Civic Intelligence

Erma Cava Housing Development Fund Company Inc.

990 • Fiscal year 2021 • EIN 13-3073995

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 09, 2022

Organization ProfileWWW.SEBCODEVELOPMENT.ORG
885 Bruckner BlvdBronx, NY 10459

(718) 617-2800

Siviq Scores

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

Liabilities / Assets

93rd percentile

2.73x

Higher debt load relative to assets than 93% of similar nonprofits.

2021 filings • NTEE L • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

61st percentile

3.20x

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

2021 filings • NTEE L • $500k-$1M nonprofits • Source year 2021

Net Margin

28th percentile

-20%

Higher net margin than 28% of similar nonprofits.

2021 filings • NTEE L • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

99th percentile

$825,206

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 123.6% of source-year revenue.

2021 filings • NTEE L • $500k-$1M nonprofits • Source year 2021

Asset Growth

2nd percentile

-32%

Faster asset growth than 2% of similar nonprofits.

2021 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

Score unavailable

No value available

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

Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$780,553

Down $375,173 (-32%) from 2020

Net Assets

Down

-$1,353,445

Down $132,211 (-11%) from 2020

Liabilities

Down

$2,133,998

Down $242,962 (-10%) from 2020

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin28th percentile

Revenue

Up

$667,444

Up $1,025,091 (+287%) from 2020

Expenses

Up

$799,655

Up $799,655 from 2020

Net Income

Up

-$132,211

Up $225,436 (+63%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$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

2021

Assets$780,553
Liabilities$2,133,998
Net Assets-$1,353,445
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2021

Revenue$667,444
Expenses$799,655
Net Income-$132,211
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 9, 2022
Return Version
2021v4.0
Gross Receipts
$667,444
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$284,651$227,056▼ $57,595
Prepaid Expenses and Deferred Charges$83,190$121,702▲ $38,512
Intangible Assets$98,045$93,688▼ $4,357
Cash and Non-Interest-Bearing Accounts$31,093$50,020▲ $18,927
Accounts Receivable$64,909$9,780▼ $55,129
Total Assets$1,253,771$780,553▼ $473,218
Other Assets Total$691,883$278,307▼ $413,576
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,999,141$1,958,310▼ $40,831
Accounts Payable and Accrued Expenses$249,017$121,096▼ $127,921
Other Liabilities$27,952$24,292▼ $3,660
Unsecured Notes Loans Payable$190,000$19,987▼ $170,013
Escrow Account Liability$8,518$9,354▲ $836
Deferred Revenue$377$959▲ $582
Total Liabilities$2,475,005$2,133,998▼ $341,007
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,221,234$-1,353,445▼ $132,211
Total Net Assets Fund Balance$-1,221,234$-1,353,445▼ $132,211
Total Liabilities and Net Assets / Fund Balance$1,253,771$780,553▼ $473,218

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$205,222$2,015,961$2,221,183
Equipment$2,634$237,490$240,124
Land$19,200-$19,200
Other Assets Org$9,009--
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleBaseOtherTotal
Salvatore GiganteSecretary/co-$825,206$825,206
Latoya AllenVice Preside-$479,011$479,011
Fr Louis R GiganteDirector-$100,000$100,000
Jason BoroffDirector$1,042$95,192$96,234
Carmen ReyesTreasurer-$600$600
Enrico BoociaChair-$600$600
Victor PapaDirector-$600$600

Board Members and Trustees

NameTitle
Latoya AllenVice President
Migdalia MoralesDirector
Salvatore GiganteSecretary/COO
Revenue and Support

Revenue Composition

Contributions and Grants
$3,660
Program Service Revenue
$663,700
Investment Income
$84
Other Revenue
$0
Change in Net Assets
$-132,211

Audited Revenue Reconciliation

Revenue per Audited Statements
$667,444
Total Revenue per Audited Statements
$667,444
Total Revenue per Form 990
$667,444
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$719,100
Salaries, Compensation, and Employee Benefits$80,555
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$126,914--$126,914
All Other Expenses$81,576--$81,576
Depreciation Depletion$61,952--$61,952
Other Salaries and Wages$53,345--$53,345
Other Expenses$52,987--$52,987
Insurance$43,562--$43,562
Fees for Services Management-$26,301-$26,301
Other Employee Benefits$22,258--$22,258
Fees for Services Accounting-$16,459-$16,459
Office Expenses$14,892--$14,892
Payroll Taxes$4,952--$4,952
Fees for Services Legal$2,675--$2,675
Fees for Services Other$1,058--$1,058
Total Functional Expenses$756,895$42,760$0$799,655

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$799,655
Total Expenses per Audited Statements$799,655
Total Expenses per Form 990$799,655
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 IncOfficer/directoSecurity ServicesNo$52,987
Building Management AssociatesOfficer/directoProperty ManagmentNo$26,301
Tiffany Maintenance Co IncOfficer/directoRepairs & MaintenancNo$21,020
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
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

“Fr louis r gigante salvatore gigante director secretary/co family relationship”

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 buildings are managed by building management associates, inc., a real estate property management company,which is owned by a board member of the reporting organization.”

