2024-12-05T10:10:14-06:00 2024-06-30 872525370 CITRIN COOPERMAN ADVISORS LLC 50 ROCKEFELLER PLAZA NEW YORK NY 10020 990 2023-07-01 132679034 SOUTHEAST GRAND STREET GUILD HDFC INC C/O COMERFORD & DOUGHERTY LLP SOUT 5162484817 1122 FRANKLIN AVENUE SUITE 406 GARDEN CITY NY 11530 KEVIN CRONIN PRESIDENT 5162484817 2024-12-02 1 1 AMANDA ADAMS P00748038 2126971000 2024-12-02 2023 2024-10-15 13:58:12Z KEVIN CRONIN 1122 FRANKLIN AVENUE SUITE 406 GARDEN CITY NY 11530 11239143 0 X N/A X 1970 NY TO PROVIDE RENTAL APARTMENTS FOR PERSONS WITH VERY LOW INCOME. 7 7 29 0 0 0 0 0 10185110 10542244 48107 56811 0 0 10233217 10599055 4250000 1500000 0 0 821183 960618 0 0 0 6794421 7374444 11865604 9835062 -1632387 763993 29829514 30329710 53294538 53022851 -23465024 -22693141 TO PROVIDE RENTAL APARTMENTS FOR PERSONS WITH VERY LOW INCOME. 0 0 7483698 10542244 THE CORPORATION OWNS AND OPERATES 200 RENTAL APARTMENTS FOR PERSONS WITH VERY LOW INCOME. 1500000 1500000 DURING THE YEAR, THE ORGANIZATION DISTRIBUTED FUNDS FROM AVAILABLE SURPLUS CASH TO AN AFFILIATED 501(C)(3)ORGANIZATION, TO BE USED FOR THE DEVELOPMENT OF AFFORDABLE HOUSING AND RELATED SERVICES. 8983698 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 4 0 1 29 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X THE WAVECREST MANAGEMENT TEAM 7184361200 87-14 116TH STREET RICHMOND HILL NY 11418 X MR KEVIN CRONIN PRESIDENT 2.00 4.00 X X 0 0 0 MSGR KEVIN NELAN DIRECTOR/SECRETARY/TREASURER 2.00 4.00 X X 0 0 0 REV EDWARD BYRNE DIRECTOR 2.00 4.00 X 0 0 0 MR ANGEL DIAZ DIRECTOR 2.00 4.00 X 0 0 0 MR ANGEL GARCIA DIRECTOR 2.00 4.00 X 0 0 0 MS DEBORAH PRESTI-ESCHEN DIRECTOR 2.00 4.00 X 0 0 0 MR JEFF SCHMONES DIRECTOR 2.00 4.00 X 0 0 0 0 0 0 0 0 0 0 THE WAVECREST MANAGEMENT TEAM LTD 87-14 116TH STREET RICHMOND HILL NY 11418 MANAGEMENT 537185 DEFENDER SECURITY SERVICES INC 110-11 72ND AVE STE 1F FOREST HILLS NY 11375 SECURITY 514240 SAGE BUILDERS CORP 7 WEST 36TH STREET SUITE 502 NEW YORK NY 10018 REPAIRS & MAINTENANCE 287295 NEW YORK PLUMBING AND HEATING 87-71 LEFFERTS BLVD RICHMOND HILL NY 11418 REPAIRS & MAINTENANCE 109099 4 RENTAL INCOME 531110 10542244 10542244 10542244 121170 121170 575729 640088 -64359 -64359 -64359 10599055 10542244 0 56811 1500000 1500000 659391 526174 133217 45974 45974 192375 144222 48153 62878 50175 12703 535265 535265 140608 140608 51798 51798 493268 493268 63087 19277 43810 3636195 3625695 10500 1168391 1168391 1164322 1164322 6949 6949 BAD DEBT EXPENSE 105066 105066 LICENSE AND PERMITS 475 475 OTHER RENTING EXPENSE 51 51 8969 8969 9835062 8983698 851364 0 2731471 2708187 2018831 2219833 644266 489429 732871 739343 39162173 18518125 21128019 20644048 2574056 2461092 0 1067778 29829514 30329710 543962 1497449 19317 19154 52573897 51448209 157362 58039 53294538 53022851 X -23465024 -22693141 -23465024 -22693141 29829514 30329710 763993 7890 0 X 0 1 X 1 1 1 X 8584569 9895130 10188221 10185110 10542244 49395274 8584569 9895130 10188221 10185110 10542244 49395274 0 0 0 49395274 75360 41831 20144 48107 121170 306612 75360 41831 20144 48107 121170 306612 8659929 9936961 10208365 10233217 10663414 49701886 0.99380 0.99410 0.00620 0.00590 X 100000 100000 38034119 17683382 20350737 1028054 834743 193311 20644048 TENANTS' SECURITY DEPOSITS 58039 58039 X 10620769 7890 13824 21714 10599055 0 10599055 9848886 13824 13824 9835062 0 9835062 PART X, LINE 2: GAAP REQUIRES EVALUATION OF THE TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE CORPORATION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE LIKELY THAN NOT SUSTAINABLE UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE TAX POSITIONS, AND THEN RECOGNIZING THE TAX BENEFIT THAT IS MORE LIKELY THAN NOT REALIZABLE. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE IN THE CURRENT REPORTING PERIOD. MANAGEMENT BELIEVES ANY SUCH POSITION WOULD BE IMMATERIAL TO THE OVERALL FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ADMINISTRATIVE RENT-FREE UNIT 13,824. PART XII, LINE 2D - OTHER ADJUSTMENTS: ADMINISTRATIVE RENT-FREE UNIT 13,824. 1 GRAND STREET NORTHWEST INC 1122 FRANKLIN AVENUE STE 406 GARDEN CITY NY 11530 475484832 501(C)(3) 1500000 0 SUPPORT DEVELOPMENT OF AFFORDABLE HOUSING AND RELATED SERVICES 1 0 PART I, LINE 2: THE ORGANIZATION ONLY MAKES GRANTS TO AFFILIATED ORGANIZATIONS. THE CLOSE RELATIONSHIP BETWEEN THE ORGANIZATIONS SERVES TO MONITOR THE USE OF THE FUNDS FOR THEIR INTENDED PURPOSES. FORM 990, PART VI, SECTION A, LINE 3 WAVECREST MANAGEMENT TEAM LTD. ("MANAGEMENT COMPANY") PLANS AND EXECUTES THE BUDGET OF SOUTHEAST GRAND STREET GUILD HDFC INC. AND MONITORS ITS FINANCIAL OPERATIONS. THEY ALSO PROVIDE MANAGEMENT REPORTS FOR THE BOARD REVIEW. NO OFFICERS OR DIRECTORS WERE COMPENSATED BY THE MANAGEMENT COMPANY OR COMPANIES OR OTHER PERSON(S) FOR SERVICES PROVIDED TO THE FILING ORGANIZATION OR RELATED ORGANIZATIONS DURING 2023. FORM 990, PART VI, SECTION B, LINE 11B A TENTATIVE DRAFT OF THE FORM 990 (BEFORE IT IS FINALIZED AND SENT TO IRS) IS SENT TO THE ORGANIZATION'S LEGAL COUNSEL VIA EMAIL, WHO REVIEWS AND DISCUSSES THE RETURN WITH THE GOVERNING BODY ALONG WITH THE UNDERLYING FINANCIAL STATEMENTS. ANY SUGGESTED CHANGES OR COMMENTS AND QUESTIONS ARE THEN DISCUSSED WITH THE CPA BY A CONFERENCE CALL. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, DIRECTOR OR TRUSTEE IS REQUIRED TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICTS IN A BOARD MEETING. IF AN ITEM OF CONFLICT COMES TO SURFACE, THE BOARD DISCUSSES AND VOTES ON IT BEFORE AWARDING ANY CONTRACTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ETC. ARE MADE AVAILABLE TO PUBLIC UPON REQUEST. THE COPIES OF THESE DOCUMENTS ARE KEPT AT THE MANAGING AGENT'S OFFICE AND ONCE REQUESTED, THE AGENT WILL MAIL SUCH COPIES BY REGULAR MAIL. GRAND STREET GUILD EAST HDFC INC 1122 FRANKLIN AVENUE SUITE 406 GARDEN CITY NY 11530 132679032 LOW-INCOME HOUSING NY 501(C)(3) LINE 10 N/A 0 GRAND STREET GUILD HDFC INC 1122 FRANKLIN AVENUE SUITE 406 GARDEN CITY NY 11530 132679033 LOW-INCOME HOUSING NY 501(C)(3) LINE 10 N/A 0 ATTORNEY STREET DEVELOPMENT INC 1122 FRANKLIN AVENUE SUITE 406 GARDEN CITY NY 11530 464832959 HOUSING FOR LOW-MODERATE INCOME, ELDERLY, AND HANDICAPPED PERSONS NY 501(C)(3) LINE 12A, I ASSOCIATION OF NEW YORK CATHOLIC HOMES 0 GRAND STREET NORTHWEST INC 1122 FRANKLIN AVENUE SUITE 406 GARDEN CITY NY 11530 475484832 HOUSING FOR LOW-MODERATE INCOME, ELDERLY, AND HANDICAPPED PERSONS NY 501(C)(3) LINE 12A, I ASSOCIATION OF NEW YORK CATHOLIC HOMES 0 NEW YORK INSTITUTE FOR HUMAN DEVELOPMENT 1011 FIRST AVENUE NEW YORK NY 10022 132572413 MANAGE AND OVERSEE AFFORDABLE HOUSING PROJECTS NY 501(C)(3) LINE 7 N/A 0 ASSOCIATION OF NEW YORK CATHOLIC HOMES 1011 FIRST AVENUE NEW YORK NY 10022 270335937 PROTECT, PRESERVE, AND DEVELOP AFFORDABLE HOUSING NY 501(C)(3) LINE 1 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0