Civic Intelligence

Greater Jamaica Development Corporation

EIN 23-7021273 • 501(c)3 • Jamaica, NY

View Organization Page

Profile

See schedule ogreater 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.

90-04 161st Street 704Jamaica, NY 11432

www.gjdc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

69th percentile

0.44x

Higher debt load relative to assets than 69% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

87th percentile

2.00x

Higher debt load relative to revenue than 87% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

8th percentile

-34%

Higher net margin than 8% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

27th percentile

-0.7%

Faster asset growth than 27% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Revenue Growth

44th percentile

4.9%

Faster revenue growth than 44% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets69th percentile

Assets

Down

$38,237,131

Down $765,216 (-2.0%) from 2023

Liabilities

Up

$16,711,710

Up $1,739,695 (+12%) from 2023

Net Assets

Down

$21,525,421

Down $2,504,911 (-10%) from 2023

Operations
Liabilities / Revenue87th percentileNet Margin8th percentile

Revenue

Down

$8,364,914

Down $1,777,304 (-18%) from 2023

Expenses

Up

$11,219,754

Up $648,917 (+6.1%) from 2023

Net Income

Down

-$2,854,840

Down $2,426,221 (-566%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth27th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2016: $25,953,097Liabilities 2016: $15,222,063Net Assets 2016: $10,731,0342016Assets 2017: $24,837,356Liabilities 2017: $14,412,814Net Assets 2017: $10,424,5422017Assets 2018: $40,793,097Liabilities 2018: $12,090,917Net Assets 2018: $28,702,1802018Assets 2019: $46,023,620Liabilities 2019: $17,656,436Net Assets 2019: $28,367,1842019Assets 2020: $47,641,345Liabilities 2020: $20,085,801Net Assets 2020: $27,555,5442020Assets 2021: $43,416,674Liabilities 2021: $16,457,035Net Assets 2021: $26,959,6392021Assets 2022: $38,751,067Liabilities 2022: $15,173,019Net Assets 2022: $23,578,0482022Assets 2023: $39,002,347Liabilities 2023: $14,972,015Net Assets 2023: $24,030,3322023Assets 2024: $38,237,131Liabilities 2024: $16,711,710Net Assets 2024: $21,525,4212024

Highlighted filing

2024

Assets$38,237,131
Liabilities$16,711,710
Net Assets$21,525,421
Open 2024 Filing

Operations Trend

Revenue Growth44th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MRevenue 2016: $9,104,744Expenses 2016: $10,443,084Net Income 2016: -$1,338,3402016Revenue 2017: $8,808,937Expenses 2017: $9,681,912Net Income 2017: -$872,9752017Revenue 2018: $28,432,607Expenses 2018: $10,423,772Net Income 2018: $18,008,8352018Revenue 2019: $8,564,212Expenses 2019: $9,923,943Net Income 2019: -$1,359,7312019Revenue 2020: $6,204,956Expenses 2020: $8,003,426Net Income 2020: -$1,798,4702020Revenue 2021: $8,397,998Expenses 2021: $8,667,457Net Income 2021: -$269,4592021Revenue 2022: $7,601,973Expenses 2022: $9,823,234Net Income 2022: -$2,221,2612022Revenue 2023: $10,142,218Expenses 2023: $10,570,837Net Income 2023: -$428,6192023Revenue 2024: $8,364,914Expenses 2024: $11,219,754Net Income 2024: -$2,854,8402024

Highlighted filing

2024

Revenue$8,364,914
Expenses$11,219,754
Net Income-$2,854,840
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$38,237,131
Liabilities
$16,711,710
Net assets
$21,525,421
Revenue
$8,364,914
Expenses
$11,219,754
Net income
-$2,854,840
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.2$16.7$21.5$8.36$11.2$2.85
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.0$15.0$24.0$10.1$10.6$0.43
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.8$15.2$23.6$7.60$9.82$2.22
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.4$16.5$27.0$8.40$8.67$0.27
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.6$20.1$27.6$6.20$8.00$1.80
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.0$17.7$28.4$8.56$9.92$1.36
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.8$12.1$28.7$28.4$10.4$18.0
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.8$14.4$10.4$8.81$9.68$0.87
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.0$15.2$10.7$9.10$10.4$1.34
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 31, 2025
Return Version
2024v5.2
Gross Receipts
$14,340,104
Mission and Program Overview

