Civic Intelligence

178Th Street Housing Development Fund Company Inc

EIN 13-3054220 • 501(c)3 • Bronx, NY

Profile

Provides affordable housing to the elderly and disabled under section 202 of the federal housing act of 1936.

429 Bruckner Blvd 2nd FloorBronx, NY 10455

www.sebcodeveloment.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

100th percentile

6.29x

Higher debt load relative to assets than 100% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

69th percentile

4.38x

Higher debt load relative to revenue than 69% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Source year 2025

Net Margin

23rd percentile

-29%

Higher net margin than 23% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

80th percentile

$250,490

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 12.5% of source-year revenue.

NTEE L • $1M-$5M nonprofits • Source year 2025

Asset Growth

75th percentile

4.9%

Faster asset growth than 75% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

59th percentile

5.7%

Faster revenue growth than 59% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets100th percentile

Assets

Up

$1,401,022

Up $65,254 (+4.9%) from 2024

Liabilities

Up

$8,810,732

Up $645,918 (+7.9%) from 2024

Net Assets

Down

-$7,409,710

Down $580,664 (-8.5%) from 2024

Operations
Liabilities / Revenue69th percentileNet Margin23rd percentile

Revenue

Up

$2,009,717

Up $108,795 (+5.7%) from 2024

Expenses

Up

$2,590,381

Up $302,245 (+13%) from 2024

Net Income

Down

-$580,664

Down $193,450 (-50%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth75th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0M-$10MAssets 2011: $5,356,047Liabilities 2011: $8,786,424Net Assets 2011: -$3,430,3772011Assets 2012: $4,927,341Liabilities 2012: $8,556,896Net Assets 2012: -$3,629,5552012Assets 2013: $4,606,286Liabilities 2013: $8,432,505Net Assets 2013: -$3,826,2192013Assets 2014: $4,221,151Liabilities 2014: $8,286,413Net Assets 2014: -$4,065,2622014Assets 2015: $3,716,947Liabilities 2015: $8,111,289Net Assets 2015: -$4,394,3422015Assets 2017: $2,712,752Liabilities 2017: $7,492,687Net Assets 2017: -$4,779,9352017Assets 2018: $2,591,043Liabilities 2018: $7,434,123Net Assets 2018: -$4,843,0802018Assets 2019: $2,375,541Liabilities 2019: $7,537,664Net Assets 2019: -$5,162,1232019Assets 2020: $2,151,240Liabilities 2020: $7,647,966Net Assets 2020: -$5,496,7262020Assets 2021: $1,529,787Liabilities 2021: $7,304,061Net Assets 2021: -$5,774,2742021Assets 2022: $1,540,743Liabilities 2022: $7,653,064Net Assets 2022: -$6,112,3212022Assets 2023: $1,607,743Liabilities 2023: $8,049,575Net Assets 2023: -$6,441,8322023Assets 2024: $1,335,768Liabilities 2024: $8,164,814Net Assets 2024: -$6,829,0462024Assets 2025: $1,401,022Liabilities 2025: $8,810,732Net Assets 2025: -$7,409,7102025

Highlighted filing

2025

Assets$1,401,022
Liabilities$8,810,732
Net Assets-$7,409,710
Open 2025 Filing

Operations Trend

Revenue Growth59th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: -$130,788Expenses 2011: $0Net Income 2011: -$130,7882011Expenses 2012: $02012Revenue 2013: -$182,679Expenses 2013: $0Net Income 2013: -$182,6792013Revenue 2014: -$239,043Expenses 2014: $0Net Income 2014: -$239,0432014Revenue 2015: -$329,080Expenses 2015: $0Net Income 2015: -$329,0802015Revenue 2017: -$131,529Expenses 2017: $0Net Income 2017: -$131,5292017Revenue 2018: $2,022,379Expenses 2018: $2,085,524Net Income 2018: -$63,1452018Revenue 2019: $1,898,461Expenses 2019: $2,217,504Net Income 2019: -$319,0432019Revenue 2020: $1,909,960Expenses 2020: $2,244,563Net Income 2020: -$334,6032020Revenue 2021: -$277,548Expenses 2021: $0Net Income 2021: -$277,5482021Revenue 2022: $2,056,316Expenses 2022: $2,394,363Net Income 2022: -$338,0472022Revenue 2023: $2,017,884Expenses 2023: $2,347,395Net Income 2023: -$329,5112023Revenue 2024: $1,900,922Expenses 2024: $2,288,136Net Income 2024: -$387,2142024Revenue 2025: $2,009,717Expenses 2025: $2,590,381Net Income 2025: -$580,6642025

