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 113018126 CROWN HEIGHTS RESIDENCE FOR ADULTS HOUSING DEVELOPMENT FUND CORP CROW 7184937400 230 KINGSTON AVENUE BROOKLYN NY 11213 VAL HENRY EXECUTIVE DIRECTOR 7184937400 2024-09-24 true true LEONORA GALLEROS P00181670 6469210400 2024-10-08 2023 2024-10-15 13:58:12Z VAL HENRY 603931 false X N/A X 1990 NY CROWN HEIGHTS RESIDENCE FOR ADULTS HOUSING DEVELOPMENT FUND CORPORATION (THE "CORPORATION") PROVIDES SINGLE ROOM DWELLING UNITS FOR HOMELESS, LOW INCOME AND NEEDY INDIVIDUALS. THROUGH ITS RESIDENCE FOR ADULTS HOUSING COMPLEX WHICH CONSISTS OF FIFTY-THREE (53) SINGLE ROOM OCCUPANCY UNITS, HOMELESS AND LOW-INCOME INDIVIDUALS ARE PROVIDED WITH WELL-MAINTAINED AND AFFORDABLE DWELLINGS. 12 12 10 12 0 139856 151497 405959 450539 0 204 1895 546019 603931 0 0 366524 363064 0 0 386569 479920 753093 842984 -207074 -239053 223580 212955 2558746 2787174 -2335166 -2574219 X THE CORPORATION WAS ORGANIZED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF OWNING, CONSTRUCTING, REHABILITATING, AND LEASING, MANAGING, EQUIPPING, MAINTAINING, DEVELOPING AND OPERATING HOUSING CORPORATIONS FOR PERSONS OF LOW INCOME AND NEEDY. false false 609739 452434 THE CORPORATION HAS 53 SINGLE ROOM OCCUPANCY (SRO) UNITS AND PARTICIPATES IN THE SRO PROGRAM AS AUTHORIZED BY SECTION 441 OF THE MCKINNEY-VENTO HOMELESS ASSISTANCE ACT. ASSISTANCE PROVIDED UNDER THE SRO PROGRAM IS DESIGNED TO BRING MORE STANDARD SRO UNITS INTO THE LOCAL HOUSING SUPPLY AND TO USE THOSE UNITS TO ASSIST HOMELESS PERSONS. UNDER THE PROGRAM, THE CORPORATION REHABILITATED IN 1994, THEN CONTINUOUSLY MAINTAINS ITS 53-UNIT COMPLEX AND MAKES THESE UNITS AVAILABLE FOR HOMELESS AND NEEDY INDIVIDUALS. THE TENANTS ARE ELIGIBLE TO RECEIVE SECTION 8 RENTAL ASSISTANCE PAYMENTS. ELIGIBILITY IS DETERMINED BY THE NYC DEPARTMENT OF HOMELESS SERVICES; AND RENTAL ASSISTANCE PAYMENTS ARE MADE ON BEHALF OF HOMELESS INDIVIDUALS WHO RENT THE REHABILITATED DWELLINGS. 609739 true true false false false false false false false false true false false false 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 11 0 true 10 true 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 CORP 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 C ALLYSON FRANKLIN ESQ MEMBER 0.25 1.00 X 0 0 0 MILDRED SMITH MEMBER 0.25 1.00 X 0 0 0 STEVE CROMITY MEMBER 0.25 1.00 X 0 0 0 VICTORIA POWE-BITTLE MEMBER 0.25 1.00 X 0 0 0 SONIA CLARKE MEMBER 0.25 1.00 X 0 0 0 MICHAEL BAILEY ESQ 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 151497 151497 LOW-INCOME HOUSING RENT 531110 450539 450539 450539 LAUNDRY AND VENDING REVENUE 900099 1895 1895 1895 603931 452434 317503 260295 57208 18717 14038 4679 26844 22007 4837 33414 33414 64810 64810 6132 6132 14538 7269 7269 101612 101612 6037 6037 75175 75175 53257 53257 REPAIR AND MAINTENANCE 45724 45724 BAD DEBTS 38306 38306 PROGRAM AND TENANT ACTIVI 12731 12731 MISCELLANEOUS 10744 10744 17440 11499 5941 842984 609739 233245 0 3533 40893 25756 8501 42866 80685 18582 20608 2314132 2260391 124316 53741 8527 8527 223580 212955 128678 220843 49250 90668 2118700 2118700 262118 356963 2558746 2787174 X -2335166 -2574219 -2335166 -2574219 223580 212955 -239053 X X false true X true false X 202054 225817 155045 139856 151497 874269 501317 512569 451434 405959 450539 2321818 703371 738386 606479 545815 602036 3196087 3196087 4704 411 2577 204 1895 9791 708075 738797 609056 546019 603931 3205878 0.99690 0.99660 0.00000 0.00000 X PART III, LINE 12 LAUNDRY AND VENDING REVENUE 9,791 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28500 28500 2191110 2167527 23583 94522 92864 1658 53741 DUE TO RELATED PARTIES 355012 TENANTS SECURITY DEPOSITS PAYABLE 1951 356963 X 603931 603931 603931 842984 842984 842984 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 HAS 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 - ORGANIZATION'S MISSION THE CORPORATION WAS ORGANIZED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF OWNING, CONSTRUCTING, REHABILITATING, AND LEASING, MANAGING, EQUIPPING, MAINTAINING, DEVELOPING AND OPERATING HOUSING CORPORATIONS FOR PERSONS OF LOW INCOME AND NEEDY. FORM 990, PAGE 6, PART VI, LINE 3 THE BOARD CONTRACTED WITH LWC MANAGEMENT CORPORATION TO MANAGE THE RENTAL PROPERTY THROUGH A MANAGEMENT SERVICE 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 ON AN ANNUAL BASIS, ALL BOARD MEMBERS, MANAGING AGENT AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANY CONFLICT OR POTENTIAL CONLICT 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 POSITION 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 POSITION IN SIMILAR ORGANIZATIONS. FORM 990, PAGE 6, PART VI, LINE 19 THE CORPORATION'S FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION AT WWW.GUIDESTAR.ORG. THE CORPORATION 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. BLVD., SUITE 203, NEW YORK, NY 10027 OR BY CALLING FORM 990, PAGE 12, PART XII, LINE 2C THERE HAS BEEN NO CHANGES FROM PRIOR YEAR. THE LOCAL DEVELOPMENT CORPORATION OF CROWN HEIGHTS 230 KINGSTON AVENUE BROOKLYN NY 11213 112890302 HOUSING NY 501C3 7 NA false ST JOHN'S HOUSING DEVELOPMENT FUND CORPORATION 230 KINGSTON AVENUE BROOKLYN NY 11213 900732459 HOUSING NY 501C3 7 LDCCH false GREGENE HOUSING DEVELOPMENT FUND CORP 230 KINGSTON AVENUE BROOKLYN NY 11213 800818949 HOUSING NY 501C3 7 LDCCH false VANMEW HOUSING DEVELOPMENT FUND CORP 230 KINGSTON AVENUE BROOKLYN NY 11213 800818949 HOUSING NY 501C3 7 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 COPR 252 KINGSTON AVENUE BROOKLYN NY 11213 208989484 REAL ESTAT NY LDCCH C CORP false false false false false true false false false false false false false false false true false false false true