2025-03-03T07:49:31-06:00 2024-06-30 873707167 CBIZ ADVISORS LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2023-07-01 112137138 BROOKLYN NAVY YARD DEVELOPMENT CORP BROO 7189075931 141 FLUSHING AVENUE 801 BROOKLYN NY 11205 WILMAL ARIYAWANSA CFO EVP 7189075931 2025-02-24 1 1 MAGDALENA CZERNIAWSKI P00535099 2125038800 2025-02-24 2023 2025-03-06 01:10:19Z LINDSAY GREENE 141 FLUSHING AVENUE 801 BROOKLYN NY 11205 129560297 0 X BROOKLYNNAVYYARD.ORG X 1966 NY TO MANAGE THE BROOKLYN NAVY YARD FOR THE CITY OF NEW YORK, SPECIFICALLY TO EXPAND JOB OPPORTUNITES FOR NEW YORKERS BY FOSTERING THE DEVELOPMENT OF SMALL BUSINESSES. 28 28 436 28 0 0 45323849 55451281 69562079 69310247 2580659 2969110 1804244 1829659 119270831 129560297 0 0 0 0 24718691 28602358 0 0 0 66549590 72074853 91268281 100677211 28002550 28883086 1045949064 1070805485 680441745 676543900 365507319 394261585 TO MANAGE THE BROOKLYN NAVY YARD FOR THE CITY OF NEW YORK, SPECIFICALLY TO EXPAND JOB OPPORTUNITIES FOR NEW YORKERS BY FOSTERING THE DEVELOPMENT OF SMALL BUSINESSES. 0 0 78414709 71844843 TO MANAGE THE BROOKLYN NAVY YARD FOR THE CITY OF NEW YORK, SPECIFICALLY TO EXPAND JOB OPPORTUNITES FOR NEW YORKERS BY FOSTERING THE DEVELOPMENT OF SMALL BUSINESSES. 78414709 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 0 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 1 1 1 0 0 0 1 210 0 1 436 1 0 0 0 0 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 1 1 1 0 NY X WILMAL ARIYAWANSA CFO EVP 7189075931 63 FLUSHING AVENUE BROOKLYN NY 11205 ADAM FREIDMAN BOARD MEMBER 1.00 X 0 0 0 ALEXANDER NOJOVITS BOARD MEMBER 1.00 X 0 0 0 AMANI MARTIN BOARD MEMBER 1.00 X 0 0 0 BILL D TURNER BOARD MEMBER 1.00 X 0 0 0 CAMILLE HASTICK BOARD MEMBER 1.00 X 0 0 0 CARLO A SCISSURA BOARD MEMBER 1.00 X 0 0 0 EDWARD MAFOUND BOARD MEMBER 1.00 X 0 0 0 GABRIELLE FIALKOFF BOARD MEMBER 1.00 X 0 0 0 HANK GUTMAN BOARD CHAIR 2.00 X X 0 0 0 HENRY T BERGER BOARD MEMBER 1.00 X 0 0 0 JANE MARSHALL BOARD MEMBER (OUTGOING) 1.00 X 0 0 0 JILLIAN JOSEPH VICE CHAIR 1.00 X X 0 0 0 JOCELYN RAINEY BOARD MEMBER 1.00 X 0 0 0 JOEL LEITNER BOARD MEMBER 1.00 X 0 0 0 JOSEPH KOHL-RIGGS BOARD MEMBER 1.00 X 0 0 0 KEI HAYASHI BOARD MEMBER 1.00 X 0 0 0 LESTER W YOUNG JR BOARD MEMBER 1.00 X 0 0 0 LISA DAVIS BOARD MEMBER 1.00 X 0 0 0 LISA GOMEZ BOARD MEMBER (OUTGOING) 1.00 X 0 0 0 MARCO CARRION BOARD MEMBER 1.00 X 0 0 0 MEREIDITH KANE BOARD MEMBER 1.00 X 0 0 0 OFER COHEN BOARD MEMBER 1.00 X 0 0 0 RAMON PEGUERO BOARD MEMBER 1.00 X 0 0 0 RONALD MCCAIN BOARD MEMBER 1.00 X 0 0 0 ROTIMIT AKINNUOYE BOARD MEMBER 1.00 X 0 0 0 SAM STERN BOARD MEMBER 1.00 X 0 0 0 STEVEN M SINACORI ESQ BOARD MEMBER 1.00 