Civic Intelligence

Filomena Gardens Housing

EIN 13-3975116 • 501(c)3 • Bronx, NY

Profile

Providing housing to the elderly and disable under section 202 of the federal housing act.

429 Bruckner Blvd2nd FloorBronx, NY 10455

www.sebcodevelopment.org

Siviq Scores

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

Liabilities / Assets

98th percentile

2.29x

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

NTEE P • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

10.78x

Higher debt load relative to revenue than 99% of similar nonprofits.

NTEE P • $1M-$5M nonprofits • Source year 2024

Net Margin

4th percentile

-74%

Higher net margin than 4% of similar nonprofits.

NTEE P • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

93rd percentile

$250,490

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 30.2% of source-year revenue.

NTEE P • $1M-$5M nonprofits • Source year 2024

Asset Growth

23rd percentile

-6.7%

Faster asset growth than 23% of similar nonprofits.

NTEE P • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

42nd percentile

2.4%

Faster revenue growth than 42% of similar nonprofits.

NTEE P • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$3,904,801

Down $280,698 (-6.7%) from 2023

Liabilities

Up

$8,953,994

Up $332,316 (+3.9%) from 2023

Net Assets

Down

-$5,049,193

Down $613,014 (-14%) from 2023

Operations
Liabilities / Revenue99th percentileNet Margin4th percentile

Revenue

Up

$830,594

Up $19,748 (+2.4%) from 2023

Expenses

Up

$1,443,608

Up $268,004 (+23%) from 2023

Net Income

Down

-$613,014

Down $248,256 (-68%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth23rd percentile

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

$10M$5.0M$0-$5.0M-$10MAssets 2011: $5,873,416Liabilities 2011: $7,928,731Net Assets 2011: -$2,055,3152011Assets 2012: $5,751,958Liabilities 2012: $7,964,866Net Assets 2012: -$2,212,9082012Assets 2013: $5,615,371Liabilities 2013: $7,736,751Net Assets 2013: -$2,121,3802013Assets 2014: $5,481,762Liabilities 2014: $7,784,067Net Assets 2014: -$2,302,3052014Assets 2015: $5,349,478Liabilities 2015: $7,863,660Net Assets 2015: -$2,514,1822015Assets 2016: $5,207,705Liabilities 2016: $7,870,316Net Assets 2016: -$2,662,6112016Assets 2017: $5,220,172Liabilities 2017: $7,787,841Net Assets 2017: -$2,567,6692017Assets 2018: $5,146,543Liabilities 2018: $7,787,684Net Assets 2018: -$2,641,1412018Assets 2019: $5,304,387Liabilities 2019: $8,213,842Net Assets 2019: -$2,909,4552019Assets 2020: $4,715,526Liabilities 2020: $7,948,006Net Assets 2020: -$3,232,4802020Assets 2021: $4,483,088Liabilities 2021: $8,070,990Net Assets 2021: -$3,587,9022021Assets 2022: $4,302,292Liabilities 2022: $8,373,713Net Assets 2022: -$4,071,4212022Assets 2023: $4,185,499Liabilities 2023: $8,621,678Net Assets 2023: -$4,436,1792023Assets 2024: $3,904,801Liabilities 2024: $8,953,994Net Assets 2024: -$5,049,1932024

Highlighted filing

2024

Assets$3,904,801
Liabilities$8,953,994
Net Assets-$5,049,193
Open 2024 Filing

Operations Trend

Revenue Growth42nd percentile

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

$2.0M$1.0M$0-$1.0MExpenses 2011: $02011Expenses 2012: $02012Revenue 2013: $91,528Expenses 2013: $0Net Income 2013: $91,5282013Revenue 2014: -$180,925Expenses 2014: $0Net Income 2014: -$180,9252014Revenue 2015: -$211,877Expenses 2015: $0Net Income 2015: -$211,8772015Revenue 2016: -$148,429Expenses 2016: $0Net Income 2016: -$148,4292016Revenue 2017: $94,942Expenses 2017: $0Net Income 2017: $94,9422017Revenue 2018: -$73,470Expenses 2018: $0Net Income 2018: -$73,4702018Revenue 2019: -$268,314Expenses 2019: $0Net Income 2019: -$268,3142019Revenue 2020: -$323,027Expenses 2020: $0Net Income 2020: -$323,0272020Revenue 2021: $888,822Expenses 2021: $1,244,244Net Income 2021: -$355,4222021Revenue 2022: $812,756Expenses 2022: $1,296,275Net Income 2022: -$483,5192022Revenue 2023: $810,846Expenses 2023: $1,175,604Net Income 2023: -$364,7582023Revenue 2024: $830,594Expenses 2024: $1,443,608Net Income 2024: -$613,0142024

