Greenpoint Manufacturing And Design Center Local Development Corp Gmdc
Greenpoint Manufacturing And Design Center maintains strong asset growth and positive operating margins with no reported officer compensation.
EIN: 113132562 · Brooklyn, NY · NTEE: S400 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.8M |
| Total Expenses | $5.9M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $68 |
| Net Assets | $28.3M |
| Transparency Score | 85/100 |
Is Greenpoint Manufacturing And Design Center Local Development Corp Gmdc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greenpoint Manufacturing And Design Center Local Development Corp Gmdc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greenpoint Manufacturing And Design Center Local Development Corp Gmdc
Greenpoint Manufacturing And Design Center Local Development Corp Gmdc (EIN: 113132562) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code S400. The organization reported total revenue of $7.8M and total assets of $68.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greenpoint Manufacturing And Design Center Local Development Corp Gmdc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greenpoint Manufacturing And Design Center Local Development Corp Gmdc is a mid-size nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 12.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.5M |
| Total Expenses | $5.9M |
| Surplus / Deficit | +$571K |
| Total Assets | $68.2M |
| Total Liabilities | $39.9M |
| Net Assets | $28.3M |
| Operating Margin | 8.8% |
| Debt-to-Asset Ratio | 58.5% |
| Months of Reserves | 138.7 months |
Financial Health Grade: A
In 2023, Greenpoint Manufacturing And Design Center Local Development Corp Gmdc reported a surplus of $571K with revenue exceeding expenses, holds 138.7 months of operating reserves (strong position), has a debt-to-asset ratio of 58.5% (high leverage).
Financial Trends
Over 13 years of filings (2010–2023), Greenpoint Manufacturing And Design Center Local Development Corp Gmdc's revenue has grown at a compound annual growth rate (CAGR) of 12.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.5% | +12.0% | -3.7% |
| 2022 | -65.1% | -51.6% | +29.1% |
| 2021 | +200.2% | +138.9% | +0.6% |
| 2019 | -70.2% | -11.4% | +0.0% |
| 2018 | +362.3% | +23.4% | +2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Greenpoint Manufacturing And Design Center Local Development Corp Gmdc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Greenpoint Manufacturing And Design Center Local Development Corp Gmdc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $571K, with revenue exceeding expenses.
- Debt-to-asset ratio: 58.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity with assets exceeding $68 million and annual revenues often in the multi-millions. This suggests either a volunteer-led executive team or that executive compensation is categorized differently within the IRS 990, warranting further investigation for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Greenpoint Manufacturing And Design Center Local Development Corp Gmdc's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization of this scale, which may obscure actual executive remuneration.
Strengths
The following positive indicators were identified for Greenpoint Manufacturing And Design Center Local Development Corp Gmdc:
- Consistent asset growth, from $22.5M in 2013 to $68.2M in 2023, indicating strong financial management and capacity building.
- Generally positive operating margins, with revenues often exceeding expenses, demonstrating financial stability (e.g., $570,707 surplus in 2023).
- Strong solvency, with assets consistently well above liabilities across all reported periods (e.g., $68.2M assets vs. $39.9M liabilities in 2023).
Frequently Asked Questions about Greenpoint Manufacturing And Design Center Local Development Corp Gmdc
Is Greenpoint Manufacturing And Design Center Local Development Corp Gmdc a legitimate charity?
Based on AI analysis of IRS 990 filings, Greenpoint Manufacturing And Design Center Local Development Corp Gmdc (EIN: 113132562) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Greenpoint Manufacturing And Design Center Local Development Corp Gmdc spend its money?
Greenpoint Manufacturing And Design Center Local Development Corp Gmdc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greenpoint Manufacturing And Design Center Local Development Corp Gmdc tax-deductible?
Greenpoint Manufacturing And Design Center Local Development Corp Gmdc is registered as a tax-exempt nonprofit (EIN: 113132562). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Greenpoint Manufacturing And Design Center Local Development Corp Gmdc CEO make?
Greenpoint Manufacturing And Design Center Local Development Corp Gmdc's highest-compensated officer earns $68 annually. The organization reported $7.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Greenpoint Manufacturing And Design Center Local Development Corp Gmdc's spending goes to programs?
Greenpoint Manufacturing And Design Center Local Development Corp Gmdc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Greenpoint Manufacturing And Design Center Local Development Corp Gmdc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Greenpoint Manufacturing And Design Center Local Development Corp Gmdc is above average for NTEE category S400 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Greenpoint Manufacturing And Design Center Local Development Corp Gmdc located?
Greenpoint Manufacturing And Design Center Local Development Corp Gmdc is headquartered in Brooklyn, New York and files with the IRS under EIN 113132562. It is classified under NTEE code S400.
How many years of IRS 990 filings does Greenpoint Manufacturing And Design Center Local Development Corp Gmdc have?
