Meadowbrook Development Corp is located in Uniondale, NY. The organization was established in 2007. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meadowbrook Development Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2014 THE MEADOWBROOK DEVELOPMENT CORP OBTAINED A GRANT FROM NASSAU COUNTY OFFICE OF HOUSING & COMMUNITY DEVELOPMENT'S NEIGHBORHOOD STABILIZATION PROGRAM WHICH WAS USED TO PURCHASE AND REHABILITATE A SINGLE FAMILY HOME IN ROOSEVELT NEW YORK. THE REHABILITATION WAS COMPLETED AND A CERTIFICATE OF OCCUPANCY WAS ISSUED IN 2015. IN MARCH OF 2017 INITIAL OCCUPANCY BEGAN AND HAS CONTINUED THROUGHOUT 2019.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Frank J Saracino President | 1 | $0 | |
Ronnie W Lawrence Director | 1 | $0 | |
Henry Holley Director | 1 | $0 | |
Michael J Ricigliano Director | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $0 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $164,269 |
Capital Gain Net Income | $164,269 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $8,535 |
Total Revenue | $172,804 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $0 |
Depreciation | $1,637 |
Occupancy | $4,086 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $0 |
Total operating and administrative expenses | $6,573 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $6,573 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $353,665 |
Savings and temporary cash investments | $0 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $353,665 |
Accounts payable and accrued expenses | $850 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $850 |
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