2017-11-13T14:58:57-06:00 2016-12-31 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2016-01-01 237021273 GREATER JAMAICA DEVELOPMENT CORPORATION GREA 7182910282 90-04 161ST STREET NO 704 JAMAICA NY 11432 TODD S BENENSON ASSISTANT TREASURER 7182910281 2017-11-13 1 ROBERT R LYONS CPA P00227472 2125038800 69.74.165.34 2017-11-13 15:50:54 ES P 1423E06F9E6F9EFDA19AB3AABD1FE32D0EF26F97 B8E8917F0931719FE7A109CCAA1C726E9AF7A481 2016 2017-02-10 21:41:12Z HOPE KNIGHT 90-04 161ST STREET NO 704 JAMAICA NY 11432 9176180 0 X WWW.GJDC.ORG X 1967 NY SEE SCHEDULE O. 33 33 61 33 0 0 510933 483743 8205191 8512065 -1258134 42433 582888 66503 8040878 9104744 106900 87450 0 0 3798482 3804384 47000 0 238642 9003626 6551250 12956008 10443084 -4915130 -1338340 31282115 25953097 19388667 15222063 11893448 10731034 X SEE SCHEDULE O. 0 0 4734323 62450 6217789 EFFECTIVE PARKING TO CATALYZE ECONOMIC GROWTHWITH 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"), AN AFFILIATE OF GJDC, OWNS AND OPERATES PARKING IN THE DOWNTOWN IN ORDER IMPROVE TRANSPORTATION, SUPPORT LOCAL ECONOMIC ACTIVITY AND DEVELOPMENT. AS THE NONPROFIT OWNER OF FIVE PARKING FACILITIES WITH 2,000 SPACES IN THE DOWNTOWN, JFP PROVIDES SAFE, ATTRACTIVE, AFFORDABLY-PRICED PARKING TO SUPPORT ECONOMIC AND CULTURAL ACTIVITY IN JAMAICA. 1725329 1564078 JAMAICA MARKETSINCE ITS OPENING IN 1990, THE JAMAICA MARKET HAS ESTABLISHED ITSELF AS A COMMUNITY MEETING PLACE OFFERING AN ECLECTIC ARRAY OF AFFORDABLE CULINARY CHOICES - FROM SALADS AND SANDWICHES TO JUICES AND ETHNIC FOODS FROM ASIA, LATIN AMERICA, AND THE CARIBBEAN ALL IN A CONVENIENT LOCATION. OVER THE YEARS, THE MARKET HAS HELPED MANY CREATIVE AND AMBITIOUS ENTREPRENEURS START BUSINESSES IN A COMMERCIAL CORRIDOR WHERE IT MIGHT OTHERWISE BE TOO EXPENSIVE FOR THEM TO OPEN SHOP; THERE ARE CURRENTLY OVER 20 SHOPS SELLING HOT FOOD, NEWS, COFFEE, MAGAZINES, FLOWERS, COSMETICS, JEWELRY, HAIR PRODUCTS AND MORE.LOCATED IN THE JAMAICA MARKET IS THE HARVEST ROOM. ONE OF THE ONLY OFFERINGS OF ITS KIND IN DOWNTOWN JAMAICA - SERVING AS A LARGE SCALE EVENT SPACE THAT GJDC OFFERS FOR COMMUNITY CONVENING PURPOSES. ABLE TO ACCOMMODATE UP TO 150 GUESTS, THE LOCAL COMMUNITY USES THE HARVEST ROOM FOR A WIDE VARIETY OF FAMILY, SOCIAL, AND BUSINESS EVENTS. NOT ONLY CAN THE VENUE BE RENTED FOR AFFORDABLE RATES, GJDC ALSO PROVIDES THE SPACE IN-KIND FOR CERTAIN COMMUNITY EVENTS. FARMER'S MARKETTHE JAMAICA FARMER'S MARKET IS THE LONGEST RUNNING MARKET OF ITS KIND IN NYC. THE MARKET, SPONSORED BY GJDC, HAS BEEN HELD IN THE COMMUNITY SINCE 1974. BETWEEN 500 AND 1,400 PEOPLE ATTEND THE FARMER'S MARKET EACH DAY, WHICH IS HELD SEASONALLY ON FRIDAYS AND SATURDAYS AND RUNS FROM JUNE THROUGH NOVEMBER. ASSORTED VENDORS OFFER FRESH FRUITS & VEGETABLES, BAKED GOODS, BEVERAGES, SPECIALTY FOODS AND OTHER SPECIAL TREATS. 