Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $25,000

• 1e · Government grants (contributions)

  $457,500

• 2a · Program service revenue: INTEREST ON LOANS

  total $104,372 · related or exempt $104,372

• 3 · Investment income

  total $2,867 · excluded $2,867

• 11a · Other revenue: MISC REVENUE

  total $3,950 · related or exempt $3,950

• 11e · Other revenue, total

  $3,950

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $127,500 · program services $127,500

• 7 · Other salaries and wages

  total $198,265 · program services $198,265

• 8 · Pension plan contributions

  total $19,149 · program services $19,149

• 9 · Other employee benefits

  total $8,183 · program services $8,183

• 10 · Payroll taxes

  total $16,609 · program services $16,609

• 11b · Fees: legal

  total $1,129 · program services $1,129

• 11c · Fees: accounting

  total $7,080 · management and general $7,080

• 13 · Office expenses

  total $9,751 · program services $8,209 · management and general $1,542

• 14 · Information technology

  total $2,683 · program services $2,683

• 16 · Occupancy

  total $8,540 · program services $8,540

• 17 · Travel

  total $14,105 · program services $14,105

• 19 · Conferences, conventions and meetings

  total $6,363 · program services $6,363

• 24a · Other expenses: BAD DEBT EXPENSE

  total $17,365 · program services $17,365

• 24b · Other expenses: FEES

  total $697 · management and general $697

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $234,723 · end of year $307,301

• 3 · Pledges and grants receivable

  beginning of year $265,000 · end of year $85,000

• 7 · Other notes and loans receivable

  beginning of year $1,928,060 · end of year $1,778,788

• 9 · Prepaid expenses and deferred charges

  beginning of year $270 · end of year $3,510

• 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 $2,088,061 · end of year $2,870,205

• 17 · Accounts payable and accrued expenses

  beginning of year $23,545 · end of year $14,309

• 23 · Secured mortgages and notes payable

  beginning of year $232,685 · end of year $241,841

• 25 · Other liabilities

  beginning of year $0 · end of year $372,500

• 27 · Net assets without donor restrictions

  beginning of year $511,808 · end of year $359,980

• 28 · Net assets with donor restrictions

  beginning of year $3,748,076 · end of year $4,056,174

The filer's explanations (Part III)

PART I, LINE 3

THE COMPENSATION OF THE CEO IS DETERMINED BY THE RELATED ORGANIZATION, GREATER JAMAICA DEVELOPMENT CENTER, WITH EIN # XXX-XX-XXXX. 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