Civic Intelligence

Hunts Point Housing Development Fund Corporation

990 • Fiscal year 2018 • EIN 13-3574304

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 05, 2019

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

2.27x

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

2018 filings • NTEE L • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

74th percentile

7.32x

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

2018 filings • NTEE L • $10M-$25M nonprofits • Source year 2018

Net Margin

37th percentile

-1.0%

Higher net margin than 37% of similar nonprofits.

2018 filings • NTEE L • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

87th percentile

$540,800

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 10.5% of source-year revenue.

2018 filings • NTEE L • $10M-$25M nonprofits • Source year 2018

Asset Growth

30th percentile

-2.4%

Faster asset growth than 30% of similar nonprofits.

2018 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

28th percentile

-1.0%

Faster revenue growth than 28% of similar nonprofits.

2018 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets100th percentile

Assets

Down

$16,656,751

Down $409,635 (-2.4%) from 2017

Net Assets

Down

-$21,149,776

Down $92,012 (-0.4%) from 2017

Liabilities

Down

$37,806,527

Down $317,623 (-0.8%) from 2017

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin37th percentile

Revenue

Down

$5,164,224

Down $49,929 (-1.0%) from 2017

Expenses

Up

$5,214,663

Up $254,376 (+5.1%) from 2017

Net Income

Down

-$50,439

Down $304,305 (-120%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth30th 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

2018

Assets$16,656,751
Liabilities$37,806,527
Net Assets-$21,149,776
Open 2018 Filing

Operations Trend

Revenue Growth28th 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

2018

Revenue$5,164,224
Expenses$5,214,663
Net Income-$50,439
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 5, 2019
Return Version
2018v3.1
Gross Receipts
$5,779,224
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$9,595,916$8,255,041▼ $1,340,875
Cash and Non-Interest-Bearing Accounts$4,411,769$5,387,976▲ $976,207
Accounts Receivable$287,945$351,013▲ $63,068
Intangible Assets$243,185$226,093▼ $17,092
Prepaid Expenses and Deferred Charges$514,786$183,267▼ $331,519
Total Assets$17,066,386$16,656,751▼ $409,635
Other Assets Total$2,012,785$2,253,361▲ $240,576
Liabilities
Mortgage Notes Payable Secured by Investment Property$37,209,550$36,748,935▼ $460,615
Accounts Payable and Accrued Expenses$487,962$623,494▲ $135,532
Escrow Account Liability$378,460$375,339▼ $3,121
Other Liabilities$48,178$58,759▲ $10,581
Total Liabilities$38,124,150$37,806,527▼ $317,623
Net Assets / Fund Balance
Unrestricted Net Assets$-21,057,764$-21,149,776▼ $92,012
Total Net Assets Fund Balance$-21,057,764$-21,149,776▼ $92,012
Total Liabilities and Net Assets / Fund Balance$17,066,386$16,656,751▼ $409,635

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,176,828$27,961,543$35,138,371
Equipment$1,078,213$1,098,609$2,176,822
Other Assets Org$17,050--
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleOtherTotal
Salvatore GiganteChief Operat$322,826$322,826
Enrico BocciaDirector$4,550$4,550
Carmen ReyesSec/treas/di$600$600
Alejandro RosadoDirector$600$600
Migdalia MoralesDirector$600$600

Board Members and Trustees

NameTitle
Father Louis GiganteChairman
Salvatore GiganteVice Chair
Salvatore GiganteChief Operating Offi
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,065,134
Investment Income
$93,391
Other Revenue
$5,699
Change in Net Assets
$-50,439

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,164,224
Revenue Not Reported on Form 990
$-41,573
Total Revenue per Audited Statements
$5,122,651
Total Revenue per Form 990
$5,164,224
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,557,926
Salaries, Compensation, and Employee Benefits$656,737
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,488,242--$1,488,242
Other Salaries and Wages$477,217--$477,217
Fees for Services Management$399,667--$399,667
Insurance$367,603--$367,603
Other Expenses$206,333--$206,333
Fees for Services Legal$145,384--$145,384
Other Employee Benefits$139,448--$139,448
All Other Expenses$102,896--$102,896
Interest$43,297--$43,297
Payroll Taxes$40,072--$40,072
Fees for Services Other$25,030--$25,030
Fees for Services Accounting-$17,475-$17,475
Information Technology$13,077--$13,077
Office Expenses$1,218--$1,218
Total Functional Expenses$5,197,188$17,475$0$5,214,663

