Civic Intelligence

Sebco Housing Development Fund Company Inc

EIN 13-3180527 • 501(c)3 • Bronx, NY

Profile

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

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

3.85x

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

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

Liabilities / Revenue

95th percentile

3.44x

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

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

Net Margin

13th percentile

-23%

Higher net margin than 13% of similar nonprofits.

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

Top Officer Pay

94th percentile

$251,995

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 14.8% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

9th percentile

-18%

Faster asset growth than 9% of similar nonprofits.

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

Revenue Growth

31st percentile

-2.2%

Faster revenue growth than 31% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$1,490,975

Down $336,682 (-18%) from 2023

Liabilities

Up

$5,732,901

Up $50,354 (+0.9%) from 2023

Net Assets

Down

-$4,241,926

Down $387,036 (-10%) from 2023

Operations
Liabilities / Revenue95th percentileNet Margin13th percentile

Revenue

Down

$1,666,685

Down $38,176 (-2.2%) from 2023

Expenses

Up

$2,053,721

Up $354,655 (+21%) from 2023

Net Income

Down

-$387,036

Down $392,831 (-6779%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth9th percentile

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

$10M$5.0M$0-$5.0MAssets 2011: $4,839,748Liabilities 2011: $6,859,379Net Assets 2011: -$2,019,6312011Assets 2012: $4,408,272Liabilities 2012: $6,572,593Net Assets 2012: -$2,164,3212012Assets 2013: $4,228,060Liabilities 2013: $6,514,039Net Assets 2013: -$2,285,9792013Assets 2014: $3,970,204Liabilities 2014: $6,393,631Net Assets 2014: -$2,423,4272014Assets 2015: $3,743,981Liabilities 2015: $6,322,571Net Assets 2015: -$2,578,5902015Assets 2016: $3,207,111Liabilities 2016: $5,965,499Net Assets 2016: -$2,758,3882016Assets 2017: $3,044,353Liabilities 2017: $5,852,687Net Assets 2017: -$2,808,3342017Assets 2018: $2,999,031Liabilities 2018: $5,780,561Net Assets 2018: -$2,781,5302018Assets 2019: $2,661,562Liabilities 2019: $5,855,081Net Assets 2019: -$3,193,5192019Assets 2020: $2,589,176Liabilities 2020: $6,010,279Net Assets 2020: -$3,421,1032020Assets 2021: $2,371,962Liabilities 2021: $5,921,029Net Assets 2021: -$3,549,0672021Assets 2022: $1,930,669Liabilities 2022: $5,791,354Net Assets 2022: -$3,860,6852022Assets 2023: $1,827,657Liabilities 2023: $5,682,547Net Assets 2023: -$3,854,8902023Assets 2024: $1,490,975Liabilities 2024: $5,732,901Net Assets 2024: -$4,241,9262024

Highlighted filing

2024

Assets$1,490,975
Liabilities$5,732,901
Net Assets-$4,241,926
Open 2024 Filing

Operations Trend

Revenue Growth31st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $02011Revenue 2012: -$144,690Expenses 2012: $0Net Income 2012: -$144,6902012Revenue 2013: -$121,658Expenses 2013: $0Net Income 2013: -$121,6582013Revenue 2014: -$137,448Expenses 2014: $0Net Income 2014: -$137,4482014Revenue 2015: -$155,163Expenses 2015: $0Net Income 2015: -$155,1632015Revenue 2016: -$179,798Expenses 2016: $0Net Income 2016: -$179,7982016Revenue 2017: -$49,946Expenses 2017: $0Net Income 2017: -$49,9462017Revenue 2018: $26,804Expenses 2018: $0Net Income 2018: $26,8042018Revenue 2019: -$411,989Expenses 2019: $0Net Income 2019: -$411,9892019Revenue 2020: -$227,584Expenses 2020: $0Net Income 2020: -$227,5842020Revenue 2021: $1,623,788Expenses 2021: $1,751,752Net Income 2021: -$127,9642021Revenue 2022: $1,912,044Expenses 2022: $2,223,662Net Income 2022: -$311,6182022Revenue 2023: $1,704,861Expenses 2023: $1,699,066Net Income 2023: $5,7952023Revenue 2024: $1,666,685Expenses 2024: $2,053,721Net Income 2024: -$387,0362024

