Charity Search / GREENPOINT MANUFACTURING AND DESIGN CENTER LOCAL DEVELOPMENT CORP GMDC
Community Improvement (S400) 990 on File

GREENPOINT MANUFACTURING AND DESIGN CENTER LOCAL DEVELOPMENT CORP GMDC

EIN: 11-3132562 · BROOKLYN, NY 11222-6102 · United States · FY 2024 Data
3 out of 5 59 / 100 Based on 2+ years of filings
Financial strength (30%) 90/100
Reliability (20%) 55/100
Effectiveness (25%) 85/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$7.8M
Total Revenue
$6.3M
Total Expenses
$29.7M
Net Assets
25
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 88.0%
Fundraising Efficiency N/A
Operating Reserve 56.68x
Liability-to-Asset 56.5%
Revenue Diversification 58.2%
Executive Compensation $793K
Compared with Peers
FY 2024
Compared with 1,625 similar organizations (United States, Community Improvement, $1M–$10M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
88.0% 85.2%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
10.3% 11.8%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
1.7% 0.1%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
56.7 mo 9.7 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
56.5% 21.0%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
58.2% 90.7%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
19.9% 8.8%
P10P90
Expense growth
Year over year expense growth
6.7% 10.1%
P10P90
Surplus margin
Surplus as a share of revenue
18.9% 1.6%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $7.8M $6.3M $29.7M 88.0% 25
2023 $6.5M $5.9M $28.3M 87.7% 27
2022 $5.1M $5.3M $28.7M 89.0% 22
2021 $14.5M $10.9M N/A 23
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Organization Details
EIN
11-3132562
State
NY
City
BROOKLYN
ZIP
11222-6102
Classification
S400
Category
Community Improvement
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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