2026-09-24T13:00:11-05:00 2025-12-31 881478669 CBIZ ADVISORS LLC 1899 L STREET NW 850 WASHINGTON DC 20036 990 2025-01-01 113427959 GMDC TWO CORPORATION GMDC 7183833935 1155 MANHATTAN AVENUE BROOKLYN NY 11222 BRIAN T COLEMAN CEO 7183833935 2026-09-23 1 AARON FOX P01365820 2022274000 2026-09-23 2025 BRIAN T COLEMAN 1155 MANHATTAN AVENUE BROOKLYN NY 11222 4586207 0 X WWW.GMDCONLINE.ORG X 2004 NY PROVIDE AFFORDABLE MANUFACTURING SPACE FOR SMALL MANUFACTURERS IN URBAN NEIGHBORHOODS. 12 11 0 11 0 0 0 0 4407073 4586143 98 64 0 0 4407171 4586207 0 0 0 0 478203 500489 0 0 0 3726025 3650505 4204228 4150994 202943 435213 17791853 29899764 15856313 27984709 1935540 1915055 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 4046731 4586143 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. 4046731 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 17 0 1 0 0 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 0 0 0 NY X X MICHAEL CAVAGNARO CFO 7183833935 1155 MANHATTAN AVENUE BROOKLYN NY 11222 ADAM TELL METZGER DIRECTOR 0.40 0.60 X 0 0 0 ALIREZA ESMAEILZADEH DIRECTOR (OUTGOING) 0.40 0.60 X 0 0 0 BRIAN T COLEMAN CEO 16.00 40.00 X X 0 525459 67584 HARRY SCHWARTZ SECRETARY 0.40 0.60 X X 0 0 0 JOHN HOROWITZ DIRECTOR (OUTGOING) 0.40 0.60 X 0 0 0 JOSEPH TOOMA DIRECTOR (OUTGOING) 0.40 0.60 X 0 0 0 JUDITH KUNOFF DIRECTOR 0.40 0.60 X 0 0 0 KATE ASCHER CHAIR 0.40 0.80 X X 0 0 0 LIBBY RYAN VICE CHAIR 0.40 0.60 X X 0 0 0 LORINDA KAROFF DIRECTOR 0.40 0.60 X 0 0 0 MEGHAN TAYLOR-STESHYN 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 ROSALIND S PAASWELL TREASURER 0.40 0.80 X X 0 0 0 SEBASTIAN HARDY DIRECTOR 0.40 0.60 X 0 0 0 MICHAEL CAVAGNARO CFO 16.00 32.00 X 0 254904 26648 0 780363 94232 0 0 1 0 ROCKCUBE CONSTRUCTION LLC 111 SUNSET RD BLAUVELT NY 10913 CONSTRUCTION SERVICES 188301 1 RENTAL INCOME 531120 3913647 3913647 OTHER TENANT INCOME 532000 672496 672496 4586143 64 64 4586207 4586143 0 64 476850 476850 23639 23639 5000 5000 41208 41208 58055 58055 96 96 8181 8181 1119061 1119061 769999 769999 341034 341034 450611 450611 ADMINISTRATIVE FEES 700000 700000 REPAIRS & MAINTENANCE 103268 103268 SECURITY 28797 28797 NMTC REIMBURSEMENT EXPE 15000 15000 10195 10195 4150994 4046731 104263 0 674201 1010797 244358 169702 577625 685724 19474017 7515882 9472977 11958135 6822692 16075406 17791853 29899764 109518 742262 104435 100516 12926639 22016556 2715721 5125375 15856313 27984709 X 1935540 1915055 1935540 1915055 17791853 29899764 X 435213 -69675 -386023 X X 0 1 X 1 0 580500 580500 4396199 4396199 0 11844698 3054899 8789799 107827 64784 43043 2544793 2544793 11958135 INTER-COMPANY RECEIVABLES 14023801 SECURITY DEPOSITS 12000 INTEREST RATE SWAP ASSET 221004 RESTRICTED CASH 1818601 16075406 TENANT SECURITY DEPOSITS 813248 INTER-COMPANY PAYABLE 4312127 5125375 X 40456723 -386023 36256539 35870516 4586207 0 4586207 32813891 69675 28593222 28662897 4150994 0 4150994 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 65,222,918. CONSOLIDATED ELIMINATIONS -28,966,379. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITIES' EXPENSE 29,725,799. CONSOLIDATED ELIMINATIONS -1,132,577. 0 0 0 0 0 0 0 0 0 BRIAN T COLEMAN CEO 0 495121 0 29138 0 1200 0 22965 0 44619 0 593043 0 0 MICHAEL CAVAGNARO CFO 0 228510 0 26394 0 0 0 11638 0 15010 0 281552 0 0 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 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 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 SWAP -386,023. 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 GMDC PHILADELPHIA 1155 MANHATTAN AVENUE BROOKLYN NY 11222 275244592 PROVIDING MANUFACTURING SPACE AND SERVICES TO SMALL BUSINESSES PA 501(C)(3) LINE 10 GREENPOINT MANUFACTURING AND DESIGN CENTER 0 GMDC OP LLC 1155 MANHATTAN AVENUE BROOKLYN NY 11222 814735472 RENTAL REAL ESTATE DE N/A 0 0 GMDC OP MASTER TENANT LLC 101-01 95TH AVENUE OZONE PARK NY 11416 821794510 RENTAL REAL ESTATE DE 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 0 1 1 1 0 0 0 0