Civic Intelligence

Sebcovip Housing Development Fund Company Inc

EIN 13-3518596 • 501(c)3 • Bronx, NY

Profile

Provide housing very low income elderly and handicapped individuals under section 202 of the federal housing act of 1936 in the south bronx area of new york city, new york

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

13th percentile

0.00x

Higher debt load relative to assets than 13% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

23rd percentile

0.03x

Higher debt load relative to revenue than 23% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

51st percentile

5.2%

Faster asset growth than 51% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

45th percentile

4.9%

Faster revenue growth than 45% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$8,233,823

Up $405,064 (+5.2%) from 2023

Liabilities

Up

$14,142

Up $250 (+1.8%) from 2023

Net Assets

Up

$8,219,681

Up $404,814 (+5.2%) from 2023

Revenue

Up

$405,064

Up $18,812 (+4.9%) from 2023

Expenses

Flat

$250

Flat from 2023

Net Income

Up

$404,814

Up $18,812 (+4.9%) from 2023

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0-$5.0M-$10MAssets 2011: $3,046,444Liabilities 2011: $7,893,589Net Assets 2011: -$4,847,1452011Assets 2012: $2,871,899Liabilities 2012: $7,804,438Net Assets 2012: -$4,932,5392012Assets 2013: $2,572,944Liabilities 2013: $7,645,067Net Assets 2013: -$5,072,1232013Assets 2014: $5,417,696Liabilities 2014: $67,812Net Assets 2014: $5,349,8842014Assets 2015: $5,461,261Liabilities 2015: $49,711Net Assets 2015: $5,411,5502015Assets 2016: $5,683,356Liabilities 2016: $13,641Net Assets 2016: $5,669,7152016Assets 2017: $5,942,792Liabilities 2017: $13,642Net Assets 2017: $5,929,1502017Assets 2018: $6,200,707Liabilities 2018: $14,530Net Assets 2018: $6,186,1772018Assets 2019: $6,458,621Liabilities 2019: $14,530Net Assets 2019: $6,444,0912019Assets 2020: $6,715,648Liabilities 2020: $13,642Net Assets 2020: $6,702,0062020Assets 2021: $7,073,816Liabilities 2021: $13,892Net Assets 2021: $7,059,9242021Assets 2022: $7,443,007Liabilities 2022: $14,142Net Assets 2022: $7,428,8652022Assets 2023: $7,828,759Liabilities 2023: $13,892Net Assets 2023: $7,814,8672023Assets 2024: $8,233,823Liabilities 2024: $14,142Net Assets 2024: $8,219,6812024

Highlighted filing

2024

Assets$8,233,823
Liabilities$14,142
Net Assets$8,219,681

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $02011Expenses 2012: $02012Revenue 2013: -$139,584Expenses 2013: $0Net Income 2013: -$139,5842013Revenue 2014: $10,422,008Expenses 2014: $0Net Income 2014: $10,422,0082014Revenue 2015: $225,671Expenses 2015: $0Net Income 2015: $225,6712015Revenue 2016: $258,190Expenses 2016: $25Net Income 2016: $258,1652016Revenue 2017: $261,306Expenses 2017: $1,871Net Income 2017: $259,4352017Revenue 2018: $258,190Expenses 2018: $1,163Net Income 2018: $257,0272018Revenue 2019: $258,190Expenses 2019: $275Net Income 2019: $257,9152019Revenue 2020: $258,190Expenses 2020: $275Net Income 2020: $257,9152020Revenue 2021: $358,168Expenses 2021: $250Net Income 2021: $357,9182021Revenue 2022: $369,191Expenses 2022: $250Net Income 2022: $368,9412022Revenue 2023: $386,252Expenses 2023: $250Net Income 2023: $386,0022023Revenue 2024: $405,064Expenses 2024: $250Net Income 2024: $404,8142024

Highlighted filing

2024

Revenue$405,064
Expenses$250
Net Income$404,814

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.23$0.01$8.22$0.41$0.00$0.40
2023Detailed filing. Detailed filing data is available for this year.$7.83$0.01$7.81$0.39$0.00$0.39
2022Detailed filing. Detailed filing data is available for this year.$7.44$0.01$7.43$0.37$0.00$0.37
2021Detailed filing. Detailed filing data is available for this year.$7.07$0.01$7.06$0.36$0.00$0.36
2020Detailed filing. Detailed filing data is available for this year.$6.72$0.01$6.70$0.26$0.00$0.26
2019Detailed filing. Detailed filing data is available for this year.$6.46$0.01$6.44$0.26$0.00$0.26
2018Detailed filing. Detailed filing data is available for this year.$6.20$0.01$6.19$0.26$0.00$0.26
2017Detailed filing. Detailed filing data is available for this year.$5.94$0.01$5.93$0.26$0.00$0.26
2016Detailed filing. Detailed filing data is available for this year.$5.68$0.01$5.67$0.26$0.00$0.26
2015Detailed filing. Detailed filing data is available for this year.$5.46$0.05$5.41$0.23$0.00$0.23
2014Summary only. Only limited summary data is available for this year.$5.42$0.07$5.35$10.4$0.00$10.4
2013Detailed filing. Detailed filing data is available for this year.$2.57$7.65$5.07$0.14$0.00$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.87$7.80$4.93$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.05$7.89$4.85$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2015
Return Version
2024v5.2
Gross Receipts
$405,064
Mission and Program Overview