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 11B

“The controller and chief operaing officer review the financial statements and then the form 990 before filing.”

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
Address
885 BRUCKNER BLVD, BRONX, NY 10459

Signing Officer

Name
Salvatore Gigante
Title
Secretary/COO
Signed
2022-11-09

Organization Details

Principal Officer
Salvatore Gigante
Formed
1980
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
4
Employees
3

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

“Bad debt 51,308 0 0 elderly care 19,987 0 0 mortgage insurance 8,711 0 0 other renting exp 1,570 0 0 total 81,576 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.”

Raw XML AppendixShowing 400 of 481 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/BOYAmt0249017
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0121096
IRS990/AccountsReceivableGrp/BOYAmt064909
IRS990/AccountsReceivableGrp/EOYAmt09780
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROVIDE AFFORADABLE HOUSING FOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959.
IRS990/AllOtherExpensesGrp/ProgramServicesAmt081576
IRS990/AllOtherExpensesGrp/TotalAmt081576
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0BUILDING MANAGEMENT ASSOCIATES INC
IRS990/BooksInCareOfDetail/PhoneNum07186172800
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0885 BRUCKER BOULEV
IRS990/BooksInCareOfDetail/USAddress/CityNm0BRONX
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010459
IRS990/BusinessRlnWith35CtrlEntInd0true
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0true
IRS990/CashNonInterestBearingGrp/BOYAmt031093
IRS990/CashNonInterestBearingGrp/EOYAmt050020
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt03660
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt084
IRS990/CYOtherExpensesAmt0719100
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0663700
IRS990/CYRevenuesLessExpensesAmt0-132211
IRS990/CYSalariesCompEmpBnftPaidAmt080555
IRS990/CYTotalExpensesAmt0799655
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0667444
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0377
IRS990/DeferredRevenueGrp/EOYAmt0959
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt061952
IRS990/DepreciationDepletionGrp/TotalAmt061952
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/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt08518
IRS990/EscrowAccountLiabilityGrp/EOYAmt09354
IRS990/ExpenseAmt0756895
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt016459
IRS990/FeesForServicesAccountingGrp/TotalAmt016459
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt02675
IRS990/FeesForServicesLegalGrp/TotalAmt02675
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt026301
IRS990/FeesForServicesManagementGrp/TotalAmt026301
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt01058
IRS990/FeesForServicesOtherGrp/TotalAmt01058
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.80
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.80
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt250.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.80
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.05
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.05
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.05
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0ENRICO BOOCIA
IRS990/Form990PartVIISectionAGrp/PersonNm1CARMEN REYES
IRS990/Form990PartVIISectionAGrp/PersonNm2SALVATORE GIGANTE
IRS990/Form990PartVIISectionAGrp/PersonNm3FR LOUIS R GIGANTE
IRS990/Form990PartVIISectionAGrp/PersonNm4MIGDALIA MORALES
IRS990/Form990PartVIISectionAGrp/PersonNm5JASON BOROFF
IRS990/Form990PartVIISectionAGrp/PersonNm6VICTOR PAPA
IRS990/Form990PartVIISectionAGrp/PersonNm7LATOYA ALLEN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt51042
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2825206
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3100000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt595192
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt6600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt7479011
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/CO
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE PRESIDE
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01980
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt03660
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0667444
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt043562
IRS990/InsuranceGrp/TotalAmt043562
IRS990/IntangibleAssetsGrp/BOYAmt098045
IRS990/IntangibleAssetsGrp/EOYAmt093688
IRS990/InterestGrp/ProgramServicesAmt0126914
IRS990/InterestGrp/TotalAmt0126914
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt084
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt084
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02253451
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0284651
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0227056
IRS990/LandBldgEquipCostOrOtherBssAmt02480507
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
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01999141
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01958310
IRS990/NetAssetsOrFundBalancesBOYAmt0-1221234
IRS990/NetAssetsOrFundBalancesEOYAmt0-1353445
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1221234
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1353445
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ProgramServicesAmt014892
IRS990/OfficeExpensesGrp/TotalAmt014892
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0691883
IRS990/OtherAssetsTotalGrp/EOYAmt0278307
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt022258
IRS990/OtherEmployeeBenefitsGrp/TotalAmt022258
IRS990/OtherExpensesGrp/Desc0REPAIR AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3SECURITY
IRS990/OtherExpensesGrp/ProgramServicesAmt0112598
IRS990/OtherExpensesGrp/ProgramServicesAmt1102944
IRS990/OtherExpensesGrp/ProgramServicesAmt275182
IRS990/OtherExpensesGrp/ProgramServicesAmt352987
IRS990/OtherExpensesGrp/TotalAmt0112598
IRS990/OtherExpensesGrp/TotalAmt1102944
IRS990/OtherExpensesGrp/TotalAmt275182
IRS990/OtherExpensesGrp/TotalAmt352987
IRS990/OtherLiabilitiesGrp/BOYAmt027952
IRS990/OtherLiabilitiesGrp/EOYAmt024292
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt053345
IRS990/OtherSalariesAndWagesGrp/TotalAmt053345
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt04952
IRS990/PayrollTaxesGrp/TotalAmt04952
