Civic Intelligence

Hunts Point Housing Development Fund Corporation

990 • Fiscal year 2019 • EIN 13-3574304

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

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

2.42x

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

2019 filings • NTEE L • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

74th percentile

7.15x

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

2019 filings • NTEE L • $10M-$25M nonprofits • Source year 2019

Net Margin

20th percentile

-17%

Higher net margin than 20% of similar nonprofits.

2019 filings • NTEE L • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

98th percentile

$1,076,392

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 20.5% of source-year revenue.

2019 filings • NTEE L • $10M-$25M nonprofits • Source year 2019

Asset Growth

8th percentile

-6.9%

Faster asset growth than 8% of similar nonprofits.

2019 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

46th percentile

1.6%

Faster revenue growth than 46% of similar nonprofits.

2019 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets100th percentile

Assets

Down

$15,512,607

Down $1,144,144 (-6.9%) from 2018

Net Assets

Down

-$21,974,305

Down $824,529 (-3.9%) from 2018

Liabilities

Down

$37,486,912

Down $319,615 (-0.8%) from 2018

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin20th percentile

Revenue

Up

$5,244,822

Up $80,598 (+1.6%) from 2018

Expenses

Up

$6,145,729

Up $931,066 (+18%) from 2018

Net Income

Down

-$900,907

Down $850,468 (-1686%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth8th 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

2019

Assets$15,512,607
Liabilities$37,486,912
Net Assets-$21,974,305
Open 2019 Filing

Operations Trend

Revenue Growth46th 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

2019

Revenue$5,244,822
Expenses$6,145,729
Net Income-$900,907
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.0
Gross Receipts
$5,819,822
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$8,255,041$7,177,563▼ $1,077,478
Cash and Non-Interest-Bearing Accounts$5,387,976$5,232,770▼ $155,206
Accounts Receivable$351,013$339,956▼ $11,057
Intangible Assets$226,093$209,001▼ $17,092
Prepaid Expenses and Deferred Charges$183,267$194,893▲ $11,626
Total Assets$16,656,751$15,512,607▼ $1,144,144
Other Assets Total$2,253,361$2,358,424▲ $105,063
Liabilities
Mortgage Notes Payable Secured by Investment Property$36,748,935$36,286,707▼ $462,228
Accounts Payable and Accrued Expenses$623,494$748,032▲ $124,538
Escrow Account Liability$375,339$393,414▲ $18,075
Other Liabilities$58,759$58,759→ $0
Total Liabilities$37,806,527$37,486,912▼ $319,615
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-21,149,776$-21,974,305▼ $824,529
Total Net Assets Fund Balance$-21,149,776$-21,974,305▼ $824,529
Total Liabilities and Net Assets / Fund Balance$16,656,751$15,512,607▼ $1,144,144

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,221,131$29,245,385$35,466,516
Equipment$956,432$1,296,870$2,253,302
Other Assets Org$30,343--
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleOtherTotal
Salvatore GiganteChief Operat$287,147$287,147
Enrico BocciaDirector$3,500$3,500
Carmen ReyesSec/treas/di$1,000$1,000

Board Members and Trustees

NameTitle
Father Louis GiganteChairman
Salvatore GiganteVice Chair
Alejandro RosadoDirector
Migdalia MoralesDirector
Victor PapaDirector
Salvatore GiganteChief Operating Offi
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,131,046
Investment Income
$110,566
Other Revenue
$3,210
Change in Net Assets
$-900,907

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,244,822
Revenue Not Reported on Form 990
$76,378
Total Revenue per Audited Statements
$5,321,200
Total Revenue per Form 990
$5,244,822
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,383,425
Salaries, Compensation, and Employee Benefits$762,304
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,499,195--$1,499,195
Other Salaries and Wages$539,023--$539,023
Fees for Services Management-$404,298-$404,298
Fees for Services Legal$391,008--$391,008
Insurance$369,659--$369,659
Other Expenses$316,717--$316,717
All Other Expenses$196,419--$196,419
Other Employee Benefits$180,082--$180,082
Payroll Taxes$43,199--$43,199
Interest$41,813--$41,813
Fees for Services Accounting-$17,875-$17,875
Fees for Services Other$17,780--$17,780
Information Technology$13,892--$13,892
Office Expenses$1,142--$1,142
Total Functional Expenses$5,723,556$422,173$0$6,145,729

