Civic Intelligence

288 Willis Avenue Hdfc

EIN 46-1018717 • 501(c)2 • Bronx, NY

Profile

To provide low & moderate income housing

429 Bruckner Blvd 2nd FloorBronx, NY 10455

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

100th percentile

291.74x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)2 • <$500k nonprofits • Source year 2024

Net Margin

3rd percentile

-7242%

Higher net margin than 3% of similar nonprofits.

501(c)2 • <$500k nonprofits • Source year 2024

Top Officer Pay

100th percentile

$216,439

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 10171.0% of source-year revenue.

501(c)2 • <$500k nonprofits • Source year 2022

Asset Growth

21st percentile

-100%

Faster asset growth than 21% of similar nonprofits.

501(c)2 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

73rd percentile

8.8%

Faster revenue growth than 73% of similar nonprofits.

501(c)2 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Flat

$0

Flat from 2023

Liabilities

Up

$1,286,287

Up $319,292 (+33%) from 2023

Net Assets

Down

-$1,286,287

Down $319,292 (-33%) from 2023

Operations
Liabilities / Revenue100th percentileNet Margin3rd percentile

Revenue

Up

$4,409

Up $357 (+8.8%) from 2023

Expenses

Up

$323,701

Up $126,961 (+65%) from 2023

Net Income

Down

-$319,292

Down $126,604 (-66%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth21st percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2016: -$168,097Liabilities 2016: $02016Assets 2017: -$230,396Liabilities 2017: $02017Assets 2018: -$290,396Liabilities 2018: $02018Assets 2019: -$399,404Liabilities 2019: $02019Assets 2020: -$513,325Liabilities 2020: $02020Assets 2021: $0Liabilities 2021: $645,467Net Assets 2021: -$645,4672021Assets 2022: $0Liabilities 2022: $774,307Net Assets 2022: -$774,3072022Assets 2023: $0Liabilities 2023: $966,995Net Assets 2023: -$966,9952023Assets 2024: $0Liabilities 2024: $1,286,287Net Assets 2024: -$1,286,2872024

Highlighted filing

2024

Assets$0
Liabilities$1,286,287
Net Assets-$1,286,287
Open 2024 Filing

Operations Trend

Revenue Growth73rd percentile

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

$400K$200K$0-$200K-$400KRevenue 2016: -$73,526Expenses 2016: $20,984Net Income 2016: -$94,5102016Revenue 2017: -$62,299Expenses 2017: $0Net Income 2017: -$62,2992017Revenue 2018: -$60,000Expenses 2018: $0Net Income 2018: -$60,0002018Revenue 2019: -$109,008Expenses 2019: $0Net Income 2019: -$109,0082019Revenue 2020: -$113,921Expenses 2020: $0Net Income 2020: -$113,9212020Revenue 2021: $2,123Expenses 2021: $134,265Net Income 2021: -$132,1422021Revenue 2022: $2,128Expenses 2022: $130,968Net Income 2022: -$128,8402022Revenue 2023: $4,052Expenses 2023: $196,740Net Income 2023: -$192,6882023Revenue 2024: $4,409Expenses 2024: $323,701Net Income 2024: -$319,2922024

Highlighted filing

2024

Revenue$4,409
Expenses$323,701
Net Income-$319,292
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$1,286,287
Net assets
-$1,286,287
Revenue
$4,409
Expenses
$323,701
Net income
-$319,292
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$1.29$1.29$0.00$0.32$0.32
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.97$0.97$0.00$0.20$0.19
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.77$0.77$0.00$0.13$0.13
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.65$0.65$0.00$0.13$0.13
2020Summary only. Only limited summary data is available for this year.$0.51$0.00$0.11$0.00$0.11
2019Summary only. Only limited summary data is available for this year.$0.40$0.00$0.11$0.00$0.11
2018Summary only. Only limited summary data is available for this year.$0.29$0.00$0.06$0.00$0.06
2017Summary only. Only limited summary data is available for this year.$0.23$0.00$0.06$0.00$0.06
2016Summary only. Only limited summary data is available for this year.$0.17$0.00$0.07$0.02$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$4,409
Mission and Program Overview

Mission

To provide low & moderate income housing

To provide low & moderate income housing.

