2024-01-15T09:00:20-06:00 2023-06-30 872525370 CITRIN COOPERMAN ADVISORS LLC 100 JERICHO QUADRANGLE SUITE 342 JERICHO NY 11753 990 2022-07-01 132679033 GRAND STREET GUILD HDFC INC C/O COMERFORD & DOUGHERTY LLP GRAN 5162484817 1122 FRANKLIN AVENUE SUITE 406 GARDEN CITY NY 11530 KEVIN CRONIN PRESIDENT 5162484817 2024-01-15 1 KEVIN CRONIN 000000000 1 AMANDA ADAMS P00748038 5169313100 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z KEVIN CRONIN 1122 FRANKLIN AVENUE SUITE 406 GARDEN CITY NY 11530 11360136 0 X N/A X 1970 NY TO PROVIDE RENTAL APARTMENTS FOR PERSONS WITH VERY LOW INCOME. 10 10 26 0 0 0 0 0 10441960 11312396 90937 47740 0 0 10532897 11360136 0 3263750 0 0 774554 851610 0 0 0 7190868 7520454 7965422 11635814 2567475 -275678 33829247 32366704 60079087 58902926 -26249840 -26536222 TO PROVIDE RENTAL APARTMENTS FOR PERSONS WITH VERY LOW INCOME. 0 0 7543030 11312396 THE CORPORATION OWNS AND OPERATES 200 RENTAL APARTMENTS FOR PERSONS WITH VERY LOW INCOME. 3263750 3263750 DURING THE YEAR, THE ORGANIZATION DISTRIBUTED FUNDS FROM AVAILABLE SURPLUS CASH TO AN AFFILIATED 501(C)(3) ORGANIZATION, TO BE USED FOR THE DEVELOPMENT OF AFFORDABLE HOUSING AND RELATED SERVICES. 10806780 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 1 26 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X THE WAVECREST MANAGEMENT TEAM 7184361200 87-14 116TH STREET RICHMOND HILL NY 11418 X MR KEVIN CRONIN PRESIDENT 2.00 4.00 X X 0 0 0 MR ANGEL GARCIA DIRECTOR 2.00 4.00 X 0 0 0 MS DEBORAH PRESTI-ESCHEN DIRECTOR 2.00 4.00 X 0 0 0 MR ANGEL DIAZ DIRECTOR 2.00 4.00 X 0 0 0 MR JEFF SCHMONES DIRECTOR 2.00 4.00 X 0 0 0 MS CATHERINE GUERRIERO DIRECTOR 2.00 4.00 X 0 0 0 MS LARISSA REYES DIRECTOR 2.00 4.00 X 0 0 0 MS ALICIA CARMONA DIRECTOR 2.00 4.00 X 0 0 0 MSGR KEVIN NELAN DIRECTOR / SECRETARY / TREASURER 2.00 4.00 X X 0 0 0 REV EDWARD BYRNE DIRECTOR 2.00 4.00 X 0 0 0 0 0 0 0 0 0 0 WAVECREST MANAGEMENT TEAM LTD 87-14 116TH STREET RICHMOND HILL NY 11418 MANAGEMENT 580050 DEFENDER SECURITY SERVICES INC 110-11 72ND AVENUE SUITE 1F FOREST HILLS NY 11375 SECURITY 472673 NYC MESH C/O BRIAN HALL 91 E 3RD STREET AP NEW YORK NY 10003 INTERNET AND WIRELESS MAINTENANCE 253000 CITYWIDE INTERIOR LLC 17 HOMESTEAD CIRCLE MARLBORO NJ 07746 CONSTRUCTION 203655 ISUPPLY SOLUTIONS LLC 5314 16TH AVENUE SUITE 165 BROOKLYN NY 11204 REPAIRS & MAINTENANCE 106261 6 RENTAL INCOME 531110 10240989 10240989 LEASE TERMINATION FEE 531390 1071407 1071407 11312396 47740 47740 11360136 11312396 0 47740 3263750 3263750 579405 487342 92063 44236 44236 174412 139671 34741 53557 45047 8510 553801 553801 119077 119077 52932 52932 502444 502444 126162 67650 58512 3249220 3249220 1319456 1319456 1335239 1335239 6316 6316 BAD DEBTS 225733 225733 PERMITS AND OTHER FEES 3240 3240 OTHER RENTING EXPENSE 175 175 26659 4500 22159 11635814 10806780 829034 0 4441441 2002853 1928381 2489884 324805 352131 1321401 863482 43087400 19151349 25070562 23936051 583389 2614892 159268 107411 33829247 32366704 552404 624270 50513 46125 59411049 58164681 65121 67850 60079087 58902926 X -26249840 -26536222 -26249840 -26536222 33829247 32366704 -275678 -10704 0 X 0 1 X 1 1 1 X 9156626 9244583 10542740 10441960 11312396 50698305 9156626 9244583 10542740 10441960 11312396 50698305 0 0 0 50698305 77756 45105 39899 18901 47740 229401 77756 45105 39899 18901 47740 229401 9234382 9289688 10582639 10460861 11360136 50927706 0.99550 0.99540 0.00450 0.00460 X 119657 119657 42062562 18520731 23541831 905181 630618 274563 23936051 TENANTS' SECURITY DEPOSITS 67850 67850 X 11373960 13824 13824 11360136 0 11360136 11660342 10704 13824 24528 11635814 0 11635814 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE EVALUATION OF THE TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE CORPORATION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE LIKELY THAN NOT SUSTAINABLE UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE TAX POSITIONS, AND THEN RECOGNIZING THE TAX BENEFIT THAT IS MORE LIKELY THAN NOT REALIZABLE. