Galvan Housing Resources Inc
- Assets
- $3.6m
- Revenue
- $405.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Hudson, NY
- Founding
- 03/1987
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Galvan Housing Resources Inc generated $405.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $326.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (19.2%) 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
2022
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
T Eric Galloway President | OfficerTrustee | 5 | $0 |
Dan Kent Treasurer | OfficerTrustee | 10 | $0 |
Rafal Markwat Secretary | OfficerTrustee | 1 | $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 | $156,970 |
| 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 | $159,470 |
| Total Program Service Revenue | $219,904 |
| Investment income | $20,485 |
| 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 | $405,278 |
| 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 | $21,527 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,905 |
| Fees for services: Management | $1,346 |
| Fees for services: Legal | $19,959 |
| Fees for services: Accounting | $17,732 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,635 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,110 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,394 |
| Insurance | $4,487 |
| All other expenses | $4,984 |
| Total functional expenses | $326,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,924 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $15,604 |
| Accounts receivable, net | $12,183 |
| 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 | $11,121 |
| Net Land, buildings, and equipment | $1,493,881 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,808,780 |
| Total assets | $3,578,493 |
| Accounts payable and accrued expenses | $65,857 |
| 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 | $1,400,738 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,626 |
| Total liabilities | $1,497,221 |
| Net assets without donor restrictions | $2,081,272 |
| 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 | $3,578,493 |