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BROOKLYN NAVY YARD DEVELOPMENT CORP

BROOKLYN, NY · EIN 112137138 · Form 990 · FY2024 · NTEE S200 · Community Improvement · Very Large (>$50M) · brooklynnavyyard.org
revenue
$157.2M
expenses
$96.7M
net assets
$453.9M
employees
402
volunteers
27
program ratio
77%
mission · from form 990

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.

profile · synthesized from sources

BROOKLYN NAVY YARD DEVELOPMENT CORP manages the 300-acre Brooklyn Navy Yard on behalf of the City of New York, fostering urban industrial development and job creation. It supports over 550 businesses and more than 13,000 employees through real estate development, infrastructure investment, and workforce programs. The organization promotes economic opportunity by connecting local communities with employment and business growth while preserving the site’s historic legacy.

named programs · 5 · from sources

What they call their work

Brooklyn Navy Yard: Past, Present & Future
Permanent exhibition at Building 92 detailing the Yard’s history from 1801 to its current role as an industrial innovation hub, housed in the historic Marine Commandant’s Residence.
Market @77 Food Hall
A food hall in Building 77 featuring local vendors such as Russ & Daughters, Pizza Yard, and Transmitter Brewing, supporting small culinary businesses and offering community access to food and retail.
Naval Cemetery Landscape
A public green space offering a natural oasis with native flora and fauna, providing passive recreation and environmental education opportunities.
Public Art and Exhibitions Program
Curates rotating public art installations and exhibitions like “Shaping a Living” and “Brooklyn: Layered Lenses” to engage the public and highlight local artists and Yard-based makers.
Workforce Development and Employment Center
On-campus center providing hiring, training, and workforce development support to connect local residents with jobs at Yard-based businesses.
activities · 10 groups

