Civic Intelligence

178Th Street Housing Development Fund Corporation

990 • Fiscal year 2017 • EIN 13-3054220

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 19, 2017

Organization ProfileWWW.SEBCODEVELOMENT.ORG
885 Bruckner BoulevardThe Bronx, NY 10459-5201

(718) 617-2800

Siviq Scores

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

Liabilities / Assets

99th percentile

2.76x

Higher debt load relative to assets than 99% of similar nonprofits.

2017 filings • NTEE L • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2017

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2017 filings • NTEE L • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

2017 filings • NTEE L • $1M-$5M nonprofits • Source year 2017

Asset Growth

4th percentile

-15%

Faster asset growth than 4% of similar nonprofits.

2017 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2015 to 2017

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2015 to 2017

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$2,712,752

Down $1,004,195 (-27%) from 2015

Net Assets

Down

-$4,779,935

Down $385,593 (-8.8%) from 2015

Liabilities

Down

$7,492,687

Down $618,602 (-7.6%) from 2015

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Up

-$131,529

Up $197,551 (+60%) from 2015

Expenses

Flat

$0

Flat from 2015

Net Income

Up

-$131,529

Up $197,551 (+60%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$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

2017

Assets$2,712,752
Liabilities$7,492,687
Net Assets-$4,779,935
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue-$131,529
Expenses$0
Net Income-$131,529
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 19, 2017
Return Version
2016v3.0
Gross Receipts
$1,894,594
Mission and Program Overview

Mission

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

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,041,698$1,710,953▼ $330,745
Prepaid Expenses and Deferred Charges$122,714$132,605▲ $9,891
Cash and Non-Interest-Bearing Accounts$57,378$114,745▲ $57,367
Accounts Receivable$73,117$41,667▼ $31,450
Total Assets$3,002,533$2,712,752▼ $289,781
Other Assets Total$707,626$712,782▲ $5,156
Liabilities
Other Liabilities$7,445,397$7,348,692▼ $96,705
Accounts Payable and Accrued Expenses$201,922$142,250▼ $59,672
Deferred Revenue$3,620$1,745▼ $1,875
Total Liabilities$7,650,939$7,492,687▼ $158,252
Net Assets / Fund Balance
Unrestricted Net Assets$-4,648,406$-4,779,935▼ $131,529
Total Net Assets Fund Balance$-4,648,406$-4,779,935▼ $131,529
Total Liabilities and Net Assets / Fund Balance$3,002,533$2,712,752▼ $289,781

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,659,067$7,441,373$9,100,440
Land$51,886-$51,886
Other Assets Org$27,809--
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Louis R GiganteChairman
Enrico BocciaPresident
Alejandro RosadoDirector
Salvatore GiganteExecutive Vi
Carmen ReyesTreasurer/se
Revenue and Support

Revenue Composition

Contributions and Grants
$17,833
Program Service Revenue
$0
Investment Income
$454
Other Revenue
$-149,816
Change in Net Assets
$-131,529

Audited Revenue Reconciliation

Revenue per Audited Statements
$-131,529
Total Revenue per Audited Statements
$-131,529
Total Revenue per Form 990
$-131,529
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$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-long Term$7,584,164
Mortgage Payable-current$117,805
Tenant Security Deposits$27,809
Debt Issuance-not of Amortization$-381,086
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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, Page 6, Part VI, Line 2

“Sebco development, inc. Chairman building management associates, in ex vice pres building managment associates, inc. Chariman sentry security co., inc. Chairman”

Form 990, Page 6, Part VI, Line 3

“The sole asset of the organization is an apartment building managed by building management associates, inc., a real estate property manager majority owned by the chairman of the organization. Its fees are established by the u.s. Department of housing and urban renewal.”

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

“Audited financial statements from which the financial information reported on the return are reviewed by the officers of the organization.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
178th Street Housing Development
EIN
13-3054220
Phone
7186172800
Address
885 BRUCKNER BOULEVARD, THE BRONX, NY 10459-5201

Signing Officer

Name
Salvatore Gigante
Title
Executive Vice Presi
Phone
7186172800
Signed
2017-12-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Salvatore Gigante
Formed
1980
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
5
Employees
5

