2017-04-24T14:56:41-05:00 2016-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2015-07-01 272846763 BROOKLYN BRIDGE PARK CORPORATION BROO 7182229939 334 FURMAN STREET BROOKLYN NY 11201 DAVID LOWIN INTERIM PRESIDENT 7182229939 2017-04-24 1 ROBERT LYONS P00227472 2125038800 2017-04-24 2015 2021-01-29 14:40:06Z BROOKLYN BRIDGE PARK DAVID LOWIN 334 FURMAN STREET BROOKLYN NY 11201 24255902 0 X WWW.BROOKLYNBRIDGEPARK.ORG X 2010 NY THE BROOKLYN BRIDGE PARK CORPORATION, D/B/A BROOKLYN BRIDGE PARK ("BBP"), IS THE ENTITY RESPONSIBLE FOR THE PLANNING, CONSTRUCTION, MAINTENANCE AND OPERATION OF BROOKLYN BRIDGE PARK, AN 85-ACRE SUSTAINABLE WATERFRONT PARK STRETCHING 1.3 MILES ALONG BROOKLYN'S EAST RIVER SHORELINE. BBP'S MISSION IS TO CREATE AND MAINTAIN A WORLD CLASS PARK THAT IS A RECREATIONAL, ENVIRONMENTAL AND CULTURAL DESTINATION ENJOYED BY THE RESIDENTS OF, AND VISITORS TO, NEW YORK CITY. BBP OPERATES UNDER A MANDATE, EMBODIED BY ITS GENERAL PROJECT PLAN, TO BE FINANCIALLY SELF-SUSTAINING, WHICH INCLUDES THE ACTIVATION OF CERTAIN DEVELOPMENT SITES WITHIN THE PROJECT'S FOOTPRINT. 17 17 71 36 0 0 30409272 13971373 33828737 10023374 34794 261155 6297 0 64279100 24255902 0 0 0 0 3446458 4419107 0 0 0 9557758 11410349 13004216 15829456 51274884 8426446 268749861 274190090 29889223 27137098 238860638 247052992 X THE BROOKLYN BRIDGE PARK CORPORATION, D/B/A BROOKLYN BRIDGE PARK ("BBP"), IS THE ENTITY RESPONSIBLE FOR THE PLANNING, CONSTRUCTION, MAINTENANCE AND OPERATION OF BROOKLYN BRIDGE PARK, AN 85-ACRE SUSTAINABLE WATERFRONT PARK STRETCHING 1.3 MILES ALONG BROOKLYN'S EAST RIVER SHORELINE. BBP'S MISSION IS TO CREATE AND MAINTAIN A WORLD CLASS PARK THAT IS A RECREATIONAL, ENVIRONMENTAL AND CULTURAL DESTINATION ENJOYED BY THE RESIDENTS OF, AND VISITORS TO, NEW YORK CITY. BBP OPERATES UNDER A MANDATE, EMBODIED BY ITS GENERAL PROJECT PLAN, TO BE FINANCIALLY SELF-SUSTAINING, WHICH INCLUDES THE ACTIVATION OF CERTAIN DEVELOPMENT SITES WITHIN THE PROJECT'S FOOTPRINT. 0 0 13040717 10023374 PARK OPERATIONS AND DEVELOPMENT:IN JULY 2015, BBP OPENED 99 PLYMOUTH, A FORMER NEW YORK CITY DEPARTMENT OF ENVIRONMENTAL PROTECTION MAINTENANCE BUILDING THAT HAS BEEN CONVERTED FOR PARK USE. IN ADDITION TO PUBLIC RESTROOMS, A MAJOR FEATURE OF 99 PLYMOUTH IS THE COMMUNITY ROOM, WHICH HOSTS PUBLIC PROGRAMS AND WORKS BY LOCAL ARTISTS IN A VARIETY OF MEDIUMS.IN SEPTEMBER 2015, BBP AND BROOKLYN BRIDGE PARK CONSERVANCY ANNOUNCED THE OPENING OF A NEW ENVIRONMENTAL EDUCATION CENTER IN THE NEWLY RENOVATED BUILDING AT 99 PLYMOUTH STREET. IN SEPTEMBER 2015, CONSTRUCTION BEGAN ON THE PIER 5 UPLANDS. THE PIER 5 UPLANDS WILL ADD 145,000 SQUARE FEET OF NEW PARKLAND, INCLUDING SLOPING AND TERRACED LAWNS, A GROVE WITH A FLEXIBLE SEATING AREA, AND A SOUND ATTENUATING BERM TO REDUCE TRAFFIC NOISE. SET INTO THE HILLSIDE WILL BE A NEW BOATHOUSE THAT INCLUDES PUBLIC RESTROOMS.IN