Mission

Provide housing very low income elderly and handicapped individuals under section 202 of the federal housing act of 1936 in the south bronx area of new york city, new york

Provide housing for very low income elderly and handicapped individuals under section 202 of the federal housing act of 1959 in the south bronx area of new york city, new york

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$4,706,750$4,706,750→ $0
Total Assets$7,828,759$8,233,823▲ $405,064
Other Assets Total$3,122,009$3,527,073▲ $405,064
Liabilities
Accounts Payable and Accrued Expenses$13,892$14,142▲ $250
Total Liabilities$13,892$14,142▲ $250
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,814,867$8,219,681▲ $404,814
Total Net Assets Fund Balance$7,814,867$8,219,681▲ $404,814
Total Liabilities and Net Assets / Fund Balance$7,828,759$8,233,823▲ $405,064

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$3,069,938--
Other Securities$4,706,750--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Sonal ShahController$144,679$144,679
Angela Davis FarrishExecutive Director$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
$0
Investment Income
$0
Other Revenue
$405,064
Change in Net Assets
$404,814
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$250
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses-$250-$250
Total Functional Expenses$0$250$0$250
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization's sole member is 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
Sebcovip Housing Development Fund
EIN
13-3518596
Phone
7186172800
Address
429 BRUCKNER BLVD 2ND FLOOR, BRONX, NY 10455

Signing Officer

Name
Salvatore Gigante
Title
Vice President
Phone
7186172800
Signed
2015-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Salvatore Gigante
Formed
1989
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Lipsky Goodkin & Co Pc
Address
120 WEST 45TH STREET 7TH FL, NEW YORK, NY 10036
Preparer
Mesug Kim
Phone
2128406444
Raw XML Appendix374 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.

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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
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S SOLE MEMBER IS SEBCO DEVELOPMENT, INC. A NOT-FOR-PROFIT IRC SECTION 501(C)(3)COMMUNITY BASED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SEBCO DEVELOPMENT, INC., THE SOLE MEMBER OF THE ORGANIZATION, HAS THE RIGHT TO APPOINT THE MEMBERS TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S 990 IS REVIWED AND APPROVED BY CONTROLLER AND VICE PRESIDENT BEFORE IT IS FINALIZED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICTS OF INTEREST POLICY IS ENFORCED PURSUANT TO THE NEW YORK STATE NOT-FOR-PROFIT CORPORATION LAWS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS,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 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SEBCO DEVELOPMENT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0132944013
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0DEVELOPMEN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0429 BRUCKNER BLVD 2ND FLOOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BRONX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010455
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
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/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07828759
IRS990/TotalAssetsEOYAmt08233823
IRS990/TotalAssetsGrp/BOYAmt07828759
IRS990/TotalAssetsGrp/EOYAmt08233823
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0250
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0250
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013892
IRS990/TotalLiabilitiesEOYAmt014142
IRS990/TotalLiabilitiesGrp/BOYAmt013892
IRS990/TotalLiabilitiesGrp/EOYAmt014142
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07814867
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08219681
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0405064
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0405064
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07828759
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08233823
IRS990/TotReportableCompRltdOrgAmt0429784
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0429 BRUCKNER BLVD 2ND FLOOR
IRS990/USAddress/CityNm0BRONX
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010455
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.SEBCODEVELOPMENT.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SALVATORE GIGANTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07186172800
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SEBCOVIP HOUSING DEVELOPMENT FUND
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0COMPANY INC
ReturnHeader/Filer/BusinessNameControlTxt0SEBC
ReturnHeader/Filer/EIN0133518596
ReturnHeader/Filer/PhoneNum07186172800
ReturnHeader/Filer/USAddress/AddressLine1Txt0429 BRUCKNER BLVD 2ND FLOOR
ReturnHeader/Filer/USAddress/CityNm0BRONX
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010455
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0132672154
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LIPSKY GOODKIN & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0120 WEST 45TH STREET 7TH FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010036
ReturnHeader/PreparerPersonGrp/PhoneNum02128406444
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MESUG KIM
ReturnHeader/ReturnTs02025-11-12T15:06:34-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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