Civic Intelligence

Fox Street Housing Development Fund Corporation

990 • Fiscal year 2021 • EIN 27-0333073

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

84th percentile

1.40x

Higher debt load relative to assets than 84% of similar nonprofits.

2021 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

65th percentile

6.09x

Higher debt load relative to revenue than 65% of similar nonprofits.

2021 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2021

Net Margin

51st percentile

-16%

Higher net margin than 51% of similar nonprofits.

2021 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

97th percentile

$825,206

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 200.7% of source-year revenue.

2021 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2021

Asset Growth

24th percentile

-4.4%

Faster asset growth than 24% of similar nonprofits.

2021 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

64th percentile

4.2%

Faster revenue growth than 64% of similar nonprofits.

2021 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$1,794,601

Down $81,727 (-4.4%) from 2020

Net Assets

Down

-$709,477

Down $65,161 (-10%) from 2020

Liabilities

Down

$2,504,078

Down $16,566 (-0.7%) from 2020

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin51st percentile

Revenue

Up

$411,134

Up $16,672 (+4.2%) from 2020

Expenses

Up

$476,295

Up $31,103 (+7.0%) from 2020

Net Income

Down

-$65,161

Down $14,431 (-28%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth24th 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

2021

Assets$1,794,601
Liabilities$2,504,078
Net Assets-$709,477
Open 2021 Filing

Operations Trend

Revenue Growth64th 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

2021

Revenue$411,134
Expenses$476,295
Net Income-$65,161
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
$411,134
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$823,297$742,008▼ $81,289
Cash and Non-Interest-Bearing Accounts$654,226$649,805▼ $4,421
Accounts Receivable$42,807$73,178▲ $30,371
Prepaid Expenses and Deferred Charges$71,272$50,827▼ $20,445
Intangible Assets$40,318$33,723▼ $6,595
Total Assets$1,876,328$1,794,601▼ $81,727
Other Assets Total$244,408$245,060▲ $652
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,378,024$2,378,024→ $0
Other Liabilities$129,045$99,072▼ $29,973
Accounts Payable and Accrued Expenses$9,859$26,982▲ $17,123
Unsecured Notes Loans Payable$3,716--
Total Liabilities$2,520,644$2,504,078▼ $16,566
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-644,316$-709,477▼ $65,161
Total Net Assets Fund Balance$-644,316$-709,477▼ $65,161
Total Liabilities and Net Assets / Fund Balance$1,876,328$1,794,601▼ $81,727

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$722,285$2,947,190$3,669,475
Equipment$19,722$21,578$41,300
Land$1-$1
Other Assets Org$26,568--
Compensation and Service Providers
Top Officer Pay97th 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$2,324$93,900$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
$3,716
Program Service Revenue
$404,975
Investment Income
$2,443
Other Revenue
$0
Change in Net Assets
$-65,161

Audited Revenue Reconciliation

Revenue per Audited Statements
$411,134
Total Revenue per Audited Statements
$411,134
Total Revenue per Form 990
$411,134
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$399,726
Salaries, Compensation, and Employee Benefits$76,569
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$87,883--$87,883
Other Salaries and Wages$66,132--$66,132
Insurance$50,654--$50,654
Fees for Services Management-$30,924-$30,924
Interest$22,780--$22,780
Fees for Services Accounting-$13,025-$13,025
Payroll Taxes$10,437--$10,437
Other Expenses$6,523--$6,523
All Other Expenses$4,700--$4,700
Fees for Services Legal$1,959--$1,959
Fees for Services Other$992--$992
Total Functional Expenses$432,346$43,949$0$476,295

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$476,295
Total Expenses per Audited Statements$476,295
Total Expenses per Form 990$476,295
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$31,282
-Officer/directoProperty MgtNo$30,924
-Officer/directoSecurity ServicesNo$2,808
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposit Payable$45,068
Accrued Expense$42,002
Prepaid Revenue$10,104
Accrued Mortgage Interest Payable$1,898
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 r gigante salvatore gigante director secretary/co family related”

Form 990, Page 6, Part VI, Line 3

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

Form 990, Page 6, Part VI, Line 6

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

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

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

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

“PROVIDE UPON REQUEST.”

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
Secretary/COO
Signed
2022-11-09

Organization Details

Principal Officer
Salvatore Gigante
Formed
2009
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
4
Employees
2