261118 195849 IMPROVING INFRASTRUCTURE AND ACCESSGJDC HAS PLAYED A KEY ROLE IN ADVOCATING FOR AND SECURING FUNDING FOR VARIOUS, LARGE-SCALE TRANSPORTATION IMPROVEMENT PROJECTS IN THE DOWNTOWN. THESE PROJECTS AIM TO INCREASE PEDESTRIAN ACCESS AND SAFETY, IMPROVE TRAFFIC FLOW, ACCOMMODATE INCREASED BUS VOLUMES, CREATE NEW PUBLIC OPEN SPACE AND SUPPORT ECONOMIC REVITALIZATION.ALREADY COMPLETED IS THE REHABILITATION OF THE SUTPHIN BOULEVARD RAILROAD UNDERPASS, IN WHICH THE RAILROAD'S DILAPIDATED LOADING DOCKS WERE TRANSFORMED INTO AN ATTRACTIVE, DRAMATICALLY LIT RETAIL ARCADE THAT LINKS NORTH AND SOUTH JAMAICA AT ITS MOST VISIBLE JUNCTION. FUNDS FROM THE PORT AUTHORITY OF NEW YORK AND NEW JERSEY CONTRIBUTED TO THIS PROJECT.ADDITIONALLY, GJDC IS ALSO COORDINATING WITH THE CITY OF NEW YORK FOR THE CREATION OF A NEW PEDESTRIAN-FRIENDLY INTERMODAL TRANSFER POINT ON SUTPHIN BOULEVARD AND ARCHER AVENUE FOR THE MORE THAN 25,000 TRANSIT USERS WHO PASS THROUGH THIS INTERSECTION ON A DAILY BASIS. THE ROADWAY WILL BE REALIGNED TO IMPROVE BUS TURNS, THE SIDEWALKS WILL BE WIDENED, PLAZAS CREATED AND THE SUBWAY EXITS TO THE NORTH OF ARCHER AVENUE IN THE SIDEWALK AREA WILL BE RELOCATED INTO THE PLAZAS. AT THE SAME TIME, THE ATLANTIC AVENUE EXTENSION PROJECT TAKES AN EXISTING MAPPED RIGHT-OF-WAY AND EXTENDS ATLANTIC AVENUE. AS A RESULT THREE SMALL NEW PUBLIC SPACES WILL BE CREATED. THE NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION IS ADMINISTERING THESE PROJECTS. 1427440 25000 534349 FACILITATING TRANSIT-ORIENTED DEVELOPMENTGJDC HAS SUCCESSFULLY UNDERTAKEN THE PRE-DEVELOPMENT PLANNING AND SITE ASSEMBLAGE NECESSARY TO CREATE TRANSIT-ORIENTED DEVELOPMENT AROUND JAMAICA'S PUBLIC TRANSPORTATION INFRASTRUCTURE.THROUGH ITS AFFILIATE JAMAICA CAPITAL CORPORATION, GJDC ADVANCED TWO KEY PROJECTS - A MIXED-USE HOTEL AND RESTAURANT AND A COMBINED MIXED-INCOME RESIDENTIAL AND RETAIL FACILITY NEAR THE AIRTRAIN TERMINAL/LONG ISLAND RAILROAD STATION. AS A RESULT OF THE LAND SALE OF THESE SITES IN 2015, THERE ARE NOW SEVERAL OTHER PROPERTY OWNERS IN TALKS WITH DEVELOPERS IN THE JAMAICA STATION AREA.THE RESIDENTIAL/RETAIL SITE WAS SOLD TO AN EXPERIENCED MINORITY DEVELOPER OF MIXED-INCOME AFFORDABLE HOUSING, AND IS NOW IN CONSTRUCTION; THE HOTEL SITE WILL COMMENCE DEMOLITION BY FALL 2017. FACILITATING AFFORDABLE HOUSING DEVELOPMENT IN RESPONSE TO RESOUNDING DEMAND FOR AFFORDABLE HOUSING AND NEW RETAIL BY THE JAMAICA COMMUNITY, JFP RELEASED AN RFP IN SEPTEMBER 2016 FOR THE DEVELOPMENT OF A HIGH-QUALITY MIXED-USE PROJECT CONSISTING OF RETAIL AND MIXED-INCOME RESIDENCES ON ONE OF ITS