2025-11-12T14:43:59-06:00 2024-12-31 132672154 LIPSKY GOODKIN & CO PC 120 WEST 45TH STREET 7TH FL NEW YORK NY 10036 990 2024-05-01 132944013 SEBCO DEVELOPMENT INC SEBC 3477262547 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 SALVATORE GIGANTE CEO/DIRECTOR 3477262547 2025-11-11 1 1 MESUG KIM P01291883 2128406444 2025-11-12 2024 2025-03-06 01:10:19Z SALVATORE GIGANTE 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 1818129 0 X WWW.SEBCODEVELOPMENT.ORG X 1978 NY SEBCO DEVELOPMENT, INC. IS A COMMUNITY BASED HOUSING DEVELOPMENT COMPANY LOCATED IN THE SOUTH BRONX OF NEW YORK CITY. IT HAS DEVELOPED MORE THAN 6,000 UNITS OF SUBSIDIZED HOUSING. IT CONTINUES TO DEVELOP HOUSING, AS WELL AS PROVIDING SOCIAL SERVICES, TRANSITIONAL HOUSING FOR THE HOMELESS AND MEALS FOR THE EDLERLY. 6 4 41 0 0 0 148631 91300 712147 499641 178107 109761 1685810 1117427 2724695 1818129 0 0 0 0 1357700 836539 0 0 0 1800538 1272958 3158238 2109497 -433543 -291368 8745293 8083949 1936293 1566317 6809000 6517632 X SEBCO DEVELOPMENT INC. IS A NON PROFIT COMMUNITY BASED ORGANIZATION COMMITTED TO DEVELOPING AND MAINTAINING AFFORDABLE AND SAFE HOUSING IN THE CITY OF NEW YORK. SEBCO STRIVES TO CONTINUALLY PROVIDE WELL MAINTAINED, SECURE HOUSING ALONG WITH THE SUPPORTIVE SERVICES NEEDED TO IMPROVE THE QUALITY OF LIFE OF THE FAMILIES AND INDIVIDUALS WE SERVE IN OUR COMMUNITY. 0 0 845279 HOUSING DEVELOPMENT FOR LOW INCOME, ELDERLY AND THE DISABLED. 499641 499641 ELDERLY NUTRITION PROGRAM UNDER CONTRACT WITH THE NEW YORK CITY DEPARTMENT FOR THE AGING. 65845 65845 SOCIAL SERVICES TO RESIDENTS OF THE HOUSING DEVELOPED BY THE ORGANIZATION TO STABILIZE THE NEIGHBORHOOD. 1410765 1 0 0 0 0 0 0 0 0 0 1 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 24 0 1 41 1 0 0 0 0 0 0 0 0 0 0 X 6 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X SALVATORE GIGANTE 3477262547 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 ENRICO BOCCIA CHAIR 0.00 X X 0 0 0 EVELYN VELASQUEZ TREASURER/SECRETARY 0.00 X X 0 0 0 SALVATORE GIGANTE CEO/DIRECTOR 36.00 4.00 X X 156890 93600 0 HENRY COMAS DIRECTOR 0.00 X 0 0 0 JASON BOROFF DIRECTOR 0.00 0.00 X 0 296549 0 VALERIE TORRES DIRECTOR 0.00 X 0 0 0 SONAL SHAH CONTROLLER 30.00 5.00 X 144679 0 0 ANGELA DAVIS FARRISH CHIEF EXECUTIVE DIRECTOR 30.00 5.00 X 34615 0 0 336184 390149 0 2 0 1 0 0 65845 25455 91300 NYC DEPARTMENT OF THE 624200 499641 499641 499641 109761 109761 FEES 531311 610157 610157 OVERHEAD REIMBURSEMENT 900099 501033 501033 OTHER INCOME 900099 6237 6237 1117427 1818129 1726829 0 0 279429 216214 63215 426232 366735 59497 74126 66713 7413 56752 48884 7868 432571 432571 37461 37461 78600 78600 10033 2508 7525 60581 39378 21203 32182 20918 11264 33439 29107 4332 544 490 54 2240 1456 784 15979 11499 4480 ELDERLY NUTRITION PROGR 499641 499641 MISCELLANEOUS 27639 6910 20729 EQUIPMENT RENTAL 22255 5564 16691 REPAIR & MAINTENANCE 10775 8620 2155 9018 7528 1490 2109497 1410765 698732 0 182935 203857 657933 469691 170362 124051 18810 11294 16800 4200 14840 12600 493500 493500 7206913 6768956 8745293 8083949 868527 742291 209993 18928 857773 805098 1936293 1566317 X 6809000 6517632 6809000 6517632 8745293 8083949 -291368 0 X 0 1 X 1 0 X 145223 193553 120727 148631 91300 699434 145223 193553 120727 148631 91300 699434 63093 636341 139315 123392 145324 178107 109761 695899 1395333 2558876 0.45600 0.42750 X PART II, SHORT YEAR EXPLANATION: THE ORGANIZATION CHANGED ITS FISCAL YEAR END FROM APRIL 30 TO DECEMBER 31. THIS TAX RETURN IS PREPARED FOR THE PERIOD FROM MAY 1, 2024 TO DECEMBER 31, 2024. 