Civic Intelligence

Sebco Development Inc.

990 • Fiscal year 2024 • EIN 13-2944013

May 01, 2024 to Dec 31, 2024 • Filed on Nov 11, 2025

Organization ProfileWWW.SEBCODEVELOPMENT.ORG

View Organization Page

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

61st percentile

0.19x

Higher debt load relative to assets than 61% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

0.86x

Higher debt load relative to revenue than 82% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

16th percentile

-16%

Higher net margin than 16% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2024

Asset Growth

23rd percentile

-2.6%

Faster asset growth than 23% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

8th percentile

-32%

Faster revenue growth than 8% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets61st percentile

Assets

Down

$8,083,949

Down $219,807 (-2.6%) from 2023

Net Assets

Down

$6,517,632

Down $724,911 (-10%) from 2023

Liabilities

Up

$1,566,317

Up $505,104 (+48%) from 2023

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin16th percentile

Revenue

Down

$1,818,129

Down $843,250 (-32%) from 2023

Expenses

Down

$2,109,497

Down $1,426,759 (-40%) from 2023

Net Income

Up

-$291,368

Up $583,509 (+67%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth23rd 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: $8,083,949Liabilities 2024: $1,566,317Net Assets 2024: $6,517,6322024Assets 2024: $8,745,293Liabilities 2024: $1,936,293Net Assets 2024: $6,809,0002024

Highlighted filing

2024

Assets$8,083,949
Liabilities$1,566,317
Net Assets$6,517,632
Open 2024 Filing

Operations Trend

Revenue Growth8th 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: $1,818,129Expenses 2024: $2,109,497Net Income 2024: -$291,3682024Revenue 2024: $2,724,695Expenses 2024: $3,158,238Net Income 2024: -$433,5432024

Highlighted filing

2024

Revenue$1,818,129
Expenses$2,109,497
Net Income-$291,368
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$1,818,129
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 Other Securities$493,500$493,500→ $0
Savings and Temporary Cash Investments$657,933$469,691▼ $188,242
Cash and Non-Interest-Bearing Accounts$182,935$203,857▲ $20,922
Pledges and Grants Receivable$170,362$124,051▼ $46,311
Land, Buildings, and Equipment, Net$14,840$12,600▼ $2,240
Prepaid Expenses and Deferred Charges$18,810$11,294▼ $7,516
Total Assets$8,745,293$8,083,949▼ $661,344
Other Assets Total$7,206,913$6,768,956▼ $437,957
Liabilities
Other Liabilities$857,773$805,098▼ $52,675
Accounts Payable and Accrued Expenses$868,527$742,291▼ $126,236
Deferred Revenue$209,993$18,928▼ $191,065
Total Liabilities$1,936,293$1,566,317▼ $369,976
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,809,000$6,517,632▼ $291,368
Total Net Assets Fund Balance$6,809,000$6,517,632▼ $291,368
Total Liabilities and Net Assets / Fund Balance$8,745,293$8,083,949▼ $661,344

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,600$4,200$16,800
Other Assets Org$299,355--
Other Securities$493,500--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Salvatore GiganteCEO/directorFT$156,890$93,600$156,890
Sonal ShahControllerPT$144,679-$144,679
Angela Davis FarrishChief Executive DirectorPT$34,615-$34,615

Board Members and Trustees

NameTitle
Enrico BocciaChair
Henry ComasDirector
Jason BoroffDirector
Valerie TorresDirector
Evelyn VelasquezTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$91,300
Program Service Revenue
$499,641
Investment Income
$109,761
Other Revenue
$1,117,427
All Other Contributions
$25,455
Change in Net Assets
$-291,368

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,818,129
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,818,129
Total Revenue per Form 990
$1,818,129
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,272,958
Salaries, Compensation, and Employee Benefits$836,539
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal-$432,571-$432,571
Other Salaries and Wages$366,735$59,497-$426,232
Current Officers, Directors, Trustees, and Key Employees$216,214$63,215-$279,429
Fees for Services Other$78,600--$78,600
Other Employee Benefits$66,713$7,413-$74,126
Office Expenses$39,378$21,203-$60,581
Payroll Taxes$48,884$7,868-$56,752
Fees for Services Accounting-$37,461-$37,461
Occupancy$29,107$4,332-$33,439
Information Technology$20,918$11,264-$32,182
Insurance$11,499$4,480-$15,979
Other Expenses$8,620$2,155-$10,775
Advertising$2,508$7,525-$10,033
All Other Expenses$7,528$1,490-$9,018
Depreciation Depletion$1,456$784-$2,240
Conferences and Meetings$490$54-$544
Total Functional Expenses$1,410,765$698,732$0$2,109,497

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,109,497
Total Expenses per Audited Statements$2,109,497
Total Expenses per Form 990$2,109,497
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Long Term Lease Obligation$227,985
Lease Obligations$83,613
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
No
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
Yes
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, Part VI, Section B, Line 11B

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

Form 990, Part VI, Section B, Line 12C

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

Form 990, Part VI, Section B, Line 15

“The salary of ceo is approved by the board of independent directors. The salaries of all of the officers and senior personnel are approved by the board of directors.”

