Civic Intelligence

Fox Street Housing Development Fund Corporation

990 • Fiscal year 2019 • EIN 27-0333073

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

Organization ProfileN/A
885 Bruckner BlvdBronx, NY 10459

(718) 617-2800

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

1.31x

Higher debt load relative to assets than 80% of similar nonprofits.

2019 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

63rd percentile

6.25x

Higher debt load relative to revenue than 63% of similar nonprofits.

2019 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2019

Net Margin

47th percentile

-21%

Higher net margin than 47% of similar nonprofits.

2019 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

100th percentile

$1,076,392

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 271.3% of source-year revenue.

2019 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2019

Asset Growth

21st percentile

-3.9%

Faster asset growth than 21% of similar nonprofits.

2019 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

18th percentile

-11%

Faster revenue growth than 18% of similar nonprofits.

2019 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$1,884,466

Down $76,680 (-3.9%) from 2018

Net Assets

Down

-$593,586

Down $84,671 (-17%) from 2018

Liabilities

Up

$2,478,052

Up $7,991 (+0.3%) from 2018

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin47th percentile

Revenue

Down

$396,763

Down $50,874 (-11%) from 2018

Expenses

Up

$481,434

Up $65,151 (+16%) from 2018

Net Income

Down

-$84,671

Down $116,025 (-370%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2016: $1,875,918Liabilities 2016: $2,473,626Net Assets 2016: -$597,7082016Assets 2017: $1,943,978Liabilities 2017: $2,484,247Net Assets 2017: -$540,2692017Assets 2018: $1,961,146Liabilities 2018: $2,470,061Net Assets 2018: -$508,9152018Assets 2019: $1,884,466Liabilities 2019: $2,478,052Net Assets 2019: -$593,5862019Assets 2020: $1,876,328Liabilities 2020: $2,520,644Net Assets 2020: -$644,3162020Assets 2021: $1,794,601Liabilities 2021: $2,504,078Net Assets 2021: -$709,4772021Assets 2022: $1,768,742Liabilities 2022: $2,487,844Net Assets 2022: -$719,1022022Assets 2023: $1,791,701Liabilities 2023: $2,558,003Net Assets 2023: -$766,3022023Assets 2024: $1,563,879Liabilities 2024: $2,539,555Net Assets 2024: -$975,6762024

Highlighted filing

2019

Assets$1,884,466
Liabilities$2,478,052
Net Assets-$593,586
Open 2019 Filing

Operations Trend

Revenue Growth18th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2016: $470,472Expenses 2016: $436,781Net Income 2016: $33,6912016Revenue 2017: $454,272Expenses 2017: $396,833Net Income 2017: $57,4392017Revenue 2018: $447,637Expenses 2018: $416,283Net Income 2018: $31,3542018Revenue 2019: $396,763Expenses 2019: $481,434Net Income 2019: -$84,6712019Revenue 2020: $394,462Expenses 2020: $445,192Net Income 2020: -$50,7302020Revenue 2021: $411,134Expenses 2021: $476,295Net Income 2021: -$65,1612021Revenue 2022: $427,862Expenses 2022: $437,487Net Income 2022: -$9,6252022Revenue 2023: $411,100Expenses 2023: $458,300Net Income 2023: -$47,2002023Revenue 2024: $442,854Expenses 2024: $652,228Net Income 2024: -$209,3742024

Highlighted filing

2019

Revenue$396,763
Expenses$481,434
Net Income-$84,671
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.0
Gross Receipts
$396,763
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$984,264$896,153▼ $88,111
Cash and Non-Interest-Bearing Accounts$632,597$656,744▲ $24,147
Intangible Assets$55,390$47,156▼ $8,234
Prepaid Expenses and Deferred Charges$22,742$22,574▼ $168
Accounts Receivable$20,368$16,847▼ $3,521
Total Assets$1,961,146$1,884,466▼ $76,680
Other Assets Total$245,785$244,992▼ $793
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,378,024$2,378,024→ $0
Other Liabilities$82,682$89,731▲ $7,049
Accounts Payable and Accrued Expenses$9,355$10,297▲ $942
Total Liabilities$2,470,061$2,478,052▲ $7,991
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-508,915$-593,586▼ $84,671
Total Net Assets Fund Balance$-508,915$-593,586▼ $84,671
Total Liabilities and Net Assets / Fund Balance$1,961,146$1,884,466▼ $76,680

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$878,520$2,790,955$3,669,475
Equipment$17,632$12,168$29,800
Land$1-$1
Other Assets Org$31,675--
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

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

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$389,885
Investment Income
$6,878
Other Revenue
$0
Change in Net Assets
$-84,671

Audited Revenue Reconciliation

Revenue per Audited Statements
$396,763
Total Revenue per Audited Statements
$396,763
Total Revenue per Form 990
$396,763
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$424,095
Salaries, Compensation, and Employee Benefits$57,339
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$96,345--$96,345
Other Salaries and Wages$49,901--$49,901
Fees for Services Management-$30,770-$30,770
Insurance$25,408--$25,408
Interest$22,780--$22,780
Fees for Services Accounting-$10,800-$10,800
All Other Expenses$8,432--$8,432
Payroll Taxes$7,438--$7,438
Other Expenses$6,456--$6,456
Fees for Services Legal$4,733--$4,733
Fees for Services Other$3,101--$3,101
Total Functional Expenses$439,864$41,570$0$481,434