Greenpoint Manufacturing And Design Center Local Development Corp Gmdc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $7.8M in total revenue.
Is Greenpoint Manufacturing And Design Center Local Development Corp Gmdc a good charity?
Based on its financial health, consistent asset growth from $22.5M in 2013 to $68.2M in 2023, and generally positive operating margins, GMDC appears to be a financially sound organization. The reported 0% officer compensation is a notable point, suggesting high efficiency or an alternative compensation structure.
How does GMDC manage its executive compensation?
GMDC consistently reports 0% officer compensation on its IRS 990 filings. This is highly unusual for an organization of its size and financial activity, suggesting that executive leadership may be volunteer-based or compensated through other means not classified as 'officer compensation' on the form.
What is the trend in GMDC's revenue and expenses?
GMDC's revenue has been volatile, with significant peaks such as $16.2M in 2018 and $14.5M in 2021, and lower points like $3.5M in 2017. Expenses generally track revenue, with the organization often operating with a surplus, for example, $570,707 in 2023 ($6,472,967 revenue vs. $5,902,260 expenses).
Filing History
IRS 990 filing history for Greenpoint Manufacturing And Design Center Local Development Corp Gmdc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2023), Greenpoint Manufacturing And Design Center Local Development Corp Gmdc's revenue has grown by 363.6%, moving from $1.4M to $6.5M. Total assets increased by 355.4% over the same period, from $15.0M to $68.2M. Total functional expenses rose by 161.3%, from $2.3M to $5.9M. In its most recent filing year (2023), Greenpoint Manufacturing And Design Center Local Development Corp Gmdc reported a surplus of $571K, with revenue exceeding expenses. The organization holds $39.9M in liabilities against $68.2M in assets (debt-to-asset ratio: 58.5%), resulting in net assets of $28.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.5M | $5.9M | $68.2M | $39.9M | — | — |
| 2022 | $5.1M | $5.3M | $70.9M | $42.2M | — | View 990 |
| 2021 | $14.5M | $10.9M | $54.9M | $31.1M | — | View 990 |
| 2019 | $4.8M | $4.6M | $54.6M | $34.8M | — | View 990 |
| 2018 | $16.2M | $5.1M | $54.6M | $34.8M | — | View 990 |
| 2017 | $3.5M | $4.2M | $53.1M | $44.4M | — | View 990 |
| 2016 | $3.4M | $4.1M | $32.9M | $23.5M | — | View 990 |
| 2015 | $14.2M | $8.7M | $32.9M | $22.7M | — | View 990 |
| 2014 | $6.5M | $2.8M | $24.0M | $16.5M | — | View 990 |
| 2013 | $2.1M | $3.0M | $22.6M | $18.8M | — | View 990 |
| 2012 | $3.2M | $2.5M | $18.6M | $14.0M | — | View 990 |
| 2011 | $2.0M | $2.5M | $14.7M | $10.6M | — | View 990 |
| 2010 | $1.4M | $2.3M | $15.0M | $10.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.5M, expenses of $5.9M, and assets of $68.2M (revenue +27.5% year-over-year).
- 2022: Revenue of $5.1M, expenses of $5.3M, and assets of $70.9M (revenue -65.1% year-over-year).
- 2021: Revenue of $14.5M, expenses of $10.9M, and assets of $54.9M (revenue +200.2% year-over-year).
- 2019: Revenue of $4.8M, expenses of $4.6M, and assets of $54.6M (revenue -70.2% year-over-year).
- 2018: Revenue of $16.2M, expenses of $5.1M, and assets of $54.6M (revenue +362.3% year-over-year).
- 2017: Revenue of $3.5M, expenses of $4.2M, and assets of $53.1M (revenue +3.6% year-over-year).
- 2016: Revenue of $3.4M, expenses of $4.1M, and assets of $32.9M (revenue -76.2% year-over-year).
- 2015: Revenue of $14.2M, expenses of $8.7M, and assets of $32.9M (revenue +118.8% year-over-year).
- 2014: Revenue of $6.5M, expenses of $2.8M, and assets of $24.0M (revenue +215.6% year-over-year).
- 2013: Revenue of $2.1M, expenses of $3.0M, and assets of $22.6M (revenue -34.7% year-over-year).
- 2012: Revenue of $3.2M, expenses of $2.5M, and assets of $18.6M (revenue +59.9% year-over-year).
- 2011: Revenue of $2.0M, expenses of $2.5M, and assets of $14.7M (revenue +41.4% year-over-year).
- 2010: Revenue of $1.4M, expenses of $2.3M, and assets of $15.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greenpoint Manufacturing And Design Center Local Development Corp Gmdc:
Data Sources and Methodology
This transparency report for Greenpoint Manufacturing And Design Center Local Development Corp Gmdc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.