Civic Intelligence

Sebco Development Inc.

990 • Fiscal year 2017 • EIN 13-2944013

May 01, 2016 to Apr 30, 2017 • Filed on Dec 05, 2017

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

(718) 617-2800

Siviq Scores

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

Liabilities / Assets

44th percentile

0.11x

Higher debt load relative to assets than 44% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

73rd percentile

0.56x

Higher debt load relative to revenue than 73% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

14th percentile

-15%

Higher net margin than 14% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

10th percentile

-9.0%

Faster asset growth than 10% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

2nd percentile

-70%

Faster revenue growth than 2% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets44th percentile

Assets

Down

$9,214,882

Down $907,082 (-9.0%) from 2016

Net Assets

Down

$8,171,464

Down $321,344 (-3.8%) from 2016

Liabilities

Down

$1,043,418

Down $585,738 (-36%) from 2016

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin14th percentile

Revenue

Down

$1,875,594

Down $4,317,367 (-70%) from 2016

Expenses

Down

$2,149,399

Down $383,821 (-15%) from 2016

Net Income

Down

-$273,805

Down $3,933,546 (-107%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth10th 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

2017

Assets$9,214,882
Liabilities$1,043,418
Net Assets$8,171,464
Open 2017 Filing

Operations Trend

Revenue Growth2nd percentile

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

2017

Revenue$1,875,594
Expenses$2,149,399
Net Income-$273,805
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2016 to Apr 30, 2017
Signed
Dec 5, 2017
Return Version
2016v3.0
Gross Receipts
$1,875,594
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.

Sebco 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,080,411$2,235,769▲ $1,155,358
Savings and Temporary Cash Investments$2,056,605$2,187,841▲ $131,236
Investments Other Securities$493,500$493,500→ $0
Accounts Receivable$233,739$80,659▼ $153,080
Land, Buildings, and Equipment, Net$42,525$37,525▼ $5,000
Prepaid Expenses and Deferred Charges$21,376$19,754▼ $1,622
Total Assets$10,121,964$9,214,882▼ $907,082
Other Assets Total$6,193,808$4,159,834▼ $2,033,974
Liabilities
Other Liabilities$719,319$554,576▼ $164,743
Accounts Payable and Accrued Expenses$704,282$355,921▼ $348,361
Deferred Revenue$205,555$132,921▼ $72,634
Total Liabilities$1,629,156$1,043,418▼ $585,738
Net Assets / Fund Balance
Unrestricted Net Assets$7,632,498$7,358,693▼ $273,805
Temporarily Rstr Net Assets$860,310$812,771▼ $47,539
Total Net Assets Fund Balance$8,492,808$8,171,464▼ $321,344
Total Liabilities and Net Assets / Fund Balance$10,121,964$9,214,882▼ $907,082

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$37,525$262,417$299,942
Other Assets Org$40,529--
Other Securities$493,500--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleBaseTotal
Carmen ReyesTreasurer/di$800$800

Board Members and Trustees

NameTitle
Fr Louis R GiganteChairperson
Alejandro RosadoDirector
Enrico BocciaDirector
Irwin SiegelDirect & COU
Salvatore GiganteExec Vice Pr
Revenue and Support

Revenue Composition

Contributions and Grants
$261,827
Program Service Revenue
$824,107
Investment Income
$127,066
Other Revenue
$662,594
All Other Contributions
$170,301
Change in Net Assets
$-273,805

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,875,594
Total Revenue per Audited Statements
$1,875,594
Total Revenue per Form 990
$1,875,594
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,387,678
Salaries, Compensation, and Employee Benefits$761,721
Total Fundraising Expense$40,159
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$541,852$82,501$11,486$635,839
All Other Expenses$41,211$27,005$27,928$96,144
Fees for Services Legal$45,666$20,242-$65,908
Other Employee Benefits$53,153$9,884-$63,037
Payroll Taxes$62,845--$62,845
Occupancy$38,532$8,282-$46,814
Other Expenses$11,498$34,495-$45,993
Advertising$5,114$15,341-$20,455
Fees for Services Accounting$4,959$11,571-$16,530
Office Expenses$9,679$4,468$745$14,892
Insurance$10,255$3,063-$13,318
Information Technology$4,904$2,640-$7,544
Conferences and Meetings$4,500$500-$5,000
Depreciation Depletion$3,250$1,750-$5,000
Total Functional Expenses$1,887,498$221,742$40,159$2,149,399

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,149,399
Total Expenses per Audited Statements$2,149,399
Total Expenses per Form 990$2,149,399
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Mortgage Payable (contra)$493,500
Due to Affiliate$61,076
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Sentry security company chairman sentry security company officer building management associates, inc owner tiffany maintenance co., inc. Building managment associates, inc. Owner building management associates, inc tiffancy maintenance co., inc. Officer officer”

Form 990, Page 6, Part VI, Line 9

“Irwin siegel 900 third avenue new york, ny 10022”

Form 990, Page 6, Part VI, Line 11B

“The certified financial statements are reviewed by the board of directors. Then the form 990 is prepared utilizing the information from the certified financial statemetns.”