Mission

See schedule ogreater 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 our commercial corridors. We seek to enhance downtown jamaica as an attractive place for private investment which will also support cultural activities and amenities that enhance the quality-of-life for its citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$13,079,797$12,302,962▼ $776,835
Investments in Publicly Traded Securities$8,748,853$9,429,824▲ $680,971
Other Notes and Loans Receivable, Net$9,267,500$9,267,500→ $0
Cash and Non-Interest-Bearing Accounts$2,260,198$1,637,015▼ $623,183
Prepaid Expenses and Deferred Charges$872,643$569,229▼ $303,414
Accounts Receivable$661,954$526,206▼ $135,748
Pledges and Grants Receivable$513,360$366,039▼ $147,321
Savings and Temporary Cash Investments$165,145$178,208▲ $13,063
Investments Program Related$14,150$14,150→ $0
Total Assets$39,002,347$38,237,131▼ $765,216
Other Assets Total$3,418,747$3,945,998▲ $527,251
Liabilities
Tax Exempt Bond Liabilities$5,071,184$4,721,027▼ $350,157
Unsecured Notes Loans Payable$2,240,000$4,443,862▲ $2,203,862
Other Liabilities$4,106,484$4,315,939▲ $209,455
Mortgage Notes Payable Secured by Investment Property$1,783,557$1,760,678▼ $22,879
Accounts Payable and Accrued Expenses$1,674,275$1,389,993▼ $284,282
Deferred Revenue$96,515$80,211▼ $16,304
Total Liabilities$14,972,015$16,711,710▲ $1,739,695
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$23,865,299$21,442,904▼ $2,422,395
Net Assets With Donor Restrictions$165,033$82,517▼ $82,516
Total Net Assets Fund Balance$24,030,332$21,525,421▼ $2,504,911
Total Liabilities and Net Assets / Fund Balance$39,002,347$38,237,131▼ $765,216

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,838,850$9,462,612$16,301,462
Leasehold Improvements$1,890,623$5,955,144$7,845,767
Equipment$922,027$1,774,865$2,696,892
Land$2,651,462-$2,651,462
Other Assets Org$2,765,917--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Justin RodgersPresident & CEOPT$285,817$56,948$342,765
Todd BenensonAssistant Treasurer/CFOPT$185,351$37,584$222,935
Patricia RobinsonChief Administrative Officer/VPPT$183,995$34,146$218,141
Aron KurlanderDirector of Business ServicesPT$173,227$16,421$189,648
Tiana LirianoDirector of Real Est. & Prop.FT$147,678$40,858$188,536
Mitchell SternbachDirector Resource DevelopmentFT$142,129$45,368$187,497
Viarlenis AcostaDirector of Bus. Svcs & Special EventsFT$122,649$27,165$149,814
Masheika LewisAssist. Secretary/Director of OperationsFT$119,278$25,655$144,933
Andrea HaynesExecutive Director Greater NexusFT$131,905$11,703$143,608

Board Members and Trustees

NameTitle
Lamont R BaileyChair
Elliot G SanderVice Chair
Michelle StoddartVice Chair
Cedric DewDirector
Daniel a GreeneDirector
David CottonDirector
Drew SpitlerDirector
Eric BluestoneDirector
Frank DimolaDirector
George GuillaumeDirector
Greg PolisDirector
Harold FlakeDirector
Howard GrafDirector
Icema D GibbsDirector
Judy TuckerDirector
Meredith Marshall - Thru 0524Director
Osaze RomanyDirector
Peter KulkaDirector
Philippa KarteronDirector
REV PATRICK H O'CONNORDirector
Rebecca DeutscherDirector
Reginald M RaschDirector
Rev Dr Calvin RiceDirector
Richard DzwlewiczDirector
Richard T AndersonDirector
Wanda JacksonDirector
William LynchDirector
Yarojin RobinsonDirector
Yesenia GrahamDirector
Calvin Lawrence JrSecretary
Jeffrey S TerryTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Newmark Of Long Island LLCBrokerage Fee290 BROADHOLLOW ROAD SUITE 103E, Melville, NY 11747$412,094
Sentinel Management Group INCSecurity Services96-59 222ND STREET SUITE 200, Queens Village, NY 11429$308,403
Vanguard Consrtuction & Development CoInterior Renovation350 FIFTH AVE SUITE 5500, New York, NY 10118$182,335
Armanino CPA LLPAudit Services2700 CAMINO RAMON SUITE 350, San Ramon, CA 94583$104,291
Albanese & Albanese LLPLegal Consultation1050 FRANKLIN AVENUE, Garden City, NY 11530$101,218
Revenue and Support

