2018-11-15T07:43:47-06:00 2017-12-31 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2017-01-01 237021273 GREATER JAMAICA DEVELOPMENT CORPORATION GREA 7182910282 90-04 161ST STREET NO 704 JAMAICA NY 11432 TODD S BENENSON ASSISTANT TREASURER 7182910281 2018-11-12 1 ROBERT R LYONS CPA P00227472 2125038800 69.74.165.34 2018-11-12 15:05:13 ES P CE55B992A4E7BB938BB83E29A744DC585541D033 79DA3F7F838F945FD86622B3E897B41B13144F08 2017 2019-02-21 02:37:17Z HOPE KNIGHT 90-04 161ST STREET NO 704 JAMAICA NY 11432 8873229 0 X WWW.GJDC.ORG X 1967 NY SEE SCHEDULE O. 31 31 62 31 0 0 483743 678459 8512065 7976054 42433 45953 66503 108471 9104744 8808937 87450 76460 0 0 3804384 3740978 0 0 246599 6551250 5864474 10443084 9681912 -1338340 -872975 25953097 24837356 15222063 14412814 10731034 10424542 X SEE SCHEDULE O. 0 0 4455953 51460 6188456 EFFECTIVE PARKING TO CATALYZE ECONOMIC GROWTHWITH 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"), AN AFFILIATE OF GJDC, OWNS AND OPERATES PARKING IN THE DOWNTOWN IN ORDER IMPROVE TRANSPORTATION, SUPPORT LOCAL ECONOMIC ACTIVITY AND DEVELOPMENT. AS THE NONPROFIT OWNER OF FIVE PARKING FACILITIES WITH 2,000 SPACES IN THE DOWNTOWN, JFP PROVIDES SAFE, ATTRACTIVE, AFFORDABLY-PRICED PARKING TO SUPPORT ECONOMIC AND CULTURAL ACTIVITY IN JAMAICA. 1792074 1588025 JAMAICA MARKETSINCE 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.ALSO LOCATED IN THE JAMAICA MARKET IS THE HARVEST ROOM. 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. FARMER'S MARKETTHE JAMAICA FARMER'S MARKET IS THE LONGEST RUNNING MARKET OF ITS KIND IN NYC. THE MARKET, SPONSORED BY GJDC, HAS BEEN HELD IN THE COMMUNITY SINCE 1974. BETWEEN 500 AND 1,400 PEOPLE ATTEND THE JAMAICA MARKET EACH DAY, WHICH IS HELD SEASONALLY ON FRIDAYS AND SATURDAYS AND RUNS FROM JUNE THROUGH NOVEMBER. ASSORTED VENDORS OFFER FRESH FRUITS & VEGETABLES, BAKED GOODS, BEVERAGES, SPECIALTY FOODS AND OTHER SPECIAL TREATS. 11361 11361 IMPROVING INFRASTRUCTURE AND ACCESSGJDC HAS PLAYED A KEY ROLE IN ADVOCATING FOR AND SECURING FUNDING FOR VARIOUS, LARGE-SCALE TRANSPORTATION IMPROVEMENT PROJECTS IN THE DOWNTOWN. 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.ALREADY COMPLETED IS THE REHABILITATION OF THE SUTPHIN BOULEVARD RAILROAD UNDERPASS, IN WHICH THE RAILROAD'S DILAPIDATED LOADING DOCKS WERE TRANSFORMED INTO AN ATTRACTIVE, DRAMATICALLY LIT RETAIL ARCADE THAT LINKS NORTH AND SOUTH JAMAICA AT ITS MOST VISIBLE JUNCTION. FUNDS FROM THE PORT AUTHORITY OF NEW YORK AND NEW JERSEY CONTRIBUTED TO THIS PROJECT.ADDITIONALLY, GJDC IS ALSO COORDINATING WITH THE CITY OF NEW YORK FOR THE CREATION OF A NEW PEDESTRIAN-FRIENDLY INTERMODAL TRANSFER POINT ON SUTPHIN BOULEVARD AND ARCHER AVENUE FOR THE MORE THAN 25,000 TRANSIT USERS WHO PASS THROUGH THIS INTERSECTION ON A DAILY BASIS. THE ROADWAY WILL