SEBCO HOUSING DEVELOPMENT FUND COMPANY INC (EIN 133180527) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Legal Domicile

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.

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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%)

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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$252,795

Total Directors

$252,795

Key Employees

Highest Compensated

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

SEBCO HOUSING DEVELOPMENT FUND COMPANY INC