2025-11-05T22:28:27-05:00 2024-12-31 273263553 GALLEROS ROBINSON 115 DAVIS STATION RD CREAM RIDGE NJ 08514 990 2024-01-01 800819115 VANMEW HOUSING DEVELOPMENT FUND CORPORATION VANM 2126655500 230 KINGSTON AVENUE BROOKLYN NY 11213 CHARLES THOMAS CHAIRMAN 2126655500 2025-11-04 true true LEONORA GALLEROS P00181670 6469210400 2025-11-05 2024 2025-03-06 01:10:19Z CHARLES THOMAS 334251 false X N/A X 2012 NY VANMEW HOUSING DEVELOPMENT FUND CORPORATION ("THE CORPORATION")HAS ENTERED INTO REGULATORY AND FINANCING AGREEMENTS WITH THE NEW YORK STATE HOUSING FINANCE AGENCY AND THE NEW YORK CITY DEPARTMENT OF HOUSING PRESERVATION DEVELOPMENT (HPD)TO ACQUIRE APARTMENT BUILDING FOR PURPOSES OF OPERATING AND MAINTAINING RENTAL PROPERTIES AT APPROVED RATES FOR PERSONS OF LOW- INCOME. 10 10 0 10 0 0 316743 319207 2917 3169 800 11875 320460 334251 0 0 67953 58762 0 0 337239 370160 405192 428922 -84732 -94671 1466900 1400877 2501284 2529932 -1034384 -1129055 X VANMEW HOUSING DEVELOPMENT FUND CORPORATION ("THE CORPORATION")HAS ENTERED INTO REGULATORY AND FINANCING AGREEMENTS WITH THE NEW YORK STATE HOUSING FINANCE AGENCY AND THE NEW YORK CITY DEPARTMENT OF HOUSING PRESERVATION DEVELOPMENT (HPD)TO ACQUIRE APARTMENT BUILDING FOR PURPOSES OF OPERATING AND MAINTAINING RENTAL PROPERTIES AT APPROVED RATES FOR PERSONS OF LOW- INCOME. false false 363264 331082 THE CORPORATION PROVIDED HOUSING TO LOW-INCOME TENANTS IN ITS 30 RESIDENTIAL AND 1 COMMERCIAL UNITS 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 THE CITY OF NEW YORK HOUSING PRESERVATION AND DEVELOPMENT (HPD), THE CORPORATION CONTINUOUSLY OPERATE, MAINTAIN AND MANAGE THE PROJECT IN ACCORDANCE WITH THE REQUIREMENTS OF HPD, SPECIFICALLY IN TERMS OF ADMITTING ELIGIBLE TENANTS ONLY. 363264 true false false false false false false false false false true false false true true true true true 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 17 0 true 0 false false false false false false false false false false false false X 10 10 false true false false false false false true true false false true true true true true true true true false NY X X GRC REALTY CORP 7182404166 168 39TH STREET SUITE 306 BROOKLYN NY 11232 VAL HENRY EXECUTIVE DI 1.00 39.00 X 0 195500 7598 CHARLES THOMAS CHAIRMAN 0.25 1.00 X X 0 0 0 COREY SARGENT SECRETARY 0.25 1.00 X X 0 0 0 MICHAEL BAILEY ESQ MEMBER 0.25 1.00 X 0 0 0 STEVE CROMITY MEMBER 0.25 1.00 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 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 195500 7598 false true false LOW-INCOME HOUSING RENTAL 531110 319207 319207 319207 3169 3169 OTHER REVENUE 900099 11875 11875 11875 334251 331082 3169 51167 46050 5117 3115 2804 311 4480 4032 448 25787 25787 13279 13279 16280 16280 1212 1212 3871 1936 1935 85966 85966 21766 21766 76884 76884 45123 45123 REPAIRS AND MAINTENANCE 72591 72591 MISCELLANEOUS 4900 4900 FINES, FEES AND PENALTIES 2062 2062 BAD DEBTS 439 439 428922 363264 65658 0 10443 7922 53841 50326 11554 13763 2068440 920410 1224914 1148030 166148 180836 1466900 1400877 118977 128762 37567 