2023-11-10T14:12:47-06:00 2022-12-31 873707167 CBIZ MARKS PANETH LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2022-01-01 112563026 GREATER JAMAICA LOCAL DEVELOPMENT COMPANY INC GREA 7182910282 90-04 161ST STREET 704 JAMAICA NY 11432 TODD S BENENSON ASSISTANT TREASURER/CFO 7182910282 2023-11-09 1 TODD BENENSON 999009999 1 MAGDALENA CZERNIAWSKI P00535099 2125038800 2023-11-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JUSTIN RODGERS 90-04 161ST STREET 704 JAMAICA NY 11432 1407045 0 X WWW.GJDC.ORG X 1979 NY SEE SCHEDULE O 33 33 0 33 0 0 60000 440000 778146 959897 0 0 23175 7148 861321 1407045 0 0 0 0 168852 174160 0 0 0 23228 207188 192080 381348 669241 1025697 4235297 4516114 1036110 256230 3199187 4259884 X SEE SCHEDULE O 0 0 371288 967045 SEE SCHEDULE O 371288 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 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 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 33 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X TODD S BENENSON ASSISTANT TREASUR 7182910282 90-04 161ST STREET JAMAICA NY 11432 ARTHUR BENJAMIN JR TREASURER 1.00 2.00 X X 0 0 0 CALVIN LAWRENCE JR 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 DAVID COTTON BOARD MEMBER 1.00 2.00 X 0 0 0 DR BERENECEA JOHNSON EANES BOARD MEMBER 1.00 2.00 X 0 0 0 DREW SPITLER BOARD MEMBER 1.00 2.00 X 0 0 0 ELLIOT G SANDER VICE CHAIR 1.00 2.00 X X 0 0 0 ERIC BLUESTONE BOARD MEMBER 1.00 2.00 X 0 0 0 EVAN KASHANIAN BOARD MEMBER 1.00 2.00 X 0 0 0 FRANK DIMOLA BOARD MEMBER 1.00 3.00 X 0 0 0 GEORGE GRASSO BOARD MEMBER OUTGOING) 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 ICEMA D GIBBS BOARD MEMBER 1.00 2.00 X 0 0 0 JAMES H SIMMONS BOARD MEMBER (OUTGOING) 1.00 2.00 X 0 0 0 JONATHAN WHITE BOARD MEMBER (OUTGOING) 1.00 3.00 X 0 0 0 JUDY TUCKER BOARD MEMBER 1.00 2.00 X 0 0 0 LAMONT R BAILEY CHAIRMAN 1.00 2.00 X X 0 0 0 MELVA MILLER VICE CHAIR 1.00 2.00 X X 0 0 0 MEREDITH MARSHALL BOARD MEMBER 1.00 2.00 X 0 0 0 MICHELLE STODDART BOARD MEMBER 1.00 2.00 X 0 0 0 PETER KULKA BOARD MEMBER 1.00 2.00 X 0 0 0 PHILIPPA L KARTERON BOARD MEMBER 1.00 2.00 X 0 0 0 RACHEL GILBERT SOLOMON BOARD MEMBER 1.00 2.00 X 0 0 0 REBECCA DEUTSCHER BOARD MEMBER 1.00 2.00 X 0 0 0 REGINALD M 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 YAROJIN ROBINSON BOARD MEMBER 1.00 2.00 X 0 0 0 YESENIA GRAHAM BOARD MEMBER 1.00 2.00 X 0 0 0 BLONDEL PINNOCK CHIEF OF STAFF (OUTGOING) 1.00 34.00 X 0 75428 18157 CAROLINE FORBES ASSISTANT SECRETARY (OUTGOING) 1.00 34.00 X 0 14176 1350 JUSTIN RODGERS PRESIDENT & CEO 1.00 34.00 X 0 296045 51356 PATRICIA ROBINSON CHIEF ADMINISTRATIVE OFFICER 1.00 34.00 X 0 141992 9892 TODD S BENENSON ASSISTANT TREASURER/CFO 1.00 34.00 X 0 174720 36498 0 702361 117253 0 0 1 0 0 440000 440000 GOV'T CONTRACT REVENUE 900099 891957 891957 INTEREST ON LOANS 900099 67940 67940 959897 MISCELLANEOUS REVENUE 900099 7148 7148 7148 1407045 967045 0 0 139575 139575 13244 13244 8958 8958 12383 12383 7050 7050 6800 6800 1176 1176 9414 7645 1769 3449 3449 7494 7494 PROGRAM EVENTS 170000 170000 FEES 1805 1490 315 381348 371288 10060 0 1041299 234723 11543 127392 265000 1537555 1928060 483 270 29764 29764 0 0 1517025 2088061 4235297 4516114 28425 23545 775000 232685 232685 1036110 256230 X 133793 511808 3065394 3748076 3199187 4259884 4235297 4516114 X 1025697 35000 X X 0 1 X 1 1 1 X 1250000 60000 440000 1750000 1250000 60000 440000 1750000 1399176 350824 128 412 540 1968 3193 5572 23175 7148 41056 1791596 1867996 0.19580 0.34420 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2018 AMOUNT: $ 1,968. 