2024-06-24T12:52:41-07:00 2023-06-30 261726741 WatsonRice LLP 31 West 34th Street 7006 New York NY 10001 990 2022-07-01 116083182 Bedford Stuyvesant Restoration Corporation BEDF 7186366900 1368 Fulton Street Brooklyn NY 11216 Blondel A Pinnock President & CEO 2024-06-24 true Blondel A Pinnock 999009999 true Baruti Bediako CPA P00740658 2124477300 3 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z Francila Carlson 1368 Fulton Street Brooklyn NY 11216 12532844 false X www.restorationplaza.org X 1967 NY See Organization's Mission on Schedule O. 20 20 213 3 0 8916692 8815712 1972097 1552306 616480 153941 -1077003 -869221 10428266 9652738 0 0 6871485 8328122 70000 80000 80000 4844735 4368231 11786220 12776353 -1357954 -3123615 64996844 62952981 36403335 37258404 28593509 25694577 X The nation's first community development organization, partners with community residents, leaders and businesses to improve the quality of life of Central Brooklyn by fostering economic self suffiency, enhancing family stability and growth, promoting arts and culture and transforming the community into a safe, vibrant place to live, work and visit. false false 4589004 Workforce and Economic Development - Through its workforce development initiative the organization is able to provide a continuum of job preparedness and placement services to assist Community residents to enter or re-enter the workplace. Additionally, the organization is partnering with community businesses and leaders in providing services that foster a clean, safe and vibrant business district in Bedford Stuyvesant and Central Brooklyn. 2268007 COMMERCIAL REVITALIZATION - The organization is engaged in facilitating the expansion and enhancement of business in underserved communities to combat urban decay and to create jobs and business opportunities. 1837244 Weatherization Assistance and Energy Conservation - Through this program the organization has been weatherizing resdential units of low income and elderly tenants to reduce fuel consumption and conserve energy for nearly thirty years. In addition to the reduction in energy consumption the program provides an economic benefit to community- based contractors and sellers of construction material. 604983 9299238 true true false false false false false false true false true false false true true false false true false false false false false true true false false false false true false false false false false false false false false false false false true true true true false false true 42 0 true 213 true false false false false false false false 0 false false false false false false false X 20 20 false false false false false false false true true false false true true true true true true true true false NY X Francila Carlson - 7186366900 1368 Fulton Street Brooklyn NY 11216 Colvin Grannum President & CEO 35.00 1.00 X X 287785 0 43268 Francila Carlson Exec. VP/CFAO 35.00 1.00 X X 279950 0 13341 Tracey Capers Exec. VP 35.00 0.00 X X 201702 0 11231 Renee Jenkins Exec. VP 35.00 0.00 X X 178798 0 10951 Gordon Bell Exec. VP 35.00 0.00 X X 145559 0 34728 Blondel Pinnock President 35.00 0.00 X X 166849 0 1403 Kevin G Chavers Chairman 1.00 0.00 X X 0 0 0 Erika Irish Brown Vice Chair 1.00 0.00 X X 0 0 0 Shawn Austin Member 1.00 0.00 X 0 0 0 Marisha L Clinton CPA Treasurer 1.00 0.00 X X 0 0 0 Joseph Lynch Esq Member 1.00 0.00 X 0 0 0 Binta Vann Member 1.00 0.00 X 0 0 0 Cameron Arrington Member 1.00 0.00 X 0 0 0 Eric Eve Member 1.00 0.00 X 0 0 0 David Ehrenberg Member 1.00 0.00 X 0 0 0 Benjamin A Glascoe Member 1.00 0.00 X 0 0 0 Lindsay Greene Member 1.00 0.00 X 0 0 0 Depelsha Thomas McGruder Member 1.00 0.00 X 0 0 0 David Offensend Member 1.00 0.00 X 0 0 0 Timothy L Simons Secretary 1.00 0.00 X 0 0 0 Albert C Wiltshire Member 1.00 0.00 X 0 0 0 Glenn E Sharpe Member 1.00 0.00 X 0 0 0 Dr Wayne Riley Member 1.00 0.00 X 0 0 0 Lenue H Singletary III Member 1.00 0.00 X 0 0 0 Peter M Williams Member 1.00 0.00 X 0 0 0 1260643 114922 6 false true false Real Windows LLC 1 Ashel Lane Monsey NY 10952 Sub-Constractor 551578 Core Z Operations 1356 Broadway New York NY 10018 Food/Venue 1 487049 6392120 1936543 8815712 Administrative Fees 561000 1138506 1138506 Developer Fees 900099 153000 153000 OTHER PROGRAM REVENUE 900099 60800 60800 Rental Income 531190 200000 200000 1552306 153941 153941 0 0 1618585 2648932 -1030347 -1030347 -1030347 0 149500 487049 231174 -81674 -81674 0 0 OTHER 900099 242800 242800 242800 9652738 764759 72267 0 0 0 0 1295701 409455 886246 0 5452325 3817922 1634403 0 1079947 714171 365776 500149 320364 179785 0 0 131181 91989 39192 0 80000 80000 0 557276 507016 50260 60831 38217 22614 253783 170976 82807 0 0 525135 493842 31293 21074 19689 1385 0 0 232597 232597 0 861548 847173 14375 217777 182453 35324 Construction Cost 804964 804964 Other Expense 502402 502402 Repairs and Maintenance 163130 120652 42478 Meals 25066 19315 5751 11467 6041 5426 12776353 9299238 3397115 80000 2271900 910334 0 3583995 3183348 539396 536853 0 0 30982018 30388361 0 314743 42905 46847058 23262218 24708919 23584840 0 0 0 0 2595873 4306340 64996844 62952981 3609329 4706118 2652032 2042296 210061 123350 27904365 27440933 2027548 2945707 36403335 37258404 X 28593509 25694577 28593509 25694577 64996844 62952981 -3123615 224683 X false true X true true true X 7325522 8362528 9392061 8916690 8815712 42812513 0 0 7325522 8362528 9392061 8916690 8815712 42812513 0 42812513 2653450 2380701 1739675 2085896 1772526 10632248 0 0 53444761 7477855 0.80110 0.79330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true 1915902 1915902 37047034 18142594 18904440 988953 629582 359371 6459149 4490042 1969107 436020 436020 23584840 Deferred Costs 931571 Due from Affiliates 2903715 Escrow deposit 67171 Other Deposits 66696 Other receivable 276341 Tenant Security Deposit & Escrow 60846 4306340 Deferred Compensation Liability 118734 Due to affiliates 1973297 Operating Lease liability 26831 Other Liabilities 826845 2945707 X X X X X X X true Dwight Johnson 276 Fifth Ave New York NY 10001 Annual Gala/10K Run true 636549 80000 556549 636549 80000 556549 NY Annual Gala 636549 487049 149500 231174 636549 487049 149500 231174 231174 -81674 X X X X X X false false false false false false false false false Blondel Pinnock President 166849 1403 168252 Colvin Grannum President & CEO 287785 43268 331053 Francila Carlson Exec. VP/CFAO 279950 13341 293291 Gordon Bell Exec. VP 145559 34728 180287 Renee Jenkins Exec. VP 178798 10951 189749 Tracey Capers Exec. VP 201702 11231 212933 Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: COMMERCIAL REVITALIZATION - The organization is engaged in facilitating the expansion and enhancement of business in underserved communities to combat urban decay and to create jobs and business opportunities. Form 990, Part VI, Section B, Line 11b The completed form 990 is presented to the governing body as well as the Executive Vice President/Chief Financial and Administrative Officer to ensure accuracy, completeness and consistency of information reported on the Form 990 and the audited financial statements. It is then reviewed by the President and the Audit Committee before it is filed. Form 990, Part VI, Section B, Line 12c The conflict of interest policy is addressed at the board meetings. Management ensures that conflict of interest is addressed at the annual board meeting and that conflict of interest statements are signed annually by each board member. Form 990, Part VI, Section B, Line 15b The Executive Committee of the Board appoints a Compensation Committee, which consists of independent directors. The Compensation Committee obtains published comparability data, consults with outside counsel and then recommends a compensation package to the Executive Committee which then authorizes outside counsel to negotiate a written contract with the CEO. The written contract reflects the decision of the Executive Committee on behalf of the Board of Directors.Compensation for the officers are negotiated by CEO after reviewing comparable data. Form 990, Part VI, Section C, Line 19 The organization makes its governing documents, conflict of interest, and financial statement available to the general public upon request. BSRC Venture Properties LLC 1560 Fulton Street Brooklyn NY 11217 Rental Real Estate NY 200000 17842120 Bedford Stuyvesant Restoration Corp RDC Commercial Center Inc 1368 Fulton Street Brooklyn NY 11216 112249649 Develop & operate commerical/retail facilities NY 501(c)(3) 11, Type 1 Bedford Stuyvesant Restoration Corp true Sheffield Rehabilitation Corporation 1368 Fulton Street Brooklyn NY 11216 112236068 Construction / Management NY 501(c)(3) 7 Bedford Stuyvesant Restoration Corp true BSR Housing Development Fund Inc 1368 Fulton Street Brooklyn NY 11216 112249289 Creation & Maintenance of Affordable Housing NY 501(c)(3) 7 Bedford Stuyvesant Restoration Corp true Restore Housing Development Fund Corp 1368 Fulton Street Brooklyn NY 11216 237191990 Creation/Maintenance of Affordable Housing NY 501(c)(3) 7 Bedford Stuyvesant Restoration Corp true Greene Avenue Housing Development Fund C 1368 Fulton Street Brooklyn NY 11216 112468657 LOW INCOME HOUSING NY 501(c)(3) 7 Bedford Stuyvesant Restoration Corp true 1921-25 Fulton Street Housing Developmen 1368 Fulton Street Brooklyn NY 11216 113098194 Creation & Maintenance of Affordable Housing NY 501(c)(3) 7 Bedford Stuyvesant Restoration Corp true BSRC Neighborhood Home HDFC 1368 Fulton Street Brooklyn NY 11216 760703840 Development of Affordable Housing NY Applied fo Applied for Bedford Stuyvesant Restoration Corp true Restoration Capital Fund Inc 1368 Fulton Street Brooklyn NY 11216 113458791 Promote economic development NY 501(c)(3) 7 Bedford Stuyvesant Restoration Corp true RDC of Bedford Stuyvesant Inc 1368 Fulton Street Brooklyn NY 11216 112242720 Developer NY Bedford Stuyvesant R C Corp 1.00000 true CDR Management Corporation 1368 Fulton Street Brooklyn NY 11216 113138642 Managing Agent NY Bedford Stuyvesant R C CORP. 1.00000 true The Platinum Factory Inc 1368 Fulton Street Brooklyn NY 11216 113186969 Recording Studio NY Bedford Stuyvesant R C CORP 1.00000 true Restoration Supermarket Corp 1368 Fulton Street Brooklyn NY 11216 112491093 Supermarket NY Bedford Stuyvesant R C CORP. 1.00000 true 4R Brooklyn Inc 1368 Fulton Street Brooklyn NY 11216 273711333 CONSTRUCTION NY Bedford Stuyvesant R C Corp 1.00000 true false false false false false false false false false false false false false false false false false false false