Nonprofit · EIN 22-3695479
GALVAN ASSET MANAGEMENT INC
Tax-exempt · HUDSON, NY 12534
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $343,338 | $506,681 | -$163,343 | $6,462,531 | $6,609,547 | -$147,016 |
| June 30, 2024 | 990 | $1,140,811 | $1,460,726 | -$319,915 | $6,552,868 | $6,544,336 | $8,532 |
| June 30, 2023 | 990 | $1,119,160 | $1,377,251 | -$258,091 | $4,009,441 | $5,211,031 | -$1,201,590 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $345,916
- Investment income
- $17,811
- Net rental income
- -$20,907
- Other revenue
- -$20,389
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $147,530
- Salaries, compensation and benefits (total)
- $147,530
- Professional fundraising fees
- $0
- Travel
- $1,213
- Program services (functional)
- $506,681
Balance sheet and other
- Total assets, start of year
- $6,552,868
- Total assets, end of year
- $6,462,531
- Total liabilities, end of year
- $6,609,547
- Net assets, end of year
- -$147,016
- Land, buildings and equipment
- $5,658,280
- Net assets without donor restrictions
- -$147,016
- Gross receipts
- $1,532,544
- Employees
- 10
- Volunteers
- 0
- Year formed
- 1999
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| T ERIC GALLOWAY | TRUSTEE Trustee or director, Officer | 1 | $0 |
| RAFAL MARKWAT | SECRETARY Trustee or director, Officer | 5 | $0 |
| DAN KENT | PRESIDENT Trustee or director, Officer | 10 | $0 |
| RODNEY RUSSO | TRUSTEE Trustee or director | 1 | $0 |
| RICHARD SCALERA | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| T ERIC GALLOWAY | TRUSTEE Trustee or director, Officer | 1 | $0 |
| DAN KENT | PRESIDENT Trustee or director, Officer | 10 | $0 |
| RAFAL MARKWAT | SECRETARY Trustee or director, Officer | 5 | $0 |
| RODNEY RUSSO | TRUSTEE Trustee or director | 1 | $0 |
| RICHARD SCALERA | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| T ERIC GALLOWAY | PRESIDENT Trustee or director, Officer | 5 | $0 |
| DAN KENT | TREASURER Trustee or director, Officer | 10 | $0 |
| RAFAL MARKWAT | SECRETARY Trustee or director, Officer | 1 | $0 |
| RODNEY RUSSO | TRUSTEE Trustee or director | 1 | $0 |
| RICHARD SCALERA | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 64 GREEN ST, HUDSON, NY 12534-2328
- In care of
- % SHELLY M BECK
- Principal officer (990 for 2024)
- JACOB MEGLIO, 64 GREEN ST, HUDSON, NY 12534
- Signed the 990
- JACOB MEGLIO, OFFICER
- Phone
- (518) 822-0707
- Website
- HOUSINGRESOURCES.ORG
- Return prepared by
- GELTRUDE & CO LLC
Mission
THE SPECIFIC, PRIMARY AND EXCLUSIVE PURPOSES FOR WHICH THIS CORPORATION IS FORMED IS TO HOLD TITLE TO PROPERTY, COLLECTING MONIES THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO GALVAN HOUSING RESOURCES, INC., A NEW YORK NOT-FOR-PROFIT CORPORATION AND THE GALVAN FOUNDATION CHARITABLE TRUST, A NEW YORK UNINCORPORATED CHARITABLE TRUST. TO PROVIDE LOW-COST, AFFORDABLE RENTAL HOUSING TO LOW-INCOME FAMILIES (AS DETERMINED BY GOVERNMENT GUIDELINES) AND PROVIDE LOW-COST RENTAL SPACE AS ADMINISTRATIVE OFFICES FOR OTHER NOT-FOR-PROFIT AND CHARITABLE CORPORATIONS.
Program accomplishments
- TO PROVIDE LOW-COST, AFFORDABLE RENTAL HOUSING TO LOW-INCOME FAMILIES (AS DETERMINED BY GOVERNMENT GUIDELINES) AND PROVIDE LOW-COST RENTAL SPACE AS ADMINISTRATIVE OFFICES FOR OTHER NOT-FOR-PROFIT AND CHARITABLE CORPORATIONS.revenue $343,338
- TO PROVIDE LOW-COST, AFFORDABLE RENTAL HOUSING TO LOW-INCOME FAMILIES (AS DETERMINED BY GOVERNMENT GUIDELINES) AND PROVIDE LOW-COST RENTAL SPACE AS ADMINISTRATIVE OFFICES FOR OTHER NOT-FOR-PROFIT AND CHARITABLE CORPORATIONS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 22-3695479
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 2000
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S47)
- Assets (IRS master file)
- $6,462,531
- Income (IRS master file)
- $1,532,544
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $343,338 | $506,681 | $6,462,531 | XML |
| 990 | June 2024 | $1,140,811 | $1,460,726 | $6,552,868 | XML |
| 990 | June 2023 | $1,119,160 | $1,377,251 | $4,009,441 | XML |
| 990 | June 2022 | $1,035,795 | $1,111,553 | $4,235,956 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-3695479).
Questions about GALVAN ASSET MANAGEMENT INC
- What is the EIN of GALVAN ASSET MANAGEMENT INC?
- The employer identification number (EIN) of GALVAN ASSET MANAGEMENT INC is 22-3695479.
- Is GALVAN ASSET MANAGEMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 2000.
- Are donations to GALVAN ASSET MANAGEMENT INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GALVAN ASSET MANAGEMENT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GALVAN ASSET MANAGEMENT INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GALVAN ASSET MANAGEMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of GALVAN ASSET MANAGEMENT INC?
- The 990 for the year ended June 30, 2025 names JACOB MEGLIO.
- Who are the officers and directors of GALVAN ASSET MANAGEMENT INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does GALVAN ASSET MANAGEMENT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $343,338, expenses of $506,681 and total assets of $6,462,531 at year end.
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All nonprofits in HUDSON · New York · Community improvement and capacity building