Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 65,000 | 70,000 | 135,000 | |||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | 65,000 | 70,000 | 135,000 | |||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | 135,000 | |||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 65,000 | 70,000 | 135,000 | |||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 985 | 987 | 689 | 735 | 128 | 3,524 |
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 297 | 1,033 | 943 | 6,299 | 1,968 | 10,540 |
| 11 | Total support. Add lines 7 through 10 | 149,064 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
|||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by .035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | ||
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
||
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | ||
| 4 Amounts paid to acquire exempt-use assets | ||
| 5 Qualified set-aside amounts (prior IRS approval required) | ||
| 6 Other distributions (describe in Part VI). See instructions | ||
| 7Total annual distributions. Add lines 1 through 6. | ||
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
||
| 9 Distributable amount for 2018 from Section C, line 6 | ||
| 10 Line 8 amount divided by Line 9 amount | ||
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2018 |
(iii) Distributable Amount for 2018 |
|
|---|---|---|---|---|
|
1
Distributable amount for 2018 from Section C, line 6 |
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|
2
Underdistributions, if any, for years prior to 2018 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2018: | ||||
| a From 2013....... | ||||
| b From 2014....... | ||||
| c From 2015....... | ||||
| d From 2016....... | ||||
| e From 2017....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2018 distributable amount | ||||
|
i
Carryover from 2013 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2018 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2018 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2018, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2018. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2019. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2014...... | ||||
| b Excess from 2015..... | ||||
| c Excess from 2016..... | ||||
| d Excess from 2017..... | ||||
| e Excess from 2018..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|---|
| SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | MISCELLANEOUS REVENUE - 2014 AMOUNT: $ 297. 2015 AMOUNT: $ 1,033. 2016 AMOUNT: $ 943. 2017 AMOUNT: $ 6,299. 2018 AMOUNT: $ 1,968. |
| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART I, LINE 1: | GJLDC'S TARGET MARKET AREA IS THE COUNTY OF QUEENS, NEW YORK, AND MORE SPECIFICALLY, GJLDC'S LOAN FUND IS AVAILABLE FOR ANY BUSINESS (EXISTING, NEW, OR START-UP) IN OR PLANNING TO LOCATE WITHIN THE114XX AND 116XX ZIP CODES WITHIN QUEENS COUNTY. AS AN ALTERNATIVE LENDER, OUR FUND IS TAILORED TO APPLICANTS WHO HAVE BEEN UNABLE TO OBTAIN FINANCING FROM TRADITIONAL SOURCES AT THE LEVEL REQUIRED BY THE VENTURE. THE TARGET APPLICANT IS INDEPENDENTLY OWNED AND OPERATED, AND GENERALLY HAS QUALIFIED AS A SMALL BUSINESS PURSUANT TO THE SBA SIZE STANDARDS BASED UPON DOLLAR VOLUME AND THE NUMBER OF ITS EMPLOYEES. APPLICANTS MUST HAVE SALES OF LESS THAN $10 MILLION. FINANCING IS AVAILABLE FROM $1,000 TO $300,000. SPECIAL CONSIDERATION FOR THE LOAN FUND PRODUCT IS GIVEN TO MEETING THE NEEDS OF WOMEN AND MINORITY-OWNED BUSINESSES. |
| FORM 990, PART III, LINE 4A: | WITHIN OUR TARGET MARKET, GJLDC PROVIDES LOANS TO QUALIFIED COMMERCIAL PROSPECTS THAT HAVE BEEN UNABLE TO OBTAIN FINANCING FROM TRADITIONAL LENDERS. WE OFTEN PARTICIPATE WITH OTHER LENDING INSTITUTIONS IN FINANCING PROJECTS THAT ARE BEYOND GJLDC'S FINANCIAL LIMITATION. WE MEASURE OUR SUCCESS BY THE DOLLAR AMOUNT OF LOANS DISBURSED, THE DOLLAR AMOUNT OF PRIVATE INVESTMENT LEVERAGED, THE NUMBER OF JOBS CREATED OR RETAINED AND OTHER PERFORMANCE OBJECTIVES. THE ABOVE REVENUE INCLUDES ONLY RELATED OR EXEMPT FUNCTION REVENUE REPORTED IN PART VIII, LINE 12B. |
