Civic Intelligence

Sebco Housing Development Fund

990 • Fiscal year 2024 • EIN 13-3180527

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 07, 2025

429 Bruckner Blvd 2nd FloorBronx, NY 10455

(347) 726-2547

Siviq Scores

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

Liabilities / Assets

99th percentile

3.85x

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

2024 filings • NTEE L • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

65th percentile

3.44x

Higher debt load relative to revenue than 65% of similar nonprofits.

2024 filings • NTEE L • $1M-$5M nonprofits • Source year 2024

Net Margin

28th percentile

-23%

Higher net margin than 28% of similar nonprofits.

2024 filings • NTEE L • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

79th percentile

$250,490

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 15.0% of source-year revenue.

2024 filings • NTEE L • $1M-$5M nonprofits • Source year 2024

Asset Growth

4th percentile

-18%

Faster asset growth than 4% of similar nonprofits.

2024 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

25th percentile

-2.2%

Faster revenue growth than 25% of similar nonprofits.

2024 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,490,975

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

Net Assets

Down

-$4,241,926

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

Liabilities

Up

$5,732,901

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

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

Historical Trend

Balance Sheet Trend

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

2024

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

Operations Trend

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

2024

Revenue$1,666,685
Expenses$2,053,721
Net Income-$387,036
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 7, 2025
Return Version
2024v5.2
Gross Receipts
$1,666,685
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$863,454$666,889▼ $196,565
Intangible Assets$266,480$253,637▼ $12,843
Prepaid Expenses and Deferred Charges$166,070$169,265▲ $3,195
Cash and Non-Interest-Bearing Accounts$9,988$49,118▲ $39,130
Accounts Receivable$126,144$33,789▼ $92,355
Total Assets$1,827,657$1,490,975▼ $336,682
Other Assets Total$395,521$318,277▼ $77,244
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,341,549$5,206,276▼ $135,273
Accounts Payable and Accrued Expenses$293,920$489,617▲ $195,697
Escrow Account Liability$25,801$23,411▼ $2,390
Deferred Revenue$940$10,321▲ $9,381
Other Liabilities$20,337$3,276▼ $17,061
Total Liabilities$5,682,547$5,732,901▲ $50,354
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-3,854,890$-4,241,926▼ $387,036
Total Net Assets Fund Balance$-3,854,890$-4,241,926▼ $387,036
Total Liabilities and Net Assets / Fund Balance$1,827,657$1,490,975▼ $336,682

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$626,074$6,464,964$7,091,038
Equipment$13,215$426,574$439,789
Land$27,600-$27,600
Other Assets Org$23,411--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Sonal ShahController$144,679$144,679
Angela Davis FarrishExecutive Officer$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
$1,663,399
Investment Income
$3,286
Other Revenue
$0
Change in Net Assets
$-387,036

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,666,685
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,666,685
Total Revenue per Form 990
$1,666,685
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,920,049
Salaries, Compensation, and Employee Benefits$133,672
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$308,482--$308,482
Depreciation Depletion$209,408--$209,408
Other Expenses$168,447--$168,447
All Other Expenses$127,954--$127,954
Insurance$112,084--$112,084
Other Salaries and Wages$88,118--$88,118
Fees for Services Management-$85,843-$85,843
Other Employee Benefits$39,293--$39,293
Fees for Services Accounting-$23,723-$23,723
Office Expenses$14,452--$14,452
Payroll Taxes$6,261--$6,261
Fees for Services Legal$4,585--$4,585
Fees for Services Other$422--$422
Total Functional Expenses$1,944,155$109,566$0$2,053,721

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,053,721
Total Expenses per Audited Statements$2,053,721
Total Expenses per Form 990$2,053,721
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
-Officer/directorSentry ServicesNo$151,601
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$3,276
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 real estate property 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 reviwed 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
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
3477262547
Signed
2025-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Salvatore Gigante
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
2
Employees
7
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

Financial Statement Notes

PART IV, LINE 2B:

