2026-03-09T18:54:22-05:00 2025-12-31 333709623 COHNREZNICK ADVISORY LLC 500 EAST PRATT STREET 4TH FLOOR BALTIMORE MD 21202 990 2025-01-01 472526419 BUILDING 77 QALICB INC C/O BROOKLYN NAVY YARD DEVELOPMENT CORP BUIL 7189075900 141 FLUSHING AVE 801 BROOKLYN NY 11205 PAUL KELLY PRESIDENT 7189075900 2026-03-06 1 LORI ROTHE YOKOBOSKY P01273422 4107834900 2026-03-06 2025 2025-03-06 01:10:19Z PAUL KELLY 141 FLUSHING AVE 801 BROOKLYN NY 11205 16638081 0 X N/A X 2014 NY TO SUPPORT THE CHARITABLE ACTIVITIES OF BROOKLYN NAVY YARD DEVELOPMENT CORPORATION WHOSE MISSION IS TO PROMOTE LOCAL ECONOMIC DEVELOPMENT & JOB CREATION IN BROOKLYN BOROUGH OF NYC. 5 1 0 1 0 0 0 0 15307030 16626074 291 3124 458617 8883 15765938 16638081 0 0 0 0 1775787 1500723 0 0 0 28056949 27355427 29832736 28856150 -14066798 -12218069 177919009 171333649 21989065 27618186 155929944 143715463 X THE ORGANIZATION'S EXEMPT MISSION IS TO SERVE AS A SUPPORTING ORGANIZATION TO BNYDC, WHOSE MISSION IS TO PROMOTE LOCAL ECONOMIC DEVELOPMENT AND JOB CREATION IN THE BROOKLYN BOROUGH OF NEW YORK CITY, TO DEVELOP UNDERUTILIZED AREAS OF THE BROOKLYN NAVY YARD AND TO OVERSEE MODERNIZATION OF THE NAVY YARD'S INFRASTRUCTURE AND ASSETS, WHILE ALSO MAINTAINING ITS HISTORICAL INTEGRITY. THE ORGANIZATION WILL ENGAGE IN ECONOMIC DEVELOPMENT, SPECIFICALLY, BY REHABILITATING, REDEVELOPING AND LEASING BUILDING 77 OF THE NAVY YARD, THEREBY CREATING THOUSANDS OF JOBS FOR RESIDENTS AND THE CITY OF NEW YORK. 0 0 28775998 16634957 BUILDING 77 QALICB, INC. (THE "CORPORATION") WAS ORGANIZED ON DECEMBER 10, 2014, AS A NEW YORK NONSTOCK, NONPROFIT CORPORATION FOR THE PURPOSE OF REHABILITATING AND OPERATING A COMMERCIAL PROPERTY LOCATED IN BROOKLYN, NEW YORK. THE PROPERTY INCLUDES ONE BUILDING WHICH IS EXPECTED TO CONSIST OF 1,000,000 SQUARE FEET OF COMMERCIAL RENTAL SPACE. AS OF DECEMBER, 2023 AND 2022, 668,394 AND 668,394, RESPECTIVELY, OF SQUARE FEET WERE LEASED. THE PROPERTY IS OWNED BY THE CITY OF NEW YORK, WHICH LEASES IT TO BROOKLYN NAVY YARD DEVELOPMENT CORPORATION ("BNYDC") WHICH IN TURN LEASES TO THE CORPORATION. THE CORPORATION SUBLETS THE SPACE TO COMMERCIAL TENANTS. THE CORPORATION IS A QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS IN ACCORDANCE WITH THE TERMS UNDER THE NEW MARKETS TAX CREDIT ("NMTC") PROGRAM PURSUANT TO SECTION 45D OF THE IRC. THE CORPORATION IS REQUIRED TO COMPLY WITH VARIOUS RULES AND REGULATIONS AND FAILURE TO COMPLY WITH THESE OR OTHER REQUIREMENTS COULD RESULT IN THE RECAPTURE OF NMTC ALREADY TAKEN BY THE MORTGAGE LENDERS AND POTENTIAL LOSS OF FUTURE NMTCS. 28775998 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 NY X WIMAL ARIYAWANSA 7189075981 141 FLUSHING AVE SUITE 801 BROOKLYN NY 11205 SHANNY SPRAUS-REINHARDT PRESIDENT, DIRECTOR 1.00 36.00 X X 0 274157 87675 SUSIE KIM VP, DIRECTOR 1.00 36.00 X X 0 208131 87211 WIMAL ARIYAWANSA TREASURER, DIRECTOR 1.00 36.00 X X 0 277519 100977 PAUL KELLY SECRETARY, DIRECTOR 1.00 36.00 X X 0 286165 44620 WENDY ROWDEN DIRECTOR 1.00 1.00 X 0 0 0 0 1045972 320483 0 0 1 0 0 RENT - COMMERCIAL 531110 12037464 12037464 OTHER RENTAL