Civic Intelligence

Hunts Point Housing Development Corporation

EIN 13-3574304 • 501(c)3 • Bronx, NY

Profile

The company owns and operates low income housing in the south bronx in addition the company provides social services for the tenants.

429 Bruckner Blvd2nd FloorBronx, NY 10455

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

2.76x

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

5.75x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

39th percentile

0.8%

Higher net margin than 39% of similar nonprofits.

501(c)3 • $10M-$25M 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

16th percentile

-5.3%

Faster asset growth than 16% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

64th percentile

14%

Faster revenue growth than 64% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$12,882,614

Down $721,593 (-5.3%) from 2023

Liabilities

Down

$35,576,994

Down $794,749 (-2.2%) from 2023

Net Assets

Up

-$22,694,380

Up $73,156 (+0.3%) from 2023

Operations
Liabilities / Revenue95th percentileNet Margin39th percentile

Revenue

Up

$6,187,512

Up $751,697 (+14%) from 2023

Expenses

Up

$6,138,038

Up $972,129 (+19%) from 2023

Net Income

Down

$49,474

Down $220,432 (-82%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth16th percentile

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

$40M$20M$0-$20M-$40MAssets 2010: $18,609,747Liabilities 2010: $38,088,887Net Assets 2010: -$19,479,1402010Assets 2011: $17,894,203Liabilities 2011: $38,530,578Net Assets 2011: -$20,636,3752011Assets 2012: $17,822,865Liabilities 2012: $38,256,901Net Assets 2012: -$20,434,0362012Assets 2013: $17,906,185Liabilities 2013: $38,876,107Net Assets 2013: -$20,969,9222013Assets 2014: $18,741,351Liabilities 2014: $39,674,778Net Assets 2014: -$20,933,4272014Assets 2015: $18,109,827Liabilities 2015: $39,085,376Net Assets 2015: -$20,975,5492015Assets 2016: $17,511,589Liabilities 2016: $38,806,792Net Assets 2016: -$21,295,2032016Assets 2017: $17,066,386Liabilities 2017: $38,124,150Net Assets 2017: -$21,057,7642017Assets 2018: $16,656,751Liabilities 2018: $37,806,527Net Assets 2018: -$21,149,7762018Assets 2019: $15,512,607Liabilities 2019: $37,486,912Net Assets 2019: -$21,974,3052019Assets 2020: $15,128,437Liabilities 2020: $37,555,027Net Assets 2020: -$22,426,5902020Assets 2021: $14,219,898Liabilities 2021: $37,032,439Net Assets 2021: -$22,812,5412021Assets 2022: $13,578,651Liabilities 2022: $36,642,151Net Assets 2022: -$23,063,5002022Assets 2023: $13,604,207Liabilities 2023: $36,371,743Net Assets 2023: -$22,767,5362023Assets 2024: $12,882,614Liabilities 2024: $35,576,994Net Assets 2024: -$22,694,3802024

Highlighted filing

2024

Assets$12,882,614
Liabilities$35,576,994
Net Assets-$22,694,380
Open 2024 Filing

Operations Trend

Revenue Growth64th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $5,165,6742010Revenue 2011: $4,285,516Expenses 2011: $5,441,606Net Income 2011: -$1,156,0902011Revenue 2012: $5,095,503Expenses 2012: $4,893,164Net Income 2012: $202,3392012Revenue 2013: $4,485,884Expenses 2013: $5,016,082Net Income 2013: -$530,1982013Revenue 2014: $4,849,963Expenses 2014: $4,811,050Net Income 2014: $38,9132014Revenue 2015: $5,009,414Expenses 2015: $5,043,618Net Income 2015: -$34,2042015Revenue 2016: $5,076,055Expenses 2016: $5,405,310Net Income 2016: -$329,2552016Revenue 2017: $5,214,153Expenses 2017: $4,960,287Net Income 2017: $253,8662017Revenue 2018: $5,164,224Expenses 2018: $5,214,663Net Income 2018: -$50,4392018Revenue 2019: $5,244,822Expenses 2019: $6,145,729Net Income 2019: -$900,9072019Revenue 2020: $5,234,081Expenses 2020: $5,733,772Net Income 2020: -$499,6912020Revenue 2021: $5,430,136Expenses 2021: $5,778,999Net Income 2021: -$348,8632021Revenue 2022: $5,322,623Expenses 2022: $5,463,705Net Income 2022: -$141,0822022Revenue 2023: $5,435,815Expenses 2023: $5,165,909Net Income 2023: $269,9062023Revenue 2024: $6,187,512Expenses 2024: $6,138,038Net Income 2024: $49,4742024

