GREATER JAMAICA LOCAL DEVELOPMENT COMPANY INC

EIN: 112563026 501(c)(3) Community Improvement

JAMAICA, NY

Total Revenue
$593,689
Total Expenses
$437,419
Total Assets
$5,044,804
Net Assets
$4,416,154
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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
NY
Principal Officer
JUSTIN RODGERS
Phone
7182910282
Tax Period
2023-01-01 to 2023-12-31

GREATER JAMAICA LOCAL DEVELOPMENT COMPANY INC, founded in 1979, is a small nonprofit in the Community Improvement sector that reported $594K in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $156K, a strong 26% operating margin.

Mission

GJLDC'S TARGET MARKET AREA IS THE COUNTY OF QUEENS, NEW YORK, AND MORE SPECIFICALLY, GJLDC'S LOAN FUND IS AVAILABLE FOR ANY BUSINESS (EXISTING, NEW, OR START-UP) IN OR PLANNING TO LOCATE WITHIN THE 114XX AND 116XX ZIP CODES WITHIN QUEENS COUNTY, OR QUEENS COUNTY WIDE FOR WOMEN AND BLACK OWNED BUSINESSES. AS AN ALTERNATIVE LENDER, OUR FUND IS TAILORED TO APPLICANTS WHO HAVE BEEN UNABLE TO OBTAIN FINANCING FROM TRADITIONAL SOURCES AT THE LEVEL REQUIRED BY THE VENTURE. THE TARGET APPLICANT IS INDEPENDENTLY OWNED AND OPERATED, AND GENERALLY HAS QUALIFIED AS A SMALL BUSINESS PURSUANT TO THE SBA SIZE STANDARDS BASED UPON DOLLAR VOLUME AND THE NUMBER OF ITS EMPLOYEES. APPLICANTS MUST HAVE SALES OF LESS THAN $10 MILLION. FINANCING IS AVAILABLE FROM $1,000 TO $300,000. SPECIAL CONSIDERATION FOR THE LOAN FUND PRODUCT IS GIVEN TO MEETING THE NEEDS OF WOMEN AND MINORITY-OWNED BUSINESSES. OUR FEDERAL CERTIFICATION INCLUDES A SPECIFIC FOCUS ON BLACK-OWNED 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $482,500
Program Service Revenue $104,372
Investment Income $2,867
Other Revenue $3,950
TOTAL REVENUE $593,689

Expense Breakdown

Grants Paid $127,500
Salaries & Benefits $242,206
Fundraising Expenses $0
Program Expenses $428,100
Other Expenses $67,713
TOTAL EXPENSES $437,419

Year-over-Year Comparison

2023 2022 Change
Revenue $593,689 $1,407,045 -0.6%
Expenses $437,419 $381,348 +0.1%
Net Income $156,270 $1,025,697 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
30
Independent Members
30
Employees
N/A
Volunteers
30

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
11
$934,201
Total Directors
34
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUSTIN RODGERS PRESIDENT & CEO 1.00
Officer
$0 $51,290 $342,485
TODD BENENSON ASSISTANT TREASURER/CFO 1.00
Officer
$0 $38,167 $225,318
PATRICIA ROBINSON CHIEF ADMINISTRATIVE OFFICER 1.00
Officer
$0 $35,392 $218,091
MASHEIKA LEWIS ASSISTANT SECRETARY 0.00
Officer
$0 $31,143 $148,307
ARON KURLANDER DIR. OF BUSINESS SERVICE 5.00
Highest
$0 $14,695 $172,806
LAMONT R BAILEY CHAIR 1.00
Officer Director
$0 $0 $0
ELLIOT G SANDER VICE CHAIR 1.00
Officer Director
$0 $0 $0
MICHELLE STODDART VICE CHAIR 1.00
Officer Director
$0 $0 $0
MELVA MILLER VICE CHAIR (THRU 10/23) 1.00
Officer Director
$0 $0 $0
JEFFREY S TERRY TREASURER 1.00
Officer Director
$0 $0 $0
ARTHUR BENJAMIN JR TREASURER (THRU 12/23) 1.00
Officer Director
$0 $0 $0
CALVIN LAWRENCE JR SECRETARY 1.00
Officer Director
$0 $0 $0
RICHARD T ANDERSON DIRECTOR 1.00
Director
$0 $0 $0
ERIC BLUESTONE DIRECTOR 1.00
Director
$0 $0 $0
DAVID COTTON DIRECTOR 1.00
Director
$0 $0 $0
REBECCA DEUTSCHER DIRECTOR 1.00
Director
$0 $0 $0
CEDRIC DEW DIRECTOR 1.00
Director
$0 $0 $0
FRANK DIMOLA DIRECTOR 1.00
Director
$0 $0 $0
RICHARD DZWLEWICZ DIRECTOR 1.00
Director
$0 $0 $0
HAROLD FLAKE DIRECTOR 1.00
Director
$0 $0 $0
ICEMA D GIBBS DIRECTOR 1.00
Director
$0 $0 $0
HOWARD GRAF DIRECTOR 1.00
Director
$0 $0 $0
YESENIA GRAHAM DIRECTOR 1.00
Director
$0 $0 $0
DANIEL A GREENE DIRECTOR 1.00
Director
$0 $0 $0
GEORGE GUILLAUME DIRECTOR 1.00
Director
$0 $0 $0
WANDA JACKSON DIRECTOR 1.00
Director
$0 $0 $0
PHILIPPA KARTERON DIRECTOR 1.00
Director
$0 $0 $0
PETER KULKA DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM LYNCH DIRECTOR 1.00
Director
$0 $0 $0
MEREDITH MARSHALL DIRECTOR 1.00
Director
$0 $0 $0
REV PATRICK H O'CONNOR DIRECTOR 1.00
Director
$0 $0 $0
GREG POLIS DIRECTOR 1.00
Director
$0 $0 $0
REGINALD M RASCH DIRECTOR 1.00
Director
$0 $0 $0
REV DR CALVIN RICE DIRECTOR 1.00
Director
$0 $0 $0
YAROJIN ROBINSON DIRECTOR 1.00
Director
$0 $0 $0
DREW SPITLER DIRECTOR 1.00
Director
$0 $0 $0
JUDY TUCKER DIRECTOR 1.00
Director
$0 $0 $0
DR BERENCEA JOHNSON EANES DIRECTOR (THRU 12/23) 1.00
Director
$0 $0 $0
RACHEL GILBERT SOLOMON DIRECTOR (THRU 1/23) 1.00
Director
$0 $0 $0
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
2024 No data No data No data No data
2023 $593,689 $437,419 $5,044,804 $156,270
2022 $1,407,045 $381,348 $4,516,114 $1,025,697
2021 $861,321 $192,080 $4,235,297 $669,241
2020 $1,312,558 $207,962 $3,156,734 $1,104,596
2019 $37,161 $102,814 $1,869,061 $-65,653
2018 $41,507 $95,000 $1,764,895 $-53,493
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