BE REALIGNED TO IMPROVE BUS TURNS, THE SIDEWALKS WILL BE WIDENED, PLAZAS CREATED AND THE SUBWAY EXITS TO THE NORTH OF ARCHER AVENUE IN THE SIDEWALK AREA WILL BE RELOCATED INTO THE PLAZAS. AT THE SAME TIME, THE ATLANTIC AVENUE EXTENSION PROJECT TAKES AN EXISTING MAPPED RIGHT-OF-WAY AND EXTENDS ATLANTIC AVENUE. AS A RESULT THREE SMALL NEW PUBLIC SPACES WILL BE CREATED. THE NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION IS ADMINISTERING THESE PROJECTS. 1192780 25000 188212 FACILITATING TRANSIT-ORIENTED DEVELOPMENTGJDC HAS SUCCESSFULLY UNDERTAKEN THE PRE-DEVELOPMENT PLANNING AND SITE ASSEMBLAGE NECESSARY TO CREATE TRANSIT-ORIENTED DEVELOPMENT AROUND JAMAICA'S PUBLIC TRANSPORTATION INFRASTRUCTURE.THROUGH ITS AFFILIATE JAMAICA CAPITAL CORPORATION, GJDC ADVANCED TWO KEY PROJECTS - A MIXED-USE HOTEL AND RESTAURANT AND A COMBINED MIXED-INCOME RESIDENTIAL AND RETAIL FACILITY NEAR THE AIRTRAIN TERMINAL/LONG ISLAND RAILROAD STATION. AS A RESULT OF THE LAND SALE OF THESE SITES IN 2015, THERE ARE NOW SEVERAL OTHER PROPERTY OWNERS IN TALKS WITH DEVELOPERS IN THE JAMAICA STATION AREA.THE RESIDENTIAL/RETAIL SITE WAS SOLD TO AN EXPERIENCED MINORITY DEVELOPER OF MIXED-INCOME AFFORDABLE HOUSING, AND IS NOW IN CONSTRUCTION; THE HOTEL SITE COMMENCED DEMOLITION IN SUMMER OF 2017. FACILITATING AFFORDABLE HOUSING DEVELOPMENT IN RESPONSE TO RESOUNDING DEMAND FOR AFFORDABLE HOUSING AND NEW RETAIL BY THE JAMAICA COMMUNITY, JFP RELEASED AN RFP IN SEPTEMBER 2016 FOR THE DEVELOPMENT OF A HIGH-QUALITY MIXED-USE PROJECT CONSISTING OF RETAIL AND MIXED-INCOME RESIDENCES ON ONE OF ITS PARKING LOTS. OBJECTIVES OF THE PROJECT INCLUDE A MINIMUM OF 400 MIXED-INCOME RESIDENTIAL UNITS, A MINIMUM OF 75,000 SQUARE FEET OF RETAIL AND 5,000 SQUARE FEET OF ARTIST MULTI-PURPOSE SPACE. THE SELECTED DEVELOPER WAS ANNOUNCED FALL OF 2017.BEAUTIFYING PUBLIC SPACESTHROUGH ITS AFFILIATE JFP, GJDC PROVIDES ENHANCED DOWNTOWN MANAGEMENT SERVICES THROUGH ITS JAMAICA ALLIANCE PROGRAM. THE ALLIANCE PROVIDES SECURITY, HORTICULTURE, AND VISITOR/GREETER SERVICES. THE ALLIANCE'S HORTICULTURE ENHANCEMENTS INCLUDE OVER 100 HAY RACKS AND PLANTERS ENLIVENED WITH SMALL TREES, SHRUBS, AND SEASONAL FLOWERS PLACED ON LIGHT POLES, SIDEWALKS, AND MEDIANS THROUGHOUT THE DOWNTOWN. ADDITIONALLY, THE ALLIANCE MAINTAINS TWO GREEN STREET IMPROVEMENTS FOR NYC DOT, MAINTAINS THE GROUNDS IN FRONT OF THE JAMAICA PERFORMING ARTS CENTER, AND PROVIDES ONGOING MAINTENANCE AND GROUNDS KEEPING AT THE HISTORICALLY SIGNIFICANT, FOUR-ACRE PROSPECT CEMETERY AND ACCOMPANYING CHAPEL. EVENTS AND PROGRAMMINGIN ORDER TO HELP CONNECT RESIDENTS TO THEIR NEIGHBORHOOD, GJDC SPONSORS SEVERAL EVENTS THROUGHOUT THE YEAR. THIS YEAR, GJDC HOSTED ITS 3RD ANNUAL BREW-N-CHEW, AN AFTER-HOURS BUSINESS AND SOCIAL GET-TOGETHER. THIS OUTDOOR EVENT ALLOWS VISITORS