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Nonprofiteer
← NEXUS JAMAICA NY QALICB INC

Form 990 for tax year 2025

Filed by NEXUS JAMAICA NY QALICB INC.

Totals

Total revenue
$136,500
Total expenses
$634,241
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$136,500
Investment income
$0
Other revenue
$0
Total assets, end of year
$11,006,664
Total liabilities, end of year
$12,250,000
Net assets or fund balances, end of year
-$1,243,336
Program services expenses (Part IX)
$634,241
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$634,241

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL INCOME

    total $136,500 · related or exempt $136,500

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $122,500 · program services $122,500

  • 22 · Depreciation, depletion and amortization

    total $434,241 · program services $434,241

  • 24a · Other expenses: FEES

    total $77,500 · program services $77,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $334,923 · end of year $271,424

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

    $11,486,158

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

    $1,302,724

  • 10c · Land, buildings and equipment, net

    beginning of year $10,617,677 · end of year $10,183,434

  • 15 · Other assets

    beginning of year $551,805 · end of year $551,806

  • 23 · Secured mortgages and notes payable

    beginning of year $12,250,000 · end of year $12,250,000

  • 27 · Net assets without donor restrictions

    beginning of year -$745,595 · end of year -$1,243,336

Mission and programs · 2025

Mission

SEE SCHEDULE OTO ENABLE ITS SUPPORTED PUBLIC CHARITABLE ORGANIZATION, GREATER JAMAICA DEVELOPMENT CORPORATION, A NEW YORK NOT-FOR-PROFIT CORPORATION (GJDC), TO BETTER ACCOMPLISH ITS CHARITABLE MISSION OF PLANNING, PROMPTING, COORDINATING, AND ADVANCING RESPONSIBLE DEVELOPMENT TO REVITALIZE JAMAICA AND STRENGTHEN THE REGION.

Activities or mission (Part I)

TO ENABLE ITS SUPPORTED PUBLIC CHARITABLE ORGANIZATION, GREATER JAMAICA DEVELOPMENT CORPORATION, A NEW YORK NOT-FOR-PROFIT CORPORATION (GJDC), TO BETTER ACCOMPLISH ITS CHARITABLE MISSION OF PLANNING, PROMPTING, COORDINATING, AND ADVANCING RESPONSIBLE DEVELOPMENT TO REVITALIZE JAMAICA AND STRENGTHEN THE REGION.

  • TO ENABLE ITS SUPPORTED PUBLIC CHARITABLE ORGANIZATION, GREATER JAMAICA DEVELOPMENT CORPORATION, A NEW YORK NOT-FOR-PROFIT CORPORATION (GJDC), TO BETTER ACCOMPLISH ITS CHARITABLE MISSION OF PLANNING, PROMPTING, COORDINATING, AND ADVANCING RESPONSIBLE DEVELOPMENT TO REVITALIZE JAMAICA AND STRENGTHEN THE REGION.

    Expenses $634,241 · Revenue $136,500

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JUSTIN K RODGERS

    PRESIDENT

    Total calculated
    $358,397
    From this org
    $0
    From related orgs
    $305,909
    Other
    $52,488
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $298,439 related
    Bonus
    $0
    Other
    $0 + $7,470 related
    Deferred
    $0 + $34,717 related
    Nontaxable benefits
    $0 + $17,771 related
    Filer's total
    $0 + $358,397 related

  • TODD S BENENSON

    TREASURER

    Total calculated
    $218,149
    From this org
    $0
    From related orgs
    $181,291
    Other
    $36,858
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $180,103 related
    Bonus
    $0
    Other
    $0 + $1,188 related
    Deferred
    $0 + $17,486 related
    Nontaxable benefits
    $0 + $19,372 related
    Filer's total
    $0 + $218,149 related

  • LAMONT R BAILEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • CLAYTON RUSSELL

    CFO

    Total calculated
    $12,395
    From this org
    $0
    From related orgs
    $12,395
    Other
    $0
    Hours/week
    1 + 34 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

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

Provenance

Return type
form_990
Tax year
2025
Filed
11 August 2026
IRS schema version
2025v4.2
Source object
202642239349302009

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