Civic Intelligence

Erma Cava Housing Development Fund Company Inc

EIN 13-3073995 • 501(c)3 • Bronx, NY

Profile

Provide housing for the elderly and handicapped under section 202 of the federal housing act of 1959 in the south bronx area of new york city.

429 Bruckner Blvd 2nd FloorBronx, NY 10455

www.sebcodevelopment.org

Siviq Scores

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

Liabilities / Assets

96th percentile

3.05x

Higher debt load relative to assets than 96% of similar nonprofits.

NTEE L • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

3.17x

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

NTEE L • $500k-$1M nonprofits • Source year 2024

Net Margin

34th percentile

-17%

Higher net margin than 34% of similar nonprofits.

NTEE L • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

86th percentile

$250,490

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 35.8% of source-year revenue.

NTEE L • $500k-$1M nonprofits • Source year 2024

Asset Growth

50th percentile

-1.8%

Faster asset growth than 50% of similar nonprofits.

NTEE L • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

31st percentile

-2.0%

Faster revenue growth than 31% of similar nonprofits.

NTEE L • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$726,026

Down $13,674 (-1.8%) from 2023

Liabilities

Up

$2,216,927

Up $103,200 (+4.9%) from 2023

Net Assets

Down

-$1,490,901

Down $116,874 (-8.5%) from 2023

Operations
Liabilities / Revenue69th percentileNet Margin34th percentile

Revenue

Down

$699,734

Down $14,439 (-2.0%) from 2023

Expenses

Up

$816,608

Up $149,646 (+22%) from 2023

Net Income

Down

-$116,874

Down $164,085 (-348%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth50th percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MAssets 2011: $1,738,342Liabilities 2011: $2,410,829Net Assets 2011: -$672,4872011Assets 2012: $1,620,611Liabilities 2012: $2,382,395Net Assets 2012: -$761,7842012Assets 2013: $1,532,272Liabilities 2013: $2,361,337Net Assets 2013: -$829,0652013Assets 2014: $1,465,426Liabilities 2014: $2,329,252Net Assets 2014: -$863,8262014Assets 2015: $1,392,498Liabilities 2015: $2,306,312Net Assets 2015: -$913,8142015Assets 2016: $1,302,389Liabilities 2016: $2,158,134Net Assets 2016: -$855,7452016Assets 2017: $1,309,184Liabilities 2017: $2,101,254Net Assets 2017: -$792,0702017Assets 2018: $1,276,821Liabilities 2018: $2,079,815Net Assets 2018: -$802,9942018Assets 2019: $1,195,385Liabilities 2019: $2,058,972Net Assets 2019: -$863,5872019Assets 2020: $1,155,726Liabilities 2020: $2,376,960Net Assets 2020: -$1,221,2342020Assets 2021: $780,553Liabilities 2021: $2,133,998Net Assets 2021: -$1,353,4452021Assets 2022: $760,692Liabilities 2022: $2,181,930Net Assets 2022: -$1,421,2382022Assets 2023: $739,700Liabilities 2023: $2,113,727Net Assets 2023: -$1,374,0272023Assets 2024: $726,026Liabilities 2024: $2,216,927Net Assets 2024: -$1,490,9012024

Highlighted filing

2024

Assets$726,026
Liabilities$2,216,927
Net Assets-$1,490,901
Open 2024 Filing

Operations Trend

Revenue Growth31st percentile

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

$1.0M$500K$0-$500KExpenses 2011: $02011Expenses 2012: $02012Revenue 2013: -$55,298Expenses 2013: $0Net Income 2013: -$55,2982013Revenue 2014: -$34,761Expenses 2014: $0Net Income 2014: -$34,7612014Revenue 2015: -$49,988Expenses 2015: $0Net Income 2015: -$49,9882015Revenue 2016: $58,069Expenses 2016: $0Net Income 2016: $58,0692016Revenue 2017: $63,675Expenses 2017: $0Net Income 2017: $63,6752017Revenue 2018: -$10,924Expenses 2018: $0Net Income 2018: -$10,9242018Revenue 2019: -$60,593Expenses 2019: $0Net Income 2019: -$60,5932019Revenue 2020: -$357,647Expenses 2020: $0Net Income 2020: -$357,6472020Revenue 2021: $667,444Expenses 2021: $799,655Net Income 2021: -$132,2112021Revenue 2022: $772,460Expenses 2022: $840,253Net Income 2022: -$67,7932022Revenue 2023: $714,173Expenses 2023: $666,962Net Income 2023: $47,2112023Revenue 2024: $699,734Expenses 2024: $816,608Net Income 2024: -$116,8742024

