Civic Intelligence

E C Housing Development Fund Company Inc.

990 • Fiscal year 2021 • EIN 13-3121459

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

99th percentile

2.48x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

95th percentile

3.56x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

16th percentile

-8.2%

Higher net margin than 16% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

99th percentile

$825,206

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 40.5% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

31st percentile

1.3%

Faster asset growth than 31% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M 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 / Assets99th percentile

Assets

Up

$2,924,814

Up $36,853 (+1.3%) from 2020

Net Assets

Down

-$4,334,000

Down $166,614 (-4.0%) from 2020

Liabilities

Up

$7,258,814

Up $203,467 (+2.9%) from 2020

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin16th percentile

Revenue

Up

$2,036,769

Up $2,203,723 (+1320%) from 2020

Expenses

Up

$2,203,383

Up $2,203,383 from 2020

Net Income

Up

-$166,614

Up $340 (+0.2%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth31st 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

2021

Assets$2,924,814
Liabilities$7,258,814
Net Assets-$4,334,000
Open 2021 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

2021

Revenue$2,036,769
Expenses$2,203,383
Net Income-$166,614
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
$2,036,769
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 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$1,217,198$2,251,029▲ $1,033,831
Intangible Assets$224,116$214,147▼ $9,969
Prepaid Expenses and Deferred Charges$193,248$156,686▼ $36,562
Accounts Receivable$71,862$77,735▲ $5,873
Cash and Non-Interest-Bearing Accounts$8,725$28,232▲ $19,507
Total Assets$3,112,077$2,924,814▼ $187,263
Other Assets Total$1,396,928$196,985▼ $1,199,943
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,564,145$6,422,712▼ $141,433
Accounts Payable and Accrued Expenses$444,663$602,334▲ $157,671
Other Liabilities$211,502$168,503▼ $42,999
Escrow Account Liability$39,785$38,733▼ $1,052
Deferred Revenue$19,368$26,532▲ $7,164
Total Liabilities$7,279,463$7,258,814▼ $20,649
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-4,167,386$-4,334,000▼ $166,614
Total Net Assets Fund Balance$-4,167,386$-4,334,000▼ $166,614
Total Liabilities and Net Assets / Fund Balance$3,112,077$2,924,814▼ $187,263

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,171,869$7,425,601$9,597,470
Equipment$41,960$369,538$411,498
Land$37,200-$37,200
Other Assets Org$267--
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleBaseOtherTotal
Salvatore GiganteSecretary/ C-$825,206$825,206
Latoya AllenVice Preside-$479,011$479,011
Fr Louis R GiganteDirector-$100,000$100,000
Jason BoroffDirector$2,226$93,998$96,224
Carmen ReyesTreasurer-$600$600
Enrico BocciaChair-$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
$18,999
Program Service Revenue
$2,017,214
Investment Income
$556
Other Revenue
$0
Change in Net Assets
$-166,614

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,036,769
Total Revenue per Audited Statements
$2,036,769
Total Revenue per Form 990
$2,036,769
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,994,937
Salaries, Compensation, and Employee Benefits$208,446
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$396,776--$396,776
Depreciation Depletion$251,978--$251,978
Other Expenses$185,619--$185,619
All Other Expenses$177,922--$177,922
Insurance$153,196--$153,196
Other Salaries and Wages$145,849--$145,849
Fees for Services Management-$92,288-$92,288
Other Employee Benefits$49,016--$49,016
Office Expenses$22,508--$22,508
Fees for Services Accounting-$15,599-$15,599
Payroll Taxes$13,581--$13,581
Fees for Services Legal$3,643--$3,643
Fees for Services Other$1,132--$1,132
Total Functional Expenses$2,095,496$107,887$0$2,203,383

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,203,383
Total Expenses per Audited Statements$2,203,383
Total Expenses per Form 990$2,203,383
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$231,732
Building Management AssociatesOfficer/directoProperty ManagementNo$92,288
Tiffany Maintenance Co IncOfficer/directoRepairs & MaintenancNo$25,302
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
DEVELOPER'S FEE PAYABLE$102,503
Due to Affiliate$66,000
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 develoment, 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 operating 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
Ec Housing Development Fund
EIN
13-3121459
Address
885 BRUCKNER BLVD, BRONX, NY 10459

Signing Officer

Name
Salvatore Gigante
Title
Secretary/ COO
Signed
2022-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Salvatore Gigante
Formed
1982
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
4
Employees
2

Preparer

Firm
A Gary Aaronson CPA Pllc
Address
42 WEST 38TH STREET SUITE 1003, NEW YORK, NY 10018-0060
Preparer
A Gary Aaronson
Phone
2126845770
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

“The organization holds security deposits from tenants in an escrow account. These deposits are returned to the tenants once tenants move out of the apartment.”

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IRS990/OtherExpensesGrp/ProgramServicesAmt2206288
IRS990/OtherExpensesGrp/ProgramServicesAmt3185619
IRS990/OtherExpensesGrp/TotalAmt0252121
IRS990/OtherExpensesGrp/TotalAmt1235867
IRS990/OtherExpensesGrp/TotalAmt2206288
IRS990/OtherExpensesGrp/TotalAmt3185619
IRS990/OtherLiabilitiesGrp/BOYAmt0211502
IRS990/OtherLiabilitiesGrp/EOYAmt0168503
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0145849
IRS990/OtherSalariesAndWagesGrp/TotalAmt0145849
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt013581
IRS990/PayrollTaxesGrp/TotalAmt013581
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0193248
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0156686
IRS990/PrincipalOfficerNm0SALVATORE GIGANTE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02017214
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02017214
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01463
IRS990/PYOtherRevenueAmt0-168417
IRS990/PYRevenuesLessExpensesAmt0-166954
IRS990/PYTotalRevenueAmt0-166954
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-166614
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01507160
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01499212
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01473730
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01452690
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01541275
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07474067
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0529009
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0517641
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0502151
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0504417
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0529637
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02582855
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02017770
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.74320
IRS990ScheduleA/PublicSupportPY170Pct00.74890
IRS990ScheduleA/PublicSupportTotal170Amt07474067
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01507160
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01499212
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01473730
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01452690
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01541275
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07474067
IRS990ScheduleA/TotalSupportAmt010056922
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02171869
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07425601
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09597470
IRS990ScheduleD/EquipmentGrp/BookValueAmt041960
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0369538
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0411498
IRS990ScheduleD/ExpensesSubtotalAmt02203383
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt037200
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt037200
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt075500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt150776
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt238733
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt331709
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4267
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0MORTGAGE ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4PAINTING RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0102503
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt166000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEVELOPER'S FEE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATE
IRS990ScheduleD/RevenueSubtotalAmt02036769
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/TotalBookValueLandBuildingsAmt02251029
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0196985
IRS990ScheduleD/TotalExpensesPerForm990Amt02203383
IRS990ScheduleD/TotalLiabilityAmt0168503
IRS990ScheduleD/TotalRevenuePerForm990Amt02036769
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02036769
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02203383
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/TransactionAmt092288
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1231732
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt225302
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PROPERTY MANAGEMENT
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 DEVELOMENT, CO.,INC., A NOT FOR PROFIT IRC SECTION 501(C)(3) COMMUNITY BASED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONTROLLER AND CHIEF OPERATING 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/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
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
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$2,924,814
Liabilities
$7,258,814
Net assets
-$4,334,000
Revenue
$2,036,769
Expenses
$2,203,383
Net income
-$166,614
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
2021Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

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