Civic Intelligence

Hunts Point Housing Development Fund Corporation

990 • Fiscal year 2016 • EIN 13-3574304

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 07, 2017

Organization ProfileN/A
885 Bruckner BlvdBronx, NY 10459

(718) 617-2800

Siviq Scores

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

Liabilities / Assets

100th percentile

2.22x

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

2016 filings • NTEE L • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

74th percentile

7.65x

Higher debt load relative to revenue than 74% of similar nonprofits.

2016 filings • NTEE L • $10M-$25M nonprofits • Source year 2016

Net Margin

32nd percentile

-6.5%

Higher net margin than 32% of similar nonprofits.

2016 filings • NTEE L • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

86th percentile

$490,050

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

2016 filings • NTEE L • $10M-$25M nonprofits • Source year 2016

Asset Growth

26th percentile

-3.3%

Faster asset growth than 26% of similar nonprofits.

2016 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

54th percentile

1.3%

Faster revenue growth than 54% of similar nonprofits.

2016 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets100th percentile

Assets

Down

$17,511,589

Down $598,238 (-3.3%) from 2015

Net Assets

Down

-$21,295,203

Down $319,654 (-1.5%) from 2015

Liabilities

Down

$38,806,792

Down $278,584 (-0.7%) from 2015

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin32nd percentile

Revenue

Up

$5,076,055

Up $66,641 (+1.3%) from 2015

Expenses

Up

$5,405,310

Up $361,692 (+7.2%) from 2015

Net Income

Down

-$329,255

Down $295,051 (-863%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

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

$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

2016

Assets$17,511,589
Liabilities$38,806,792
Net Assets-$21,295,203
Open 2016 Filing

Operations Trend

Revenue Growth54th percentile

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

2016

Revenue$5,076,055
Expenses$5,405,310
Net Income-$329,255
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 7, 2017
Return Version
2016v3.0
Gross Receipts
$5,511,055
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,356,428$11,065,058▼ $1,291,370
Cash and Non-Interest-Bearing Accounts$3,215,908$3,915,547▲ $699,639
Prepaid Expenses and Deferred Charges$416,309$421,521▲ $5,212
Accounts Receivable$307,577$281,214▼ $26,363
Intangible Assets$120,577$260,277▲ $139,700
Total Assets$18,109,827$17,511,589▼ $598,238
Other Assets Total$1,693,028$1,567,972▼ $125,056
Liabilities
Mortgage Notes Payable Secured by Investment Property$37,965,150$37,668,482▼ $296,668
Accounts Payable and Accrued Expenses$692,980$713,708▲ $20,728
Escrow Account Liability$363,217$377,676▲ $14,459
Other Liabilities$64,029$46,926▼ $17,103
Total Liabilities$39,085,376$38,806,792▼ $278,584
Net Assets / Fund Balance
Unrestricted Net Assets$-20,975,549$-21,295,203▼ $319,654
Total Net Assets Fund Balance$-20,975,549$-21,295,203▼ $319,654
Total Liabilities and Net Assets / Fund Balance$18,109,827$17,511,589▼ $598,238

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,594,601$25,413,495$35,008,096
Equipment$1,470,457$706,365$2,176,822
Other Assets Org$13,405--
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleOtherTotal
Enrico BocciaDirector$20,800$20,800
Alejandro RosadoDirector$1,000$1,000
Migdalia MoralesTreasurer$1,000$1,000
Carmen ReyesSecretary$800$800
Louis GaccioneDirector$800$800
Victor PapaDirector$600$600

Board Members and Trustees

NameTitle
Father Louis GiganteChairman
Salvatore GiganteExecutive VP
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,049,169
Investment Income
$23,476
Other Revenue
$3,410
Change in Net Assets
$-329,255

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,076,055
Total Revenue per Audited Statements
$5,076,055
Total Revenue per Form 990
$5,076,055
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,746,055
Salaries, Compensation, and Employee Benefits$659,255
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,471,501--$1,471,501
Other Salaries and Wages$468,164--$468,164
Insurance$463,679--$463,679
Fees for Services Management$397,421--$397,421
All Other Expenses$322,684--$322,684
Other Expenses$151,652--$151,652
Other Employee Benefits$150,175--$150,175
Fees for Services Legal$140,003--$140,003
Interest$45,876--$45,876
Payroll Taxes$40,916--$40,916
Fees for Services Other$25,169--$25,169
Fees for Services Accounting-$15,975-$15,975
Office Expenses$11,676--$11,676
Information Technology$3,443--$3,443
Total Functional Expenses$5,389,335$15,975$0$5,405,310

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,405,310
Total Expenses per Audited Statements$5,405,310
Total Expenses per Form 990$5,405,310
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
Tiffany Maintenance Co IncOfficer/directoMaint. & RepairNo$540,006
Building Management AssociationOfficer/directoPropery MgmtNo$397,421
Sentry SecurityOfficer/directSecurityNo$109,911
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Rent$46,926
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
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
No
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

“Father louis gigante salvatore gigante chairperson vp family related”

Form 990, Page 6, Part VI, Line 3

“The organization owns apartment buildings constructed and maintained to provide low income housing. The buildings are managed by building management associates, inc., a real estate property management company, which is owned by an officer and board member of the reporting organization.”

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

“The organization's 990 is reviewed and approved by controller and president before it is finalized and issued.”

Form 990, Page 6, Part VI, Line 19

“Documents, which are public record, are available from ny secretary of state.”

