2024-01-08T16:12:31-05:00 2023-04-30 A GARY AARONSON CPA PLLC 42 WEST 38TH STREET SUITE 1003 NEW YORK NY 100180060 990 2022-05-01 132944013 SEBCO DEVELOPMENT INC SEBC 3477262547 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 SALVATORE GIGANTE CEO/DIRECTOR 7186172800 2024-01-04 true SALVATORE GIGANTE 999009999 false A GARY AARONSON P01327657 2126845770 2024-01-08 X 2022 2023-04-26 12:10:37Z SALVATORE GIGANTE 2661379 false X WWW.SEBCODEVELOPMENT.ORG X 1978 NY SEBCO DEVELOPMENT, INC. IS A COMMUNITY BASED HOUSING DEVELOPMENT COMPANY LOCATED IN THE SOUTH BRONX OF NEW YORK CITY. IT HAS DEVELOPED MORE THAN 6,000 UNITS OF SUBSIDIZED HOUSING. IT CONTINUES TO DEVELOP HOUSING, AS WELL AS PROVIDING SOCIAL SERVICES, TRANSITIONAL HOUSING FOR THE HOMELESS AND MEALS FOR THE EDLERLY. 7 5 26 0 193553 120727 504302 687871 123392 145324 380554 1707457 1201801 2661379 0 0 851534 1172980 0 0 879909 2363276 1731443 3536256 -529642 -874877 9533839 8303756 1416419 1061213 8117420 7242543 X SEBCO DEVELOPMENT INC. IS A NON PROFIT COMMUNITY BASED ORGANIZATION COMMITTED TO DEVELOPING AND MAINTAINING AFFORDABLE AND SAFE HOUSING IN THE CITY OF NEW YORK. SEBCO STRIVES TO CONTINUALLY PROVIDE WELL MAINTAINED, SECURE HOUSING ALONG WITH THE SUPPORTIVE SERVICES NEEDED TO IMPROVE THE QUALITY OF LIFE OF THE FAMILIES AND INDIVIDUALS WE SERVE IN OUR COMMUNITY. false false 1869353 HOUSING DEVELOPMENT FOR LOW INCOME, ELDERLY AND THE DISABLED. 687871 687871 ELDERLY NUTRITION PROGRAM UNDER CONTRACT WITH THE NEW YORK CITY DEPARTMENT FOR THE AGING. 94627 94627 SOCIAL SERVICES TO RESIDENTS OF THE HOUSING DEVELOPED BY THE ORGANIZATION TO STABILIZE THE NEIGHBORHOOD. 2651851 true true false false false false false false false false false true false true true false true false false false false false false false false false false false false true false false false false false false false true false false false false false true false false false true 20 0 true 26 true false false false false false false false false false false false false false false X 7 5 true false false false false false false true true false false true true true true true true true true false NY X SALVATORE GIGANTE 3477262547 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 ENRICO BOCCIA CHAIR X X 400 0 0 CARMEN REYES TREASURER/SE X X 400 0 0 SALVATORE GIGANTE CEO/DIRECTOR 36.00 4.00 X X 171635 99248 0 VICTOR PAPA DIRECTOR X 200 0 0 JASON BOROFF DIRECTOR X 0 275309 0 LOUIS R GIGANTE DIRECTOR X 30000 0 0 VALERIE TORRES DIRECTOR X 200 0 0 EVELYN VELASQUEZ DIRECTOR X 400 0 0 SONAL SHAH CONTROLLER 30.00 5.00 X 166982 0 0 370217 374557 2 false true false 26000 94627 100 120727 NYC DEPARTMENT OF THE AGING 687871 687871 687871 145324 145324 DEVELOPMENT FEE 850000 850000 OVERHEAD REIMBURSEMENT 628997 628997 FEES 137920 137920 90540 90540 1707457 2661379 2540652 X 368617 260606 108011 616063 532854 83209 101765 91588 10177 86535 74563 11972 451783 451783 12675 12675 770609 742234 28375 12280 3070 9210 87110 56621 30489 125850 81802 44048 62330 49864 12466 1600 1440 160 12525 8141 4384 31348 22735 8613 ELDERLY NUTRITION PROGRAM 687871 687871 BAD DEBTS 55029 55029 COMMUNITY 17058 17058 PAYROLL PROCESSING 15019 12015 3004 20189 9389 10800 3536256 2651851 884405 0 377064 633343 1250739 896797 142290 224914 135395 41647 19771 12525 493500 493500 7216074 5900036 9533839 8303756 210347 428835 169952 138878 1036120 493500 1416419 1061213 X 8117420 7242543 8117420 7242543 9533839 8303756 -874877 X false true X true false X 308777 167971 145223 193553 120727 936251 308777 167971 145223 193553 120727 936251 141420 794831 157004 127693 139315 123392 145324 692728 1628979 3138423 0.48790 0.54700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED MORTGAGE RECEIVABLE 493500 C 493500 DEVELOPER'S FEE RECEIVABLE 2668911 OTHER RECEIVABLES 2556010 ACCRUED INTEREST RECEIVABLE 456655 DUE FROM CROTONA BELMONT 150050 INITIAL MEMBER CONTRIBUTION 50000 SECURITY DEPOSIT 18410 5900036 MORTGAGE PAYABLE (CONTRA) 493500 493500 2661379 2661379 2661379 3536256 3536256 3536256 false false false false false false false false false SALVATORE GIGANTE CEO/DIRECTOR 171635 99248 171635 99248 JASON BOROFF DIRECTOR 275309 275309 SONAL SHAH CONTROLLER 166982 166982 BUILDING MANAGEMENT ASSOCIATES