Greater Jamaica Development Corp in Jamaica, New York (NY)
Table of contents:
| Greater Jamaica Development Corp | |
| Employer Identification Number (EIN) | 237021273 |
| Name of Organization | Greater Jamaica Development Corp |
| Address | 90-04 161th Street Suite 704, Jamaica, NY 11432-6141 |
| Activities | Other activity aimed t combating community deterioration |
| Subsection | Charitable Organization, Educational Organization, Scientific Organization |
| Ruling Date | 10/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $5,000,000 to $9,999,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $44,800,798 |
| Amount of Income | $9,299,999 |
| Form 990 Revenue Amount | $8,884,927 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $9,299,999 (it was $9,955,244 in 2012)
| This organization: | $9,299,999 |
| Other organizations performing similar types of work: | $190,298 |
Assets in 2013: $44,800,798 (it was $45,022,053 in 2012)
| This organization: | $44,800,798 |
| Other organizations performing similar types of work: | $326,461 |
Expenses in 2012: $11,806,906
| This organization: | $11,806,906 |
| Other organizations performing similar types of work: | $231,022 |
Income to expenses ratio in 2012: 0.8
| This organization: | 0.8 |
| Other organizations performing similar types of work: | 1.0 |
Number of employees in 2012: 71
| Greater Jamaica Development Corp: | 71 |
| Other organizations performing similar types of work: | 2 |
Employees paid over $100,000 in 2012: 8.5%
| Greater Jamaica Development Corp: | 8.5% |
| Other organizations performing similar types of work: | 0.0% |
Grants share in income in 2012: 3.9%
| Greater Jamaica Development Corp: | 3.9% |
| Other organizations performing similar types of work: | 35.7% |
Revenue for 2012
Functional expenses for 2012
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $9,890,597 |
| Contributions, Gifts, Grants and Other Similar Amounts | $384,871 |
| Program Service Revenue | $9,205,035 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $236,564 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net loss from fundraising events | $-29,116 |
| Gross income from fundraising events | $35,531 |
| Less: direct expenses | $64,647 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $93,243 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $11,806,906 |
| Compensation of current officers, directors, trustees, and key employees | $655,277 |
| Other salaries and wages | $1,967,693 |
| Payroll taxes | $222,324 |
| Professional fundraising services | $30,000 |
| Other | $8,931,612 |
| Balance Sheet (for 2012) | |
| Total assets | $45,022,053 |
| Total liabilities | $32,401,060 |
| Tax-exempt bond liabilities | $12,255,000 |
| Secured mortgages and notes payable to unrelated third parties | $4,607,549 |
| Unsecured notes and loans payable to unrelated third parties | $1,389,377 |
| Other | $14,149,134 |
| Total net assets or fund balances | $12,620,993 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total Support | $3,782,378 |
| Gifts, grants, contributions, and membership fees received | $2,864,325 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $918,053 |
| Gross receipts from related activities, etc. | $60,255,247 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | South Bronx Overall Economic Development Corporation | 555 Bergen Ave, Bronx, NY 10455-1368 | NY | 1973-08 | $8,444,805 |
| 2 | Saratoga Economic Development Corporation | 28 Clinton Ave, Saratoga Springs, NY 12866-2391 | NY | 1980-01 | $831,929 |
| 3 | Washington Heights And Inwood Development Corporation | 57 Wadsworth Ave, New York, NY 10033-7048 | NY | 1979-02 | $633,423 |
| 4 | Watertown Local Development Corporation | 82 Public Sq, Watertown, NY 13601-2622 | NY | 1984-06 | $436,495 |
| 5 | Ujamaa Community Development Corporation | 52 S 6th Ave, Mount Vernon, NY 10550-3005 | NY | 1997-10 | $268,187 |
| 6 | Seaway Trail Incorporated | 109 Barracks Dr, Sackets Hbr, NY 13685-9530 | NY | 1985-06 | $78,045 |
| 7 | The Affordable Housing Conservancy | 2 Eugene L Brown Dr, New Paltz, NY 12561-3946 | NY | 1995-07 | $8,956 |
| 8 | Yonkers Local Assistance Corporation | 470 Nepperhan Ave, Yonkers, NY 10701-6651 | NY | 1995-10 | $645 |
| 9 | Community Bridges Inc | 150 Glenwood Avenue Suite G-5, Yonkers, NY 10703-2650 | NY | 1998-11 | $0 |
| 10 | Dunkirk Local Development Corporation | 342 Central Ave, Dunkirk, NY 14048-2122 | NY | 1997-12 | $0 |
| 11 | East Harlem Community Development | 217 E 116th St, New York, NY 10029-1402 | NY | 1998-11 | $0 |
| 12 | Elmhurst Economic Development Corporation | 8702 Queens Blvd, Elmhurst, NY 11373-4419 | NY | 1983-07 | $0 |
| 13 | Euphoric | 128 Lewis Avenue 110, Brooklyn, NY 11221-2058 | NY | 1997-04 | $0 |
| 14 | Ghanaian Association Of Westchester | PO BOX 972, Yonkers, NY 10703 | NY | 1998-07 | $0 |
| 15 | Historic Troy 2020 Inc | 210 River Street, Troy, NY 12180 | NY | 1989-09 | $0 |
| 16 | Lyell Area Revitalization Committee Inc | 175 Fairgate St, Rochester, NY 14606-1445 | NY | 1992-12 | $0 |
| 17 | Ninth Avenue Local Development Corp | 492 9th Ave, New York, NY 10018-4102 | NY | 1985-10 | $0 |
| 18 | Northern Advanced Technologies Corporation Natco | 5542 Clarkson University, Potsdam, NY 13699-5549 | NY | 1989-03 | $0 |
| 19 | Onondaga Conty Infrastructure Commission Inc, Martineau Daniel | 407 Court House, Syracuse, NY 13208-1605 | NY | 1996-02 | $0 |
| 20 | Seneca 2000 Inc Co Joyce Sinicropi | 15 Cuddeback Street, Seneca Falls, NY 13148 | NY | 1994-05 | $0 |
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| Total | 531 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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