Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc

Organization Overview

Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc is located in Garden City, NY. The organization was established in 2007. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southeast Grand St Guild Hdf Co Inc Residential Management Assoc 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 06/2022, Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc generated $10.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $7.6m during the year ending 06/2022. While expenses have increased by 2.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE RENTAL APARTMENTS FOR PERSONS WITH VERY LOW INCOME

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CORPORATION OWNS AND OPERATES 200 RENTAL APARTMENTS FOR PERSONS WITH VERY LOW INCOME


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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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$10,188,221
Investment income $20,144
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,208,365

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