Civic Intelligence

Sebco Housing Development Fund

990 • Fiscal year 2018 • EIN 13-3180527

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 21, 2019

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

98th percentile

1.93x

Higher debt load relative to assets than 98% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

100th percentile

215.66x

Higher debt load relative to revenue than 100% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

39th percentile

-1.5%

Faster asset growth than 39% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2017 to 2018

Assets

Down

$2,999,031

Down $45,322 (-1.5%) from 2017

Net Assets

Up

-$2,781,530

Up $26,804 (+1.0%) from 2017

Liabilities

Down

$5,780,561

Down $72,126 (-1.2%) from 2017

Revenue

Up

$26,804

Up $76,750 (+154%) from 2017

Expenses

Flat

$0

Flat from 2017

Net Income

Up

$26,804

Up $76,750 (+154%) from 2017

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

2018

Assets$2,999,031
Liabilities$5,780,561
Net Assets-$2,781,530

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

2018

Revenue$26,804
Expenses$0
Net Income$26,804
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 21, 2019
Return Version
2018v3.1
Gross Receipts
$1,583,100
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,762,005$1,802,814▲ $40,809
Accounts Receivable$94,679$166,210▲ $71,531
Prepaid Expenses and Deferred Charges$143,555$108,950▼ $34,605
Cash and Non-Interest-Bearing Accounts$39,692$79,837▲ $40,145
Total Assets$3,044,353$2,999,031▼ $45,322
Other Assets Total$1,004,422$841,220▼ $163,202
Liabilities
Other Liabilities$5,684,454$5,601,301▼ $83,153
Accounts Payable and Accrued Expenses$166,612$177,012▲ $10,400
Deferred Revenue$1,621$2,248▲ $627
Total Liabilities$5,852,687$5,780,561▼ $72,126
Net Assets / Fund Balance
Unrestricted Net Assets$-2,808,334$-2,781,530▲ $26,804
Total Net Assets Fund Balance$-2,808,334$-2,781,530▲ $26,804
Total Liabilities and Net Assets / Fund Balance$3,044,353$2,999,031▼ $45,322

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,775,214$5,708,141$7,483,355
Land$27,600-$27,600
Other Assets Org$20,774--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Fr Louis GiganteChairman
Alejandro RosadoDirector
Enrico BocciaDirector
Louis GaccioneDirector
Carmen ReyesTreas/direct
Revenue and Support

Revenue Composition

Contributions and Grants
$45,149
Program Service Revenue
$0
Investment Income
$2,314
Other Revenue
$-20,659
Change in Net Assets
$26,804

Audited Revenue Reconciliation

Revenue per Audited Statements
$26,804
Total Revenue per Audited Statements
$26,804
Total Revenue per Form 990
$26,804
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$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
-ChairpersonSecurityNo$186,732
-Chair/ownerContract RepairsNo$67,998
-PresidentPropery ManagementNo$66,245
-Chair/ownerProerty ManagementNo$66,245
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Mortgage Payable$5,580,527
Tenant Security Deposits (contra)$20,774
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 family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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

Building management associates, inc tiffany maintenance co., inc. Chair/owner chair officer/director/owner sentry security co., inc. Sebco development, inc. Chairperson chairpeson officer and director building management associates, inc tiffany maintenance co., inc. Ex vice pres ex vice pres officer tiffany maintenance co., inc. Chair owner

Form 990, Page 6, Part VI, Line 3

The organization's sole busniss is the operation of an apartment building for the elderly and handicapped formed under section 202 of the federal housing act of 1936. The building is managed by a property management company that is affiliated with the organization, namely building management associates,inc.,which is majority owned by the organizaton's chairperson. Its management fees are regulated by hud.

Form 990, Page 6, Part VI, Line 6

The organization is a wholly-owned subsidiary of sebco development, inc., a community based not for profit organization.

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

Reviewed by controller and executive vice president prior to filing.

Form 990, Page 6, Part VI, Line 15A

Not applicable. No salaries or compensation paid to officers or directors.

Form 990, Page 6, Part VI, Line 15B

Building employees are members of unions and their compensation is determined by union contracts. The officers and directors receive no compensation from the organization.

Form 990, Page 6, Part VI, Line 18

The formm 990 is a public document filed with the new york state department of law.