X 0 0 0 TONI YUILLE-WILLIAMS BOARD MEMBER 1.00 X 0 0 0 WENDY ROWDEN BOARD MEMBER 1.00 X 0 0 0 WILLIAM CRUZ BOARD MEMBER 1.00 X 0 0 0 WILLLIAM D TURNER BOARD MEMBER (OUTGOING) 1.00 X 0 0 0 SUSIE KIM DEPUTY GENERAL COUNSEL 35.00 X 187625 0 81468 BRIAN DREW LINETT SENIOR VICE PRESIDENT, CONTROLLER 35.00 X 197084 0 91880 LINDSAY GREENE PRESIDENT AND CEO 35.00 X 291282 0 90735 NASER GJELOSHI EVP AND COO 35.00 X 271732 0 43857 PAUL KELLY GEN. COUNSEL AND EVP 35.00 X 264367 0 65319 WIMAL ARIYAWANSA CFO AND EVP 35.00 X 262290 0 102316 SHANNY SPRAUS-REINHARDT CHIEF IMPACT OFFICER & EVP 35.00 X 259181 0 74011 JOSEPH AARON COLISTA SR.VP, LEASING 35.00 X 176750 0 80286 KERRY A KEEGAN SR. VP, DESIGN & CONSTRUCTION 35.00 X 208343 0 50509 ARI SCHNEIDERMAN SENIOR VICE PRESIDENT, TECHNOLOGY 35.00 X 209460 0 37500 CARMINE A STABILE SVP, OPERATING. & INFRASTUCTURE 35.00 X 200783 0 89922 SHANI LEIBOWITZ SR. VP, PLANNING & TRANSPORTATION 35.00 X 220072 0 63083 SIMONE ROBINSON-BARNETT SR. 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CONTRACT 2077077 2077077 MISCELLANEOUS 2041727 274869 1766858 998226 164850 833376 100677211 78414709 22262502 0 2100 2099 18951914 13735036 4432600 4355804 37719654 36374655 21232376 21232376 2238313 3929210 613484703 307820316 276257655 305664387 157805563 157805564 527308889 527706354 1045949064 1070805485 10648474 15194601 28995552 14003476 140531385 138105793 500266334 509240030 680441745 676543900 X 0 0 0 0 365507319 394261585 365507319 394261585 1045949064 1070805485 28883086 -128820 0 X X 0 1 X 1 1 1 X 18550148 9792385 29650526 45323849 55451281 158768189 47774696 53331236 67520344 69562079 69310247 307498602 66324844 63123621 97170870 114885928 124761528 466266791 0 0 0 466266791 93671 12250 494218 1161653 2264173 4025965 93671 12250 494218 1161653 2264173 4025965 5021982 5242498 363383 1715552 1031373 13374788 71440497 68378369 98028471 117763133 128057074 483667544 0.96400 0.96660 0.00830 0.00440 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 274,149. 2020 AMOUNT: $ 56,743. 2021 AMOUNT: $ 197,042. 2022 AMOUNT: $ 215,348. 2023 AMOUNT: $ 450,974. FILM SHOOTS - 2019 AMOUNT: $ 127,500. 2020 AMOUNT: $ 169,032. 2021 AMOUNT: $ 40,347. 2022 AMOUNT: $ 163,890. 2023 AMOUNT: $ 79,500. PROPERTY MANAGEMENT - 2019 AMOUNT: $ 6,760. 2020 AMOUNT: $ 3,900,325. 2021 AMOUNT: $ 14,460. 2022 AMOUNT: $ 446,028. 2023 AMOUNT: $ 191,457. GROUND LEASE - 2019 AMOUNT: $ 627,169. 2020 AMOUNT: $ 1,000,000. FEES FROM TENANTS - 2019 AMOUNT: $ 24,413. SHARED SERVICE INCOME - 2019 AMOUNT: $ 26,228. GARBAGE REMOVAL - 2019 AMOUNT: $ 80,190. 2020 AMOUNT: $ 76,942. 2021 AMOUNT: $ 111,534. 2022 AMOUNT: $ 173,495. 