Civic Intelligence

Hunts Point Housing Development Fund Corporation

990 • Fiscal year 2021 • EIN 13-3574304

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 09, 2022

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

2.60x

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

2021 filings • NTEE L • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

73rd percentile

6.82x

Higher debt load relative to revenue than 73% of similar nonprofits.

2021 filings • NTEE L • $10M-$25M nonprofits • Source year 2021

Net Margin

31st percentile

-6.4%

Higher net margin than 31% of similar nonprofits.

2021 filings • NTEE L • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

93rd percentile

$825,206

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 15.2% of source-year revenue.

2021 filings • NTEE L • $10M-$25M nonprofits • Source year 2021

Asset Growth

12th percentile

-6.0%

Faster asset growth than 12% of similar nonprofits.

2021 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

60th percentile

3.7%

Faster revenue growth than 60% of similar nonprofits.

2021 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets100th percentile

Assets

Down

$14,219,898

Down $908,539 (-6.0%) from 2020

Net Assets

Down

-$22,812,541

Down $385,951 (-1.7%) from 2020

Liabilities

Down

$37,032,439

Down $522,588 (-1.4%) from 2020

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin31st percentile

Revenue

Up

$5,430,136

Up $196,055 (+3.7%) from 2020

Expenses

Up

$5,778,999

Up $45,227 (+0.8%) from 2020

Net Income

Up

-$348,863

Up $150,828 (+30%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth12th 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

2021

Assets$14,219,898
Liabilities$37,032,439
Net Assets-$22,812,541
Open 2021 Filing

Operations Trend

Revenue Growth60th 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

2021

Revenue$5,430,136
Expenses$5,778,999
Net Income-$348,863
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 9, 2022
Return Version
2021v4.0
Gross Receipts
$6,186,430
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
Cash and Non-Interest-Bearing Accounts$5,377,923$5,436,194▲ $58,271
Land, Buildings, and Equipment, Net$5,702,566$4,435,909▼ $1,266,657
Accounts Receivable$652,935$796,612▲ $143,677
Prepaid Expenses and Deferred Charges$472,159$386,325▼ $85,834
Intangible Assets$191,909$174,817▼ $17,092
Total Assets$15,128,437$14,219,898▼ $908,539
Other Assets Total$2,730,945$2,990,041▲ $259,096
Liabilities
Mortgage Notes Payable Secured by Investment Property$35,822,894$35,357,436▼ $465,458
Accounts Payable and Accrued Expenses$1,076,989$1,174,796▲ $97,807
Escrow Account Liability$397,543$389,482▼ $8,061
Unsecured Notes Loans Payable$156,926--
Other Liabilities$100,675$110,725▲ $10,050
Total Liabilities$37,555,027$37,032,439▼ $522,588
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-22,426,590$-22,812,541▼ $385,951
Total Net Assets Fund Balance$-22,426,590$-22,812,541▼ $385,951
Total Liabilities and Net Assets / Fund Balance$15,128,437$14,219,898▼ $908,539

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,786,566$31,827,450$35,614,016
Equipment$649,343$1,664,484$2,313,827
Other Assets Org$13,781--
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleBaseOtherTotal
Salvatore GiganteSecretary/co-$825,206$825,206
Latoya AllenVice Preside-$479,011$479,011
Father Louis GiganteDirector-$100,000$100,000
Jason BoroffDirector$35,022$61,202$96,224
Carmen ReyesTreasurer-$600$600
Enrico BocciaChair-$600$600
Victor PapaDirector-$600$600

Board Members and Trustees

NameTitle
Latoya AllenVice President
Migdalia MoralesDirector
Salvatore GiganteSecretary/COO
Revenue and Support

Revenue Composition

Contributions and Grants
$156,926
Program Service Revenue
$5,224,946
Investment Income
$41,235
Other Revenue
$7,029
Change in Net Assets
$-348,863

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,430,136
Revenue Not Reported on Form 990
$-37,088
Total Revenue per Audited Statements
$5,393,048
Total Revenue per Form 990
$5,430,136
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,947,119
Salaries, Compensation, and Employee Benefits$831,880
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,491,774--$1,491,774
Insurance$618,971--$618,971
Other Salaries and Wages$600,124--$600,124
Fees for Services Management-$400,291-$400,291
Other Expenses$206,724--$206,724
Other Employee Benefits$184,441--$184,441
All Other Expenses$178,366--$178,366
Fees for Services Legal$107,958--$107,958
Payroll Taxes$47,315--$47,315
Fees for Services Other$41,148--$41,148
Interest$39,608--$39,608
Fees for Services Accounting-$19,950-$19,950
Information Technology$15,304--$15,304
Office Expenses$2,305--$2,305
Total Functional Expenses$5,358,758$420,241$0$5,778,999

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,778,999
Total Expenses per Audited Statements$5,778,999
Total Expenses per Form 990$5,778,999
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
Building Management AssociationOfficer/directoPropery MgmtNo$400,291
Tiffany Maintenance Co IncOfficer/directoMaint. & RepairNo$284,641
Sentry SecurityOfficer/directSecurityNo$164,448
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Rent$110,725
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
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Father louis gigante salvatore gigante director secretary/co 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 a board member of the reporting organization.”

