2024-10-08T18:11:31-04:00 2023-12-31 273263553 GALLEROS ROBINSON 115 DAVIS STATION RD CREAM RIDGE NJ 08514 990 2023-01-01 800818949 GREGENE HOUSING DEVELOPMENT FUND CORPORATION GREG 2126655500 230 KINGSTON AVENUE BROOKLYN NY 11213 VAL HENRY EXECUTIVE DIRECTOR 2126655500 2024-09-24 true LEONORA GALLEROS P00181670 6469210400 2024-10-08 2023 2024-10-15 13:58:12Z VAL HENRY 376891 false X N/A X 2012 NY GREGENE HOUSING DEVELOPMENT FUND CORPORATION (THE "CORPORATION") HAS BEEN ORGANIZED EXCLUSIVELY TO ASSIST THE ACQUISITION AND OPERATION, ON A NONPROFIT BASIS, OF A HOUSING PROJECT FOR PERSONS OF LOW INCOME. 12 12 0 12 0 0 352826 359573 2080 5882 3133 11436 358039 376891 0 0 60420 71753 0 0 354791 399624 415211 471377 -57172 -94486 2096629 1991291 2762956 2752104 -666327 -760813 GREGENE HOUSING DEVELOPMENT FUND CORPORATION (THE "CORPORATION") HAS BEEN ORGANIZED EXCLUSIVELY TO ASSIST THE ACQUISITION AND OPERATION, ON A NONPROFIT BASIS, OF A HOUSING PROJECT FOR PERSONS OF LOW INCOME. false false 416065 371009 THE CORPORATION CONTINUED TO PROVIDE HOUSING TO LOW-INCOME TENANTS IN ITS 34 APARTMENTS HOUSED IN FOUR MULTI-STORY BUILDINGS (THE "PROJECT"). SINCE THE PROJECT WAS DEVELOPED THROUGH PROCEEDS OF LONG-TERM LOANS UNDER THE ARTICLE VIII OF THE PRIVATE HOUSING FINANCE LAW OF THE STATE OF NEW YORK AND CITY OF NEW YORK HOUSING PRESERVATION AND DEVELOPMENT (HPD), THE CORPORATION CONTINUES TO OPERATE, MAINTAIN AND MANAGE THE PROJECT IN ACCORDANCE WITH THE REQUIREMENTS OF HPD, SPECIFICALLY IN TERMS OF ADMITTING ELIGIBLE TENANTS ONLY. 416065 true false false false false false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 19 0 false 0 false false false false false false false false false false false false X 12 12 false true false false false false false true true false false true true true true true true true true false NY X X LWC MANAGEMENT CORPORATION 2126655500 2090 ADAM CLAYTON POWELL JR BLVD NEW YORK NY 10027 VAL HENRY EXECUTIVE DI 1.00 39.00 X 0 183568 7170 CHARLES THOMAS CHAIRMAN 0.25 1.00 X X 0 0 0 ALECIA D MASON VICE CHAIRMA 0.25 1.00 X X 0 0 0 CORY SARGEANT TREASURER PR 0.25 1.00 X X 0 0 0 MICHAEL BAILEY ESQ MEMBER 0.25 1.00 X 0 0 0 C ALLYSON FRANKLIN ESQ MEMBER 0.25 1.00 X 0 0 0 STEVE CROMITY MEMBER 0.25 1.00 X 0 0 0 SONIA CLARKE MEMBER 0.25 1.00 X 0 0 0 MILDRED SMITH MEMBER 0.25 1.00 X 0 0 0 VICTORIA POWE-BITTLE MEMBER 0.25 1.00 X 0 0 0 VON JOSEPH MEMBER 0.25 1.00 X 0 0 0 KENNETH LAIDLOW MEMBER 0.25 1.00 X 0 0 0 KENNETH L PYLE SR MEMBER 0.25 1.00 X 0 0 0 183568 7170 false true false LOW-INCOME HOUSING RENT 531110 359573 359573 359573 5882 5882 OTHER INCOME 900099 11436 11436 11436 376891 371009 5882 54442 48998 5444 11404 11404 5907 4176 1731 29032 29032 34742 34742 15911 15911 4962 4962 7514 6349 1165 97350 97350 35 35 89379 89379 49997 49997 REPAIRS AND MAINTENANCE 68059 68059 MISCELLANEOUS 2029 2029 FINES, FEES AND PENALTIES 614 614 471377 416065 55312 0 262872 264135 26131 44693 17061 19664 2428589 1053957 1464011 1374632 326554 288167 2096629 1991291 82926 64897 10606 14842 2642416 2642416 27008 29949 2762956 2752104 X -666327 -760813 -666327 -760813 2096629 1991291 -94486 X X false true X true false X 364713 363176 359246 352826 359573 1799534 364713 363176 359246 352826 359573 1799534 1799534 3373 2577 1535 2080 