Highlighted filing

2024

Revenue$699,734
Expenses$816,608
Net Income-$116,874
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$726,026
Liabilities
$2,216,927
Net assets
-$1,490,901
Revenue
$699,734
Expenses
$816,608
Net income
-$116,874
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.73$2.22$1.49$0.70$0.82$0.12
2023Detailed filing. Detailed filing data is available for this year.$0.74$2.11$1.37$0.71$0.67$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$2.18$1.42$0.77$0.84$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.78$2.13$1.35$0.67$0.80$0.13
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$2.38$1.22$0.36$0.00$0.36
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$2.06$0.86$0.06$0.00$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.28$2.08$0.80$0.01$0.00$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.31$2.10$0.79$0.06$0.00$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.30$2.16$0.86$0.06$0.00$0.06
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.39$2.31$0.91$0.05$0.00$0.05
2014Summary only. Only limited summary data is available for this year.$1.47$2.33$0.86$0.03$0.00$0.03
2013Detailed filing. Detailed filing data is available for this year.$1.53$2.36$0.83$0.06$0.00$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.62$2.38$0.76$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.74$2.41$0.67$0.00
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 19, 2024
Return Version
2023v5.0
Gross Receipts
$714,173
Mission and Program Overview

Mission

Provide housing for the elderly and handicapped under section 202 of the federal housing act of 1936 in the south bronx area of new york city.

Provide afforadable housing for the elderly and handicapped under section 202 of the federal housing act of 1959.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$206,651$196,390▼ $10,261
Prepaid Expenses and Deferred Charges$71,390$85,852▲ $14,462
Intangible Assets$89,331$84,974▼ $4,357
Cash and Non-Interest-Bearing Accounts$6,851$37,833▲ $30,982
Accounts Receivable$19,254$12,059▼ $7,195
Total Assets$760,692$739,700▼ $20,992
Other Assets Total$367,215$322,592▼ $44,623
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,914,783$1,868,391▼ $46,392
Accounts Payable and Accrued Expenses$155,963$135,887▼ $20,076
Unsecured Notes Loans Payable$77,539$74,175▼ $3,364
Other Liabilities$24,292$24,292→ $0
Escrow Account Liability$8,217$9,089▲ $872
Deferred Revenue$1,136$1,893▲ $757
Total Liabilities$2,181,930$2,113,727▼ $68,203
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,421,238$-1,374,027▲ $47,211
Total Net Assets Fund Balance$-1,421,238$-1,374,027▲ $47,211
Total Liabilities and Net Assets / Fund Balance$760,692$739,700▼ $20,992

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$170,602$2,050,581$2,221,183
Equipment$6,588$243,526$250,114
Land$19,200-$19,200
Other Assets Org$9,009--
Compensation and Service Providers
Top Officer Pay86th 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 VelazquezTreasurer/se
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$713,857
Investment Income
$316
Other Revenue
$0
Change in Net Assets
$47,211

Audited Revenue Reconciliation

Revenue per Audited Statements
$714,173
Total Revenue per Audited Statements
$714,173
Total Revenue per Form 990
$714,173
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$602,904
Salaries, Compensation, and Employee Benefits$64,058
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$122,082--$122,082
Insurance$53,822--$53,822
Other Salaries and Wages$39,432--$39,432
All Other Expenses$24,554--$24,554
Other Employee Benefits$19,402--$19,402
Other Expenses$18,692--$18,692
Fees for Services Management-$15,599-$15,599
Depreciation Depletion$14,618--$14,618
Fees for Services Accounting-$13,600-$13,600
Office Expenses$12,158--$12,158
Payroll Taxes$5,224--$5,224
Fees for Services Legal$2,458--$2,458
Fees for Services Other$2,319--$2,319
Total Functional Expenses$637,763$29,199$0$666,962

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$666,962
Total Expenses per Audited Statements$666,962
Total Expenses per Form 990$666,962
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
Sentry Security Company IncAffiliateSecurity ServicesNo-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Developer Fee$24,292
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. During 2023, a real estate property was changed to the wavecrest management team ltd.”

Form 990, Page 6, Part VI, Line 6

“Organized with one member, sebco development, 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 reviwed and approved by controller and vice president before it is finalized and filed.”

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
Erma Cava Housing Development
EIN
13-3073995
Phone
3477262547
Address
429 BRUCKNER BLVD 2ND FLOOR, BRONX, NY 10455

Signing Officer

Name
Salvatore Gigante
Title
Vice President
Phone
3477262547
Signed
2024-10-19

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

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.”