A CHANCE SAMPLE BEERS SUPPLIED BY LOCAL BREWERIES, AND TASTINGS FROM LOCAL EATERIES. ADDITIONALLY, GJDC HELD ITS 3RD ANNUAL INTERNATIONAL RESTAURANT CRAWL WHERE PARTICIPANTS WERE LED ON A TASTING EXPERIENCE OF RESTAURANTS IN AND SURROUNDING JAMAICA. WE HELD OUR 17TH ANNUAL HARVEST FESTIVAL WHICH PROVIDED AN OPPORTUNITY FOR FAMILIES TO COME OUT AND ENJOY LIVE MUSIC, FACE PAINTING, HORSE RIDES, FRESH FRUITS AND VEGETABLES AND SO MUCH MORE. MERCHANT ORGANIZINGTHE JAMAICA HILLS PARTNERSHIP IS AN EFFORT LEAD BY GJDC THROUGH FUNDING PROVIDED BY NYC COUNCILMEMBER RORY LANCMAN. THE PARTNERSHIP ORGANIZED A MERCHANT'S ASSOCIATION AND PROVIDES A PLATFORM WHERE BUSINESS OWNERS, PROPERTY OWNERS, COMMUNITY MEMBERS, AND OTHER STAKEHOLDERS ON HILLSIDE AVENUE BETWEEN PARSONS BOULEVARD AND 170TH STREET CAN INTERFACE AND STRATEGIZE. AS A RESULT OF THE TOWN HALL MEETING, NEW TRASH CANS WERE INSTALLED ALONG THE AVENUE; THE PARTNERSHIP WEBSITE WAS REVAMPED, AND GJDC STAFF SURVEYED THE CORRIDOR AND CREATED A BUSINESS DIRECTORY. IN ORDER TO CONTINUE TO MOMENTUM, IN MAY 2017 THE PARTNERSHIP HOSTED A STREET FESTIVAL BRINGING TOGETHER LOCAL RESTAURANTS, VENDORS, BANDS, AND ENTERTAINMENT FOR THE BENEFIT OF THE LOCAL COMMUNITY.BUSINESS SERVICESGJDC'S BUSINESS SERVICES GROUP (BSG) PROVIDES DIRECT SERVICES TO LOCAL BUSINESSES WITH A PARTICULAR FOCUS ON INDUSTRIAL AND MINORITY AND WOMEN OWNED BUSINESSES IN THE AREA.BSG MONITORS AND REPORTS TO THE CITY ON GENERAL BUSINESS NEEDS IN CITY-DESIGNATED INDUSTRIAL BUSINESS ZONES. IT ALSO MONITORS INFRASTRUCTURE NEEDS IN THESE AREAS AND RECOMMENDS IMPROVEMENTS. IT PROVIDES ASSISTANCE TO INDUSTRIAL BUSINESSES IN THE AREAS OF FINANCING; ACCESS TO INCENTIVES AND BENEFITS FOR BUSINESS EXPANSION AND INVESTMENTS INCLUDING EMPLOYEE TRAINING GRANTS; ENERGY EFFICIENCY; AND NAVIGATING GOVERNMENT. RECENTLY, GJDC HELPED A LOCAL DAIRY DISTRIBUTOR THAT PLANNED TO SHUTTER ITS OPERATIONS (RESULTING IN THE LOSS OF 200 LOCAL JOBS) RESPOND TO A REQUEST ISSUED BY THE CITY OF NEW YORK CITY FOR PROPOSALS FOR REDEVELOPMENT OF SEVEN ACRES OF CITY LAND NEAR JFK AIRPORT. AS A RESULT OF GJDC'S ASSISTANCE, THE BUSINESS WAS SELECTED TO ACQUIRE THE SITE AND CONSTRUCT A NEW CLIMATE CONTROLLED DISTRIBUTION WAREHOUSE AND MILK PROCESSING FACILITY, CREATING 50 NEW MANUFACTURING JOBS. 1192780 25000 188212 7452168 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 0 0 0 1 49 0 1 62 1 0 0 0 0 0 1 1 0 0 0 0 X 31 31 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NY X TODD S BENENSON 7182910282 90-04 161ST STREET JAMAICA NY 11432 X ARTHUR BENJAMIN JR BOARD MEMBER/TREASURER 1.00 2.00 X X 0 0 0 BRUCE FLANZ BOARD MEMBER (FORMER) 1.00 2.00 X 0 0 0 CALVIN LAWRENCE JR BOARD MEMBER/SECRETARY 1.00 2.00 X X 0 0 0 CEDRIC DEW BOARD MEMBER 1.00 2.00 X 0 0 0 DANIEL GREENE BOARD MEMBER 