PARKING LOTS. OBJECTIVES OF THE PROJECT INCLUDE A MINIMUM OF 400 MIXED-INCOME RESIDENTIAL UNITS, A MINIMUM OF 75,000 SQUARE FEET OF RETAIL AND 5,000 SQUARE FEET OF ARTIST MULTI-PURPOSE SPACE. THE SELECTED DEVELOPER WILL BE ANNOUNCED BY FALL 2017. IN THE SAME VEIN, WHEN THE FAITH-BASED DEVELOPER OF A LOCAL AFFORDABLE HOUSING PROJECT KNOWN AS "TREE OF LIFE" WAS IN SEARCH OF ADDITIONAL FUNDING FOR ITS PROJECT, GJDC'S REAL ESTATE TEAM WAS INSTRUMENTAL IN HELPING TO IDENTIFY $500,000 OF CITY COUNCIL FUNDING TO COMPLETE THE FINANCIAL STACK OF THE PROJECT.BEAUTIFYING PUBLIC SPACESTHROUGH ITS AFFILIATE JFP, GJDC PROVIDES ENHANCED DOWNTOWN MANAGEMENT SERVICES THROUGH ITS JAMAICA ALLIANCE PROGRAM. THE ALLIANCE PROVIDES SECURITY, HORTICULTURE, AND VISITOR/GREETER SERVICES. THE ALLIANCE'S HORTICULTURE ENHANCEMENTS INCLUDE OVER 100 HAY RACKS AND PLANTERS ENLIVENED WITH SMALL TREES, SHRUBS, AND SEASONAL FLOWERS PLACED ON LIGHT POLES, SIDEWALKS, AND MEDIANS THROUGHOUT THE DOWNTOWN. ADDITIONALLY, THE ALLIANCE MAINTAINS TWO GREEN STREET IMPROVEMENTS FOR NYC DOT, MAINTAINS THE GROUNDS IN FRONT OF THE JAMAICA PERFORMING ARTS CENTER, AND PROVIDES ONGOING MAINTENANCE AND GROUNDS KEEPING AT THE HISTORICALLY SIGNIFICANT, FOUR-ACRE PROSPECT CEMETERY AND ACCOMPANYING CHAPEL.LINKING THE ARTS WITH ECONOMIC DEVELOPMENTGJDC, THROUGH ITS CULTURE BUILDS JAMAICA PROGRAM, HAS LONG EMPLOYED THE ARTS TO FOSTER ECONOMIC DEVELOPMENT. GJDC'S WORK INCLUDES PRESENTING PERFORMANCES IN PUBLIC SPACES, BRINGING TOGETHER LOCAL ARTISTS AND ARTS ORGANIZATIONS, HIGHLIGHTING THEIR WORK AND CREATING SPACES FOR ARTISTS TO LIVE, WORK AND PRESENT THEIR ART.EVENTS AND PROGRAMMINGIN ORDER TO HELP CONNECT RESIDENTS TO THEIR NEIGHBORHOOD, GJDC SPONSORS SEVERAL EVENTS THROUGHOUT THE YEAR. THIS YEAR, GJDC HOSTED ITS 3RD ANNUAL BREW-N-CHEW, AN AFTER-HOURS BUSINESS AND SOCIAL GET-TOGETHER. THIS OUTDOOR EVENT ALLOWS VISITORS A CHANCE SAMPLE BEERS SUPPLIED BY LOCAL BREWERIES, AND TASTINGS FROM LOCAL EATERIES. ADDITIONALLY, GJDC HELD ITS 3RD ANNUAL INTERNATIONAL RESTAURANT CRAWL WHERE PARTICIPANTS WERE LED ON A TASTING EXPERIENCE OF RESTAURANTS IN AND SURROUNDING JAMAICA.MERCHANT ORGANIZINGTHE JAMAICA HILLS PARTNERSHIP IS AN EFFORT LED BY GJDC THROUGH FUNDING PROVIDED BY NYC COUNCILMEMBER RORY LANCMAN. THE PARTNERSHIP ORGANIZED A MERCHANT'S ASSOCIATION AND PROVIDES A PLATFORM WHERE BUSINESS OWNERS, PROPERTY OWNERS, COMMUNITY MEMBERS, AND OTHER STAKEHOLDERS ON HILLSIDE AVENUE BETWEEN PARSONS BOULEVARD AND 170TH STREET CAN INTERFACE AND STRATEGIZE. THE PARTNERSHIP HELD SEVERAL TOWN HALL MEETINGS WHERE QUALITY OF LIFE, SAFETY, TRANSPORTATION, AND SANITATION CONCERNS ALONG THIS CORRIDOR WERE RAISED. AS A RESULT OF THE TOWN HALL