2023 AMOUNT: $ 309,442. PERCENTAGE RENT - 2019 AMOUNT: $ 22,241. DEVELOPER FEE - 2019 AMOUNT: $ 3,833,332. STATE TAX REFUND - 2020 AMOUNT: $ 39,456. BAD DEBT RECOVERY - 2022 AMOUNT: $ 716,791. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 509315640 301196735 208118905 6451624 6038450 413174 97717439 585131 97132308 305664387 INVESTMENT IN AFFILIATES 157805564 C 157805564 DUE FROM AFFILIATES 20625493 RESTRICTED CASH 13350757 TENANTS' SECURITY DEPOSITS 9376383 RIGHT OF USE ASSET 182333335 LEASE RECEIVABLE 302020386 527706354 TENANT'S SECURITY DEPOSITS 9497751 LEASE LIABILITY-LONG TERM 207512655 DEFERRED INFLOW OF RESOURCES 292229624 509240030 143404659 13844362 13844362 129560297 0 129560297 121807874 21130663 21130663 100677211 0 100677211 PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITIES' REVENUE 25,062,783. CONSOLIDATED ELIMINATIONS -11,218,421. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITIES' EXPENSES 31,247,058. CONSOLIDATING ELIMINATIONS -10,116,395. X X 0 0 0 0 0 0 0 0 0 LINDSAY GREENE PRESIDENT AND CEO 291282 0 0 0 0 0 30692 0 60043 0 382017 0 0 0 WIMAL ARIYAWANSA CFO AND EVP 262290 0 0 0 0 0 43473 0 58843 0 364606 0 0 0 SHANNY SPRAUS-REINHARDT CHIEF IMPACT OFFICER & EVP 259181 0 0 0 0 0 26600 0 47411 0 333192 0 0 0 PAUL KELLY GEN. COUNSEL AND EVP 264367 0 0 0 0 0 43473 0 21846 0 329686 0 0 0 NASER GJELOSHI EVP AND COO 271732 0 0 0 0 0 43857 0 0 0 315589 0 0 0 CARMINE A STABILE SVP, OPERATING. & INFRASTUCTURE 200783 0 0 0 0 0 31379 0 58543 0 290705 0 0 0 BRIAN DREW LINETT SENIOR VICE PRESIDENT, CONTROLLER 197084 0 0 0 0 0 31100 0 60780 0 288964 0 0 0 MATTHEW BRANDT HARRISON SVP, DEVELOPMENT 194716 0 0 0 0 0 29671 0 60030 0 284417 0 0 0 SHANI LEIBOWITZ SR. VP, PLANNING & TRANSPORTATION 220072 0 0 0 0 0 30874 0 32209 0 283155 0 0 0 HAMZA TAIPOVIC CHIEF ENGINEER 203515 0 0 0 0 0 27252 0 51242 0 282009 0 0 0 SIMONE ROBINSON-BARNETT SR. VP, PROPERTY MANAGEMENT 197171 0 0 0 0 0 29672 0 44152 0 270995 0 0 0 SUSIE KIM DEPUTY GENERAL COUNSEL 187625 0 0 0 0 0 19845 0 61623 0 269093 0 0 0 KERRY A KEEGAN SR. VP, DESIGN & CONSTRUCTION 208343 0 0 0 0 0 31238 0 19271 0 258852 0 0 0 JOSEPH AARON COLISTA SR.VP, LEASING 176750 0 0 0 0 0 24345 0 55941 0 257036 0 0 0 ARI SCHNEIDERMAN SENIOR VICE PRESIDENT, TECHNOLOGY 209460 0 0 0 0 0 32233 0 5267 0 246960 0 0 0 JOHN COBURN VICE PRESIDENT, LEAD ARCHITECT 165113 0 0 0 0 0 23762 0 47970 0 236845 0 0 0 ALEJANDRO TRIANA VP, DESIGN & CONSTRUCTION 150485 0 0 0 0 0 15346 0 44261 0 210092 0 0 0 EVELYN FANNERON ASSISTANT GENERAL COUNSEL 156716 0 0 0 0 0 21353 0 19571 0 197640 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 33 MEMBERS. 