Nonprofit · EIN 47-5484832
GRAND STREET NORTHWEST INC
Tax-exempt · GARDEN CITY, NY 11530
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,791,656 | $3,393,733 | $1,397,923 | $129,663,421 | $13,005,398 | $116,658,023 |
| December 31, 2023 | 990 | $9,638,708 | $3,752,817 | $5,885,891 | $126,417,633 | $14,572,623 | $111,845,010 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,172,609
- Investment income
- $3,619,047
- Net gain from sales of assets
- $452,232
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $818,564
- Compensation of officers, directors and key employees
- $120,000
- Salaries, compensation and benefits (total)
- $120,000
- Professional fundraising fees
- $0
- Legal fees
- $238,888
- Accounting fees
- $76,314
- Travel
- $1,151
- Program services (functional)
- $2,224,184
- Management and general (functional)
- $1,169,549
Balance sheet and other
- Total assets, start of year
- $126,417,633
- Total assets, end of year
- $129,663,421
- Total liabilities, end of year
- $13,005,398
- Net assets, end of year
- $116,658,023
- Publicly traded securities
- $91,460,015
- Net assets without donor restrictions
- $116,658,023
- Gross receipts
- $32,010,908
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2015
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEVIN CRONIN | DIRECTOR Trustee or director, Officer | 5 | $120,000 |
| MSGR KEVIN SULLIVAN | PRESIDENT/DIRECTOR Trustee or director, Officer | 5 | $0 |
| MSGR KEVIN NELAN | SECRETARY/DIRECTOR Trustee or director, Officer | 5 | $0 |
| REV EDWARD BYRNE | DIRECTOR Trustee or director | 5 | $0 |
| STANLEY GRAYSON | DIRECTOR Trustee or director | 5 | $0 |
| DAVID GOMEZ | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEVIN CRONIN | DIRECTOR / PRESIDENT Trustee or director, Officer | 5 | $0 |
| MSGR KEVIN NELAN | DIRECTOR / SECRETARY Trustee or director, Officer | 5 | $0 |
| REV EDWARD BYRNE | DIRECTOR Trustee or director | 5 | $0 |
| ALICIA CARMONA | DIRECTOR Trustee or director | 5 | $0 |
| STAN GREYSON | DIRECTOR Trustee or director | 5 | $0 |
| GEORGE HORTON | DIRECTOR Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 1122 FRANKLIN AVE STE 406, GARDEN CITY, NY 11530-7602
- In care of
- % COMERFORD & DOUGHERTY LLP
- Principal officer (990 for 2024)
- MSGR KEVIN NELAN, 1122 FRANKLIN AVENUE SUITE 406, GARDEN CITY, NY 11530
- Signed the 990
- MSGR KEVIN NELAN, SECRETARY/DIRECTOR
- Phone
- (516) 248-4817
- Return prepared by
- CITRIN COOPERMAN ADVISORS LLC
Mission
TO PROVIDE HOUSING AND RELATED FACILITIES AND SOCIAL SERVICES PROGRAMS TO THE BROADEST RANGE OF LOW AND MODERATE INCOME PERSONS, ELDERLY PERSONS, AND HANDICAPPED PERSONS IN NEED ON A NONPROFIT BASIS WITHOUT REGARD TO RACE, CREED, SEX OR NATIONAL ORIGIN.
Program accomplishments
- THE ORGANIZATION CONSTRUCTS, DEVELOPS, AND OPERATES APARTMENT COMPLEXES FOR LOW AND MODERATE INCOME PERSONS, HANDICAPPED PERSONS, AND ELDERLY PERSONS AND FUNDS SOCIAL SERVICES PROGRAMS FOR SUCH FACILITIES. THE ORGANIZATION ALSO SUPPORTS OTHER ORGANIZATIONS ENGAGED IN SUCH ACTIVITIES, PRIMARILY THROUGH LENDING MONEY TO SUCH PROJECTS.Expenses $2,224,184 · grants $818,564 · revenue $1,172,609
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-5484832
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L25)
- Assets (IRS master file)
- $129,663,421
- Income (IRS master file)
- $32,010,908
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,791,656 | $3,393,733 | $129,663,421 | XML |
| 990 | December 2023 | $9,638,708 | $3,752,817 | $126,417,633 | XML |
| 990 | December 2022 | $18,528,257 | $9,375,989 | $116,006,191 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 47-5484832).
Questions about GRAND STREET NORTHWEST INC
- What is the EIN of GRAND STREET NORTHWEST INC?
- The employer identification number (EIN) of GRAND STREET NORTHWEST INC is 47-5484832.
- Is GRAND STREET NORTHWEST INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to GRAND STREET NORTHWEST INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GRAND STREET NORTHWEST 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 GRAND STREET NORTHWEST INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GRAND STREET NORTHWEST INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GRAND STREET NORTHWEST INC?
- The 990 for the year ended December 31, 2024 names MSGR KEVIN NELAN.
- Who are the officers and directors of GRAND STREET NORTHWEST INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $120,000 (KEVIN CRONIN, DIRECTOR).
- How much revenue does GRAND STREET NORTHWEST INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,791,656, expenses of $3,393,733 and total assets of $129,663,421 at year end.
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