MEETING, NEW TRASH CANS WERE INSTALLED ALONG THE AVENUE; THE PARTNERSHIP WEBSITE WAS REVAMPED, AND GJDC STAFF SURVEYED THE CORRIDOR AND CREATED A BUSINESS DIRECTORY. IN ORDER TO CONTINUE MOMENTUM, IN MAY 2017 THE PARTNERSHIP HOSTED A STREET FESTIVAL BRINGING TOGETHER LOCAL RESTAURANTS, VENDORS, BANDS, AND ENTERTAINMENT FOR THE BENEFIT OF THE LOCAL COMMUNITY.BUSINESS SERVICESGJDC'S BUSINESS SERVICES GROUP (BSG) PROVIDES DIRECT SERVICES TO LOCAL BUSINESSES WITH A PARTICULAR FOCUS ON INDUSTRIAL AND MINORITY AND WOMEN OWNED BUSINESSES IN THE AREA.BSG MONITORS AND REPORTS TO THE CITY ON GENERAL BUSINESS NEEDS IN CITY-DESIGNATED INDUSTRIAL BUSINESS ZONES. IT ALSO MONITORS INFRASTRUCTURE NEEDS IN THESE AREAS AND RECOMMENDS IMPROVEMENTS. IT PROVIDES ASSISTANCE TO INDUSTRIAL BUSINESSES IN THE AREAS OF FINANCING; ACCESS TO INCENTIVES AND BENEFITS FOR BUSINESS EXPANSION AND INVESTMENTS INCLUDING EMPLOYEE TRAINING GRANTS; ENERGY EFFICIENCY; AND NAVIGATING GOVERNMENT. RECENTLY, GJDC HELPED A LOCAL DAIRY DISTRIBUTOR THAT PLANNED TO SHUTTER ITS OPERATIONS (RESULTING IN THE LOSS OF 200 LOCAL JOBS) RESPOND TO A REQUEST ISSUED BY THE CITY OF NEW YORK CITY FOR PROPOSALS FOR REDEVELOPMENT OF SEVEN ACRES OF CITY LAND NEAR JFK AIRPORT. AS A RESULT OF GJDC'S ASSISTANCE, THE BUSINESS WAS SELECTED TO ACQUIRE THE SITE AND CONSTRUCT A NEW CLIMATE CONTROLLED DISTRIBUTION WAREHOUSE AND MILK PROCESSING FACILITY, CREATING 50 NEW MANUFACTURING JOBS. 1427440 25000 534349 8148210 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 0 1 57 0 61 1 0 0 0 0 0 1 1 0 0 0 0 X 33 33 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NY X TODD S BENENSON 7182910282 90-04 161ST STREET JAMAICA NY 11432 PETER KULKA BOARD MEMBER 1.00 2.00 X X 0 0 0 ELLIOT G SANDER BOARD MEMBER 1.00 2.00 X X 0 0 0 JONATHAN WHITE BOARD MEMBER 1.00 2.00 X X 0 0 0 ARTHUR BENJAMIN JR BOARD MEMBER 1.00 2.00 X X 0 0 0 ERIC BLUESTONE BOARD MEMBER 1.00 2.00 X 0 0 0 DAVID COTTON BOARD MEMBER 1.00 2.00 X 0 0 0 REBECCA DEUTSCHER BOARD MEMBER 1.00 2.00 X 0 0 0 CEDRIC DEW BOARD MEMBER 1.00 2.00 X 0 0 0 FRANK DIMOLA BOARD MEMBER 1.00 2.00 X 0 0 0 BRUCE FLANZ 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 ICEMA D GIBBS BOARD MEMBER 1.00 2.00 X 0 0 0 HOWARD GRAF BOARD MEMBER 1.00 2.00 X 0 0 0 YESENIA GRAHAM BOARD MEMBER 1.00 2.00 X 0 0 0 GEORGE GRASSO BOARD MEMBER 1.00 2.00 X 0 0 0 DANIEL GREENE BOARD MEMBER 1.00 2.00 X 0 0 0 IAN HAMILTON BOARD MEMBER 1.00 2.00 X 0 0 0 PHILIPPA L KARTERON BOARD MEMBER 1.00 2.00 X 0 0 0 DR MARCIA V KEIZS BOARD MEMBER 1.00 2.00 X 0 0 0 CALVIN LAWRENCE JR BOARD MEMBER 1.00 2.00 X 0 0 0 PETER MEYER 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 GREG POLIS BOARD MEMBER 1.00 2.00 X 0 0 0 REV DR CALVIN RICE