Grand Street Northwest Inc
- Assets
- $106.0m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Garden City, NY
- Founding
- 02/2016
- Data as of
- 12/2021
- EIN
- 47-5484832
Organization Overview
Grand Street Northwest Inc is located in Garden City, NY. The organization was established in 2016. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, 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. Grand Street Northwest Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Grand Street Northwest Inc generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (33.3%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING AND RELATED FACILITIES AND SOCIAL SERVICES PROGRAMS TO LOW/MODERATE INCOME, ELDERLY, AND HANDICAPPED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION PLANS TO CONSTRUCT, DEVELOP, AND OPERATE APARTMENT COMPLEXES FOR LOW AND MODERATE INCOME PERSONS, HANDICAPPED PERSONS, AND ELDERLY PERSONS AND TO FUND SOCIAL SERVICES PROGRAMS FOR SUCH FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Msgr Kevin Nelan Director / Secretary | OfficerTrustee | 5 | $0 |
Kevin Cronin Director / President | OfficerTrustee | 5 | $0 |
Larissa Reyes Director | Trustee | 5 | $0 |
Alicia Carmona Director | Trustee | 5 | $0 |
Rev Edward Byrne Director | Trustee | 5 | $0 |
Stan Greyson Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
United Industries & Construction Corp Construction | 12/30/21 | $344,800 |
Comerford & Dougherty Llp Legal | 12/30/21 | $175,796 |
Geto & Demilly Inc Consulting | 12/30/21 | $180,802 |
Henry Street Settlement Social Service Programs | 12/30/21 | $440,763 |
Catholic Charities Communitiy Services Social Service Programs | 12/30/21 | $219,788 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,500 |
| Total Program Service Revenue | $0 |
| Investment income | $2,672,913 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $853,358 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,546,771 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $65,000 |
| Fees for services: Accounting | $18,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $118,898 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $34,523 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $57,316 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $30,245 |
| All other expenses | $0 |
| Total functional expenses | $1,382,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $651,526 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,512,385 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $35,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $30,849,416 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $68,906,219 |
| Total assets | $105,954,546 |
| Accounts payable and accrued expenses | $151,722 |
| Grants payable | $0 |
| Deferred revenue | $1,585,158 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,261,486 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,998,366 |
| Net assets without donor restrictions | $100,956,180 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $105,954,546 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Grand Street Northwest Inc has recieved totaling $15,500.
| Awarding Organization | Amount |
|---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: CAPACITY BUILDING | $15,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Home Headquarters Inc Syracuse, NY | $61,706,462 | $11,933,384 |
Depaul Properties Inc Rochester, NY | $60,046,501 | $8,018,697 |
Isles Inc Trenton, NJ | $25,476,363 | $9,864,108 |
Beech Interplex Inc Philadelphia, PA | $34,852,112 | $5,583,039 |
Center Communities Of Brookline Inc Boston, MA | $21,612,727 | $5,843,127 |
Crispus Attucks Association Of York Pennsylvania York, PA | $24,303,531 | $5,790,154 |
Hrca Brookline Housing 1550 Beacon Plaza Boston, MA | $18,498,571 | $4,652,823 |
North Shore Community Development Coalition Inc Salem, MA | $17,290,346 | $6,893,056 |
Troy Rehabilitation And Improvement Program Inc Troy, NY | $4,527,116 | $4,140,655 |
Opportunity Headquarters Inc Syracuse, NY | $931,819 | $3,257,864 |
Rebuilding Together-Saratoga County Ballston Spa, NY | $1,364,946 | $2,773,949 |
Mutual Housing Association Of Southwestern Connecticut Inc Trumbull, CT | $16,772,020 | $2,661,661 |