29 MEMBERS WHO ARE APPOINTED BY THE MAYOR OF THE CITY OF NEW YORK, AND THE REMAINING 4 MEMBERS WERE THE FOUNDING MEMBERS ON JULY 1, 1992. FORM 990, PART VI, SECTION A, LINE 7A AT ALL TIMES, THERE SHALL BE AS MANY DIRECTORS AS THERE ARE MEMBERS, AND EACH DIRECTOR SHALL BE A MEMBER. THE MEMBERS SHALL ELECT THEMSELVES AS DIRECTORS AT THE ANNUAL MEETING OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND IS REVIEWED BY THE BOARD OF DIRECTORS AND MANAGEMENT PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL BNYDC OFFICERS, DIRECTORS AND KEY EMPLOYEES COMPLETE AND CERTIFY TO CONFLICTS OF INTEREST. BNYDC HUMAN RESOURCES OVERSEES COMPLETION BY ALL BNYDC EMPLOYEES OF A CONFLICT OF INTEREST QUESTIONNAIRE/CERTIFICATION. THE NYC CONFLICT OF INTEREST BOARD REQUIRES AND ADMINISTERS ANNUAL CERTIFICATION/DISCLOSURE STATEMENT OF ANY CONFLICTS OF INTEREST BY KEY EMPLOYEES, OFFICERS AND DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 WITH RESPECT TO COMPENSATION OF BNYDC'S CEO, THE CHAIRMAN OF THE BOARD OF DIRECTORS DETERMINES APPROPRIATE ANNUAL COMPENSATION FOR THE CEO ON AN ANNUAL BASIS USING (I) FORMAL AND INFORMAL INPUT ON THE CEO'S PERFORMANCE FROM THE CEO, OTHER DIRECTORS, OFFICERS AND/OR SENIOR MANAGEMENT; AND (II) DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THE CHAIRMAN OF THE BOARD OF DIRECTORS THEN REVIEWS AND RECEIVES WRITTEN APPROVAL OF THIS DETERMINATION FROM A SUBSET OF THE BOARD OF DIRECTORS. BNYDC HUMAN RESOURCES OR THE CHAIRMAN OF THE BOARD DOCUMENTS AND RECORDS THE DELIBERATIONS AND DECISION ON THE CEO'S COMPENSATION. WITH RESPECT TO COMPENSATION OF OTHER BNYDC OFFICERS OR KEY EMPLOYEES, THE CEO DETERMINES APPROPRIATE ANNUAL COMPENSATION FOR THIS SET OF EMPLOYEES ON AN ANNUAL BASIS USING (I) FORMAL AND INFORMAL INPUT ON EACH KEY EMPLOYEE OR OFFICER'S PERFORMANCE FROM THE EMPLOYEE/OFFICER HIM OR HERSELF, THE BOARD DIRECTORS, OTHER OFFICERS AND/OR OTHER KEY EMPLOYEES; AND (II) DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THE CEO THEN (I) REVIEWS AND RECEIVES WRITTEN APPROVAL OF THIS DETERMINATION FROM SENIOR MANAGEMENT (OTHER THAN THE EMPLOYEE IN CONSIDERATION), AND (II) THEN TAKES THIS TO THE CHAIRMAN OF THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL BY THE CHAIRMAN AND A SUBSET OF THE BOARD OF DIRECTORS. BNYDC HUMAN RESOURCES DOCUMENTS AND RECORDS THE DELIBERATIONS AND DECISION ON THE COMPENSATION OF KEY EMPLOYEES AND OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE GENERAL PUBLIC AT THE ORGANIZATIONS ADMINISTRATIVE OFFICE AND OTHER PUBLIC WEBSITES UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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