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 481 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/BOYAmt09859
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt026982
IRS990/AccountsReceivableGrp/BOYAmt042807
IRS990/AccountsReceivableGrp/EOYAmt073178
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/ProgramServicesAmt04700
IRS990/AllOtherExpensesGrp/TotalAmt04700
IRS990/AnnualDisclosureCoveredPrsnInd0true
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/BOYAmt0654226
IRS990/CashNonInterestBearingGrp/EOYAmt0649805
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt03716
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt02443
IRS990/CYOtherExpensesAmt0399726
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0404975
IRS990/CYRevenuesLessExpensesAmt0-65161
IRS990/CYSalariesCompEmpBnftPaidAmt076569
IRS990/CYTotalExpensesAmt0476295
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0411134
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt087883
IRS990/DepreciationDepletionGrp/TotalAmt087883
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/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0432346
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt013025
IRS990/FeesForServicesAccountingGrp/TotalAmt013025
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt01959
IRS990/FeesForServicesLegalGrp/TotalAmt01959
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt030924
IRS990/FeesForServicesManagementGrp/TotalAmt030924
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0992
IRS990/FeesForServicesOtherGrp/TotalAmt0992
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.80
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.80
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt250.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.80
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.05
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.05
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.05
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
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/PersonNm0ENRICO BOCCIA
IRS990/Form990PartVIISectionAGrp/PersonNm1CARMEN REYES
IRS990/Form990PartVIISectionAGrp/PersonNm2SALVATORE GIGANTE
IRS990/Form990PartVIISectionAGrp/PersonNm3FR LOUIS R GIGANTE
IRS990/Form990PartVIISectionAGrp/PersonNm4MIGDALIA MORALES
IRS990/Form990PartVIISectionAGrp/PersonNm5JASON BOROFF
IRS990/Form990PartVIISectionAGrp/PersonNm6VICTOR PAPA
IRS990/Form990PartVIISectionAGrp/PersonNm7LATOYA ALLEN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt52324
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2825206
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3100000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt593900
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt6600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt7479011
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/CO
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE PRESIDE
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt03716
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0411134
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt050654
IRS990/InsuranceGrp/TotalAmt050654
IRS990/IntangibleAssetsGrp/BOYAmt040318
IRS990/IntangibleAssetsGrp/EOYAmt033723
IRS990/InterestGrp/ProgramServicesAmt022780
IRS990/InterestGrp/TotalAmt022780
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt02443
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02443
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02968768
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0823297
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0742008
IRS990/LandBldgEquipCostOrOtherBssAmt03710776
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
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/NetAssetsOrFundBalancesBOYAmt0-644316
IRS990/NetAssetsOrFundBalancesEOYAmt0-709477
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-644316
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-709477
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0244408
IRS990/OtherAssetsTotalGrp/EOYAmt0245060
IRS990/OtherExpensesGrp/Desc0REPAIR
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3REAL ESTATE TAX
IRS990/OtherExpensesGrp/ProgramServicesAmt085833
IRS990/OtherExpensesGrp/ProgramServicesAmt184815
IRS990/OtherExpensesGrp/ProgramServicesAmt29638
IRS990/OtherExpensesGrp/ProgramServicesAmt36523
IRS990/OtherExpensesGrp/TotalAmt085833
IRS990/OtherExpensesGrp/TotalAmt184815
IRS990/OtherExpensesGrp/TotalAmt29638
IRS990/OtherExpensesGrp/TotalAmt36523
IRS990/OtherLiabilitiesGrp/BOYAmt0129045
IRS990/OtherLiabilitiesGrp/EOYAmt099072
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt066132
IRS990/OtherSalariesAndWagesGrp/TotalAmt066132
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt010437
IRS990/PayrollTaxesGrp/TotalAmt010437
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt071272
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt050827
IRS990/PrincipalOfficerNm0SALVATORE GIGANTE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0404975
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0404975
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt04664
IRS990/PYOtherExpensesAmt0385230
IRS990/PYProgramServiceRevenueAmt0389798
IRS990/PYRevenuesLessExpensesAmt0-50730
IRS990/PYSalariesCompEmpBnftPaidAmt059962
IRS990/PYTotalExpensesAmt0445192
IRS990/PYTotalRevenueAmt0394462
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-65161
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt03716
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03716
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02443
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt04664
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt06878
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt06302
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02686
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt022973
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0404975
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0389798
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0389885
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0441335
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0451586
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02077579
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02443
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt04664
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt06878
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt06302
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02686
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt022973
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98910
IRS990ScheduleA/PublicSupportPY509Pct00.99000
IRS990ScheduleA/PublicSupportTotal509Amt02081295
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0408691
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0389798
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0389885
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0441335
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0451586
IRS990ScheduleA/Total509Grp/TotalAmt02081295
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0411134
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0394462
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0396763
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0447637
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0454272
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02104268
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0722285
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02947190
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03669475
IRS990ScheduleD/EquipmentGrp/BookValueAmt019722
IRS990ScheduleD/EquipmentGrp/DepreciationAmt021578
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt041300
IRS990ScheduleD/ExpensesSubtotalAmt0476295
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt01
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0173424
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt145068
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt226568
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt045068
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt142002
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt210104
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31898
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSIT PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED EXPENSE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PREPAID REVENUE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED MORTGAGE INTEREST PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt0411134
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/TotalBookValueLandBuildingsAmt0742008
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0245060
IRS990ScheduleD/TotalExpensesPerForm990Amt0476295
IRS990ScheduleD/TotalLiabilityAmt099072
IRS990ScheduleD/TotalRevenuePerForm990Amt0411134
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0411134
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0476295
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/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/TransactionAmt030924
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt131282
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt22808
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PROPERTY MGT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1MAINT. & REPAIR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2SECURITY SERVICES
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LOUIS R GIGANTE SALVATORE GIGANTE DIRECTOR SECRETARY/CO FAMILY RELATED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION OWNS APARTMENT BUILDINGS CONSTRUCTED AND MAINTAINED TO PROVIDE LOW INCOME HOUSING. THE BUILDINGS ARE MANAGED BY BUILDING MANAGEMENT ASSOCIATES, INC., A REAL ESTATE PROPERTY MANAGEMENT COMPANY, WHICH IS OWNED BY A BOARD MEMBER OF THE REPORTING ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZED WITH ONE MEMBER, SEBCO DEVELOPMENT CO., INC., A NOT FOR PROFIT IRC SECTION 501(C)(3) COMMUNITY BASED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S 990 IS REVIEWED AND APPROVED BY THE CONTROLLER AND CHIEF OPERATING OFFICER BEFORE IT IS FINALIZED AND ISSUED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CONFLICTS OF INTEREST POLICY IS ENFORCED PURSUANT TO THE NEW YORK STATE NOT-FOR-PROFIT CORPORATION LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROVIDE 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/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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$1,794,601
Liabilities
$2,504,078
Net assets
-$709,477
Revenue
$411,134
Expenses
$476,295
Net income
-$65,161
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