEPOSITS 27866 DEFERRED DEVELOPMENT COSTS, NET 249457 RIGHT OF USE ASSETS 418199 LEASING COSTS, NET 434710 RESTRICTED CASH 1190526 2320758 LEASE LIABILITIES 434710 SECURITY DEPOSITS 262686 ADVANCES ON CONTRACTS & GRANTS 2000000 DUE TO RELATED ORGANIZATIONS 3162264 5859660 X PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR UNCERTAIN INCOME TAX POSITIONS IN ACCORDANCE WITH FASB ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. THERE HAS BEEN NO INTEREST OR PENALTIES RECOGNIZED IN THE CONSOLIDATED STATEMENT OF ACTIVITIES NOR IN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION RELATED TO UNCERTAIN TAX POSITIONS AS MANAGEMENT BELIEVES THEY HAVE APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN. IN ADDITION, NO TAX POSITIONS EXIST FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE OR DECREASE WITHIN THE NEXT 12 MONTHS. THE ORGANIZATION EVALUATES ANY UNCERTAIN TAX POSITIONS ON A CONTINUAL BASIS THROUGH REVIEW OF ITS POLICIES AND PROCEDURES AND DISCUSSIONS WITH OUTSIDE EXPERTS. MANAGEMENT BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2025 AND 2024. THE ORGANIZATION'S INFORMATIONAL TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE RESPECTIVE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. ANNUAL GALA 486206 444656 41550 89560 27134 6495 486206 444656 41550 89560 27134 6495 123189 -81639 1 GREATER JAMAICA LOCAL DEVELOPMENT COMPANY INC 90-04 161ST STREET SUITE 704 JAMAICA NY 11432 112563026 501(C)(3) 110000 0 ANNUAL CONTRIBUTION REGIONAL PLAN ASSOCIATION ONE WHITE HALL STREET 16TH FLOOR NEW YORK NY 10004 131624154 501(C)(3) 16250 0 TICKETS AND SPONSORSHIP 2 0 PART I, LINE 2: GJDC MONITORS GRANTEES THROUGH DIRECT PERIODIC COMMUNICATION WITH GRANTEE SENIOR LEADERSHIP OR MEMBERSHIP ON GRANTEES BOARD OF DIRECTORS. X X X X 0 0 0 0 0 0 0 0 0 JUSTIN RODGERS PRESIDENT & CEO 298439 0 0 0 7470 0 34717 0 17771 0 358397 0 0 0 PATRICIA ROBINSON CHIEF ADMINISTRATIVE OFFICER/VP 193434 0 0 0 774 0 19045 0 16471 0 229724 0 0 0 TODD BENENSON ASSISTANT TREASURER/CFO 180103 0 0 0 1188 0 17486 0 19372 0 218149 0 0 0 MITCHELL STERNBACH DIR. RESOURCE DEVELOPMENT 149620 0 0 0 2286 0 15120 0 31729 0 198755 0 0 0 ARON KURLANDER DIR. OF BUSINESS SERVICES 180366 0 0 0 270 0 16815 0 0 0 197451 0 0 0 TIANA LIRIANO DIR. OF REAL EST. & PROP. 153257 0 0 0 162 0 15302 0 28324 0 197045 0 0 0 VIARLENIS ACOSTA DIR. OF BUS. SVCS & SPECIAL EVENTS 136072 0 0 0 162 0 13124 0 16009 0 165367 0 0 0 MASHEIKA LEWIS ASSIST. SECRETARY/DIR. OF OPERATIONS 125813 0 0 0 381 0 12079 0 16681 0 154954 0 0 0 A NEW YORK CITY IDA 132906040 64971CX33 2004-03-23 9525000 PROPERTY ACQUISITION, CONSTRUCTION AND IMPROVEMENTS 0 1 0 A 4970000 9525000 571477 8953523 2005 0 0 1 1 A 1 0 0 0 1 0 0 A 0 0 0 1 1 1 TD BANK 