GREATER JAMAICA DEVELOPMENT CORPORATION

EIN: 237021273 501(c)(3) Community Improvement

JAMAICA, NY

Total Revenue
$10,142,218
Total Expenses
$10,570,837
Total Assets
$39,002,347
Net Assets
$24,030,332
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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
NY
Principal Officer
JUSTIN RODGERS
Phone
7182910282
Tax Period
2023-01-01 to 2023-12-31

GREATER JAMAICA DEVELOPMENT CORPORATION, founded in 1967, is a mid-sized nonprofit in the Community Improvement sector that reported $10.1M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Net assets of $24.0M represent 28 months of operating reserves.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $4,150,587 Revenue: $4,513,663

EFFECTIVE PARKING TO CATALYZE ECONOMIC GROWTH:WITH A LARGE DRIVING POPULATION, THE ECONOMIC VITALITY OF DOWNTOWN JAMAICA IS UNDERPINNED BY CAR-BASED TRANSPORTATION - AS LOCAL RESIDENTS AND WORKERS...

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EFFECTIVE PARKING TO CATALYZE ECONOMIC GROWTH:WITH 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"), A WHOLLY OWNED SUBSIDIARY OF GJDC, OWNS AND OPERATES PARKING IN THE DOWNTOWN IN ORDER IMPROVE TRANSPORTATION, SUPPORT LOCAL ECONOMIC ACTIVITY AND DEVELOPMENT. AS THE NONPROFIT OWNER OF FOUR PARKING FACILITIES WITH APPROXIMATELY 1,800 SPACES IN THE DOWNTOWN, JFP PROVIDES SAFE, ATTRACTIVE, AFFORDABLY PRICED PARKING TO SUPPORT ECONOMIC AND CULTURAL ACTIVITY IN JAMAICA.

Program 2
Expenses: $2,543,803 Revenue: $2,522,882

JAMAICA MARKET:SINCE 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...

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JAMAICA MARKET:SINCE 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. IN ADDITION, THE HARVEST ROOM IS LOCATED IN THE JAMAICA MARKET. AS ONE OF THE ONLY OFFERINGS OF ITS KIND IN DOWNTOWN JAMAICA THE HARVEST ROOM SERVES 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. GREATER NEXUS:GREATER NEXUS IS A LEADING COWORKING SPACE AND ENTREPRENEURSHIP HUB BASED IN NEW YORK. IT IS DOWNTOWN JAMAICA'S FIRST ACCESSIBLE AND AFFORDABLE COWORKING SPACE OFFERING FLEXIBLE TERMS TO THE MOSTLY MINORITY SMALL BUSINESS COMMUNITY. WITH OVER 10,000 SQUARE FEET OF SHARED SPACE, STATE-OF-THE-ART AUDIO-VISUAL EQUIPMENT, WELLNESS ROOMS, SOUNDPROOF PHONE BOOTHS, AND COMPARABLE AMENITIES TO ANY MODERN MANHATTAN OFFICE SPACE, OUR CO-WORKING FACILITY PROMISES TO BE A MAGNET FOR INNOVATIVE ENTREPRENEURSHIP.OPENED DURING THE SUMMER OF 2022, GREATER NEXUS PRIDES ITSELF ON TAKING A HOSPITALITY-FIRST APPROACH TO OUR SPACE FROM OUR DESIGN TO OUR STAFF, AND TECHNOLOGY WE ARE ALWAYS PUTTING OUR MEMBERS' EXPERIENCE FIRST. WE PRIDE OURSELVES ON CREATING A CULTURE THAT UNDERSTANDS THE NEEDS OF THE BUSINESS AND COMMUNITY, BY PROVIDING SOLUTIONS THROUGH DIVERSE-INDUSTRY EDUCATIONAL PROGRAMING, PROFESSIONAL NETWORKING EVENTS AND MENTORING OPPORTUNITIES.GREATER NEXUS WANTS TO SUPPORT THE SMALL BUSINESSES AND ENTREPRENEURS TO WORK IN AN INNOVATIVE, TECH DRIVEN SPACE THAT INSPIRES INNOVATION, CROSS COLLABORATION OF VARIOUS BUSINESS TO SUPPORT NEW BUSINESS OPPORTUNITIES, AND AN ENVIRONMENT OF TECHNICAL RESOURCES. THIS LEVEL OF COMMUNITY EXPERTISE AND ACCESS TO RESOURCES IS A UNIQUE AND CRITICAL ASPECT OF THE FACILITY. MEMBERS WILL GAIN ACCESS TO A WIDE SPECTRUM OF HIGH-LEVEL BUSINESS RESOURCES TO HELP EXPAND BUSINESS KNOWLEDGE AND PERSONAL DEVELOPMENT THROUGH OUR SMALL BUSINESS INITIATIVE.GREATER NEXUS' SMALL BUSINESS INITIATIVE WILL PROVIDE UP TO 15 LOCAL BUSINESSES | ENTREPRENEURS WITH THE OPPORTUNITY TO WORK OUT OF THE COWORKING SPACE FOR A ONE-MONTH SPAN. BUSINESSES THAT ARE SELECTED FOR THIS OPPORTUNITY WILL HAVE FULL ACCESS TO OUR SPACE, AND THE OPPORTUNITY TO ENGAGE WITH A VARIETY OF BUSINESS SECTORS WITHIN THE SPACE. IN ADDITION, GREATER NEXUS CURATES AND PROVIDES RESOURCES FOR THE COMMUNITY AROUND FINANCIAL LITERACY, CIVIC ENGAGEMENT, AND THE OPPORTUNITY TO HAVE ONE ON ONE MEETINGS TO LEARN ABOUT AND GAIN ACCESS TO THE MULTITUDE OF RESOURCES OFFERED THROUGH OUR BUSINESS SERVICES GROUP. GREATER NEXUS ALSO HOSTS SEVERAL PROGRAMS THAT ARE OFFERED TO THE COMMUNITY IN THE SECTORS OF CIVIC ENGAGEMENT, FINANCIAL LITERACY, ACADEMIC ENRICHMENT/EDUCATION, WORKFORCE DEVELOPMENT, TECHNOLOGY AND OPPORTUNITIES TO CONTRACT IN THE MWBE ARENA.

