Civic Intelligence

Timpson Housing Development Fund Corporation

EIN 13-3614970 • 501(c)3 • Bronx, NY

Profile

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

429 Bruckner Blvd 2nd FloorBronx, NY 10455

n/A

Siviq Scores

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

Liabilities / Assets

98th percentile

1.72x

Higher debt load relative to assets than 98% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

4.03x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

10th percentile

-29%

Higher net margin than 10% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

9th percentile

-13%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

38th percentile

1.8%

Faster revenue growth than 38% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$6,126,850

Down $922,347 (-13%) from 2023

Liabilities

Down

$10,567,861

Down $148,157 (-1.4%) from 2023

Net Assets

Down

-$4,441,011

Down $774,190 (-21%) from 2023

Operations
Liabilities / Revenue94th percentileNet Margin10th percentile

Revenue

Up

$2,624,916

Up $45,212 (+1.8%) from 2023

Expenses

Up

$3,399,106

Up $710,166 (+26%) from 2023

Net Income

Down

-$774,190

Down $664,954 (-609%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth9th percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2010: $7,418,644Liabilities 2010: $11,262,706Net Assets 2010: -$3,844,0622010Assets 2011: $7,369,861Liabilities 2011: $11,443,749Net Assets 2011: -$4,073,8882011Assets 2012: $8,066,785Liabilities 2012: $11,320,497Net Assets 2012: -$3,253,7122012Assets 2013: $8,120,594Liabilities 2013: $11,421,416Net Assets 2013: -$3,300,8222013Assets 2014: $7,932,115Liabilities 2014: $11,251,403Net Assets 2014: -$3,319,2882014Assets 2015: $7,927,372Liabilities 2015: $11,221,020Net Assets 2015: -$3,293,6482015Assets 2016: $7,833,505Liabilities 2016: $11,150,460Net Assets 2016: -$3,316,9552016Assets 2017: $7,729,376Liabilities 2017: $11,024,552Net Assets 2017: -$3,295,1762017Assets 2018: $7,457,850Liabilities 2018: $10,920,306Net Assets 2018: -$3,462,4562018Assets 2019: $7,265,212Liabilities 2019: $10,935,389Net Assets 2019: -$3,670,1772019Assets 2020: $7,471,817Liabilities 2020: $10,995,064Net Assets 2020: -$3,523,2472020Assets 2021: $7,539,222Liabilities 2021: $10,952,869Net Assets 2021: -$3,413,6472021Assets 2022: $7,010,566Liabilities 2022: $10,568,151Net Assets 2022: -$3,557,5852022Assets 2023: $7,049,197Liabilities 2023: $10,716,018Net Assets 2023: -$3,666,8212023Assets 2024: $6,126,850Liabilities 2024: $10,567,861Net Assets 2024: -$4,441,0112024

Highlighted filing

2024

Assets$6,126,850
Liabilities$10,567,861
Net Assets-$4,441,011
Open 2024 Filing

Operations Trend

Revenue Growth38th percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2010: $1,939,757Expenses 2010: $2,048,050Net Income 2010: -$108,2932010Revenue 2011: $1,977,280Expenses 2011: $2,207,106Net Income 2011: -$229,8262011Revenue 2012: $2,911,503Expenses 2012: $2,091,327Net Income 2012: $820,1762012Revenue 2013: $2,338,687Expenses 2013: $2,385,797Net Income 2013: -$47,1102013Revenue 2014: $2,345,367Expenses 2014: $2,363,833Net Income 2014: -$18,4662014Revenue 2015: $2,448,026Expenses 2015: $2,422,386Net Income 2015: $25,6402015Revenue 2016: $2,502,055Expenses 2016: $2,525,362Net Income 2016: -$23,3072016Revenue 2017: $2,590,922Expenses 2017: $2,569,143Net Income 2017: $21,7792017Revenue 2018: $2,487,047Expenses 2018: $2,654,327Net Income 2018: -$167,2802018Revenue 2019: $2,585,110Expenses 2019: $2,792,831Net Income 2019: -$207,7212019Revenue 2020: $2,419,314Expenses 2020: $2,272,384Net Income 2020: $146,9302020Revenue 2021: $2,548,819Expenses 2021: $2,439,219Net Income 2021: $109,6002021Revenue 2022: $2,600,012Expenses 2022: $2,743,950Net Income 2022: -$143,9382022Revenue 2023: $2,579,704Expenses 2023: $2,688,940Net Income 2023: -$109,2362023Revenue 2024: $2,624,916Expenses 2024: $3,399,106Net Income 2024: -$774,1902024

