Civic Intelligence

Sebco Vip Housing Development Fund Company Inc.

990 • Fiscal year 2019 • EIN 13-3518596

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 08, 2020

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

8th percentile

0.00x

Higher debt load relative to assets than 8% of similar nonprofits.

2019 filings • NTEE L • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

9th percentile

0.06x

Higher debt load relative to revenue than 9% of similar nonprofits.

2019 filings • NTEE L • $5M-$10M nonprofits • Source year 2019

Net Margin

94th percentile

100%

Higher net margin than 94% of similar nonprofits.

2019 filings • NTEE L • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • NTEE L • $5M-$10M nonprofits • Source year 2019

Asset Growth

76th percentile

4.2%

Faster asset growth than 76% of similar nonprofits.

2019 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

40th percentile

0.0%

Faster revenue growth than 40% of similar nonprofits.

2019 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets8th percentile

Assets

Up

$6,458,621

Up $257,914 (+4.2%) from 2018

Net Assets

Up

$6,444,091

Up $257,914 (+4.2%) from 2018

Liabilities

Flat

$14,530

Flat from 2018

Revenue And Expenses
Liabilities / Revenue9th percentileNet Margin94th percentile

Revenue

Flat

$258,190

Flat from 2018

Expenses

Down

$275

Down $888 (-76%) from 2018

Net Income

Up

$257,915

Up $888 (+0.3%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth76th 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

2019

Assets$6,458,621
Liabilities$14,530
Net Assets$6,444,091
Open 2019 Filing

Operations Trend

Revenue Growth40th percentile

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

2019

Revenue$258,190
Expenses$275
Net Income$257,915
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 8, 2020
Return Version
2019v5.0
Gross Receipts
$258,190
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
Investments Other Securities$5,741,633$5,999,823▲ $258,190
Other Notes and Loans Receivable, Net$457,036$457,036→ $0
Cash and Non-Interest-Bearing Accounts$2,037$1,762▼ $275
Total Assets$6,200,706$6,458,621▲ $257,915
Liabilities
Accounts Payable and Accrued Expenses$13,642$13,642→ $0
Other Liabilities$888$888→ $0
Total Liabilities$14,530$14,530→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,186,176$6,444,091▲ $257,915
Total Net Assets Fund Balance$6,186,176$6,444,091▲ $257,915
Total Liabilities and Net Assets / Fund Balance$6,200,706$6,458,621▲ $257,915

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,293,073--
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Fr Louis R GiganteChairperson
Alejandro RosadoDirector
Enrico BocciaDirector
Salvatore GiganteExecutive Vi
Carmen ReyesTreasurer/di
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$258,190
Other Revenue
$0
Change in Net Assets
$257,915
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$275
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
Fees for Services Other-$275-$275
Total Functional Expenses$0$275$0$275
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
Due to Affiliate$888
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Sebco development, inc. Chair parent sebco development, inc. Ex vice pres parent”

Form 990, Page 6, Part VI, Line 6

“The organization is wholly-owned by sebco development, inc. A not-for- profit irc section 501(c)(3) community based organization.”

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 18

“Available as well from the new york state department of law.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Sebcovip Housing Development Fund
EIN
13-3518596
Phone
7186172800
Address
885 BRUCKNER BOULEVARD, BRONX, NY 10459

Signing Officer

Name
Salvatore Gigante
Title
Executive Vice Presi
Phone
7186172800
Signed
2020-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Salvatore Gigante
Formed
1989
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
3
Employees
0

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, Part IX, Line 11G

“Ny state filing fee 0 275 0”

