Civic Intelligence

Sebco Development Inc.

990 • Fiscal year 2013 • EIN 13-2944013

May 01, 2012 to Apr 30, 2013 • Filed on Dec 24, 2013

Organization ProfileWWW.SEBCODEVELOPMENT.ORG
885 Bruckner BoulevardBronx, NY 10459
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

63rd percentile

0.24x

Higher debt load relative to assets than 63% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

70th percentile

9.7%

Faster asset growth than 70% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$4,729,419

Up $419,056 (+9.7%) from 2012

Net Assets

Down

$3,574,004

Down $102,350 (-2.8%) from 2012

Liabilities

Up

$1,155,415

Up $521,406 (+82%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

$1,791,774

No earlier filing loaded for comparison.

Expenses

Up

$1,894,124

Up $782,863 (+70%) from 2012

Net Income

-$102,350

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $4,693,068Liabilities 2011: $905,774Net Assets 2011: $3,787,2942011Assets 2012: $4,310,363Liabilities 2012: $634,009Net Assets 2012: $3,676,3542012Assets 2013: $4,729,419Liabilities 2013: $1,155,415Net Assets 2013: $3,574,0042013Assets 2014: $4,643,544Liabilities 2014: $1,084,704Net Assets 2014: $3,558,8402014Assets 2015: $6,041,829Liabilities 2015: $1,208,762Net Assets 2015: $4,833,0672015Assets 2016: $10,121,964Liabilities 2016: $1,629,156Net Assets 2016: $8,492,8082016Assets 2017: $9,214,882Liabilities 2017: $1,043,418Net Assets 2017: $8,171,4642017Assets 2018: $9,081,185Liabilities 2018: $731,496Net Assets 2018: $8,349,6892018Assets 2019: $9,560,480Liabilities 2019: $1,043,147Net Assets 2019: $8,517,3332019Assets 2020: $9,437,019Liabilities 2020: $965,733Net Assets 2020: $8,471,2862020Assets 2022: $9,533,839Liabilities 2022: $1,416,419Net Assets 2022: $8,117,4202022Assets 2023: $8,303,756Liabilities 2023: $1,061,213Net Assets 2023: $7,242,5432023Assets 2024: $8,745,293Liabilities 2024: $1,936,293Net Assets 2024: $6,809,0002024

Highlighted filing

2013

Assets$4,729,419
Liabilities$1,155,415
Net Assets$3,574,004
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,002,336Expenses 2011: $1,159,222Net Income 2011: -$156,8862011Expenses 2012: $1,111,2612012Revenue 2013: $1,791,774Expenses 2013: $1,894,124Net Income 2013: -$102,3502013Revenue 2014: $2,208,570Expenses 2014: $2,223,734Net Income 2014: -$15,1642014Revenue 2015: $3,335,979Expenses 2015: $2,922,062Net Income 2015: $413,9172015Revenue 2016: $6,192,961Expenses 2016: $2,533,220Net Income 2016: $3,659,7412016Revenue 2017: $1,875,594Expenses 2017: $2,149,399Net Income 2017: -$273,8052017Revenue 2018: $1,993,017Expenses 2018: $1,814,792Net Income 2018: $178,2252018Revenue 2019: $2,000,898Expenses 2019: $1,848,779Net Income 2019: $152,1192019Revenue 2020: $1,861,678Expenses 2020: $1,930,054Net Income 2020: -$68,3762020Revenue 2022: $1,201,801Expenses 2022: $1,731,443Net Income 2022: -$529,6422022Revenue 2023: $2,661,379Expenses 2023: $3,536,256Net Income 2023: -$874,8772023Revenue 2024: $2,724,695Expenses 2024: $3,158,238Net Income 2024: -$433,5432024

Highlighted filing

2013

Revenue$1,791,774
Expenses$1,894,124
Net Income-$102,350
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2012 to Apr 30, 2013
Signed
Dec 24, 2013
Return Version
2012v2.3
Gross Receipts
$1,791,774
Mission and Program Overview

Mission

Sebco development inc. Is a non profit community based organization committed to developing and maintaining affordable and safe housing in the city of new york. Sebco strives to continually provide well maintained, secure housing along with the supportive services needed to improve the quality of life of the families and individuals we serve in our community.

Major Activities

Activity 2
ELDERLY NUTRITION
Activity 3
Social services to residents of the housing developed by sebco development, inc. To stabilize neighborhood
Filing and Contact Details