Highlighted filing

2024

Revenue$2,624,916
Expenses$3,399,106
Net Income-$774,190
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$6,126,850
Liabilities
$10,567,861
Net assets
-$4,441,011
Revenue
$2,624,916
Expenses
$3,399,106
Net income
-$774,190
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.13$10.6$4.44$2.62$3.40$0.77
2023Detailed filing. Detailed filing data is available for this year.$7.05$10.7$3.67$2.58$2.69$0.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.01$10.6$3.56$2.60$2.74$0.14
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.54$11.0$3.41$2.55$2.44$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.47$11.0$3.52$2.42$2.27$0.15
2019Summary only. Only limited summary data is available for this year.$7.27$10.9$3.67$2.59$2.79$0.21
2018Summary only. Only limited summary data is available for this year.$7.46$10.9$3.46$2.49$2.65$0.17
2017Summary only. Only limited summary data is available for this year.$7.73$11.0$3.30$2.59$2.57$0.02
2016Summary only. Only limited summary data is available for this year.$7.83$11.2$3.32$2.50$2.53$0.02
2015Summary only. Only limited summary data is available for this year.$7.93$11.2$3.29$2.45$2.42$0.03
2014Summary only. Only limited summary data is available for this year.$7.93$11.3$3.32$2.35$2.36$0.02
2013Summary only. Only limited summary data is available for this year.$8.12$11.4$3.30$2.34$2.39$0.05
2012Summary only. Only limited summary data is available for this year.$8.07$11.3$3.25$2.91$2.09$0.82
2011Summary only. Only limited summary data is available for this year.$7.37$11.4$4.07$1.98$2.21$0.23
2010Summary only. Only limited summary data is available for this year.$7.42$11.3$3.84$1.94$2.05$0.11
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 6, 2025
Return Version
2024v5.2
Gross Receipts
$2,624,916
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,869,396$2,386,454▼ $482,942
Cash and Non-Interest-Bearing Accounts$1,388,797$1,132,371▼ $256,426
Accounts Receivable$698,950$489,557▼ $209,393
Prepaid Expenses and Deferred Charges$191,743$314,875▲ $123,132
Savings and Temporary Cash Investments$7,673$7,673→ $0
Intangible Assets$5,805$4,910▼ $895
Total Assets$7,049,197$6,126,850▼ $922,347
Other Assets Total$1,886,833$1,791,010▼ $95,823
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,040,386$9,966,515▼ $73,871
Accounts Payable and Accrued Expenses$429,369$341,707▼ $87,662
Escrow Account Liability$194,042$202,539▲ $8,497
Other Liabilities$52,221$57,100▲ $4,879
Total Liabilities$10,716,018$10,567,861▼ $148,157
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-3,666,821$-4,441,011▼ $774,190
Total Net Assets Fund Balance$-3,666,821$-4,441,011▼ $774,190
Total Liabilities and Net Assets / Fund Balance$7,049,197$6,126,850▼ $922,347

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,305,845$10,507,810$12,813,655
Equipment$80,609$530,270$610,879
Other Assets Org$131,023--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

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

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,615,427
Investment Income
$9,489
Other Revenue
$0
Change in Net Assets
$-774,190

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,624,916
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,624,916
Total Revenue per Form 990
$2,624,916
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,808,549
Salaries, Compensation, and Employee Benefits$590,557
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$482,942--$482,942
Other Salaries and Wages$382,315--$382,315
All Other Expenses$298,771--$298,771
Insurance$287,087--$287,087
Other Expenses$223,084--$223,084
Fees for Services Management-$204,502-$204,502
Other Employee Benefits$164,853--$164,853
Fees for Services Other$95,546--$95,546
Fees for Services Legal$64,972--$64,972
Payroll Taxes$43,389--$43,389
Information Technology$28,743--$28,743
Interest$22,975--$22,975
Fees for Services Accounting-$15,475-$15,475
Total Functional Expenses$3,179,129$219,977$0$3,399,106

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,399,106
Total Expenses per Audited Statements$3,399,106
Total Expenses per Form 990$3,399,106
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Officer/directorSecurity ServiceNo$75,122
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Rent$57,100
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 3

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

Form 990, Part VI, Section A, Line 6

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

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

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

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

“The organization's 990 reviwed and approved by controller and vice president before it is finalized and filed.”

Form 990, Part VI, Section B, Line 12C

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

Form 990, Part VI, Section C, Line 19

“Documents,which are public records, are available from the ny secretary of state and provide upon request.”