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

Raw XML AppendixShowing 400 of 469 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0293920
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0489617
IRS990/AccountsReceivableGrp/BOYAmt0126144
IRS990/AccountsReceivableGrp/EOYAmt033789
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959.
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0127954
IRS990/AllOtherExpensesGrp/TotalAmt0127954
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
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/BusinessRlnWith35CtrlEntInd01
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt09988
IRS990/CashNonInterestBearingGrp/EOYAmt049118
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd01
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt03286
IRS990/CYOtherExpensesAmt01920049
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01663399
IRS990/CYRevenuesLessExpensesAmt0-387036
IRS990/CYSalariesCompEmpBnftPaidAmt0133672
IRS990/CYTotalExpensesAmt02053721
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01666685
IRS990/DAFExcessBusinessHoldingsInd00
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0940
IRS990/DeferredRevenueGrp/EOYAmt010321
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0209408
IRS990/DepreciationDepletionGrp/TotalAmt0209408
IRS990/Desc0PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DistributionToDonorInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt07
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountLiabilityGrp/BOYAmt025801
IRS990/EscrowAccountLiabilityGrp/EOYAmt023411
IRS990/ExpenseAmt01944155
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt023723
IRS990/FeesForServicesAccountingGrp/TotalAmt023723
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt04585
IRS990/FeesForServicesLegalGrp/TotalAmt04585
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt085843
IRS990/FeesForServicesManagementGrp/TotalAmt085843
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0422
IRS990/FeesForServicesOtherGrp/TotalAmt0422
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form1098CFiledInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form8899Filedind00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt335.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt435.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0ENRICO BOCCIA
IRS990/Form990PartVIISectionAGrp/PersonNm1EVELYN VELAZQUEZ
IRS990/Form990PartVIISectionAGrp/PersonNm2SALVATORE GIGANTE
IRS990/Form990PartVIISectionAGrp/PersonNm3ANGELA DAVIS FARRISH
IRS990/Form990PartVIISectionAGrp/PersonNm4SONAL SHAH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2250490
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt334615
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4144679
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt4CONTROLLER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01666685
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt02
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt0112084
IRS990/InsuranceGrp/TotalAmt0112084
IRS990/IntangibleAssetsGrp/BOYAmt0266480
IRS990/IntangibleAssetsGrp/EOYAmt0253637
IRS990/InterestGrp/ProgramServicesAmt0308482
IRS990/InterestGrp/TotalAmt0308482
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt03286
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03286
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06891538
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0863454
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0666889
IRS990/LandBldgEquipCostOrOtherBssAmt07558427
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt05341549
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05206276
IRS990/NetAssetsOrFundBalancesBOYAmt0-3854890
IRS990/NetAssetsOrFundBalancesEOYAmt0-4241926
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-3854890
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-4241926
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt014452
IRS990/OfficeExpensesGrp/TotalAmt014452
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0395521
IRS990/OtherAssetsTotalGrp/EOYAmt0318277
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt039293
IRS990/OtherEmployeeBenefitsGrp/TotalAmt039293
IRS990/OtherExpensesGrp/Desc0REPAIRS
IRS990/OtherExpensesGrp/Desc1REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3SECURITY PAYROLL CONTRA
IRS990/OtherExpensesGrp/ProgramServicesAmt0468763
IRS990/OtherExpensesGrp/ProgramServicesAmt1214615
IRS990/OtherExpensesGrp/ProgramServicesAmt2181271
IRS990/OtherExpensesGrp/ProgramServicesAmt3168447
IRS990/OtherExpensesGrp/TotalAmt0468763
IRS990/OtherExpensesGrp/TotalAmt1214615
IRS990/OtherExpensesGrp/TotalAmt2181271
IRS990/OtherExpensesGrp/TotalAmt3168447
IRS990/OtherLiabilitiesGrp/BOYAmt020337
IRS990/OtherLiabilitiesGrp/EOYAmt03276
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt088118
IRS990/OtherSalariesAndWagesGrp/TotalAmt088118
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt06261
IRS990/PayrollTaxesGrp/TotalAmt06261
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0166070
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0169265
IRS990/PrincipalOfficerNm0SALVATORE GIGANTE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1624120
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE COORDINATOR
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01649905
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt113494
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01649905
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt113494
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01554
IRS990/PYOtherExpensesAmt01553518
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01703307
IRS990/PYRevenuesLessExpensesAmt05795
IRS990/PYSalariesCompEmpBnftPaidAmt0145548
IRS990/PYTotalExpensesAmt01699066
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01704861
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-387036
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01335734
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01357347
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01561010
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01226224
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01093101
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06573416
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0330951
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0347514
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0351034
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0397564
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0314536
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01741599
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.79050
IRS990ScheduleA/PublicSupportPY170Pct00.78530
IRS990ScheduleA/PublicSupportTotal170Amt06573416
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01335734
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01357347
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01561010
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01226224
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01093101
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06573416
IRS990ScheduleA/TotalSupportAmt08315015
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0626074
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06464964
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07091038
IRS990ScheduleD/EquipmentGrp/BookValueAmt013215
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0426574
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0439789
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02053721
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt027600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt027600
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0171215
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt123271
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt288064
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt312316
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt423411
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2CAPITAL IMPROVEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3MORTAGE ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03276
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01666685
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HOLDS SECURITY DEPOSITS FROM TENANTS IN AN ESCROW ACCOUNT. THESE DEPOSITS ARE RETURNED TO THE TENANT ONCE TENANTS MOVE OUT OF THE APARTMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0666889
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0318277
IRS990ScheduleD/TotalExpensesPerForm990Amt02053721
IRS990ScheduleD/TotalLiabilityAmt03276
IRS990ScheduleD/TotalRevenuePerForm990Amt01666685
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01666685
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02053721
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/RelationshipDescriptionTxt0OFFICER/DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0151601
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SENTRY 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 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 REVIWED 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, 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
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/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01827657
IRS990/TotalAssetsEOYAmt01490975

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$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