2025-11-13T10:44:37-06:00 2024-12-31 390974031 WEGNER CPAS LLP 230 PARK AVE FL 3 NEW YORK NY 101690005 990 2024-01-01 237165901 SPRC INC SUNS 7184928580 5101 4TH AVE 2ND FL BROOKLYN NY 11220 GARY BROWN PRESIDENT/EXECUTIVE DIRECTOR 7184928580 2025-11-12 1 1 MITCH DAVIS CPA P01273382 2125511724 2025-11-10 2024 2025-03-06 01:10:19Z SUNSET PARK REDEVELOPMENT COMMITTEE INC GARY BROWN 5101 4TH AVE 2ND FL BROOKLYN NY 11220 3438850 0 X SPRCINC.ORG X 1973 NY TO ASSIST IN PROJECTS, UNDERTAKINGS, STUDIES AND OTHER ACTIVITIES IN COOPERATION AND IN COORDINATION WITH LOCAL GOVERNMENTAL AND CIVIC BODIES FOR THE ELIMINATION OF SLUMS, BLIGHTS AND BLIGHTING INFLUENCES, AND TO AID, ASSIST AND FOSTER THE PLANNING, REPLANNING, DEVELOPMENT, RENEWAL, REDEVELOPMENT AND IMPROVEMENT OF THE SUNSET PARK AREA OF THE COUNTY OF KINGS, ALL TO COMBAT COMMUNITY DETERIORATION AND TO SECURE ADEQUATE HOUSING, COMMUNITY AND RECREATIONAL FACILITIES AND OTHER RELATED FACILITIES AND SERVICES AND CONDITIONS, ECONOMIC AND OTHERWISE, CONDUCIVE TO THE PROGRESS AND GENERAL WELFARE OF THE COMMUNITY AND TO CARRY ON SUCH ACTIVITIES AND TO DEAL WITH AND EXPAND ANY PROPERTY OR INCOME THEREFROM FOR ANY OF THE AFOREMENTIONED PURPOSES. 5 5 20 10 0 0 3056087 2188354 1097976 773039 35425 76849 604 68686 4190092 3106928 0 0 0 0 1388253 1575369 0 0 0 2617690 1397703 4005943 2973072 184149 133856 4108306 4079456 1145855 765495 2962451 3313961 SUNSET PARK REDEVELOPMENT COMMITTEE ASSISTS WITH THE REDEVELOPMENT, RENEWAL, AND IMPROVEMENT OF SUNSET PARK AND OTHER AREAS OF KINGS COUNTY, ALL TO COMBAT COMMUNITY DETERIORATION AND TO SECURE ADEQUATE HOUSING AND CONDITIONS. 0 0 2177824 0 312957 WEATHERIZATION - CONTRACTS WITH THE STATE OF NEW YORK TO PROVIDE WEATHERIZATION SERVICES TO LOW-INCOME HOME OWNERS AND TENANTS IN BROOKLYN. SPRC PRIORITIZES OUTREACH TO THE ELDERLY, DISABLED AND FAMILIES WITH CHILDREN TO PROVIDE THE MOST COST EFFECTIVE ENERGY AND WATER CONSERVATION MEASURES AS DETERMINED BY AN ONSITE ENERGY AUDIT OF THE BUILDING. 420633 0 460082 LOW-INCOME HOUSING - CONTRACTS WITH THE STATE OF NEW YORK AND PRIVATE ORGANIZATIONS TO PROVIDE HOME REPAIR SERVICES AND HOUSING TO LOW- AND MODERATE-INCOME HOME OWNERS AND TENANTS. 2598457 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 10 0 20 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X JOHN DI STASIO III 7184928580 5101 4TH AVE 2ND FL BROOKLYN NY 11220 ALDO IEMMA CHAIRPERSON 1.00 X X 0 0 0 GLENN SORENSON TREASURER 1.00 X X 0 0 0 SAYEL TAYAR SECRETARY 1.00 X X 0 0 0 GLORIA RODRIGUEZ DIRECTOR 1.00 X 0 0 0 ROBERT MOLINARI DIRECTOR 1.00 X 0 0 0 XIOMARA GARCIA DIRECTOR (THRU MAY) 1.00 X 0 0 0 GARY BROWN PRESIDENT/EXECUTIVE DIRECT 40.00 X 158153 0 44544 JOHN DISTASIO III FISCAL DIRECTOR 40.00 X 102536 0 26496 260689 0 71040 2 0 1 0 SPRC TOWER CONSTRUCTION PRATEEK TOWER IIND FLOOR NEAR SAN SANJAY PLACE IN 282002 CONSTRUCTION 279862 1 2188354 2188354 RENTAL INCOME 531110 460082 460082 SERVICE INCOME 624200 312957 312957 773039 43284 43284 365487 331922 