SEBCO HOUSING DEVELOPMENT FUND COMPANY INC

EIN: 133180527 501(c)(3) Housing & Shelter

BRONX, NY

Total Revenue
$1,704,861
Total Expenses
$1,699,066
Total Assets
$1,827,657
Net Assets
$-3,854,890
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Legal Domicile
NY
Principal Officer
SALVATORE GIGANTE
Phone
3477262547
Tax Period
2023-01-01 to 2023-12-31

SEBCO HOUSING DEVELOPMENT FUND COMPANY INC is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959.

Program Service Accomplishments

Program 1
Expenses: $1,642,360

PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,703,307
Investment Income $1,554
Other Revenue $0
TOTAL REVENUE $1,704,861

Expense Breakdown

Grants Paid $0
Salaries & Benefits $145,548
Fundraising Expenses $0
Program Expenses $1,642,360
Other Expenses $1,553,518
TOTAL EXPENSES $1,699,066

Year-over-Year Comparison

2023 2022 Change
Revenue $1,704,861 $1,912,044 -0.1%
Expenses $1,699,066 $2,223,662 -0.2%
Net Income $5,795 $-311,618 -1.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
2
Employees
4
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$252,795
Total Directors
3
$252,795
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ENRICO BOCCIA CHAIR 0.05
Officer Director
$0 $0 $800
EVELYN VELAZQUEZ TREASURER/SE 0.05
Officer Director
$0 $0 $0
SALVATORE GIGANTE VICE PRESIDE 0.30
Officer Director
$0 $0 $251,995
SONAL SHAH CONTROLLER 0.00
Highest
$0 $0 $139,248
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,704,861 $1,699,066 $1,827,657 $5,795
2022 $1,912,044 $2,223,662 $1,930,669 $-311,618
2021 $1,623,788 $1,751,752 $2,371,962 $-127,964
2020 $-227,584 No data $2,589,176 No data
2019 $-411,989 No data $2,661,562 No data
2018 $26,804 No data $2,999,031 No data
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