Civic Intelligence

Sebco Housing Development Fund

990 • Fiscal year 2021 • EIN 13-3180527

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

96th percentile

2.50x

Higher debt load relative to assets than 96% of similar nonprofits.

2021 filings • NTEE L • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

63rd percentile

3.65x

Higher debt load relative to revenue than 63% of similar nonprofits.

2021 filings • NTEE L • $1M-$5M nonprofits • Source year 2021

Net Margin

45th percentile

-7.9%

Higher net margin than 45% of similar nonprofits.

2021 filings • NTEE L • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

98th percentile

$825,206

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 50.8% of source-year revenue.

2021 filings • NTEE L • $1M-$5M nonprofits • Source year 2021

Asset Growth

9th percentile

-8.4%

Faster asset growth than 9% of similar nonprofits.

2021 filings • NTEE L • $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 / Assets96th percentile

Assets

Down

$2,371,962

Down $217,214 (-8.4%) from 2020

Net Assets

Down

-$3,549,067

Down $127,964 (-3.7%) from 2020

Liabilities

Down

$5,921,029

Down $89,250 (-1.5%) from 2020

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin45th percentile

Revenue

Up

$1,623,788

Up $1,851,372 (+813%) from 2020

Expenses

Up

$1,751,752

Up $1,751,752 from 2020

Net Income

Up

-$127,964

Up $99,620 (+44%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

$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

2021

Assets$2,371,962
Liabilities$5,921,029
Net Assets-$3,549,067
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-$1.0MExpenses 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

2021

Revenue$1,623,788
Expenses$1,751,752
Net Income-$127,964
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
$1,623,788
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$1,457,122$1,258,316▼ $198,806
Intangible Assets$305,009$292,166▼ $12,843
Cash and Non-Interest-Bearing Accounts$26,573$286,135▲ $259,562
Prepaid Expenses and Deferred Charges$162,549$153,494▼ $9,055
Accounts Receivable$86,388$68,124▼ $18,264
Total Assets$2,894,185$2,371,962▼ $522,223
Other Assets Total$856,544$313,727▼ $542,817
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,703,072$5,589,525▼ $113,547
Accounts Payable and Accrued Expenses$419,608$287,000▼ $132,608
Escrow Account Liability$22,755$23,818▲ $1,063
Other Liabilities$167,197$17,091▼ $150,106
Deferred Revenue$2,656$3,595▲ $939
Total Liabilities$6,315,288$5,921,029▼ $394,259
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-3,421,103$-3,549,067▼ $127,964
Total Net Assets Fund Balance$-3,421,103$-3,549,067▼ $127,964
Total Liabilities and Net Assets / Fund Balance$2,894,185$2,371,962▼ $522,223

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,185,370$5,905,668$7,091,038
Equipment$45,346$394,443$439,789
Land$27,600-$27,600
Other Assets Org$63--
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleBaseOtherTotal
Salvatore GiganteSecretary /-$825,206$825,206
Latoya AllenVice Preside-$479,011$479,011
Fr Louis GiganteDirector-$100,000$100,000
Jason BoroffDirector$2,603$93,621$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
$26,197
Program Service Revenue
$1,597,238
Investment Income
$353
Other Revenue
$0
Change in Net Assets
$-127,964

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,623,788
Total Revenue per Audited Statements
$1,623,788
Total Revenue per Form 990
$1,623,788
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,583,745
Salaries, Compensation, and Employee Benefits$168,007
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$355,407--$355,407
Depreciation Depletion$211,649--$211,649
All Other Expenses$167,018--$167,018
Other Salaries and Wages$117,129--$117,129
Insurance$114,287--$114,287
Other Expenses$92,599--$92,599
Fees for Services Management-$69,130-$69,130
Other Employee Benefits$39,995--$39,995
Office Expenses$22,136--$22,136
Fees for Services Accounting-$15,012-$15,012
Fees for Services Other$14,782--$14,782
Fees for Services Legal$12,510--$12,510
Payroll Taxes$10,883--$10,883
Total Functional Expenses$1,667,610$84,142$0$1,751,752

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,751,752
Total Expenses per Audited Statements$1,751,752
Total Expenses per Form 990$1,751,752
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$166,160
Building Management Associates IncOfficer/directoProperty ManagementNo$69,130
Tiffany Maintenance Co IncOfficer/directoRepairs & MaintenancNo$38,618
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$17,091
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 building is managed by building managment 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

“Sebco development, inc., a community based not for profit irc 501(c)(3) organization, is the company sole member.”

