Liabilities / Assets
96th percentile
Higher debt load relative to assets than 96% of similar nonprofits.
990 • Fiscal year 2024 • EIN 13-3073995
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
96th percentile
Higher debt load relative to assets than 96% of similar nonprofits.
Liabilities / Revenue
69th percentile
Higher debt load relative to revenue than 69% of similar nonprofits.
Net Margin
34th percentile
Higher net margin than 34% of similar nonprofits.
Top Officer Pay
85th percentile
Higher top officer pay than 85% of similar nonprofits.
Top officer pay equals 35.8% of source-year revenue.
Asset Growth
52nd percentile
Faster asset growth than 52% of similar nonprofits.
Revenue Growth
31st percentile
Faster revenue growth than 31% of similar nonprofits.
Assets
Down$726,026
Down $13,674 (-1.8%) from 2023
Net Assets
Down-$1,490,901
Down $116,874 (-8.5%) from 2023
Liabilities
Up$2,216,927
Up $103,200 (+4.9%) from 2023
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
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $196,390 | $186,555 | ▼ $9,835 |
| Prepaid Expenses and Deferred Charges | $85,852 | $97,265 | ▲ $11,413 |
| Intangible Assets | $84,974 | $80,617 | ▼ $4,357 |
| Accounts Receivable | $12,059 | $63,385 | ▲ $51,326 |
| Cash and Non-Interest-Bearing Accounts | $37,833 | $0 | ▼ $37,833 |
| Total Assets | $739,700 | $726,026 | ▼ $13,674 |
| Other Assets Total | $322,592 | $298,204 | ▼ $24,388 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $1,868,391 | $1,818,941 | ▼ $49,450 |
| Accounts Payable and Accrued Expenses | $135,887 | $283,220 | ▲ $147,333 |
| Unsecured Notes Loans Payable | $74,175 | $73,065 | ▼ $1,110 |
| Other Liabilities | $24,292 | $24,292 | → $0 |
| Deferred Revenue | $1,893 | $8,781 | ▲ $6,888 |
| Escrow Account Liability | $9,089 | $8,628 | ▼ $461 |
| Total Liabilities | $2,113,727 | $2,216,927 | ▲ $103,200 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $-1,374,027 | $-1,490,901 | ▼ $116,874 |
| Total Net Assets Fund Balance | $-1,374,027 | $-1,490,901 | ▼ $116,874 |
| Total Liabilities and Net Assets / Fund Balance | $739,700 | $726,026 | ▼ $13,674 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $163,359 | $2,057,824 | $2,221,183 |
| Equipment | $3,996 | $246,118 | $250,114 |
| Land | $19,200 | - | $19,200 |
| Other Assets Org | $21,444 | - | - |
| Name | Title | Other | Total |
|---|---|---|---|
| Sonal Shah | Controller | $144,679 | $144,679 |
| Angela Davis Farrish | Executive Director | $34,615 | $34,615 |
| Name | Title |
|---|---|
| Enrico Boccia | Chair |
| Salvatore Gigante | Vice President |
| Evelyn Velazquez | Treasurer/secretary |
| Line Item | Amount |
|---|---|
| Other Expenses | $747,722 |
| Salaries, Compensation, and Employee Benefits | $68,886 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Interest | $119,816 | - | - | $119,816 |
| Other Expenses | $74,733 | - | - | $74,733 |
| Insurance | $60,413 | - | - | $60,413 |
| Other Salaries and Wages | $41,725 | - | - | $41,725 |
| Fees for Services Management | - | $29,080 | - | $29,080 |
| Other Employee Benefits | $22,850 | - | - | $22,850 |
| All Other Expenses | $22,485 | - | - | $22,485 |
| Fees for Services Accounting | - | $18,741 | - | $18,741 |
| Depreciation Depletion | $14,192 | - | - | $14,192 |
| Office Expenses | $11,907 | - | - | $11,907 |
| Payroll Taxes | $4,311 | - | - | $4,311 |
| Fees for Services Other | $4,183 | - | - | $4,183 |
| Fees for Services Legal | $3,450 | - | - | $3,450 |
| Total Functional Expenses | $768,787 | $47,821 | $0 | $816,608 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $816,608 |
| Total Expenses per Audited Statements | $816,608 |
| Total Expenses per Form 990 | $816,608 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Developer Fee | $24,292 |
“The organization operates a housing project for the elderly and handicappedunder section 202 of the federal housing act of 1959. During 2023, a realestate property was changed to the wavecrest management team ltd.”
“Organized with one member, sebco development, inc., a not for profit irc section 501(c)(3) community based organization.”
“Sebco development, inc., the sole member of the organization, has the right to appoint the members to the board of directors”
“The organization's 990 is reviwed and approved by controller and vice president before it is finalized and filed.”
“The conflicts of interest policy is enforced pursuant to the new yorkstate not-for-profit corporation laws.”
“Documents, which are public records, are available from the ny secretary of state and provide upon request.”
“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.”