BOARD MEMBER 1.00 2.00 X 0 0 0 FATHER WILLIAM SMITH BOARD MEMBER 1.00 2.00 X 0 0 0 DREW SPITLER BOARD MEMBER 1.00 2.00 X 0 0 0 MICHELLE STODDART BOARD MEMBER 1.00 2.00 X 0 0 0 DARRYL TOWNS BOARD MEMBER 1.00 2.00 X 0 0 0 JUDY TUCKER BOARD MEMBER 1.00 2.00 X 0 0 0 RICHARD T ANDERSON BOARD MEMBER 1.00 2.00 X 0 0 0 LAMONT R BAILEY BOARD MEMBER 1.00 2.00 X 0 0 0 HUSSEIN BERRY BOARD MEMBER 1.00 2.00 X 0 0 0 MICHAEL NUSSBAUM BOARD MEMBER 1.00 2.00 X 0 0 0 HOPE KNIGHT PRESIDENT & CEO 32.00 3.00 X 285752 0 22429 MYRNA FRASER ASSISTANT SECRETARY 32.00 3.00 X 65013 0 8254 TODD S BENENSON ASSISTANT TREASURER & CFO 31.00 4.00 X 158328 0 23604 MITCHELL STERNBACH DIRECTOR - RESOURCE DEVELOPMENT 35.00 0.00 X 114650 0 24098 MARY SMITH DIRECTOR - REAL PROPERTY OPERATIONS 35.00 0.00 X 121084 0 26098 JUSTIN RODGERS MANAGING DIRECTOR, REAL ESTATE & ECONOMIC DEV. 35.00 0.00 X 138474 0 20962 MARK NIEVES DIRECTOR - PLANNING DESIGN & CAPITAL PROJECTS 35.00 0.00 X 101759 0 19485 ARON KURLANDER DIRECTOR - BUSINESS SERVICES 31.00 4.00 X 106526 0 3680 ANDREW M MANSHEL EXEC. VICE PRESIDENT (FORMER) 0.00 0.00 X 270457 0 0 1362043 0 148610 8 1 1 0 F & S CONTRACTING LLC 1821 126TH STREET COLLEGE POINT NY 11356 CONTRACTOR 360287 PUBLIC HEALTH SOLUTIONS 40 WORTH STREET 5TH FLOOR NEW YORK NY 10013 CONSULTANT 195966 REGIONAL PLAN ASSOCIATION ONE WHITEHALL ST 16TH FLOOR NEW YORK NY 10004 CONSULTANT 110753 3 236282 247461 483743 PARKING OPERATIONS 812930 6217789 6217789 RENTAL INCOME 532000 1455965 1455965 GOV'T CONTRACTS 900099 730198 730198 MANAGEMENT FEES 900099 108113 108113 8512065 42433 42433 61553 236282 71436 -9883 -9883 MISCELLANEOUS REVENUE 900099 76386 76386 76386 9104744 8512065 0 108936 87450 87450 554296 93542 394659 66095 2431196 1482773 835137 113286 196607 84606 100740 11261 395164 282410 88145 24609 227121 134410 80368 12343 28224 15959 12265 65936 1810 64126 36000 36000 631274 553733 77541 108455 105200 3255 203190 46029 156736 425 1942751 1802810 139941 4996 3629 1184 183 44914 16763 28063 88 737922 731343 6579 797158 777272 19886 290005 279432 10573 COST OF PARKING OPS 1367901 1367901 CAPITAL IMPROVEMENTS 100287 100287 INFRASTRUCTURE CONSLT. 56148 56148 BAD DEBT EXP/RECOVERY 42908 54979 -2071 -10000 93181 69724 3105 20352 10443084 8148210 2056232 238642 19089 22965 10841269 7239314 385057 194306 622930 651384 7500 282887 408985 26920184 11543165 16037102 15377019 3086281 2059124 31282115 25953097 3784977 1103673 11175000 10189406 2424833 2243748 170598 49500 1833259 1635736 19388667 15222063 X 11652418 10465466 241030 265568 11893448 10731034 31282115 25953097 X -1338340 175926 X X 0 1 X 1 1 1 X 392202 387019 508700 510933 483743 2282597 392202 387019 508700 510933 483743 2282597 