2017-05-12T14:13:24-07:00 2016-06-30 BCA WATSON RICE LLP 5 PENN PLAZA 15TH FL NEW YORK NY 100011810 990 2015-07-01 112249649 RDC Commercial Center Inc RDCC 7186366938 1368 Fulton Street Brooklyn NY 11216 Colvin W Grannum President/Chair 2017-05-12 true Baruti Bediako CPA P00740658 2124477300 2015 2021-01-29 14:40:06Z Colvin W Grannum 1368 Fulton Street Brooklyn NY 11216 3416617 false false X www.restorationplaza.org X 1992 NY To develop and operate commercial/rental facilities in Bedford Stuyvesant to combat urban decay, create jobs and business opportunities, and stimulate commercial revitalization. 7 1 25 2 0 0 2778051 2863161 290 239 443086 553217 3221427 3416617 0 0 2108602 2028365 0 0 2608765 2859893 4717367 4888258 -1495940 -1471641 17233363 16789098 21440087 22467463 -4206724 -5678365 To develop and operate commercial/rental facilities in Bedford Stuyvesant to combat urban decay, create jobs and business opportunities, and stimulate commercial revitalization. false false 4143356 2863161 To develop and operate commercial/rental facilities in bedford Stuyvesant to combat urban decay, create jobs and business opportunities and stimulate commercial revitalization. 4143356 true false false false false false false false false false true false false false true true true true false false false false false false false false false false false true false false false false false false false false false false false false false false false false true false false false false true 29 0 true 25 true false false false false false false false false 0 false false false false false false false false false false X 7 1 false false false false false false false true false false false true true true true true true true true false NY X Francila Carlson CFO of BSRC 7186366900 1368 Fulton Street Brooklyn NY 11216 Colvin W Grannum President/Chair 1.00 37.50 X X 0 263970 43220 Dyrnest Sinckler Exec VP/V Chair 37.00 1.00 X X 142124 0 14041 Clarence Stewart Vice President 35.00 1.50 X X 78226 0 7083 CHIOMA RUTH ONWUMERE Treasurer 1.00 35.00 X X 0 70930 6293 WADIYAH LATIF Secretary 35.00 1.00 X X 51374 0 7800 Doris Rowley Hoyte Member 1.00 35.00 X 0 58885 7616 Timothy Simons MEMBER 1.00 1.00 X 0 0 0 271724 393785 86053 1 false true false Heightened Security 72 Brooklyn Avenue Brooklyn NY 11216 Security 252099 1 0 Rental Income 532000 2863161 2863161 2863161 239 239 0 0 0 0 0 0 0 Administrative Fees 900099 301894 301894 Other Income 900099 251323 251323 553217 3416617 3416378 239 0 0 0 0 306295 306295 0 1362522 784639 577883 16648 16648 208366 155294 53072 134534 88999 45535 0 12831 12831 40100 40100 0 0 0 421321 421321 3156 3156 114576 114576 0 0 672601 604189 68412 1081 1081 0 0 156099 156099 0 739034 739034 84324 84324 REPAIRS AND MAINTENANCE 320909 320909 Bad Debt Expense 254885 254885 Administrative fees 38976 38976 0 4888258 4143356 744902 0 160526 179173 0 0 554688 283442 0 0 0 0 3490487 3581683 28715077 16308744 12789042 12406333 0 0 0 0 238620 338467 17233363 16789098 812522 606532 3084 2915 17938942 18936554 2685539 2921462 21440087 22467463 X -4206724 -5678365 -4206724 -5678365 17233363 16789098 -1471641 X false true X true false X X 1 Bedford Stuyvesant Restoration Corp 116083182 7 true 0 0 1 0 true false false false false false false false false false false false false false false true false 628118 628118 25200380 14477137 10723243 1947815 1090924 856891 839431 740683 98748 99333 99333 12406333 Brokerage fee 12826 due to Parent and other affiliates 2663724 Leaseback repurchase cost 95000 Tenant Security Deposit 149912 2921462 X 3416617 3416617 3416617 4888258 4888258 4888258 Part X : FIN48 Footnote The Company has evaluated the recognition requirements for uncertain income tax positions as required by accounting principles generally accepted in the United States of America, with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. Accordingly, the Company has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2016 and 2015. X X X false false false false false false false false false false Colvin W Grannum President/Chair 263970 43220 307190 Dyrnest Sinckler Exec VP/V Chair 142124 14041 156165 Form 990, Part VI, Line 11b: Form 990 Review Process The completed Form 990 is presented to the governing body for review as well as to, the Executive Vice President/Chief Financial Officer of Bedford Stuyvesant Restoration Corporation to ensure accuracy, completeness and consistency of information reported on the Form 990 and the audited financial statements. It is then reviewed by the President before it is filed. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Conflict of interest policy is addressed at board meetings. Management ensures that the conflict of interest is addressed at the annual board meeting and conflict of interest statements are signed annually by each board member. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The compensation for officers of RDC Commercial Center, Inc (RDCCC) is negotiated by the board president after reviewing comparability data. The President and Executive Vice President of RDCCC are salaried officers of BSRC. The Vice President and Secretary are salaried employees of RDC Commercial Center, Inc. The RDCCC board does not set salaries. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The governing documents, conflict of interest policy, and financial statements are made available to the public upon request. Bedford Stuyvesant Restoration Corporati 1368 Fulton Street Brooklyn NY 11216 116083182 Community Development NY 501(c)(3) 9 N/A false Restoration Capital Fund Inc 1368 Fulton Street Brooklyn NY 11216 113458791 COMMUNITY IMPRVMT.CAPACITY BUILDING/ECO DEV NY 501(c)(3) 7 N/A false BSRC Neighborhood Home HDFC 1368 Fulton Street BROOKLYN NY 11216 760703840 Development of Affordable Housing NY APPLIED FO APPLIED FOR N/A false BSR HOUSING DEVELOPMENT FUND COMPANY IN 1368 FULTON STREET BROOKLYN NY 11216 112249289 Creation & Maint. of Affordable Housing NY 501(c)(3) 7 N/A false Restore Housing Development Fund Corp 1368 Fulton Street Brooklyn NY 11216 237191990 Creation/Maintenance of Affordable Housing NY 501(c)(3) 7 N/A false Greene Avenue Housing Development Fund C 1368 Fulton Street Brooklyn NY 11216 112468657 LOW INCOME HOUSING NY 501(c)(3) 7 N/A false 1921-25 Fulton Street Housing Developmen 1368 Fulton Street Brooklyn NY 11216 113098194 Creation & Maintenance of Affordable Housing NY 501(c)(3) 7 N/A false RDC of Bedford Stuyvesant Inc 1368 Fulton Street Brooklyn NY 11216 112242720 Developer NY N/A C CORP false CDR Management Corporation 1368 Fulton Street Brooklyn NY 11216 113138642 Managing Agent NY N/A C Corp false The Platinum Factory Inc 1368 Fulton Street Brooklyn NY 11216 113186969 Recording Studio NY N/A C Corp false Restoration Supermarket Corp 1368 Fulton Street Brooklyn NY 11216 112491093 Supermarket NY N/A C Corp false false false false false true false false false false false false false false true true false false false false