Civic Intelligence

Sebco Development Inc.

990 • Fiscal year 2022 • EIN 13-2944013

May 01, 2021 to Apr 30, 2022 • Filed on Mar 15, 2023

Organization ProfileWWW.SEBCODEVELOPMENT.ORG
429 Bruckner Blvd 2nd FloorBronx, NY 10455

(347) 726-2547

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.15x

Higher debt load relative to assets than 53% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

85th percentile

1.18x

Higher debt load relative to revenue than 85% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

7th percentile

-44%

Higher net margin than 7% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2022

Asset Growth

49th percentile

0.5%

Faster asset growth than 49% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2022

Revenue Growth

18th percentile

-20%

Faster revenue growth than 18% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2022

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$9,533,839

Up $96,820 (+1.0%) from 2020

Net Assets

Down

$8,117,420

Down $353,866 (-4.2%) from 2020

Liabilities

Up

$1,416,419

Up $450,686 (+47%) from 2020

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin7th percentile

Revenue

Down

$1,201,801

Down $659,877 (-35%) from 2020

Expenses

Down

$1,731,443

Down $198,611 (-10%) from 2020

Net Income

Down

-$529,642

Down $461,266 (-675%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth49th 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

2022

Assets$9,533,839
Liabilities$1,416,419
Net Assets$8,117,420
Open 2022 Filing

Operations Trend

Revenue Growth18th 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

2022

Revenue$1,201,801
Expenses$1,731,443
Net Income-$529,642
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2021 to Apr 30, 2022
Signed
Mar 15, 2023
Return Version
2021v4.0
Gross Receipts
$1,201,801
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. 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 edlerly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$1,350,932$1,535,682▲ $184,750
Savings and Temporary Cash Investments$208,276$1,250,739▲ $1,042,463
Investments Other Securities$493,500$493,500→ $0
Cash and Non-Interest-Bearing Accounts$2,019,030$377,064▼ $1,641,966
Pledges and Grants Receivable$41,941$142,290▲ $100,349
Prepaid Expenses and Deferred Charges$29,452$41,647▲ $12,195
Land, Buildings, and Equipment, Net$17,525$12,525▼ $5,000
Total Assets$9,688,068$9,533,839▼ $154,229
Other Assets Total$5,527,412$5,680,392▲ $152,980
Liabilities
Other Liabilities$770,780$1,036,120▲ $265,340
Accounts Payable and Accrued Expenses$165,897$210,347▲ $44,450
Deferred Revenue$104,329$169,952▲ $65,623
Total Liabilities$1,041,006$1,416,419▲ $375,413
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,790,671$8,117,420▲ $326,749
Net Assets With Donor Restrictions$856,391--
Total Net Assets Fund Balance$8,647,062$8,117,420▼ $529,642
Total Liabilities and Net Assets / Fund Balance$9,688,068$9,533,839▼ $154,229

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,525$287,417$299,942
Investment Program Related Org$460,000--
Other Assets Org$50,000--
Other Securities$493,500--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Salvatore GiganteSecretary/coFT-$825,206$825,206
Louis R GiganteDirectorPT$100,000-$100,000
Jason BoroffDirectorPT-$96,224$96,224
Carmen ReyesTreasurer-$1,000-$1,000
Enrico BocciaChair-$1,000-$1,000
Victor PapaDirector-$1,000-$1,000
Migdalia MoralesDirector-$200-$200

Board Members and Trustees

NameTitle
Salvatore GiganteSecretary/COO
Revenue and Support

Revenue Composition

Contributions and Grants
$193,553
Program Service Revenue
$504,302
Investment Income
$123,392
Other Revenue
$380,554
All Other Contributions
$102,330
Change in Net Assets
$-529,642

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,201,801
Total Revenue per Audited Statements
$1,201,801
Total Revenue per Form 990
$1,201,801
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$879,909
Salaries, Compensation, and Employee Benefits$851,534
Total Fundraising Expense$2,275
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$653,401$35,905-$689,306
Current Officers, Directors, Trustees, and Key Employees$74,640$25,360-$100,000
Insurance$68,485$8,546-$77,031
Information Technology$43,969$23,675-$67,644
Payroll Taxes$60,482$1,746-$62,228
Occupancy$34,680$8,670-$43,350
Office Expenses$23,915$12,877-$36,792
Fees for Services Other$35,749--$35,749
Fees for Services Legal$20,017$6,672-$26,689
All Other Expenses$10,445$5,799$2,275$18,519
Advertising$3,471$10,412-$13,883
Fees for Services Accounting-$13,691-$13,691
Other Expenses$2,374$7,123-$9,497
Depreciation Depletion$3,250$1,750-$5,000
Conferences and Meetings$2,880$320-$3,200
Total Functional Expenses$1,561,710$167,458$2,275$1,731,443

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,731,443
Total Expenses per Audited Statements$1,731,443
Total Expenses per Form 990$1,731,443
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Building Management Associates IncOwnerManagementNo$783,178
Building Management AssociatesOfficerManagementNo-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$542,620
Mortgage Payable (contra)$493,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
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

“Father louis gigante salvatore gigante director secretary/co family related”

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

“The organization's form 990 is reviewed and approved by controller and chief operating officer before it is finalized and filed.”

Form 990, Page 6, Part VI, Line 12C

“The conflict of interest policy is enforced pursuant to the new york state not for profit corporation laws.”

