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 Vulnerability Assessment (Tuckman-Chang)

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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

GJDC ENVISAGES JAMAICA AS A VITAL AND DIVERSE DOWNTOWN FOR ALL OF THOSE WHO WORK, LIVE, SHOP OR VISIT HERE. WE SEE DOWNTOWN JAMAICA AS A MIXED-INCOME RESIDENTIAL COMMUNITY INCLUDING AFFORDABLE HOUSING. AT ITS CENTER IS A MULTI-MODAL TRANSPORTATION NEXUS, INCLUDING TRAIN, SUBWAY, BUS SERVICE AND CONNECTED TO JFK INTERNATIONAL AIRPORT VIA AIRTRAIN; SUPPORTING OUR COMMERCIAL CORRIDORS. WE SEEK TO ENHANCE DOWNTOWN JAMAICA AS AN ATTRACTIVE PLACE FOR PRIVATE INVESTMENT WHICH WILL ALSO SUPPORT CULTURAL ACTIVITIES AND AMENITIES THAT ENHANCE THE QUALITY-OF-LIFE FOR ITS CITIZENS.

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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 $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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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

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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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