Highlighted filing

2024

Revenue$6,187,512
Expenses$6,138,038
Net Income$49,474
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$12,882,614
Liabilities
$35,576,994
Net assets
-$22,694,380
Revenue
$6,187,512
Expenses
$6,138,038
Net income
$49,474
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.9$35.6$22.7$6.19$6.14$0.05
2023Detailed filing. Detailed filing data is available for this year.$13.6$36.4$22.8$5.44$5.17$0.27
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.6$36.6$23.1$5.32$5.46$0.14
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.2$37.0$22.8$5.43$5.78$0.35
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.1$37.6$22.4$5.23$5.73$0.50
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.5$37.5$22.0$5.24$6.15$0.90
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.7$37.8$21.1$5.16$5.21$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.1$38.1$21.1$5.21$4.96$0.25
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.5$38.8$21.3$5.08$5.41$0.33
2015Summary only. Only limited summary data is available for this year.$18.1$39.1$21.0$5.01$5.04$0.03
2014Summary only. Only limited summary data is available for this year.$18.7$39.7$20.9$4.85$4.81$0.04
2013Summary only. Only limited summary data is available for this year.$17.9$38.9$21.0$4.49$5.02$0.53
2012Summary only. Only limited summary data is available for this year.$17.8$38.3$20.4$5.10$4.89$0.20
2011Summary only. Only limited summary data is available for this year.$17.9$38.5$20.6$4.29$5.44$1.16
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.6$38.1$19.5$5.17
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 6, 2025
Return Version
2024v5.2
Gross Receipts
$7,317,181
Mission and Program Overview

Mission

The company owns and operates low income housing in the south bronx in addition the company provides social services for the tenants.

The company owns and operates low income housing in the south bronx in addition the company provides social services for tenants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,223,597$3,641,040▼ $1,582,557
Land, Buildings, and Equipment, Net$3,294,572$3,576,960▲ $282,388
Accounts Receivable$1,168,007$974,398▼ $193,609
Prepaid Expenses and Deferred Charges$295,035$589,382▲ $294,347
Intangible Assets$140,633$123,541▼ $17,092
Total Assets$13,604,207$12,882,614▼ $721,593
Other Assets Total$3,482,363$3,977,293▲ $494,930
Liabilities
Mortgage Notes Payable Secured by Investment Property$34,421,434$33,950,732▼ $470,702
Accounts Payable and Accrued Expenses$1,480,594$1,145,721▼ $334,873
Escrow Account Liability$398,387$423,971▲ $25,584
Other Liabilities$71,328$56,570▼ $14,758
Total Liabilities$36,371,743$35,576,994▼ $794,749
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-22,767,536$-22,694,380▲ $73,156
Total Net Assets Fund Balance$-22,767,536$-22,694,380▲ $73,156
Total Liabilities and Net Assets / Fund Balance$13,604,207$12,882,614▼ $721,593

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,396,152$32,831,564$36,227,716
Equipment$180,808$2,171,379$2,352,187
Other Assets Org$130,000--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleOtherTotal
Sonal ShahController$144,679$144,679
Angela Davis FarrishChief Executive Director$34,615$34,615

Board Members and Trustees

NameTitle
Entrico BocciaChair
Salvatore GiganteVice President
Evelyn VelazquezTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$568,700
Program Service Revenue
$5,399,250
Investment Income
$207,325
Other Revenue
$12,237
All Other Contributions
$568,700
Change in Net Assets
$49,474

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,187,512
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$23,682
Total Revenue per Audited Statements
$6,211,194
Total Revenue per Form 990
$6,187,512
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,185,214
Salaries, Compensation, and Employee Benefits$952,824
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$650,847--$650,847
Insurance$637,454--$637,454
All Other Expenses$542,336--$542,336
Fees for Services Management-$414,525-$414,525
Other Expenses$387,086--$387,086
Depreciation Depletion$348,404--$348,404
Fees for Services Legal$320,640--$320,640
Other Employee Benefits$249,353--$249,353
Interest$63,083--$63,083
Information Technology$59,980--$59,980
Payroll Taxes$52,624--$52,624
Fees for Services Accounting-$20,225-$20,225
Office Expenses$2,861--$2,861
Total Functional Expenses$5,703,288$434,750$0$6,138,038

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,138,038
Total Expenses per Audited Statements$6,138,038
Total Expenses per Form 990$6,138,038
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-AffiliateSecurityNo$239,839
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Rent$56,570
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization owns apartment buildings constructed and maintained to provide low income housing. In 2023, the property management company was changed to sebco development inc.”

Form 990, Part VI, Section A, Line 6

“Organized with one member, sebco development, inc., a not for profit irc section 501(c)(3)community based organization.”

Form 990, Part VI, Section A, Line 7A

“Sebco development inc., the sole member of the organization, has the right to appoint the members to the board of directors.”

