Civic Intelligence

Gregene Housing Development Fund Corporation

990 • Fiscal year 2023 • EIN 80-0818949

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 24, 2024

Organization ProfileN/A
230 Kingston AvenueBrooklyn, NY 11213

(212) 665-5500

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$1,991,291

Down $105,338 (-5.0%) from 2022

Net Assets

Down

-$760,813

Down $94,486 (-14%) from 2022

Liabilities

Down

$2,752,104

Down $10,852 (-0.4%) from 2022

Revenue And Expenses

Revenue

Up

$376,891

Up $18,852 (+5.3%) from 2022

Expenses

Up

$471,377

Up $56,166 (+14%) from 2022

Net Income

Down

-$94,486

Down $37,314 (-65%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2012: $2,069,181Liabilities 2012: $2,180,361Net Assets 2012: -$111,1802012Assets 2013: $2,062,005Liabilities 2013: $2,182,933Net Assets 2013: -$120,9282013Assets 2014: $2,004,340Liabilities 2014: $2,192,386Net Assets 2014: -$188,0462014Assets 2015: $1,963,723Liabilities 2015: $2,183,077Net Assets 2015: -$219,3542015Assets 2016: $1,909,949Liabilities 2016: $2,185,404Net Assets 2016: -$275,4552016Assets 2017: $1,872,247Liabilities 2017: $2,201,408Net Assets 2017: -$329,1612017Assets 2018: $1,814,628Liabilities 2018: $2,190,925Net Assets 2018: -$376,2972018Assets 2019: $1,809,093Liabilities 2019: $2,193,370Net Assets 2019: -$384,2772019Assets 2020: $1,805,544Liabilities 2020: $2,208,612Net Assets 2020: -$403,0682020Assets 2021: $1,753,171Liabilities 2021: $2,214,297Net Assets 2021: -$461,1262021Assets 2022: $2,096,629Liabilities 2022: $2,762,956Net Assets 2022: -$666,3272022Assets 2023: $1,991,291Liabilities 2023: $2,752,104Net Assets 2023: -$760,8132023Assets 2024: $1,908,510Liabilities 2024: $2,728,474Net Assets 2024: -$819,9642024

Highlighted filing

2023

Assets$1,991,291
Liabilities$2,752,104
Net Assets-$760,813
Open 2023 Filing

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2012: $259,9302012Revenue 2013: $326,315Expenses 2013: $336,063Net Income 2013: -$9,7482013Revenue 2014: $340,463Expenses 2014: $407,581Net Income 2014: -$67,1182014Revenue 2015: $342,655Expenses 2015: $373,963Net Income 2015: -$31,3082015Revenue 2016: $349,104Expenses 2016: $405,205Net Income 2016: -$56,1012016Revenue 2017: $351,188Expenses 2017: $404,894Net Income 2017: -$53,7062017Revenue 2018: $356,782Expenses 2018: $403,918Net Income 2018: -$47,1362018Revenue 2019: $369,391Expenses 2019: $377,371Net Income 2019: -$7,9802019Revenue 2020: $365,753Expenses 2020: $384,544Net Income 2020: -$18,7912020Revenue 2021: $361,961Expenses 2021: $420,019Net Income 2021: -$58,0582021Revenue 2022: $358,039Expenses 2022: $415,211Net Income 2022: -$57,1722022Revenue 2023: $376,891Expenses 2023: $471,377Net Income 2023: -$94,4862023Revenue 2024: $410,601Expenses 2024: $469,752Net Income 2024: -$59,1512024

Highlighted filing

2023

Revenue$376,891
Expenses$471,377
Net Income-$94,486
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 24, 2024
Return Version
2023v5.0
Gross Receipts
$376,891
Mission and Program Overview