Revenue Composition

Contributions and Grants
$1,185,778
Program Service Revenue
$6,595,427
Investment Income
$473,382
Other Revenue
$110,327
All Other Contributions
$414,000
Change in Net Assets
$-2,854,840
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,280,673
Salaries, Compensation, and Employee Benefits$3,769,631
Total Fundraising Expense$442,089
Grants and Similar Amounts Paid$169,450
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$2,234,334$121,241-$2,355,575
Other Salaries and Wages$1,395,292$600,261$182,601$2,178,154
Depreciation Depletion$886,827$43,659-$930,486
Current Officers, Directors, Trustees, and Key Employees$173,815$686,407$68,553$928,775
Insurance$762,844$26,407-$789,251
Interest$325,619$114,105-$439,724
Office Expenses$128,362$172,531$547$301,440
Payroll Taxes$129,754$97,315$18,181$245,250
Other Employee Benefits$102,922$85,172$21,673$209,767
Pension Plan Contributions$120,116$62,843$24,726$207,685
Information Technology$53,110$127,204$179$180,493
Grants to Domestic Orgs$169,450--$169,450
Conferences and Meetings$88,945$24,716$5,119$118,780
Fees for Services Accounting-$112,221-$112,221
Travel$41,024$21,982$6,155$69,161
Other Expenses$37,360$848$28,750$66,958
Advertising$3,837$61,021-$64,858
Fees for Service Investment Mgmnt Fees-$49,281-$49,281
All Other Expenses$38,400$6,968-$45,368
Fees for Services Other$3,375$31,311-$34,686
Fees for Services Legal$25,453$6,853-$32,306
Total Functional Expenses$8,325,319$2,452,346$442,089$11,219,754
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Greater Jamaica Local Development Company IncJamaica, NY501(c)(3)Annual Contribution$130,000
Regional Plan AssociationNew York, NY501(c)(3)Tickets and Sponsorship$11,250
Ps 50q the Talfourd Lawn Elementary SchoolJamaica, NYGovernment EntityGeneral Support$5,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$95,328
Fundraising Gross Income$31,350
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$432,899$31,350$2,872$28,478
Total Events$432,899$31,350$95,328$-63,978
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advances on Contracts & Grants$2,000,000
Due to Related Organizations$1,572,003
Lease Liabilities$479,514
Security Deposits$264,422

Bond Issues

BondIssuerIssuedIssue PricePurpose
ANew York City Ida2004-03-23$9,525,000Property acquisition, construction and improvements

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$9,525,000-$4,575,000$571,477

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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 with the irs.”

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 to be signed. 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, and other officers: 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.”

Filing and Contact Details

Filer

Filer Name
Greater Jamaica Development Corporation
EIN
23-7021273
Phone
7182910282
Address
90-04 161ST STREET 704, JAMAICA, NY 11432

Signing Officer

Name
Todd S Benenson
Title
Assistant Treasurer/CFO
Phone
7182910282
Signed
2025-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justin K Rodgers
Formed
1967
Legal Domicile
Ny
Voting Board Members
30
Independent Board Members
30
Employees
39
Volunteers
30

Preparer

Firm
Armanino Advisory LLC
Address
437 MADISON AVE SUITE 3700, NEW YORK, NY 10022
Preparer
Matthew Petroski
Phone
2127926300
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Transfer of excess revenue from 501(c)(2) org. To 501(c)(3) parent -89,779.”

Financial Statement Notes

PART X, LINE 2:

“The organization accounts for uncertain income tax positions in accordance with fasb accounting standards codification ("asc") topic 740, income taxes, which provides standards for establishing and classifying any tax provisions for uncertain tax positions. There has been no interest or penalties recognized in the consolidated statement of activities nor in the consolidated statement of financial position related to uncertain tax positions as management believes they have appropriate support for any tax positions taken. In addition, no tax positions exist for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease within the next 12 months. The organization evaluates any uncertain tax positions on a continual basis through review of its policies and procedures and discussions with outside experts. Management believes there are no uncertain tax positions as of december 31, 2024 and 2023. The organization's tax returns are subject to examination by the respective taxing authorities, generally for three years after they were filed.”

Raw XML AppendixShowing 400 of 1,249 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0GJDC 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 OUR COMMERCIAL CORRIDORS. WE SEEK TO ENHANCE DOWNTOWN JAMAICA AS AN ATTRACTIVE PLACE FOR PRIVATE INVESTMENT WHICH WILL ALSO SUPPORT CULTURAL ACTIVITIES AND AMENITIES THAT ENHANCE THE QUALITY-OF-LIFE FOR ITS CITIZENS.
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IRS990/Desc0SEE SCHEDULE OEFFECTIVE PARKING TO CATALYZE ECONOMIC GROWTH:WITH 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"), A WHOLLY OWNED SUBSIDIARY OF GJDC, OWNS AND OPERATES PARKING IN THE DOWNTOWN IN ORDER IMPROVE TRANSPORTATION, SUPPORT LOCAL ECONOMIC ACTIVITY AND DEVELOPMENT. AS THE NONPROFIT OWNER OF FOUR PARKING FACILITIES WITH APPROXIMATELY 1,800 SPACES IN THE DOWNTOWN, JFP PROVIDES SAFE, ATTRACTIVE, AFFORDABLY PRICED PARKING TO SUPPORT ECONOMIC AND CULTURAL ACTIVITY IN JAMAICA.
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