3.000000000000 0 0 0 0 0 A 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: NEW YORK CITY IDA DATE THE REBATE COMPUTATION WAS PERFORMED: 03/23/2024 FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE AND THEN DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE POLICY AND DISCLOSURE FORM IS DISTRIBUTED TO BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES TO BE SIGNED. STAFF FOLLOWS UP TO ENSURE THE RECEIPT OF THE FORMS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO, AND OTHER OFFICERS: 1) COMPENSATION COMMITTEE, 2) FORM 990 OF OTHER ORGANIZATIONS, 3) COMPENSATION SURVEY OR STUDY, 4) APPROVAL BY THE EXECUTIVE COMMITTEE OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER OF EXCESS REVENUE FROM 501(C)(2) ORG. TO 501(C)(3) PARENT -192,978. TRANSFER OF EXCESS REVENUE FROM 501(C)(3) PARENT TO 501(C)(3) SUB -9,790. 93-43 SUTPHIN LLC 90-04 161ST STREET JAMAICA NY 11432 201516938 INACTIVE NY 0 0 GREATER JAMAICA DEVELOPMENT CORPORATION JAMAICA FIRST PARKING LLC 90-04 161ST STREET JAMAICA NY 11432 113574176 PUBLIC PKG FACILITIES DE 4457658 13044250 GREATER JAMAICA DEVELOPMENT CORPORATION SUTPHIN UNDERPASS LLC 90-04 161ST STREET JAMAICA NY 11432 INACTIVE NY 0 0 GREATER JAMAICA DEVELOPMENT CORPORATION GJDC REALTY LLC 90-04 161ST STREET JAMAICA NY 11432 830566900 MAINTAIN A COWORKING FACILITY NY 792466 1320092 GREATER JAMAICA DEVELOPMENT CORPORATION GJDC REALTY 2 LLC 90-04 161ST STREET JAMAICA NY 11432 844071667 INACTIVE NY 0 0 GREATER JAMAICA DEVELOPMENT CORPORATION JAMAICA CAPITAL CORPORATION 90-04 161ST STREET JAMAICA NY 11432 134214984 REAL ESTATE DE 501(C)(3) LINE 12A, I GREATER JAMAICA DEVELOPMENT CORPORATION 1 JAMAICA CENTER HOLDING COMPANY INC 90-04 161ST STREET JAMAICA NY 11432 112746656 REAL EST. HLDG CO. NY 501(C)(2) N/A GREATER JAMAICA DEVELOPMENT CORPORATION 1 NEXUS JAMAICA NY QALICB INC 90-04 161ST STREET JAMAICA NY 11432 872037628 COMM. ECO. DEVEL. NY 501(C)(3) LINE 12A, I GREATER JAMAICA DEVELOPMENT CORPORATION 1 GREATER JAMAICA LOCAL DEVELOPMENT COMPANY INC 90-04 161ST STREET JAMAICA NY 11432 112563026 SMALL BUS. LENDING NY 501(C)(3) LINE 7 GREATER JAMAICA DEVELOPMENT CORPORATION 1 SUTPHIN RETAIL ONE LLC 90-04 161ST STREET JAMAICA NY 11432 201516814 REAL ESTATE NY N/A 0 0 SUTPHIN RETAIL TWO LLC 90-04 161ST STREET JAMAICA NY 11432 201516896 REAL ESTATE NY N/A 0 0 1 1 0 1 1 0 0 0 0 0 1 1 0 1 1 0 1 0 0 GREATER JAMAICA LOCAL DEVELOPMENT COMPANY INC B 110000 ALLOCATED EXPENSES JAMAICA CENTER HOLDING COMPANY INC K 111653 ALLOCATED EXPENSES JAMAICA CENTER HOLDING COMPANY INC L 96250 ALLOCATED EXPENSES JAMAICA CENTER HOLDING COMPANY INC O 157457 ALLOCATED EXPENSES NEXUS JAMAICA NY QALICB INC A 122488 ALLOCATED EXPENSES NEXUS JAMAICA NY QALICB INC K 136500 ALLOCATED EXPENSES