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GALVAN ASSET MANAGEMENT INC

EIN 22-3695479 HUDSON, NY

Browse the largest nonprofits in New York

Revenue 2024
$343,338
Expenses 2024
$506,681

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
02
NTEE code
S47
Classification
1000
Street
252 COLUMBIA ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

THE SPECIFIC, PRIMARY AND EXCLUSIVE PURPOSES FOR WHICH THIS CORPORATION IS FORMED IS TO HOLD TITLE TO PROPERTY, COLLECTING MONIES THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO GALVAN HOUSING RESOURCES, INC., A NEW YORK NOT-FOR-PROFIT CORPORATION AND THE GALVAN FOUNDATION CHARITABLE TRUST, A NEW YORK UNINCORPORATED CHARITABLE TRUST. TO PROVIDE LOW-COST, AFFORDABLE RENTAL HOUSING TO LOW-INCOME FAMILIES (AS DETERMINED BY GOVERNMENT GUIDELINES) AND PROVIDE LOW-COST RENTAL SPACE AS ADMINISTRATIVE OFFICES FOR OTHER NOT-FOR-PROFIT AND CHARITABLE CORPORATIONS.

Activities or mission (Part I)

TO PROVIDE LOW-COST, AFFORDABLE RENTAL HOUSING TO LOW-INCOME FAMILIES (AS DETERMINED BY GOVERNMENT GUIDELINES) AND PROVIDE LOW-COST RENTAL SPACE AS ADMINISTRATIVE OFFICES FOR OTHER NOT-FOR-PROFIT AND CHARITABLE CORPORATIONS.

  • TO PROVIDE LOW-COST, AFFORDABLE RENTAL HOUSING TO LOW-INCOME FAMILIES (AS DETERMINED BY GOVERNMENT GUIDELINES) AND PROVIDE LOW-COST RENTAL SPACE AS ADMINISTRATIVE OFFICES FOR OTHER NOT-FOR-PROFIT AND CHARITABLE CORPORATIONS.

    Revenue $343,338

  • TO PROVIDE LOW-COST, AFFORDABLE RENTAL HOUSING TO LOW-INCOME FAMILIES (AS DETERMINED BY GOVERNMENT GUIDELINES) AND PROVIDE LOW-COST RENTAL SPACE AS ADMINISTRATIVE OFFICES FOR OTHER NOT-FOR-PROFIT AND CHARITABLE CORPORATIONS.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • T Eric Galloway

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Rafal Markwat

    SECRETARY

    Total calculated
    $0
    Hours/week
    5
  • Dan Kent

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10
  • Rodney Russo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Richard Scalera

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $343,338
    Expenses
    $506,681
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $1,140,811
    Expenses
    $1,460,726
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $1,119,160
    Expenses
    $1,377,251
    Contributions
    $1,000
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $1,035,795
    Expenses
    $1,111,553
    Assets (EOY)
    $4,235,956
  • 2020 · 990

    Revenue
    $1,092,075
    Expenses
    $1,274,531
    Assets (EOY)
    $4,305,986
  • 2019 · 990

    Revenue
    $1,210,931
    Expenses
    $1,156,820
    Assets (EOY)
    $4,892,955
  • 2018 · 990

    Revenue
    $702,579
    Expenses
    $1,036,949
    Assets (EOY)
    $4,514,866
  • 2017 · 990

    Revenue
    $818,725
    Expenses
    $966,041
    Assets (EOY)
    $4,767,629
  • 2016 · 990

    Revenue
    $816,423
    Expenses
    $974,035
    Assets (EOY)
    $5,068,707
  • 2015 · 990

    Revenue
    -$33,312
    Expenses
    $146,505
    Assets (EOY)
    $5,157,692

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Related partnerships on its 2024 return

  • RICHARDSON HALL GP

    RENTAL R/E · NY · general or managing partner

  • HUDSON HOMESTEAD LP

    RENTAL R/E · NY · general or managing partner

  • RICHARDSON HALL LP

    RENTAL R/E · NY

  • RDC ASSOICATES-I LP

    RENTAL R/E · NY

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.