Form 990, Part VI, Section B, Line 11B

“The organization's 990 is reviewed and approved by the 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 record, are available from ny secretary of state and upon request.”

Filing and Contact Details

Filer

Filer Name
Hunts Point Housing Development
EIN
13-3574304
Phone
3477262547
Address
429 BRUCKNER BLVD2ND FLOOR, BRONX, NY 10455

Signing Officer

Name
Salvatore Gigante
Title
Vice President
Phone
3477262547
Signed
2025-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Salvatore Gigante
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
2
Employees
16
Volunteers
0

Preparer

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

Financial Statement Notes

PART IV, LINE 2B:

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

Raw XML AppendixShowing 400 of 501 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01480594
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01145721
IRS990/AccountsReceivableGrp/BOYAmt01168007
IRS990/AccountsReceivableGrp/EOYAmt0974398
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE COMPANY OWNS AND OPERATES LOW INCOME HOUSING IN THE SOUTH BRONX IN ADDITION THE COMPANY PROVIDES SOCIAL SERVICES FOR TENANTS.
IRS990/AllOtherContributionsAmt0568700
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0542336
IRS990/AllOtherExpensesGrp/TotalAmt0542336
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SEBCO DEVELOPMENT INC
IRS990/BooksInCareOfDetail/PhoneNum03477262547
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0429 BRUCKNER BLVD 2ND FLOOR
IRS990/BooksInCareOfDetail/USAddress/CityNm0BRONX
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010455
IRS990/BusinessRlnWith35CtrlEntInd01
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt05223597
IRS990/CashNonInterestBearingGrp/EOYAmt03641040
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd01
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0568700
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0207325
IRS990/CYOtherExpensesAmt05185214
IRS990/CYOtherRevenueAmt012237
IRS990/CYProgramServiceRevenueAmt05399250
IRS990/CYRevenuesLessExpensesAmt049474
IRS990/CYSalariesCompEmpBnftPaidAmt0952824
IRS990/CYTotalExpensesAmt06138038
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt06187512
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0348404
IRS990/DepreciationDepletionGrp/TotalAmt0348404
IRS990/Desc0THE COMPANY CONSTRUCTED LOW INCOME HOUSING IN THE SOUTH BRONX FINANCED WITH FUNDS FROM NYC. THE COMPANY ALSO PROVIDES SOCIAL SERVICES FOR THE TENANTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt016
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountLiabilityGrp/BOYAmt0398387
IRS990/EscrowAccountLiabilityGrp/EOYAmt0423971
IRS990/ExpenseAmt05703288
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt020225
IRS990/FeesForServicesAccountingGrp/TotalAmt020225
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0320640
IRS990/FeesForServicesLegalGrp/TotalAmt0320640
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0414525
IRS990/FeesForServicesManagementGrp/TotalAmt0414525
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt039.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt134.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt234.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0ENTRICO BOCCIA
IRS990/Form990PartVIISectionAGrp/PersonNm1EVELYN VELAZQUEZ
IRS990/Form990PartVIISectionAGrp/PersonNm2SALVATORE GIGANTE
IRS990/Form990PartVIISectionAGrp/PersonNm3ANGELA DAVIS FARRISH
IRS990/Form990PartVIISectionAGrp/PersonNm4SONAL SHAH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2250490
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt334615
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4144679
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHIEF EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4CONTROLLER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt020331
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GrossReceiptsAmt07317181
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IRS990/IndependentVotingMemberCnt02
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InformationTechnologyGrp/TotalAmt059980
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IRS990/InterestGrp/TotalAmt063083
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0186994
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IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt03576960
IRS990/LandBldgEquipCostOrOtherBssAmt038579903
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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01129669
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE COMPANY OWNS AND OPERATES LOW INCOME HOUSING IN THE SOUTH BRONX. IN ADDITION THE COMPANY PROVIDES SOCIAL SERVICES FOR THE TENANTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesBOYAmt0-22767536
IRS990/NetAssetsOrFundBalancesEOYAmt0-22694380
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt020331
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt020331
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt023682
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-22767536
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-22694380
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt02861
IRS990/OfficeExpensesGrp/TotalAmt02861
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03482363
IRS990/OtherAssetsTotalGrp/EOYAmt03977293
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0249353
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0249353
IRS990/OtherExpensesGrp/Desc0REPAIR & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1UTILITIES & FUEL
IRS990/OtherExpensesGrp/Desc2WATER & SEWER
IRS990/OtherExpensesGrp/Desc3BAD DEBT
IRS990/OtherExpensesGrp/ProgramServicesAmt01008590
IRS990/OtherExpensesGrp/ProgramServicesAmt1783752
IRS990/OtherExpensesGrp/ProgramServicesAmt2596278
IRS990/OtherExpensesGrp/ProgramServicesAmt3387086
IRS990/OtherExpensesGrp/TotalAmt01008590
IRS990/OtherExpensesGrp/TotalAmt1783752
IRS990/OtherExpensesGrp/TotalAmt2596278
IRS990/OtherExpensesGrp/TotalAmt3387086
IRS990/OtherLiabilitiesGrp/BOYAmt071328
IRS990/OtherLiabilitiesGrp/EOYAmt056570
IRS990/OtherOrganizationDsc0N/A
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt012237
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt012237
IRS990/OtherRevenueTotalAmt012237
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0650847
IRS990/OtherSalariesAndWagesGrp/TotalAmt0650847
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt052624
IRS990/PayrollTaxesGrp/TotalAmt052624
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0295035
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0589382