Highlighted filing

2024

Revenue$830,594
Expenses$1,443,608
Net Income-$613,014
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
$3,904,801
Liabilities
$8,953,994
Net assets
-$5,049,193
Revenue
$830,594
Expenses
$1,443,608
Net income
-$613,014
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.90$8.95$5.05$0.83$1.44$0.61
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.19$8.62$4.44$0.81$1.18$0.36
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.30$8.37$4.07$0.81$1.30$0.48
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.48$8.07$3.59$0.89$1.24$0.36
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.72$7.95$3.23$0.32$0.00$0.32
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.30$8.21$2.91$0.27$0.00$0.27
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.15$7.79$2.64$0.07$0.00$0.07
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.22$7.79$2.57$0.09$0.00$0.09
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.21$7.87$2.66$0.15$0.00$0.15
2015Detailed filing. Detailed filing data is available for this year.$5.35$7.86$2.51$0.21$0.00$0.21
2014Summary only. Only limited summary data is available for this year.$5.48$7.78$2.30$0.18$0.00$0.18
2013Detailed filing. Detailed filing data is available for this year.$5.62$7.74$2.12$0.09$0.00$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.75$7.96$2.21$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.87$7.93$2.06$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 7, 2025
Return Version
2024v5.2
Gross Receipts
$830,594
Mission and Program Overview

Mission

Providing housing to the elderly and disable under section 202 of the federal housing act.

Provide affordable housing for the elderly and handicapped under section 202 of the federal housing act of 1959.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,365,925$3,125,947▼ $239,978
Accounts Receivable$50,282$64,254▲ $13,972
Prepaid Expenses and Deferred Charges$55,628$60,055▲ $4,427
Cash and Non-Interest-Bearing Accounts$120,786$4,867▼ $115,919
Total Assets$4,185,499$3,904,801▼ $280,698
Other Assets Total$592,878$649,678▲ $56,800
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,646,900$7,646,900→ $0
Accounts Payable and Accrued Expenses$528,884$855,058▲ $326,174
Other Liabilities$425,479$425,749▲ $270
Escrow Account Liability$19,411$18,086▼ $1,325
Deferred Revenue$1,004$8,201▲ $7,197
Total Liabilities$8,621,678$8,953,994▲ $332,316
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-4,436,179$-5,049,193▼ $613,014
Total Net Assets Fund Balance$-4,436,179$-5,049,193▼ $613,014
Total Liabilities and Net Assets / Fund Balance$4,185,499$3,904,801▼ $280,698

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,880,667$4,902,517$7,783,184
Land$234,939-$234,939
Equipment$10,341$74,123$84,464
Other Assets Org$119,750--
Compensation and Service Providers
Top Officer Pay93rd percentile

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
$818,441
Investment Income
$12,153
Other Revenue
$0
Change in Net Assets
$-613,014

Audited Revenue Reconciliation

Revenue per Audited Statements
$830,594
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$830,594
Total Revenue per Form 990
$830,594
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,306,592
Salaries, Compensation, and Employee Benefits$137,016
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$239,978--$239,978
Other Expenses$111,988--$111,988
Insurance$106,874--$106,874
Other Salaries and Wages$89,612--$89,612
Fees for Services Management-$72,851-$72,851
All Other Expenses$49,405--$49,405
Other Employee Benefits$38,864--$38,864
Fees for Services Accounting-$21,232-$21,232
Fees for Services Other$11,565--$11,565
Office Expenses$9,354--$9,354
Payroll Taxes$8,540--$8,540
Fees for Services Legal$3,868--$3,868
Total Functional Expenses$1,349,525$94,083$0$1,443,608

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,443,608
Total Expenses per Audited Statements$1,443,608
Total Expenses per Form 990$1,443,608
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 ServicesNo$229,490
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$386,470
Other Payable$39,279
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 operates a housing project for the elderly and handicapped under section 202 of the federal housing act of 1959. During 2023, a real estate property was changed to the wavecrest management team ltd.”

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 is 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 pursuants to the new york state not for profit corporation laws.”

Form 990, Part VI, Section C, Line 19

“Documents, which are public reocrds, are avaialble from the ny secretary of state and provide upon reuqest.”