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,145,729
Total Expenses per Audited Statements$6,145,729
Total Expenses per Form 990$6,145,729
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$652,715
Building Management AssociationOfficer/directoPropery MgmtNo$404,298
Sentry SecurityOfficer/directSecurityNo$272,761
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 35% controlled entity
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
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Salvatore Gigante
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
4
Employees
13

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.”

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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/OtherLiabilitiesGrp/EOYAmt058759
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03210
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03210
IRS990/OtherRevenueTotalAmt03210
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0539023
IRS990/OtherSalariesAndWagesGrp/TotalAmt0539023
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt043199
IRS990/PayrollTaxesGrp/TotalAmt043199
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0183267
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0194893
IRS990/PrincipalOfficerNm0SALVATORE GIGANTE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0LOW INCOME HOUSING RENTAL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05131046
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05131046
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt093391
IRS990/PYOtherExpensesAmt04557926
IRS990/PYOtherRevenueAmt05699
IRS990/PYProgramServiceRevenueAmt05065134
IRS990/PYRevenuesLessExpensesAmt0-50439
IRS990/PYSalariesCompEmpBnftPaidAmt0656737
IRS990/PYTotalExpensesAmt05214663
IRS990/PYTotalRevenueAmt05164224
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-900907
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 19,890
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt059000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt059000
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0110566
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt093391
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt053510
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt023476
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt017181
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0298124
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05131046
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt05065134
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt05156922
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt05049169
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt04929008
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt025331279
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0110566
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt093391
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt053510
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt023476
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt017181
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0298124
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt03210
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt05699
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03721
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03410
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03850
IRS990ScheduleA/OtherIncome509Grp/TotalAmt019890
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98760
IRS990ScheduleA/PublicSupportPY509Pct00.99150
IRS990ScheduleA/PublicSupportTotal509Amt025390279
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt05131046
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt05065134
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt05156922
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt05049169
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt04988008
IRS990ScheduleA/Total509Grp/TotalAmt025390279
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt05244822
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt05164224
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt05214153
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt05076055
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt05009039
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt025708293
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt06221131
IRS990ScheduleD/BuildingsGrp/DepreciationAmt029245385
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt035466516
IRS990ScheduleD/EquipmentGrp/BookValueAmt0956432
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01296870
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02253302
IRS990ScheduleD/ExpensesSubtotalAmt06145729
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/NetUnrealizedGainsInvstAmt076378
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01934667
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1393414
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt230343
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FUNDING RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER RECEIVABLES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt058759
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID RENT
IRS990ScheduleD/RevenueNotReportedAmt076378
IRS990ScheduleD/RevenueSubtotalAmt05244822
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/TotalBookValueLandBuildingsAmt07177563
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02358424
IRS990ScheduleD/TotalExpensesPerForm990Amt06145729
IRS990ScheduleD/TotalLiabilityAmt058759
IRS990ScheduleD/TotalRevenuePerForm990Amt05244822
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05321200
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06145729
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0100000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0976392
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt1287147
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0FATHER LOUIS GIGANTE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1SALVATORE GIGANTE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHAIRMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CHIEF OPERATING OFFI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt01076392
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1287147
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/TransactionAmt0404298
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1652715
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt2272761
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

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$15,512,607
Liabilities
$37,486,912
Net assets
-$21,974,305
Revenue
$5,244,822
Expenses
$6,145,729
Net income
-$900,907
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
2019Detailed filing. Detailed filing data is available for this year.$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