5882 15447 3373 2577 1535 2080 5882 15447 1305 -312 1180 3133 11436 16742 369391 365441 361961 358039 376891 1831723 0.98240 0.98950 0.01000 0.01000 X PART III, LINE 12 OTHER INCOME 16,742 3400 3400 1680531 702768 977763 736658 346618 390040 8000 4571 3429 1374632 OPERATING RESERVE 133734 REPLACEMENT RESERVE 114999 TENANT SECURITY DEPOSITS 26135 UTILITIES DEPOSITS 10928 DUE FROM RELATED PARTIES 2371 288167 TENANT SECURITY DEPOSITS PAYABLE 26135 DUE TO RELATED PARTIES 3814 29949 X 376891 376891 376891 471377 471377 471377 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATIONS TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION OF TAXING AUTHORITIES. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION IS NO LONGER SUBJECT TO AUDITS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO 2020. CURRENTLY, THERE ARE NO AUDITS IN PROGRESS. false false false false false false false false false VAL HENRY EXECUTIVE DIRECTOR 183568 7170 190738 FORM 990, PAGE 6, PART VI, LINE 3 THE BOARD CONTRACTED LWC MANAGEMENT CORPORATION 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 ADDDRESSED, 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 ON AN ANNUAL BASIS, ALL BOARD MEMBERS, MANAGING AGENT AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANY CONFLICT OR POTENTIAL CONFLICT OF INTEREST. THE DISCLOSURES ARE REVIEWED BY THE BOARD MEMBERS. ANY MEMBER (S) WITH CONFLICT OF INTEREST WILL NOT BE ALLOWED TO VOTE ON MATTERS RELATED TO THE CONFLICT OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD REVIEWS THE COMPENSATION FOR KEY EMPLOYEES AS RECOMMENDED BY THE MANAGING AGENT BASED ON COMPENSATION INFORMATION FOR THE SAME POSITIONS IN SIMILAR ORGANIZATIONS. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD REVIEWS THE COMPENSATION FOR KEY EMPLOYEES AS RECOMMENDED BY THE MANAGING AGENT BASED ON COMPENSATION INFORMATION FOR THE SAME POSITIONS IN SIMILAR ORGANIZATIONS. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION AT WWW.GUIDESTAR.ORG. THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE MANAGING AGENT, LWC MANAGEMENT LOCATED AT 2090 ADAM CLAYTON POWELL, JR. BLDV., SUITE 203, NEW YORK, NY 10027 OR BY CALLING (212) 665-5500. FORM 990, PAGE 12, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. THE LOCAL DEV CORP OF CROWN HEIGHTS 230 KINGSTON AVENUE BROOKLYN NY 11213 112890302 HOUSING NY 501C3 10 NA false ST JOHN'S HOUSING DEVT FUND CORP 230 KINGSTON AVENUE BROOKLYN NY 11213 900732459 HOUSING NY 501C3 10 LDCCH false VANMEW HOUSING DEVT FUND CORP 230 KINGSTON AVENUE BROOKLYN NY 11213 800819115 HOUSING NY 501C3 10 LDCCH false CROWN HEIGHTS RES FOR ADULTS HDFC 230 KINGSTON AVENUE BROOKLYN NY 11213 113018126 HOUSING NY 501C3 10 LDCCH false KINGSTON AVENUE DEVELOPMENT LLC 230 KINGSTON AVENUE BROOKLYN NY 11213 203272176 REAL ESTAT NY KINGSTON APT INC RELATED false false ALBANY AVENUE SENIOR HOUSING CORP 252 KINGSTON AVENUE BROOKLYN NY 11213 208990021 REAL ESTAT NY LDCCH C CORP false KINGSTON APARTMENTS INC 252 KINGSTON AVENUE BROOKLYN NY 11213 204736697 REAL ESTAT NY LDCCH C CORP false ST JOHN'S SENIOR HOUSING CORP 252 KINGSTON AVENUE BROOKLYN NY 11213 208989484 REAL ESTAT NY LDCCH C CORP false false false false true false false false false false false false false false false true true false true false