Highlighted filing

2024

Revenue$1,666,685
Expenses$2,053,721
Net Income-$387,036
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$1,490,975
Liabilities
$5,732,901
Net assets
-$4,241,926
Revenue
$1,666,685
Expenses
$2,053,721
Net income
-$387,036
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.49$5.73$4.24$1.67$2.05$0.39
2023Detailed filing. Detailed filing data is available for this year.$1.83$5.68$3.85$1.70$1.70$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.93$5.79$3.86$1.91$2.22$0.31
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.37$5.92$3.55$1.62$1.75$0.13
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.59$6.01$3.42$0.23$0.00$0.23
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.66$5.86$3.19$0.41$0.00$0.41
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.00$5.78$2.78$0.03$0.00$0.03
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.04$5.85$2.81$0.05$0.00$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.21$5.97$2.76$0.18$0.00$0.18
2015Detailed filing. Detailed filing data is available for this year.$3.74$6.32$2.58$0.16$0.00$0.16
2014Summary only. Only limited summary data is available for this year.$3.97$6.39$2.42$0.14$0.00$0.14
2013Detailed filing. Detailed filing data is available for this year.$4.23$6.51$2.29$0.12$0.00$0.12
2012Summary only. Only limited summary data is available for this year.$4.41$6.57$2.16$0.14$0.00$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.84$6.86$2.02$0.00
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 19, 2024
Return Version
2023v5.0
Gross Receipts
$1,704,861
Mission and Program Overview

Mission

Provide housing to poor elderly and handicapped individuals pursuant to guidelines established by the united state department of housing and urban development pursuant to section 202 of the federal housing act of 1936 in the south bronx area of new york city.

Provide affordable 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$1,059,510$863,454▼ $196,056
Intangible Assets$279,323$266,480▼ $12,843
Prepaid Expenses and Deferred Charges$109,540$166,070▲ $56,530
Accounts Receivable$32,307$126,144▲ $93,837
Cash and Non-Interest-Bearing Accounts$109,708$9,988▼ $99,720
Total Assets$1,930,669$1,827,657▼ $103,012
Other Assets Total$340,281$395,521▲ $55,240
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,469,154$5,341,549▼ $127,605
Accounts Payable and Accrued Expenses$279,378$293,920▲ $14,542
Escrow Account Liability$25,236$25,801▲ $565
Other Liabilities$10,214$20,337▲ $10,123
Deferred Revenue$7,372$940▼ $6,432
Total Liabilities$5,791,354$5,682,547▼ $108,807
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-3,860,685$-3,854,890▲ $5,795
Total Net Assets Fund Balance$-3,860,685$-3,854,890▲ $5,795
Total Liabilities and Net Assets / Fund Balance$1,930,669$1,827,657▼ $103,012

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$813,210$6,277,828$7,091,038
Equipment$22,644$417,145$439,789
Land$27,600-$27,600
Other Assets Org$64--
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleOtherTotal
Salvatore GiganteVice Preside$251,995$251,995
Sonal ShahController$139,248$139,248
Enrico BocciaChair$800$800

Board Members and Trustees

NameTitle
Salvatore GiganteVice President
Evelyn VelazquezTreasurer/se
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,703,307
Investment Income
$1,554
Other Revenue
$0
Change in Net Assets
$5,795

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,704,861
Total Revenue per Audited Statements
$1,704,861
Total Revenue per Form 990
$1,704,861
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,553,518
Salaries, Compensation, and Employee Benefits$145,548
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$315,938--$315,938
Depreciation Depletion$208,899--$208,899
Other Expenses$165,133--$165,133
All Other Expenses$116,231--$116,231
Insurance$94,366--$94,366
Other Salaries and Wages$89,943--$89,943
Other Employee Benefits$45,266--$45,266
Fees for Services Management-$41,006-$41,006
Office Expenses$18,224--$18,224
Fees for Services Accounting-$15,700-$15,700
Payroll Taxes$10,339--$10,339
Fees for Services Legal$8,440--$8,440
Fees for Services Other$7,963--$7,963
Total Functional Expenses$1,642,360$56,706$0$1,699,066

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,699,066
Total Expenses per Audited Statements$1,699,066
Total Expenses per Form 990$1,699,066
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$165,133
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$20,337
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, 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. During 2023, a real estate property was changed to the wavecrest management team ltd.”

Form 990, Page 6, Part VI, Line 6

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

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

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

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

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

Filing and Contact Details

Filer

Filer Name
Sebco Housing Development Fund
EIN
13-3180527
Phone
3477262547
Address
429 BRUCKNER BLVD 2ND FLOOR, BRONX, NY 10455

Signing Officer

Name
Salvatore Gigante
Title
Vice President
Phone
7186172800
Signed
2024-10-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Salvatore Gigante
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
2
Employees
4

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 apartments.”

