2024-05-15T18:08:15-04:00 2023-06-30 273263553 GALLEROS ROBINSON 115 DAVIS STATION RD CREAM RIDGE NJ 08514 990 2022-07-01 454311936 SOUTH BROOKLYN RENEWAL HDFC SOUT 7182439301 201 COLUMBIA ST BROOKLYN NY 11231 VILMA HERAMIA EXECUTIVE DIRECTOR 0071824393 2024-05-15 VILMA HERAMIA 999009999 false LEONORA GALLEROS P00181670 6469210400 2024-05-15 2022 2023-04-26 12:10:37Z EXTENDED UNTIL MAY 15 2024 VILMA HERAMIA 322522 false X NONE X 2012 NY THE SOUTH BROOKLYN RENEWAL HDFC IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF OWNING, CONSTRUCTING, REHABILITATING, LEASING, MANAGING, EQUIPPING, MAINTAINING, DEVELOPING, AND OPERATING A HOUSING PROJECT FOR PERSONS OF LOW-INCOME WITHIN THE MEANING OF ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW. 3 3 9 3 0 99551 0 327291 321266 7017 0 1058 1256 434917 322522 0 0 65918 71620 0 0 360532 306863 426450 378483 8467 -55961 2539764 2463769 2681516 2661482 -141752 -197713 X THE SOUTH BROOKLYN RENEWAL HDFC (THE ORGANIZATION)IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF OWNING, CONSTRUCTING, REHABILITATING, LEASING, MANAGING, EQUIPPING, MAINTAINING, DEVELOPING, AND OPERATING A HOUSING PROJECT FOR PERSONS OF LOW-INCOME WITHIN THE MEANING OF ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW. false false 265768 322522 THE SOUTH BROOKLYN RENEWAL PROJECT WAS PART OF THE SECOND PHASE OF THE COLUMBIA STREET REVITALIZATION PROGRAM THAT WAS COMPLETED IN 1993. THE HDFC REHABILITATED SIX (6) BRICK-FRONT PROPERTIES TO CREATE 28 APARTMENTS FOR LOW-INCOME AND HOMELESS RESIDENTS, AND ONE COMMERCIAL SPACE SERVING AS COMMUNITY FACILITY. SINCE THEN AND DURING 2017, THE ORGANIZATION HAS PROVIDED HOUSING TO LOW-INCOME TENANTS. SOUTH BROOKLYN RENEWAL HDFC WAS REPOSITIONED ON JUNE 28, 2012. OWNERSHIP WAS TRANSFERRED FROM THE SOUTH BROOKLYN RENEWAL LIMITED PARTNERSHIP TO THE SOUTH BROOKLYN RENEWAL HOUSING DEVELOPMENT FUND CORPORATION, AN ENTITY 100% OWNED BY THE CARROLL GARDENS ASSOCIATION. 265768 true false false false false false false false false false true false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 1 0 true 9 true false false false false false false false false false false X 3 3 false true false false false false false true true false false true true true true true true false false false NY X X CONCORD MANAGEMENT OF NY 6314217371 1328 NEW YORK AVE HUNTINGTON STATION NY 11746 X VILMA HERAMIA EXECUTIVE DI 4.00 40.00 X 0 0 0 CYNTHIA GONZALEZ PRESIDENT 1.00 X X 0 0 0 BENJAMIN M LEVINE VICE PRESIDE 1.00 X X 0 0 0 VICTOR J PAPA TREASURER 1.00 X X 0 0 0 false false false RENT INCOME 531110 321266 321266 321266 MISCELLANEOUS INCOME 900099 1256 1256 1256 322522 322522 63561 53931 9630 8059 6850 1209 69081 69081 1037 1037 29416 29416 1722 1722 19514 19514 92763 92763 37228 37228 REPAIRS AND MAINTENANCE 35035 35035 MISCELLANEOUS 19578 17921 1657 CONCESSIONS 1489 1489 378483 265768 112715 0 2953 2266 67236 133417 9720 15072 2329600 845699 1480091 1483901 979764 829113 2539764 2463769 143191 122413 2379664 2379664 158661 159405 2681516 2661482 X -141752 -197713 -141752 -197713 2539764 2463769 -55961 X X false false X false X 99551 99551 283662 285267 327241 327291 321266 1544727 283662 285267 327241 426842 321266 1644278 1644278 3650 7017 10667 3650 7017 10667 33960 18256 1058 1256 54530 287312 319227 345497 434917 322522 1709475 0.96190 0.96220 0.01000 0.01000 X PART III, LINE 12 OTHER INCOME 54,530 2329600 845699 1483901 1483901 CAPITAL RESERVE 425194 DUE FROM AFFILIATES 330320 OPERATING RESERVE 56996 TENANT SECURITY DEPOSITS 16603 829113 DUE TO AFFILIATES 138439 TENANT SECURITY DEPOSITS 17014 DEFERRED REVENUE 3952 159405 X SCHEDULE D, PAGE 3, PART X THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. THE ORGANIZATION IS NO LONGER SUBJECT TO AUDITS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO 2020. FORM 990 - ORGANIZATION'S MISSION THE SOUTH BROOKLYN RENEWAL HDFC (THE ORGANIZATION)IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF OWNING, CONSTRUCTING, REHABILITATING, LEASING, MANAGING, EQUIPPING, MAINTAINING, DEVELOPING, AND OPERATING A HOUSING PROJECT FOR PERSONS OF LOW-INCOME WITHIN THE MEANING OF ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW. FORM 990, PAGE 6, PART VI, LINE 3 THE BOARD CONTRACTED CONCORD MANAGEMENT OF NY TO MANAGE THE RENTAL PROPERTY THROUGH A MANAGEMENT CONTRACT AGREEMENT. THE MANAGEMENT COMPANY REPORTS TO THE BOARD ON A MONTHLY BASIS. FORM 990, PAGE 6, PART VI, LINE 11B THE DRAFT FORM 990 IS INITIALLY PROVIDED TO THE MANAGING AGENT FOR REVIEW AND COMMENTS. ONCE REVIEWED AND COMMENTS ADDRESSED, THE DRAFT FORM 990 IN PAPER FORM IS THEN PROVIDED TO THE BOARD THROUGH THE PRESIDENT FOR REVIEW AND APPROVAL OF THE FULL-BOARD FOR FILING WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD MEMBERS ARE REQUIRED TO COMPLETE A DISCLOSURE OF ANY CONFLICT OF INTEREST OR POTENTIALLY A CONFLICT OF INTEREST. IF ANY, THE BOARD MEMBER WILL BE RECUSED FROM PARTICIPATING IN DISCUSSIONS AND VOTING ON MATTERS RELATED TO CONFLICT. FORM 990, PAGE 6, PART VI, LINE 18 THE HDFC'S FORM 990 IS AVAILABLE AT WWW.GUIDESTAR.ORG. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION WILL MAKE THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE MANAGING AGENT, CONCORD MANAGEMENT OF NY LOCATED AT 1328 NEW YORK AVE, HUNTINGTON STATION, NY 11746. FORM 990, PART XII FORM 990, PART XII, LINE 2B - REASON FOR NOT UNDERGOING AUDIT FINANCIAL STATEMENTS FOR FY 2023 ARE STILL IN PROGRESS. FORM 990, PAGE 12, PART XII, LINE 2C THERE WAS NO CHANGE FROM PRIOR YEAR.