Civic Intelligence

E C Housing Development Fund Company Inc.

990 • Fiscal year 2016 • EIN 13-3121459

Jan 01, 2016 to Dec 31, 2016 • Filed on May 30, 2017

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

(718) 617-2800

Siviq Scores

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

Liabilities / Assets

98th percentile

2.07x

Higher debt load relative to assets than 98% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2016

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

10th percentile

-12%

Faster asset growth than 10% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

Score unavailable

No value available

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

Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$3,486,910

Down $483,413 (-12%) from 2015

Net Assets

Down

-$3,734,564

Down $177,401 (-5.0%) from 2015

Liabilities

Down

$7,221,474

Down $306,012 (-4.1%) from 2015

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$177,401

Down $78,960 (-80%) from 2015

Expenses

Flat

$0

Flat from 2015

Net Income

Down

-$177,401

Down $78,960 (-80%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$10M$5.0M$0-$5.0M-$10MAssets 2011: $4,725,202Liabilities 2011: $7,928,274Net Assets 2011: -$3,203,0722011Assets 2012: $4,531,882Liabilities 2012: $7,834,673Net Assets 2012: -$3,302,7912012Assets 2013: $4,336,068Liabilities 2013: $7,716,169Net Assets 2013: -$3,380,1012013Assets 2014: $4,178,575Liabilities 2014: $7,637,297Net Assets 2014: -$3,458,7222014Assets 2015: $3,970,323Liabilities 2015: $7,527,486Net Assets 2015: -$3,557,1632015Assets 2016: $3,486,910Liabilities 2016: $7,221,474Net Assets 2016: -$3,734,5642016Assets 2017: $3,280,197Liabilities 2017: $7,095,773Net Assets 2017: -$3,815,5762017Assets 2018: $3,008,769Liabilities 2018: $6,929,802Net Assets 2018: -$3,921,0332018Assets 2019: $2,954,217Liabilities 2019: $6,954,649Net Assets 2019: -$4,000,4322019Assets 2020: $2,887,961Liabilities 2020: $7,055,347Net Assets 2020: -$4,167,3862020Assets 2021: $2,924,814Liabilities 2021: $7,258,814Net Assets 2021: -$4,334,0002021Assets 2022: $2,898,514Liabilities 2022: $7,605,390Net Assets 2022: -$4,706,8762022Assets 2023: $2,780,041Liabilities 2023: $7,535,734Net Assets 2023: -$4,755,6932023Assets 2024: $2,311,196Liabilities 2024: $7,839,891Net Assets 2024: -$5,528,6952024

Highlighted filing

2016

Assets$3,486,910
Liabilities$7,221,474
Net Assets-$3,734,564
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: -$195,287Expenses 2011: $0Net Income 2011: -$195,2872011Expenses 2012: $02012Revenue 2013: -$77,310Expenses 2013: $0Net Income 2013: -$77,3102013Revenue 2014: -$78,621Expenses 2014: $0Net Income 2014: -$78,6212014Revenue 2015: -$98,441Expenses 2015: $0Net Income 2015: -$98,4412015Revenue 2016: -$177,401Expenses 2016: $0Net Income 2016: -$177,4012016Revenue 2017: -$81,012Expenses 2017: $0Net Income 2017: -$81,0122017Revenue 2018: -$105,457Expenses 2018: $0Net Income 2018: -$105,4572018Revenue 2019: -$79,401Expenses 2019: $0Net Income 2019: -$79,4012019Revenue 2020: -$166,954Expenses 2020: $0Net Income 2020: -$166,9542020Revenue 2021: $2,036,769Expenses 2021: $2,203,383Net Income 2021: -$166,6142021Revenue 2022: $2,308,362Expenses 2022: $2,681,238Net Income 2022: -$372,8762022Revenue 2023: $2,182,834Expenses 2023: $2,231,651Net Income 2023: -$48,8172023Revenue 2024: $2,089,746Expenses 2024: $2,862,748Net Income 2024: -$773,0022024

Highlighted filing

2016

Revenue-$177,401
Expenses$0
Net Income-$177,401
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 30, 2017
Return Version
2016v3.0
Gross Receipts
$1,980,637
Mission and Program Overview

