Nonprofit · EIN 11-3427959
GMDC TWO INC
Tax-exempt · BROOKLYN, NY 11222
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,586,207 | $4,150,994 | $435,213 | $29,899,764 | $27,984,709 | $1,915,055 |
| December 31, 2024 | 990 | $4,407,171 | $4,204,228 | $202,943 | $17,791,853 | $15,856,313 | $1,935,540 |
| December 31, 2023 | 990 | $3,942,853 | $4,072,914 | -$130,061 | $17,021,298 | $15,410,152 | $1,611,146 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $4,586,143
- Investment income
- $64
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $476,850
- Salaries, compensation and benefits (total)
- $500,489
- Professional fundraising fees
- $0
- Legal fees
- $5,000
- Accounting fees
- $41,208
- Occupancy
- $1,119,061
- Depreciation
- $341,034
- Program services (functional)
- $4,046,731
- Management and general (functional)
- $104,263
Balance sheet and other
- Total assets, start of year
- $17,791,853
- Total assets, end of year
- $29,899,764
- Total liabilities, end of year
- $27,984,709
- Net assets, end of year
- $1,915,055
- Land, buildings and equipment
- $11,958,135
- Net assets without donor restrictions
- $1,915,055
- Gross receipts
- $4,586,207
- Employees
- 0
- Volunteers
- 11
- Year formed
- 2004
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRIAN T COLEMAN | CEO Trustee or director, Officer | 16 | $0 | $525,459 | $67,584 |
| MICHAEL CAVAGNARO | CFO Officer | 16 | $0 | $254,904 | $26,648 |
| ADAM TELL METZGER | DIRECTOR Trustee or director | 0.4 | $0 | $0 | $0 |
| ALIREZA ESMAEILZADEH | DIRECTOR (OUTGOING) Trustee or director | 0.4 | $0 | $0 | $0 |
| HARRY SCHWARTZ | SECRETARY Trustee or director, Officer | 0.4 | $0 | $0 | $0 |
| JOHN HOROWITZ | DIRECTOR (OUTGOING) Trustee or director | 0.4 | $0 | $0 | $0 |
| JOSEPH TOOMA | DIRECTOR (OUTGOING) Trustee or director | 0.4 | $0 | $0 | $0 |
| JUDITH KUNOFF | DIRECTOR Trustee or director | 0.4 | $0 | $0 | $0 |
| KATE ASCHER | CHAIR Trustee or director, Officer | 0.4 | $0 | $0 | $0 |
| LIBBY RYAN | VICE CHAIR Trustee or director, Officer | 0.4 | $0 | $0 | $0 |
| LORINDA KAROFF | DIRECTOR Trustee or director | 0.4 | $0 | $0 | $0 |
| MEGHAN TAYLOR-STESHYN | DIRECTOR Trustee or director | 0.4 | $0 | $0 | $0 |
| MICHAEL NIXON | DIRECTOR Trustee or director | 0.4 | $0 | $0 | $0 |
| MORT GOLDFEIN | DIRECTOR Trustee or director | 0.4 | $0 | $0 | $0 |
| ROSALIND S PAASWELL | TREASURER Trustee or director, Officer | 0.4 | $0 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SEBASTIAN HARDY | DIRECTOR Trustee or director | 0.4 | $0 |
990 for the year ended December 31, 2024: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRIAN T COLEMAN | CEO Trustee or director, Officer | 16 | $0 | $427,553 | $46,192 |
| MICHAEL CAVAGNARO | CFO Officer | 16 | $0 | $221,535 | $21,556 |
| CASSANDRA SMITH | SENIOR PROJECT MANAGER Highest-paid employee | 16 | $0 | $179,087 | $37,500 |
| CURTIS BIEDERBECK | FACILITIES MANAGER Highest-paid employee | 16 | $0 | $131,465 | $33,376 |
| GUSTAVO MARTINEZ | PROJECT MANAGER Highest-paid employee | 16 | $0 | $125,007 | $32,779 |
| SEBASTIAN HARDY | CHAIR Trustee or director, Officer | 0.4 | $0 | $0 | $0 |
| LIBBY RYAN | VICE CHAIR Trustee or director, Officer | 0.4 | $0 | $0 | $0 |
| HARRY SCHWARTZ | SECRETARY Trustee or director, Officer | 0.4 | $0 | $0 | $0 |
| ROSALIND S PAASWELL | TREASURER Trustee or director, Officer | 0.4 | $0 | $0 | $0 |
| KATE ASCHER | DIRECTOR Trustee or director | 0.4 | $0 | $0 | $0 |
| ALIREZA ESMAEILZADEH | DIRECTOR Trustee or director | 0.4 | $0 | $0 | $0 |
| MORT GOLDFEIN | DIRECTOR Trustee or director | 0.4 | $0 | $0 | $0 |
| JOHN HOROWITZ | DIRECTOR Trustee or director | 0.4 | $0 | $0 | $0 |