IRS990/PrincipalOfficerNm0SALVATORE GIGANTE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0LOW INCOME HOUSING RENTAL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05399250
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05399250
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0185196
IRS990/PYOtherExpensesAmt04313448
IRS990/PYOtherRevenueAmt07333
IRS990/PYProgramServiceRevenueAmt05243286
IRS990/PYRevenuesLessExpensesAmt0269906
IRS990/PYSalariesCompEmpBnftPaidAmt0852461
IRS990/PYTotalExpensesAmt05165909
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05435815
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt049474
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0568700
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0156926
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0725626
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0207325
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0185196
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt085371
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt041235
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt069361
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0588488
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05399250
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt05243286
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt05232225
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt05224946
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt05160622
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt026260329
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0207325
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0185196
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt085371
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt041235
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt069361
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0588488
IRS990ScheduleA/InvestmentIncomeCYPct00.02130
IRS990ScheduleA/InvestmentIncomePYPct00.02000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt012237
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt07333
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt05027
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt07029
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt04098
IRS990ScheduleA/OtherIncome509Grp/TotalAmt035724
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97740
IRS990ScheduleA/PublicSupportPY509Pct00.98060
IRS990ScheduleA/PublicSupportTotal509Amt026985955
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt05967950
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt05243286
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt05232225
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt05381872
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt05160622
IRS990ScheduleA/Total509Grp/TotalAmt026985955
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt06187512
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt05435815
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt05322623
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt05430136
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt05234081
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt027610167
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03396152
IRS990ScheduleD/BuildingsGrp/DepreciationAmt032831564
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt036227716
IRS990ScheduleD/EquipmentGrp/BookValueAmt0180808
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02171379
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02352187
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06138038
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/NetUnrealizedGainsInvstAmt023682
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0423971
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13270458
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2152864
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3130000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1FUNDING RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER RECEIVABLES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3CONSTRUCTION IN PROCESS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt056570
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID RENT
IRS990ScheduleD/RevenueNotReportedAmt023682
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06187512
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HOLDS SECURITY DEPOSITS FROM TENANTS IN AN ESCROW ACCOUNT. THESE DEPOSITS ARE RETURNED TO THE TENANT ONCE TENANTS MOVE OUT OF THE APARTMENT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03576960
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03977293
IRS990ScheduleD/TotalExpensesPerForm990Amt06138038
IRS990ScheduleD/TotalLiabilityAmt056570
IRS990ScheduleD/TotalRevenuePerForm990Amt06187512
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06211194
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06138038
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0250490
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SALVATORE GIGANTE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0250490
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0SENTRY SECURITY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0AFFILIATE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0239839
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SECURITY
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION OWNS APARTMENT BUILDINGS CONSTRUCTED AND MAINTAINED TO PROVIDE LOW INCOME HOUSING. IN 2023, THE PROPERTY MANAGEMENT COMPANY WAS CHANGED TO SEBCO DEVELOPMENT INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZED WITH ONE MEMBER, SEBCO DEVELOPMENT, INC., A NOT FOR PROFIT IRC SECTION 501(C)(3)COMMUNITY BASED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SEBCO DEVELOPMENT INC., THE SOLE MEMBER OF THE ORGANIZATION, HAS THE RIGHT TO APPOINT THE MEMBERS TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S 990 IS REVIEWED AND APPROVED BY THE CONTROLLER AND VICE PRESIDENT BEFORE IT IS FINALIZED AND FILED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CONFLICTS OF INTEREST POLICY IS ENFORCED PURSUANT TO THE NEW YORK STATE NOT FOR PROFIT CORPORATION LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS, WHICH ARE PUBLIC RECORD, ARE AVAILABLE FROM NY SECRETARY OF STATE AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SEBCO DEVELOPMENT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0132944013
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0885 BRUCKNER BLVD

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