Meadowbrook Development Corp
- Assets
- $353.7k
- Revenue
- $172.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Uniondale, NY
- Founding
- 03/2007
- Data as of
- 12/2021
- EIN
- 20-3536337
Organization Overview
Meadowbrook Development Corp is located in Uniondale, NY. The organization was established in 2007. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meadowbrook Development Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2014 THE MEADOWBROOK DEVELOPMENT CORP OBTAINED A GRANT FROM NASSAU COUNTY OFFICE OF HOUSING & COMMUNITY DEVELOPMENT'S NEIGHBORHOOD STABILIZATION PROGRAM WHICH WAS USED TO PURCHASE AND REHABILITATE A SINGLE FAMILY HOME IN ROOSEVELT NEW YORK. THE REHABILITATION WAS COMPLETED AND A CERTIFICATE OF OCCUPANCY WAS ISSUED IN 2015. IN MARCH OF 2017 INITIAL OCCUPANCY BEGAN AND HAS CONTINUED THROUGHOUT 2019.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank J Saracino President | 1 | $0 | |
Ronnie W Lawrence Director | 1 | $0 | |
Michael J Ricigliano Director | 1 | $0 | |
Henry Holley Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $164,269 |
| Capital Gain Net Income | $164,269 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,535 |
| Total Revenue | $172,804 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $1,637 |
| Occupancy | $4,086 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,573 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $6,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $353,665 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $353,665 |
| Accounts payable and accrued expenses | $850 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $850 |