Mission

This Corporation has beeen organized exclusively to assist in the acquisition and operation, on a non-profit basis, of a housing project for persons of low income.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,464,011$1,374,632▼ $89,379
Cash and Non-Interest-Bearing Accounts$262,872$264,135▲ $1,263
Accounts Receivable$26,131$44,693▲ $18,562
Prepaid Expenses and Deferred Charges$17,061$19,664▲ $2,603
Total Assets$2,096,629$1,991,291▼ $105,338
Other Assets Total$326,554$288,167▼ $38,387
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,642,416$2,642,416→ $0
Accounts Payable and Accrued Expenses$82,926$64,897▼ $18,029
Other Liabilities$27,008$29,949▲ $2,941
Deferred Revenue$10,606$14,842▲ $4,236
Total Liabilities$2,762,956$2,752,104▼ $10,852
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-666,327$-760,813▼ $94,486
Total Net Assets Fund Balance$-666,327$-760,813▼ $94,486
Total Liabilities and Net Assets / Fund Balance$2,096,629$1,991,291▼ $105,338

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$977,763$702,768$1,680,531
Leasehold Improvements$390,040$346,618$736,658
Equipment$3,429$4,571$8,000
Land$3,400-$3,400
Other Assets Org$2,371--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Val HenryExecutive Di$190,738$190,738

Board Members and Trustees

NameTitle
Charles ThomasChairman
Alecia D MasonVice Chairma
Val HenryExecutive Director
C Allyson Franklin EsqMember
Kenneth L Pyle SrMember
Kenneth LaidlowMember
Michael Bailey EsqMember
Mildred SmithMember
Sonia ClarkeMember
Steve CromityMember
Victoria Powe-bittleMember
Von JosephMember
Cory SargeantTreasurer Pr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$359,573
Investment Income
$5,882
Other Revenue
$11,436
Change in Net Assets
$-94,486

Audited Revenue Reconciliation

Revenue per Audited Statements
$376,891
Total Revenue per Audited Statements
$376,891
Total Revenue per Form 990
$376,891
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$399,624
Salaries, Compensation, and Employee Benefits$71,753
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$97,350--$97,350
Depreciation Depletion$89,379--$89,379
Other Salaries and Wages$48,998$5,444-$54,442
Insurance$49,997--$49,997
Fees for Services Legal$34,742--$34,742
Fees for Services Management-$29,032-$29,032
Fees for Services Accounting-$15,911-$15,911
Other Employee Benefits$11,404--$11,404
Office Expenses$6,349$1,165-$7,514
Payroll Taxes$4,176$1,731-$5,907
Fees for Services Other$4,962--$4,962
Other Expenses$614$2,029-$614
Travel$35--$35
Total Functional Expenses$416,065$55,312$0$471,377

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$471,377
Total Expenses per Audited Statements$471,377
Total Expenses per Form 990$471,377
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits Payable$26,135
Due to Related Parties$3,814
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“The board contracted lwc management 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

“On an annual basis, all board members, managing agent and key employees are required to disclose any conflict or potential conflict of interest. The disclosures are reviewed by the board members. Any member (s) with conflict of interest will not be allowed to vote on matters related to the conflict of interest.”

Form 990, Page 6, Part VI, Line 15A

“The board reviews the compensation for key employees as recommended by the managing agent based on compensation information for the same positions in similar organizations.”

Form 990, Page 6, Part VI, Line 15B

“The board reviews the compensation for key employees as recommended by the managing agent based on compensation information for the same positions in similar organizations.”

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 conflict of interest policy, and financial statements available to the public upon written request to the managing agent, lwc management located at 2090 adam clayton powell, jr. Bldv., suite 203, new york, ny 10027 or by calling (212) 665-5500.”

Filing and Contact Details

Filer

Filer Name
Gregene Housing Development
EIN
80-0818949
Phone
2126655500
Address
230 KINGSTON AVENUE, BROOKLYN, NY 11213

Signing Officer

Name
Val Henry
Title
Executive Director
Phone
2126655500
Signed
2024-09-24

Organization Details

Principal Officer
Val Henry
Formed
2012
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
12

Preparer

Firm
Galleros Robinson
Address
115 DAVIS STATION RD, CREAM RIDGE, NJ 08514
Preparer
Leonora Galleros
Phone
6469210400
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Part XII, Line 2C

“The process has not changed from prior year.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization is exempt from federal income tax under section 501(c)(3) of the internal revenue code. However, income from certain activities not directly related to the organizations tax-exempt purpose is subject to taxation as unrelated business income. The organization recognizes the effect of income tax positions only if those positions are more-likely-than-not be sustained upon examination of taxing authorities. Management has determined that the organization had no uncertain tax positions that would require financial statement recognition or disclosure. The organization is no longer subject to audits by the applicable taxing jurisdictions for years prior to 2020. Currently, there are no audits in progress.”