Program 3
Expenses: $757,677 Revenue: $233,456

FACILITATING AFFORDABLE HOUSING DEVELOPMENT:IN RESPONSE TO RESOUNDING DEMAND FOR AFFORDABLE HOUSING AND NEW RETAIL BY THE JAMAICA COMMUNITY, GJDC HAS WORKED CLOSELY WITH PRIVATE DEVELOPERS TO HELP...

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FACILITATING AFFORDABLE HOUSING DEVELOPMENT:IN RESPONSE TO RESOUNDING DEMAND FOR AFFORDABLE HOUSING AND NEW RETAIL BY THE JAMAICA COMMUNITY, GJDC HAS WORKED CLOSELY WITH PRIVATE DEVELOPERS TO HELP FACILITATE THE CONSTRUCTION OF MORE MIXED-USE, AFFORDABLE BUILDINGS IN DOWNTOWN JAMAICA. EVENTS AND PROGRAMMING:IN ORDER TO HELP CONNECT RESIDENTS TO THEIR NEIGHBORHOOD, GJDC SPONSORS SEVERAL EVENTS THROUGHOUT THE YEAR, INCLUDING A WOMEN'S HISTORY MONTH CELEBRATION IN MARCH, A LEGISLATIVE COCKTAIL HOUR IN MAY AND A 5K WALK/RUN IN THE FALL. IMPROVING INFRASTRUCTURE AND ACCESS: GJDC 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.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,949,142
Program Service Revenue $7,145,576
Investment Income $-14,131
Other Revenue $61,631
TOTAL REVENUE $10,142,218

Expense Breakdown

Grants Paid $64,335
Salaries & Benefits $3,456,238
Fundraising Expenses $405,543
Program Expenses $7,793,601
Other Expenses $7,050,264
TOTAL EXPENSES $10,570,837

Year-over-Year Comparison

2023 2022 Change
Revenue $10,142,218 $7,601,973 +0.3%
Expenses $10,570,837 $9,823,234 +0.1%
Net Income $-428,619 $-2,221,261 -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
43
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
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUSTIN RODGERS PRESIDENT & CEO 31.90
Officer
$291,195 $51,290 $342,485
TODD BENENSON ASSISTANT TREASURER/CFO 31.90
Officer
$187,151 $38,167 $225,318
PATRICIA ROBINSON CHIEF ADMINISTRATIVE OFFICER 33.00
Officer
$182,699 $35,392 $218,091
MASHEIKA LEWIS ASSISTANT SECRETARY 35.00
Officer
$117,164 $31,143 $148,307
MITCHELL STERNBACH DIR. RESOURCE DEVELOPMENT 35.00
Highest
$143,316 $51,285 $194,601
TIANA LIRIANO DIR. OF REAL EST. & PROP. MGMT 35.00
Highest
$143,660 $45,846 $189,506
JESSICA GARCIA CONTROLLER 35.00
Highest
$112,551 $67,610 $180,161
ARON KURLANDER DIR. OF BUSINESS SERVICES 30.00
Highest
$158,111 $14,695 $172,806
EDWIN ROSADO REAL PROP. FACILITIES MGR 35.00
Highest
$116,628 $23,164 $139,792
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 - TO OCT 2023 1.00
Officer Director
$0 $0 $0
JEFFREY S TERRY TREASURER 1.00
Officer Director
$0 $0 $0
ARTHUR BENJAMIN JR TREASURER - TO DEC. 2023 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 - TO DEC 2023 1.00
Director
$0 $0 $0
RACHEL GILBERT SOLOMON DIRECTOR - TO JAN 2023 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 $10,142,218 $10,570,837 $39,002,347 $-428,619
2022 $7,601,973 $9,823,234 $38,751,067 $-2,221,261
2021 $8,397,998 $8,667,457 $43,416,674 $-269,459
2020 $6,204,956 $8,003,426 $47,641,345 $-1,798,470
2019 $8,564,212 $9,923,943 $46,023,620 $-1,359,731
2018 $28,432,607 $10,423,772 $40,793,097 $18,008,835
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