What they do

  • Community-Engaged Public Art Projects 1 activity
    • Hosts arts, culture, and community events
      Hosts robust arts and culture events, exhibitions, and public art installations such as "BUILD THE FUTURE," "BROOKLYN: LAYERED LENSES," and student artwork displays. Organizes community experiences like BE HELD for Black and Latina women and hosts large-scale outdoor festivals and small gatherings at Buildings 77 and 92.
  • Urban Resilience Planning & Advocacy 1 activity
    • Implements climate resilience and sustainable operations
      Created a resilience strategy to protect the Brooklyn Navy Yard from climate change impacts and implements sustainable practices in infrastructure development and daily operations.
  • Business Improvement District Management 1 activity
    • Manages and develops industrial infrastructure at the Brooklyn Navy Yard
      Manages the Brooklyn Navy Yard for the City of New York, developing 5.1 million square feet of vertical manufacturing space and providing leased spaces for creative offices, manufacturing, artist studios, labs, and retail. Supports over 550 businesses that employ more than 13,000 people and generate over $2.5 billion in annual economic impact.
  • Research Facility Management 1 activity
    • Operates Yard Labs technology testbed program
      Runs Yard Labs, a 300-acre urban testbed in New York City that enables emerging technology companies to validate products and collect data in a real-world industrial environment.
  • Guided Historic Site Tours 1 activity
    • Operates public tours and educational programming
      Offers guided walking tours on history, architecture, infrastructure, World War II, and urban ecology at the Brooklyn Navy Yard. Operates public tours at Building 77 and Building 92 featuring Brooklyn-made food and modern manufacturing demonstrations.
  • Shared Kitchen Incubator for Food Entrepreneurs 1 activity
    • Operates retail and food service incubator programs
      Runs a rotating retail incubator program offering affordable space and support to small, women-, and minority-owned businesses. Curates products from emerging BIPOC brands and operates Market @77, a food hall featuring diverse vendors and on-site wholesale production.
  • Workforce Readiness Training 1 activity
    • Operates workforce development and job placement programs
      Offers workforce development, hiring, and training support through an on-campus Employment Center. Provides job placement services including resume and interview preparation, career readiness workshops, paid internships, and hands-on training programs for high-demand industries.
  • Local History Archival Access 1 activity
    • Preserves and provides access to historical archives
      Maintains a digital library with over 10,000 photographs, architectural plans, artifacts, ephemera, and the complete run of the Shipworker newspaper. Provides research support and copies of archival materials for construction, scholarship, and public study.
  • Local Business Financing and Incentives 1 activity
    • Provides economic development and business support services
      Offers economic development incentives to businesses establishing or expanding operations at the Brooklyn Navy Yard. Provides support and expansion opportunities for minority- and women-owned businesses, including access to development and construction opportunities within the Yard.
  • Uncategorized 1 activity
    • Provides transportation and campus accessibility services
      Operates a free weekday shuttle service connecting the Brooklyn Navy Yard to DUMBO and Atlantic Terminal transit hubs, maintains Citi Bike stations, and hosts the NYC Ferry's Astoria Route at Dock 72. Also provides a free private shuttle connecting to MTA subway hubs.
financials · form 990 · fy2024
revenue
Total revenue$157.15M
Contributions & grants$82.22M52%
Program service revenue$67.46M43%
Investment income$2.82M2%
Other revenue$4.65M
expenses
Total expenses$96.75M
Program expenses77%
Admin / overhead23%
Fundraising0%
Salaries & benefits$29.49M
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$1.08B
Cash$11.09M
Investments$157.81M
Liabilities$630.10M
Net assets$453.91M
Liquid reserves20.9 mo
6 years on record · 2019–2024 · YoY revenue +21.3%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 19
NameTitleHours/wkCompensation
LINDSAY GREENE PRESIDENT AND CEO 35 $400K
WIMAL ARIYAWANSA CFO AND EVP 35 $370K
SHANNY SPRAUS-REINHARDT CHIEF IMPACT OFFICER & EVP 35 $354K
GBENGA DAWODU CREO (TERM 04/11/25) 35 $343K
NASER GJELOSHI EVP AND COO 35 $322K
PAUL KELLY GEN. COUNSEL AND EVP 35 $321K
BRIAN DREW LINETT SR. VP, CONTROLLER 35 $292K
CARMINE A STABILE SVP, OPS & INFRA 35 $288K
SUSIE KIM DEPUTY GENERAL COUNSEL 35 $285K
MATTHEW HARRISON SR. VP, DEVELOPMENT 35 $283K
SIMONE ROBINSON-BARNETT SR. VP, PROPERTY MANAGEMENT 35 $274K
SHANI LEIBOWITZ SR. VP, PLANNING & TRANS. 35 $271K
JOSEPH AARON COLISTA SR.VP, LEASING 35 $268K
HAMZA TAIPOVIC CHIEF ENGINEER 35 $264K
KERRY A KEEGAN SR. VP, DESIGN & CONSTRUCTION 35 $259K
JOHN COBURN VP, LEAD ARCHITECT 35 $251K
ARI SCHNEIDERMAN SR. VP, TECHNOLOGY 35 $251K
JOYCE DIVERCE SVP OF IMPACT & PARTNERSHIPS 35 $248K
MINDEN KOOPMANS CHIEF OF STAFF 35 $230K
board members · 6
  • ADAM FREIDMAN — BOARD MEMBER
  • ALEXANDER NOJOVITS — BOARD MEMBER
  • AMANI MARTIN — BOARD MEMBER (OUTGOING)
  • BILL D TURNER — BOARD MEMBER (OUTGOING)
  • BLAKE FOOTE — BOARD MEMBER
  • CAMILLE HASTICK — BOARD MEMBER
relationships · 28

