2024-11-10T15:08:02-05:00 2023-12-31 A GARY AARONSON CPA PLLC 42 WEST 38TH STREET SUITE 1003 NEW YORK NY 100180060 990 2023-01-01 133614970 TIMPSON HOUSING DEVELOPMENT FUND CORPORATION TIMP 3477262547 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 SALVATORE GIGANTE VICE PRESIDENT 3477262547 2024-11-08 true false A GARY AARONSON P01327657 2126845770 2024-11-10 X 2023 2024-10-15 13:58:12Z SALVATORE GIGANTE 2579704 false X N/A X 1991 NY THE COMPANY OPERATES LOW INCOME HOUSING PROJECTS IN THE SOUTH BRONX. IN ADDITION THE COMPANY PROVIDES SOCIAL SERVICES FOR THE TENANTS. 3 2 8 0 0 2582676 2571935 17336 7769 0 2600012 2579704 0 0 410250 404050 0 0 2333700 2284890 2743950 2688940 -143938 -109236 7010566 7049197 10568151 10716018 -3557585 -3666821 THE COMPANY OPERATES LOW INCOME HOUSING PROJECTS IN THE SOUTH BRONX. IN ADDITION THE COMPANY PROVIDES SOCIAL SERVICES FOR THE TENANTS. false false 2479464 THE COMPANY OPERATES LOW INCOME HOUSING IN THE SOUTH BROXN. THE COMPANY ALSO PROVIDES SOCIAL SERVICES FOR THE TENANTS. 2479464 true false false false false false false false true false true false false true true false true false false false false false false false false false false false false true false false false false false false false true false false false false false true false false false true 11 0 true 8 true false false false false false false false false false false false false false false false false false X 3 2 false true false false true true false true true false false true true true true true false false false false NY X SEBCO DEVELOPMENT 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 RENTAL INCOME 531110 2571935 2571935 2571935 7769 7769 2579704 2579704 266236 266236 108258 108258 29556 29556 194326 194326 64272 64272 15150 15150 132 132 8232 8232 6697 6697 485543 485543 226595 226595 REPAIRS & MAINTENANCE 414450 414450 UTILITIES 405973 405973 WATER & SEWER 210808 210808 REAL ESTATE 99243 99243 153469 153469 2688940 2479464 209476 0 1319509 1388797 7673 7673 560656 698950 270735 191743 13424534 10555138 3239091 2869396 6700 5805 1606202 1886833 7010566 7049197 217256 429369 198495 194042 10112345 10040386 40055 52221 10568151 10716018 X -3557585 -3666821 -3557585 -3666821 7010566 7049197 -109236 X false true X true false X 45394 45394 2561952 2409012 2498024 2582676 2571935 12623599 2561952 2409012 2543418 2582676 2571935 12668993 12668993 23158 10302 5401 17336 7769 63966 23158 10302 5401 17336 7769 63966 2585110 2419314 2548819 2600012 2579704 12732959 0.99500 0.99370 0.01000 0.01000 X false true X 12813655 10041860 2771795 610879 513278 97601 2869396 RESERVE FUNDS 1269488 CONSTRUCTION IN PROGRESS 292280 TENANT SECURITY DEPOSIT 194042 OTHER RECEIVABLE 131023 1886833 PREPAID RENT 52221 52221 2579704 2579704 2579704 2688940 2688940 2688940 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. false false false false false false false false false SALVATORE GIGANTE VICE PRESIDENT 251995 251995 SENTRY SECURITY AFFILIATE 60643 SECURITY false FORM 990, PAGE 6, PART VI, LINE 3 THE ORGANIZATION OWNS APARTMENT BUILDINGS CONSTRUCTED AND MAINTAINED TO PROVIDE LOW INCOME HOUSING. IN 2023, THE PROPERTY MANAGEMENT COMPANY WAS CHANGED TO SEBCO DEVELOPMENT INC. 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 990 IS REVIWED 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 885 BRUCKNER BLVD BRONX NY 10459 132944013 DEVELOPMEN NY 501C3 7 NA N/A true false false false false false false false false false false false false true false false false false false false SEBCO DEVELOPMENT INC M 160733