Civic Intelligence

178Th Street Housing Development Fund Corporation

990 • Fiscal year 2024 • EIN 13-3054220

Jul 01, 2023 to Jun 30, 2024 • Filed on Apr 29, 2025

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

100th percentile

6.11x

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

2024 filings • NTEE L • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

4.30x

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

2024 filings • NTEE L • $1M-$5M nonprofits • Source year 2024

Net Margin

30th percentile

-20%

Higher net margin than 30% of similar nonprofits.

2024 filings • NTEE L • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

80th percentile

$251,995

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 13.3% of source-year revenue.

2024 filings • NTEE L • $1M-$5M nonprofits • Source year 2024

Asset Growth

5th percentile

-17%

Faster asset growth than 5% of similar nonprofits.

2024 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

20th percentile

-5.8%

Faster revenue growth than 20% of similar nonprofits.

2024 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets100th percentile

Assets

Down

$1,335,768

Down $271,975 (-17%) from 2023

Net Assets

Down

-$6,829,046

Down $387,214 (-6.0%) from 2023

Liabilities

Up

$8,164,814

Up $115,239 (+1.4%) from 2023

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin30th percentile

Revenue

Down

$1,900,922

Down $116,962 (-5.8%) from 2023

Expenses

Down

$2,288,136

Down $59,259 (-2.5%) from 2023

Net Income

Down

-$387,214

Down $57,703 (-18%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth5th 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

2024

Assets$1,335,768
Liabilities$8,164,814
Net Assets-$6,829,046
Open 2024 Filing

Operations Trend

Revenue Growth20th percentile

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

2024

Revenue$1,900,922
Expenses$2,288,136
Net Income-$387,214
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 29, 2025
Return Version
2023v6.0
Gross Receipts
$1,900,922
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$160,208$293,539▲ $133,331
Intangible Assets$297,176$283,191▼ $13,985
Accounts Receivable$291,832$160,998▼ $130,834
Prepaid Expenses and Deferred Charges$139,914$137,202▼ $2,712
Cash and Non-Interest-Bearing Accounts$50,203$50,632▲ $429
Total Assets$1,607,743$1,335,768▼ $271,975
Other Assets Total$668,410$410,206▼ $258,204
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,880,045$6,712,847▼ $167,198
Accounts Payable and Accrued Expenses$1,133,149$1,410,512▲ $277,363
Other Liabilities$30,728$28,880▼ $1,848
Deferred Revenue$5,653$12,575▲ $6,922
Total Liabilities$8,049,575$8,164,814▲ $115,239
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-6,441,832$-6,829,046▼ $387,214
Total Net Assets Fund Balance$-6,441,832$-6,829,046▼ $387,214
Total Liabilities and Net Assets / Fund Balance$1,607,743$1,335,768▼ $271,975

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$241,653$7,973,653$8,215,306
Equipment-$1,095,415$1,095,415
Land$51,886-$51,886
Other Assets Org$28,880--
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleOtherTotal
Salvatore GiganteVice Preside$251,995$251,995
Sonal ShahController$139,248$139,248

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,900,457
Investment Income
$465
Other Revenue
$0
Change in Net Assets
$-387,214

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,900,922
Total Revenue per Audited Statements
$1,900,922
Total Revenue per Form 990
$1,900,922
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,153,205
Salaries, Compensation, and Employee Benefits$134,931
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$398,541--$398,541
All Other Expenses$270,188--$270,188
Other Expenses$238,356--$238,356
Insurance$198,064--$198,064
Depreciation Depletion$90,935--$90,935
Fees for Services Management-$85,364-$85,364
Other Salaries and Wages$81,652--$81,652
Other Employee Benefits$43,158--$43,158
Fees for Services Accounting-$18,050-$18,050
Office Expenses$12,265--$12,265
Fees for Services Other$11,995--$11,995
Payroll Taxes$10,121--$10,121
Fees for Services Legal$8,506--$8,506
Total Functional Expenses$2,184,722$103,414$0$2,288,136

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,288,136
Total Expenses per Audited Statements$2,288,136
Total Expenses per Form 990$2,288,136
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/directoSecurity ServicesNo$252,119
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposit$28,880
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
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 3

“The organization operates a housing project for the elderly and handicapped under 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, Page 6, Part VI, Line 6

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

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

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

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

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

Form 990, Page 6, Part VI, Line 19

“PROVIDE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
178th Street Housing Development
EIN
13-3054220
Phone
3477262547
Address
429 BRUCKNER BLVD 2ND FLOOR, BRONX, NY 10455

Signing Officer

Name
Salvatore Gigante
Title
Vice President
Phone
7186172800
Signed
2025-04-29
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
2

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, Part IX, Line 24E

“Repairs 181,700 0 0 elderly 56,408 0 0 adm. Rent free unit 20,542 0 0 license and permits 11,538 0 0 total 270,188 0 0”

Financial Statement Notes

Schedule D, Page 2, 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”

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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt021033
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0141176
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0465
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0378
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0135
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0301
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0565
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01844
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01900457
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02017506
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01936038
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01935903
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01909395
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt09699299
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0465
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0378
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0135
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0301
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0565
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01844
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct00.99980
IRS990ScheduleA/PublicSupportTotal509Amt09840475
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01900457
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02017506
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02056181
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01956936
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01909395
IRS990ScheduleA/Total509Grp/TotalAmt09840475
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01900922
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02017884
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02056316
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01957237
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01909960
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt09842319
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0241653
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07973653
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08215306
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01095415
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01095415
IRS990ScheduleD/ExpensesSubtotalAmt02288136
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt051886
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt051886
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0272807
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1108519
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt228880
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1MORTGAGE ESCROW DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt028880
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSIT
IRS990ScheduleD/RevenueSubtotalAmt01900922
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/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0293539
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0410206
IRS990ScheduleD/TotalExpensesPerForm990Amt02288136
IRS990ScheduleD/TotalLiabilityAmt028880
IRS990ScheduleD/TotalRevenuePerForm990Amt01900922
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01900922
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02288136
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0251995
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SALVATORE GIGANTE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0251995
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0SENTRY SECURITY COMPANY INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OFFICER/DIRECTO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0252119
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SECURITY SERVICES
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION OPERATES A HOUSING PROJECT FOR THE ELDERLY AND HANDICAPPED UNDER 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/ExplanationTxt5PROVIDE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6REPAIRS 181,700 0 0 ELDERLY 56,408 0 0 ADM. RENT FREE UNIT 20,542 0 0 LICENSE AND PERMITS 11,538 0 0 TOTAL 270,188 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SEBCO DEVELOPMENT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0132944013
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0DEVELOPMEN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0429 BRUCKNER BLVD 2ND FLOOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BRONX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010455
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0true
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0250000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt155610
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0SEBCO DEVELOPMENT INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1SEBCO DEVELOPMENT INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0E
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1P
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01607743
IRS990/TotalAssetsEOYAmt01335768
IRS990/TotalAssetsGrp/BOYAmt01607743
IRS990/TotalAssetsGrp/EOYAmt01335768
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0103414
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02184722
IRS990/TotalFunctionalExpensesGrp/TotalAmt02288136
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08049575
IRS990/TotalLiabilitiesEOYAmt08164814
IRS990/TotalLiabilitiesGrp/BOYAmt08049575
IRS990/TotalLiabilitiesGrp/EOYAmt08164814
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-6441832

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,335,768
Liabilities
$8,164,814
Net assets
-$6,829,046
Revenue
$1,900,922
Expenses
$2,288,136
Net income
-$387,214
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
2024Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

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