Mission

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

Operate an apartment house for the elderly and infirmed under section 202 of the federal housing act of 1936.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,203,475$2,013,199▼ $190,276
Prepaid Expenses and Deferred Charges$160,347$180,013▲ $19,666
Cash and Non-Interest-Bearing Accounts$262,311$69,949▼ $192,362
Accounts Receivable$44,469$47,807▲ $3,338
Total Assets$3,696,362$3,486,910▼ $209,452
Other Assets Total$1,025,760$1,175,942▲ $150,182
Liabilities
Other Liabilities$7,084,847$6,992,941▼ $91,906
Accounts Payable and Accrued Expenses$164,080$223,753▲ $59,673
Deferred Revenue$4,598$4,780▲ $182
Total Liabilities$7,253,525$7,221,474▼ $32,051
Net Assets / Fund Balance
Unrestricted Net Assets$-3,557,163$-3,734,564▼ $177,401
Total Net Assets Fund Balance$-3,557,163$-3,734,564▼ $177,401
Total Liabilities and Net Assets / Fund Balance$3,696,362$3,486,910▼ $209,452

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,975,999$6,665,070$8,641,069
Land$37,200-$37,200
Other Assets Org$14,495--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Fr Louis R GiganteChairman
Alejandro RosadoDirector
Enrico BocciaDirector
Irwin SiegelDirector
Sr Trude ThomasDirector
Salvatore GigannteExecutive Vi
Carmen ReyesSect/directo
Revenue and Support

Revenue Composition

Contributions and Grants
$61,429
Program Service Revenue
$0
Investment Income
$776
Other Revenue
$-239,606
Change in Net Assets
$-177,401

Audited Revenue Reconciliation

Revenue per Audited Statements
$-177,401
Total Revenue per Audited Statements
$-177,401
Total Revenue per Form 990
$-177,401
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-VendorRepairsNo$182,979
-VendorGuard ServicesNo$168,909
-VendorProperty Mng. FeesNo$86,040
-VendorProperty ManagerNo$86,040
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Mortgage Payable$6,787,181
DEVELOPER'S FEE PAYABLE$102,503
Miscellaneous Payables$68,579
TENANTS' SECURITY PAYABLE (CONTRA)$34,678
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 family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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

“Building management associates, inc owner chair of organiza and manageme tiffany maintenance co., inc. Owner owner of maintenance company sentry security co., inc. Chairman chair of organiz and security building management associates, inc president vice prsident of org and mange”

Form 990, Page 6, Part VI, Line 3

“The organization owns a residential building providing housing to the elderly and infirmed. The property is managed by building management associates,inc. An officer of the organization is the majority owner of the management company. The management fees paid are prescribed by united states department of housing and urban development.”

Form 990, Page 6, Part VI, Line 6

“Owned by sebco develoment,inc., a not for profit community based organiazatoin that sponsored the project.”

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

“The controller and the executive vice president review both the certified financial statements and the form 990 before filing.”

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

“The organization has adopted the conflicts of interest policy prescribed by the new york state not for profit law.”

Form 990, Page 6, Part VI, Line 15A

“No director or officer receives any remuneration from the organization.”

Form 990, Page 6, Part VI, Line 19

“Upon written request copies are furnished.”

Filing and Contact Details

Filer

Filer Name
Ec Housing Development Fund
EIN
13-3121459
Phone
7186172800
Address
885 BRUCKNER BOULEVARD, BRONX, NY 10459

Signing Officer

Name
Salvatore Gigannte
Title
Executive Vice Presi
Phone
7186172800
Signed
2017-05-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fr Louis R Gigante
Formed
1982
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
4
Employees
9