Raw XML Appendix325 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/BOYAmt013642
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt013642
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROVIDE 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
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0BUILDING MANAGEMENT ASSOCIATES INC
IRS990/BooksInCareOfDetail/PhoneNum07186172800
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0885 BRUCKNER BOULEVARD
IRS990/BooksInCareOfDetail/USAddress/CityNm0BRONX
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010459
IRS990/BusinessRlnWith35CtrlEntInd0true
IRS990/BusinessRlnWithFamMemInd0true
IRS990/BusinessRlnWithOrgMemInd0true
IRS990/CashNonInterestBearingGrp/BOYAmt02037
IRS990/CashNonInterestBearingGrp/EOYAmt01762
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0258190
IRS990/CYOtherExpensesAmt0275
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0257915
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0275
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0258190
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0PROVIDED HOUSING FOR 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. THE PROPERTY WAS SOLD FOR ITS FAIR MARKET VALUE AND WITH THE APPROVAL OF THE NEW YORK STATE DEPARTMENT OF LAW ON DECEMBER 30, 2014. PLEASE SEE SCHEDULE A, PART VI FOR FURTHER DETAILS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0275
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0275
IRS990/FeesForServicesOtherGrp/TotalAmt0275
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0ENRICO BOCCIA
IRS990/Form990PartVIISectionAGrp/PersonNm1FR LOUIS R GIGANTE
IRS990/Form990PartVIISectionAGrp/PersonNm2CARMEN REYES
IRS990/Form990PartVIISectionAGrp/PersonNm3ALEJANDRO ROSADO
IRS990/Form990PartVIISectionAGrp/PersonNm4SALVATORE GIGANTE
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/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER/DI
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE VI
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0258190
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0258190
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0258190
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt05741633
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt05999823
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDE 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
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt06186176
IRS990/NetAssetsOrFundBalancesEOYAmt06444091
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt06186176
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06444091
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt0888
IRS990/OtherLiabilitiesGrp/EOYAmt0888
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0457036
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0457036
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0SALVATORE GIGANTE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0258190
IRS990/PYOtherExpensesAmt01163
IRS990/PYRevenuesLessExpensesAmt0257027
IRS990/PYTotalExpensesAmt01163
IRS990/PYTotalRevenueAmt0258190
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0257915
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0259190
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlDecidingGrntFrgnOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgClassDesignatedInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgQualifiedInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportForeignOrgNoDetermInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtExclusivelySec170c2BInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0ACCRUED INTEREST INCOME IS 1,295,073. ON DECEMBER 30, 2014, THE ORGANIZATION SOLD IT AFFRODABLE HOUSING APAPRTMENT HOUSE TO ANOTHER NOT FOR PROFIT HOUSING DEVELOPMENT FUND CORPORATION, PIO/VIP HOUSING DEVELOPMENT FUND CORPORATION (EIN: 47- 1916490) WHICH COMBINED IT WITH ANOTHER SOLD AFFORDABLE HOUSING APARMENT HOUSE. THE SALES WERE DONE TO OBTAIN FINANING TO PROVIDE NEEDED CAPITAL IMPROVMENTNS TO BOTH APARTMENT BUILDINGS. THE SALES WERE APPROVED BY THE UNITED STATES DEPARTMENT OF URBAN DEVELOPMENT, THE NEW YORK CITY DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT AND THE NEW YORK STATE ATTORNEY GENERAL. IT RECEIVED A MORTGAGE NOTE FOR 4,706,750, BEARING INTEREST AT THE RATE OF FIVE PERCENT PER YEAR. THE PRINCIPAL OF THE NOTE IS DUE DECEMBER 30, 2054. THE PRINCIPAL IS NOT AMORTIZED AND DUE IN FULL AT MATURITY. INTEREST IS ACCRUED AND PAYABLE ONLY FROM "AVAILABLE CASH" OF WHICH THERE HAS BEEN NONE. THE MORTGAGE NOTE IS NON-RECOURSE. FURTHER, THIS ORGANIZATION IS PROBIBITED BY THE TERMS OF THE NOTE TO OBTAIN A MONEY JUDGMENT AGAINST PIO/VIOP HOUSING DEVELOPMENT FUND CORPORATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SUPPLEMENTAL INFORMATION
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0259190
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0259190
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0259190
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0259190
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0259190
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01295950
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportPY170Pct00.02940
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0471916490
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0false
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0258190
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0PIOVIP HOUSING DEVELOPMENT
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt0FUND CORPORATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt0258190
IRS990ScheduleA/TotalSupportAmt01295950
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0888
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt04706750
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11293073
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MORTGAGE LOAN
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INTEREST RECEIVABLE
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/TotalBookValueSecuritiesAmt05999823
IRS990ScheduleD/TotalLiabilityAmt0888
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0SEBCO DEVELOPMENT INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1SEBCO DEVELOPMENT INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0CHAIR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1EX VICE PRES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SEBCO DEVELOPMENT, INC. CHAIR PARENT SEBCO DEVELOPMENT, INC. EX VICE PRES PARENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS WHOLLY-OWNED BY SEBCO DEVELOPMENT, INC. A NOT-FOR- PROFIT IRC SECTION 501(C)(3) COMMUNITY BASED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE RETURN IS REVIEWED BY THE CONTROLLER AND THEN BY THE EXECUTIVE VICE PRESIDENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE AS WELL FROM THE NEW YORK STATE DEPARTMENT OF LAW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NY STATE FILING FEE 0 275 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06200706
IRS990/TotalAssetsEOYAmt06458621
IRS990/TotalAssetsGrp/BOYAmt06200706
IRS990/TotalAssetsGrp/EOYAmt06458621
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0275
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0275
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014530
IRS990/TotalLiabilitiesEOYAmt014530
IRS990/TotalLiabilitiesGrp/BOYAmt014530
IRS990/TotalLiabilitiesGrp/EOYAmt014530
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06186176
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06444091
IRS990/TotalProgramServiceExpensesAmt0275
IRS990/TotalRevenueGrp/ExclusionAmt0258190
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0258190
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06200706
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06458621
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0885 BRUCKNER BOULEVARD
IRS990/USAddress/CityNm0BRONX
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010459
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.SEBCODEVELOPMENT.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SALVATORE GIGANTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE VICE PRESI
ReturnHeader/BusinessOfficerGrp/PhoneNum07186172800
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SEBCOVIP HOUSING DEVELOPMENT FUND
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0COMPANY INC
ReturnHeader/Filer/BusinessNameControlTxt0SEBC
ReturnHeader/Filer/EIN0133518596
ReturnHeader/Filer/PhoneNum07186172800
ReturnHeader/Filer/USAddress/AddressLine1Txt0885 BRUCKNER BOULEVARD
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/IPDt02020-11-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm013:41:55
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/PreparationDt02020-11-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0IRWIN SIEGEL CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-11-08T13:41:55-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,458,621
Liabilities
$14,530
Net assets
$6,444,091
Revenue
$258,190
Expenses
$275
Net income
$257,915
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