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/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 135887 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 283220 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 12059 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 63385 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | PROVIDE AFFORADABLE HOUSING FOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959. |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 22485 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 22485 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | THE WAVECREST MANAGEMENT TEAM LTD |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 7184631200 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 87-14 116TH STREET |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | RICHMOND HILL |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 11418 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 37833 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 0 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 1 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 193 |
| IRS990/CYOtherExpensesAmt | 0 | 747722 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 699541 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -116874 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 68886 |
| IRS990/CYTotalExpensesAmt | 0 | 816608 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 699734 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 1893 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 8781 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 1 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 14192 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 14192 |
| IRS990/Desc | 0 | PROVIDE HOUSING FOR THE ELDERY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 2 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/EscrowAccountLiabilityGrp/BOYAmt | 0 | 9089 |
| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 8628 |
| IRS990/ExpenseAmt | 0 | 768787 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditPerformedInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 1 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 18741 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 18741 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 3450 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 3450 |
| IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt | 0 | 29080 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 29080 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 4183 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 4183 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 35.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 35.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | ENRICO BOCCIA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | EVELYN VELAZQUEZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | SALVATORE GIGANTE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | ANGELA DAVIS FARRISH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | SONAL SHAH |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 250490 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 34615 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 144679 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | TREASURER/SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | VICE PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | EXECUTIVE DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | CONTROLLER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1980 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 3 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 699734 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 2 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 60413 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 60413 |
| IRS990/IntangibleAssetsGrp/BOYAmt | 0 | 84974 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 80617 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 119816 |
| IRS990/InterestGrp/TotalAmt | 0 | 119816 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 193 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 193 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 1 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 2303942 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 196390 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 186555 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 2490497 |
| IRS990/LegalDomicileStateCd | 0 | NY |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 1 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 1868391 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 1818941 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | -1374027 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | -1490901 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | -1374027 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | -1490901 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 11907 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 11907 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 322592 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 298204 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 22850 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 22850 |
| IRS990/OtherExpensesGrp/Desc | 0 | REPAIRS |
| IRS990/OtherExpensesGrp/Desc | 1 | REAL ESTATE TAXES |
| IRS990/OtherExpensesGrp/Desc | 2 | UTILITIES |
| IRS990/OtherExpensesGrp/Desc | 3 | BAD DEBT |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 165976 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 122262 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 100484 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 74733 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 165976 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 122262 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 100484 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 74733 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 24292 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 24292 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 41725 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 41725 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 4311 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 4311 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 85852 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 97265 |
| IRS990/PrincipalOfficerNm | 0 | SALVATORE GIGANTE |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 531110 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 624120 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | RENTAL INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | SECT 8 SER COOR |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 685710 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 13831 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 685710 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 13831 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 316 |
| IRS990/PYOtherExpensesAmt | 0 | 602904 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 713857 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 47211 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 64058 |
| IRS990/PYTotalExpensesAmt | 0 | 666962 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 714173 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -116874 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 527647 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 612600 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 627840 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 548151 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 294218 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 2610456 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 172087 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 101573 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 144620 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 119293 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 144818 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 682391 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.79280 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.80770 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 2610456 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 527647 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 612600 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 627840 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 548151 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 294218 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 2610456 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 3292847 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/AgentTrusteeEtcInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 163359 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 2057824 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 2221183 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 3996 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 246118 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 250114 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 816608 |
| IRS990ScheduleD/ExplanationProvidedInd | 0 | X |
| IRS990ScheduleD/InclEscrowCustodialAcctLiabInd | 0 | 1 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 19200 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 19200 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 8628 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 175107 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 2 | 83997 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 3 | 9028 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 4 | 21444 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | TENTANT SECURITY DEPOSIT |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | MORTGAGE ESCROW DEP |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 2 | RESERVE FOR REPLACEMENT |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 3 | RESIDUAL RECIPTS |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 4 | MISCELLANEOUS OTHER ASSETS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 24292 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DEVELOPER FEE |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 699734 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART IV, LINE 2B: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 186555 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 298204 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 816608 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 24292 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 699734 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 699734 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 816608 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | 0 |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | 0 |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | 0 |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 1 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 0 | 250490 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | SALVATORE GIGANTE |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | VICE PRESIDENT |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 250490 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | 0 |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION OPERATES A HOUSING PROJECT FOR THE ELDERLY AND HANDICAPPEDUNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959. DURING 2023, A REALESTATE PROPERTY WAS CHANGED TO THE WAVECREST MANAGEMENT TEAM LTD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ORGANIZED WITH ONE MEMBER, SEBCO DEVELOPMENT, INC., A NOT FOR PROFIT IRC SECTION 501(C)(3) COMMUNITY BASED ORGANIZATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | SEBCO DEVELOPMENT, INC., THE SOLE MEMBER OF THE ORGANIZATION, HAS THE RIGHT TO APPOINT THE MEMBERS TO THE BOARD OF DIRECTORS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE ORGANIZATION'S 990 IS REVIWED AND APPROVED BY CONTROLLER AND VICE PRESIDENT BEFORE IT IS FINALIZED AND FILED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE CONFLICTS OF INTEREST POLICY IS ENFORCED PURSUANT TO THE NEW YORKSTATE NOT-FOR-PROFIT CORPORATION LAWS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | DOCUMENTS, WHICH ARE PUBLIC RECORDS, ARE AVAILABLE FROM THE NY SECRETARY OF STATE AND PROVIDE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleR/AssetExchangeInd | 0 | 0 |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | SEBCO DEVELOPMENT INC |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 0 | 132944013 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 0 | NY |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | DEVELOPMEN |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt | 0 | LINE 7 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt | 0 | 885 BRUCKNER BLVD |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm | 0 | BRONX |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd | 0 | 10459 |
| IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd | 0 | 1 |
| IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/PaidEmployeesSharingInd | 0 | 0 |
| IRS990ScheduleR/PerformOfServicesByOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/PerformOfServicesForOthOrgInd | 0 | 0 |
| IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidByOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/RentalOfFcltsFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/SharingOfFacilitiesInd | 0 | 0 |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt | 0 | 73065 |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt | 0 | SEBCO DEVELOPMENT INC |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt | 0 | E |
| IRS990ScheduleR/TransferFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/TransferToOtherOrgInd | 0 | 0 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | NY |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 739700 |
| IRS990/TotalAssetsEOYAmt | 0 | 726026 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 739700 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 726026 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 1 |
| IRS990/TotalEmployeeCnt | 0 | 2 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 47821 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 768787 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 816608 |
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Displayed year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.