Who they work with

  • Brooklyn Navy Yard Network — Yard Labs operates as part of the Brooklyn Navy Yard’s ecosystem to support technology piloting and commercialization.
  • Building 77 Partner — Collaborates on public programming including tours and food offerings.
  • Building 92 Partner — Collaborates on public programming including tours and demonstrations of modern manufacturing.
  • Citi Bike Partner — Operates bike-sharing stations within and around the Brooklyn Navy Yard.
  • City of New York Government — Manages the Brooklyn Navy Yard on behalf of the City of New York.
  • City of New York Government — Owner of the Brooklyn Navy Yard; BNYDC serves as its real estate developer and property manager.
  • CityMD Urgent Care Partner — Provides urgent care services on campus at the Brooklyn Navy Yard
  • Community organizations Partner — Partners with community organizations to strengthen local talent pipelines and connect job seekers with employment opportunities at the Brooklyn Navy Yard.
  • Jalapa Jar Partner — Hosts Jalapa Jar as a vendor in Market @77, where it operates a retail front and produces salsas for wholesale distribution.
  • Library of Congress Partner — Collaborates on archival holdings, with materials in the BNYDC Archives citing collections at the Library of Congress as source.
  • MTA Government — MTA bus lines provide service to and around the Brooklyn Navy Yard.
  • NYC Ferry Government — Provides ferry service via the Astoria Route to Dock 72 in the Brooklyn Navy Yard.
  • Open Market Partner — Collaborates with Open Market to curate and rotate products from emerging BIPOC brands at the Yard Opportunity Shop.
  • Pizza Yard Partner — Hosts Pizza Yard as a vendor in Market @77, offering Neapolitan-style pizza and breakfast items.
  • Pizza Yard Partner — Operates a food service location within The Market @77 food hall at the Brooklyn Navy Yard
  • Pratt Institute Partner — Collaborated on the public art installation "BROOKLYN: LAYERED LENSES" at Building 92.
  • Professional industry associations Partner — Works with professional industry associations to align training and workforce development with industry standards and employer needs.
  • Russ & Daughters Partner — Hosts Russ & Daughters as a vendor in Market @77, featuring its appetizing counter, bakery, and serving as a hub for nationwide shipping.
  • Russ & Daughters Partner — Operates a food service location within The Market @77 food hall at the Brooklyn Navy Yard
  • Rustik Tavern Partner — Hosts Rustik Tavern as a vendor in Market @77, offering American comfort food.
  • Rustik Tavern Partner — Operates a food service location within The Market @77 food hall at the Brooklyn Navy Yard
  • Sabor Partner — Hosts Sabor Restaurant and Bakery as a vendor in Market @77, serving Colombian and Dominican cuisine.
  • Schools Partner — Collaborates with schools to prepare students for careers through internships, training programs, and workforce development initiatives.
  • She Wolf Bakery Partner — Hosts She Wolf Bakery as a vendor in Market @77, producing baked goods from organic regional grains.
  • Transmitter Brewing Partner — Hosts Transmitter Brewing as a vendor in Market @77, where it manufactures craft beer on-site and offers retail sales.
  • Turnstile Tours Partner — Partner organization that operates and manages public tours at the Brooklyn Navy Yard.
  • WXY Studio Partner — Provided renderings for the Brooklyn Navy Yard master plan.
  • Wegmans Partner — Hosts an on-campus Wegmans grocery store as part of the Brooklyn Navy Yard's retail and amenity offerings
strategies · 4

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Economic Inclusion Through Targeted Business Incubation
    methodology: retail_incubator
    By lowering barriers to entry for small, women-, and minority-owned businesses via affordable retail incubator spaces and operational support, the organization stimulates equitable entrepreneurship because reduced financial and logistical hurdles enable historically excluded groups to launch and scale ventures.
  • Industrial Job Pathways for Inclusive Growth
    methodology: industrial-job-pathways
    By fostering urban industrial development and creating career-pathway jobs in manufacturing, the organization produces inclusive economic growth because stable, sector-specific employment enables diverse New Yorkers—particularly from underrepresented communities—to access long-term economic mobility.
  • Urban Testbed for Civic Technology Commercialization
    methodology: urban-testbed commercialization
    By operating the Brooklyn Navy Yard as a real-world urban testbed, the organization accelerates the adoption of civic-minded technologies because startups gain critical market validation through live data collection and user feedback in an authentic industrial environment.
  • Workforce Intermediary Model
    methodology: workforce_intermediary
    By aligning employer talent demands with local job seekers through partnerships with community organizations and training providers, the organization increases employment placement and retention because it bridges structural gaps between hiring businesses and underrepresented workers.