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

“The salaries of all of the officers and senior personnel 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
3477262547
Address
429 BRUCKNER BLVD 2ND FLOOR, BRONX, NY 10455

Signing Officer

Name
Salvatore Gigante
Title
COO
Phone
7186172800
Signed
2023-03-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Salvatore Gigante
Formed
1978
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
4
Employees
21

Preparer

Firm
A Gary Aaronson CPA Pllc
Address
42 WEST 38TH STREET SUITE 1003, NEW YORK, NY 10018-0060
Preparer
A Gary Aaronson
Phone
2126845770
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.”

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IRS990/OfficeExpensesGrp/TotalAmt036792
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05527412
IRS990/OtherAssetsTotalGrp/EOYAmt05680392
IRS990/OtherExpensesGrp/Desc0ELDERLY NUTRITION PROGRAM
IRS990/OtherExpensesGrp/Desc1PAYROLL PROCESSING
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02819
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12093
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt27123
IRS990/OtherExpensesGrp/ProgramServicesAmt0504302
IRS990/OtherExpensesGrp/ProgramServicesAmt111277
IRS990/OtherExpensesGrp/ProgramServicesAmt28373
IRS990/OtherExpensesGrp/ProgramServicesAmt32374
IRS990/OtherExpensesGrp/TotalAmt0504302
IRS990/OtherExpensesGrp/TotalAmt114096
IRS990/OtherExpensesGrp/TotalAmt210466
IRS990/OtherExpensesGrp/TotalAmt39497
IRS990/OtherLiabilitiesGrp/BOYAmt0770780
IRS990/OtherLiabilitiesGrp/EOYAmt01036120
IRS990/OtherRevenueMiscGrp/Desc0OVERHEAD REIMBURSEMENT
IRS990/OtherRevenueMiscGrp/Desc1FEES
IRS990/OtherRevenueMiscGrp/Desc2OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0225291
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1137172
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt218091
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0225291
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1137172
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt218091
IRS990/OtherRevenueTotalAmt0380554
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt035905
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0653401
IRS990/OtherSalariesAndWagesGrp/TotalAmt0689306
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01746
IRS990/PayrollTaxesGrp/ProgramServicesAmt060482
IRS990/PayrollTaxesGrp/TotalAmt062228
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt041941
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0142290
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt029452
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt041647
IRS990/PrincipalOfficerNm0SALVATORE GIGANTE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0NYC DEPARTMENT OF THE AGING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0504302
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0504302
IRS990/ProgSrvcAccomActy2Grp/Desc0ELDERLY NUTRITION PROGRAM UNDER CONTRACT WITH THE NEW YORK CITY DEPARTMENT FOR THE AGING.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0504302
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0504302
IRS990/ProgSrvcAccomActy3Grp/Desc0SOCIAL SERVICES TO RESIDENTS OF THE HOUSING DEVELOPED BY THE ORGANIZATION TO STABILIZE THE NEIGHBORHOOD.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt091223
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt091223
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0145223
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0139315
IRS990/PYOtherExpensesAmt0703266
IRS990/PYOtherRevenueAmt01099285
IRS990/PYProgramServiceRevenueAmt0333326
IRS990/PYRevenuesLessExpensesAmt0175776
IRS990/PYSalariesCompEmpBnftPaidAmt0838107
IRS990/PYTotalExpensesAmt01541373
IRS990/PYTotalRevenueAmt01717149
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-529642
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0208276
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01250739
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0193553
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0145223
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0167971
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0308777
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0327567
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01143091
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0123392
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0139315
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0127693
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0157004
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0191849
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0739253
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03197273
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.54700
IRS990ScheduleA/PublicSupportPY170Pct00.59150
IRS990ScheduleA/PublicSupportTotal170Amt01029598
IRS990ScheduleA/SubstantialContributorsTotAmt0113493
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0193553
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0145223
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0167971
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0308777
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0327567
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01143091
IRS990ScheduleA/TotalSupportAmt01882344
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/EquipmentGrp/BookValueAmt012525
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0287417
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0299942
IRS990ScheduleD/ExpensesSubtotalAmt01731443
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt01075682
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1460000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0DEVELOPMENT COSTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1VACANT LAND
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02668911
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12628934
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2332547
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt350000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEVELOPER'S FEE RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OTHER RECEIVABLES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ACCRUED INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3INITIAL MEMBER CONTRIBUTION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0542620
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1493500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MORTGAGE PAYABLE (CONTRA)
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0493500
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MORTGAGE RECEIVABLE
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueSubtotalAmt01201801
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012525
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05680392
IRS990ScheduleD/TotalBookValueProgramRltdAmt01535682
IRS990ScheduleD/TotalBookValueSecuritiesAmt0493500
IRS990ScheduleD/TotalExpensesPerForm990Amt01731443
IRS990ScheduleD/TotalLiabilityAmt01036120
IRS990ScheduleD/TotalRevenuePerForm990Amt01201801
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01201801
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01731443
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0825206
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SALVATORE GIGANTE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY/COO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0825206
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0BUILDING MANAGEMENT ASSOCIATES INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1BUILDING MANAGEMENT ASSOCIATES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1OFFICER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0783178
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGEMENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1MANAGEMENT
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SEBCO 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FATHER LOUIS GIGANTE SALVATORE GIGANTE DIRECTOR SECRETARY/CO FAMILY RELATED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S FORM 990 IS REVIEWED AND APPROVED BY CONTROLLER AND CHIEF OPERATING OFFICER BEFORE IT IS FINALIZED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY IS ENFORCED PURSUANT TO THE NEW YORK STATE NOT FOR PROFIT CORPORATION LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE SALARIES OF ALL OF THE OFFICERS AND SENIOR PERSONNEL ARE APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,533,839
Liabilities
$1,416,419
Net assets
$8,117,420
Revenue
$1,201,801
Expenses
$1,731,443
Net income
-$529,642
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