2011-05-16T15:47:21-07:00 2010-06-30 TCBA WATSON RICE LLP 5 PENN PLAZA 15TH FL NEW YORK NY 100011810 990 2009-07-01 112249649 RDC Commercial Center Inc RDCC 7186366926 1368 Fulton Street Brooklyn NY 11216 Colvin W Grannum 2011-05-16 CAZEMBE BEKTEMBA CPA 2124477300 2009 2016-02-24 21:20:13Z Colvin W Grannum 25 Croft Terrace New Rochelle NY 10804 5267816 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. 5 0 20 0 860862 1945517 2817101 3024327 321 4185 58387 293787 3736671 5267816 0 0 805615 797307 0 0 2575333 2880064 3380948 3677371 355723 1590445 5897842 16068815 9733847 18314375 -3836005 -2245560 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 2966423 3024327 To develop and operate commercial / rental facilities in bedford Stuyvesant to combat urban decay, create jobs and business opportunities in conjunction with its not for profit parent Bedford Stuyvesant Restoration Corporation. 2966423 true true false false false false false false false false 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 true 8 0 false 20 true false false false false false false false false false false false 0 false false false false false false false false 5 0 false true false false false false false true false false false false true true true true true true true true false false NY X Patricia Antoine 7186366900 1368 Fulton Street Brooklyn NY 11216 Wadiyah A Latif 35.00 X X 52599 0 13817 Shelley Daisley 1.00 X X 0 88311 0 Dyrnest Sinckler 1.00 X X 0 129062 14824 Colvin W Grannum 1.00 X X 0 224481 1053 Clarence Stewart 35.00 X X 79838 0 6926 132437 441854 36620 0 false true false Heightened Security 72 Brooklyn Avenue Brooklyn NY 11216 Security 384418 1 1945517 1945517 Rental Income 532000 3024327 3024327 3024327 4185 4185 0 0 0 0 0 0 0 Other Income 900099 68101 68101 GAIN ON LEASE TERMINATION 900099 225686 225686 293787 5267816 3318114 4185 0 0 0 0 132437 132437 0 468600 468600 12481 12481 128557 128557 55232 55232 576669 576669 31908 31908 26700 26700 0 0 0 531129 531129 0 67739 67739 0 0 669317 669317 1059 1059 0 1608 1608 0 0 407158 407158 81639 81639 REPAIRS AND MAINTENANCE 213924 213924 Penalities and fines 47997 47997 Miscellaneous 13121 13121 Bad Debt 75817 75817 ADMINISTRATIVE OVERHEAD 134279 134279 0 3677371 2966423 710948 0 18251 0 1504539 359268 987009 443743 463889 0 0 0 0 334045 3531772 23032377 13770801 4581513 9261576 0 0 0 0 161022 320030 5897842 16068815 841694 1148654 5753 10620 1634003 16160014 7252397 995087 9733847 18314375 X -3836005 -2245560 -3836005 -2245560 5897842 16068815 X false true true X false false X X X false false false Bedford Stuyvesant Restoration Corp 116083182 7 false false false 0 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 628118 628118 12262186 12262186 1631816 1001945 629871 603519 506670 96849 7906738 7906738 9261576 Tenant Security Deposit 78245 Leaseback repurchase cost 80000 Due to Parent and other affiliates 748992 Brokerage fee 87850 995087 5267816 3677371 1590445 1590445 5267816 5267816 5267816 3677371 3677371 3677371 X X X false false false false false false false false false false Colvin W Grannum 224481 1053 225534 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 RDCCC is negotiated by the CEO of Bedford Stuyvesant Restoration Corporation (BSRC) after reviewing comparability data. The President, Executive Vice President and Treasurer of RDCCC are salaried officers of BSRC. The Vice President and Secretary are salaried employees of RDC Commercial Center, Inc (RDCCC). 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 be each board member. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process The completed Form 990 is presented to the governing body for review. The review is conducted by the Executive Vice President and Treasurer 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 3 Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company Bedford Stuyvesant Restoration Corporation provides Executive Management and Asset Management, Security and Safety Management, Financial Management , as well as MIS/IT, Human Resourses, General Office Management services. 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 Greene Avenue Housing Development Fund C 1368 Fulton Street Brooklyn NY 11216 112468657 LOW INCOME HOUSING NY 501(c)(3) 7 N/A Restore Housing Devevelopment Fund Corp 1368 Fulton Street Brooklyn NY 11216 237191990 Creation/Maintenance of Affordable Housing NY 501(c)(3) 7 N/A 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 BSRC Neighborhood Home HDFC 1368 Fulton Street BROOKLYN NY 11216 760703840 Development of Affordable Housing NY APPLIED FO APPLIED FOR N/A Restoration Capital Fund Inc 1368 Fulton Street Brooklyn NY 11216 113458791 COMMUNITY IMPROVEMENT.CAPACITY BUILDING/ECONOMIC DEVELOPMENT NY 501(c)(3) 7 N/A Bedford Stuyvesant Restoration Corporati 1368 Fulton Street Brooklyn NY 11216 116083182 Community Development NY 501(c)(3) 9 N/A Restoration Supermarket Corp 1380 Fulton Street Brooklyn NY 11216 112491093 Supermarket NY N/A The Platinum Factory Inc 1368 Fulton Street Brooklyn NY 11216 113186969 Recording Studio NY N/A CDR Management corproation 20 New York Avenue Brooklyn NY 11216 113138642 Managing Agent NY N/A RDC of Bedford Stuyvesant Inc 1368 Fulton Street Brooklyn NY 11216 112242720 Developer NY N/A C CORP false false false false true false false false false false false true false false false false false false