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE IN THE CURRENT REPORTING PERIOD. MANAGEMENT BELIEVES ANY SUCH POSITIONS WOULD BE IMMATERIAL TO THE OVERALL FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ADMINISTRATIVE RENT-FREE UNIT 13,824. PART XII, LINE 2D - OTHER ADJUSTMENTS: ADMINISTRATIVE RENT-FREE UNIT 13,824. 1 GRAND STREET NORTHWEST INC 1122 FRANKLIN AVENUE STE 406 GARDEN CITY NY 11530 475484832 501(C)(3) 3263750 0 SUPPORT DEVELOPMENT OF AFFORDABLE HOUSING AND RELATED SERVICES 1 0 PART I, LINE 2: THE ORGANIZATION ONLY MAKES GRANTS TO AFFILIATED ORGANIZATIONS. THE CLOSE RELATIONSHIP BETWEEN THE ORGANIZATIONS SERVES TO MONITOR THE USE OF THE FUNDS FOR THEIR INTENDED PURPOSES. FORM 990, PART VI, SECTION A, LINE 3 WAVECREST MANAGEMENT TEAM LTD. ("MANAGEMENT COMPANY") PLANS AND EXECUTES THE BUDGET OF GRAND STREET GUILD HDFC INC. AND MONITORS ITS FINANCIAL OPERATIONS. THEY ALSO PROVIDE MANAGEMENT REPORTS FOR THE BOARD REVIEW. NO OFFICERS OR DIRECTORS WERE COMPENSATED BY THE MANAGEMENT COMPANY OR COMPANIES OR OTHER PERSON(S) FOR SERVICES PROVIDED TO THE FILING ORGANIZATION OR RELATED ORGANIZATIONS DURING 2022. FORM 990, PART VI, SECTION B, LINE 11B A TENTATIVE DRAFT OF THE FORM 990 (BEFORE IT IS FINALIZED AND SENT TO IRS) IS SENT TO THE ORGANIZATION'S LEGAL COUNSEL VIA EMAIL, WHO REVIEWS AND DISCUSSES THE RETURN WITH THE GOVERNING BODY ALONG WITH THE UNDERLYING FINANCIAL STATEMENTS. ANY SUGGESTED CHANGES OR COMMENTS AND QUESTIONS ARE THEN DISCUSSED WITH THE CPA BY A CONFERENCE CALL. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, DIRECTOR OR TRUSTEE IS REQUIRED TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICTS IN A BOARD MEETING. IF AN ITEM OF CONFLICT COMES TO SURFACE, THE BOARD DISCUSSES AND VOTES ON IT BEFORE AWARDING ANY CONTRACTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ETC. ARE MADE AVAILABLE TO PUBLIC UPON REQUEST. THE COPIES OF THESE DOCUMENTS ARE KEPT AT THE MANAGING AGENT'S OFFICE AND ONCE REQUESTED, THE AGENT WILL MAIL SUCH COPIES BY REGULAR MAIL. GRAND STREET GUILD EAST HDFC INC 1122 FRANKLIN AVENUE SUITE 406 GARDEN CITY NY 11530 132679032 LOW-INCOME HOUSING NY 501(C)(3) LINE 10 N/A 0 SOUTHEAST GRAND STREET GUILD HDFC INC 1122 FRANKLIN AVENUE SUITE 406 GARDEN CITY NY 11530 132679034 LOW-INCOME HOUSING NY 501(C)(3) LINE 10 N/A 0 ATTORNEY STREET DEVELOPMENT INC 1122 FRANKLIN AVENUE SUITE 406 GARDEN CITY NY 11530 464832959 HOUSING FOR LOW/MODERATE INCOME, ELDERLY, AND HANDICAPPED PERSONS NY 501(C)(3) LINE 12A, I N/A 0 GRAND STREET NORTHWEST INC 1122 FRANKLIN AVENUE SUITE 406 GARDEN CITY NY 11530 475484832 HOUSING FOR LOW/MODERATE INCOME, ELDERLY, AND HANDICAPPED PERSONS NY 501(C)(3) LINE 12A, I N/A 0 NEW YORK INSTITUTE FOR HUMAN DEVELOPMENT 80 MAIDEN LANE 13TH FLOOR NEW YORK NY 10038 132572413 MANAGE AND OVERSEE AFFORDABLE HOUSING PROJECTS NY 501(C)(3) LINE 7 N/A 0 ASSOCIATION OF NEW YORK CATHOLIC HOMES 80 MAIDEN LANE 13TH FLOOR NEW YORK NY 10038 201234069 PROTECT, PRESERVE, AND DEVELOP AFFORDABLE HOUSING NY 501(C)(3) LINE 1 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0