Highlighted filing

2025

Revenue$2,009,717
Expenses$2,590,381
Net Income-$580,664
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,401,022
Liabilities
$8,810,732
Net assets
-$7,409,710
Revenue
$2,009,717
Expenses
$2,590,381
Net income
-$580,664
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.40$8.81$7.41$2.01$2.59$0.58
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$8.16$6.83$1.90$2.29$0.39
2023Detailed filing. Detailed filing data is available for this year.$1.61$8.05$6.44$2.02$2.35$0.33
2022Detailed filing. Detailed filing data is available for this year.$1.54$7.65$6.11$2.06$2.39$0.34
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.53$7.30$5.77$0.28$0.00$0.28
2020Detailed filing. Detailed filing data is available for this year.$2.15$7.65$5.50$1.91$2.24$0.33
2019Detailed filing. Detailed filing data is available for this year.$2.38$7.54$5.16$1.90$2.22$0.32
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.59$7.43$4.84$2.02$2.09$0.06
2017Detailed filing. Detailed filing data is available for this year.$2.71$7.49$4.78$0.13$0.00$0.13
2015Summary only. Only limited summary data is available for this year.$3.72$8.11$4.39$0.33$0.00$0.33
2014Summary only. Only limited summary data is available for this year.$4.22$8.29$4.07$0.24$0.00$0.24
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.61$8.43$3.83$0.18$0.00$0.18
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.93$8.56$3.63$0.00
2011Summary only. Only limited summary data is available for this year.$5.36$8.79$3.43$0.13$0.00$0.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 18, 2025
Return Version
2024v5.5
Gross Receipts
$2,009,717
Mission and Program Overview

Mission

Provides afordable housing to the elderly and handicapped under section 202 of the federal housing act of 1959.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$293,539$472,861▲ $179,322
Intangible Assets$283,191$269,206▼ $13,985
Prepaid Expenses and Deferred Charges$137,202$143,956▲ $6,754
Accounts Receivable$160,998$57,086▼ $103,912
Cash and Non-Interest-Bearing Accounts$50,632$9,191▼ $41,441
Total Assets$1,335,768$1,401,022▲ $65,254
Other Assets Total$410,206$448,722▲ $38,516
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,712,847$6,535,601▼ $177,246
Accounts Payable and Accrued Expenses$1,410,512$2,226,734▲ $816,222
Other Liabilities$28,880$33,190▲ $4,310
Deferred Revenue$12,575$15,207▲ $2,632
Total Liabilities$8,164,814$8,810,732▲ $645,918
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-6,829,046$-7,409,710▼ $580,664
Total Net Assets Fund Balance$-6,829,046$-7,409,710▼ $580,664
Total Liabilities and Net Assets / Fund Balance$1,335,768$1,401,022▲ $65,254

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$420,975$7,994,681$8,415,656
Equipment$0$1,095,415$1,095,415
Land$51,886-$51,886
Other Assets Org$33,190--
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleOtherTotal
Sonal ShahController$144,679$144,679
Angela Davis FarrishChief Exective Director$34,615$34,615

Board Members and Trustees

NameTitle
Enrico BocciaChair
Salvatore GiganteVice President
Evelyn VelazquezTreasurey/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,009,240
Investment Income
$477
Other Revenue
$0
Change in Net Assets
$-580,664