Filing and Contact Details

Filer

Filer Name
Hunts Point Housing Development
EIN
13-3574304
Address
885 BRUCKNER BLVD, BRONX, NY 10459

Signing Officer

Name
Salvatore Gigante
Title
Executive VP
Signed
2017-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Salvatore Gigante
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
5
Employees
12

Preparer

Firm
A Gary Aaronson CPA Pllc
Address
42 WEST 38TH STREET SUITE 1003, NEW YORK, NY 10018-0060
Preparer
A Gary Aaronson
Phone
2126845770
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“The company constructed low income housing in the south bronx financed with funds from nyc. The company also provides social services for the tenants.”

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

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

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IRS990/OtherExpensesGrp/TotalAmt1535560
IRS990/OtherExpensesGrp/TotalAmt2448668
IRS990/OtherExpensesGrp/TotalAmt3151652
IRS990/OtherLiabilitiesGrp/BOYAmt064029
IRS990/OtherLiabilitiesGrp/EOYAmt046926
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03410
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03410
IRS990/OtherRevenueTotalAmt03410
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0468164
IRS990/OtherSalariesAndWagesGrp/TotalAmt0468164
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt040916
IRS990/PayrollTaxesGrp/TotalAmt040916
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0416309
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0421521
IRS990/PrincipalOfficerNm0SALVATORE GIGANTE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0LOW INCOME HOUSING RENTAL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05049169
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05049169
IRS990/ProgSrvcAccomActyOtherGrp/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/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt059000
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt017556
IRS990/PYOtherExpensesAmt04375720
IRS990/PYOtherRevenueAmt03850
IRS990/PYProgramServiceRevenueAmt04929008
IRS990/PYRevenuesLessExpensesAmt0-34204
IRS990/PYSalariesCompEmpBnftPaidAmt0667898
IRS990/PYTotalExpensesAmt05043618
IRS990/PYTotalRevenueAmt05009414
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-329255
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 577,175
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt059000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt077209
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0136209
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt023476
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt017181
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt08802
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt05232
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0101948
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0156639
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05049169
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt04929008
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt04759507
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt04477230
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt04430258
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt023645172
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt023476
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt017181
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt08802
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt05232
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0101948
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0156639
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt03410
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt03850
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03196
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03422
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0563297
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0577175
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97010
IRS990ScheduleA/PublicSupportPY509Pct00.96610
IRS990ScheduleA/PublicSupportTotal509Amt023781381
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt05049169
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt04988008
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt04836716
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt04477230
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt04430258
IRS990ScheduleA/Total509Grp/TotalAmt023781381
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt05076055
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt05009039
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt04848714
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt04485884
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt05095503
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt024515195
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt09594601
IRS990ScheduleD/BuildingsGrp/DepreciationAmt025413495
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt035008096
IRS990ScheduleD/EquipmentGrp/BookValueAmt01470457
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0706365
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02176822
IRS990ScheduleD/ExpensesSubtotalAmt05405310
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01176891
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1377676
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt213405
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FUNDING RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt046926
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID RENT
IRS990ScheduleD/RevenueSubtotalAmt05076055
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HOLDS SECURITY DEPOSITS FROM TENANTS IN AN ESCROW ACCOUNT. THESE DEPOSITS ARE RETURNED TO THE TENANTS ONCE TENANTS MOVE OUT OF THE APARTMENT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011065058
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01567972
IRS990ScheduleD/TotalExpensesPerForm990Amt05405310
IRS990ScheduleD/TotalLiabilityAmt046926
IRS990ScheduleD/TotalRevenuePerForm990Amt05076055
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05076055
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05405310
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0100000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1238594
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0390050
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0FATHER LOUIS GIGANTE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1SALVATORE GIGANTE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHAIRMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1EXECUTIVE VP
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0490050
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1238594
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0BUILDING MANAGEMENT ASSOCIATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1TIFFANY MAINTENANCE CO INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2SENTRY SECURITY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OFFICER/DIRECTO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1OFFICER/DIRECTO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2OFFICER/DIRECT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0397421
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1540006
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt2109911
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PROPERY MGMT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1MAINT. & REPAIR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2SECURITY
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COMPANY CONSTRUCTED LOW INCOME HOUSING IN THE SOUTH BRONX FINANCED WITH FUNDS FROM NYC. THE COMPANY ALSO PROVIDES SOCIAL SERVICES FOR THE TENANTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FATHER LOUIS GIGANTE SALVATORE GIGANTE CHAIRPERSON VP FAMILY RELATED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION OWNS APARTMENT BUILDINGS CONSTRUCTED AND MAINTAINED TO PROVIDE LOW INCOME HOUSING. THE BUILDINGS ARE MANAGED BY BUILDING MANAGEMENT ASSOCIATES, INC., A REAL ESTATE PROPERTY MANAGEMENT COMPANY, WHICH IS OWNED BY AN OFFICER AND BOARD MEMBER OF THE REPORTING ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S 990 IS REVIEWED AND APPROVED BY CONTROLLER AND PRESIDENT BEFORE IT IS FINALIZED AND ISSUED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS, WHICH ARE PUBLIC RECORD, ARE AVAILABLE FROM NY SECRETARY OF STATE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SEBCO DEVELOPMENT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0132944013
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,511,589
Liabilities
$38,806,792
Net assets
-$21,295,203
Revenue
$5,076,055
Expenses
$5,405,310
Net income
-$329,255
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
2016Detailed filing. Detailed filing data is available for this year.$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