Form 990, Part VI, Section C, 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
CEO/director
Phone
3477262547
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Salvatore Gigante
Formed
1978
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
4
Employees
41
Volunteers
0

Preparer

Firm
Lipsky Goodkin & Co Pc
Address
120 WEST 45TH STREET 7TH FL, NEW YORK, NY 10036
Preparer
Mesug Kim
Phone
2128406444
Raw XML AppendixShowing 400 of 842 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0868527
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0742291
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SEBCO 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.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt07525
IRS990/AdvertisingGrp/ProgramServicesAmt02508
IRS990/AdvertisingGrp/TotalAmt010033
IRS990/AllOtherContributionsAmt025455
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01490
IRS990/AllOtherExpensesGrp/ProgramServicesAmt07528
IRS990/AllOtherExpensesGrp/TotalAmt09018
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SALVATORE GIGANTE
IRS990/BooksInCareOfDetail/PhoneNum03477262547
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0429 BRUCKNER BLVD 2ND FLOOR
IRS990/BooksInCareOfDetail/USAddress/CityNm0BRONX
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010455
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0182935
IRS990/CashNonInterestBearingGrp/EOYAmt0203857
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt063215
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0216214
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0279429
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt054
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0490
IRS990/ConferencesMeetingsGrp/TotalAmt0544
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt091300
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0109761
IRS990/CYOtherExpensesAmt01272958
IRS990/CYOtherRevenueAmt01117427
IRS990/CYProgramServiceRevenueAmt0499641
IRS990/CYRevenuesLessExpensesAmt0-291368
IRS990/CYSalariesCompEmpBnftPaidAmt0836539
IRS990/CYTotalExpensesAmt02109497
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01818129
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0209993
IRS990/DeferredRevenueGrp/EOYAmt018928
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0784
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01456
IRS990/DepreciationDepletionGrp/TotalAmt02240
IRS990/Desc0HOUSING DEVELOPMENT FOR LOW INCOME, ELDERLY AND THE DISABLED.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt041
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0845279
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt037461
IRS990/FeesForServicesAccountingGrp/TotalAmt037461
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0432571
IRS990/FeesForServicesLegalGrp/TotalAmt0432571
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt078600
IRS990/FeesForServicesOtherGrp/TotalAmt078600
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt236.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt630.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt730.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0ENRICO BOCCIA
IRS990/Form990PartVIISectionAGrp/PersonNm1EVELYN VELASQUEZ
IRS990/Form990PartVIISectionAGrp/PersonNm2SALVATORE GIGANTE
IRS990/Form990PartVIISectionAGrp/PersonNm3HENRY COMAS
IRS990/Form990PartVIISectionAGrp/PersonNm4JASON BOROFF
IRS990/Form990PartVIISectionAGrp/PersonNm5VALERIE TORRES
IRS990/Form990PartVIISectionAGrp/PersonNm6SONAL SHAH
IRS990/Form990PartVIISectionAGrp/PersonNm7ANGELA DAVIS FARRISH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2156890
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6144679
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt734615
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt293600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4296549
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2CEO/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHIEF EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01978
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt065845
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01818129
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt011264
IRS990/InformationTechnologyGrp/ProgramServicesAmt020918
IRS990/InformationTechnologyGrp/TotalAmt032182
IRS990/InsuranceGrp/ManagementAndGeneralAmt04480
IRS990/InsuranceGrp/ProgramServicesAmt011499
IRS990/InsuranceGrp/TotalAmt015979
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0109761
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0109761
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0493500
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0493500
IRS990/IRPDocumentCnt024
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04200
IRS990/LandBldgEquipBasisNetGrp/BOYAmt014840
IRS990/LandBldgEquipBasisNetGrp/EOYAmt012600
IRS990/LandBldgEquipCostOrOtherBssAmt016800
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SEBCO 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt06809000
IRS990/NetAssetsOrFundBalancesEOYAmt06517632
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt06809000
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06517632
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt04332
IRS990/OccupancyGrp/ProgramServicesAmt029107
IRS990/OccupancyGrp/TotalAmt033439
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt021203
IRS990/OfficeExpensesGrp/ProgramServicesAmt039378
IRS990/OfficeExpensesGrp/TotalAmt060581
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07206913
IRS990/OtherAssetsTotalGrp/EOYAmt06768956
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt07413
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt066713
IRS990/OtherEmployeeBenefitsGrp/TotalAmt074126
IRS990/OtherExpensesGrp/Desc0ELDERLY NUTRITION PROGR
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2EQUIPMENT RENTAL
IRS990/OtherExpensesGrp/Desc3REPAIR & MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt020729
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt116691
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22155
IRS990/OtherExpensesGrp/ProgramServicesAmt0499641
IRS990/OtherExpensesGrp/ProgramServicesAmt16910
IRS990/OtherExpensesGrp/ProgramServicesAmt25564
IRS990/OtherExpensesGrp/ProgramServicesAmt38620
IRS990/OtherExpensesGrp/TotalAmt0499641
IRS990/OtherExpensesGrp/TotalAmt127639
IRS990/OtherExpensesGrp/TotalAmt222255
IRS990/OtherExpensesGrp/TotalAmt310775
IRS990/OtherLiabilitiesGrp/BOYAmt0857773
IRS990/OtherLiabilitiesGrp/EOYAmt0805098
IRS990/OtherRevenueMiscGrp/BusinessCd0531311
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0FEES
