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 133434410 ST BARNABAS HOUSING DEVELOPMENT FUND COMPANY INC STBA 3477262547 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 SALVATORE GIGANTE VICE CHAIR/COO 3477262547 2024-10-19 false A GARY AARONSON P01327657 2126845770 2024-11-08 X 2023 2024-10-15 13:58:12Z SALVATORE GIGANTE 1654642 false X X 1987 NY PROVIDE HOUSING FOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUISING ACT OF 1959. 4 4 4 0 0 1844739 1653748 514 894 0 1845253 1654642 0 0 166093 144329 0 0 1601447 1357269 1767540 1501598 77713 153044 3531216 3692444 8902051 8910235 -5370835 -5217791 PROVIDE HOUSING FOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959. false false 1442137 1654642 PROVIDE SUBSIDIZED HOUSING FOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT. 1442137 true false false false false false false false true false true false false true false false true false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false true 7 0 true 4 true false false false false false false false false false false false false false false false false false X 4 4 false true false false true false false true true false false false true true true true false false false false NY X THE WAVECREST MANAGEMENT TEAM LTD 7184631200 87-14 116TH STREET RICHMOND HILL NY 11418 X SALVATORE GIGANTE VICE CHAIR/C 0.30 X X 0 0 0 MARY GROCHOWSKI SECRETARY/DI 0.01 X X 0 0 0 NINFA SEGARRA TREASURER/DI 0.01 X X 0 0 0 ERIC APPELBAUM DIRECTOR 0.01 X 0 0 0 false false false RENTAL INCOME 531110 1628431 1628431 SECT 8 SER COOR 25317 25317 1653748 894 894 1654642 1654642 X 89047 89047 45008 45008 10274 10274 44711 44711 226 226 14750 14750 3542 3542 18958 18958 291439 291439 83724 83724 110399 110399 SECURITY 168309 168309 REAL ESTATE TAXES 154954 154954 UTILITIES 148186 148186 REPAIR 127190 127190 190881 190881 1501598 1442137 59461 0 1004 281330 23385 40420 143013 157207 10388800 9246996 1213406 1141804 311130 299008 1839278 1772675 3531216 3692444 364432 589442 8071 606 25444 24808 8504104 8295379 8902051 8910235 X -5370835 -5217791 -5370835 -5217791 3531216 3692444 153044 X false true X true true true X 1131020 1256615 1267734 1498327 1256732 6410428 1131020 1256615 1267734 1498327 1256732 6410428 6410428 415303 282820 364348 346926 397910 1807307 8217735 0.78010 0.77710 X false true X 199976 199976 9699754 8778943 920811 489070 468053 21017 1141804 RESERVE FOR REPLACEMENT 1121249 CONTRUCTION IN PROGRESS 427730 ESCROW DEPOSIT 126760 RESIDUAL RECEIPTS 72128 TENANT SECURITY DEPOSITS 24808 1772675 1654642 1654642 1654642 1501598 1501598 1501598 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. SENTRY SECURITY COMPANY INC OFFICER/DIRECTO 168309 SECURITY SERVICES false SEBCO DEVELOPMENT INC OFFICER/DIRECTO 24111 REIMBURSEMENT OF EXP false FORM 990, PAGE 6, PART VI, LINE 3 THE ORGANIZATION OWNS AN APARTMENT HOUSE BUILT AND OPERATED PURSUANT TO SECTION 202 OF THE FEDERAL HOUSING ACT OF 1936 TO PROVIDE HOUSING FOR THE ELDERLY AND HANDICAPPED. THE BUILDING IS MANAGED BY A REAL PROPERTY MANAGEMENT COMPANY, THE WAVECREST MANAGEMENT TEAM LTD. ITS FEE ARE REGULATED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. FORM 990, PAGE 6, PART VI, LINE 6 SEBCO DEVELOPMENT, INC., A NOT FOR PROFIT COMMUNITY BASED ORGANIZATION AND ST. BARNABAS HOSPITAL, A NOT FOR PROFIT HOSPITAL ARE THE ORGANIZATION'S SOLE MEMBERS. FORM 990, PAGE 6, PART VI, LINE 11B THE ORGANIZATION'S 990 IS REVIEWED BEFORE FILING WITH BOTH ONE OF ITS MEMBER COO AND CONTROLLER. 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. FORM 990, PART IX, LINE 24E BAD DEBT 110,593 0 0 MORTGAGE INSURANCE 37,759 0 0 ELDERY CARE 25,349 0 0 ADMINISTRATIVE RENT FREE 17,180 0 0 TOTAL 190,881 0 0