Filing and Contact Details

Filer

Filer Name
Timpson Housing Development Fund
EIN
13-3614970
Phone
3477262547
Address
429 BRUCKNER BLVD 2ND FLOOR, BRONX, NY 10455

Signing Officer

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

Organization Details

Principal Officer
Salvatore Gigante
Formed
1991
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
2
Employees
10
Volunteers
0

Preparer

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

Financial Statement Notes

PART IV, LINE 2B:

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

Raw XML AppendixShowing 400 of 476 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/ActivitiesConductedPrtshpInd00
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IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHIEF EXECUTIVE DIRECT
IRS990/Form990PartVIISectionAGrp/TitleTxt4CONTROLLER
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0164853
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0164853
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1UTILITIES AND FUEL
IRS990/OtherExpensesGrp/Desc2BAD DEBTS
IRS990/OtherExpensesGrp/Desc3WATER AND SEWER
IRS990/OtherExpensesGrp/ProgramServicesAmt0431531
IRS990/OtherExpensesGrp/ProgramServicesAmt1389515
IRS990/OtherExpensesGrp/ProgramServicesAmt2263406
IRS990/OtherExpensesGrp/ProgramServicesAmt3223084
IRS990/OtherExpensesGrp/TotalAmt0431531
IRS990/OtherExpensesGrp/TotalAmt1389515
IRS990/OtherExpensesGrp/TotalAmt2263406
IRS990/OtherExpensesGrp/TotalAmt3223084
IRS990/OtherLiabilitiesGrp/BOYAmt052221
IRS990/OtherLiabilitiesGrp/EOYAmt057100
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0382315
IRS990/OtherSalariesAndWagesGrp/TotalAmt0382315
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt043389
IRS990/PayrollTaxesGrp/TotalAmt043389
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0191743
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0314875
IRS990/PrincipalOfficerNm0SALVATORE GIGANTE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02615427
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02615427
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt07769
IRS990/PYOtherExpensesAmt02284890
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02571935
IRS990/PYRevenuesLessExpensesAmt0-109236
IRS990/PYSalariesCompEmpBnftPaidAmt0404050
IRS990/PYTotalExpensesAmt02688940
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02579704
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-774190
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07673
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07673
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt045394
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt045394
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt09489
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt07769
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt017336
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt05401
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt010302
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt050297
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02615427
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02571935
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02582676
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02498024
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02409012
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt012677074
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt09489
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt07769
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt017336
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt05401
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt010302
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt050297
IRS990ScheduleA/InvestmentIncomeCYPct00.00390
IRS990ScheduleA/InvestmentIncomePYPct00.00500
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99610
IRS990ScheduleA/PublicSupportPY509Pct00.99500
IRS990ScheduleA/PublicSupportTotal509Amt012722468
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02615427
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02571935
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02582676
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02543418
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02409012
IRS990ScheduleA/Total509Grp/TotalAmt012722468
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02624916
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02579704
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02600012
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02548819
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02419314
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt012772765
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02305845
IRS990ScheduleD/BuildingsGrp/DepreciationAmt010507810
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012813655
IRS990ScheduleD/EquipmentGrp/BookValueAmt080609
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0530270
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0610879
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03399106
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0202539
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1357235
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21100213
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3131023
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESERVE FUNDS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OTHER RECEIVABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt057100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID RENT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02624916
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/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02386454
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01791010
IRS990ScheduleD/TotalExpensesPerForm990Amt03399106
IRS990ScheduleD/TotalLiabilityAmt057100
IRS990ScheduleD/TotalRevenuePerForm990Amt02624916
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02624916
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03399106
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0250490
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SALVATORE GIGANTE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0250490
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0SENTRY SECURITY COMPANY INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OFFICER/DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt075122
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SECURITY SERVICE
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION OWNS APARTMENT BUILDINGS CONSTRUCTED AND MAINTAINED TO PROVIDE LOW INCOME HOUSING. IN 2023, THE PROPERTY MANAGEMENT COMPANY WAS CHANGED TO SEBCO DEVELOPMENT INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZED WITH ONE MEMBER, SEBCO DEVELOPMENT, INC., A NOT FOR PROFIT IRC SECTION 501(C)(3)COMMUNITY BASED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SEBCO DEVELOPMENT, INC., THE SOLE MEMBER OF THE ORGANIZATION, HAS THE RIGHT TO APPOINT THE MEMBERS TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S 990 REVIWED AND APPROVED BY CONTROLLER AND VICE PRESIDENT BEFORE IT IS FINALIZED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CONFLICTS OF INTEREST POLICY IS ENFORCED PURSUANT TO THE NEW YORK STATE NOT FOR PROFIT CORPORATION LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS,WHICH ARE PUBLIC RECORDS, ARE AVAILABLE FROM THE NY SECRETARY OF STATE AND PROVIDE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SEBCO DEVELOPMENT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0132944013
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0429 BRUCKNER BLVD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BRONX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010455
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0204502
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0SEBCO DEVELOPMENT INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00

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