2024-05-20T17:30:30-04:00 2022-06-30 273263553 GALLEROS ROBINSON 115 DAVIS STATION RD CREAM RIDGE NJ 08514 990 2021-07-01 454311936 SOUTH BROOKLYN RENEWAL HDFC SOUT 7182439301 201 COLUMBIA ST BROOKLYN NY 11231 VILMA HERAMIA EXECUTIVE DIRECTOR 7182439301 2024-02-22 VILMA HERAMIA XXX-XX-XXXX LEONORA GALLEROS P00181670 6469210400 2024-05-20 2021 2023-04-26 12:10:37Z X VILMA HERAMIA 201 COLUMBIA ST BROOKLYN NY 11231 434917 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 327241 327291 7017 18256 1058 345497 434917 0 0 80219 65918 0 0 361198 360532 441417 426450 -95920 8467 2558582 2539764 2935945 2681516 -377363 -141752 X 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. false false 357958 335366 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. 357958 true true 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 false false false false false false false false false false false false false false false false false false true 0 0 true 9 true 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 GRENADIER REALTY MANAGEMENT LLC 7182404111 ATTN CARL LEUNG 168 39TH ST SUITE BROOKLYN NY 11232 VILMA HERAMIA EXECUTIVE DI 4.00 40.00 X 0 102982 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 102982 false false false 99551 99551 RENT INCOME 531110 327291 327291 327291 7017 7017 MISCELLANEOUS INCOME 900099 1058 1058 1058 434917 335366 60544 54405 6139 5374 4241 1133 45485 45485 2625 2625 12600 12600 1857 1857 34324 34324 74611 74611 88504 88504 40864 40864 REPAIRS AND MAINTENANCE 50365 50365 MISCELLANEOUS 4416 3546 870 CONCESSIONS 3456 3456 BAD DEBTS 1017 1017 408 408 426450 357958 68492 0 24185 2953 53074 67236 9780 9720 2324466 844375 1573127 1480091 898416 979764 2558582 2539764 117206 143191 2665649 2379664 153090 158661 2935945 2681516 X -377363 -141752 -377363 -141752 2558582 2539764 8467 227144 X X false true X true false X 99551 99551 305197 283662 285267 327241 327291 1528658 305197 283662 285267 327241 426842 1628209 1628209 3650 7017 10667 3650 7017 10667 33960 18256 1058 53274 305197 287312 319227 345497 434917 1692150 0.96220 0.96400 0.01000 0.01000 X PART III, LINE 12 53,274 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2324466 844375 1480091 1480091 CAPITAL RESERVE 597808 DUE FROM AFFILIATES 308422 OPERATING RESERVE 56996 TENANT SECURITY DEPOSITS 16538 979764 DUE TO AFFILIATES 138439 TENANT SECURITY DEPOSITS PAYABLE 15840 DEFERRED REVENUE 4382 158661 X 434917 434917 434917 426450 426450 426450 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. 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 2019. FORM 990, PAGE 1, ITEM B THE FORM 990 WAS AMENDED TO REFLECT THE AMOUNTS IN THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2022. FORM 990 - ORGANIZATION'S MISSION 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. FORM 990, PAGE 6, PART VI, LINE 3 THE BOARD CONTRACTED GRENADIER REALTY 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 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 19 THE ORGANIZATION WILL MAKE THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST BY AT THE OFFICE OF ITS MANAGING AGENT, GRENADIER REALTY CORPORATION LOCATED AT 1230 PENNSYLVANIA AVENUE - BROOKLYN, NY 11239. FORM 990, PAGE 12, PART XII, LINE 2C THERE WAS NO CHANGE FROM PRIOR YEAR.