2019 AMOUNT: $ 3,193. 2020 AMOUNT: $ 5,572. 2021 AMOUNT: $ 23,175. 2022 AMOUNT: $ 7,148. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 381348 10206099 381348 10206099 76270 660305 19068 165076 0 0 0 0 651376 560609 593002 660305 2465292 3697938 10000 10000 162844 140152 148251 165076 616323 924485 PART II-A GREATER JAMAICA DEVELOPMENT CORPORATION, EIN # 23-7021273, 90-04 161ST STREET, JAMAICA, NY 11342 JAMAICA CAPITAL CORPORATION, EIN # 13-4214984, 90-04 161ST STREET JAMAICA, NY 11342 29764 29764 0 0 RESTRICTED CASH - LOAN FUNDS 1824947 DUE FROM RELATED ORGANIZATIONS 263114 2088061 X 9153543 7746498 7746498 1407045 0 1407045 11596430 11215082 11215082 381348 0 381348 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITY'S REVENUE 8,864,156. CONSOLIDATING ELIMINATIONS -1,152,658. GRANT FROM RELATED ORGANIZATION REPORTED IN PY RETURN 35,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITY'S EXPENSES 12,451,776. CONSOLIDATING ELIMINATIONS -1,236,694. 0 0 0 0 0 0 0 0 0 JUSTIN RODGERS PRESIDENT & CEO 0 292154 0 0 0 3891 0 35594 0 15762 0 347401 0 0 TODD S BENENSON ASSISTANT TREASURER/CFO 0 173532 0 0 0 1188 0 18259 0 18239 0 211218 0 0 PATRICIA ROBINSON CHIEF ADMINISTRATIVE OFFICER 0 141750 0 0 0 242 0 9892 0 0 0 151884 0 0 SCHEDULE J, PART I, LINE 3: THE COMPENSATION OF THE CEO IS DETERMINED BY THE RELATED ORGANIZATION, GREATER JAMAICA DEVELOPMENT CENTER, WITH EIN # 23-7021273. THE SALARIES ARE BEING PAID BY THAT ORGANIZATION. PART II, COLUMN B III: FOR JUSTIN RODGERS THE AMOUNT IN THIS COLUMN INCLUDES CONTRIBUTION TO 457(B) RETIREMENT PLAN PART I, LINE 1 GJLDC'S TARGET MARKET AREA IS THE COUNTY OF QUEENS, NEW YORK, AND MORE SPECIFICALLY, GJLDC'S LOAN FUND IS AVAILABLE FOR ANY BUSINESS (EXISTING, NEW, OR START-UP) IN OR PLANNING TO LOCATE WITHIN THE 114XX AND 116XX ZIP CODES WITHIN QUEENS COUNTY, OR QUEENS COUNTY WIDE FOR WOMEN AND BLACK OWNED BUSINESSES. AS AN ALTERNATIVE LENDER, OUR FUND IS TAILORED TO APPLICANTS WHO HAVE BEEN UNABLE TO OBTAIN FINANCING FROM TRADITIONAL SOURCES AT THE LEVEL REQUIRED BY THE VENTURE. THE TARGET APPLICANT IS INDEPENDENTLY OWNED AND OPERATED, AND GENERALLY HAS QUALIFIED AS A SMALL BUSINESS PURSUANT TO THE SBA SIZE STANDARDS BASED UPON DOLLAR VOLUME AND THE NUMBER OF ITS EMPLOYEES. APPLICANTS MUST HAVE SALES OF LESS THAN $10 MILLION. FINANCING IS AVAILABLE FROM $1,000 TO $300,000. SPECIAL CONSIDERATION FOR THE LOAN FUND PRODUCT IS GIVEN TO MEETING THE NEEDS OF WOMEN AND MINORITY-OWNED BUSINESSES. OUR FEDERAL CERTIFICATION INCLUDES A SPECIFIC FOCUS ON BLACK-OWNED BUSINESSES. FORM 990, PART III, LINE 1: GREATER JAMAICA LOCAL DEVELOPMENT COMPANY, INC. ("GJLDC") WORKING IN CONJUNCTION WITH ITS AFFILIATE COMPANY, THE GREATER JAMAICA DEVELOPMENT CORPORATION ("GJDC"), PROVIDES FINANCIAL AND RELATED TECHNICAL ASSISTANCE TO QUALIFYING SMALL BUSINESSES AND/OR ENTREPRENEURS IN GJLDC'S TARGET MARKET. THE OBJECTIVE OF THE FINANCING IS TO PROMOTE ENTREPRENEURSHIP, CREATE NEW JOBS, RETAIN EXISTING JOBS, AND PROMOTE COMMUNITY REVITALIZATION AND/OR STABILIZATION. THIS SUPPORT INCLUDES, BUT IS NOT LIMITED TO, NAVIGATING GOVERNMENTAL REGULATIONS ACCESSING TRAINING GRANTS LOAN PACKAGING ADVOCACY FORM 990, PART III, LINE 4A: WITHIN OUR TARGET MARKET, GJLDC PROVIDES LOANS TO QUALIFIED COMMERCIAL PROSPECTS THAT HAVE BEEN UNABLE TO OBTAIN FINANCING FROM TRADITIONAL LENDERS. WE OFTEN PARTICIPATE WITH OTHER LENDING INSTITUTIONS IN FINANCING PROJECTS THAT ARE BEYOND GJLDC'S FINANCIAL LIMITATION. WE MEASURE OUR SUCCESS BY THE DOLLAR AMOUNT OF LOANS DISBURSED, THE DOLLAR AMOUNT OF PRIVATE INVESTMENT LEVERAGED, THE NUMBER OF JOBS CREATED OR RETAINED AND OTHER PERFORMANCE OBJECTIVES. RECOGNIZING THE NEED FOR URGENT ACTION IN RESPONSE TO THE COVID CRISIS, GJLDC AND ITS AFFILIATE GJDC, SIGNIFICANTLY INCREASED EMPHASIS ON PROVIDING OUR FREE SUITE OF TECHNICAL ASSISTANCE TO SMALL BUSINESSES IN OUR SERVICE GEOGRAPHY, WITH A SPECIAL FOCUS ON MWBE'S. SPECIFICALLY IN 2018 AND 2019, WE PROVIDED SERVICE ASSISTANCE (THROUGH CANVASSING, COMMUNITY ENGAGEMENT EVENTS AND ONE-ON-ONE ASSISTANCE TO ABOUT 500 ENTITIES PER YEAR). BY CONTRAST, IN 2021 AS A RESULT OF COVID'S IMPACT ON SMALL BUSINESSES, WE PROVIDED DIRECT ASSISTANCE TO 1189 BUSINESSES. OUR SERVICES RESULTED IN BUSINESS FUNDING AND/OR GRANTS SECURED OF $5,076,722. THROUGHOUT THE PANDEMIC, WE PARTNERED WITH FEDERAL, STATE, AND LOCAL GOVERNMENTAL UNITS TO PROVIDE FOCUSED ASSISTANCE AND GUIDANCE ON ACCESS TO NEWLY AVAILABLE BUSINESS RESOURCES. THIS DEDICATION CONTINUED IN 2022 AS OUR SERVICE GEOGRAPHY OF MOSTLY MINORITY OWNED ENTITIES RECOVERED IN VERY SLOW FASHION FROM PANDEMIC RESTRICTIONS. THESE BUSINESSES REQUIRE SPECIAL ATTENTION SINCE THEY TYPICALLY DID NOT HAVE ADEQUATE CASH RESERVES, LACKED ACCESS TO EXPERTISE, AND COULD NOT MOVE THEIR BUSINESSES ONLINE DURING THE LOCKDOWNS. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND 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 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: GRANT FROM RELATED ORGANIZATION REPORTED IN PY RETURN 35,000. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART I, LINE 5 AND PART V, LINE 2A: NUMBER OF EMPLOYEES: ALL EMPLOYEES OF GREATER JAMAICA LOCAL DEVELOPMENT COMPANY, INC. ARE PAID THROUGH GREATER JAMAICA DEVELOPMENT CORPORATION AND THE PAYROLL IS ALLOCATED AND CHARGED BACK TO GREATER JAMAICA LOCAL DEVELOPMENT COMPANY, INC. THEREFORE, PART I, LINE 5 AND PART V, LINE 2A INDICATE THAT NO EMPLOYEES WERE REPORTED ON FORM W-3, TRANSMITTAL OF TAX AND WAGE STATEMENTS. SINCE SUCH EMPLOYEES ARE REPORTED ON THE W-3 OF GREATER JAMAICA DEVELOPMENT CORPORATION. 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: JUSTIN RODGERS-GJDC (100%) TODD S BENENSON-GJDC (100%) PATRICIA ROBINSON-GJDC (100%) CAROLINE FORBES-GJDC (100%) BLONDEL PINNOCK-GJDC (100%) JAMAICA CAPITAL CORPORATION 90-04 161ST STREET JAMAICA NY 11432 134214984 REAL ESTATE DE 501(C)(3) LINE 12A TYPE 1 GREATER JAMAICA DEVELOPMENT CORPORATION 0 GREATER JAMAICA DEVELOPMENT CORPORATION 90-04 161ST STREET JAMAICA NY 11432 237021273 COMM. ECO. DEVEL. NY 501(C)(3) LINE 7 N/A 0 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 0 NEXUS JAMAICA NY QALICB INC 90-04 161ST STREET JAMAICA NY 11432 872037628 COMM. ECO. DEVEL. NY 501(C)(3) LINE 12A TYPE 1 GREATER JAMAICA DEVELOPMENT CORPORATION 0 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 GREATER JAMAICA DEVELOPMENT CORPORATION 90-04 161ST STREET JAMAICA NY 11342 237021273 X 0 0 0 9823233 9823233 641162 160291 0 0 0 JAMAICA CAPITAL CORPORATION 90-04 161ST STREET JAMAICA NY 11342 134214984 0 0 0 1520 1520 304 76 0 0 0