IRS990/OtherRevenueMiscGrp/Desc1OVERHEAD REIMBURSEMENT
IRS990/OtherRevenueMiscGrp/Desc2OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0610157
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1501033
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt26237
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0610157
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1501033
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt26237
IRS990/OtherRevenueTotalAmt01117427
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt059497
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0366735
IRS990/OtherSalariesAndWagesGrp/TotalAmt0426232
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07868
IRS990/PayrollTaxesGrp/ProgramServicesAmt048884
IRS990/PayrollTaxesGrp/TotalAmt056752
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0170362
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0124051
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018810
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011294
IRS990/PrincipalOfficerNm0SALVATORE GIGANTE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0624200
IRS990/ProgramServiceRevenueGrp/Desc0NYC DEPARTMENT OF THE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0499641
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0499641
IRS990/ProgSrvcAccomActy2Grp/Desc0ELDERLY NUTRITION PROGRAM UNDER CONTRACT WITH THE NEW YORK CITY DEPARTMENT FOR THE AGING.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0499641
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0499641
IRS990/ProgSrvcAccomActy3Grp/Desc0SOCIAL SERVICES TO RESIDENTS OF THE HOUSING DEVELOPED BY THE ORGANIZATION TO STABILIZE THE NEIGHBORHOOD.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt065845
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt065845
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0148631
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0178107
IRS990/PYOtherExpensesAmt01800538
IRS990/PYOtherRevenueAmt01685810
IRS990/PYProgramServiceRevenueAmt0712147
IRS990/PYRevenuesLessExpensesAmt0-433543
IRS990/PYSalariesCompEmpBnftPaidAmt01357700
IRS990/PYTotalExpensesAmt03158238
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02724695
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-291368
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0657933
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0469691
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION CHANGED ITS FISCAL YEAR END FROM APRIL 30 TO DECEMBER 31. THIS TAX RETURN IS PREPARED FOR THE PERIOD FROM MAY 1, 2024 TO DECEMBER 31, 2024.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, SHORT YEAR EXPLANATION:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt091300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0148631
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0120727
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0193553
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0145223
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0699434
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0109761
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0178107
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0145324
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0123392
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0139315
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0695899
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02558876
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.45600
IRS990ScheduleA/PublicSupportPY170Pct00.42750
IRS990ScheduleA/PublicSupportTotal170Amt0636341
IRS990ScheduleA/SubstantialContributorsTotAmt063093
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt091300
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0148631
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0120727
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0193553
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0145223
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0699434
IRS990ScheduleA/TotalSupportAmt01395333
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt012600
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04200
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt016800
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02109497
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02733723
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12668911
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2695129
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt350000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt415000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt5306838
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt6299355
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER RECEIVABLES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEVELOPER'S FEE RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ACCRUED INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3INITIAL MEMBER CONTRIBUTION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5DUE FROM CROTONA BELMONT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6RIGHT OF USE ASSETS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0493500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt183613
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2227985
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MORTGAGE PAYABLE (CONTRA)
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LEASE OBLIGATIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2LONG TERM LEASE OBLIGATION
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0493500
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MORTGAGE RECEIVABLE
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01818129
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012600
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06768956
IRS990ScheduleD/TotalBookValueSecuritiesAmt0493500
IRS990ScheduleD/TotalExpensesPerForm990Amt02109497
IRS990ScheduleD/TotalLiabilityAmt0805098
IRS990ScheduleD/TotalRevenuePerForm990Amt01818129
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01818129
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02109497
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1156890
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt193600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,083,949
Liabilities
$1,566,317
Net assets
$6,517,632
Revenue
$1,818,129
Expenses
$2,109,497
Net income
-$291,368
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
2024Detailed filing. Detailed filing data is available for this year.$8.08$1.57$6.52$1.82$2.11$0.29
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