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Gmdc Two Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 113427959 ✦ Brooklyn, NY ✦ Designated as a 501(c)(4)

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Overview

What is Gmdc Two Corporation?

Gmdc Two Corporation is a nonprofit organization situated in Brooklyn, New York, specifically at 1155 Manhattan Avenue. Its primary mission is to support small manufacturing businesses by providing them with affordable manufacturing space in urban neighborhoods, such as Greenpoint, Brooklyn. This initiative aims to alleviate unemployment, stimulate additional employment opportunities, and encourage the formation and preservation of job opportunities. Gmdc Two Corporation specifically caters to small businesses, such as woodworkers, furniture makers, and fine artists, by identifying and offering them affordable spaces to conduct their craft businesses. In doing so, the organization contributes to attracting new industries to the community, thereby lessening the burden on local government and acting in the public interest.


Official website here: www.gmdconline.org

Is Gmdc Two Corporation legitimate?

Gmdc Two Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Gmdc Two 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $517,719

For more financial information, click here


Official website here: www.gmdconline.org

What is the mission statement of Gmdc Two Corporation?

Gmdc Two Corporation's mission is centered around providing affordable manufacturing space for small-scale manufacturers in urban neighborhoods. The organization's programs aim to alleviate and decrease unemployment, fostering and facilitating additional employment opportunities. By attracting new industries and aiding in the retention of existing trades, particularly small manufacturers like woodworkers, furniture makers, and fine artists, it provides affordable spaces for them to operate their small businesses. In doing so, Gmdc Two Corporation is drawing in new industries to a community or area, thereby lessening the burden on government and acting in the public interest.


Official website here: www.gmdconline.org

Who is the CEO of Gmdc Two Corporation?

Brian T Coleman is the Ceo of Gmdc Two Corporation. The CEO's salary of Gmdc Two Corporation is $0 and their total compensation is $472,833.


Official website here: www.gmdconline.org

What is the revenue of Gmdc Two Corporation?

Gmdc Two Corporation's revenue in 2022 was $3,668,898.


Official website here: www.gmdconline.org

Who are the executives of Gmdc Two Corporation and what are their salaries?

There 12 volunteers at Gmdc Two Corporation.


Here are 17 key members and their salaries (Gmdc Two Corporation's CEO's salary is $0 and their total compensation is $472,833):


Brian T Coleman (Ceo)
  • Compensation: $0
  • Related: $351,622
  • Other: $121,211
Michael Cavagnaro (Cfo)
  • Compensation: $0
  • Related: $219,491
  • Other: $19,198
Cassandra Smith (Senior Project Manager)
  • Compensation: $0
  • Related: $184,011
  • Other: $31,993
Curtis Biederbeck (Facilities Manager)
  • Compensation: $0
  • Related: $127,214
  • Other: $29,773
Gustavo Martinez (Project Manager)
  • Compensation: $0
  • Related: $123,673
  • Other: $29,587
Sebastian Hardy (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Libby Ryan (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harry Schwartz (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rosalind S Paaswell (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam Tell Metzger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alireza Esmaeilzadeh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Horowitz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Tooma (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kate Ascher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lorinda Karoff (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Nixon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mort Goldfein (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.gmdconline.org

Where can I find the form 990 for Gmdc Two Corporation?

Gmdc Two 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 Gmdc Two Corporation

Gmdc Two Corporation, an organization committed to making a difference, focuses on providing affordable manufacturing space for small manufacturers operating within urban neighborhoods. Its programs are designed to alleviate and reduce unemployment, while simultaneously fostering additional employment opportunities. By attracting new industries and aiding in the retention of existing trades, such as woodworkers, furniture makers, and fine artists, the organization creates and maintains job opportunities. In doing so, Gmdc Two Corporation serves as a catalyst for attracting new business to a community or area, thereby lessening the burdens on the government and acting in the public interest.

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Impact




October, 2024

Gmdc Two Corporation significantly impacts urban neighborhoods by providing affordable manufacturing space for small manufacturers. By owning and managing an industrial building in Greenpoint, Brooklyn, the organization fosters an environment where small businesses, such as woodworkers, furniture makers, and fine artists, can thrive. This support is crucial in alleviating unemployment by creating and maintaining quality job opportunities.

The organization plays a vital role in attracting new industry to the community while retaining existing trades, ensuring a diverse economic landscape. By focusing on small manufacturers, Gmdc Two Corporation not only strengthens local economies but also enhances the overall community by promoting entrepreneurship and skilled craftsmanship. Their efforts contribute to a vibrant urban ecosystem and address the critical need for affordable workspaces, ultimately benefiting both the businesses they support and the broader community.




This information is meant to be a general summary of Gmdc Two 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.

Revenue
$3,668,898 (2022)
Expenses
$3,822,465 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $69
  • Program Service Revenue: $3,668,829
  • Gross Receipts: $3,668,898

Assets and Liabilities:

  • Total Assets: $16,532,597
  • Total Liabilities: $14,623,626
  • Net Assets: $1,908,971

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$3,486,453

OTHER TENANT INCOME

Revenue

$182,376

Organization Details

Founding Year

2004

Principal Officer

Brian T Coleman

Main Address

1155 MANHATTAN AVENUE, BROOKLYN, NY, 11222

NTEE Category

Code: S31 - Community improvement

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