Nonprofit · EIN 80-0818949
GREGENE HDFC
Tax-exempt · BROOKLYN, NY 11213
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $410,601 | $469,752 | -$59,151 | $1,908,510 | $2,728,474 | -$819,964 |
| December 31, 2023 | 990 | $376,891 | $471,377 | -$94,486 | $1,991,291 | $2,752,104 | -$760,813 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $370,956
- Investment income
- $8,728
- Other revenue
- $30,917
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $45,380
- Salaries, compensation and benefits (total)
- $52,394
- Professional fundraising fees
- $0
- Legal fees
- $9,769
- Accounting fees
- $16,632
- Occupancy
- $92,846
- Travel
- $200
- Depreciation
- $89,379
- Program services (functional)
- $408,641
- Management and general (functional)
- $61,111
Balance sheet and other
- Total assets, start of year
- $1,991,291
- Total assets, end of year
- $1,908,510
- Total liabilities, end of year
- $2,728,474
- Net assets, end of year
- -$819,964
- Land, buildings and equipment
- $1,285,253
- Publicly traded securities
- $70,000
- Net assets without donor restrictions
- -$819,964
- Gross receipts
- $410,601
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2012
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| VAL HENRY | EXECUTIVE DI Officer | 1 | $0 | $195,500 | $7,598 |
| CHARLES THOMAS | CHAIRMAN Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| COREY SARGENT | SECRETARY Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| MICHAEL BAILEY ESQ | MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| STEVE CROMITY | MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| C ALLYSON FRANKLIN ESQ | MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| MILDRED SMITH | MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| VICTORIA POWE-BITTLE | MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| VON JOSEPH | MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| KENNETH LAIDLOW | MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| KENNETH L PYLE SR | MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| VAL HENRY | EXECUTIVE DI Officer | 1 | $0 | $183,568 | $7,170 |
| CHARLES THOMAS | CHAIRMAN Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| ALECIA D MASON | VICE CHAIRMA Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| CORY SARGEANT | TREASURER PR Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| MICHAEL BAILEY ESQ | MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| C ALLYSON FRANKLIN ESQ | MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| STEVE CROMITY | MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| SONIA CLARKE | MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| MILDRED SMITH | MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| VICTORIA POWE-BITTLE | MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| VON JOSEPH | MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| KENNETH LAIDLOW | MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| KENNETH L PYLE SR | MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 230 KINGSTON AVENUE, BROOKLYN, NY 11213-2696
- In care of
- % LDCCH
- Principal officer (990 for 2024)
- CHARLES THOMAS
- Signed the 990
- CHARLES THOMAS, CHAIRMAN
- Phone
- (212) 665-5500
- Return prepared by
- GALLEROS ROBINSON
Mission
GREGENE HOUSING DEVELOPMENT FUND CORPORATION (THE "CORPORATION") HAS BEEN ORGANIZED EXCLUSIVELY TO ASSIST THE ACQUISITION AND OPERATION, ON A NONPROFIT BASIS, OF A HOUSING PROJECT FOR PERSONS OF LOW INCOME.
Program accomplishments
- THE CORPORATION CONTINUED TO PROVIDE HOUSING TO LOW-INCOME TENANTS IN ITS 34 APARTMENTS 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 CITY OF NEW YORK HOUSING PRESERVATION AND DEVELOPMENT (HPD), THE CORPORATION CONTINUES TO OPERATE, MAINTAIN AND MANAGE THE PROJECT IN ACCORDANCE WITH THE REQUIREMENTS OF HPD, SPECIFICALLY IN TERMS OF ADMITTING ELIGIBLE TENANTS ONLY.Expenses $408,641 · revenue $401,873
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
- 80-0818949
- 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
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $1,908,510
- Income (IRS master file)
- $410,601
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $410,601 | $469,752 | $1,908,510 | IRS |
| 990 | December 2023 | $376,891 | $471,377 | $1,991,291 | XML |
| 990 | December 2022 | $358,039 | $415,211 | $2,096,629 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 80-0818949).
Questions about GREGENE HDFC
- What is the EIN of GREGENE HDFC?
- The employer identification number (EIN) of GREGENE HDFC is 80-0818949.
- Is GREGENE HDFC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to GREGENE HDFC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GREGENE HDFC 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 GREGENE HDFC 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 GREGENE HDFC 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 GREGENE HDFC?
- The 990 for the year ended December 31, 2024 names CHARLES THOMAS.
- Who are the officers and directors of GREGENE HDFC?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does GREGENE HDFC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $410,601, expenses of $469,752 and total assets of $1,908,510 at year end.
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