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

“Available at the new york state department of law and upon request to the organization.”

Filing and Contact Details

Filer

Filer Name
Sebco Housing Development Fund
EIN
13-3180527
Phone
7186172800
Address
885 BRUCKNER BLVD, BRONX, NY 10459

Signing Officer

Name
Salvatore Gigante
Title
Secretary / COO
Phone
7186172800
Signed
2022-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Salvatore Gigante
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
4
Employees
3

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.”

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IRS990/OtherExpensesGrp/ProgramServicesAmt2165279
IRS990/OtherExpensesGrp/ProgramServicesAmt392599
IRS990/OtherExpensesGrp/TotalAmt0177776
IRS990/OtherExpensesGrp/TotalAmt1166160
IRS990/OtherExpensesGrp/TotalAmt2165279
IRS990/OtherExpensesGrp/TotalAmt392599
IRS990/OtherLiabilitiesGrp/BOYAmt0167197
IRS990/OtherLiabilitiesGrp/EOYAmt017091
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0117129
IRS990/OtherSalariesAndWagesGrp/TotalAmt0117129
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt010883
IRS990/PayrollTaxesGrp/TotalAmt010883
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0162549
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0153494
IRS990/PrincipalOfficerNm0SALVATORE GIGANTE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE COORDINATOR
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01580147
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt117091
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01580147
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt117091
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0765
IRS990/PYOtherRevenueAmt0-228349
IRS990/PYRevenuesLessExpensesAmt0-227584
IRS990/PYTotalRevenueAmt0-227584
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-127964
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01226224
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01093101
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01185116
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01179219
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01306950
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05990610
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0397564
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0314536
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0345077
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0403881
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0302181
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01763239
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01597591
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.77260
IRS990ScheduleA/PublicSupportPY170Pct00.78020
IRS990ScheduleA/PublicSupportTotal170Amt05990610
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01226224
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01093101
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01185116
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01179219
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01306950
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05990610
IRS990ScheduleA/TotalSupportAmt07753849
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01185370
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05905668
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07091038
IRS990ScheduleD/EquipmentGrp/BookValueAmt045346
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0394443
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0439789
IRS990ScheduleD/ExpensesSubtotalAmt01751752
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt027600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt027600
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0124816
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt182662
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt259137
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt323818
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt423231
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt563
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CAPITAL IMPROVEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2MORTAGE ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5PAINTING RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017091
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/RevenueSubtotalAmt01623788
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/TotalBookValueLandBuildingsAmt01258316
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0313727
IRS990ScheduleD/TotalExpensesPerForm990Amt01751752
IRS990ScheduleD/TotalLiabilityAmt017091
IRS990ScheduleD/TotalRevenuePerForm990Amt01623788
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01623788
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01751752
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 INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1TIFFANY MAINTENANCE CO INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2SENTRY SECURITY COMPANY INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OFFICER/DIRECTO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1OFFICER/DIRECTO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2OFFICER/DIRECTO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt069130
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt138618
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt2166160
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PROPERTY MANAGEMENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1REPAIRS & MAINTENANC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2SECURITY SERVICES
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 BUILDING IS MANAGED BY BUILDING MANAGMENT ASSOCIATES, INC., A REAL ESTATE PROPERTY MANAGEMENT COMPANY, WHICH IS OWNED BY A BOARD MEMBER OF THE REPORTING ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SEBCO DEVELOPMENT, INC., A COMMUNITY BASED NOT FOR PROFIT IRC 501(C)(3) ORGANIZATION, IS THE COMPANY SOLE MEMBER.
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/ExplanationTxt5AVAILABLE AT THE NEW YORK STATE DEPARTMENT OF LAW AND UPON REQUEST TO THE ORGANIZATION.
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

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$2,371,962
Liabilities
$5,921,029
Net assets
-$3,549,067
Revenue
$1,623,788
Expenses
$1,751,752
Net income
-$127,964
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
2021Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

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