Civic Intelligence

Ec Housing Development Fund Company Inc

EIN 13-3121459 • 501(c)3 • Bronx, NY

Profile

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

429 Bruckner Blvd 2nd FloorBronx, NY 10455

www.sebcodevelopment.org

Siviq Scores

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

Liabilities / Assets

99th percentile

3.39x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

3.75x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

9th percentile

-37%

Higher net margin than 9% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

10th percentile

-17%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

28th percentile

-4.3%

Faster revenue growth than 28% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,311,196

Down $468,845 (-17%) from 2023

Liabilities

Up

$7,839,891

Up $304,157 (+4.0%) from 2023

Net Assets

Down

-$5,528,695

Down $773,002 (-16%) from 2023

Revenue

Down

$2,089,746

Down $93,088 (-4.3%) from 2023

Expenses

Up

$2,862,748

Up $631,097 (+28%) from 2023

Net Income

Down

-$773,002

Down $724,185 (-1483%) from 2023

Trend Graphs

Balance Sheet Trend

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

$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

2024

Assets$2,311,196
Liabilities$7,839,891
Net Assets-$5,528,695

Operations Trend

Revenue, expenses, and net income by year, with the latest 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

2024

Revenue$2,089,746
Expenses$2,862,748
Net Income-$773,002

Filings

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
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 7, 2025
Return Version
2024v5.2
Gross Receipts
$2,089,746
Mission and Program Overview

Mission

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

Provide affordable housing gor the elderly and handicapped under section 202 of the federal housing act of 1959

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,769,777$1,488,212▼ $281,565
Prepaid Expenses and Deferred Charges$196,309$234,629▲ $38,320
Intangible Assets$194,209$184,240▼ $9,969
Cash and Non-Interest-Bearing Accounts$71,048$96,551▲ $25,503
Accounts Receivable$239,605$6,345▼ $233,260
Total Assets$2,780,041$2,311,196▼ $468,845
Other Assets Total$309,093$301,219▼ $7,874
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,112,671$5,942,915▼ $169,756
Accounts Payable and Accrued Expenses$988,130$1,449,973▲ $461,843
Other Liabilities$358,945$356,604▼ $2,341
Deferred Revenue$40,084$56,891▲ $16,807
Escrow Account Liability$35,904$33,508▼ $2,396
Total Liabilities$7,535,734$7,839,891▲ $304,157
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-4,755,693$-5,528,695▼ $773,002
Total Net Assets Fund Balance$-4,755,693$-5,528,695▼ $773,002
Total Liabilities and Net Assets / Fund Balance$2,780,041$2,311,196▼ $468,845

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,432,908$8,212,486$9,645,394
Equipment$18,104$408,903$427,007
Land$37,200-$37,200
Other Land Buildings$0$19,084$19,084
Other Assets Org$283--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Sonal ShahController$144,679$144,679
Angela Davis FarrishExecutive Director$34,615$34,615

Board Members and Trustees

NameTitle
Enrico BocciaChair
Salvatore GiganteVice President
Evelyn VelazquezTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,088,416
Investment Income
$1,330
Other Revenue
$0
Change in Net Assets
$-773,002

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,089,746
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,089,746
Total Revenue per Form 990
$2,089,746
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,693,908
Salaries, Compensation, and Employee Benefits$168,840
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$367,579--$367,579
All Other Expenses$311,523--$311,523
Depreciation Depletion$291,534--$291,534
Other Expenses$249,552--$249,552
Insurance$205,724--$205,724
Fees for Services Management-$111,781-$111,781
Other Salaries and Wages$106,994--$106,994
Other Employee Benefits$53,223--$53,223
Fees for Services Accounting-$21,273-$21,273
Fees for Services Legal$13,018--$13,018
Office Expenses$11,188--$11,188
Payroll Taxes$8,623--$8,623
Fees for Services Other$5,927--$5,927
Total Functional Expenses$2,729,694$133,054$0$2,862,748

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,862,748
Total Expenses per Audited Statements$2,862,748
Total Expenses per Form 990$2,862,748
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
-AffiliateSecurity ServicesNo$232,708
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$254,101
DEVELOPER'S FEE PAYABLE$102,503
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization operates a housing project for the elderly and handicapped under section 202 of the federal housing act of 1959. During 2023, a property manager was changed to the wavecrest management team ltd.

Form 990, Part VI, Section A, Line 6

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

Form 990, Part VI, Section A, Line 7A

Sebco development, inc., the sole member of the organization, has the right to appoint the members to the board of directors

Form 990, Part VI, Section B, Line 11B

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

Form 990, Part VI, Section B, Line 12C

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

Form 990, Part VI, Section C, Line 19

Documents, which are public records, are available from the ny secretary of state and provide upon request.