1.00 2.00 X 0 0 0 DARRYL TOWNS BOARD MEMBER 1.00 2.00 X 0 0 0 DAVID COTTON BOARD MEMBER 1.00 2.00 X 0 0 0 DR MARCIA V KEIZS BOARD MEMBER 1.00 2.00 X 0 0 0 DREW SPITLER BOARD MEMBER (FORMER) 1.00 2.00 X 0 0 0 ELLIOT G SANDER BOARD MEMBER/VICE CHAIR 1.00 2.00 X X 0 0 0 ERIC BLUESTONE BOARD MEMBER 1.00 2.00 X 0 0 0 FATHER WILLIAM SMITH BOARD MEMBER (FORMER) 1.00 2.00 X 0 0 0 FRANK DIMOLA BOARD MEMBER 1.00 3.00 X 0 0 0 GEORGE GRASSO BOARD MEMBER 1.00 2.00 X 0 0 0 GREG POLIS BOARD MEMBER 1.00 2.00 X 0 0 0 HOWARD GRAF BOARD MEMBER 1.00 3.00 X 0 0 0 HUSSEIN BERRY BOARD MEMBER (FORMER) 1.00 2.00 X 0 0 0 IAN HAMILTON BOARD MEMBER 1.00 2.00 X 0 0 0 ICEMA D GIBBS BOARD MEMBER 1.00 2.00 X 0 0 0 JONATHAN WHITE BOARD MEMBER/VICE CHAIR 1.00 3.00 X X 0 0 0 JUDY TUCKER BOARD MEMBER 1.00 2.00 X 0 0 0 LAMONT R BAILEY BOARD MEMBER 1.00 2.00 X 0 0 0 MICHAEL NUSSBAUM BOARD MEMBER (FORMER) 1.00 2.00 X 0 0 0 MICHELLE STODDART BOARD MEMBER 1.00 2.00 X 0 0 0 PETER KULKA BOARD MEMBER/CHAIR 1.00 2.00 X X 0 0 0 PETER MEYER BOARD MEMBER (FORMER) 1.00 2.00 X 0 0 0 PHILIPPA L KARTERON BOARD MEMBER 1.00 2.00 X 0 0 0 REBECCA DEUTSCHER BOARD MEMBER 1.00 2.00 X 0 0 0 REGINALD RASCH BOARD MEMBER 1.00 2.00 X 0 0 0 REV DR CALVIN RICE BOARD MEMBER 1.00 2.00 X 0 0 0 REV DR FLOYD H FLAKE BOARD MEMBER 1.00 2.00 X 0 0 0 REVEREND PATRICK H O'CONNOR BOARD MEMBER 1.00 2.00 X 0 0 0 RICHARD DZWLEWICZ BOARD MEMBER 1.00 2.00 X 0 0 0 RICHARD T ANDERSON BOARD MEMBER 1.00 2.00 X 0 0 0 WANDA JACKSON BOARD MEMBER 1.00 2.00 X 0 0 0 WILLIAM LYNCH BOARD MEMBER 1.00 2.00 X 0 0 0 YESENIA GRAHAM BOARD MEMBER 1.00 2.00 X 0 0 0 HOPE KNIGHT PRESIDENT & CEO 32.00 3.00 X 283500 0 28539 LAUREL K BROWN CHIEF OPERATING OFFICER 32.00 3.00 X 118988 0 4642 MYRNA FRASER ASSISTANT SECRETARY 32.00 3.00 X 68578 0 4827 TODD S BENENSON ASSISTANT TREASURER & CFO 31.00 4.00 X 163645 0 27322 ARON KURLANDER DIR. BUSINESS SERVICES 31.00 4.00 X 105479 0 4150 EDWIN ROSADO REAL PROPERTY FACILITIES MANAGER 35.00 X 101156 0 19890 JUSTIN RODGERS MNG DIR. REAL STATE & ECONOMIC DEVELOPMENT 35.00 X 143157 0 20194 MARY SMITH DIR. REAL PROPERTY OPERATIONS 35.00 X 127292 0 24621 MITCHELL STERNBACH DIR. RESOURCE DEVELOPMENT 35.00 X 120034 0 22320 1231829 0 156505 8 0 1 0 MANAGEMENT SOLUTIONS FOR NONPROFIT ORG 4 WELLYN CLOSE YONKERS NY 10708 CONSULTING 100392 1 224026 454433 678459 PARKING OPERATIONS 812930 6188456 6188456 RENTAL INCOME 532000 1465439 1465439 GOV'T CONTRACTS 900099 199573 199573 MANAGEMENT FEES 900099 122586 122586 7976054 45953 45953 53379 224026 64292 -10913 -10913 MISCELLANEOUS REVENUE 900099 119384 119384 119384 8808937 7976054 0 154424 76460 76460 690666 87093 525597 77976 2283912 1532750 629525 121637 171605 95582 70373 5650 381161 260845 99538 20778 213634 122180 77895 13559 20899 8465 12434 71734 71734 373853 225075 148778 79963 