GREATER JAMAICA LOCAL DEVELOPMENT … - Form 990 Financial Data

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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

1979

Legal Domicile

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

GREATER JAMAICA LOCAL DEVELOPMENT COMPANY, INC. ("GJLDC") WORKING IN CONJUNCTION WITH ITS AFFILIATE COMPANY, THE GREATER JAMAICA DEVELOPMENT CORPORATION ("GJDC"), PROVIDES FINANCIAL AND RELATED TECHNICAL ASSISTANCE TO QUALIFYING SMALL BUSINESSES AND/OR ENTREPRENEURS IN GJLDC'S TARGET MARKET. THE OBJECTIVE OF THE FINANCING IS TO PROMOTE ENTREPRENEURSHIP, CREATE NEW JOBS, RETAIN EXISTING JOBS, AND PROMOTE COMMUNITY REVITALIZATION AND/OR STABILIZATION.THIS SUPPORT INCLUDES, BUT IS NOT LIMITED TO, - NAVIGATING GOVERNMENTAL REGULATIONS - ACCESSING TRAINING GRANTS - LOAN PACKAGING - ADVOCACY

Program Service Accomplishments

Program 1

Expenses: $428,100 Revenue: $108,322

WITHIN OUR TARGET MARKET, GJLDC PROVIDES LOANS TO QUALIFIED COMMERCIAL PROSPECTS THAT HAVE BEEN UNABLE TO OBTAIN FINANCING FROM TRADITIONAL LENDERS. WE OFTEN PARTICIPATE WITH OTHER LENDING...

WITHIN OUR TARGET MARKET, GJLDC PROVIDES LOANS TO QUALIFIED COMMERCIAL PROSPECTS THAT HAVE BEEN UNABLE TO OBTAIN FINANCING FROM TRADITIONAL LENDERS. WE OFTEN PARTICIPATE WITH OTHER LENDING INSTITUTIONS IN FINANCING PROJECTS THAT ARE BEYOND GJLDC'S FINANCIAL LIMITATION. WE MEASURE OUR SUCCESS BY THE DOLLAR AMOUNT OF LOANS DISBURSED, THE DOLLAR AMOUNT OF PRIVATE INVESTMENT LEVERAGED, THE NUMBER OF JOBS CREATED OR RETAINED AND OTHER PERFORMANCE OBJECTIVES. RECOGNIZING THE NEED FOR URGENT ACTION IN RESPONSE TO THE COVID CRISIS, GJLDC AND ITS AFFILIATE GJDC, SIGNIFICANTLY INCREASED EMPHASIS ON PROVIDING OUR FREE SUITE OF TECHNICAL ASSISTANCE TO SMALL BUSINESSES IN OUR SERVICE GEOGRAPHY, WITH A SPECIAL FOCUS ON MWBE'S. SPECIFICALLY IN 2018 AND 2019, WE PROVIDED SERVICE ASSISTANCE (THROUGH CANVASSING, COMMUNITY ENGAGEMENT EVENTS AND ONE-ON-ONE ASSISTANCE TO ABOUT 500 ENTITIES PER YEAR). BY CONTRAST, IN 2021 AS A RESULT OF COVID'S IMPACT ON SMALL BUSINESSES, WE PROVIDED DIRECT ASSISTANCE TO 1189 BUSINESSES. OUR SERVICES RESULTED IN BUSINESS FUNDING AND/OR GRANTS SECURED OF $5,076,722. THROUGHOUT THE PANDEMIC, WE PARTNERED WITH FEDERAL, STATE, AND LOCAL GOVERNMENTAL UNITS TO PROVIDE FOCUSED ASSISTANCE AND GUIDANCE ON ACCESS TO NEWLY AVAILABLE BUSINESS RESOURCES.THIS DEDICATION CONTINUED IN 2022 AND 2023 AS OUR SERVICE GEOGRAPHY OF MOSTLY MINORITY OWNED ENTITIES RECOVERED IN VERY SLOW FASHION FROM PANDEMIC RESTRICTIONS. THESE BUSINESSES REQUIRE SPECIAL ATTENTION SINCE THEY TYPICALLY DID NOT HAVE ADEQUATE CASH RESERVES, LACKED ACCESS TO EXPERTISE, AND COULD NOT MOVE THEIR BUSINESSES ONLINE DURING THE LOCKDOWNS.

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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 (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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Financial Health Indicators

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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

N/A

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

$934,201

Total Directors

Key Employees

Highest Compensated

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

GREATER JAMAICA LOCAL DEVELOPMENT COMPANY INC