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$481,434
Total Expenses per Audited Statements$481,434
Total Expenses per Form 990$481,434
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/directoMaint. & RepairNo$79,967
-Officer/directoProperty MgtNo$30,770
-Officer/directoSecurityNo$2,808
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposit Payable$42,449
Accrued Expense$40,917
Prepaid Revenue$4,467
Accrued Mortgage Payable$1,898
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Louis r gigante salvatore gigante chairperson chief operat family related”

Form 990, Page 6, Part VI, Line 3

“The organization owns apartment buildings constructed and maintained to provide low income housing. The buildings are managed by building management associates, inc., a real estate property management company, which is owned by an officer and board member of the reporting organization.”

Form 990, Page 6, Part VI, Line 11B

“The organization's 990 is reviewed and approved by the controller and chief operating officer before it is finalized and issued.”

Form 990, Page 6, Part VI, Line 19

“Documents, which are public record, are available from ny secretary of state.”

Filing and Contact Details

Filer

Filer Name
Fox Street Hdfc
EIN
27-0333073
Address
885 BRUCKNER BLVD, BRONX, NY 10459

Signing Officer

Name
Salvatore Gigante
Title
Chief Operating Offi
Signed
2020-11-13

Organization Details

Principal Officer
Salvatore Gigante
Formed
2009
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
3
Employees
1

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.”