| LORINDA KAROFF | DIRECTOR Trustee or director | 0.4 | $0 | $0 | $0 |
| JUDITH KUNOFF | DIRECTOR Trustee or director | 0.4 | $0 | $0 | $0 |
| ADAM TELL METZGER | DIRECTOR Trustee or director | 0.4 | $0 | $0 | $0 |
| MICHAEL NIXON | DIRECTOR Trustee or director | 0.4 | $0 | $0 | $0 |
| JOSEPH TOOMA | DIRECTOR Trustee or director | 0.4 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRIAN T COLEMAN | CEO Trustee or director, Officer | 24 | $0 | $509,289 | $44,887 |
| MICHAEL CAVAGNARO | CFO Officer | 24 | $0 | $230,941 | $20,300 |
| CASSANDRA SMITH | SENIOR PROJECT MANAGER Highest-paid employee | 24 | $0 | $191,243 | $34,891 |
| CURTIS BIEDERBECK | FACILITIES MANAGER Highest-paid employee | 24 | $0 | $132,922 | $30,802 |
| GUSTAVO MARTINEZ | PROJECT MANAGER Highest-paid employee | 24 | $0 | $125,765 | $30,369 |
| VASSILI PRIIMAK | BUILDING MAINTENANCE Highest-paid employee | 24 | $0 | $100,198 | $22,752 |
| SEBASTIAN HARDY | CHAIR Trustee or director, Officer | 0.6 | $0 | $0 | $0 |
| LIBBY RYAN | VICE CHAIR Trustee or director, Officer | 0.6 | $0 | $0 | $0 |
| HARRY SCHWARTZ | SECRETARY Trustee or director, Officer | 0.6 | $0 | $0 | $0 |
| ROSALIND S PAASWELL | TREASURER Trustee or director, Officer | 0.6 | $0 | $0 | $0 |
| ADAM TELL METZGER | DIRECTOR Trustee or director | 0.6 | $0 | $0 | $0 |
| ALIREZA ESMAEILZADEH | DIRECTOR Trustee or director | 0.6 | $0 | $0 | $0 |
| JOHN HOROWITZ | DIRECTOR Trustee or director | 0.6 | $0 | $0 | $0 |
| JOSEPH TOOMA | DIRECTOR Trustee or director | 0.6 | $0 | $0 | $0 |
| KATE ASCHER | DIRECTOR Trustee or director | 0.6 | $0 | $0 | $0 |
| LORINDA KAROFF | DIRECTOR Trustee or director | 0.6 | $0 | $0 | $0 |
| MICHAEL NIXON | DIRECTOR Trustee or director | 0.6 | $0 | $0 | $0 |
| MORT GOLDFEIN | DIRECTOR Trustee or director | 0.6 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1155 MANHATTAN AVENUE, BROOKLYN, NY 11222-6102
- In care of
- % GREENPOINT MANUFACTURING & DEVELO
- Principal officer (990 for 2025)
- BRIAN T COLEMAN, 1155 MANHATTAN AVENUE, BROOKLYN, NY 11222
- Signed the 990
- BRIAN T COLEMAN, CEO
- Phone
- (718) 383-3935
- Return prepared by
- CBIZ ADVISORS LLC
Mission
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.
Program accomplishments
- 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.Expenses $4,046,731 · revenue $4,586,143
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 11-3427959
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $29,899,764
- Income (IRS master file)
- $4,586,207
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $3,942,853 | $4,072,914 | $17,021,298 | IRS |
| 990 | December 2022 | $3,668,898 | $3,822,465 | $16,532,597 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about GMDC TWO INC
- What is the EIN of GMDC TWO INC?
- The employer identification number (EIN) of GMDC TWO INC is 11-3427959.
- Is GMDC TWO INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2009.
- Are donations to GMDC TWO INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GMDC TWO INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GMDC TWO INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GMDC TWO INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of GMDC TWO INC?
- The 990 for the year ended December 31, 2025 names BRIAN T COLEMAN.
- Who are the officers and directors of GMDC TWO INC?
- The 990 for the year ended December 31, 2025 lists 16 people; 0 received compensation from the organization.
- How much revenue does GMDC TWO INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,586,207, expenses of $4,150,994 and total assets of $29,899,764 at year end.
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