Overview
What is Greater Jamaica Development Corporation?
Greater Jamaica Development Corporation is a nonprofit organization that plays a crucial role in stimulating economic growth in downtown Jamaica. Their primary focus is on enhancing parking facilities to cater to the driving population, thereby facilitating easier commuting for local residents and workers for work, home, shopping, and other purposes. The organization is also responsible for the establishment of Jamaica Market, which serves as a vibrant community gathering spot, offering a diverse range of affordable culinary delights from various global cuisines. Since its inception in 1990, the market has become a significant part of the community, providing a welcoming space for locals and visitors alike.
Official website here: www.gjdc.org
What are the reviews and ratings of this charity?
Greater Jamaica Development Corporation holds an impressive Four-Star out of Four Star rating from Charity Navigator with a score of 96%. This high rating indicates strong accountability and financial health, reflecting the organization's effective management practices and transparency. Key indicators contributing to this score include a fully independent board of directors and thorough financial oversight, ensuring the charity operates responsibly.
The organization has demonstrated a commitment to governance through policies addressing potential conflicts of interest and whistleblower protections. Additionally, it maintains a solid program expense ratio of 74.56%, indicating that a significant portion of its resources is directed towards its mission-driven activities. The low liabilities to assets ratio of 39.15% further showcases the nonprofit's sound financial standing.
While user reviews from GreatNonprofits are not available, the organization’s strong score suggests a positive reputation within the sector. However, the lack of user feedback limits insight into personal experiences or community impact, leaving a gap in understanding its broader perception among beneficiaries and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Jamaica Development Corporation legitimate?
Greater Jamaica Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Jamaica 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: $819,615
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,629,357
For more financial information, click here
Official website here: www.gjdc.org
What is the mission statement of Greater Jamaica Development Corporation?
The Greater Jamaica Development Corporation's mission is centered around fostering economic growth. It achieves this by offering efficient parking solutions, catering to the commuting population in downtown Jamaica. The corporation's efforts have significantly contributed to the success of Jamaica Market, which has evolved into a popular community gathering spot since its establishment in 1990. The market offers a diverse range of affordable culinary delights from various parts of the world. The corporation's primary focus is on supporting the mobility needs of local residents and workers, enabling them to commutate easily for work, leisure, shopping, and other activities.
Official website here: www.gjdc.org
Who is the CEO of Greater Jamaica Development Corporation?
Justin Rodgers is the President & Ceo of Greater Jamaica Development Corporation. The CEO's salary of Greater Jamaica Development Corporation is $296,045 and their total compensation is $347,401.
Official website here: www.gjdc.org
What is the revenue of Greater Jamaica Development Corporation?
Greater Jamaica Development Corporation's revenue in 2022 was $7,601,973.
Official website here: www.gjdc.org
Who are the executives of Greater Jamaica Development Corporation and what are their salaries?
The average compensation at Greater Jamaica Development Corporation during 2022 was $62,794. There are 39 employees and 33 volunteers at Greater Jamaica Development Corporation.
Here are 46 key members and their salaries (Greater Jamaica Development Corporation's CEO's salary is $296,045 and their total compensation is $347,401):
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- Compensation: $296,045
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- Compensation: $128,569
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- Other: $41,783
- Compensation: $109,180
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- Other: $32,459
Official website here: www.gjdc.org
Where can I find the form 990 for Greater Jamaica Development Corporation?
Greater Jamaica Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gjdc.org
Learn more at the official website: www.gjdc.org
Mission Statement of Greater Jamaica Development Corporation
The Greater Jamaica Development Corporation plays a pivotal role in fostering economic growth by offering efficient parking solutions, catering to the driving population in downtown Jamaica. This organization has significantly impacted the community through the establishment of Jamaica Market, a vibrant gathering place that provides a diverse array of affordable culinary delights from various parts of the world. Due to the reliance on vehicles for commuting to work, home, shopping, and other activities, local residents and workers greatly benefit from the services provided by the Greater Jamaica Development Corporation. The corporation's mission, in essence, is to enhance the mobility and accessibility of the community by providing effective parking solutions, thereby contributing to the overall well-being and economic growth of the area.
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Impact
October, 2024
Greater Jamaica Development Corporation catalyzes economic growth in downtown Jamaica by enhancing parking solutions, which greatly supports the driving population. This initiative not only alleviates parking challenges but also fosters a vibrant local economy. A key component of this effort is the Jamaica Market, which has served as a community hub since its inception in 1990. It provides a diverse array of affordable culinary options, uniting residents and workers from various backgrounds. The market has become an essential meeting place, reinforcing the social fabric of the community. By facilitating convenient transportation and promoting local businesses, the Corporation's efforts significantly contribute to the area's economic vitality and overall community improvement.
This information is meant to be a general summary of Greater Jamaica 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: -$218,980
- Program Service Revenue: $6,832,617
- Gross Receipts: $11,303,334
Assets and Liabilities:
- Total Assets: $38,751,067
- Total Liabilities: $15,173,019
- Net Assets: $23,578,048
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARKING OPERATIONS
Revenue
$4,430,426
RENTAL INCOME
Revenue
$1,324,619
GOVERNMENT CONTRACTS
Revenue
$854,203
INTEREST ON LOANS
Revenue
$127,975
MANAGEMENT FEES
Revenue
$95,394
Organization Details
Founding Year
1967
Phone
(718) 291-0282Principal Officer
Justin Rodgers
Main Address
90-04 161ST STREET 704, JAMAICA, NY, 11432
Website
www.gjdc.orgNTEE Category
Code: S31Z - Community improvement
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