Filing and Contact Details

Filer

Filer Name
Filomena Gardens Housing
EIN
13-3975116
Phone
3477262547
Address
429 BRUCKNER BLVD2ND FLOOR, BRONX, NY 10455

Signing Officer

Name
Salvatore Gigante
Title
Vice President
Phone
3477262547
Signed
2025-10-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Salvatore Gigante
Formed
1997
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
2
Employees
2
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 478 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
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0528884
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0855058
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IRS990/AccountsReceivableGrp/EOYAmt064254
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959.
IRS990/AllOtherExpensesGrp/ProgramServicesAmt049405
IRS990/AllOtherExpensesGrp/TotalAmt049405
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
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IRS990/BooksInCareOfDetail/PhoneNum07184631200
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt087-14 116TH STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0RICHMOND HILL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
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IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
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IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
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IRS990/Form990PartVIISectionAGrp/PersonNm0ENRICO BOCCIA
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER/SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt3CHIEF EXECUTIVE DIRECT
IRS990/Form990PartVIISectionAGrp/TitleTxt4CONTROLLER
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
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IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherExpensesGrp/Desc0REPAIRS
IRS990/OtherExpensesGrp/Desc1SECURITY
IRS990/OtherExpensesGrp/Desc2REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc3UTILITIES
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IRS990/OtherExpensesGrp/TotalAmt1246715
IRS990/OtherExpensesGrp/TotalAmt2145783
IRS990/OtherExpensesGrp/TotalAmt3111988
IRS990/OtherLiabilitiesGrp/BOYAmt0425479
IRS990/OtherLiabilitiesGrp/EOYAmt0425749
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt089612
IRS990/OtherSalariesAndWagesGrp/TotalAmt089612
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt08540
IRS990/PayrollTaxesGrp/TotalAmt08540
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt055628
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt060055
IRS990/PrincipalOfficerNm0SALVATORE GIGANTE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0818441
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0818441
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt07351
IRS990/PYOtherExpensesAmt01107367
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0803495
IRS990/PYRevenuesLessExpensesAmt0-364758
IRS990/PYSalariesCompEmpBnftPaidAmt068237
IRS990/PYTotalExpensesAmt01175604
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0810846
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-613014
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt09839
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt06560
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt016399
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt012153
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt07351
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt04056
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01354
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02970
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt027884
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt0818441
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0803495
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt0808700
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0877629
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0872664
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt04180929
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt012153
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt07351
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04056
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01354
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02970
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt027884
IRS990ScheduleA/InvestmentIncomeCYPct00.00660
IRS990ScheduleA/InvestmentIncomePYPct00.00500
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99340
IRS990ScheduleA/PublicSupportPY509Pct00.99500
IRS990ScheduleA/PublicSupportTotal509Amt04197328
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0818441
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0803495
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0808700
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0887468
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0879224
IRS990ScheduleA/Total509Grp/TotalAmt04197328
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0830594
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0810846
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0812756
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0888822
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0882194
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04225212
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02880667
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04902517
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07783184
IRS990ScheduleD/EquipmentGrp/BookValueAmt010341
IRS990ScheduleD/EquipmentGrp/DepreciationAmt074123
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt084464
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01443608
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0234939
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0234939
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0498827
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt118086
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt213015
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3119750
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0386470
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt139279
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0830594
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/TotalBookValueLandBuildingsAmt03125947
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0649678
IRS990ScheduleD/TotalExpensesPerForm990Amt01443608
IRS990ScheduleD/TotalLiabilityAmt0425749
IRS990ScheduleD/TotalRevenuePerForm990Amt0830594
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0830594
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01443608
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/TransactionAmt0229490
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SECURITY SERVICES
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION OPERATES A HOUSING PROJECT FOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959. DURING 2023, A REAL ESTATE PROPERTY WAS CHANGED TO THE WAVECREST MANAGEMENT TEAM LTD.
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 IS REVIWED AND APPROVED BY CONTROLLER AND VICE PRESIDENT BEFORE IT IS FINALIZED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CONFLICTS OF INTEREST POLICY IS ENFORCED PURSUANTS TO THE NEW YORK STATE NOT FOR PROFIT CORPORATION LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS, WHICH ARE PUBLIC REOCRDS, ARE AVAIALBLE FROM THE NY SECRETARY OF STATE AND PROVIDE UPON REUQEST.
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/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SEBCO DEVELOPMENT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0132944013
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
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/ZIPCd010459
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0386470
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0SEBCO DEVELOPMENT INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0E
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00

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