2025-04-17T15:26:29-04:00 2024-06-30 223363665 GELTRUDE & COMPANY LLC 513 FRANKLIN AVE NUTLEY NJ 071101746 990 2023-07-01 223695479 GALVAN ASSET MANAGEMENT INC GALV 5188220707 11 WARREN STREET HUDSON NY 12534 DAN KENT PRESIDENT 5188220707 2024-11-01 false MICHAEL W CARLON P00200642 9736679100 2025-04-17 2023 2025-03-06 01:10:19Z X DAN KENT 42 WEST 39TH STREET 14TH FLOOR NEW YORK NY 10018 1140811 false X HOUSINGRESOURCES.ORG X 1999 NY 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. 5 3 10 0 1000 0 1118012 1141072 148 341 -602 1119160 1140811 0 0 109292 43003 0 0 1267959 1417723 1377251 1460726 -258091 -319915 4009441 6552868 5211031 6544336 -1201590 8532 X 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. false false 1460726 1141072 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. 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. 1460726 false false false false false false false false false true false false true true false false true false false false false false false false false false false false false false false false false false false false false false false false true true true false true 0 0 true 10 true false false false false false false false false X 5 3 false false false false true true true true true false false true true true true true true false false false NY X TAXPAYER 2122928400 42 WEST 39TH STREET NEW YORK NY 10018 X T ERIC GALLOWAY TRUSTEE 1.00 X X 0 0 0 DAN KENT PRESIDENT 10.00 X X 0 0 0 RAFAL MARKWAT SECRETARY 5.00 X X 0 0 0 RODNEY RUSSO TRUSTEE 1.00 X 0 0 0 RICHARD SCALERA TRUSTEE 1.00 X 0 0 0 false false false STATE STREET 531110 184982 184982 RICHARDSON HALL LP 531110 138056 138056 FEE FOR SERVICE INCOME - GHR 531110 128344 128344 FEE FOR SERVICES INCOME - GIF 531110 120000 120000 37-47 NORTH 5TH ST, HUDSON 531110 111525 111525 458165 458165 1141072 341 341 MISCELLANEOUS INCOME 900099 -602 -602 -602 1140811 1140470 341 X 43003 5139 68172 56258 2020 43783 197375 30200 112223 261417 108731 REPAIRS & MAINTENANCE 106131 REPAIRS 59294 REPAIRS 55646 SALARIES & WAGES 48992 262342 1460726 0 0 0 97014 168187 131222 17717 88242 10567 15839 12428968 6475538 3411940 5953430 120 120 270336 397575 4009441 6552868 183826 63634 3449034 4395795 1578171 2084907 5211031 6544336 X -1201590 8532 -1201590 8532 4009441 6552868 X -319915 338337 1191700 X false true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 173115 173115 12126755 6364781 5761974 118224 110757 7467 10874 10874 5953430 CASH - REPLACEMENT RESERVES 280938 ESCROW DEPOSITS 102292 CASH - SECURITY DEPOSITS 14345 397575 ACCRUED INTEREST 1184855 DUE TO AFFILIATE 821336 SECURITY DEPOSITS 78716 2084907 FORM 990 - ORGANIZATION'S 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. FORM 990, PAGE 2, PART III, LINE 4D 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. FORM 990, PAGE 6, PART VI, LINE 6 ACCORDING TO THE BY-LAWS THE SOLE MEMBER OF