BROOKLYN, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BUILDING 77 QALICB INC C/O BROOKLYN NAVY YARD DEVELOPMENT CORP, founded in 2014, is a mid-sized nonprofit in the Community Improvement sector that reported $16.6M in total revenue in fiscal year 2025. Expenses of $28.9M exceeded revenue, resulting in a 73% operating deficit.
THE ORGANIZATION'S EXEMPT MISSION IS TO SERVE AS A SUPPORTING ORGANIZATION TO BNYDC, WHOSE MISSION IS TO PROMOTE LOCAL ECONOMIC DEVELOPMENT AND JOB CREATION IN THE BROOKLYN BOROUGH OF NEW YORK CITY, TO DEVELOP UNDERUTILIZED AREAS OF THE BROOKLYN NAVY YARD AND TO OVERSEE MODERNIZATION OF THE NAVY YARD'S INFRASTRUCTURE AND ASSETS, WHILE ALSO MAINTAINING ITS HISTORICAL INTEGRITY. THE ORGANIZATION WILL ENGAGE IN ECONOMIC DEVELOPMENT, SPECIFICALLY, BY REHABILITATING, REDEVELOPING AND LEASING BUILDING 77 OF THE NAVY YARD, THEREBY CREATING THOUSANDS OF JOBS FOR RESIDENTS AND THE CITY OF NEW YORK.
BUILDING 77 QALICB, INC. (THE "CORPORATION") WAS ORGANIZED ON DECEMBER 10, 2014, AS A NEW YORK NONSTOCK, NONPROFIT CORPORATION FOR THE PURPOSE OF REHABILITATING AND OPERATING A COMMERCIAL PROPERTY...
BUILDING 77 QALICB, INC. (THE "CORPORATION") WAS ORGANIZED ON DECEMBER 10, 2014, AS A NEW YORK NONSTOCK, NONPROFIT CORPORATION FOR THE PURPOSE OF REHABILITATING AND OPERATING A COMMERCIAL PROPERTY LOCATED IN BROOKLYN, NEW YORK. THE PROPERTY INCLUDES ONE BUILDING WHICH IS EXPECTED TO CONSIST OF 1,000,000 SQUARE FEET OF COMMERCIAL RENTAL SPACE. AS OF DECEMBER, 2023 AND 2022, 668,394 AND 668,394, RESPECTIVELY, OF SQUARE FEET WERE LEASED. THE PROPERTY IS OWNED BY THE CITY OF NEW YORK, WHICH LEASES IT TO BROOKLYN NAVY YARD DEVELOPMENT CORPORATION ("BNYDC") WHICH IN TURN LEASES TO THE CORPORATION. THE CORPORATION SUBLETS THE SPACE TO COMMERCIAL TENANTS. THE CORPORATION IS A QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS IN ACCORDANCE WITH THE TERMS UNDER THE NEW MARKETS TAX CREDIT ("NMTC") PROGRAM PURSUANT TO SECTION 45D OF THE IRC. THE CORPORATION IS REQUIRED TO COMPLY WITH VARIOUS RULES AND REGULATIONS AND FAILURE TO COMPLY WITH THESE OR OTHER REQUIREMENTS COULD RESULT IN THE RECAPTURE OF NMTC ALREADY TAKEN BY THE MORTGAGE LENDERS AND POTENTIAL LOSS OF FUTURE NMTCS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $16,638,081 | $15,765,938 | +0.1% |
| Expenses | $28,856,150 | $29,832,736 | 0.0% |
| Net Income | $-12,218,069 | $-14,066,798 | -0.1% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
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Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SHANNY SPRAUS-REINHARDT | PRESIDENT, DIRECTOR | 1.00 |
Officer
Director
|
$0 | $87,675 | $361,832 |
| SUSIE KIM | VP, DIRECTOR | 1.00 |
Officer
Director
|
$0 | $87,211 | $295,342 |
| WIMAL ARIYAWANSA | TREASURER, DIRECTOR | 1.00 |
Officer
Director
|
$0 | $100,977 | $378,496 |
| PAUL KELLY | SECRETARY, DIRECTOR | 1.00 |
Officer
Director
|
$0 | $44,620 | $330,785 |
| WENDY ROWDEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $16,638,081 | $28,856,150 | $171,333,649 | $-12,218,069 |
| 2024 | $15,765,938 | $29,832,736 | $177,919,009 | $-14,066,798 |
| 2023 | $15,225,749 | $23,828,970 | $182,736,898 | $-8,603,221 |
| 2022 | $38,268,962 | $18,696,138 | $191,889,432 | $19,572,824 |
| 2021 | $15,386,005 | $22,801,730 | $189,975,269 | $-7,415,725 |
| 2020 | $16,788,036 | $24,026,066 | $194,597,427 | $-7,238,030 |
| 2019 | $35,214,376 | $15,237,370 | $200,881,114 | $19,977,006 |
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