Raw XML AppendixShowing 400 of 429 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
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IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0279378
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0293920
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IRS990/AccountsReceivableGrp/EOYAmt0126144
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959.
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0116231
IRS990/AllOtherExpensesGrp/TotalAmt0116231
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE WAVECREST MANAGEMENT TEAM LTD
IRS990/BooksInCareOfDetail/PhoneNum07184631200
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt087-14 116TH STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0RICHMOND HILL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd011418
IRS990/BusinessRlnWith35CtrlEntInd0true
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0109708
IRS990/CashNonInterestBearingGrp/EOYAmt09988
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01554
IRS990/CYOtherExpensesAmt01553518
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01703307
IRS990/CYRevenuesLessExpensesAmt05795
IRS990/CYSalariesCompEmpBnftPaidAmt0145548
IRS990/CYTotalExpensesAmt01699066
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01704861
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt07372
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IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0208899
IRS990/DepreciationDepletionGrp/TotalAmt0208899
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IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
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IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt04
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IRS990/EscrowAccountLiabilityGrp/EOYAmt025801
IRS990/ExpenseAmt01642360
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt015700
IRS990/FeesForServicesAccountingGrp/TotalAmt015700
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt08440
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IRS990/FeesForServicesManagementGrp/TotalAmt041006
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt07963
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IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
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IRS990/Form990PartVIISectionAGrp/OfficerInd2X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
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IRS990/Form990PartVIISectionAGrp/PersonNm0ENRICO BOCCIA
IRS990/Form990PartVIISectionAGrp/PersonNm1EVELYN VELAZQUEZ
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IRS990/Form990PartVIISectionAGrp/PersonNm3SONAL SHAH
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER/SE
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3CONTROLLER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
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IRS990/IRPDocumentCnt09
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IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959.
IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-3860685
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-3854890
IRS990/NondeductibleContributionsInd0false
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IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0340281
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt045266
IRS990/OtherEmployeeBenefitsGrp/TotalAmt045266
IRS990/OtherExpensesGrp/Desc0REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2REPAIRS
IRS990/OtherExpensesGrp/Desc3SECURITY PAYROLL CONTRAC
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IRS990/OtherExpensesGrp/TotalAmt2174842
IRS990/OtherExpensesGrp/TotalAmt3165133
IRS990/OtherLiabilitiesGrp/BOYAmt010214
IRS990/OtherLiabilitiesGrp/EOYAmt020337
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IRS990/OtherSalariesAndWagesGrp/TotalAmt089943
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IRS990/PayrollTaxesGrp/ProgramServicesAmt010339
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0166070
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt128300
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt128300
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IRS990/PYInvestmentIncomeAmt0832
IRS990/PYOtherExpensesAmt02022186
IRS990/PYProgramServiceRevenueAmt01911212
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IRS990/PYSalariesCompEmpBnftPaidAmt0201476
IRS990/PYTotalExpensesAmt02223662
IRS990/PYTotalRevenueAmt01912044
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt05795
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01357347
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01561010
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01226224
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01093101
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01185116
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06422798
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0347514
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0351034
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0397564
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0314536
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0345077
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01755725
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.78530
IRS990ScheduleA/PublicSupportPY170Pct00.77510
IRS990ScheduleA/PublicSupportTotal170Amt06422798
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01357347
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01561010
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01226224
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01093101
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01185116
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06422798
IRS990ScheduleA/TotalSupportAmt08178523
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0813210
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06277828
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07091038
IRS990ScheduleD/EquipmentGrp/BookValueAmt022644
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0417145
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0439789
IRS990ScheduleD/ExpensesSubtotalAmt01699066
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt027600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt027600
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0175801
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt185738
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt284863
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt325801
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt423254
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt564
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1MORTAGE ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2CAPITAL IMPROVEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5PAINTING RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt020337
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/RevenueSubtotalAmt01704861
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 APARTMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0863454
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0395521
IRS990ScheduleD/TotalExpensesPerForm990Amt01699066
IRS990ScheduleD/TotalLiabilityAmt020337
IRS990ScheduleD/TotalRevenuePerForm990Amt01704861
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01704861
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01699066
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0251995
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SALVATORE GIGANTE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0251995
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0SENTRY SECURITY COMPANY INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OFFICER/DIRECTO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0165133
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SECURITY SERVICES
IRS990/ScheduleORequiredInd0true
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 REAL ESTATE PROPERTY 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/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
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
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01930669
IRS990/TotalAssetsEOYAmt01827657
IRS990/TotalAssetsGrp/BOYAmt01930669
IRS990/TotalAssetsGrp/EOYAmt01827657
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt056706
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01642360
IRS990/TotalFunctionalExpensesGrp/TotalAmt01699066
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05791354
IRS990/TotalLiabilitiesEOYAmt05682547
IRS990/TotalLiabilitiesGrp/BOYAmt05791354
IRS990/TotalLiabilitiesGrp/EOYAmt05682547
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-3860685
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-3854890
IRS990/TotalProgramServiceExpensesAmt01642360
IRS990/TotalProgramServiceRevenueAmt01703307
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01704861
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01704861
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01930669
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01827657
IRS990/TotReportableCompRltdOrgAmt0392043
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WhistleblowerPolicyInd0true
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