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,009,717
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,009,717
Total Revenue per Form 990
$2,009,717
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,429,765
Salaries, Compensation, and Employee Benefits$160,616
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$389,867--$389,867
All Other Expenses$265,972--$265,972
Other Expenses$216,908--$216,908
Insurance$199,455--$199,455
Fees for Services Management-$105,639-$105,639
Other Salaries and Wages$98,306--$98,306
Other Employee Benefits$53,723--$53,723
Depreciation Depletion$35,013--$35,013
Fees for Services Accounting-$17,201-$17,201
Fees for Services Legal$11,527--$11,527
Office Expenses$10,867--$10,867
Payroll Taxes$8,587--$8,587
Fees for Services Other$6,205--$6,205
Total Functional Expenses$2,467,541$122,840$0$2,590,381

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,590,381
Total Expenses per Audited Statements$2,590,381
Total Expenses per Form 990$2,590,381
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Officer/directorSecurity ServicesNo$105,468
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposit$33,190
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization operates a housing project for the elderly and handicappedunder section 202 of the federal housing act of 1959. The building are managed by the wavecrest management team ltd., a real estate property management company.”

Form 990, Part VI, Section A, Line 6

“Organized with one member, sebco development co., inc., a not for profit irc section 501 (c) (3) community based organization.”

Form 990, Part VI, Section A, Line 7A

“Sebco development, inc., the sole member of the organization, has the right to appoint the members to the board of directors.”

Form 990, Part VI, Section B, Line 11B

“The organization's 990 is reviewed and approved by controller and vice president before it is finalized and filied.”

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

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

Form 990, Part VI, Section C, Line 19

“Documents, which are public records, are available from the ny secretary of state and provide upon request.”

Filing and Contact Details

Filer

Filer Name
178th Street Housing Development
EIN
13-3054220
Phone
7186172800
Address
429 BRUCKNER BLVD 2ND FLOOR, BRONX, NY 10455

Signing Officer

Name
Salvatore Gigante
Title
Vice President
Phone
7186172800
Signed
2025-12-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Salvatore Gigante
Formed
1980
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
2
Employees
5
Volunteers
0

Preparer

Firm
Lipsky Goodkin & Co Pc
Address
120 WEST 45TH STREET 7TH FL, NEW YORK, NY 10036
Preparer
Mesug Kim
Phone
2128406444
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Bad debt: program service expenses 204,454. Management and general expenses 0. Fundraising expenses 0. Total expenses 204,454. Elderly service expenses: program service expenses 38,004. Management and general expenses 0. Fundraising expenses 0. Total expenses 38,004. Adm rent free unit: program service expenses 22,208. Management and general expenses 0. Fundraising expenses 0. Total expenses 22,208. License and permits: program service expenses 1,306. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,306.”

Financial Statement Notes

PART IV, LINE 2B:

“The organization holds security deposits from tenants in an escrow account. These deposits are returned to the tenants once tenants move out of the apartment.”