2282597 236564 229043 230217 30688 42433 768945 85912 78730 53402 598487 76386 892917 3944459 41905503 0.57870 0.54630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 36000 36000 36000 36000 10407085 10502479 10443085 10538479 672154 676924 168039 169231 0 0 0 0 659226 689400 821060 676924 2846610 4269915 40000 40000 55982 36000 171982 164806 172350 205265 169231 711652 1067478 PART II-A: JAMAICA CAPITAL CORPORATION, EIN# 13-4214984, 90-04 161ST STREET, JAMAICA, NY 11432 GREATER JAMAICA LOCAL DEVELOPMENT COMPANY, INC., EIN# 11-2563026, 90-04 161ST STREET, JAMAICA, NY 11432 3102685 3102685 7739491 3214981 4524510 14894985 7443616 7451369 1183023 884568 298455 15377019 SECURITY DESPOSITS 27866 FINANCING COSTS, NET 28470 LEASING COSTS, NET 1310 DUE FROM RELATED ORGANIZATIONS 1987328 INVESTMENTS IN SUBSIDIARIES 14150 2059124 SECURITY DEPOSITS PAYABLE 212334 DUE TO RELATED ORGANIZATIONS 1423402 1635736 X 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. ANNUAL GALA 297835 236282 61553 70316 1120 297835 236282 61553 70316 1120 71436 -9883 1 JAMAICA CENTER FOR ARTS AND LEARNING 161-04 JAMAICA AVE JAMAICA NY 11432 112478709 501 (C) (3) 27050 N/A N/A SEE PART IV YORK COLLEGE FOUNDATION INC 94-20 GUY R BREWER BLVD JAMAICA NY 11451 112982851 501 (C) (3) 15000 N/A N/A SEE PART IV YMCA OF GREATER NEW YORK 5 WEST 63RD STREET 6TH FLOOR NEW YORK NY 10023 131624228 501 (C) (3) 7500 N/A N/A SEE PART IV REGIONAL PLAN ASSOCIATION 4 IRVING PLACE 7TH FL NEW YORK NY 10003 131624154 501 (C) (3) 25000 N/A N/A SEE PART IV EXPLORING THE METROPOLIS INC 10 GRACIE SQ NEW YORK NY 10028 133164931 501 (C) (3) 5000 N/A N/A SEE PART IV 5 PART II, COLUMN (H) LINES (1)-(5) REVITALIZATION OF DOWNTOWN JAMAICA X X X X 1 0 0 0 0 0 0 0 0 HOPE KNIGHT PRESIDENT & CEO 284442 0 0 0 1310 0 0 0 22429 0 308181 0 0 0 TODD S BENENSON ASSISTANT TREASURER & CFO 158328 0 0 0 0 0 14496 0 9108 0 181932 0 0 0 JUSTIN RODGERS MANAGING DIRECTOR, REAL ESTATE & ECO 138474 0 0 0 0 0 12600 0 8362 0 159436 0 0 0 ANDREW M MANSHEL EXEC. VICE PRESIDENT (FORMER) 0 0 0 0 270457 0 0 0 0 0 270457 0 0 0 PART I, LINE 4A ANDREW M. MANSHEL RECEIVED SEVERANCE COMPENSATION OF $270,457 IN 2016. A NEW YORK CITY IDA 132906040 64971CX33 2004-03-23 9525000 PROPERTY ACQUISITION, CONSTRUCTION AND IMPROVEMENTS 0 1 0 A 9525000 571477 8953523 2005 0 0 1 1 A 1 0 0 0 0.00000 0.00000 0.00000 1 0 0 A 0 0 0 1 1 0 0 0 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: NEW YORK CITY IDA DATE THE REBATE COMPUTATION WAS PERFORMED: 03/23/2017 F CARLISLE TOWERY FORMER PRESIDENT AND CEO 85000 CONSULTING SERVICES 0 FORM 990, PART 1 LINE 1 AND PART III LINE 1: GREATER 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 A HIGH QUALITY COLLECTION OF HOTELS. A RENEWED JAMAICA CENTER WILL BE AN ATTRACTIVE PLACE FOR PRIVATE INVESTMENT, AND WILL SUPPORT CULTURAL ACTIVITIES AND AMENITIES THAT ENHANCE THE QUALITY-OF-LIFE FOR ITS CITIZENS. FORM 990, PART VI, SECTION A, LINE 6 THIS IS AN ORGANIZATION WITH MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBERS WHO MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. 