Raw XML AppendixShowing 400 of 602 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt082926
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt064897
IRS990/AccountsReceivableGrp/BOYAmt026131
IRS990/AccountsReceivableGrp/EOYAmt044693
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0GREGENE 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.
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0LWC MANAGEMENT CORPORATION
IRS990/BooksInCareOfDetail/PhoneNum02126655500
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02090 ADAM CLAYTON POWELL JR BLVD
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010027
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0262872
IRS990/CashNonInterestBearingGrp/EOYAmt0264135
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt05882
IRS990/CYOtherExpensesAmt0399624
IRS990/CYOtherRevenueAmt011436
IRS990/CYProgramServiceRevenueAmt0359573
IRS990/CYRevenuesLessExpensesAmt0-94486
IRS990/CYSalariesCompEmpBnftPaidAmt071753
IRS990/CYTotalExpensesAmt0471377
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0376891
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt010606
IRS990/DeferredRevenueGrp/EOYAmt014842
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt089379
IRS990/DepreciationDepletionGrp/TotalAmt089379
IRS990/Desc0THE 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.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0416065
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt015911
IRS990/FeesForServicesAccountingGrp/TotalAmt015911
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt034742
IRS990/FeesForServicesLegalGrp/TotalAmt034742
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt029032
IRS990/FeesForServicesManagementGrp/TotalAmt029032
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt04962
IRS990/FeesForServicesOtherGrp/TotalAmt04962
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt039.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.25
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt07170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/PersonNm0VAL HENRY
IRS990/Form990PartVIISectionAGrp/PersonNm1CHARLES THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm2ALECIA D MASON
IRS990/Form990PartVIISectionAGrp/PersonNm3CORY SARGEANT
IRS990/Form990PartVIISectionAGrp/PersonNm4MICHAEL BAILEY ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm5C ALLYSON FRANKLIN ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm6STEVE CROMITY
IRS990/Form990PartVIISectionAGrp/PersonNm7SONIA CLARKE
IRS990/Form990PartVIISectionAGrp/PersonNm8MILDRED SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm9VICTORIA POWE-BITTLE
IRS990/Form990PartVIISectionAGrp/PersonNm10VON JOSEPH
IRS990/Form990PartVIISectionAGrp/PersonNm11KENNETH LAIDLOW
IRS990/Form990PartVIISectionAGrp/PersonNm12KENNETH L PYLE SR
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0183568
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER PR
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0376891
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt012
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt049997
IRS990/InsuranceGrp/TotalAmt049997
IRS990/InvestmentIncomeGrp/ExclusionAmt05882
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05882
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt019
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01053957
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01464011
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01374632
IRS990/LandBldgEquipCostOrOtherBssAmt02428589
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0GREGENE 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02642416
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02642416
IRS990/NetAssetsOrFundBalancesBOYAmt0-666327
IRS990/NetAssetsOrFundBalancesEOYAmt0-760813
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-666327
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-760813
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt097350
IRS990/OccupancyGrp/TotalAmt097350
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01165
IRS990/OfficeExpensesGrp/ProgramServicesAmt06349
IRS990/OfficeExpensesGrp/TotalAmt07514
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0326554
IRS990/OtherAssetsTotalGrp/EOYAmt0288167
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt011404
IRS990/OtherEmployeeBenefitsGrp/TotalAmt011404
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2FINES, FEES AND PENALTIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02029
IRS990/OtherExpensesGrp/ProgramServicesAmt068059
IRS990/OtherExpensesGrp/ProgramServicesAmt1614
IRS990/OtherExpensesGrp/TotalAmt068059
IRS990/OtherExpensesGrp/TotalAmt12029
IRS990/OtherExpensesGrp/TotalAmt2614
IRS990/OtherLiabilitiesGrp/BOYAmt027008
IRS990/OtherLiabilitiesGrp/EOYAmt029949
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt011436
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt011436
IRS990/OtherRevenueTotalAmt011436
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt05444
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt048998
IRS990/OtherSalariesAndWagesGrp/TotalAmt054442
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01731
IRS990/PayrollTaxesGrp/ProgramServicesAmt04176
IRS990/PayrollTaxesGrp/TotalAmt05907
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017061
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019664
IRS990/PrincipalOfficerNm0VAL HENRY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0LOW-INCOME HOUSING RENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0359573
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0359573
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02080
IRS990/PYOtherExpensesAmt0354791
IRS990/PYOtherRevenueAmt03133
IRS990/PYProgramServiceRevenueAmt0352826
IRS990/PYRevenuesLessExpensesAmt0-57172
IRS990/PYSalariesCompEmpBnftPaidAmt060420
IRS990/PYTotalExpensesAmt0415211
IRS990/PYTotalRevenueAmt0358039
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-94486
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0371009
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 16,742