Program Services

DescriptionGrantsExpenses
TO PROVIDE LOW & MODERATE INCOME HOUSING$0$0
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ENRICO BOCCIAChair-$0--
EVELYN VELAZQUEZTreasurer/Secretary-$0--
SALVATORE GIGANTEVice President-$0--
ANGELA DAVIS FARRISHExecutive Director-$0--
Filing and Contact Details

Filer

Filer Name
288 Willis Avenue Hdfc
EIN
46-1018717
Phone
3477262547
Address
429 BRUCKNER BLVD 2ND FLOOR, BRONX, NY 10455

Signing Officer

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

Preparer

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

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

“Description: investment income. Amount: 4,409.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: loss from partnership. Amount: 302,717. Description: 754 deduction. Amount: 20,984. Total to form 990-ez, line 16: 323,701.”

990EZ Part I

“The corporation's only source of income is a schedule k-1 from a partnership, which provides low income housing. For 2024, the corporation received a schedule k-1 that showed rental loss from this partnership.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: investment in partnership. Beg. Of year amount: 966,995. End of year amount: 1,286,287.”

Raw XML Appendix109 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
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SEBCO DEVELOPMENT INC
IRS990EZ/BooksInCareOfDetail/PhoneNum03477262547
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0429 BRUCKNER BLVD 2ND FLOOR
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BRONX
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd010455
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-319292
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt00
IRS990EZ/Form990TotalAssetsGrp/EOYAmt00
IRS990EZ/GrossReceiptsAmt04409
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt04409
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-966995
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-1286287
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-966995
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-1286287
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ENRICO BOCCIA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1EVELYN VELAZQUEZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2SALVATORE GIGANTE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ANGELA DAVIS FARRISH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER/SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3EXECUTIVE DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0323701
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO PROVIDE LOW & MODERATE INCOME HOUSING.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO PROVIDE LOW & MODERATE INCOME HOUSING
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0966995
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt01286287
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt0323701
IRS990EZ/TotalRevenueAmt04409
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INVESTMENT INCOME. AMOUNT: 4,409.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: LOSS FROM PARTNERSHIP. AMOUNT: 302,717. DESCRIPTION: 754 DEDUCTION. AMOUNT: 20,984. TOTAL TO FORM 990-EZ, LINE 16: 323,701.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CORPORATION'S ONLY SOURCE OF INCOME IS A SCHEDULE K-1 FROM A PARTNERSHIP, WHICH PROVIDES LOW INCOME HOUSING. FOR 2024, THE CORPORATION RECEIVED A SCHEDULE K-1 THAT SHOWED RENTAL LOSS FROM THIS PARTNERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: INVESTMENT IN PARTNERSHIP. BEG. OF YEAR AMOUNT: 966,995. END OF YEAR AMOUNT: 1,286,287.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2990EZ PART I
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SALVATORE GIGANTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03477262547
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0288 WILLIS AVENUE HDFC
ReturnHeader/Filer/BusinessNameControlTxt0288W
ReturnHeader/Filer/EIN0461018717
ReturnHeader/Filer/PhoneNum03477262547
ReturnHeader/Filer/USAddress/AddressLine1Txt0429 BRUCKNER BLVD 2ND FLOOR
ReturnHeader/Filer/USAddress/CityNm0BRONX
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010455
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0132672154
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LIPSKY GOODKIN & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0120 WEST 45TH STREET 7TH FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010036
ReturnHeader/PreparerPersonGrp/PhoneNum02128406444
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MESUG KIM
ReturnHeader/ReturnTs02025-11-12T14:54:04-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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