39067 2242730 2242730 102010 119373 2501284 2529932 X -1034384 -1129055 -1034384 -1129055 1466900 1400877 X -94671 X X false true X true false X 284248 285238 289956 316743 331082 1507267 284248 285238 289956 316743 331082 1507267 1507267 1667 1417 1440 2917 3169 10610 1667 1417 1440 2917 3169 10610 40 1627 282 800 11875 14624 285955 288282 291678 320460 346126 1532501 0.98350 0.99060 0.01000 0.01000 X PART III, LINE 12 OTHER REVENUE 14,624 1500 1500 2066940 920410 1146530 1148030 OPERATING RESERVE 84666 CAPITAL RESERVE 53181 TENANT SECURITY DEPOSITS 21185 DUE FROM RELATED PARTIES 13454 UTILITIES DEPOSITS 8350 180836 DUE TO RELATED PARTIES 59315 ACCRUED INTEREST PAYABLE, DEFERRED 38873 TENANT SECURITY DEPOSITS PAYABLE 21185 119373 X 343635 9384 9384 334251 334251 438306 9384 9384 428922 428922 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 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 2021. CURRENTLY, THERE ARE NO AUDITS IN PROGRESS. SCHEDULE D, PAGE 4, PART XI, LINE 2D RENT FREE UNIT 9,384 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENT FREE UNIT 9,384 X X false false false false false false false false false VAL HENRY EXECUTIVE DIRECTOR 195500 7598 203098 FORM 990 - ORGANIZATION'S MISSION VANMEW HOUSING DEVELOPMENT FUND CORPORATION ("THE CORPORATION")HAS ENTERED INTO REGULATORY AND FINANCING AGREEMENTS WITH THE NEW YORK STATE HOUSING FINANCE AGENCY AND THE NEW YORK CITY DEPARTMENT OF HOUSING PRESERVATION DEVELOPMENT (HPD)TO ACQUIRE APARTMENT BUILDING FOR PURPOSES OF OPERATING AND MAINTAINING RENTAL PROPERTIES AT APPROVED RATES FOR PERSONS OF LOW- INCOME. 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 FORM 990 PART VI, SECTION B, LINE 11: 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 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 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 ORGANIZATION WILL MAKE THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST BY CALLING TELEPHONE 212.665.5500 OR AT THE OFFICE OF ITS MANAGING AGENT, LWC MANAGEMENT CORPORATION LOCATED AT 2090 ADAM CLAYTON POWELL, JR. BLVD, NEW YORK, NY 10027. FORM 990, PART XI, LINE 9 RENT FREE UNIT 9,384 RENT FREE UNIT -9,384 FORM 990, PAGE 12, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. THE LOCAL DEVT CORP OF CROWN HEIGHT 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 CROWN HEIGHTS false GREGENE HOUSING DEVT FUND CORP 230 KINGSTON AVENUE BROOKLYN NY 11213 800818949 HOUSING NY 501C3 10 LDCCH CROWN HEIGHTS false CROWN HEIGHTS RES FOR ADULTS HDFC 230 KINGSTON AVENUE BROOKLYN NY 11213 113018126 HOUSING NY 501C3 10 LDCCH CROWN HEIGHTS false KINGSTON AVENUE DEVELOPMENT LLC 230 KINGSTON AVENUE BROOKLYN NY 11213 203272176 REAL ESTAT NY KINGSTON APT INC RELATED false false KINGS COUNTY SENIOR RESIDENCE LLC 98 CUTTER MILL ROAD GREAT NECK PLAZA NY 11021 201482145 REAL ESTAT NY N/A 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 AVNUE 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 false true false false false false false false false false false true true false true false