Brooklyn Navy Yard Development Corporation
77% goes to programs $0 to raise $100 Strong reserves Growing revenue
Brooklyn Navy Yard Development Corporation is a 501(c)(3) organization based in Brooklyn, New York, registered in 1982, with $157,153,274 in FY2024 revenue. CharityIndex grades it A, and it directs about 77% of spending to programs.
63 Flushing Ave Unit 300, Brooklyn, NY, 11205 EIN 11-2137138 Since 1982
Revenue (FY2024)
$157.2M
▲ 21.3% vs prior year
Community median: $184K
Expenses (FY2024)
$96.7M
Net assets
$453.9M
Employees
402
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating77% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Brooklyn Navy Yard Development Corporation: 77% to programs · $0 to raise $100 earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating56 mo reserves · +38% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Brooklyn Navy Yard Development Corporation: 56 mo reserves · +38% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Brooklyn Navy Yard Development Corporation: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Brooklyn Navy Yard Development Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To manage the brooklyn navy yard for the city of new york, specifically to expand job opportunites for new yorkers by fostering the development of small businesses.
Contact & location
- Address
- 63 Flushing Ave Unit 300, Brooklyn, NY, 11205
- City
- Brooklyn
- State
- New York
- Subcategory
- Community & Neighborhood Development
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $55.5M (FY2013) to $157.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $630.1MNet assets $453.9M
Operating margin
38.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1B
Total liabilities
$630.1M
Net assets
$453.9M
Salaries & benefits
$29.5M
30% of expenses
Board members
27
27 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $157,153,274▲21.3% | $96,745,816▼3.9% | $453,909,580▲15.1% | $1,084,013,549▲1.2% | 990 |
| 2023 | $129,560,297▲8.6% | $100,677,211▲10.3% | $394,261,585▲7.9% | $1,070,805,485▲2.4% | 990 |
| 2022 | $119,270,831▲45.0% | $91,268,281▼12.8% | $365,507,319▲8.2% | $1,045,949,064▲3.6% | 990 |
| 2021 | $82,249,010▲20.3% | $104,694,430▲31.9% | $337,702,812▼6.2% | $1,009,962,823▲85.8% | 990 |
| 2020 | $68,378,369▼4.2% | $79,383,855▲15.5% | $360,148,232▼3.0% | $543,633,704▼1.8% | 990 |
| 2019 | $71,410,497▼26.0% | $68,759,163▲8.0% | $371,153,718▲0.7% | $553,839,308▼1.4% | 990 |
| 2018 | $96,557,932▲47.6% | $63,691,550▼13.4% | $368,502,384▼1.7% | $561,974,070▼6.5% | 990 |
| 2017 | $65,420,626▼26.4% | $73,537,746▲39.1% | $374,746,546▼2.1% | $601,341,477▼2.6% | 990 |
| 2016 | $88,827,606▼17.1% | $52,871,814▲8.8% | $382,863,666▲11.4% | $617,684,455▲11.6% | 990 |
| 2015 | $107,141,562▲85.9% | $48,585,336▲7.1% | $343,645,750▲20.5% | $553,726,075▲22.0% | 990 |
| 2014 | $57,630,920▲3.8% | $45,362,037▼1.3% | $285,089,524▲4.5% | $453,716,236▲7.3% | 990 |
| 2013 | $55,514,837 | $45,937,158▲10.7% | $272,820,641▲3.6% | $422,688,353▲4.7% | 990 |
| 2012 | — | $41,481,410▲7.2% | $263,242,962▲4.4% | $403,720,300▲22.6% | 990 |
| 2011 | — | $38,709,372▲4.3% | $252,169,264▲8.7% | $329,417,787▲6.7% | 990 |
| 2010 | — | $37,106,564 | $232,046,855 | $308,592,261 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Lindsay Greene — $287,172 (0.30% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Lindsay Greene | President and Ceo | 35 | $287,172 |
| Naser Gjeloshi | Evp and Coo | 35 | $277,192 |
| Paul Kelly | Gen. Counsel and Evp | 35 | $268,956 |
| Wimal Ariyawansa | Cfo and Evp | 35 | $267,364 |
| Gbenga Dawodu | Creo (term 04/11/25) | 35 | $265,497 |
| Shanny Spraus-reinhardt | Chief Impact Officer & Evp | 35 | $264,212 |
