Brooklyn Navy Yard Development Corporation

Organization Overview

Brooklyn Navy Yard Development Corporation is located in Brooklyn, NY. The organization was established in 1982. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Brooklyn Navy Yard Development Corporation employed 340 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brooklyn Navy Yard Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Brooklyn Navy Yard Development Corporation generated $68.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $79.4m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Brooklyn Urban Partners Llc
Construction Services
$10,220,062
Velocity Architectural Services Pllc
Architectural Services
$199,304
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $9,792,385
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$9,792,385
Total Program Service Revenue$53,331,236
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $12,250
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $68,378,369

Grants Recieved

Over the last fiscal year, we have identified 12 grants that Brooklyn Navy Yard Development Corporation has recieved totaling $968,500.

Awarding OrganizationAmount
Tiger Foundation

New York, NY

PURPOSE: THE BROOKLYN STEAM CENTER

$225,000
New Schools Fund

Oakland, CA

PURPOSE: INNOVATIVE SCHOOLS

$215,000
Tiger Foundation

New York, NY

PURPOSE: THE BROOKLYN STEAM CENTER

$125,000
Solon E Summerfield Foundation Inc

Bethesda, MD

PURPOSE: PROGRAM SUPPORT - STEAM CENTER

$75,000
Pinkerton Foundation

New York, NY

PURPOSE: CAREER READINESS

$75,000
Robin Hood Foundation

New York, NY

PURPOSE: POVERTY RELIEF

$75,000
View Grant Recipient Profile

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