Preparer

Firm
Irwin Siegel CPA
Address
900 THIRD AVENUE 17TH FLOOR, NEW YORK, NY 10022-4792
Preparer
Irwin Siegel CPA
Phone
2124475599
Raw XML Appendix321 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0201922
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0142250
IRS990/AccountsReceivableGrp/BOYAmt073117
IRS990/AccountsReceivableGrp/EOYAmt041667
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROVIDES AFFORDABLE HOUSING TO THE ELDERLY AND DISABLED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1936.
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0BUILDING MANAGEMENT ASSOCIATES INC
IRS990/BooksInCareOfDetail/PhoneNum07186172800
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0885 BRUCKNER BOULEVARD
IRS990/BooksInCareOfDetail/USAddress/CityNm0BRONX
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010459
IRS990/BusinessRlnWithFamMemInd0true
IRS990/BusinessRlnWithOfficerEntInd0true
IRS990/BusinessRlnWithOrgMemInd0true
IRS990/CashNonInterestBearingGrp/BOYAmt057378
IRS990/CashNonInterestBearingGrp/EOYAmt0114745
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt017833
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0454
IRS990/CYOtherExpensesAmt00
IRS990/CYOtherRevenueAmt0-149816
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-131529
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt00
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0-131529
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt03620
IRS990/DeferredRevenueGrp/EOYAmt01745
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/Desc0AFFORDABLE HOUSING FOR ELDERLY AND INFIRMED.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt02026123
IRS990/FamilyOrBusinessRlnInd0true
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0ENRICO BOCCIA
IRS990/Form990PartVIISectionAGrp/PersonNm1LOUIS R GIGANTE
IRS990/Form990PartVIISectionAGrp/PersonNm2CARMEN REYES
IRS990/Form990PartVIISectionAGrp/PersonNm3ALEJANDRO ROSADO
IRS990/Form990PartVIISectionAGrp/PersonNm4SALVATORE GIGANTE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER/SE
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE VI
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01980
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt017833
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01894594
IRS990/GrossRentsGrp/RealAmt01876307
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0454
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0454
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt07441373
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02041698
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01710953
IRS990/LandBldgEquipCostOrOtherBssAmt09152326
IRS990/LegalDomicileStateCd0NY
IRS990/LessRentalExpensesGrp/RealAmt02026123
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDES AFFORDABLE HOUSING TO THE ELDERLY AND DISABLED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1936.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0-4648406
IRS990/NetAssetsOrFundBalancesEOYAmt0-4779935
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-149816
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-149816
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0707626
IRS990/OtherAssetsTotalGrp/EOYAmt0712782
IRS990/OtherLiabilitiesGrp/BOYAmt07445397
IRS990/OtherLiabilitiesGrp/EOYAmt07348692
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0122714
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0132605
IRS990/PrincipalOfficerNm0SALVATORE GIGANTE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt026378
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0853
IRS990/PYOtherRevenueAmt0-281295
IRS990/PYRevenuesLessExpensesAmt0-254064
IRS990/PYTotalRevenueAmt0-254064
IRS990/ReconcilationRevenueExpnssAmt0-131529
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0-149816
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01894594
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt017833
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt017833
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01876761
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01876761
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt01894594
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01894594
IRS990ScheduleA/Total509Grp/TotalAmt01894594
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01894594
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01894594
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/LandGrp/BookValueAmt051886
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt051886
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0565153
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1119820
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt227809
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1MORTGAGE ESCROW DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01659067
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07441373
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt09100440
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07584164
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1117805
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt227809
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3-381086
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MORTGAGE PAYABLE-LONG TERM
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MORTGAGE PAYABLE-CURRENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DEBT ISSUANCE-NOT OF AMORTIZATION
IRS990ScheduleD/RevenueSubtotalAmt0-131529
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01710953
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0712782
IRS990ScheduleD/TotalLiabilityAmt07348692
IRS990ScheduleD/TotalRevenuePerForm990Amt0-131529
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-131529
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0BUILDING MANAGEMENT ASSOCIATES INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1TIFFANY MAINTENANCE CO INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt2SENTRY SECURITY CO INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt3BUILDING MANAGEMENT ASSOCIATES INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt4BUILDIING MANAGEMENT ASSOCIATES IN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2OFFICER AND DIR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3CONSULTANT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt4NEPHEW
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd3false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd4false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PROPERTY MANAGEMENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1MAINTENANCE AND REPA
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2GUARD SERVICES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3PROPERTY MANAGEMENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc4PROPERTY MANAGEMENT
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SEBCO DEVELOPMENT, INC. CHAIRMAN BUILDING MANAGEMENT ASSOCIATES, IN EX VICE PRES BUILDING MANAGMENT ASSOCIATES, INC. CHARIMAN SENTRY SECURITY CO., INC. CHAIRMAN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SOLE ASSET OF THE ORGANIZATION IS AN APARTMENT BUILDING MANAGED BY BUILDING MANAGEMENT ASSOCIATES, INC., A REAL ESTATE PROPERTY MANAGER MAJORITY OWNED BY THE CHAIRMAN OF THE ORGANIZATION. ITS FEES ARE ESTABLISHED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN RENEWAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AUDITED FINANCIAL STATEMENTS FROM WHICH THE FINANCIAL INFORMATION REPORTED ON THE RETURN ARE REVIEWED BY THE OFFICERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03397604
IRS990/TotalAssetsEOYAmt02712752
IRS990/TotalAssetsGrp/BOYAmt03002533
IRS990/TotalAssetsGrp/EOYAmt02712752
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt017833
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt00
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08046010
IRS990/TotalLiabilitiesEOYAmt07492687
IRS990/TotalLiabilitiesGrp/BOYAmt07650939
IRS990/TotalLiabilitiesGrp/EOYAmt07492687
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-4648406
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-4779935
IRS990/TotalProgramServiceExpensesAmt02026123
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-149362
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-131529
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03002533
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02712752
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-4648406
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-4779935
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0885 BRUCKNER BOULEVARD
IRS990/USAddress/CityNm0BRONX
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010459
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.SEBCODEVELOMENT.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SALVATORE GIGANTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE VICE PRESI
ReturnHeader/BusinessOfficerGrp/PhoneNum07186172800
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-12-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0178TH STREET HOUSING DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FUND CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0178T
ReturnHeader/Filer/EIN0133054220
ReturnHeader/Filer/PhoneNum07186172800
ReturnHeader/Filer/USAddress/AddressLine1Txt0885 BRUCKNER BOULEVARD
ReturnHeader/Filer/USAddress/CityNm0THE BRONX
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd0104595201
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId07C77AE909419911C4C2720A85BD20266441CFDB8
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07C77AE909419911C4C2720A85BD20266441CFDB8
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0132992528
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0IRWIN SIEGEL CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0900 THIRD AVENUE 17TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0100224792
ReturnHeader/PreparerPersonGrp/PhoneNum02124475599
ReturnHeader/PreparerPersonGrp/PreparationDt02018-01-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0IRWIN SIEGEL CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-01-08T11:44:04-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$2,712,752
Liabilities
$7,492,687
Net assets
-$4,779,935
Revenue
-$131,529
Expenses
$0
Net income
-$131,529
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