Gmdc Philadelphia

Nonprofit profile at a glance

EIN
275244592
IRS 990 coverage
2013–2025
Forms available
Form 990 2025, Form 990-EZ 2016, Form 990-N 2024
Location
Brooklyn, NY, USA
Phone
7183833935
Rating
39
Verdict
REVIEW
Rating confidence
Moderate
Sector
Health Support Services

Official website

Reported finances

Revenue
$54,343
Expenses
$5,342
Assets
$7,242,727
Liabilities
$7,588,724

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • BRIAN T COLEMAN (PRESIDENT)

Highest reported compensation

  • BRIAN T COLEMAN (PRESIDENT): $593,043 total reported compensation
  • MICHAEL CAVAGNARO (CFO): $281,552 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Gmdc philadelphia was formed to manage the jasper street property in philadelphia.

What it reported doing in 2025

Leased and managed an industrial building while providing additional services to small businesses in the distressed communities through the provision of hard to find affordable manufacturing space, gmdc philadelphia's building is a haven for small business - and the jobsthey create - in disadvantaged neighborhoods.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 60
  • Accountability: 79
  • Sustainability: 76
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 80%; rating input score 80; 26th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 90.2%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 1,355.81; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 1.05; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 1,764%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -11.7% per year; rating input score 0; 25th percentile among comparable filings
  • Revenue growth: -0.9% per year; rating input score 0; 53rd percentile among comparable filings
  • Asset growth: 43% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 4 of 5 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $593K · 6 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 15 of 15 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 4 filing years from 2013 to 2025
  • Contacts: How to reach this organization
  • Related organizations: 7 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Officer compensation ratio scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.