72053 6410 1500 185061 38248 146383 430 1975362 1840152 135210 6158 5064 790 304 31793 15555 16238 320799 314952 5847 737001 717906 19095 361076 348481 12595 COST OF PARKING OPS 1486505 1486505 AMORTIZATION OF DEBT 61674 61674 PROGRAM EVENTS 47635 42870 4765 HORTICULTURE 36259 36259 68702 63999 4703 9681912 7452168 1983145 246599 22965 23403 7239314 4718923 194306 148931 651384 749152 408985 461622 26983983 12282528 15377019 14701455 2021218 2059124 2012652 25953097 24837356 1103673 798031 10189406 9613726 2243748 2138797 49500 204000 1635736 1658260 15222063 14412814 X 10465466 10197397 265568 227145 10731034 10424542 25953097 24837356 X -872975 566483 X X 0 1 X 1 1 1 X 387019 508700 510933 483743 678459 2568854 387019 508700 510933 483743 678459 2568854 2568854 229043 230217 30688 42433 45953 578334 78730 53402 598487 76386 119384 926389 4073577 40676522 0.63060 0.57870 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER MISCELLANEOUS REVENUE - 2013 AMOUNT: $ 78,730. 2014 AMOUNT: $ 53,402. 2015 AMOUNT: $ 598,487. 2016 AMOUNT: $ 76,386. 2017 AMOUNT: $ 119,384. X 0 0 9681912 9793696 9681912 9793696 634096 639685 158524 159921 0 0 0 0 689400 821060 676924 639685 2827069 4240604 40000 55982 36000 0 131982 172350 205265 169231 159921 706767 1060151 PART II-A: 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 3102684 3102684 15098888 6679589 8419299 7558791 4949010 2609781 1223620 653929 569691 14701455 SECURITY DESPOSITS 27866 FINANCING COSTS, NET 45022 LEASING COSTS, NET 134903 DUE FROM RELATED ORGANIZATIONS 1722811 DEFERRED DEVELOPMENT COSTS, NET 67900 INVESTMENT IN SUBSIDIARIES 14150 2012652 SECURITY DEPOSITS PAYABLE 195858 DUE TO RELATED ORGANIZATIONS 1462402 1658260 X PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR UNCERTAIN INCOME TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. ANNUAL GALA 277405 224026 53379 63114 1178 277405 224026 53379 63114 1178 64292 -10913 1 JAMAICA CENTER FOR ARTS AND LEARNING 161-04 JAMAICA AVE JAMAICA NY 11432 112478709 501 (C) (3) 20000 SEE PART IV YORK COLLEGE FOUNDATION INC 94-20 GUY R BREWER BLVD JAMAICA NY 11451 112982851 501 (C) (3) 20000 SEE PART IV REGIONAL PLAN ASSOCIATION 4 IRVING PLACE 7TH FL NEW YORK NY 10003 131624154 501 (C) (3) 25000 SEE PART IV 3 PART I, LINE 2: GJDC MONITORS GRANTEES THROUGH DIRECT PERIODIC COMMUNICATION WITH GRANTEE SENIOR LEADERSHIP OR MEMBERSHIP ON GRANTEES BOARD OF DIRECTORS. PART II, COLUMN (H) LINES (1)-(3) REVITALIZATION OF DOWNTOWN JAMAICA X X X X 0 0 0 0 0 0 0 0 0 HOPE KNIGHT PRESIDENT & CEO 283500 0 0 0 0 0 4760 0 23779 0 312039 0 0 0 TODD S BENENSON ASSISTANT TREASURER & CFO 163645 0 0 0 0 0 18214 0 9108 0 190967 0 0 0 JUSTIN RODGERS MNG DIR. REAL STATE & ECONOMIC DEVEL 143157 0 0 0 0 0 12969 0 7225 0 163351 0 0 0 MARY SMITH DIR. REAL PROPERTY OPERATIONS 127292 