Civic Intelligence

Timpson Housing Development Fund Corporation

990 • Fiscal year 2021 • EIN 13-3614970

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

98th percentile

1.45x

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

94th percentile

4.30x

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

33rd percentile

4.3%

Higher net margin than 33% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

98th percentile

$825,206

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 32.4% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

27th percentile

0.9%

Faster asset growth than 27% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

40th percentile

5.4%

Faster revenue growth than 40% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$7,539,222

Up $67,405 (+0.9%) from 2020

Net Assets

Up

-$3,413,647

Up $109,600 (+3.1%) from 2020

Liabilities

Down

$10,952,869

Down $42,195 (-0.4%) from 2020

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin33rd percentile

Revenue

Up

$2,548,819

Up $129,505 (+5.4%) from 2020

Expenses

Up

$2,439,219

Up $166,835 (+7.3%) from 2020

Net Income

Down

$109,600

Down $37,330 (-25%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

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

$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

2021

Assets$7,539,222
Liabilities$10,952,869
Net Assets-$3,413,647
Open 2021 Filing

Operations Trend

Revenue Growth40th percentile

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

2021

Revenue$2,548,819
Expenses$2,439,219
Net Income$109,600
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
$2,548,819
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$3,807,190$3,428,539▼ $378,651
Cash and Non-Interest-Bearing Accounts$1,600,567$1,784,694▲ $184,127
Accounts Receivable$358,153$457,145▲ $98,992
Prepaid Expenses and Deferred Charges$244,125$235,145▼ $8,980
Savings and Temporary Cash Investments$7,670$7,670→ $0
Intangible Assets$8,490$7,595▼ $895
Total Assets$7,471,817$7,539,222▲ $67,405
Other Assets Total$1,445,622$1,618,434▲ $172,812
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,252,588$10,183,139▼ $69,449
Accounts Payable and Accrued Expenses$487,771$518,245▲ $30,474
Escrow Account Liability$171,537$189,948▲ $18,411
Other Liabilities$37,774$61,537▲ $23,763
Unsecured Notes Loans Payable$45,394--
Total Liabilities$10,995,064$10,952,869▼ $42,195
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-3,523,247$-3,413,647▲ $109,600
Total Net Assets Fund Balance$-3,523,247$-3,413,647▲ $109,600
Total Liabilities and Net Assets / Fund Balance$7,471,817$7,539,222▲ $67,405

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,292,615$9,119,441$12,412,056
Equipment$135,924$474,955$610,879
Other Assets Org$189,948--
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleBaseOtherTotal
Salvatore GiganteSecretary/co-$825,206$825,206
Latoya AllenVice Preside-$479,011$479,011
Fr Louis R GiganteDirector-$100,000$100,000
Jason BoroffDirector$9,425$86,799$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
$45,394
Program Service Revenue
$2,498,024
Investment Income
$5,401
Other Revenue
$0
Change in Net Assets
$109,600

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,548,819
Total Revenue per Audited Statements
$2,548,819
Total Revenue per Form 990
$2,548,819
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,128,223
Salaries, Compensation, and Employee Benefits$310,996
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$494,546--$494,546
Insurance$275,241--$275,241
Other Salaries and Wages$215,232--$215,232
Fees for Services Management-$190,560-$190,560
Other Expenses$132,904--$132,904
All Other Expenses$103,216--$103,216
Other Employee Benefits$66,648--$66,648
Fees for Services Legal$50,083--$50,083
Payroll Taxes$29,116--$29,116
Fees for Services Accounting-$15,350-$15,350
Interest$9,477--$9,477
Information Technology$8,220--$8,220
Fees for Services Other$3,140--$3,140
Total Functional Expenses$2,233,309$205,910$0$2,439,219

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,439,219
Total Expenses per Audited Statements$2,439,219
Total Expenses per Form 990$2,439,219
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 Associates IncOfficer/directoProperty MgtNo$190,560
Sentry SecurityOfficer/directSecurityNo$125,259
Tiffany Maintenance Co IncOfficer/directoMaint. & RepairNo$72,255
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Rent$61,537
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

“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 an officer and 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 reviwed 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 records, are avaialble from the ny secretary of state and provide upon request.”