Filer

EIN
13-2944013
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IRS990ScheduleL/Form990ScheduleLPartV/Explanation0THE COMPANY OBTAINS HEALTH INSURANCE FOR RELATED ENTITIES ONE OF THOSE ENTITIES BUILDING MANAGMENT ASSOCIATES INC WHICH IS OWNED BY THE CHAIRMAN OF THE COMPANY OWED THE COMPANY AT THE END OF ITS FISCAL YEAR FOR HEALTH INSURANCE PREMIUMS PAID BUT NOT AS YET REIMBURSED
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IRS990ScheduleO/GeneralExplanation/Explanation0SEBCO DEVELOPMENT, INC. IS A COMMUNITY BASED HOUSING DEVELOPMENT COMPANY LOCATED IN THE SOUTH BRONX OF NEW YORK CITY, THE POOREST CONGRESSIONAL DISTRICTS IN THE UNITED STATES. IN ITS FORTY YEARS, IT HAS DEVELOPED MORE THAN 6,000 UNITS OF SUBSIDIZED HOUSING. IT CONTINUES TO DEVELOP HOUSING, AS WELL AS PROVIDING SOCIAL SERVICES, TRANSITIONAL HOUSING FOR THE HOMELESS AND MEALS FOR THE ELDERLY.
IRS990ScheduleO/GeneralExplanation/Explanation1COMMUNITY DEVELOPMENT
IRS990ScheduleO/GeneralExplanation/Explanation2SEBCO DEVELOPMENT, INC. BUILDING MANAGEMENT ASSOCIATES, INC CHAIRMAN PRESIDENT UNCLE-NEPHEW SENTRY SECURITY COMPANY CHAIRMAN
IRS990ScheduleO/GeneralExplanation/Explanation3IRWIN SIEGEL 900 THIRD AVENUE NEW YORK, NY 10022
IRS990ScheduleO/GeneralExplanation/Explanation4THE CERTIFIED FINANCIAL STATEMENTS ARE REVIEWED BY THE BOARD OF DIRECTORS. THEN THE FORM 990 IS PREPARED UTILIZING THE INFORMATION FROM THE CERTIFIED FINANCIAL STATEMETNS.
IRS990ScheduleO/GeneralExplanation/Explanation5THE CHAIRMAN'S AND THOSE OF ALL OF THE OFFICERS' SALARIES ARE APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation6UPON REQUEST.
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IRS990ScheduleO/GeneralExplanation/Identifier2RELATED PARTY INFORMATION AMONG OFFICERS
IRS990ScheduleO/GeneralExplanation/Identifier3OFFICERS WHO CANNOT BE REACHED
IRS990ScheduleO/GeneralExplanation/Identifier4ORGANIZATION'S PROCESS USED TO REVIEW FORM 990
IRS990ScheduleO/GeneralExplanation/Identifier5COMPENSATION PROCESS FOR TOP OFFICIAL
IRS990ScheduleO/GeneralExplanation/Identifier6GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
IRS990ScheduleO/GeneralExplanation/Identifier7RECONCILIATION OF CHANGES - OTHER
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART XI, LINE 9
IRS990/ScheduleORequired0true
IRS990/School0false
IRS990/SignificantChange0false
IRS990/SignificantNewProgramServices0false
IRS990/StateLegalDomicile0NY
IRS990/StatesWhereCopyOfReturnIsFiled0NY
IRS990/SubjectToProxyTax0false
IRS990/TaxablePartyNotification0false
IRS990/TaxExemptBonds0false
IRS990/Terminated0false
IRS990/TermOrPermanentEndowments0false
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10885 BRUCKNER BOULEVARD
IRS990/TheBooksAreInCareOf/AddressUS/City0BRONX
IRS990/TheBooksAreInCareOf/AddressUS/State0NY
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode010459
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10SEBCO DEVELOPMENT
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine20INC
IRS990/TheBooksAreInCareOf/TelephoneNumber07186172800
IRS990/TotalAssets/BOY04310363
IRS990/TotalAssetsBOY04310363
IRS990/TotalAssets/EOY04729419
IRS990/TotalAssetsEOY04729419
IRS990/TotalCompGT150K0false
IRS990/TotalContributions0259298
IRS990/TotalExpensesCurrentYear01894124
IRS990/TotalExpensesPriorYear01111261
IRS990/TotalFunctionalExpenses/Fundraising021753
IRS990/TotalFunctionalExpenses/ManagementAndGeneral0262002
IRS990/TotalFunctionalExpenses/ProgramServices01610369
IRS990/TotalFunctionalExpenses/Total01894124
IRS990/TotalFundrsngExpCurrentYear021753
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY0634009
IRS990/TotalLiabilitiesBOY0634009
IRS990/TotalLiabilities/EOY01155415
IRS990/TotalLiabilitiesEOY01155415
IRS990/TotalLiabNetAssetsFundBalances/BOY04310363
IRS990/TotalLiabNetAssetsFundBalances/EOY04729419
IRS990/TotalNbrEmployees025
IRS990/TotalNetAssetsFundBalances/BOY03676354
IRS990/TotalNetAssetsFundBalances/EOY03574004
IRS990/TotalOfOtherProgramServiceExp036293
IRS990/TotalOtherRevenue0820906
IRS990/TotalProfFundrsngExpCY00

Document Assets

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$4,729,419
Liabilities
$1,155,415
Net assets
$3,574,004
Revenue
$1,791,774
Expenses
$1,894,124
Net income
-$102,350
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.75$1.94$6.81$2.72$3.16$0.43
2023Detailed filing. Detailed filing data is available for this year.$8.30$1.06$7.24$2.66$3.54$0.87
2022Detailed filing. Detailed filing data is available for this year.$9.53$1.42$8.12$1.20$1.73$0.53
2020Detailed filing. Detailed filing data is available for this year.$9.44$0.97$8.47$1.86$1.93$0.07
2019Detailed filing. Detailed filing data is available for this year.$9.56$1.04$8.52$2.00$1.85$0.15
2018Detailed filing. Detailed filing data is available for this year.$9.08$0.73$8.35$1.99$1.81$0.18
2017Detailed filing. Detailed filing data is available for this year.$9.21$1.04$8.17$1.88$2.15$0.27
2016Summary only. Only limited summary data is available for this year.$10.1$1.63$8.49$6.19$2.53$3.66
2015Summary only. Only limited summary data is available for this year.$6.04$1.21$4.83$3.34$2.92$0.41
2014Summary only. Only limited summary data is available for this year.$4.64$1.08$3.56$2.21$2.22$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.73$1.16$3.57$1.79$1.89$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.31$0.63$3.68$1.11
2011Summary only. Only limited summary data is available for this year.$4.69$0.91$3.79$1.00$1.16$0.16