OCTOBER 2015, BROOKLYN BRIDGE PARK OPENED 3.5 ACRES OF PARKLAND AT PIER 6 TO BRING THE PARK TO 75% COMPLETION. PIER 6'S WINDING PATHS, LUSH PLANTINGS AND UNDULATING LAWNS PROVIDE A PASTORAL CONTRAST TO THE PARK'S ACTIVE RECREATION AREAS. LAWNS OFFER THE OPPORTUNITY FOR RELAXATION AND PROVIDE AREAS FOR PROGRAMMING THAT ARE EASILY ACCESSIBLE FOR COMMUNITIES TO THE SOUTH.IN OCTOBER 2015, ST. ANN'S WAREHOUSE ("SAW") OPENED IN THE EMPIRE FULTON FERRY SECTION OF THE PARK. LOCATED IN THE HISTORIC TOBACCO WAREHOUSE, SAW INCLUDES PERFORMANCE SPACE, ADMINISTRATIVE OFFICES, A MULTI-USE COMMUNITY ROOM AND AN OUTDOOR GARDEN MAINTAINED BY BROOKLYN BRIDGE PARK. IN APRIL 2016, DUMBO BOULDERS POWERED BY THE CLIFFS OPENED IN THE MAIN STREET SECTION OF THE PARK. THIS COLLABORATION ADDS ANOTHER DYNAMIC ELEMENT TO AN ALREADY VIBRANT NEIGHBORHOOD AND PROVIDES UNIQUE ACCESS TO A SPORT NOT TYPICALLY AVAILABLE IN URBAN COMMUNITIES.IN JUNE 2016, ONE 15 BROOKLYN MARINA OPENED TO THE PUBLIC. LOCATED AT PIER 5, THE MARINA ACCOMMODATES 102 SLIPS ON FOUR MAIN FLOATING DOCKS, AND FEATURES A ROBUST COMMUNITY BOATING PROGRAM THAT INCLUDES FREE AND LOW-COST YOUTH BOATING PROGRAMS.IN JUNE 2016, BBP ANNOUNCED THE SELECTION OF RAL DEVELOPMENT AND OLIVER'S REALTY GROUP TO DEVELOP TWO RESIDENTIAL BUILDING AT THE PIER 6 DEVELOPMENT SITE. THE PIER 6 DEVELOPMENT WILL PROVIDE AFFORDABLE HOUSING, CREATE UNION JOBS, AND ENSURE THE LONG-TERM FINANCIAL STABILITY OF BBP. 13040717 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 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 0 0 0 0 1 31 0 71 1 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X JELANI WATKINS - CHIEF FINANCIAL OF 7187246443 334 FURMAN STREET BROOKLYN NY 11201 ALICIA GLEN CHAIR 1.00 X X 0 0 0 MARGARET ANADU DIRECTOR 1.00 X 0 0 0 PETER ASCHKENASY DIRECTOR 1.00 X 0 0 0 STEVEN M COHEN DIRECTOR (FORMER) 1.00 X 0 0 0 MARTIN CONNOR DIRECTOR 1.00 X 0 0 0 HENRY B GUTMAN DIRECTOR 1.00 X 0 0 0 EDNA WELLS HANDY DIRECTOR 1.00 X 0 0 0 SHARI HYMAN DIRECTOR 1.00 X 0 0 0 PTHARA JEPPE DIRECTOR (FORMER) 1.00 X 0 0 0 MICHAEL STINSON DIRECTOR 1.00 X 0 0 0 STEPHEN LEVIN DIRECTOR 1.00 X 0 0 0 STEPHEN MERKEL DIRECTOR 1.00 X 0 0 0 DAVID G OFFENSEND DIRECTOR (FORMER) 1.00 X 0 0 0 ZEESHAN OTT DIRECTOR 1.00 X 0 0 0 MATT WING DIRECTOR 1.00 X 0 0 0 MITCHELL SILVER DIRECTOR 1.00 X 0 0 0 MARIA TORRES-SPRINGER DIRECTOR 1.00 X 0 0 0 WILLIAM VINICOMBE DIRECTOR 1.00 X 0 0 0 TUCKER REED DIRECTOR 1.00 X 0 0 0 JOANNE WITTY VICE CHAIR 1.00 X X 0 0 0 REGINA MYER PRESIDENT (FORMER) 35.00 X 197442 0 55915 RAAFAT OSMAN TREASURER/CFO (THROUGH 1/22/16) 35.00 X 118254 0 29303 JELANI WATKINS TREASURER/CFO (AS OF 2/1/16) 35.00 X 91039 0 21614 SUMA MANDEL SECRETARY/GENERAL COUNSEL 35.00 X 131082 0 45160 DAVID LOWIN VP REAL ESTATE DEVELOPMENT 35.00 X 141121 0 54230 JEFFREY SANDGRUND VICE PRESIDENT - OPERATIONS 35.00 X 141963 0 31050 PATRICIA KIRSHNER