Form 990, Page 6, Part VI, Line 15A

“The salaries of all of the officers are approved by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Sebco Development Inc
EIN
13-2944013
Phone
7186172800
Address
885 BRUCKNER BOULEVARD, BRONX, NY 10459

Signing Officer

Name
Salvatore Gigante
Title
Exec Vice President
Phone
7186172800
Signed
2017-12-05
Discuss with paid preparer
Yes

Organization Details

Formed
1978
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
6
Employees
30

Preparer

Firm
Irwin Siegel CPA
Address
900 THIRD AVENUE 17TH FLOOR, NEW YORK, NY 10022-4792
Preparer
Irwin Siegel CPA
Phone
2124475599
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Sebco 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.”

Form 990, Page 2, Part III, Line 4D

“COMMUNITY DEVELOPMENT”

Form 990, Part XI

“Increase unrestricted assets”

Form 990, Part XI, Line 9

“-47,539 permitted utilization of restricted funds.”

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IRS990/PayrollTaxesGrp/ProgramServicesAmt062845
IRS990/PayrollTaxesGrp/TotalAmt062845
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021376
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019754
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0DEPARTMENT OF THE AGING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0824107
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0824107
IRS990/ProgSrvcAccomActy2Grp/Desc0ELDERLY NUTRITION
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0824107
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0824107
IRS990/ProgSrvcAccomActy3Grp/Desc0SOCIAL SERVICES TO RESIDENTS OF THE HOUSING DEVELOPED BY THE ORGANIZATION TO STABILIZE THE NEIGHBORHOOD.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt091526
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt091526
IRS990/ProgSrvcAccomActyOtherGrp/Desc0COMMUNITY DEVELOPMENT
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt073022
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0270546
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0175801
IRS990/PYOtherExpensesAmt01702400
IRS990/PYOtherRevenueAmt04736097
IRS990/PYProgramServiceRevenueAmt01010517
IRS990/PYRevenuesLessExpensesAmt03659741
IRS990/PYSalariesCompEmpBnftPaidAmt0830820
IRS990/PYTotalExpensesAmt02533220
IRS990/PYTotalRevenueAmt06192961
IRS990/ReconcilationRevenueExpnssAmt0-273805
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02056605
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02187841
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt091526
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt088054
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0162734
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0238818
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0259298
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0840430
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0127066
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05725
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04345
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt06092
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0143228
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01613767
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.85440
IRS990ScheduleA/PublicSupportPY170Pct00.96460
IRS990ScheduleA/PublicSupportTotal170Amt0840430
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt091526
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt088054
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0162734
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0238818
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0259298
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0840430
IRS990ScheduleA/TotalSupportAmt0983658
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt02149399
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt037525
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0262417
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0299942
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03516157
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1424974
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt265967
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt362207
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt450000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt540529
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEVELOPER'S FEE RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INTERCOMPANY RECEIVABLES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DUE FROM FR. SMITH RESIDENCE RESIDEN
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4INVESTMENT IN SUBSIDIARIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5ACCRUED INTEREST RECEIVABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0493500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt161076
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MORTGAGE PAYABLE (CONTRA)
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATE
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0493500
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MORTGAGE RECEIVABLE
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueSubtotalAmt01875594
IRS990ScheduleD/TotalBookValueLandBuildingsAmt037525
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04159834
IRS990ScheduleD/TotalBookValueSecuritiesAmt0493500
IRS990ScheduleD/TotalExpensesPerForm990Amt02149399
IRS990ScheduleD/TotalLiabilityAmt0554576
IRS990ScheduleD/TotalRevenuePerForm990Amt01875594
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01875594
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02149399
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0BUILDING MANAGEMENT ASSOCIATES INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1BUILDING MANAGEMENT ASSOCAITES INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt2SENTRY SECURITY CO INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt3SENTRY SECURITY CO INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1OFFICER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2OFFICER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3OFFICER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd3false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PROFERTY MANAGEMENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1PROPERTY MANAGEMENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2SECURITY COMPANY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3SECURITY COMPANY
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SEBCO 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/SupplementalInformationDetail/ExplanationTxt1COMMUNITY DEVELOPMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SENTRY SECURITY COMPANY CHAIRMAN SENTRY SECURITY COMPANY OFFICER BUILDING MANAGEMENT ASSOCIATES, INC OWNER TIFFANY MAINTENANCE CO., INC. BUILDING MANAGMENT ASSOCIATES, INC. OWNER BUILDING MANAGEMENT ASSOCIATES, INC TIFFANCY MAINTENANCE CO., INC. OFFICER OFFICER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IRWIN SIEGEL 900 THIRD AVENUE NEW YORK, NY 10022
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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/SupplementalInformationDetail/ExplanationTxt5THE SALARIES OF ALL OF THE OFFICERS ARE APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7INCREASE UNRESTRICTED ASSETS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8-47,539 PERMITTED UTILIZATION OF RESTRICTED FUNDS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0860310
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0812771
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt010121964
IRS990/TotalAssetsEOYAmt09214882
IRS990/TotalAssetsGrp/BOYAmt010121964
IRS990/TotalAssetsGrp/EOYAmt09214882
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0261827
IRS990/TotalEmployeeCnt030
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt040159
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0221742
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01887498
IRS990/TotalFunctionalExpensesGrp/TotalAmt02149399
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01629156
IRS990/TotalLiabilitiesEOYAmt01043418
IRS990/TotalLiabilitiesGrp/BOYAmt01629156
IRS990/TotalLiabilitiesGrp/EOYAmt01043418
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08492808

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,214,882
Liabilities
$1,043,418
Net assets
$8,171,464
Revenue
$1,875,594
Expenses
$2,149,399
Net income
-$273,805
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