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt083190
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0121702
IRS990/PrincipalOfficerNm0SALVATORE GIGANTE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1SECT 8 SER COOR
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0643713
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt119987
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0643713
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt119987
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0231
IRS990/PYOtherRevenueAmt0-357878
IRS990/PYRevenuesLessExpensesAmt0-357647
IRS990/PYTotalRevenueAmt0-357647
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-132211
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0548151
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0294218
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0525048
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0544269
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0563241
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02474927
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0119293
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0144818
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0110546
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0114189
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0105302
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0594148
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0663784
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.80640
IRS990ScheduleA/PublicSupportPY170Pct00.81340
IRS990ScheduleA/PublicSupportTotal170Amt02474927
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0548151
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0294218
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0525048
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0544269
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0563241
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02474927
IRS990ScheduleA/TotalSupportAmt03069075
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0205222
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02015961
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02221183
IRS990ScheduleD/EquipmentGrp/BookValueAmt02634
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0237490
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0240124
IRS990ScheduleD/ExpensesSubtotalAmt0799655
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt019200
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt019200
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0164314
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt174471
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt221159
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt39354
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt49009
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0MORTGAGE ESCROW DEP
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2MISCELLANEOUS OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TENTANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESIDUAL RECIPTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024292
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEVELOPER FEE
IRS990ScheduleD/RevenueSubtotalAmt0667444
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/TotalBookValueLandBuildingsAmt0227056
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0278307
IRS990ScheduleD/TotalExpensesPerForm990Amt0799655
IRS990ScheduleD/TotalLiabilityAmt024292
IRS990ScheduleD/TotalRevenuePerForm990Amt0667444
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0667444
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0799655
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0825206
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1479011
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SALVATORE GIGANTE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1LATOYA ALLEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY/COO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0825206
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1479011
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0BUILDING MANAGEMENT ASSOCIATES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1SENTRY SECURITY COMPANY INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2TIFFANY MAINTENANCE CO INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OFFICER/DIRECTO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1OFFICER/DIRECTO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2OFFICER/DIRECTO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt026301
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt152987
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt221020
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PROPERTY MANAGMENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1SECURITY SERVICES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2REPAIRS & MAINTENANC
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FR LOUIS R GIGANTE SALVATORE GIGANTE DIRECTOR SECRETARY/CO FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION OPERATES A HOUSING PROJECT FOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959. THE BUILDINGS ARE MANAGED BY BUILDING MANAGEMENT ASSOCIATES, INC., A REAL ESTATE PROPERTY MANAGEMENT COMPANY,WHICH IS OWNED BY A BOARD MEMBER OF THE REPORTING ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZED WITH ONE MEMBER, SEBCO DEVELOPMENT CO., INC., A NOT FOR PROFIT IRC SECTION 501(C)(3) COMMUNITY BASED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONTROLLER AND CHIEF OPERAING OFFICER REVIEW THE FINANCIAL STATEMENTS AND THEN THE FORM 990 BEFORE FILING.
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/ExplanationTxt6BAD DEBT 51,308 0 0 ELDERLY CARE 19,987 0 0 MORTGAGE INSURANCE 8,711 0 0 OTHER RENTING EXP 1,570 0 0 TOTAL 81,576 0 0
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 6
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/AddressLine1Txt0885 BRUCKNER BLVD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BRONX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010459
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$780,553
Liabilities
$2,133,998
Net assets
-$1,353,445
Revenue
$667,444
Expenses
$799,655
Net income
-$132,211
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
2021Detailed filing. Detailed filing data is available for this year.$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