2024-11-12T11:34:41-05:00 2023-12-31 A GARY AARONSON CPA PLLC 42 WEST 38TH STREET SUITE 1003 NEW YORK NY 100180060 990 2023-01-01 133211951 PIO MENDEZ HOUSING DEVELOPMENT FUND COMPANY INC PIOM 3477262547 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 SALVATORE GIGANTE VICE PRESIDENT 7186172800 2024-11-05 false A GARY AARONSON P01327657 2126845770 2024-11-11 X 2023 2024-10-15 13:58:12Z SALVATORE GIGANTE 483784 false X WWW.SEBCODEVELOPMENT.ORG X 1984 NY PROVIDE AFFORADABLE HOUSING FOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959. 3 2 0 0 0 0 0 461107 483784 461107 483784 0 0 0 0 0 250 250 250 250 460857 483534 9289238 9773022 15156 15406 9274082 9757616 PROVIDED HOUSING TO LOW INCOME ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959 IN THE SOUTH BRONX AREA OF NEW YORK CITY. false false PROVIDED AFFORDABLE HOUSING TO LOW INCOME ELDERLY AND HANDICAPPED PURSUANT TO SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959. THE PROPERTY WAS SOLD ON DECEMBER 30, 2014 FOR ITS FAIR MARKET VALUE WITH THE APPROVAL OF BOTH THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AND THE NEW YORK STATE DEPARTMENT OF LAW. PLEASE SEE SCHEDULE A, PART VI FOR FURTHER DETAILS. true false false false false false false false false false false true false true true false false false false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false false false X 3 2 false false false false true true false true true false false true true true true true false false false false NY X SEBCO DEVELOPMENT INC 3477262547 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 ENRICO BOCCIA CHAIR 0.05 0.80 X X 0 0 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 391243 false true false MORTGAGE INTEREST 483784 483784 483784 483784 483784 NYS FILING FEE 250 250 250 0 250 0 6109333 6109333 3179905 3663689 9289238 9773022 11621 11371 3535 4035 15156 15406 X 9274082 9757616 9274082 9757616 9289238 9773022 483534 X false false false X X X 1 PIOVIP HOUSING DEVELOPMENT FUND COMPANY 471916490 7 true 0 0 1 0 true false false false false false false false false false false false false false false true SUPPLEMENTAL INFORMATION ACCRUED INTEREST RECEIVABLE 3,328,059 ON DECEMBER 30, 2014, THE ORGANIZATION SOLD ITS AFFORDABLE HOUSING APARTMENT HOUSE TO ANOTHER NON FOR PROFIT HOUSING DEVELOPMENT CORPORATION, PIO/VIP HOUSING DEVELOPMENT FUND CORPORATION (EIN: 47-1916490) WHICH COMBINED WITH ANOTHER SOLD AFFORDABLE HOUSING APARTMENT HOUSE. THE SALES WERE DONE TO OBTAIN FINANCING TO PROVIDE NEEDED CAPITAL IMPROVEMENT TO BOTH APARTMENT BUILDINGS. THE SALES WERE APPROVED BY THE UNITED STATES DEPARTMENT OF URBAN DEVELOPMENT, THE NEW YORK CITY DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT AND THE NEW YORK STATE ATTORNEY GENERAL. IT RECEIVED MORTGAGE OF 6,109,333, BEARING INTEREST AT THE RATE OF FIVE PERCENT PER YEAR. THE PRINCIPAL OF THE NOTE IS DUE DECEMBER 31, 2054. THE PRINCIPAL IS NOT AMORTIZED AND DUE IN FULL AT MATURITY. INTEREST IS ACCRUED AND PAYABLE ONLY FROM "AVAILABLE CASH" OF WHICH THERE HAD BEEN NONE. THE MORTGAGE NOTES IS NON-RECOURSE. FURTHER, THIS ORGANIZATION IS PROHIBITED BY THE TERMS OF THE NOTE TO OBTAIN A MONEY JUDGEMENT AGAINST PIO/VIP HOUSING DEVELOPMENT FUND CORPORATION. PURCHASE MONEY MORTGAGE 6109333 C 6109333 MORTGAGE NOTE INTEREST RECEIVABLE 3328059 MORTGAGE NOTE RECEIVABLE RESERVE 335630 3663689 DUE TO AFFILIATES 4035 4035 false false false false false false false false false SALVATORE GIGANTE VICE PRESIDENT 251995 251995 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 FORM 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 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 132944013 DEVELOPMEN NY 501C3 7 NA N/A true false false false false false false false false false false false false false false false false false false false