SEBCOVIP HOUSING DEVELOPMENT FUND COMPANY INC (EIN 133518596) - 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

Formation Year

1989

Legal Domicile

Principal Officer

SALVATORE GIGANTE

Phone

3477262547

Tax Period

2023-01-01 to 2023-12-31

SEBCOVIP HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1989, is a small nonprofit in the Housing & Shelter sector that reported $386K in total revenue in fiscal year 2023. The organization ran a surplus of $386K, a strong 100% operating margin.

Mission

PROVIDE HOUSING FOR VERY LOW INCOME ELDERLY AND HANDICAPPED INDIVIDUALS UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959 IN THE SOUTH BRONX AREA OF NEW YORK CITY, NEW YORK

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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 $0

Investment Income $0

Other Revenue $386,252

TOTAL REVENUE $386,252

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $250

TOTAL EXPENSES $250

Year-over-Year Comparison

	2023	2022	Change
Revenue	$386,252	$369,191	+0.0%
Expenses	$250	$250	N/A
Net Income	$386,002	$368,941	+0.0%

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

N/A

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

$251,995

Total Directors

$251,995

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ENRICO BOCCIA	CHAIR	N/A	Officer Director	$0	$0	$0
EVELYN VELAZQUEZ	TREASURER/SE	N/A	Officer Director	$0	$0	$0
SALVATORE GIGANTE	VICE PRESIDE	N/A	Officer Director	$0	$0	$251,995
SONAL SHAH	CONTROLLER	N/A	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	$386,252	$250	$7,828,759	$386,002
2022	$369,191	$250	$7,443,007	$368,941
2021	$358,168	$250	$7,073,816	$357,918
2020	$258,190	$275	$6,715,648	$257,915
2019	$258,190	$275	$6,458,621	$257,915
2018	$258,190	$1,163	$6,200,707	$257,027

SEBCOVIP HOUSING DEVELOPMENT FUND COMPANY INC