Overview
What is Greenpoint Manufacturing And Design Center Local Development Corporation?
Greenpoint Manufacturing and Design Center Local Development Corporation is a nonprofit organization situated in Brooklyn, New York, specifically at 1155 Manhattan Avenue, 11222. Their primary mission is to foster and maintain thriving manufacturing sectors within urban communities. They accomplish this by engaging in strategic planning, development, and management of real estate, as well as providing related services. The organization plays a crucial role in offering affordable manufacturing space, which is hard to find, thus supporting small-scale manufacturing businesses. This activity not only keeps these businesses running but also generates quality job opportunities in urban neighborhoods, thereby contributing positively to the local economy. The corporation currently employs 22 individuals.
Official website here: www.gmdconline.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Stars)
Greenpoint Manufacturing and Design Center Local Development Corporation has received a commendable rating of 89% from Charity Navigator, reflecting its strong accountability and financial management practices. The organization scored particularly well in areas such as having a majority of independent board members and maintaining a solid program expense ratio, indicating a commitment to effectively utilizing donations for its mission.
The nonprofit demonstrates a high level of transparency and governance, with all required policies, including conflict of interest and whistleblower protections, in place. Financial oversight is also robust, as evidenced by a complete audit and oversight committee. This level of accountability is a positive indicator for current and potential donors about the organization's operational integrity.
However, there is a noted area for improvement with a liabilities to assets ratio of 59.49%, which suggests a moderate level of debt compared to its assets. While this is not uncommon for nonprofits, it is something to monitor as it can impact financial stability in the long run. Overall, the Greenpoint Manufacturing and Design Center appears to be a well-managed organization focused on its development mission.
This AI summary has been generated from information found on Charity Navigator.
Is Greenpoint Manufacturing And Design Center Local Development Corporation legitimate?
Greenpoint Manufacturing And Design Center Local Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greenpoint Manufacturing And Design Center Local Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $711,522
Professional Fundraising Fees: $0
Other Salaries and Wages: $478,655
For more financial information, click here
Official website here: www.gmdconline.org
What is the mission statement of Greenpoint Manufacturing And Design Center Local Development Corporation?
The Greenpoint Manufacturing and Design Center Local Development Corporation's mission is to foster and maintain sustainable manufacturing sectors in urban communities. They accomplish this by engaging in planning, developing, and managing real estate, as well as providing additional related services. One of their key activities involves owning and managing a portfolio of industrial buildings, offering affordable manufacturing space that is often hard to find. This organization serves as a refuge for small manufacturers, contributing to the creation of quality jobs in urban neighborhoods.
Official website here: www.gmdconline.org
Who is the CEO of Greenpoint Manufacturing And Design Center Local Development Corporation?
Brian T Coleman is the Ceo of Greenpoint Manufacturing And Design Center Local Development Corporation. The CEO's salary of Greenpoint Manufacturing And Design Center Local Development Corporation is $351,622 and their total compensation is $472,833.
Official website here: www.gmdconline.org
What is the revenue of Greenpoint Manufacturing And Design Center Local Development Corporation?
Greenpoint Manufacturing And Design Center Local Development Corporation's revenue in 2022 was $5,077,800.
Official website here: www.gmdconline.org
Who are the executives of Greenpoint Manufacturing And Design Center Local Development Corporation and what are their salaries?
The average compensation at Greenpoint Manufacturing And Design Center Local Development Corporation during 2022 was $54,099. There are 22 employees and 12 volunteers at Greenpoint Manufacturing And Design Center Local Development Corporation.
Here are 17 key members and their salaries (Greenpoint Manufacturing And Design Center Local Development Corporation's CEO's salary is $351,622 and their total compensation is $472,833):
- Compensation: $351,622
- Related: $0
- Other: $121,211
- Compensation: $219,491
- Related: $0
- Other: $19,198
- Compensation: $184,011
- Related: $0
- Other: $31,993
- Compensation: $127,214
- Related: $0
- Other: $29,773
- Compensation: $123,673
- Related: $0
- Other: $29,587
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
Official website here: www.gmdconline.org
Where can I find the form 990 for Greenpoint Manufacturing And Design Center Local Development Corporation?
Greenpoint Manufacturing And Design Center Local Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gmdconline.org
Learn more at the official website: www.gmdconline.org
Mission Statement of Greenpoint Manufacturing And Design Center Local Development Corporation
Greenpoint Manufacturing and Design Center Local Development Corporation is committed to fostering sustainable manufacturing sectors within urban communities. They accomplish this mission by engaging in strategic planning, developing, and managing real estate, as well as offering additional related services. The organization's primary activity lies in owning and managing a portfolio of affordable industrial buildings, providing much-needed space for small manufacturing businesses. By offering these services, Greenpoint Manufacturing and Design Center Local Development Corporation serves as a vital hub for small manufacturers, helping to create quality jobs within urban neighborhoods.
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Impact
July, 2024
Greenpoint Manufacturing And Design Center Local Development Corporation plays a significant role in creating and sustaining viable manufacturing sectors in urban neighborhoods, particularly in Brooklyn, NY. By owning and managing a portfolio of industrial buildings and providing additional services to small manufacturing businesses, they offer hard-to-find affordable manufacturing space. Their efforts have helped support small manufacturers and the quality jobs they create in urban areas, contributing to community improvement and economic development.
This information is meant to be a general summary of Greenpoint Manufacturing And Design Center Local Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $404,127
- Program Service Revenue: $3,906,745
- Gross Receipts: $5,077,800
Assets and Liabilities:
- Total Assets: $70,874,676
- Total Liabilities: $42,169,226
- Net Assets: $28,705,450
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$3,906,745
Organization Details
Founding Year
1992
Phone
(718) 383-3935Principal Officer
Brian T Coleman
Main Address
1155 MANHATTAN AVENUE, BROOKLYN, NY, 11222
Website
www.gmdconline.orgNTEE Category
Code: S400 - Community improvement
If you are a representative of Greenpoint Manufacturing And Design Center Local Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.