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt05882
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02080
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01535
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02577
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03373
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt015447
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0359573
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0352826
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0359246
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0363176
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0364713
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01799534
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05882
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02080
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01535
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02577
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03373
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt015447
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt011436
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt03133
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01180
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0-312
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01305
IRS990ScheduleA/OtherIncome509Grp/TotalAmt016742
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98240
IRS990ScheduleA/PublicSupportPY509Pct00.98950
IRS990ScheduleA/PublicSupportTotal509Amt01799534
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0359573
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0352826
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0359246
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0363176
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0364713
IRS990ScheduleA/Total509Grp/TotalAmt01799534
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0376891
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0358039
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0361961
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0365441
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0369391
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01831723
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0977763
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0702768
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01680531
IRS990ScheduleD/EquipmentGrp/BookValueAmt03429
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04571
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08000
IRS990ScheduleD/ExpensesSubtotalAmt0471377
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt03400
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03400
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0390040
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0346618
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0736658
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0133734
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1114999
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt226135
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt310928
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt42371
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OPERATING RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3UTILITIES DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4DUE FROM RELATED PARTIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt026135
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13814
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO RELATED PARTIES
IRS990ScheduleD/RevenueSubtotalAmt0376891
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATIONS TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION OF TAXING AUTHORITIES. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION IS NO LONGER SUBJECT TO AUDITS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO 2020. CURRENTLY, THERE ARE NO AUDITS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01374632
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0288167
IRS990ScheduleD/TotalExpensesPerForm990Amt0471377
IRS990ScheduleD/TotalLiabilityAmt029949
IRS990ScheduleD/TotalRevenuePerForm990Amt0376891
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0376891
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0471377
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0183568
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt07170
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0VAL HENRY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0190738
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD CONTRACTED LWC MANAGEMENT CORPORATION TO MANAGE THE RENTAL PROPERTY THROUGH A MANAGEMENT CONTRACT AGREEMENT. THE MANAGEMENT COMPANY REPORTS TO THE BOARD ON A MONTHLY BASIS.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,991,291
Liabilities
$2,752,104
Net assets
-$760,813
Revenue
$376,891
Expenses
$471,377
Net income
-$94,486
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.91$2.73$0.82$0.41$0.47$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.99$2.75$0.76$0.38$0.47$0.09
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.10$2.76$0.67$0.36$0.42$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.75$2.21$0.46$0.36$0.42$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.81$2.21$0.40$0.37$0.38$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.81$2.19$0.38$0.37$0.38$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.81$2.19$0.38$0.36$0.40$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.87$2.20$0.33$0.35$0.40$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.91$2.19$0.28$0.35$0.41$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.96$2.18$0.22$0.34$0.37$0.03
2014Detailed filing. Detailed filing data is available for this year.$2.00$2.19$0.19$0.34$0.41$0.07
2013Detailed filing. Detailed filing data is available for this year.$2.06$2.18$0.12$0.33$0.34$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.07$2.18$0.11$0.26