Raw XML AppendixShowing 400 of 467 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt09355
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt010297
IRS990/AccountsReceivableGrp/BOYAmt020368
IRS990/AccountsReceivableGrp/EOYAmt016847
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE COMPANY OWNS AND OPERATES LOW INCOME HOUSING IN THE SOUTH BRONX IN ADDITION THE COMPANY PROVIDES SOCIAL SERVICES FOR THE TENANTS.
IRS990/AllOtherExpensesGrp/ProgramServicesAmt08432
IRS990/AllOtherExpensesGrp/TotalAmt08432
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0BUILDING MANAGEMENT
IRS990/BooksInCareOfDetail/PhoneNum07186172800
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0885 BRUCKNER BLVD
IRS990/BooksInCareOfDetail/USAddress/CityNm0BRONX
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010459
IRS990/BusinessRlnWith35CtrlEntInd0true
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0true
IRS990/CashNonInterestBearingGrp/BOYAmt0632597
IRS990/CashNonInterestBearingGrp/EOYAmt0656744
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt06878
IRS990/CYOtherExpensesAmt0424095
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0389885
IRS990/CYRevenuesLessExpensesAmt0-84671
IRS990/CYSalariesCompEmpBnftPaidAmt057339
IRS990/CYTotalExpensesAmt0481434
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0396763
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt096345
IRS990/DepreciationDepletionGrp/TotalAmt096345
IRS990/Desc0THE COMPANY OWNS AND OPERATES LOW INCOME HOUSING IN THE SOUTH BRONX IN ADDITION THE COMPANY PROVIDES SOCIAL SERVICES FOR THE TENANTS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0439864
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt010800
IRS990/FeesForServicesAccountingGrp/TotalAmt010800
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt04733
IRS990/FeesForServicesLegalGrp/TotalAmt04733
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt030770
IRS990/FeesForServicesManagementGrp/TotalAmt030770
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt03101
IRS990/FeesForServicesOtherGrp/TotalAmt03101
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt015.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt335.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0FR LOUIS R GIGANTE
IRS990/Form990PartVIISectionAGrp/PersonNm1SALVATORE GIGANTE
IRS990/Form990PartVIISectionAGrp/PersonNm2CARMEN REYES
IRS990/Form990PartVIISectionAGrp/PersonNm3ENRICO BOCCIA
IRS990/Form990PartVIISectionAGrp/PersonNm4ALEJANDRO ROSADO
IRS990/Form990PartVIISectionAGrp/PersonNm5MIGDALIA MORALES
IRS990/Form990PartVIISectionAGrp/PersonNm6VICTOR PAPA
IRS990/Form990PartVIISectionAGrp/PersonNm7SALVATORE GIGANTE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt01076392
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt21000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt33500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt7287147
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SEC/TREAS/DI
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHIEF OPERAT
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0396763
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt025408
IRS990/InsuranceGrp/TotalAmt025408
IRS990/IntangibleAssetsGrp/BOYAmt055390
IRS990/IntangibleAssetsGrp/EOYAmt047156
IRS990/InterestGrp/ProgramServicesAmt022780
IRS990/InterestGrp/TotalAmt022780
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt06878
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06878
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02803123
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0984264
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0896153
IRS990/LandBldgEquipCostOrOtherBssAmt03699276
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE COMPANY OWNS AND OPERATES LOW INCOME HOUSING IN THE SOUTH BRONX IN ADDITION THE COMPANY PROVIDES SOCIAL SERVICES FOR THE TENANTS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02378024
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02378024
IRS990/NetAssetsOrFundBalancesBOYAmt0-508915
IRS990/NetAssetsOrFundBalancesEOYAmt0-593586
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-508915
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-593586
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0245785
IRS990/OtherAssetsTotalGrp/EOYAmt0244992
IRS990/OtherExpensesGrp/Desc0REPAIR
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2BAD DEBT
IRS990/OtherExpensesGrp/Desc3REAL ESTATE TAX
IRS990/OtherExpensesGrp/ProgramServicesAmt0132277
IRS990/OtherExpensesGrp/ProgramServicesAmt176453
IRS990/OtherExpensesGrp/ProgramServicesAmt26540
IRS990/OtherExpensesGrp/ProgramServicesAmt36456
IRS990/OtherExpensesGrp/TotalAmt0132277
IRS990/OtherExpensesGrp/TotalAmt176453
IRS990/OtherExpensesGrp/TotalAmt26540
IRS990/OtherExpensesGrp/TotalAmt36456
IRS990/OtherLiabilitiesGrp/BOYAmt082682
IRS990/OtherLiabilitiesGrp/EOYAmt089731
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt049901
IRS990/OtherSalariesAndWagesGrp/TotalAmt049901
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt07438
IRS990/PayrollTaxesGrp/TotalAmt07438
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt022742
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt022574
IRS990/PrincipalOfficerNm0SALVATORE GIGANTE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0389885
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0389885
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt06302
IRS990/PYOtherExpensesAmt0376389
IRS990/PYProgramServiceRevenueAmt0441335
IRS990/PYRevenuesLessExpensesAmt031354
IRS990/PYSalariesCompEmpBnftPaidAmt039894
IRS990/PYTotalExpensesAmt0416283
IRS990/PYTotalRevenueAmt0447637
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-84671
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt06878
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt06302
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02686
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01046
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02500
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt019412
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0389885
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0441335
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0451586
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0469426
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0436760
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02188992
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt06878
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt06302
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02686
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01046
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02500
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt019412
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99120
IRS990ScheduleA/PublicSupportPY509Pct00.99320
IRS990ScheduleA/PublicSupportTotal509Amt02188992
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0389885
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0441335
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0451586
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0469426
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0436760
IRS990ScheduleA/Total509Grp/TotalAmt02188992
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0396763
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0447637
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0454272
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0470472
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0439260
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02208404
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0878520
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02790955
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03669475
IRS990ScheduleD/EquipmentGrp/BookValueAmt017632
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012168
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt029800
IRS990ScheduleD/ExpensesSubtotalAmt0481434
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt01
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0170868
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt142449
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt231675
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt042449
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt140917
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt24467
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31898
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSIT PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED EXPENSE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PREPAID REVENUE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED MORTGAGE PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt0396763
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/TotalBookValueLandBuildingsAmt0896153
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0244992
IRS990ScheduleD/TotalExpensesPerForm990Amt0481434
IRS990ScheduleD/TotalLiabilityAmt089731
IRS990ScheduleD/TotalRevenuePerForm990Amt0396763
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0396763
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0481434
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0100000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1287147
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0976392
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0FR LOUIS R GIGANTE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1SALVATORE GIGANTE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHAIRMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CHIEF OPERATING OFFI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt01076392
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1287147
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0BUILDING MANAGEMENT ASSOCIATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1TIFFANY MAINTENANCE CO INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt2SENTRY SECURITY COMPANY INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OFFICER/DIRECTO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1OFFICER/DIRECTO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2OFFICER/DIRECTO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt030770
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt179967
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt22808
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PROPERTY MGT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1MAINT. & REPAIR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2SECURITY
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LOUIS R GIGANTE SALVATORE GIGANTE CHAIRPERSON CHIEF OPERAT FAMILY RELATED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION OWNS APARTMENT BUILDINGS CONSTRUCTED AND MAINTAINED TO PROVIDE LOW INCOME HOUSING. THE BUILDINGS ARE MANAGED BY BUILDING MANAGEMENT ASSOCIATES, INC., A REAL ESTATE PROPERTY MANAGEMENT COMPANY, WHICH IS OWNED BY AN OFFICER AND BOARD MEMBER OF THE REPORTING ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S 990 IS REVIEWED AND APPROVED BY THE CONTROLLER AND CHIEF OPERATING OFFICER BEFORE IT IS FINALIZED AND ISSUED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS, WHICH ARE PUBLIC RECORD, ARE AVAILABLE FROM NY SECRETARY OF STATE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
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
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$1,884,466
Liabilities
$2,478,052
Net assets
-$593,586
Revenue
$396,763
Expenses
$481,434
Net income
-$84,671
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$2.54$0.98$0.44$0.65$0.21
2023Detailed filing. Detailed filing data is available for this year.$1.79$2.56$0.77$0.41$0.46$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.77$2.49$0.72$0.43$0.44$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.79$2.50$0.71$0.41$0.48$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.88$2.52$0.64$0.39$0.45$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.88$2.48$0.59$0.40$0.48$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.96$2.47$0.51$0.45$0.42$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.94$2.48$0.54$0.45$0.40$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.88$2.47$0.60$0.47$0.44$0.03