Civic Intelligence

Sebco Vip Housing Development Fund Company Inc.

990 • Fiscal year 2013 • EIN 13-3518596

Jan 01, 2013 to Dec 31, 2013 • Filed on Jul 22, 2014

Organization ProfileWWW.SEBCODEVELOPMENT.ORG
885 Bruckner BoulevardBronx, NY 10459

(718) 617-2800

Siviq Scores

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

Liabilities / Assets

99th percentile

2.97x

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

2013 filings • NTEE L • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2013 filings • NTEE L • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

2013 filings • NTEE L • $1M-$5M nonprofits • Source year 2013

Asset Growth

7th percentile

-10%

Faster asset growth than 7% of similar nonprofits.

2013 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$2,572,944

Down $298,955 (-10%) from 2012

Net Assets

Down

-$5,072,123

Down $139,584 (-2.8%) from 2012

Liabilities

Down

$7,645,067

Down $159,371 (-2.0%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin99th percentile

Revenue

-$139,584

No earlier filing loaded for comparison.

Expenses

Flat

$0

Flat from 2012

Net Income

-$139,584

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$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

2013

Assets$2,572,944
Liabilities$7,645,067
Net Assets-$5,072,123
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2013

Revenue-$139,584
Expenses$0
Net Income-$139,584
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jul 22, 2014
Return Version
2013v3.1
Gross Receipts
$1,520,354
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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,205,406$1,926,599▼ $278,807
Cash and Non-Interest-Bearing Accounts$160,433$92,104▼ $68,329
Accounts Receivable$19,729$21,855▲ $2,126
Prepaid Expenses and Deferred Charges$16,075$15,484▼ $591
Total Assets$2,871,899$2,572,944▼ $298,955
Other Assets Total$470,256$516,902▲ $46,646
Liabilities
Other Liabilities$6,753,739$6,618,937▼ $134,802
Accounts Payable and Accrued Expenses$1,048,445$1,023,876▼ $24,569
Deferred Revenue$2,254$2,254→ $0
Total Liabilities$7,804,438$7,645,067▼ $159,371
Net Assets / Fund Balance
Unrestricted Net Assets$-4,932,539$-5,072,123▼ $139,584
Total Net Assets Fund Balance$-4,932,539$-5,072,123▼ $139,584
Total Liabilities and Net Assets / Fund Balance$2,871,899$2,572,944▼ $298,955

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,880,599$6,195,914$8,076,513
Land$46,000-$46,000
Other Assets Org$5,116--
Compensation and Service Providers
Top Officer Pay54th percentile

Board Members and Trustees

NameTitle
Fr Louis R GiganteChairperson
Alejandro RosadoDirector
Enrico BocciaDirector
Irwin SiegelDirector
Carmen ReyesTreasurer/di
Revenue and Support

Revenue Composition

Contributions and Grants
$56,698
Program Service Revenue
$0
Investment Income
$2,691
Other Revenue
$-198,973
Change in Net Assets
$-139,584

Audited Revenue Reconciliation

Revenue per Audited Statements
$-139,584
Total Revenue per Audited Statements
$-139,584
Total Revenue per Form 990
$-139,584
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Mortgage Payable$6,597,514
TENANTS' SECURITY DEPOSITS (CONTRA)$21,423
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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

“Building management associates, inc chairperson sole shareholder, officer & di tiffany maintenance co., inc. Chairperson director, officer & sole share sentry security co., inc. Chairperson director & officer building management asscoiates, inc exec vice pr officer”

Form 990, Page 6, Part VI, Line 3

“The organization sole purpose is the ownership of an apartment house for the elderly and handicapped built under section 202 of the federal housing act of 1936. The building is manageed by building management associates, inc. Pursuant to a management fee dictated by the department of housing and urban development. The chairperson of the organization is the majority owner of the management company.”

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

“The return is reviewed by the controller and then by the executive vice president”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

EIN
13-3518596
Phone
7186172800

Signing Officer

Name
Salvatore Gigante
Title
Vice President
Phone
7186172800
Signed
2014-07-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Salvatore Gigante
Formed
1989
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
4
Employees
3

Preparer

Preparer
Irwin Siegel CPA
Phone
2124475599
Raw XML Appendix322 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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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine12BUILDING MANAGEMENT ASSOCIATES INC
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BUILDING MANAGEMENT ASSOCIATES, INC CHAIRPERSON SOLE SHAREHOLDER, OFFICER & DI TIFFANY MAINTENANCE CO., INC. CHAIRPERSON DIRECTOR, OFFICER & SOLE SHARE SENTRY SECURITY CO., INC. CHAIRPERSON DIRECTOR & OFFICER BUILDING MANAGEMENT ASSCOIATES, INC EXEC VICE PR OFFICER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION SOLE PURPOSE IS THE OWNERSHIP OF AN APARTMENT HOUSE FOR THE ELDERLY AND HANDICAPPED BUILT UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1936. THE BUILDING IS MANAGEED BY BUILDING MANAGEMENT ASSOCIATES, INC. PURSUANT TO A MANAGEMENT FEE DICTATED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. THE CHAIRPERSON OF THE ORGANIZATION IS THE MAJORITY OWNER OF THE MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE RETURN IS REVIEWED BY THE CONTROLLER AND THEN BY THE EXECUTIVE VICE PRESIDENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
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 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02871899
IRS990/TotalAssetsEOYAmt02572944
IRS990/TotalAssetsGrp/BOYAmt02871899
IRS990/TotalAssetsGrp/EOYAmt02572944
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt056698
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt00
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07804438
IRS990/TotalLiabilitiesEOYAmt07645067
IRS990/TotalLiabilitiesGrp/BOYAmt07804438
IRS990/TotalLiabilitiesGrp/EOYAmt07645067
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-4932539
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-5072123
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-196282
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-139584
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02871899
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02572944
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-4932539
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-5072123
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10885 BRUCKNER BOULEVARD
IRS990/USAddress/City0BRONX
IRS990/USAddress/State0NY
IRS990/USAddress/ZIPCode010459
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.SEBCODEVELOPMENT.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SALVATORE GIGANTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07186172800
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-07-22
ReturnHeader/Filer/BusinessName/BusinessNameLine10SEBCOVIP HOUSING DEVELOPMENT FUND
ReturnHeader/Filer/BusinessName/BusinessNameLine20COMPANY INC
ReturnHeader/Filer/BusinessNameControlTxt0SEBC
ReturnHeader/Filer/EIN0133518596
ReturnHeader/Filer/PhoneNum07186172800
ReturnHeader/Filer/USAddress/AddressLine10885 BRUCKNER BOULEVARD
ReturnHeader/Filer/USAddress/City0BRONX
ReturnHeader/Filer/USAddress/State0NY
ReturnHeader/Filer/USAddress/ZIPCode010459
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0132992528
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10IRWIN SIEGEL CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10900 THIRD AVENUE 17TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0100224792
ReturnHeader/PreparerPersonGrp/PhoneNum02124475599
ReturnHeader/PreparerPersonGrp/PreparationDt02014-07-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0IRWIN SIEGEL CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02014-07-27T18:16:20-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,572,944
Liabilities
$7,645,067
Net assets
-$5,072,123
Revenue
-$139,584
Expenses
$0
Net income
-$139,584
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