2024-05-15T17:44:21-04:00 2023-06-30 273263553 GALLEROS ROBINSON 115 DAVIS STATION RD CREAM RIDGE NJ 08514 990 2022-07-01 454311886 722 HENRY STREET APARTMENTS HDFC 722H 7182404111 201 COLUMBIA ST BROOKLYN NY 11231 VILMA HERAMIA EXECUTIVE DIRECTOR 0071824041 2024-05-15 VILMA HERAMIA 999009999 false LEONORA GALLEROS P00181670 6469210400 2024-05-15 2022 2023-04-26 12:10:37Z EXTENDED UNTIL MAY 15 2024 VILMA HERAMIA 206058 false X NONE X 2012 NY THE ORGANIZATION WAS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF OWNING, CONSTRUCTING, REHABILITATING, LEASING, MANAGING, EQUIPPING, MAINTAINING, DEVELOPING, AND OPERATING A HOUSING PROJECT FOR PERSONS OF LOW-INCOME WITHIN THE MEANING OF ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW. THE ORGANIZATION IS EMPOWERED TO DO AND PERFORM ALL ACTS NECESSARY TO ACCOMPLISH THE ABOVE-MENTIONED PURPOSE, INCLUDING BUT NOT LIMITED TO OBTAINING A LOAN PURSUANT TO ARTICLE VIII OR ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW. 3 3 0 3 0 0 175134 206058 0 2 0 175136 206058 0 0 26789 23927 0 0 236174 263030 262963 286957 -87827 -80899 851675 920359 1883905 2033488 -1032230 -1113129 X THE ORGANIZATION WAS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF OWNING, CONSTRUCTING, REHABILITATING, LEASING, MANAGING, EQUIPPING, MAINTAINING, DEVELOPING, AND OPERATING A HOUSING PROJECT FOR PERSONS OF LOW-INCOME WITHIN THE MEANING OF ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW. THE ORGANIZATION IS EMPOWERED TO DO AND PERFORM ALL ACTS NECESSARY TO ACCOMPLISH THE ABOVE-MENTIONED PURPOSE, INCLUDING BUT NOT LIMITED TO OBTAINING A LOAN PURSUANT TO ARTICLE VIII OR ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW. false false 223360 206058 THE 722 HENRY STREET PROJECT IS THE FIRST AFFORDABLE HOUSING DEVELOPMENT IN RED HOOK OF CARROLL GARDENS ASSOCIATION, INC. THIS BUILDING PROVIDES 16 SPACIOUS APARTMENTS, WITH 30% OF THE UNITS SET ASIDE FOR COMMUNITY RESIDENTS AND 30% FOR HOMELESS FAMILIES AND INDIVIDUALS. THE ORGANIZATION CONTINUED TO PROVIDE HOUSING TO LOW-INCOME TENANTS IN ITS 16 APARTMENT UNITS. 722 HENRY STREET APARTMENTS HDFC WAS REPOSITIONED ON SEPTEMBER 25,2012. OWNERSHIP WAS TRANSFERRED FROM THE HENRY STREET ASSOCIATES LIMITED PARTNERSHIP TO THE 722 HENRY STREET APARTMENTS HOUSING DEVELOPMENT FUND CORPORATION, AN ENTITY 100% OWNED BY THE CARROLL GARDENS ASSOCIATION. 223360 true false false false false false false false false false true false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false false false X 3 3 false true false false false false false true true false false true true true true true true false false false NY X X CONCORD MANAGEMENT OF NY 6314217371 1328 NEW YORK AVE HUNTINGTON STATION NY 11746 X CYNTHIA GONZALEZ PRESIDENT 1.00 X X 0 0 0 VILMA HERAMIA EXECUTIVE DI 4.00 40.00 X X 0 0 0 BENJAMIN M LEVINE VICE-PRESIDE 1.00 X X 0 0 0 VICTOR J PAPA TREASURER 1.00 X X 0 0 0 false false false RENTAL INCOME FOR LOW-INCOME 531110 206058 206058 206058 206058 206058 21408 12732 8676 2519 1021 1498 39723 39723 53 53 13208 13208 492 492 11107 11107 113356 113356 13374 13374 17387 17387 REPAIRS AND MAINTENANCE 45822 45822 CONCESSIONS 6906 6906 MISCELLANEOUS 1602 1602 286957 223360 63597 0 2992 13456 35354 94800 1227 4003 1211189 459084 749155 752105 62947 55995 851675 920359 186135 259182 1559828 1559828 137942 214478 1883905 2033488 X -1032230 -1113129 -1032230 -1113129 851675 920359 -80899 X X false false X false X 230139 231616 211114 141214 206058 1020141 230139 231616 211114 141214 206058 1020141 1020141 1126 657 37819 2 39604 231265 232273 248933 141216 206058 1059745 0.96260 0.95780 0.00000 0.00000 X PART III, LINE 12 OTHER INCOME 39,604 1211189 459084 752105 752105 CAPITAL RESERVE 38123 TENANT SECURITY DEPOSITS 11371 OPERATING RESERVE 6501 55995 DUE TO AFFILIATES 182858 DEFERRED REVENUE 16326 TENANT SECURITY DEPOSITS 15294 214478 X SCHEDULE D, PAGE 3, PART X THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. THE ORGANIZATION IS NO LONGER SUBJECT TO AUDITS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO 2020. FORM 990 - ORGANIZATION'S MISSION THE ORGANIZATION WAS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF OWNING, CONSTRUCTING, REHABILITATING, LEASING, MANAGING, EQUIPPING, MAINTAINING, DEVELOPING, AND OPERATING A HOUSING PROJECT FOR PERSONS OF LOW-INCOME WITHIN THE MEANING OF ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW. THE ORGANIZATION IS EMPOWERED TO DO AND PERFORM ALL ACTS NECESSARY TO ACCOMPLISH THE ABOVE-MENTIONED PURPOSE, INCLUDING BUT NOT LIMITED TO OBTAINING A LOAN PURSUANT TO ARTICLE VIII OR ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW. FORM 990, PAGE 6, PART VI, LINE 3 THE BOARD CONTRACTED GRENADIER REALTY 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 THE DRAFT FORM 990 IS INITIALLY PROVIDED TO THE MANAGING AGENT FOR REVIEW AND COMMENTS. ONCE REVIEWED AND COMMENTS ADDDRESSED, 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 THE BOARD MEMBERS ARE REQUIRED TO COMPLETE DISCLOSURE FORM OF ANY FINANCIAL INTEREST ON AN ANNUAL BASIS. FOR ANY POTENTIAL CONFLICT OR CONFLICT, THE BOARD MEMBER WILL BE RECUSED FROM ANY DISCUSSION OR DECISIONS RELATED TO THE INTEREST. FORM 990, PAGE 6, PART VI, LINE 18 THE HDFC'S FORM 990 IS AVAILABLE AT WWW.GUIDESTAR.ORG. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION AT WWW.GUIDESTAR.ORG. THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE MANAGING AGENT, CONCORD MANAGEMENT OF NY LOCATED AT 1328 NEW YORK AVE, HUNTINGTON STATION, NY 11746. FORM 990, PART XII FORM 990, PART XII, LINE 2B - REASON FOR NOT UNDERGOING AUDIT FINANCIAL STATEMENTS FOR FY 2023 ARE STILL IN PROGRESS. FORM 990, PAGE 12, PART XII, LINE 2C THERE WAS NO CHANGE FROM PRIOR YEAR.