16800 4200 12600 12600 MORTGAGE RECEIVABLE 493500 C 493500 OTHER RECEIVABLES 2733723 DEVELOPER'S FEE RECEIVABLE 2668911 ACCRUED INTEREST RECEIVABLE 695129 INITIAL MEMBER CONTRIBUTION 50000 SECURITY DEPOSIT 15000 DUE FROM CROTONA BELMONT 306838 RIGHT OF USE ASSETS 299355 6768956 MORTGAGE PAYABLE (CONTRA) 493500 LEASE OBLIGATIONS 83613 LONG TERM LEASE OBLIGATION 227985 805098 1818129 0 1818129 0 1818129 2109497 0 2109497 0 2109497 0 0 0 0 0 0 0 0 0 JASON BOROFF DIRECTOR 0 0 0 0 0 296549 0 0 0 0 0 296549 0 0 SALVATORE GIGANTE CEO/DIRECTOR 156890 93600 0 0 0 0 0 0 0 0 156890 93600 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 IS REVIEWED AND APPROVED BY CONTROLLER AND CHIEF EXECUTIVE OFFICER BEFORE IT IS FINALIZED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS ENFORCED PURSUANT TO THE NEW YORK STATE NOT FOR PROFIT CORPORATION LAWS. FORM 990, PART VI, SECTION B, LINE 15 THE SALARY OF CEO IS APPROVED BY THE BOARD OF INDEPENDENT DIRECTORS. THE SALARIES OF ALL OF THE OFFICERS AND SENIOR PERSONNEL ARE APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST ERMA CAVA HDFC INC 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 133073995 HOUSING NY 501C N/A 0 PIO MENDEZ HDFC INC 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 133211951 HOUSING NY 501C N/A 0 EC HDFC INC 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 133121459 HOUSING NY 501C N/A 0 SEBCOVIP HDFC INC 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 133518596 HOUSING NY 501C N/A 0 SEBCO HDFC INC 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 133180527 HOUSING NY 501C N/A 0 FILOMENA GARDENS HDFC INC 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 133975116 HOUSING NY 501C N/A 0 178TH STREET HDFC 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 133054220 HOUSING NY 501C N/A 0 1215 SENECA AVENUE HOUSES INC 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 133637044 HOUSING NY 501C N/A 0 ANTHONY HOE CORPORATION 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 271575830 HOUSING NY 501C N/A 0 FOX STREET HDFC 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 270333073 HOUSING NY 501C N/A 0 TIMPSON HDFC 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 133614970 HOUSING NY 501C N/A 0 HUNTS POINT HDFC 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 133574304 HOUSING NY 501C N/A 0 479 COURTLAND HDFC 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 461021430 HOUSING NY 501C N/A 0 288 WILLIS AVENUE HDFC 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 461018717 HOUSING NY 501C N/A 0 TIFFANY GARDENS LP 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 203056480 HOUSING NY N/A 0 0 PIOVIP LP 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 465360240 HOUSING NY N/A 0 0 ROSINA ASSOCIATES LP 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 134145490 HOUSING NY N/A 0 0 WILLIS AVENUE ASSOCIATES LP 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 133835055 HOUSING NY N/A 0 0 CROTONA PARTNERS LP 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 841799890 HOUSING NY N/A 0 0 SRJT CORP 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 465370561 HOUSING NY N/A C 0 SENTRY SECURITY COMPANY INC 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 133050136 HOUSING NY N/A C 0 TIFFANY GARDENS CORP 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 113724435 HOUSING NY N/A C 0 RICER CORP 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 030430476 HOUSING NY N/A C 0 WILLIS AVE REDEVELOPMENT CORP 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 133835051 HOUSING NY N/A C 0 CROTONA AVE DEVELOPMENT CORP 429 BRUCKNER BLVD 2ND FLOOR BRONX NY 10455 841753981 HOUSING NY N/A C 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 ANTHONY HOE CORPORATION D -30000 ANTHONY HOE CORPORATION L 396836 ANTHONY HOE CORPORATION Q 148954 1215 SENECA AVENUE HOUSES INC D 20000 1215 SENECA AVENUE HOUSES INC L 62407 1215 SENECA AVENUE HOUSES INC Q 73795 SENTRY SECURITY COMPANY INC D -365500 ROSINA ASSOCIATES LP L 80980 ROSINA ASSOCIATES LP Q 103598 HUNTS POINT HDFC Q 389281 HUNTS POINT HDFC L 276955 TIMPSON HDFC Q 186198 TIMPSON HDFC L 129480 TIFFANY GARDENS LP L 64226 TIFFANY GARDENS LP Q 103084