Raw XML AppendixShowing 400 of 430 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/BOYAmt0155963
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0135887
IRS990/AccountsReceivableGrp/BOYAmt019254
IRS990/AccountsReceivableGrp/EOYAmt012059
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROVIDE AFFORADABLE HOUSING FOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959.
IRS990/AllOtherExpensesGrp/ProgramServicesAmt024554
IRS990/AllOtherExpensesGrp/TotalAmt024554
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE WAVECREST MANAGEMENT TEAM LTD
IRS990/BooksInCareOfDetail/PhoneNum07184631200
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt087-14 116TH STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0RICHMOND HILL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd011418
IRS990/BusinessRlnWith35CtrlEntInd0true
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt06851
IRS990/CashNonInterestBearingGrp/EOYAmt037833
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0316
IRS990/CYOtherExpensesAmt0602904
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0713857
IRS990/CYRevenuesLessExpensesAmt047211
IRS990/CYSalariesCompEmpBnftPaidAmt064058
IRS990/CYTotalExpensesAmt0666962
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0714173
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt01136
IRS990/DeferredRevenueGrp/EOYAmt01893
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt014618
IRS990/DepreciationDepletionGrp/TotalAmt014618
IRS990/Desc0PROVIDE HOUSING FOR THE ELDERY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt08217
IRS990/EscrowAccountLiabilityGrp/EOYAmt09089
IRS990/ExpenseAmt0637763
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt013600
IRS990/FeesForServicesAccountingGrp/TotalAmt013600
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt02458
IRS990/FeesForServicesLegalGrp/TotalAmt02458
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt015599
IRS990/FeesForServicesManagementGrp/TotalAmt015599
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt02319
IRS990/FeesForServicesOtherGrp/TotalAmt02319
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.80
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.80
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt240.00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.05
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.05
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
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IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0ENRICO BOCCIA
IRS990/Form990PartVIISectionAGrp/PersonNm1EVELYN VELAZQUEZ
IRS990/Form990PartVIISectionAGrp/PersonNm2SALVATORE GIGANTE
IRS990/Form990PartVIISectionAGrp/PersonNm3SONAL SHAH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3139248
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER/SE
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3CONTROLLER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01980
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0714173
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt053822
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IRS990/IntangibleAssetsGrp/BOYAmt089331
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0316
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02294107
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0206651
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IRS990/LandBldgEquipCostOrOtherBssAmt02490497
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDE HOUSING FOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959 IN THE SOUTH BRONX AREA OF NEW YORK CITY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01868391
IRS990/NetAssetsOrFundBalancesBOYAmt0-1421238
IRS990/NetAssetsOrFundBalancesEOYAmt0-1374027
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1421238
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1374027
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ProgramServicesAmt012158
IRS990/OfficeExpensesGrp/TotalAmt012158
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0367215
IRS990/OtherAssetsTotalGrp/EOYAmt0322592
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt019402
IRS990/OtherEmployeeBenefitsGrp/TotalAmt019402
IRS990/OtherExpensesGrp/Desc0REPAIR AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3BAD DEBT
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IRS990/OtherExpensesGrp/ProgramServicesAmt1108697
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IRS990/OtherExpensesGrp/ProgramServicesAmt318692
IRS990/OtherExpensesGrp/TotalAmt0121885
IRS990/OtherExpensesGrp/TotalAmt1108697
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IRS990/OtherExpensesGrp/TotalAmt318692
IRS990/OtherLiabilitiesGrp/BOYAmt024292
IRS990/OtherLiabilitiesGrp/EOYAmt024292
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt039432
IRS990/OtherSalariesAndWagesGrp/TotalAmt039432
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IRS990/ReportOtherLiabilitiesInd0true
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0294218
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0525048
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0119293
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0144818
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IRS990ScheduleA/PublicSupportPY170Pct00.80040
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt019200
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt196968
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt221444
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt39089
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt49009
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2MISCELLANEOUS OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TENTANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESIDUAL RECIPTS
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEVELOPER FEE
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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
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IRS990ScheduleD/TotalLiabilityAmt024292
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SALVATORE GIGANTE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0251995
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0SENTRY SECURITY COMPANY INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0AFFILIATE
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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. DURING 2023, A REAL ESTATE PROPERTY WAS CHANGED TO THE WAVECREST MANAGEMENT TEAM LTD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZED WITH ONE MEMBER, SEBCO DEVELOPMENT, 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 REVIWED AND APPROVED BY CONTROLLER AND VICE PRESIDENT BEFORE IT IS FINALIZED AND FILED.
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/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0DEVELOPMEN
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BRONX
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