EIN 47-2526419

Building 77 Qalicb

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2014
Most recent tax filings
2023-12-01
Description
Building 77 Qalicb, Inc. organizes as a nonprofit corporation with the mission to support Brooklyn Navy Yard Development Corporation in promoting local economic development and job creation in the Brooklyn borough of New York City through the rehabilitation and operation of a commercial property located in Brooklyn. The property includes one building and serves as a supporting organization to BNYDC for developing underutilized areas of the Brooklyn Navy Yard.
Related structure
Building 77 Qalicb is a subordinate organization under Brooklyn Navy Yard Development Corporation (BNYDC).
Total revenues
$15,225,749
2023
Total expenses
$23,828,970
2023
Total assets
$182,736,898
2023
Num. employees
0
2023

Program areas at Building 77 Qalicb

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, 2023 and 2022, 668,394 and 668,394, 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.

Personnel at Building 77 Qalicb

NameTitleCompensation
Lindsay GreenePresident and Chief Executive Officer
Wimal AriyawansaTreasurer , Director$0
Carmine StabileOperations , Senior Vice President
Ari SchneidermanTechnology, Senior Vice President
Matt HarrisonDevelopment , Senior Vice President
...and 12 more key personnel

Financials for Building 77 Qalicb

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$15,140,818
Investment income and dividends$10,102
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$74,829
Total revenues$15,225,749

Form 990s for Building 77 Qalicb

Fiscal year endingDate received by IRSFormPDF link
2023-122024-04-01990View PDF
2022-122023-06-15990View PDF
2021-122022-07-18990View PDF
2020-122021-05-28990View PDF
2019-122020-10-16990View PDF
...and 5 more Form 990s
Data update history
May 20, 2024
Posted financials
Added Form 990 for fiscal year 2023
October 7, 2023
Updated personnel
Identified 13 new personnel
August 21, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 3, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 27, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Business and community development organizationsReal estate organizationsChapter / child organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelTax deductible donationsNo full-time employees
General information
Address
141 Flushing Ave 801
Brooklyn, NY 11205
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
Kings County, NY
Website URL
brooklynnavyyard.org/ 
Phone
(718) 907-5900
IRS details
EIN
47-2526419
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2014
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
5313: Real Estate Services
Parent/child status
Subordinate organization
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