VP OF CAPITAL PROJECTS 35.00 X 137965 0 16000 BELINDA CAPE VICE PRESIDENT 35.00 X 115448 0 22074 1074314 0 275346 7 0 1 0 KELCO LANDSCAPING AND CONSTRUCTION 40 AUSTIN BOULEVARD COMMACK NY 11725 CONSTRUCTION 10198511 D'ONOFRIO GENERAL CONTRACTORS CORP 202 28TH STREET BROOKLYN NY 11232 CONSTRUCTION 8719026 TURNER CONSTRUCTION COMPANY 375 HUDSON STREET NEW YORK NY 10014 CONSTRUCTION 4552918 STALCO CONSTRUCTION INC 1316 MOTOR PARKWAY ISLANDIA NY 11749 CONSTRUCTION 2829189 MICHAEL VAN VALKENBURGH ASSOCIATES INC 16 COURT STREET 11TH FLOOR BROOKLYN NY 11241 ARCHITECT 2053879 20 13971373 13971373 PMTS. IN LIEU OF TAXES 531390 5882632 5882632 GROUND LEASE RENT 531390 2355857 2355857 PERMITS AND OTHER FEES 531390 1622616 1622616 PARKING FEES 531390 162269 162269 10023374 261155 261155 24255902 10023374 0 261155 1099560 560160 539400 2437191 1344453 1092738 84032 41670 42362 469680 261711 207969 328644 174564 154080 1059980 660737 399243 243337 193697 49640 18043 2390 15653 6683627 6557289 126338 153265 150368 2897 REPAIRS AND MAINTENANCE 1424629 1424629 SECURITY 880809 880809 OPERATING MGMT FEE 371693 288462 83231 UTILITIES 296223 290671 5552 278743 209107 69636 15829456 13040717 2788739 0 58938622 16453373 25203751 29337877 714386 555542 42510 38016 218746319 20649827 183850592 198096492 29708790 268749861 274190090 7803078 5205245 19999124 19288440 2087021 2643413 29889223 27137098 X 0 0 183850592 198096492 55010046 48956500 238860638 247052992 268749861 274190090 8426446 -234092 0 X X 0 1 X 1 1 1 X 40503633 44188548 39441550 30409272 13971373 168514376 40503633 44188548 39441550 30409272 13971373 168514376 10300274 158214102 31104 41082 30244 34794 261155 398379 52003 230781 15953 6297 305034 169217789 96923772 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ADMINISTRATIVE AND OTHER FEES - 2011 AMOUNT: $ 33,843. 2012 AMOUNT: $ 70,874. 2013 AMOUNT: $ 15,767. MISCELLANEOUS INCOME - 2011 AMOUNT: $ 18,160. 2012 AMOUNT: $ 1,436. 2013 AMOUNT: $ 186. 2014 AMOUNT: $ 6,297. INSURANCE PROCEEDS - 2012 AMOUNT: $ 158,471. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29045094 1277750 27767344 1169264 686001 483263 188531961 18686076 169845885 198096492 OTHER POSTEMPLOYMENT BENEFITS OBLIGATION 85116 SECURITY DEPOSITS 2558297 2643413 24021810 -234092 -234092 24255902 0 24255902 15829456 0 15829456 0 15829456 X 0 0 0 0 0 0 0 0 0 REGINA MYER PRESIDENT (FORMER) 197442 0 0 0 0 0 27703 0 28212 0 253357 0 0 0 SUMA MANDEL SECRETARY/GENERAL COUNSEL 131082 0 0 0 0 0 16704 0 28456 0 176242 0 0 0 DAVID LOWIN VP REAL ESTATE DEVELOPMENT 141121 0 0 0 0 0 21462 0 32768 0 195351 0 0 0 JEFFREY SANDGRUND VICE PRESIDENT - OPERATIONS 141963 0 0 0 0 0 20395 0 10655 0 173013 0 0 0 PATRICIA KIRSHNER VP OF CAPITAL PROJECTS 137965 0 0 0 0 0 5615 0 10385 0 153965 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 BBP HAS ONE MEMBER WHICH IS THE INDIVIDUAL