Form 990, Page 6, Part VI, Line 19

FURNISHED UPON REQUEST.

Filing and Contact Details

Filer

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

Signing Officer

Name
Salvatore Gigante
Title
Executive Vice Prese
Phone
7186172800
Signed
2019-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Salvatore Gigante
Voting Board Members
5
Independent Board Members
3
Employees
4

Preparer

Firm
Irwin Siegel CPA
Address
130 EAST 59TH STREET, NEW YORK, NY 10022
Preparer
Irwin Siegel CPA
Phone
2124475599
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.

Raw XML Appendix356 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0166612
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0177012
IRS990/AccountsReceivableGrp/BOYAmt094679
IRS990/AccountsReceivableGrp/EOYAmt0166210
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROVIDE 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.
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0CONTROLLER
IRS990/BooksInCareOfDetail/PhoneNum07186172800
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0885 BRUCKNER BLVD
IRS990/BooksInCareOfDetail/USAddress/CityNm0BRONX
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010459
IRS990/BusinessRlnWithFamMemInd0true
IRS990/BusinessRlnWithOfficerEntInd0true
IRS990/BusinessRlnWithOrgMemInd0true
IRS990/CashNonInterestBearingGrp/BOYAmt039692
IRS990/CashNonInterestBearingGrp/EOYAmt079837
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt045149
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt02314
IRS990/CYOtherExpensesAmt00
IRS990/CYOtherRevenueAmt0-20659
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt026804
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt00
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt026804
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt01621
IRS990/DeferredRevenueGrp/EOYAmt02248
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/Desc0PROVIDE 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.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt04
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0FR LOUIS GIGANTE
IRS990/Form990PartVIISectionAGrp/PersonNm1CARMEN REYES
IRS990/Form990PartVIISectionAGrp/PersonNm2ENRICO BOCCIA
IRS990/Form990PartVIISectionAGrp/PersonNm3LOUIS GACCIONE
IRS990/Form990PartVIISectionAGrp/PersonNm4ALEJANDRO ROSADO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREAS/DIRECT
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt045149
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01583100
IRS990/GrossRentsGrp/RealAmt01535037
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt02314
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02314
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05708141
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01762005
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01802814
IRS990/LandBldgEquipCostOrOtherBssAmt07510955
IRS990/LessRentalExpensesGrp/RealAmt01556296
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDE 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0-2808334
IRS990/NetAssetsOrFundBalancesEOYAmt0-2781530
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-21259
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-21259
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01004422
IRS990/OtherAssetsTotalGrp/EOYAmt0841220
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt05684454
IRS990/OtherLiabilitiesGrp/EOYAmt05601301
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0600
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0600
IRS990/OtherRevenueTotalAmt0600
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0143555
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0108950
IRS990/PrincipalOfficerNm0SALVATORE GIGANTE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt081227
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01585
IRS990/PYOtherRevenueAmt0-132758
IRS990/PYRevenuesLessExpensesAmt0-49946
IRS990/PYTotalRevenueAmt0-49946
IRS990/ReconcilationRevenueExpnssAmt026804
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0-21259
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01580186
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01606168
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01532361
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01537949
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01439862
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07696526
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02314
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01585
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0985
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01324
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01020
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt07228
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03065855
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99910
IRS990ScheduleA/PublicSupportPY170Pct00.69340
IRS990ScheduleA/PublicSupportTotal170Amt07696526
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01580186
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01606168
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01532361
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01537949
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01439862
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07696526
IRS990ScheduleA/TotalSupportAmt07703754
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/LandGrp/BookValueAmt027600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt027600
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0440136
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1195435
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt281148
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt370793
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt432934
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt520774
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2CAPITAL IMPROVEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3PAINTING RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4MORTGAGE ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01775214
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05708141
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt07483355