Filing and Contact Details

Filer

Filer Name
Timpson Housing Development Fund
EIN
13-3614970
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
Formed
1991
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
4
Employees
8

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/OtherExpensesGrp/Desc3SECURITY
IRS990/OtherExpensesGrp/ProgramServicesAmt0324136
IRS990/OtherExpensesGrp/ProgramServicesAmt1322085
IRS990/OtherExpensesGrp/ProgramServicesAmt2199265
IRS990/OtherExpensesGrp/ProgramServicesAmt3132904
IRS990/OtherExpensesGrp/TotalAmt0324136
IRS990/OtherExpensesGrp/TotalAmt1322085
IRS990/OtherExpensesGrp/TotalAmt2199265
IRS990/OtherExpensesGrp/TotalAmt3132904
IRS990/OtherLiabilitiesGrp/BOYAmt037774
IRS990/OtherLiabilitiesGrp/EOYAmt061537
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0215232
IRS990/OtherSalariesAndWagesGrp/TotalAmt0215232
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt029116
IRS990/PayrollTaxesGrp/TotalAmt029116
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0244125
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0235145
IRS990/PrincipalOfficerNm0SALVATORE GIGANTE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02498024
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02498024
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt010302
IRS990/PYOtherExpensesAmt02034586
IRS990/PYProgramServiceRevenueAmt02409012
IRS990/PYRevenuesLessExpensesAmt0146930
IRS990/PYSalariesCompEmpBnftPaidAmt0237798
IRS990/PYTotalExpensesAmt02272384
IRS990/PYTotalRevenueAmt02419314
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0109600
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07670
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07670
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt045394
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt045394
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt05401
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt010302
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt023158
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt023034
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt07322
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt069217
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02498024
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02409012
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02561952
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02464013
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02583600
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt012516601
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05401
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt010302
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt023158
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt023034
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt07322
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt069217
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99450
IRS990ScheduleA/PublicSupportPY509Pct00.99480
IRS990ScheduleA/PublicSupportTotal509Amt012561995
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02543418
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02409012
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02561952
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02464013
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02583600
IRS990ScheduleA/Total509Grp/TotalAmt012561995
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02548819
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02419314
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02585110
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02487047
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02590922
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt012631212
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03292615
IRS990ScheduleD/BuildingsGrp/DepreciationAmt09119441
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012412056
IRS990ScheduleD/EquipmentGrp/BookValueAmt0135924
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0474955
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0610879
IRS990ScheduleD/ExpensesSubtotalAmt02439219
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01093976
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1334510
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2189948
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FUNDS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt061537
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID RENT
IRS990ScheduleD/RevenueSubtotalAmt02548819
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/TotalBookValueLandBuildingsAmt03428539
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01618434
IRS990ScheduleD/TotalExpensesPerForm990Amt02439219
IRS990ScheduleD/TotalLiabilityAmt061537
IRS990ScheduleD/TotalRevenuePerForm990Amt02548819
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02548819
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02439219
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 ASSOCIATES INC
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/TransactionAmt0190560
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt172255
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt2125259
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PROPERTY MGT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1MAINT. & REPAIR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2SECURITY
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LOUIS 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 AN OFFICER AND 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 REVIWED 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 RECORDS, ARE AVAIALBLE FROM THE NY SECRETARY OF STATE AND PROVIDE 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
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt0N/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

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$7,539,222
Liabilities
$10,952,869
Net assets
-$3,413,647
Revenue
$2,548,819
Expenses
$2,439,219
Net income
$109,600
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
2021Detailed filing. Detailed filing data is available for this year.$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