THE CORPORATION IS GALVAN FOUNDATION CHARITABLE TRUST, AN UNINCORPORATED CHARITABLE TRUST FORM 990, PAGE 6, PART VI, LINE 7A BYLAWS PROVIDE THE POWER TO APPOINT FORM 990, PAGE 6, PART VI, LINE 7B RESERVE POWERS AS REQUIRED UNDER THE NEW YORK STATE STATUE FORM 990, PAGE 6, PART VI, LINE 11B A COPY OF FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS FOR REVIEW. ONCE THEY HAVE COMPLETED THEIR REVIEW, FORM 990 IS FILED WITH THE GOVERNMENT. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION'S BOARD OF DIRECTORS ANNUALLY SIGN A NO CONFLICT/DISCLOSURE FORM PROVIDED BY NYS DHCR. ANY POTENTIAL STAFF CONFLICT OF INTEREST IS DISCUSSED WITH THE BOARD AND RESOLVED TO ELIMINATE ANY SUCH CONFLICT. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E SALARIES & WAGES 44,861 0 0 SALARIES & WAGES 24,984 0 0 SUPPLIES 19,655 0 0 SALARIES & WAGES 19,304 0 0 SALARIES & WAGES 18,349 0 0 SALARIES & WAGES 14,694 0 0 SALARIES & WAGES 14,350 0 0 SALARIES & WAGES 13,765 0 0 PROFESSIONAL FEES 13,691 0 0 REPAIRS 11,763 0 0 REPAIRS 11,458 0 0 SALARIES & WAGES 10,092 0 0 REPAIRS 9,637 0 0 REPAIRS 8,858 0 0 CLEANING / MAINTENANCE 8,495 0 0 TELEPHONE 8,047 0 0 REPAIRS 4,786 0 0 OFFICE EXPENSE 1,335 0 0 REPAIRS 1,303 0 0 PROFESSIONAL FEES 1,236 0 0 OFFICE EXPENSE 737 0 0 PROFESSIONAL FEES 380 0 0 OFFICE EXPENSE 350 0 0 SUPPLIES 150 0 0 OFFICE EXPENSE 62 0 0 TOTAL 262,342 0 0 FORM 990, PART XI, LINE 9 BOOK / TAX DEPRECIATION DIFFERENCE 2 ADJUSTMENT RELATED TO HUDSON HOSPITALITY 1,191,698 TOTAL 1,191,700 GALVAN HOUSING RESOURCES INC 42 WEST 39TH ST 14TH FL NEW YORK NY 10018 141664264 HOUSING NY 501C3 7 N/A false CIVIC INITIATIVES FOUNDATION 42 WEST 39TH STREET 14TH FLOOR NEW YORK NY 10018 454110216 PRESERVATI NY 501C3 PF N/A false GALVAN FOUNDATION CHARITABLE TRUST 42 WEST 39TH STREET 14TH FLOOR NEW YORK NY 10018 454110126 CHARITABLE NY 501C3 PF N/A false GALVAN CIVIC 1 INC 42 WEST 39TH STREET 14TH FLOOR NEW YORK NY 10018 465286303 HOUSING NY 501C3 7 N/A false RICHARDSON HALL GP 252 COLUMBIA STREET HUDSON NY 12534 141821163 RENTAL R/E NY GALVAN ASSET MANAGEMENT INC RELATED false true HUDSON HOMESTEAD LP 42 W 39TH ST NEW YORK NY 10018 201802123 RENTAL R/E NY GALVAN HOUSING RESOURCES RELATED false true RICHARDSON HALL LP 42 W 39TH ST NEW YORK NY 10018 141821212 RENTAL R/E NY RICHARDSON HALL GP RELATED false false RDC ASSOICATES-I LP 42 W 39TH ST NEW YORK NY 10018 030466981 RENTAL R/E NY GALVAN ASSET MANAGEMENT INC RELATED false false false false false true true false false false false false false true false true true false false false false GALVAN CIVIC I INC E 22607 GALVAN FOUNDATION CHARITABLE TRUST E 15459 CIVIC INITIATIVE FOUNDATION E 781697 GALVAN PARTNERS D 106026 GALVAN HOUSING RESOURCES N GALVAN HOUSING RESOURCES E 118441 GALVAN HOUSING RESOURCES O 83304 GALVAN HOUSING RESOUCES L 45040 CIVIC INITIATIVE FOUNDATION O 24000 CIVIC INITIATIVE FOUNDATION L 96000