33565 33565 33565 68686 68686 68686 3106928 773039 0 145535 X 202697 174319 28378 989815 851241 138574 24498 21069 3429 273498 235208 38290 84861 72980 11881 84 84 67200 32000 35200 24720 24720 362085 356755 5330 3983 3983 112381 99107 13274 24459 24459 288808 288808 20969 17731 3238 21915 20790 1125 18533 18029 504 61586 57610 3976 SUBCONTRACTOR MATERIALS 324368 324368 BAD DEBT EXPENSE 66044 66044 568 568 2973072 2598457 374615 0 1153377 353845 274432 663976 132067 254276 89389 122841 35935 25802 51833 42859 1063389 639453 418468 423936 1901426 2151859 51379 40062 4108306 4079456 279776 336094 803719 386018 62360 43383 1145855 765495 X 2962451 3313961 2962451 3313961 4108306 4079456 133856 217654 0 X 0 1 X 1 1 1 X 2874759 2546712 3535239 3056087 2188354 14201151 2874759 2546712 3535239 3056087 2188354 14201151 14201151 20973 33555 27874 48582 43283 174267 14375418 6089219 0.98790 0.98900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 557307 152536 404771 265557 265557 0 206534 187369 19165 33991 33991 0 423936 SECURITY DEPOSITS 31866 OPERATING LEASE LIABILITY 11517 43383 3658097 217654 358235 -24720 551169 3106928 0 3106928 3306587 358235 358235 2948352 24720 24720 2973072 PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES REPORTED ON FORM 990, PART IX, LINE 11F -24,720. X X 0 0 0 0 0 0 0 0 0 GARY BROWN PRESIDENT/EXECUTIVE DIRECT 151653 0 6500 0 0 0 5066 0 39478 0 202697 0 0 0 STEPHAN BROWN FAMILY MEMBER OF PRESIDENT/EXECUTIVE DIRECTOR 34186 CONTRACTOR PAYMENT 0 STEPHAN BROWN FAMILY MEMBER OF PRESIDENT/EXECUTIVE DIRECTOR 76075 EMPLOYEE COMPENSATION 0 CRISTAL BROWN FAMILY MEMBER OF PRESIDENT/EXECUTIVE DIRECTOR 56827 EMPLOYEE COMPENSATION 0 FORM 990, PART VI, SECTION B, LINE 11B THE PREPARED FORM 990 IS REVIEWED BY THE MEMBERS OF THE GOVERNING BODY BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY ALL DIRECTORS AND OFFICERS COMPLETE AND SIGN A STATEMENT THAT PROVIDES INFORMATION REGARDING THEIR INTERESTS AND THOSE OF THEIR FAMILY MEMBERS THAT COULD GIVE RISE TO CONFLICTS. THE MEMBERS OF THE GOVERNING BODY MAKE DETERMINATIONS OF WHETHER A CONFLICT EXISTS AND REVIEW ACTUAL CONFLICTS. ANY PERSON WITH A CONFLICT IS PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION CONDUCTS A COMPENSATION SURVEY FOR ALL POSITIONS, INCLUDING THE EXECUTIVE DIRECTOR, EVERY THREE YEARS. ALL COMPENSATION ARRANGEMENTS AND INCREASES ARE REVIEWED AND APPROVED BY THE ORGANIZATION'S DIRECTORS AND DOCUMENTED IN WRITING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 10,669. MANAGEMENT AND GENERAL EXPENSES 2,950. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,619. HUMAN RESOURCES: PROGRAM SERVICE EXPENSES 1,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,500. CONSTRUCTION MANAGEMENT FEES: PROGRAM SERVICE EXPENSES 29,206. MANAGEMENT AND GENERAL EXPENSES 2,380. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,586. SUBCONTRACTOR LABOR: PROGRAM SERVICE EXPENSES 315,380. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 315,380.