Preparer

Firm
Irwin Siegel Esq
Address
900 THIRD AVENUE 17TH FLOOR, NEW YORK, NY 10022-4792
Preparer
Irwin Siegel Esq
Phone
2124475599
Raw XML Appendix361 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/BOYAmt0164080
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0223753
IRS990/AccountsReceivableGrp/BOYAmt044469
IRS990/AccountsReceivableGrp/EOYAmt047807
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0OPERATE AN APARTMENT HOUSE FOR THE ELDERLY AND INFIRMED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1936.
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0CONTROLLER
IRS990/BooksInCareOfDetail/PhoneNum07186172800
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0885 BRUCKNER BOUL
IRS990/BooksInCareOfDetail/USAddress/CityNm0BRONX
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010459
IRS990/BusinessRlnWithFamMemInd0true
IRS990/BusinessRlnWithOfficerEntInd0true
IRS990/BusinessRlnWithOrgMemInd0true
IRS990/CashNonInterestBearingGrp/BOYAmt0262311
IRS990/CashNonInterestBearingGrp/EOYAmt069949
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt061429
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0776
IRS990/CYOtherExpensesAmt00
IRS990/CYOtherRevenueAmt0-239606
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-177401
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt00
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0-177401
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt04598
IRS990/DeferredRevenueGrp/EOYAmt04780
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/Desc0FOR MORE THAN TWENTY YEARS, THE ORGANIZATION HAS OWNED AND OPERATED AN APARTMENT HOUSE FOR THE ELEDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1936.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt09
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt02158038
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
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/PersonNm0FR LOUIS R GIGANTE
IRS990/Form990PartVIISectionAGrp/PersonNm1SR TRUDE THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm2ENRICO BOCCIA
IRS990/Form990PartVIISectionAGrp/PersonNm3ALEJANDRO ROSADO
IRS990/Form990PartVIISectionAGrp/PersonNm4IRWIN SIEGEL
IRS990/Form990PartVIISectionAGrp/PersonNm5CARMEN REYES
IRS990/Form990PartVIISectionAGrp/PersonNm6SALVATORE GIGANNTE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECT/DIRECTO
IRS990/Form990PartVIISectionAGrp/TitleTxt6EXECUTIVE VI
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01982
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt061429
IRS990/GrantAmt061429
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01980637
IRS990/GrossRentsGrp/RealAmt01918432
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0776
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0776
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt015
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06665070
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02203475
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02013199
IRS990/LandBldgEquipCostOrOtherBssAmt08678269
IRS990/LegalDomicileStateCd0NY
IRS990/LessRentalExpensesGrp/RealAmt02158038
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO OWN AND OPERATE AN AFFORDABLE HOUSING APARTMENT BUILDING FOR THE ELDERLY AND HANDICAPPED.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0-3557163
IRS990/NetAssetsOrFundBalancesEOYAmt0-3734564
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-239606
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-239606
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01025760
IRS990/OtherAssetsTotalGrp/EOYAmt01175942
IRS990/OtherLiabilitiesGrp/BOYAmt07084847
IRS990/OtherLiabilitiesGrp/EOYAmt06992941
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0160347
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0180013
IRS990/PrincipalOfficerNm0FR LOUIS R GIGANTE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt062903
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01556
IRS990/PYOtherRevenueAmt0-162900
IRS990/PYRevenuesLessExpensesAmt0-98441
IRS990/PYTotalRevenueAmt0-98441
IRS990/ReconcilationRevenueExpnssAmt0-177401
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0-239606
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01980637
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt061429
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt062903
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt061206
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt059517
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt066463
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0311518
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0778
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01556
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0202
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0471
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0492
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03499
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01919208
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98890
IRS990ScheduleA/PublicSupportPY170Pct00.81210
IRS990ScheduleA/PublicSupportTotal170Amt0311518
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt061429
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt062903
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt061206
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt059517
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt066463
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0311518
IRS990ScheduleA/TotalSupportAmt0315017
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/LandGrp/BookValueAmt037200
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt037200
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0608132
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1437101
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt261527
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt334678
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt420009
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt514495
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4PAINTNG RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5SECURITY DEPOSIT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01975999
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06665070
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08641069
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06787181
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1102503
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt268579
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt334678
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MORTGAGE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEVELOPER'S FEE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2MISCELLANEOUS PAYABLES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3TENANTS' SECURITY PAYABLE (CONTRA)
