2014-05-16T09:02:44-07:00 2013-06-30 BCA WATSON RICE LLP 5 PENN PLAZA 15TH FL NEW YORK NY 100011810 990 2012-07-01 112249649 RDC Commercial Center Inc RDCC 7186366938 1368 Fulton Street Brooklyn NY 11216 Colvin W Grannum 2014-05-16 true Cazembe Bektemba CPA P00642018 2124477300 2012 2015-11-30 17:44:51Z Colvin W Grannum 1368 Fulton Street Brooklyn NY 11216 3069972 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 2 17 2 0 733900 11269 2887320 2861137 1835 5584 100201 191982 3723256 3069972 0 0 1435076 1456865 0 0 1934890 2296874 3369966 3753739 353290 -683767 18380237 18513726 19044157 19861413 -663920 -1347687 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 3035024 2861137 To develop and operate commercial / rental facilities in bedford Stuyvesant to combat urban decay, create jobs and business opportunities and stimulate commercial revitalization. 3035024 true true 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 16 0 true 17 true false false false false false false false false 0 false false false false false false false false false false X 7 2 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 Kira Watson LeBlanc Esq 1.00 1.50 X 0 0 0 Timothy Simons 1.00 1.50 X 0 0 0 Doris Rowley Hoyte 1.00 35.00 X X 0 55000 8792 Wadiyah A Latif 35.00 0.00 X X 52600 0 8791 Clarence Stewart 35.00 1.50 X X 79838 0 20318 Dyrnest Sinckler 1.00 36.50 X X 0 148401 21236 Colvin W Grannum 1.00 37.50 X X 0 272924 1355 132438 476325 60492 0 false true false Heightened Security 72 Brooklyn Avenue Brooklyn NY 11216 Security 311143 1 11269 11269 Rental Income 532000 2861137 2861137 2861137 5584 5584 0 0 0 0 0 0 0 Other Income 900099 4087 4087 Gain on Lease Termination 900099 124567 124567 Administrative Fees 900099 63328 63328 191982 3069972 3053119 5584 X 0 0 0 0 161475 161475 0 1034009 466621 567388 19562 19562 174830 131091 43739 66989 34364 32625 0 39878 39878 36414 36414 0 0 0 399124 399124 5820 5820 230460 230460 0 0 572714 497751 74963 1576 1576 0 0 51559 51559 0 363961 363961 94992 94992 OTHER 15000 15000 Bad Debt 74657 74657 Administrative fees 134803 134803 REPAIRS AND MAINTENANCE 275916 275916 0 3753739 3035024 718715 0 531788 583871 0 410847 332113 447306 511915 0 0 0 0 3579547 3629363 27618493 14503379 13101362 13115114 0 0 0 0 309387 341350 18380237 18513726 1187164 725961 20257 21349 15770463 18851558 2066273 262545 19044157 19861413 X -663920 -1347687 -663920 -1347687 18380237 18513726 -683767 X false true X true false X X X false false false Bedford Stuyvesant Restoration Corp 116083182 7 false false true 0 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 628118 628118 24439897 13327429 11112468 1878065 561144 1316921 663713 614806 48907 8700 8700 13115114 Tenant Security Deposit 87195 Leaseback repurchase cost 87500 Brokerage fee 87850 262545 X 3069972 3069972 3069972 3753739 3753739 3753739 Part X Part X : FIN48 Footnote The Company adopted the provisions pertaining to uncertain tax provisions (ASC Topic 740). The adoptions of ASC 740 did not have any impact on the Company's financial statements because there were no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. X X X false false false false false false false false false false Dyrnest Sinckler 148401 21236 169637 Colvin W Grannum 272924 1355 274279 Form 990, Part VI, Line 19 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. Form 990, Part VI, Line 15b 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 12c 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 11b 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. 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 Greene Avenue Housing Development Fund C 1368 Fulton Street Brooklyn NY 11216 112468657 LOW INCOME HOUSING NY 501(c)(3) 7 N/A false Restore Housing Devevelopment Fund Corp 1368 Fulton Street Brooklyn NY 11216 237191990 Creation/Maintenance of Affordable Housing NY 501(c)(3) 7 N/A false BSR HOUSING DEVELOPMENT FUND COMPANY IN 1368 FULTON STREET BROOKLYN NY 11216 112249289 Creation & Maintenance of Affordable Housing 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 Restoration Capital Fund Inc 1368 Fulton Street Brooklyn NY 11216 113458791 COMMUNITY IMPROVEMENT.CAPACITY BUILDING/ECONOMIC DEVELOPMENT NY 501(c)(3) 7 N/A false Bedford Stuyvesant Restoration Corporati 1368 Fulton Street Brooklyn NY 11216 116083182 Community Development NY 501(c)(3) 9 N/A false Restoration Supermarket Corp 1368 Fulton Street Brooklyn NY 11216 112491093 Supermarket 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 CDR Management Corporation 1368 Fulton Street Brooklyn NY 11216 113138642 Managing Agent NY N/A C Corp false RDC of Bedford Stuyvesant Inc 1368 Fulton Street Brooklyn NY 11216 112242720 Developer NY N/A C CORP false false false false false true false false false false false false true true false false false false false false