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. 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 B, LINE 15 THE ORGANIZATION USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIAL, OTHER OFFICERS OR KEY EMPLOYEES: 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. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SWAP CONTRACT 100,760. TRANSFER OF EXCESS REVENUE FROM 501(C) (2) ORG. TO 501(C) (3) PARENT 335,166. ARBITRATION SETTLEMENT -260,000. FORM 990, PART XII, LINE 2C THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT BEEN CHANGED FROM PRIOR YEAR. 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: HOPE KNIGHT-GJDC (100%) TODD S. BENENSON-GJDC (95%) AND GJLDC (5%) MYRNA FRASER-GJDC (100%) FORM 990, PART VII, SECTION A AND SCHEDULE J PART II ALL SALARIES FOR OFFICERS, DIRECTORS, AND KEY EMPLOYEES AS REPORTED IN COLUMN D OF PART VII AND COLUMN B(I) OF SCHEDULE J PART II ARE PAID BY GREATER JAMAICA DEVELOPMENT CORPORATION. SALARIES REPORTED IN COLUMN D OF PART VII FOR INFORMATIONAL PURPOSES ONLY AS REQUIRED BY THE INTERNAL REVENUE SERVICE. 93-43 SUTPHIN LLC 90-04 161ST STREET JAMAICA NY 11432 201516938 INACTIVE NY 0 0 GREATER JAMAICA DEVELOPMENT CORPORATION JAMAICA FIRST PARKING LLC 90-04 161ST STREET JAMAICA NY 11432 113574176 PUBLIC PKG FACILITIES DE 6472552 19029662 GREATER JAMAICA DEVELOPMENT CORPORATION SUTPHIN UNDERPASS LLC 90-04 161ST STREET JAMAICA NY 11432 INACTIVE NY 0 0 GREATER JAMAICA DEVELOPMENT CORPORATION JAMAICA CAPITAL CORPORATION 90-04 161ST STREET JAMAICA NY 11432 134214984 REAL ESTATE DE 501(C)(3) LINE 11A TYPE 1 N/A 0 GREATER JAMAICA LOCAL DEVELOPMENT COMPANY INC 90-04 161ST STREET JAMAICA NY 11432 112563026 SMALL BUS. LENDING 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 SUTPHIN RETAIL ONE LLC 90-04 161ST STREET JAMAICA NY 11432 201516814 REAL ESTATE NY JAMAICA CAPITAL CORPORATION N/A 0 0 SUTPHIN RETAIL TWO LLC 90-04 161ST STREET JAMAICA NY 11432 201416895 REAL ESTATE NY N/A N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 GREATER JAMAICA LOCAL DEVELOPMENT COMPANY INC O 70570 ALLOCATED EXPENSES GREATER JAMAICA LOCAL DEVELOPMENT COMPANY INC 90-04 161ST STREET SUITE 704 JAMAICA NY 11432 112563026 X 0 0 0 94401 94401 18880 4720 0 0 0 JAMAICA CAPITAL CORPORATION 90-04 161ST STREET SUITE 704 JAMAICA NY 11432 134214984 X 0 0 0 993 993 199 50 0 0 0