IRS990ScheduleD/RevenueSubtotalAmt0-177401
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02013199
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01175942
IRS990ScheduleD/TotalLiabilityAmt06992941
IRS990ScheduleD/TotalRevenuePerForm990Amt0-177401
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-177401
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0BUILDING MANAGEMENT ASSOCIATES INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1TIFFANY MAINTENANCE CO INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt2SENTRY SECURITY CO INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt3BUILDING MANAGEMENT ASSOCITES INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0VENDOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1VENDOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2VENDOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3VENDOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd3false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt086040
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1182979
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt2168909
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt386040
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PROPERTY MNG. FEES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1REPAIRS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2GUARD SERVICES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3PROPERTY MANAGER
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BUILDING MANAGEMENT ASSOCIATES, INC OWNER CHAIR OF ORGANIZA AND MANAGEME TIFFANY MAINTENANCE CO., INC. OWNER OWNER OF MAINTENANCE COMPANY SENTRY SECURITY CO., INC. CHAIRMAN CHAIR OF ORGANIZ AND SECURITY BUILDING MANAGEMENT ASSOCIATES, INC PRESIDENT VICE PRSIDENT OF ORG AND MANGE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION OWNS A RESIDENTIAL BUILDING PROVIDING HOUSING TO THE ELDERLY AND INFIRMED. THE PROPERTY IS MANAGED BY BUILDING MANAGEMENT ASSOCIATES,INC. AN OFFICER OF THE ORGANIZATION IS THE MAJORITY OWNER OF THE MANAGEMENT COMPANY. THE MANAGEMENT FEES PAID ARE PRESCRIBED BY UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OWNED BY SEBCO DEVELOMENT,INC., A NOT FOR PROFIT COMMUNITY BASED ORGANIAZATOIN THAT SPONSORED THE PROJECT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONTROLLER AND THE EXECUTIVE VICE PRESIDENT REVIEW BOTH THE CERTIFIED FINANCIAL STATEMENTS AND THE FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS ADOPTED THE CONFLICTS OF INTEREST POLICY PRESCRIBED BY THE NEW YORK STATE NOT FOR PROFIT LAW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO DIRECTOR OR OFFICER RECEIVES ANY REMUNERATION FROM THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UPON WRITTEN REQUEST COPIES ARE FURNISHED.
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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03696362
IRS990/TotalAssetsEOYAmt03486910
IRS990/TotalAssetsGrp/BOYAmt03696362
IRS990/TotalAssetsGrp/EOYAmt03486910
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt061429
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt00
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07253525
IRS990/TotalLiabilitiesEOYAmt07221474
IRS990/TotalLiabilitiesGrp/BOYAmt07253525
IRS990/TotalLiabilitiesGrp/EOYAmt07221474
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-3557163
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-3734564
IRS990/TotalProgramServiceExpensesAmt02158038
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-238830
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-177401
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03696362
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03486910
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-3557163
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-3734564
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0505 LAGUARDIA PLACE
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010012
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.SEBCODEVELOPMENT.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SALVATORE GIGANNTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE VICE PRESI
ReturnHeader/BusinessOfficerGrp/PhoneNum07186172800
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EC HOUSING DEVELOPMENT FUND
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0COMPANY INC
ReturnHeader/Filer/BusinessNameControlTxt0ECHO
ReturnHeader/Filer/EIN0133121459
ReturnHeader/Filer/PhoneNum07186172800
ReturnHeader/Filer/USAddress/AddressLine1Txt0885 BRUCKNER BOULEVARD
ReturnHeader/Filer/USAddress/CityNm0BRONX
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010459
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId07C77AE909419911C4C2720A85BD20266441CFDB8
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07C77AE909419911C4C2720A85BD20266441CFDB8
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0132992528
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0IRWIN SIEGEL ESQ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0900 THIRD AVENUE 17TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0100224792
ReturnHeader/PreparerPersonGrp/PhoneNum02124475599
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0IRWIN SIEGEL ESQ
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-05-30T11:35:51-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,486,910
Liabilities
$7,221,474
Net assets
-$3,734,564
Revenue
-$177,401
Expenses
$0
Net income
-$177,401
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$7.84$5.53$2.09$2.86$0.77
2023Detailed filing. Detailed filing data is available for this year.$2.78$7.54$4.76$2.18$2.23$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.90$7.61$4.71$2.31$2.68$0.37
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$2.92$7.26$4.33$2.04$2.20$0.17
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.89$7.06$4.17$0.17$0.00$0.17
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.95$6.95$4.00$0.08$0.00$0.08
2018Detailed filing. Detailed filing data is available for this year.$3.01$6.93$3.92$0.11$0.00$0.11
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.28$7.10$3.82$0.08$0.00$0.08
2016Detailed filing. Detailed filing data is available for this year.$3.49$7.22$3.73$0.18$0.00$0.18
2015Detailed filing. Detailed filing data is available for this year.$3.97$7.53$3.56$0.10$0.00$0.10
2014Summary only. Only limited summary data is available for this year.$4.18$7.64$3.46$0.08$0.00$0.08
2013Detailed filing. Detailed filing data is available for this year.$4.34$7.72$3.38$0.08$0.00$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.53$7.83$3.30$0.00
2011Summary only. Only limited summary data is available for this year.$4.73$7.93$3.20$0.20$0.00$0.20