Form 990, Page 6, Part VI, Line 6

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

Form 990, Page 6, Part VI, Line 12C

“The conflicts of interest policy is enforced pursuant to the new york state not for profit corporation laws.”

Form 990, Page 6, Part VI, 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
Address
885 BRUCKNER BLVD, BRONX, NY 10459

Signing Officer

Name
Salvatore Gigante
Title
Secretary/COO
Signed
2022-11-09
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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IRS990/OfficeExpensesGrp/TotalAmt02305
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02730945
IRS990/OtherAssetsTotalGrp/EOYAmt02990041
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0184441
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0184441
IRS990/OtherExpensesGrp/Desc0REPAIR & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1UTILITIES & FUEL
IRS990/OtherExpensesGrp/Desc2WATER & SEWER
IRS990/OtherExpensesGrp/Desc3SECURITY
IRS990/OtherExpensesGrp/ProgramServicesAmt0689180
IRS990/OtherExpensesGrp/ProgramServicesAmt1651439
IRS990/OtherExpensesGrp/ProgramServicesAmt2484101
IRS990/OtherExpensesGrp/ProgramServicesAmt3206724
IRS990/OtherExpensesGrp/TotalAmt0689180
IRS990/OtherExpensesGrp/TotalAmt1651439
IRS990/OtherExpensesGrp/TotalAmt2484101
IRS990/OtherExpensesGrp/TotalAmt3206724
IRS990/OtherLiabilitiesGrp/BOYAmt0100675
IRS990/OtherLiabilitiesGrp/EOYAmt0110725
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt07029
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07029
IRS990/OtherRevenueTotalAmt07029
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0600124
IRS990/OtherSalariesAndWagesGrp/TotalAmt0600124
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt047315
IRS990/PayrollTaxesGrp/TotalAmt047315
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0472159
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0386325
IRS990/PrincipalOfficerNm0SALVATORE GIGANTE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0LOW INCOME HOUSING RENTAL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05224946
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05224946
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt069361
IRS990/PYOtherExpensesAmt04945957
IRS990/PYOtherRevenueAmt04098
IRS990/PYProgramServiceRevenueAmt05160622
IRS990/PYRevenuesLessExpensesAmt0-499691
IRS990/PYSalariesCompEmpBnftPaidAmt0787815
IRS990/PYTotalExpensesAmt05733772
IRS990/PYTotalRevenueAmt05234081
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-348863
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 23,757
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0156926
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0156926
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt041235
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt069361
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0110566
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt093391
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt053510
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0368063
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05224946
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt05160622
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt05131046
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt05065134
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt05156922
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt025738670
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt041235
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt069361
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0110566
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt093391
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt053510
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0368063
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt07029
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt04098
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03210
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt05699
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03721
IRS990ScheduleA/OtherIncome509Grp/TotalAmt023757
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98510
IRS990ScheduleA/PublicSupportPY509Pct00.98570
IRS990ScheduleA/PublicSupportTotal509Amt025895596
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt05381872
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt05160622
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt05131046
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt05065134
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt05156922
IRS990ScheduleA/Total509Grp/TotalAmt025895596
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt05430136
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt05234081
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt05244822
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt05164224
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt05214153
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt026287416
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03786566
IRS990ScheduleD/BuildingsGrp/DepreciationAmt031827450
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt035614016
IRS990ScheduleD/EquipmentGrp/BookValueAmt0649343
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01664484
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02313827
IRS990ScheduleD/ExpensesSubtotalAmt05778999
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-37088
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02586778
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1389482
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt213781
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FUNDING RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER RECEIVABLES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0110725
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID RENT
IRS990ScheduleD/RevenueNotReportedAmt0-37088
IRS990ScheduleD/RevenueSubtotalAmt05430136
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/TotalBookValueLandBuildingsAmt04435909
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02990041
IRS990ScheduleD/TotalExpensesPerForm990Amt05778999
IRS990ScheduleD/TotalLiabilityAmt0110725
IRS990ScheduleD/TotalRevenuePerForm990Amt05430136
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05393048
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05778999
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0825206
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1479011
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SALVATORE GIGANTE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1LATOYA ALLEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY/COO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0825206
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1479011
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/TransactionAmt0400291
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1284641
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt2164448
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PROPERY MGMT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1MAINT. & REPAIR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2SECURITY
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FATHER LOUIS GIGANTE SALVATORE GIGANTE DIRECTOR SECRETARY/CO 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 A BOARD MEMBER OF THE REPORTING ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZED WITH ONE MEMBER, SEBCO DEVELOPMENT CO., INC., A NOT FOR PROFIT IRC SECTION 501(C)(3)COMMUNITY BASED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S 990 IS REVIEWED AND APPROVED BY CONTROLLER AND CHIEF OPERATING OFFICER 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, 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 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,219,898
Liabilities
$37,032,439
Net assets
-$22,812,541
Revenue
$5,430,136
Expenses
$5,778,999
Net income
-$348,863
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
2021Detailed filing. Detailed filing data is available for this year.$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