INCOME 531110 4588610 4588610 16626074 3124 3124 ELECTRICITY INC. NON TAXABLE 900099 8883 8883 8883 16638081 16634957 0 3124 1500723 1500723 11999 11999 39323 39323 28830 28830 7147 7147 86427 86427 3713375 3713375 455575 455575 15515000 15515000 5662658 5662658 984863 984863 REPAIRS & MAINTENANCE 709000 709000 BAD DEBTS 131935 131935 TAXES 1500 1500 7795 7795 28856150 28775998 80152 0 86159 190065 1772338 1064427 320789 221816 199508552 43846253 161132080 155662299 14607643 14195042 177919009 171333649 188914 308890 21800151 27309296 21989065 27618186 X 155929944 143715463 155929944 143715463 177919009 171333649 X -12218069 3588 X 0 0 0 X X 1 BROOKLYN NAVY YARD DEVELOPMENT CORP 112137138 10 1 15515000 0 1 15515000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 199423862 43761563 155662299 84690 84690 0 155662299 DEFERRED ASSETS 9979570 SECURITY DEPOSITS 3479983 LEASING COMMISSIONS 488167 CONSTRUCTION IN PROGRESS 247322 14195042 OTHER LIABILITIES 131914 SECURITY DEPOSITS LIABILITY 3496835 DUE TO/FROM AFFILIATE 23681721 SUSPENSE -1174 27309296 0 0 0 1 1 0 0 0 0 WIMAL ARIYAWANSA TREASURER, DIRECTOR 0 277519 0 0 0 0 0 44603 0 56374 0 378496 0 0 SHANNY SPRAUS-REINHARDT PRESIDENT, DIRECTOR 0 274157 0 0 0 0 0 43580 0 44095 0 361832 0 0 PAUL KELLY SECRETARY, DIRECTOR 0 286165 0 0 0 0 0 43952 0 668 0 330785 0 0 SUSIE KIM VP, DIRECTOR 0 208131 0 0 0 0 0 31206 0 56005 0 295342 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COMPLETE COPY OF THE FORM 990 IS MADE AVAILABLE TO THE MEMBERS OF THE GOVERNING BODY BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE PURPOSE OF THE CONFLICT OF INTEREST POLICY IS TO PROTECT THE BUILDING 77 QALICB, INC.'S (ORGANIZATION) INTEREST WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER OR DIRECTOR OF THE ORGANIZATION OR MIGHT RESULT IN A POSSIBLE EXCESS BENEFIT TRANSACTION. THIS POLICY IS INTENDED TO SUPPLEMENT BUT NOT REPLACE ANY APPLICABLE STATE AND FEDERAL LAWS GOVERNING CONFLICT OF INTEREST APPLICABLE TO NOT-FOR-PROFIT AND CHARITABLE ORGANIZATIONS. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 AND OTHER PUBLIC DOCUMENTATION IS AVAILABLE TO THE PUBLIC UPON REQUEST DURING NORMAL BUSINESS HOURS. FORM 990, PART XI, LINE 9: OTHER CHANGES IN NET ASSETS 3,588. BROOKLYN NAVY YARD DEV CORP 141 FLUSHING AVENUE SUITE 801 BROOKLYN NY 11205 112137138 DEVELOPMENT NY 501(C)(3) LINE 10 N/A 0 GMC LANDLORD LLC 63 FLUSHING AVE UNIT 300 BROOKLYN NY 11205 900871426 FINANCING AND CONSTRUCTION BLDG NY N/A 0 0 GMC MASTER TENANT LLC 63 FLUSHING AVE UNIT 300 BROOKLYN NY 11205 800837157 FINANCING AND CONSTRUCTION BLDG NY N/A 0 0 BUILDING 127 MASTER TENANT LLC 63 FLUSHING AVE UNIT 300 BROOKLYN NY 11205 611863910 FINANCING AND CONSTRUCTION BLDG NY N/A 0 0 127 MANAGER INC 63 FLUSHING AVE UNIT 300 BROOKLYN NY 11205 FINANCING AND CONSTRUCTION BLDG NY N/A C 0 BUILDING 127 PURCHASER INC 63 FLUSHING AVE UNIT 300 BROOKLYN NY 11205 FINANCING AND CONSTRUCTION BLDG NY N/A C 0 GMC BROOKLYN INC 63 FLUSHING AVE UNIT 300 BROOKLYN NY 11205 FINANCING CONSTRUCTION NY N/A C 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0