Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $110,000

• 1e · Government grants (contributions)

  $570,000

• 1f · All other contributions, gifts and grants

  $251,000

• 2a · Program service revenue: INTEREST ON LOANS

  total $96,831 · related or exempt $96,831

• 3 · Investment income

  total $4,987 · excluded $4,987

• 11a · Other revenue: MISC REVENUE

  total $3,809 · related or exempt $3,809

• 11e · Other revenue, total

  $3,809

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $46,750 · program services $46,750

• 7 · Other salaries and wages

  total $188,719 · program services $188,719

• 8 · Pension plan contributions

  total $18,350 · program services $18,350

• 9 · Other employee benefits

  total $23,289 · program services $23,289

• 10 · Payroll taxes

  total $15,315 · program services $15,315

• 11b · Fees: legal

  total $12,007 · program services $12,007

• 11c · Fees: accounting

  total $11,346 · management and general $11,346

• 11g · Fees: other

  total $18,000 · program services $18,000

• 13 · Office expenses

  total $3,786 · program services $3,757 · management and general $29

• 14 · Information technology

  total $11,512 · program services $11,417 · management and general $95

• 16 · Occupancy

  total $6,886 · program services $6,886

• 24a · Other expenses: OTHER

  total $2,000 · program services $2,000

• 24b · Other expenses: FEES

  total $841 · program services $120 · management and general $721

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $188,067 · end of year $49,504

• 4 · Accounts receivable

  end of year $235,000

• 7 · Other notes and loans receivable

  beginning of year $2,073,935 · end of year $1,481,079

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,091 · end of year $5,190

• 10a · Land, buildings and equipment: cost or other basis

  $29,764

• 10b · Land, buildings and equipment: accumulated depreciation

  $29,764

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $2,364,036 · end of year $5,215,114

• 17 · Accounts payable and accrued expenses

  beginning of year $34,335 · end of year $17,217

• 19 · Deferred revenue

  beginning of year $0 · end of year $18,760

• 23 · Secured mortgages and notes payable

  beginning of year $241,841 · end of year $1,908,341

• 27 · Net assets without donor restrictions

  beginning of year $339,874 · end of year $1,032,295

• 28 · Net assets with donor restrictions

  beginning of year $4,014,079 · end of year $4,009,274

The filer's explanations (Part III)

PART I, LINE 3

THE COMPENSATION OF THE CEO IS DETERMINED BY THE RELATED ORGANIZATION, GREATER JAMAICA DEVELOPMENT CORPORATION, WITH EIN #23-7021273. THE SALARIES ARE BEING PAID BY THAT ORGANIZATION. GJDC USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION: COMPENSATION COMMITTEE FORM 990 OF OTHER ORGANIZATIONS COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• SUTPHIN RETAIL ONE LLC

  REAL ESTATE · NY

• SUTPHIN RETAIL TWO LLC

  REAL ESTATE · NY