INC OWNER 157019 MANAGEMENT false BUILDING MANAGEMENT ASSOCIATES OFFICER MANAGEMENT false FORM 990 - ORGANIZATION'S MISSION SEBCO DEVELOPMENT INC. IS A NON PROFIT COMMUNITY BASED ORGANIZATION COMMITTED TO DEVELOPING AND MAINTAINING AFFORDABLE AND SAFE HOUSING IN THE CITY OF NEW YORK. SEBCO STRIVES TO CONTINUALLY PROVIDE WELL MAINTAINED, SECURE HOUSING ALONG WITH THE SUPPORTIVE SERVICES NEEDED TO IMPROVE THE QUALITY OF LIFE OF THE FAMILIES AND INDIVIDUALS WE SERVE IN OUR COMMUNITY. FORM 990, PAGE 6, PART VI, LINE 2 FATHER LOUIS GIGANTE SALVATORE GIGANTE DIRECTOR DIRECTOR/CEO FAMILY RELATED FORM 990, PAGE 6, PART VI, LINE 11B THE ORGANIZATION'S FORM 990 IS REVIEWED AND APPROVED BY CONTROLLER AND CHIEF EXECUTIVE OFFICER BEFORE IT IS FINALIZED AND FILED. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY IS ENFORCED PURSUANT TO THE NEW YORK STATE NOT FOR PROFIT CORPORATION LAWS. FORM 990, PAGE 6, PART VI, LINE 15A THE SALARY OF CEO IS APPROVED BY THE BOARD OF INDEPENDENT DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15B THE SALARIES OF ALL OF THE OFFICERS AND SENIOR PERSONNEL ARE APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 UPON REQUEST FORM 990, PART IX, LINE 11G CONSULTANT FEE 419,994 0 0 PROJECT DEVELOPMENT 322,240 0 0 OTHER PROFESSIONAL FEES 0 28,375 0 TOTAL 742,234 28,375 0 ERMA CAVA HDFC INC 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 133073995 HOUSING NY 501 C NA false PIO MENDEZ HDFC INC 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 133211951 HOUSING NY 501 C NA false EC HDFC INC 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 133121459 HOUSING NY 501 C NA false SEBCOVIP HDFC INC 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 133518596 HOUSING NY 501 C NA false SEBCO HDFC INC 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 133180527 HOUSING NY 501 C NA false FILOMENA GARDENS HDFC INC 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 133975116 HOUSING NY 501 C NA false 178TH STREET HDFC 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 133054220 HOUSING NY 501 C NA false 1215 SENECA AVENUE HOUSES INC 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 133637044 HOUSING NY 501 C NA false ANTHONY HOE CORPORATION 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 271575830 HOUSING NY 501 C NA false FOX STREET HDFC 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 270333073 HOUSING NY 501 C NA false TIMPSON HDFC 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 133614970 HOUSING NY 501 C NA false HUNTS POINT HDFC 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 133574304 HOUSING NY 501 C NA false 479 COURTLAND HDFC 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 461021430 HOUSING NY 501 C NA false 288 WILLIS AVENUE HDFC 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 461018717 HOUSING NY 501 C NA false TIFFANY GARDENS LP 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 203056480 HOUSING NY N/A false false PIOVIP LP 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 465360240 HOUSING NY N/A false false ROSINA ASSOCIATES LP 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 134145490 HOUSING NY N/A false false WILLIS AVENUE ASSOCIATES LP 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 133835055 HOUSING NY N/A false false SRJT CORP 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 465370561 HOUSING NY N/A C CORP false SENTRY SECURITY COMPANY INC 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 133050136 HOUSING NY N/A C CORP false TIFFANY GARDENS CORP 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 113724435 HOUSING NY N/A C CORP false RICER CORP 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 030430476 HOUSING NY N/A C CORP false WILLIS AVE REDEVELOPMENT CORP 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 133835051 HOUSING NY N/A C CORP false false false false true false false false false false false false true false false false false true false false ANTHONY HOE CORPORATION D -125000 ANTHONY HOE CORPORATION L 249066 1215 SENECA AVENUE HOUSES INC L 300851 ERMA CAVA HDFC D 50000 EC HDFC INC D 120000 178TH STREET HDFC D 250000 178TH STREET HDFC Q 68446 PIOVIP LP D 50000 PIOVIP LP Q 55291 FILOMENA GARDENS HDFC INC D 110000 HUNTS POINT HDFC Q 96171