Organizations Filed Purposes:
THE ORGANIZATION'S EXEMPT MISSION IS TO SERVE AS A SUPPORTING ORGANIZATION TO BNYDC, WHOSE MISSION IS TO PROMOTE LOCAL ECONOMIC DEVELOPMENT AND JOB CREATION IN THE BROOKLYN BOROUGH OF NEW YORK CITY, TO DEVELOP UNDERUTILIZED AREAS OF THE BROOKLYN NAVY YARD AND TO OVERSEE MODERNIZATION OF THE NAVY YARD'S INFRASTRUCTURE AND ASSETS, WHILE ALSO MAINTAINING ITS HISTORICAL INTEGRITY. THE ORGANIZATION WILL ENGAGE IN ECONOMIC DEVELOPMENT, SPECIFICALLY, BY REHABILITATING, REDEVELOPING AND LEASING BUILDING 77 OF THE NAVY YARD, THEREBY CREATING THOUSANDS OF JOBS FOR RESIDENTS AND THE CITY OF NEW YORK.
TO SUPPORT THE CHARITABLE ACTIVITIES OF BROOKLYN NAVY YARD DEVELOPMENT CORPORATION WHOSE MISSION IS TO PROMOTE LOCAL ECONOMIC DEVELOPMENT & JOB CREATION IN BROOKLYN BOROUGH OF NYC.
BUILDING 77 QALICB, INC. (THE "CORPORATION") WAS ORGANIZED ON DECEMBER 10, 2014, AS A NEW YORK NONSTOCK, NONPROFIT CORPORATION FOR THE PURPOSE OF REHABILITATING AND OPERATING A COMMERCIAL PROPERTY LOCATED IN BROOKLYN, NEW YORK. THE PROPERTY INCLUDES ONE BUILDING WHICH IS EXPECTED TO CONSIST OF 1,000,000 SQUARE FEET OF COMMERCIAL RENTAL SPACE. AS OF DECEMBER, 2020 AND 2019, 668,394 AND 643,278, RESPECTIVELY, OF SQUARE FEET WERE LEASED. THE PROPERTY IS OWNED BY THE CITY OF NEW YORK, WHICH LEASES IT TO BROOKLYN NAVY YARD DEVELOPMENT CORPORATION ("BNYDC") WHICH IN TURN LEASES TO THE CORPORATION. THE CORPORATION SUBLETS THE SPACE TO COMMERCIAL TENANTS. THE CORPORATION IS A QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS IN ACCORDANCE WITH THE TERMS UNDER THE NEW MARKETS TAX CREDIT ("NMTC") PROGRAM PURSUANT TO SECTION 45D OF THE IRC. THE CORPORATION IS REQUIRED TO COMPLY WITH VARIOUS RULES AND REGULATIONS AND FAILURE TO COMPLY WITH THESE OR OTHER REQUIREMENTS COULD RESULT IN THE RECAPTURE OF NMTC ALREADY TAKEN BY THE MORTGAGE LENDERS AND POTENTIAL LOSS OF FUTURE NMTCS.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Wimal Ariyawansa | TREASURER, DIRECTOR | 5 | $0 |
| Wendy Rowden | DIRECTOR | 1 | $0 |
| Paul Kelly | SECRETARY, DIRECTOR | 5 | $0 |
| Julia Miller | VP, DIRECTOR | 5 | $0 |
| Johanna Greenbaum | PRESIDENT, DIRECTOR | 5 | $0 |
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public 990 form dataset) from:
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