| Ari Schneiderman | Sr. Vp, Technology | 35 | $212,825 |
| Kerry A Keegan | Sr. Vp, Design & Construction | 35 | $207,776 |
| Shani Leibowitz | Sr. Vp, Planning & Trans. | 35 | $204,299 |
| Carmine A Stabile | Svp, Ops & Infra | 35 | $203,761 |
| Brian Drew Linett | Sr. Vp, Controller | 35 | $201,153 |
| Simone Robinson-barnett | Sr. Vp, Property Management | 35 | $200,067 |
| Matthew Harrison | Sr. Vp, Development | 35 | $196,726 |
| Susie Kim | Deputy General Counsel | 35 | $195,111 |
| Joyce Diverce | Svp of Impact & Partnerships | 35 | $185,882 |
| Joseph Aaron Colista | Sr.vp, Leasing | 35 | $185,383 |
| Hamza Taipovic | Chief Engineer | 35 | $185,335 |
| John Coburn | Vp, Lead Architect | 35 | $172,021 |
| Minden Koopmans | Chief of Staff | 35 | $169,595 |
| Adam Freidman | Board Member | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Blackhawk Data LLC | Consulting Services | $526,038 |
| Spacesmith LLP | Architectural Services | $508,688 |
| Cdw Direct LLC | It Services | $232,626 |
| Jfk&m Consulting Group LLC | Consulting Services | $217,141 |
| Mitofsky Shapiro Neville & Hazen LLP | Legal Services | $164,130 |
Grants received · $2.2M total
21 grants to Brooklyn Navy Yard Development Corporation totaling $2.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Robin Hood Foundation | Poverty relief | 2024 | $150,000 |
| The Blackbaud Giving Fund | General support | 2024 | $20,000 |
| Robin Hood Foundation | Poverty relief | 2023 | $150,000 |
| Robin Hood Foundation | Poverty relief | 2022 | $200,000 |
| The Blackbaud Giving Fund | General support | 2022 | $25,000 |
| New Schools Fund | Innovative schools | 2021 | $215,000 |
| Robin Hood Foundation | Poverty relief | 2021 | $75,000 |
| Tides Foundation | Sustainable environment | 2021 | $50,000 |
| Robin Hood Foundation | General | 2020 | $150,000 |
| New Profit Inc | Program expansion | 2020 | $100,000 |
| Local Initiatives Support Corporation | See part iv | 2020 | $15,000 |
| Tulsa Community Foundation | General operations | 2020 | $5,000 |
| Robin Hood Foundation | General | 2019 | $150,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $25,000 |
| Robin Hood Foundation | — | 2018 | $150,000 |
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Compare Brooklyn Navy Yard Development Corporation
Frequently asked questions
- Is Brooklyn Navy Yard Development Corporation a legitimate nonprofit?
- Yes. Brooklyn Navy Yard Development Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 11-2137138, based in Brooklyn, New York. Donations are tax-deductible.
- What is Brooklyn Navy Yard Development Corporation's EIN?
- Brooklyn Navy Yard Development Corporation's Employer Identification Number (EIN) is 11-2137138.
- How much revenue does Brooklyn Navy Yard Development Corporation report?
- Brooklyn Navy Yard Development Corporation reported $157,153,274 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Brooklyn Navy Yard Development Corporation's spending goes to programs?
- Brooklyn Navy Yard Development Corporation spends about 77% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Brooklyn Navy Yard Development Corporation have?
- CharityIndex grades Brooklyn Navy Yard Development Corporation A, based on program efficiency and fundraising cost.
- How much does Brooklyn Navy Yard Development Corporation's highest-paid employee make?
- The highest reported compensation on Brooklyn Navy Yard Development Corporation's latest Form 990 is $287,172, paid to Lindsay Greene (President and Ceo).
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Data for Brooklyn Navy Yard Development Corporation (EIN 11-2137138) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.