Filing and Contact Details

Filer

Filer Name
Ec Housing Development Fund
EIN
13-3121459
Phone
3477262547
Address
429 BRUCKNER BLVD 2ND FLOOR, BRONX, NY 10455

Signing Officer

Name
Salvatore Gigante
Title
Vice President
Phone
3477262547
Signed
2025-10-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Salvatore Gigante
Formed
1982
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
2
Employees
2
Volunteers
0

Preparer

Firm
Lipsky Goodkin & Co Pc
Address
120 WEST 45TH STREET 7TH FL, NEW YORK, NY 10036
Preparer
Mesug Kim
Phone
2128406444
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Utilities: program service expenses 230,742. Management and general expenses 0. Fundraising expenses 0. Total expenses 230,742. Service elderly care: program service expenses 28,353. Management and general expenses 0. Fundraising expenses 0. Total expenses 28,353. Mortgage insurance: program service expenses 26,774. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,774. Admin rent free unit: program service expenses 20,597. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,597. License and permits: program service expenses 4,895. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,895. Other renting expense: program service expenses 162. Management and general expenses 0. Fundraising expenses 0. Total expenses 162.

Financial Statement Notes

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 474 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.

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IRS990/OtherExpensesGrp/Desc1BAD DEBT
IRS990/OtherExpensesGrp/Desc2TAXES
IRS990/OtherExpensesGrp/Desc3SECURITY EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt0552944
IRS990/OtherExpensesGrp/ProgramServicesAmt1295286
IRS990/OtherExpensesGrp/ProgramServicesAmt2256579
IRS990/OtherExpensesGrp/ProgramServicesAmt3249552
IRS990/OtherExpensesGrp/TotalAmt0552944
IRS990/OtherExpensesGrp/TotalAmt1295286
IRS990/OtherExpensesGrp/TotalAmt2256579
IRS990/OtherExpensesGrp/TotalAmt3249552
IRS990/OtherLiabilitiesGrp/BOYAmt0358945
IRS990/OtherLiabilitiesGrp/EOYAmt0356604
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0106994
IRS990/OtherSalariesAndWagesGrp/TotalAmt0106994
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt08623
IRS990/PayrollTaxesGrp/TotalAmt08623
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0196309
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0234629
IRS990/PrincipalOfficerNm0SALVATORE GIGANTE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1624120
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE COORDINATOR
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02060063
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt128353
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02060063
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt128353
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0740
IRS990/PYOtherExpensesAmt02082967
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02182094
IRS990/PYRevenuesLessExpensesAmt0-48817
IRS990/PYSalariesCompEmpBnftPaidAmt0148684
IRS990/PYTotalExpensesAmt02231651
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02182834
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-773002
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01533035
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01642908
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01632189
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01507160
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01507778
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07823070
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0556711
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0539926
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0676173
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0529009
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0518241
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02820060
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.73500
IRS990ScheduleA/PublicSupportPY170Pct00.73740
IRS990ScheduleA/PublicSupportTotal170Amt07823070
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01533035
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01642908
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01632189
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01507160
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01507778
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07823070
IRS990ScheduleA/TotalSupportAmt010643130
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01432908
IRS990ScheduleD/BuildingsGrp/DepreciationAmt08212486
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09645394
IRS990ScheduleD/EquipmentGrp/BookValueAmt018104
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0408903
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0427007
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02862748
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt037200
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt037200
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0164987
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt133756
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt268685
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt333508
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4283
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2MORTGAGE ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4PAINTING RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt019084
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt019084
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0102503
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1254101
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEVELOPER'S FEE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02089746
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/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01488212
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0301219
IRS990ScheduleD/TotalExpensesPerForm990Amt02862748
IRS990ScheduleD/TotalLiabilityAmt0356604
IRS990ScheduleD/TotalRevenuePerForm990Amt02089746
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02089746
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02862748
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0250490
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SALVATORE GIGANTE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0250490
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0SENTRY SECURITY COMPANY INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0AFFILIATE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0232708
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SECURITY SERVICES
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION OPERATES A HOUSING PROJECT FOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959. DURING 2023, A PROPERTY MANAGER WAS CHANGED TO THE WAVECREST MANAGEMENT TEAM LTD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZED WITH ONE MEMBER, SEBCO DEVELOPMENT, INC., A NOT FOR PROFIT IRC SECTION 501(C)(3)COMMUNITY BASED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SEBCO DEVELOPMENT, INC., THE SOLE MEMBER OF THE ORGANIZATION, HAS THE RIGHT TO APPOINT THE MEMBERS TO THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S 990 IS REVIEWED AND APPROVED BY CONTROLLER AND VICE PRESIDENT BEFORE IT IS FINALIZED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CONFLICTS OF INTEREST POLICY IS ENFORCED PURSUANT TO THE NEW YORK STATE NOT-FOR-PROFIT CORPORATION LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS, WHICH ARE PUBLIC RECORDS, ARE AVAILABLE FROM THE NY SECRETARY OF STATE AND PROVIDE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UTILITIES: PROGRAM SERVICE EXPENSES 230,742. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 230,742. SERVICE ELDERLY CARE: PROGRAM SERVICE EXPENSES 28,353. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,353. MORTGAGE INSURANCE: PROGRAM SERVICE EXPENSES 26,774. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,774. ADMIN RENT FREE UNIT: PROGRAM SERVICE EXPENSES 20,597. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,597. LICENSE AND PERMITS: PROGRAM SERVICE EXPENSES 4,895. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,895. OTHER RENTING EXPENSE: PROGRAM SERVICE EXPENSES 162. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 162.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SEBCO DEVELOPMENT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0132944013
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0DEVELOPMEN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0885 BRUCKNER BLVD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BRONX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010459
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0254101
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0SEBCO DEVELOPMENT INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0E
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00

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