ROYAL GARDENS DEVELOPMENT FUND COMPANY PROJECT NO 014-EH282
100 ROYAL GARDENS WAY, BROCKPORT, NY 14420

Total Revenue
$755,667
Total Expenses
$692,940
Net Assets
$-666,158

Organizations Filed Purposes: THE ORGANIZATION WAS ORGANIZED SOLELY AND SPECIFICALLY TO DEVELOP, OWN AND OPERATE A LOW-INCOME HOUSING PROJECT ON A NON-PROFIT BASIS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, SAID PROJECT KNOWN AS ROYAL GARDENS APARTMENTS AND LOCATED AT 100 ROYAL GARDENS WAY, BROCKPORT,NEW YORK.

ROYAL GARDENS HOUSING DEVELOPMENT FUND COMPANY, INC., PROJECT NO. 014-EH282 (THE ORGANIZATION), IS A DULY AUTHORIZED NON-PROFIT CORPORATION FORMED PURSUANT TO ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW OF THE STATE OF NEW YORK. THE ORGANIZATION WAS ORGANIZED SOLELY AND SPECIFICALLY TO DEVELOP, OWN AND OPERATE A LOW-INCOME HOUSING PROJECT ON A NON-PROFIT BASIS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, SAID PROJECT KNOWN AS ROYAL GARDENS APARTMENTS, A 74-UNIT PROJECT (ONE UNIT IS OCCUPIED BY THE SUPERINTENDENT AND IS NON-INCOME PRODUCING), LOCATED AT 100 ROYAL GARDENS WAY, BROCKPORT, NEW YORK.

CORPORATION WAS FORMED PURSUANT TO ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW OF NYS, EXCLUSIVELY TO OWN AND OPERATE A HOUSING PROJECT FOR THE ELDERLY AND LOW INCOME HANDICAPPED. THE 74 UNIT PROJECT WAS FULLY RENTED FOR ITS ENTIRE FISCAL YEAR TO QUALIFIED PARTICIPANTS UNDER DEPARTMENT OF HUD REGULATIONS.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Jim CampbellSECRETARY1$0
Michael MorichPRESIDENT5$0
Gilbert GliddenDIRECTOR1$0
Gordon HegemanTREASURER1$0
Dan BradtDIRECTOR1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202000359349300310_public.xml