Galvan Housing Resources Inc
- Assets
- $3.5m
- Revenue
- $423.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Hudson, NY
- Founding
- 03/1987
- Data as of
- 06/2021
- EIN
- 14-1664264
Organization Overview
Galvan Housing Resources Inc is located in Hudson, NY. The organization was established in 1987. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Galvan Housing Resources Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Galvan Housing Resources 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 06/2021, Galvan Housing Resources Inc generated $423.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $382.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE HOUSING CONDITIONS AND INCREASE HOUSING CHOICES THROUGHOUT COLUMBIA COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING RESOURCES OF COLUMBIA COUNTY, INC. HAS AS ITS STATED OBJECTIVES THE FOLLOWING: 1) REDUCE THE INCIDENCE OF SUBSTANDARD HOUSING: 2) IMPROVE THE OPPORTUNITY FOR OWNER OCCUPIES HOUSING: 3) DEVELOP A LONG-RANGE PLANFOR ADDRESSING COMMUNITY HOUSING NEEDS: 4) INCREASE THE INVENTORY OF RESOURCES AVAILABLE TO ADDRESS THE COMMUNITY'S HOUSING AND DEVELOPMENT NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Kent Treasurer | OfficerTrustee | 1 | $0 |
Rafal Markwat Secretary | OfficerTrustee | 1 | $0 |
T Eric Galloway President | OfficerTrustee | 5 | $0 |
Rodney Russo Trustee | Officer | 1 | $0 |
Richard Scalera Trustee | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $168,744 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $171,244 |
| Total Program Service Revenue | $230,102 |
| Investment income | $20,752 |
| 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 | $423,595 |
| 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 | $32,333 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,804 |
| Fees for services: Management | $1,221 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,126 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,217 |
| Office expenses | $1,033 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $69,162 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,686 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,341 |
| Insurance | $9,222 |
| All other expenses | $6,763 |
| Total functional expenses | $382,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,436 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $34,604 |
| Accounts receivable, net | $10,883 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,763 |
| Net Land, buildings, and equipment | $1,510,704 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,791,595 |
| Total assets | $3,525,985 |
| Accounts payable and accrued expenses | $89,198 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,410,960 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,286 |
| Total liabilities | $1,523,444 |
| Net assets without donor restrictions | $2,002,541 |
| 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 | $3,525,985 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Galvan Housing Resources Inc has recieved totaling $27,212.
| Awarding Organization | Amount |
|---|---|
Galvan Foundation Charitable Trust New York, NY PURPOSE: PROGRAM SUPPORT | $27,212 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Connecticut Institute For Communities Inc Danbury, CT | $23,773,882 | $36,794,150 |
Pidc-Developement Management Corporation Philadelphia, PA | $0 | $30,722,052 |
Delaware River Waterfront Corporation Philadelphia, PA | $26,551,411 | $24,883,136 |
T R W I B Inc Pittsburgh, PA | $14,392,055 | $22,959,509 |
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Insitech Inc Warren, NJ | $450,270 | $14,466,949 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |
Alleghenies Planning And Development Commission Altoona, PA | $25,721,818 | $9,986,298 |
Sports Fans Coalition Ny Inc Ronkonkoma, NY | $633,460 | $8,459,536 |
Greater Philadelphia Tourism Marketing Corporation Philadelphia, PA | $11,403,385 | $8,019,397 |
Greater Boston Convention And Tourist Bureau Inc Boston, MA | $3,175,283 | $8,778,402 |