Raw XML AppendixShowing 400 of 478 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
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IRS990/ActivityOrMissionDesc0PROVIDES AFORDABLE HOUSING TO THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959.
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IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt053723
IRS990/OtherEmployeeBenefitsGrp/TotalAmt053723
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1REPAIRS
IRS990/OtherExpensesGrp/Desc2TAXES
IRS990/OtherExpensesGrp/Desc3SECURITY
IRS990/OtherExpensesGrp/ProgramServicesAmt0491812
IRS990/OtherExpensesGrp/ProgramServicesAmt1369879
IRS990/OtherExpensesGrp/ProgramServicesAmt2309420
IRS990/OtherExpensesGrp/ProgramServicesAmt3216908
IRS990/OtherExpensesGrp/TotalAmt0491812
IRS990/OtherExpensesGrp/TotalAmt1369879
IRS990/OtherExpensesGrp/TotalAmt2309420
IRS990/OtherExpensesGrp/TotalAmt3216908
IRS990/OtherLiabilitiesGrp/BOYAmt028880
IRS990/OtherLiabilitiesGrp/EOYAmt033190
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt098306
IRS990/OtherSalariesAndWagesGrp/TotalAmt098306
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt08587
IRS990/PayrollTaxesGrp/TotalAmt08587
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0137202
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0143956
IRS990/PrincipalOfficerNm0SALVATORE GIGANTE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1624120
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE COORDINATOR
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01971236
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt138004
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01971236
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt138004
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0465
IRS990/PYOtherExpensesAmt02153205
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01900457
IRS990/PYRevenuesLessExpensesAmt0-387214
IRS990/PYSalariesCompEmpBnftPaidAmt0134931
IRS990/PYTotalExpensesAmt02288136
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01900922
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-580664
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02009240
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0120143
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt021033
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0141176
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0477
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0465
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0378
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0135
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0301
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01756
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02009240
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01900457
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02017506
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01936038
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01935903
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt09799144
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0477
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0465
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0378
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0135
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0301
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01756
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct00.99980
IRS990ScheduleA/PublicSupportTotal509Amt09940320
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02009240
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01900457
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02017506
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02056181
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01956936
IRS990ScheduleA/Total509Grp/TotalAmt09940320
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02009717
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01900922
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02017884
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02056316
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01957237
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt09942076
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0420975
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07994681
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08415656
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01095415
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01095415
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02590381
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt051886
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt051886
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0280823
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1134709
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt233190
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1MORTGAGE ESCROW DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt033190
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSIT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02009717
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HOLDS SECURITY DEPOSITS FROM TENANTS IN AN ESCROW ACCOUNT. THESE DEPOSITS ARE RETURNED TO THE TENANTS ONCE TENANTS MOVE OUT OF THE APARTMENT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0472861
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0448722
IRS990ScheduleD/TotalExpensesPerForm990Amt02590381
IRS990ScheduleD/TotalLiabilityAmt033190
IRS990ScheduleD/TotalRevenuePerForm990Amt02009717
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02009717
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02590381
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0250490
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SALVATORE GIGANTE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0250490
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0SENTRY SECURITY INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OFFICER/DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0105468
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SECURITY SERVICES
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION OPERATES A HOUSING PROJECT FOR THE ELDERLY AND HANDICAPPEDUNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959. THE BUILDING ARE MANAGED BY THE WAVECREST MANAGEMENT TEAM LTD., A REAL ESTATE PROPERTY MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZED WITH ONE MEMBER, SEBCO DEVELOPMENT CO., INC., A NOT FOR PROFIT IRC SECTION 501 (C) (3) COMMUNITY BASED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SEBCO DEVELOPMENT, INC., THE SOLE MEMBER OF THE ORGANIZATION, HAS THE RIGHT TO APPOINT THE MEMBERS TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S 990 IS REVIEWED AND APPROVED BY CONTROLLER AND VICE PRESIDENT BEFORE IT IS FINALIZED AND FILIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CONFLICTS OF INTEREST POLICY IS ENFORCED PURSUANT TO THE NEW YORK STATE NOT-FOR-PROFIT CORPORATION LAWS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS, WHICH ARE PUBLIC RECORDS, ARE AVAILABLE FROM THE NY SECRETARY OF STATE AND PROVIDE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BAD DEBT: PROGRAM SERVICE EXPENSES 204,454. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 204,454. ELDERLY SERVICE EXPENSES: PROGRAM SERVICE EXPENSES 38,004. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 38,004. ADM RENT FREE UNIT: PROGRAM SERVICE EXPENSES 22,208. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,208. LICENSE AND PERMITS: PROGRAM SERVICE EXPENSES 1,306. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,306.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SEBCO DEVELOPMENT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0132944013
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0DEVELOPMEN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0429 BRUCKNER BLVD 2ND FLOOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BRONX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010455
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00

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