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,214,663
Total Expenses per Audited Statements$5,214,663
Total Expenses per Form 990$5,214,663
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$598,970
Building Management AssociationOfficer/directoPropery MgmtNo$339,667
Sentry SecurityOfficer/directSecurityNo$163,632
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Rent$58,759
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
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 chief operat 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 chief operating officer 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
Chief Operating Offi
Signed
2019-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Salvatore Gigante
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
3
Employees
14

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

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.”

Raw XML AppendixShowing 400 of 488 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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IRS990/PayrollTaxesGrp/ProgramServicesAmt040072
IRS990/PayrollTaxesGrp/TotalAmt040072
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0514786
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0183267
IRS990/PrincipalOfficerNm0SALVATORE GIGANTE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0LOW INCOME HOUSING RENTAL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05065134
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05065134
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt053510
IRS990/PYOtherExpensesAmt04258979
IRS990/PYOtherRevenueAmt03721
IRS990/PYProgramServiceRevenueAmt05156922
IRS990/PYRevenuesLessExpensesAmt0253866
IRS990/PYSalariesCompEmpBnftPaidAmt0701308
IRS990/PYTotalExpensesAmt04960287
IRS990/PYTotalRevenueAmt05214153
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-50439
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 19,876
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt059000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt077209
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0136209
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt093391
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt053510
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt023476
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt017181
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt08802
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0196360
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05065134
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt05156922
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt05049169
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt04929008
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt04759507
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt024959740
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt093391
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt053510
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt023476
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt017181
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt08802
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0196360
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt05699
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt03721
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03410
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03850
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03196
IRS990ScheduleA/OtherIncome509Grp/TotalAmt019876
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99150
IRS990ScheduleA/PublicSupportPY509Pct00.99490
IRS990ScheduleA/PublicSupportTotal509Amt025095949
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt05065134
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt05156922
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt05049169
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt04988008
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt04836716
IRS990ScheduleA/Total509Grp/TotalAmt025095949
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt05164224
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt05214153
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt05076055
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt05009039
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt04848714
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt025312185
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt07176828
IRS990ScheduleD/BuildingsGrp/DepreciationAmt027961543
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt035138371
IRS990ScheduleD/EquipmentGrp/BookValueAmt01078213
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01098609
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02176822
IRS990ScheduleD/ExpensesSubtotalAmt05214663
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-41573
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01860972
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1375339
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt217050
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FUNDING RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER RECEIVABLES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt058759
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID RENT
IRS990ScheduleD/RevenueNotReportedAmt0-41573
IRS990ScheduleD/RevenueSubtotalAmt05164224
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/TotalBookValueLandBuildingsAmt08255041
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02253361
IRS990ScheduleD/TotalExpensesPerForm990Amt05214663
IRS990ScheduleD/TotalLiabilityAmt058759
IRS990ScheduleD/TotalRevenuePerForm990Amt05164224
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05122651
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05214663
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0100000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1322826
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0440800
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0FATHER LOUIS GIGANTE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1SALVATORE GIGANTE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHAIRMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CHIEF OPERATING OFFI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0540800
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1322826
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/TransactionAmt0339667
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1598970
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt2163632
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PROPERY MGMT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1MAINT. & REPAIR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2SECURITY
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FATHER LOUIS GIGANTE SALVATORE GIGANTE CHAIRPERSON CHIEF OPERAT FAMILY RELATED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/ExplanationTxt2THE ORGANIZATION'S 990 IS REVIEWED AND APPROVED BY CONTROLLER AND CHIEF OPERATING OFFICER BEFORE IT IS FINALIZED AND ISSUED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS, WHICH ARE PUBLIC RECORD, ARE AVAILABLE FROM NY SECRETARY OF STATE.
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
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
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0DEVELOPMEN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0885 BRUCKNER BLVD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BRONX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010459
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,656,751
Liabilities
$37,806,527
Net assets
-$21,149,776
Revenue
$5,164,224
Expenses
$5,214,663
Net income
-$50,439
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
2018Detailed filing. Detailed filing data is available for this year.$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