0 0 0 0 0 17434 0 7187 0 151913 0 0 0 A NEW YORK CITY IDA 132906040 64971CX33 2004-03-23 9525000 PROPERTY ACQUISITION, CONSTRUCTION AND IMPROVEMENTS 0 1 0 A 2310000 9525000 571477 8953523 2005 0 0 1 1 A 1 0 0 0 1 0 0 A 0 0 0 1 1 0 0 0 0 A 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: NEW YORK CITY IDA DATE THE REBATE COMPUTATION WAS PERFORMED: 03/23/2018 FORM 990, PART I, LINE 1 & FORM 990, PART III, LINE 1: GREATER 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. 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 A HIGH QUALITY COLLECTION OF HOTELS. A RENEWED JAMAICA CENTER WILL BE AN ATTRACTIVE PLACE FOR PRIVATE INVESTMENT, AND WILL SUPPORT CULTURAL ACTIVITIES AND AMENITIES THAT ENHANCE THE QUALITY-OF-LIFE FOR ITS CITIZENS. FORM 990, PART VI, SECTION A, LINE 6 THIS IS AN ORGANIZATION WITH MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBERS WHO MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. 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. 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. 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, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIAL, OTHER OFFICERS OR KEY EMPLOYEES: 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 VII, SECTION A, COLUMN B: AVERAGE HOURS PER WEEK: THE AVERAGE HOURS PER WEEK REPORTED FOR THE OFFICERS LISTED BELOW OF 35 HOURS REPRESENTS THE TOTAL HOURS WORKED PER WEEK FOR SUCH INDIVIDUALS FOR GJDC AND ALL RELATED ORGANIZATIONS. THE ALLOCATION OF TIME FOR SUCH OFFICERS BETWEEN GJDC AND ITS RELATED ORGANIZATIONS IS AS FOLLOWS: HOPE KNIGHT-GJDC (100%) TODD S. BENENSON-GJDC (95%) AND GJLDC (5%) MYRNA FRASER-GJDC (100%) LAUREL BROWN-GJDC (100%) FORM 990, PART XI, LINE 9: TRANSFER OF EXCESS REVENUE FROM 501(C) (2) ORG. TO 501(C) (3) PARENT 566,483. ARBITRATION SETTLEMENT FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT BEEN CHANGED FROM PRIOR YEAR. 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 6409254 18665447 GREATER JAMAICA DEVELOPMENT CORPORATION SUTPHIN UNDERPASS LLC 90-04 161ST STREET JAMAICA NY 11432 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 11A TYPE 1 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 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 SUTPHIN RETAIL ONE LLC 90-04 161ST STREET JAMAICA NY 11432 201516814 REAL ESTATE NY N/A SUTPHIN RETAIL TWO LLC 90-04 161ST STREET JAMAICA NY 11432 201416895 REAL ESTATE NY N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 GREATER JAMAICA LOCAL DEVELOPMENT COMPANY INC O 66841 ALLOCATED EXPENSES GREATER JAMAICA LOCAL DEVELOPMENT COMPANY INC 90-04 161ST STREET SUITE 704 JAMAICA NY 11432 112563026 X 0 0 0 109162 109162 21832 5458 0 0 0 JAMAICA CAPITAL CORPORATION 90-04 161ST STREET SUITE 704 JAMAICA NY 11432 134214984 X 0 0 0 2622 2622 524 131 0 0 0