BUILDING 127 LL INC
141 FLUSHING AVENUE NO 801, BROOKLYN, NY 11205

Total Revenue
$249,530
Total Expenses
$1,695,294
Net Assets
$-3,180,212

Organizations Filed Purposes: BUILDING 127 LL, INC. WAS FORMED AS PART OF BROOKLYN NAVY YARD DEVELOPMENT CORPORATION'S ("BNYDC") EFFORTS TO RENOVATE BUILDING 127 (THE "PROJECT"), AN INDUSTRIAL FACILITY, THAT IS A CERTIFIED HISTORIC STRUCTURE AND IS ELIGIBLE FOR INVESTMENT TAX CREDITS FOR QUALIFYING REHABILITATION EXPENDITURES PURSUANT TO SECTION 47 OF THE IRC. THE CORPORATION WILL ENGAGE SOLELY IN THE FACILITATION OF FINANCING FOR REDEVELOPMENT AND SUBSEQUENT LEASING OF BUILDING 127. TO FACILITATE THE FINANCING OF THE PROJECT RENOVATIONS, THE CORPORATION BORROWED FUNDS AND WILL USE THE PROCEEDS OF THE LOANS TO MAKE A LOAN TO THE INVESTMENT FUND

BUILDING 127 LL, INC. PROVIDED $24,953,000 OF FINANCING FOR REDEVELOPMENT AND SUBSEQUENT LEASING OF BUILDING 127. TO FACILITATE THE FINANCING OF THE PROJECT RENOVATIONS, THE CORPORATION BORROWED FUNDS AND USED THE PROCEEDS OF THE LOANS TO MAKE A LOAN TO THE INVESTMENT FUND

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Wimal AriyawansaTREASURER, DIRECTOR1$0
Paul KellyPRESIDENT, DIRECTOR1$0
Julia MillerSECRETARY1$0
Johanna GreenbaumVP, DIRECTOR1$0
Chris TepperDIRECTOR1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202141339349303424_public.xml