| FORM 990, PART III, LINE 1: | GREATER JAMAICA LOCAL DEVELOPMENT COMPANY, INC. ("GJLDC") WORKING IN CONJUNCTION WITH ITS PARENT COMPANY, THE GREATER JAMAICA DEVELOPMENT CORPORATION ("GJDC"), PROVIDES FINANCIAL AND RELATED TECHNICAL ASSISTANCE TO QUALIFYING SMALL BUSINESSES AND/OR ENTREPRENEURS IN GJLDC'S TARGET MARKET. THE OBJECTIVE OF THE FINANCING IS TO PROMOTE ENTREPRENEURSHIP, CREATE NEW JOBS, RETAIN EXISTING JOBS, AND PROMOTE COMMUNITY REVITALIZATION AND/OR STABILIZATION. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION HAS MEMBERS WHO MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND REVIEWED AND APPROVED BY THE AUDIT COMMITTEE AND THEN DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | ON AN ANNUAL BASIS, THE POLICY AND DISCLOSURE FORM IS DISTRIBUTED TO BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES. STAFF FOLLOWS UP TO ENSURE THE RECEIPT OF THE FORMS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION OF THE CEO IS DETERMINED BY THE RELATED ORGANIZATION, GREATER JAMAICA DEVELOPMENT CENTER, WITH EIN # 23-7021273. THE SALARIES ARE BEING PAID BY THAT ORGANIZATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. |
| FORM 990, PART VII, SECTION A AND SCHEDULE J PART II: | ALL SALARIES FOR OFFICERS, DIRECTORS, AND KEY EMPLOYEES AS REPORTED IN COLUMN E OR PART VII AND COLUMN B OF SCHEDULE J PART II ARE PAID BY GREATER JAMAICA DEVELOPMENT CORPORATION. SALARIES REPORTED IN COLUMN E OF PART VII ARE FOR INFORMATION PURPOSES ONLY AS REQUIRED BY THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART I, LINE 5 AND PART V, LINE 2A: | NUMBER OF EMPLOYEES: ALL EMPLOYEES OF GREATER JAMAICA LOCAL DEVELOPMENT COMPANY, INC. ARE PAID THROUGH GREATER JAMAICA DEVELOPMENT CORPORATION AND THE PAYROLL IS ALLOCATED AND CHARGED BACK TO GREATER JAMAICA LOCAL DEVELOPMENT COMPANY, INC. THEREFORE, PART I, LINE 5 AND PART V, LINE 2A INDICATE THAT NO EMPLOYEES WERE REPORTED ON FORM W-3, TRANSMITTAL OF TAX AND WAGE STATEMENTS. SINCE SUCH EMPLOYEES ARE REPORTED ON THE W-3 OF GREATER JAMAICA DEVELOPMENT CORPORATION. |
| FORM 990, PART VII, SECTION A, COLUMN B: | AVERAGE HOURS PER WEEK: THE AVERAGE HOURS PER WEEK REPORTED FOR THE OFFICERS LISTED BELOW OF 35 HOURS REPRESENTS THE TOTAL HOURS WORKED PER WEEK FOR SUCH INDIVIDUALS FOR GJDC AND ALL RELATED ORGANIZATIONS. THE ALLOCATION OF TIME FOR SUCH OFFICERS BETWEEN GJDC AND ITS RELATED ORGANIZATIONS IS AS FOLLOWS: HOPE KNIGHT-GJDC (100%) TODD S BENENSON-GJDC (95%) AND GJLDC (5%) CAROLINE FORBES-GJDC (100%) LAUREL BROWN-GJDC (100%) |
| Software ID: | |
| Software Version: |
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Affiliated Group Business Name:
GREATER JAMAICA DEVELOPMENT CORPORATION
Address. Either US or Foreign Type:
90-04 161ST STREET
JAMAICA, NY11342 EIN:
23-7021273
Electing Organization Checkbox:
Total Grassroots Lobbying:
0
Total Direct Lobbying:
0
Total Lobbying Expenditures:
0
Other Exempt Purpose Expenditures:
10,423,772
Total Exempt Purpose Expenditures:
10,423,772
Lobbying Nontaxable Amount:
671,189
Grassroots Nontaxable Amount:
167,797
Tot Lobbying Grassroot Minus Non Tx:
0
Tot Lobby Expend Mns Lobbying Non Tx:
0
Share Of Excess Lobbying:
|
|
Affiliated Group Business Name:
JAMAICA CAPITAL CORPORATION
Address. Either US or Foreign Type:
90-04 161ST STREET
JAMAICA, NY11342 EIN:
13-4214984
Electing Organization Checkbox:
Total Grassroots Lobbying:
0
Total Direct Lobbying:
0
Total Lobbying Expenditures:
0
Other Exempt Purpose Expenditures:
0
Total Exempt Purpose Expenditures:
0
Lobbying Nontaxable Amount:
0
Grassroots Nontaxable Amount:
0
Tot Lobbying Grassroot Minus Non Tx:
0
Tot Lobby Expend Mns Lobbying Non Tx:
0
Share Of Excess Lobbying:
|