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05580527
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt120774
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MORTGAGE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS (CONTRA)
IRS990ScheduleD/RevenueSubtotalAmt026804
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01802814
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0841220
IRS990ScheduleD/TotalLiabilityAmt05601301
IRS990ScheduleD/TotalRevenuePerForm990Amt026804
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt026804
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0BUILDING MANAGEMENT ASSOCIATES INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1BUILDING MANAGEMENT ASSOCIATES INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt2TIFFANY MAINTENANCE CO INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt3SENTRY SECURITY CO INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0PRESIDENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1CHAIR/OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2CHAIR/OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3CHAIRPERSON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd3false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt066245
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt166245
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt267998
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt3186732
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PROPERY MANAGEMENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1PROERTY MANAGEMENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2CONTRACT REPAIRS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3SECURITY
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROVIDE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BUILDING MANAGEMENT ASSOCIATES, INC TIFFANY MAINTENANCE CO., INC. CHAIR/OWNER CHAIR OFFICER/DIRECTOR/OWNER SENTRY SECURITY CO., INC. SEBCO DEVELOPMENT, INC. CHAIRPERSON CHAIRPESON OFFICER AND DIRECTOR BUILDING MANAGEMENT ASSOCIATES, INC TIFFANY MAINTENANCE CO., INC. EX VICE PRES EX VICE PRES OFFICER TIFFANY MAINTENANCE CO., INC. CHAIR OWNER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S SOLE BUSNISS IS THE OPERATION OF AN APARTMENT BUILDING FOR THE ELDERLY AND HANDICAPPED FORMED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1936. THE BUILDING IS MANAGED BY A PROPERTY MANAGEMENT COMPANY THAT IS AFFILIATED WITH THE ORGANIZATION, NAMELY BUILDING MANAGEMENT ASSOCIATES,INC.,WHICH IS MAJORITY OWNED BY THE ORGANIZATON'S CHAIRPERSON. ITS MANAGEMENT FEES ARE REGULATED BY HUD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION IS A WHOLLY-OWNED SUBSIDIARY OF SEBCO DEVELOPMENT, INC., A COMMUNITY BASED NOT FOR PROFIT ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REVIEWED BY CONTROLLER AND EXECUTIVE VICE PRESIDENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NOT APPLICABLE. NO SALARIES OR COMPENSATION PAID TO OFFICERS OR DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BUILDING EMPLOYEES ARE MEMBERS OF UNIONS AND THEIR COMPENSATION IS DETERMINED BY UNION CONTRACTS. THE OFFICERS AND DIRECTORS RECEIVE NO COMPENSATION FROM THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE FORMM 990 IS A PUBLIC DOCUMENT FILED WITH THE NEW YORK STATE DEPARTMENT OF LAW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8FURNISHED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03044353
IRS990/TotalAssetsEOYAmt02999031
IRS990/TotalAssetsGrp/BOYAmt03044353
IRS990/TotalAssetsGrp/EOYAmt02999031
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt045149
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt00
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05852687
IRS990/TotalLiabilitiesEOYAmt05780561
IRS990/TotalLiabilitiesGrp/BOYAmt05852687
IRS990/TotalLiabilitiesGrp/EOYAmt05780561
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2808334
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2781530
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-18345
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt026804
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03044353
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02999031
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-2808334
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-2781530
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0885 BRUCKNER BOULEVARD
IRS990/USAddress/CityNm0BRONX
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010459
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.SEBCODEVELOPMENT.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SALVATORE GIGANTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE VICE PRESE
ReturnHeader/BusinessOfficerGrp/PhoneNum07186172800
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SEBCO HOUSING DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FUND COMPANY INC
ReturnHeader/Filer/BusinessNameControlTxt0SEBC
ReturnHeader/Filer/EIN0133180527
ReturnHeader/Filer/PhoneNum07186172800
ReturnHeader/Filer/USAddress/AddressLine1Txt0885 BRUCKNER BLVD
ReturnHeader/Filer/USAddress/CityNm0BRONX
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010459
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId07C77AE909419911C4C2720A85BD20266441CFDB8
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07C77AE909419911C4C2720A85BD20266441CFDB8
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt098.0.203.106
ReturnHeader/FilingSecurityInformation/IPDt02019-10-25
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm009:25:12
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0132992528
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0IRWIN SIEGEL CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0130 EAST 59TH STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010022
ReturnHeader/PreparerPersonGrp/PhoneNum02124475599
ReturnHeader/PreparerPersonGrp/PreparationDt02019-10-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0IRWIN SIEGEL CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-10-25T09:25:12-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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
2018Detailed filing. Detailed filing data is available for this year.$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