BROOKLYN NAVY YARD DEVELOPMENT CORP (EIN 112137138) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1966

Legal Domicile

Principal Officer

LINDSAY GREENE

Phone

7189075931

Tax Period

2024-07-01 to 2025-06-30

BROOKLYN NAVY YARD DEVELOPMENT CORP, founded in 1966, is a major nonprofit in the Community Improvement sector that reported $157.2M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $60.4M, a strong 38% operating margin.

Mission

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $82,218,580

Program Service Revenue $67,463,039

Investment Income $2,824,361

Other Revenue $4,647,294

TOTAL REVENUE $157,153,274

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,494,422

Fundraising Expenses $0

Program Expenses $74,737,269

Other Expenses $67,251,394

TOTAL EXPENSES $96,745,816

Year-over-Year Comparison

	2024	2023	Change
Revenue	$157,153,274	$129,560,297	+0.2%
Expenses	$96,745,816	$100,677,211	0.0%
Net Income	$60,407,458	$28,883,086	+1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

402

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$2,687,197

Total Directors

Key Employees

$1,610,804

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM FREIDMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEXANDER NOJOVITS	BOARD MEMBER	1.00	Director	$0	$0	$0
AMANI MARTIN	BOARD MEMBER (OUTGOING)	1.00	Director	$0	$0	$0
BILL D TURNER	BOARD MEMBER (OUTGOING)	1.00	Director	$0	$0	$0
BLAKE FOOTE	BOARD MEMBER	1.00	Director	$0	$0	$0
CAMILLE HASTICK	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLO A SCISSURA	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD MAFOUND	BOARD MEMBER	1.00	Director	$0	$0	$0
GABRIELLE FIALKOFF	BOARD MEMBER	1.00	Director	$0	$0	$0
HANK GUTMAN	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
HENRY T BERGER	BOARD MEMBER (OUTGOING)	1.00	Director	$0	$0	$0
JILLIAN JOSEPH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOCELYNNE RAINEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOEL LEITNER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH KOHL-RIGGS	BOARD MEMBER	1.00	Director	$0	$0	$0
KEI HAYASHI	BOARD MEMBER	1.00	Director	$0	$0	$0
LEAH ARCHIBALD	BOARD MEMBER	1.00	Director	$0	$0	$0
LESTER W YOUNG JR	BOARD MEMBER (OUTGOING)	1.00	Director	$0	$0	$0
LISA DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARCO CARRION	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK CHAMBERS	BOARD MEMBER	1.00	Director	$0	$0	$0
MEREIDITH KANE	BOARD MEMBER	1.00	Director	$0	$0	$0
OFER COHEN	BOARD MEMBER	1.00	Director	$0	$0	$0
RAMON PEGUERO	BOARD MEMBER	1.00	Director	$0	$0	$0
RONALD MCCAIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ROTIMIT AKINNUOYE	BOARD MEMBER	1.00	Director	$0	$0	$0
SAM STERN	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN M SINACORI ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
TONI YUILLE-WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
WENDY ROWDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM CRUZ	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN DREW LINETT	SR. VP, CONTROLLER	35.00	Officer	$201,153	$90,475	$291,628
GBENGA DAWODU	CREO (TERM 04/11/25)	35.00	Officer	$265,497	$77,650	$343,147
LINDSAY GREENE	PRESIDENT AND CEO	35.00	Officer	$287,172	$112,682	$399,854
NASER GJELOSHI	EVP AND COO	35.00	Officer	$277,192	$45,110	$322,302
PAUL KELLY	GEN. COUNSEL AND EVP	35.00	Officer	$268,956	$51,635	$320,591
SHANNY SPRAUS-REINHARDT	CHIEF IMPACT OFFICER & EVP	35.00	Officer	$264,212	$90,268	$354,480
SUSIE KIM	DEPUTY GENERAL COUNSEL	35.00	Officer	$195,111	$90,286	$285,397
WIMAL ARIYAWANSA	CFO AND EVP	35.00	Officer	$267,364	$102,434	$369,798
ARI SCHNEIDERMAN	SR. VP, TECHNOLOGY	35.00	Key Emp	$212,825	$38,074	$250,899
CARMINE A STABILE	SVP, OPS & INFRA	35.00	Key Emp	$203,761	$84,566	$288,327
JOSEPH AARON COLISTA	SR.VP, LEASING	35.00	Key Emp	$185,383	$82,200	$267,583
KERRY A KEEGAN	SR. VP, DESIGN & CONSTRUCTION	35.00	Key Emp	$207,776	$51,481	$259,257
SHANI LEIBOWITZ	SR. VP, PLANNING & TRANS.	35.00	Key Emp	$204,299	$66,864	$271,163
SIMONE ROBINSON-BARNETT	SR. VP, PROPERTY MANAGEMENT	35.00	Key Emp	$200,067	$73,508	$273,575
HAMZA TAIPOVIC	CHIEF ENGINEER	35.00	Highest	$185,335	$79,115	$264,450
JOHN COBURN	VP, LEAD ARCHITECT	35.00	Highest	$172,021	$79,462	$251,483
JOYCE DIVERCE	SVP OF IMPACT & PARTNERSHIPS	35.00	Highest	$185,882	$61,966	$247,848
MATTHEW HARRISON	SR. VP, DEVELOPMENT	35.00	Highest	$196,726	$85,895	$282,621
MINDEN KOOPMANS	CHIEF OF STAFF	35.00	Highest	$169,595	$60,147	$229,742

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$157,153,274	$96,745,816	$1,084,013,549	$60,407,458
2024	$129,560,297	$100,677,211	$1,070,805,485	$28,883,086
2023	$119,270,831	$91,268,281	$1,045,949,064	$28,002,550
2022	$82,249,010	$104,694,430	$1,009,962,823	$-22,445,420
2021	$68,378,369	$79,383,855	$543,633,704	$-11,005,486
2020	$71,410,497	$68,759,163	$553,839,308	$2,651,334
2019	$96,557,932	$63,691,550	$561,974,070	$32,866,382
2018	$65,420,626	$73,537,746	$601,341,477	$-8,117,120
2018	$55,603,958	$60,147,586	$516,629,941	$-4,543,628

BROOKLYN NAVY YARD DEVELOPMENT CORP