2024-11-08T11:20:48-05:00 2023-12-31 A GARY AARONSON CPA PLLC 42 WEST 38TH STREET SUITE 1003 NEW YORK NY 100180060 990 2023-01-01 133180527 SEBCO HOUSING DEVELOPMENT FUND COMPANY INC SEBC 3477262547 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 SALVATORE GIGANTE VICE PRESIDENT 7186172800 2024-10-19 true false A GARY AARONSON P01327657 2126845770 2024-11-07 X 2023 2024-10-15 13:58:12Z SALVATORE GIGANTE 1704861 false X X NY PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959. 3 2 4 0 0 1911212 1703307 832 1554 0 1912044 1704861 0 0 201476 145548 0 0 2022186 1553518 2223662 1699066 -311618 5795 1930669 1827657 5791354 5682547 -3860685 -3854890 PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959. false false 1642360 PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959. 1642360 true false false false false false false false true false true false 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 9 0 true 4 true false false false false false false false false false false false false false false false false false X 3 2 false true false false true true false true true false false true true true true true false false false false NY X THE WAVECREST MANAGEMENT TEAM LTD 7184631200 87-14 116TH STREET RICHMOND HILL NY 11418 ENRICO BOCCIA CHAIR 0.05 0.80 X X 0 800 0 EVELYN VELAZQUEZ TREASURER/SE 0.05 0.80 X X 0 0 0 SALVATORE GIGANTE VICE PRESIDE 0.30 40.00 X X 0 251995 0 SONAL SHAH CONTROLLER 0.00 35.00 X 0 139248 0 392043 false true false RENTAL INCOME 531110 1675007 1675007 SERVICE COORDINATOR 28300 28300 1703307 1554 1554 1704861 1704861 89943 89943 45266 45266 10339 10339 41006 41006 8440 8440 15700 15700 7963 7963 18224 18224 315938 315938 208899 208899 94366 94366 REAL ESTATE TAXES 208608 208608 UTILITIES 178168 178168 REPAIRS 174842 174842 SECURITY PAYROLL CONTRAC 165133 165133 116231 116231 1699066 1642360 56706 0 109708 9988 32307 126144 109540 166070 7558427 6694973 1059510 863454 279323 266480 340281 395521 1930669 1827657 279378 293920 7372 940 25236 25801 5469154 5341549 10214 20337 5791354 5682547 X -3860685 -3854890 -3860685 -3854890 1930669 1827657 5795 X false true X true true true X 1185116 1093101 1226224 1561010 1357347 6422798 1185116 1093101 1226224 1561010 1357347 6422798 6422798 345077 314536 397564 351034 347514 1755725 8178523 0.78530 0.77510 X false true X 27600 27600 7091038 6277828 813210 439789 417145 22644 863454 RESERVE FOR REPLACEMENTS 175801 MORTAGE ESCROW DEPOSITS 85738 CAPITAL IMPROVEMENT RESERVE 84863 TENANT SECURITY DEPOSITS 25801 RESIDUAL RECEIPTS 23254 PAINTING RESERVE 64 395521 DUE TO AFFILIATE 20337 20337 1704861 1704861 1704861 1699066 1699066 1699066 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 APARTMENTS. false false false false false false false false false SALVATORE GIGANTE VICE PRESIDENT 251995 251995 SENTRY SECURITY COMPANY INC OFFICER/DIRECTO 165133 SECURITY SERVICES false FORM 990, PAGE 6, PART VI, 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, PAGE 6, PART VI, LINE 6 ORGANIZED WITH ONE MEMBER, SEBCO DEVELOPMENT, INC., A NOT FOR PROFIT IRC SECTION 501(C)(3) COMMUNITY BASED ORGANIZATION. FORM 990, PAGE 6, PART VI, 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, PAGE 6, PART VI, LINE 11B THE ORGANIZATION'S 990 IS REVIEWED AND APPROVED BY CONTROLLER AND VICE PRESIDENT BEFORE IT IS FINALIZED AND FILED. 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 DOCUMENTS, WHICH ARE PUBLIC RECORDS, ARE AVAILABLE FROM THE NY SECRETARY OF STATE AND PROVIDE UPON REQUEST. SEBCO DEVELOPMENT INC 885 BRUCKNER BLVD BRONX NY 10459 132944013 DEVELOPMEN NY 501C3 7 N/A false false false false false false false false false false false false false false false false true false false false