HOLDING THE OFFICE OF THE MAYOR OF THE CITY OF NEW YORK (THE "MAYOR"). THE BBP BOARD OF DIRECTORS CONSISTS OF 17 DIRECTORS 3 OF WHICH ARE EX-OFFICIO. FORM 990, PART VI, SECTION A, LINE 7A THE MAYOR APPOINTS THE REMAINING 14 DIRECTORS, INCLUDING: (I) FOUR DIRECTORS, AT LEAST TWO OF WHOM SHALL BE COMMUNITY REPRESENTATIVES, UPON THE NOMINATION OF THE GOVERNOR OF THE STATE OF NEW YORK; (II) ONE DIRECTOR UPON THE NOMINATION OF THE STATE ASSEMBLY MEMBER, 52ND DISTRICT, OR ANY SUCCESSOR DISTRICT THAT INCLUDES THE BROOKLYN BRIDGE PARK; (III) ONE DIRECTOR UPON THE NOMINATION OF THE STATE SENATOR, 25TH DISTRICT, OR ANY SUCCESSOR DISTRICT THAT INCLUDES THE BROOKLYN BRIDGE PARK; (IV) ONE DIRECTOR UPON THE NOMINATION OF A MEMBER OF THE NEW YORK CITY COUNCIL TO BE DESIGNATED BY THE SPEAKER OF THE NEW YORK CITY COUNCIL; AND (V) ONE DIRECTOR UPON THE NOMINATION OF THE PRESIDENT OF THE BROOKLYN BOROUGH. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF THE FORM 990 WILL BE REVIEWED BY THE BBP AUDIT AND FINANCE COMMITTEE PRIOR TO FILING THE FORM. ONCE REVIEWED BY THE COMMITTEE, THE FORM 990 WILL BE DISTRIBUTED TO THE FULL BOARD FOR ITS REVIEW AND COMMENT, ALSO PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BBP MONITORS AND ENFORCES ITS CONFLICT OF INTEREST POLICY BY REQUIRING EACH DIRECTOR TO COMPLETE A CONFLICT DISCLOSURE STATEMENT PROMPTLY AFTER APPOINTMENT AND ANNUALLY THEREAFTER. THE POLICY PROVIDES THAT IF A DIRECTOR VIOLATES ANY OF THE PROVISIONS OF THE POLICY, SUCH DIRECTOR SHALL BE SUBJECT TO AN APPROPRIATE REMEDY UNDER THE CIRCUMSTANCES, AND IN ADDITION TO ANY PENALTY CONTAINED IN ANY PROVISION OF LAW, THE DIRECTOR MAY BE SUBJECT AT THE BOARD'S DISCRETION, TO REMOVAL FOR CAUSE. OFFICERS OF BBP ARE ALSO SUBJECT TO THE RESTRICTIONS SET FORTH IN CHAPTER 68 OF THE CITY CHARTER, WHICH IS THE CITY CONFLICT OF INTEREST POLICY. ADDITIONALLY, BBP COMPLIES WITH NEW YORK CITY CONFLICTS OF INTEREST BOARD ("COIB") REQUIREMENTS FOR THE PUBLIC AUTHORITIES ACCOUNTABILITY ACT. BBP EMPLOYEES WHO MEET THE CRITERIA MUST FILE ANNUAL COIB FORMS; MEMBERS OF BBP'S BOARD OF DIRECTORS ARE ALSO REQUIRED TO COMPLY WITH COIB AND TO FILE ANNUAL COIB FORMS OR EQUIVALENT NEW YORK STATE FORMS. FORM 990, PART VI, SECTION B, LINE 15 THE SENIOR MANAGEMENT OF BBP INCLUDES THE PRESIDENT, GENERAL COUNSEL AND CHIEF FINANCIAL OFFICER. THE COMPENSATION OF THE PRESIDENT SHALL BE DETERMINED CONSIDERING FACTORS SUCH AS SKILL, EXPERIENCE, PAST PERFORMANCE, AND WORK HISTORY. THE COMPENSATION OF OTHER SENIOR MANAGEMENT STAFF SHALL BE DETERMINED BY THE PRESIDENT, CONSIDERING FACTORS SUCH AS EMPLOYEE SKILL, EXPERIENCE, PAST PERFORMANCE, WORK HISTORY AND POSITION. FORM 990, PART VI, SECTION C, LINE 19 BBP'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE POSTED ON ITS WEBSITE AND ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR HAS NOT BEEN CHANGED FROM THE PRIOR YEAR.