Nonprofit · EIN 16-1241738
SEPP DEVOLOPMENT FUND CORP
Also known as WELLS APARTMENTS
Tax-exempt · BINGHAMTON, NY 13905
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $713,632 | $542,108 | $171,524 | $1,366,902 | $1,860,389 | -$493,487 |
| June 30, 2024 | 990 | $885,743 | $518,594 | $367,149 | $1,239,303 | $1,904,314 | -$665,011 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $41,029
- of which government grants
- $23,670
- Program service revenue
- $669,861
- Investment income
- $362
- Other revenue
- $2,380
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $122,688
- Salaries, compensation and benefits (total)
- $136,496
- Professional fundraising fees
- $0
- Legal fees
- $103
- Accounting fees
- $4,200
- Occupancy
- $67,077
- Depreciation
- $56,250
- Program services (functional)
- $374,255
- Management and general (functional)
- $167,853
Balance sheet and other
- Total assets, start of year
- $1,239,303
- Total assets, end of year
- $1,366,902
- Total liabilities, end of year
- $1,860,389
- Net assets, end of year
- -$493,487
- Land, buildings and equipment
- $729,056
- Net assets without donor restrictions
- -$493,487
- Gross receipts
- $713,632
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1987
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN BERNARDO | EXECUTIVE DIRECTOR Officer | 0.5 | $0 | $162,501 | $24,344 |
| THOMAS AUGOSTINI | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| CHRISTOPHER BARKER | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| LEN BASSO | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| SUSAN BROWN | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| ETHAN COOK | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| THOMAS DELLAPENNA | CHAIRPERSON Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| STACEY DUNCAN | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| BENJAMIN FEDERMAN | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| DAVID HARDER | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| RONALD HARTING | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| JIM HAYES | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| DAVID HUGHES | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| RONALD KEIBEL | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| LINDA MACDONALD | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER MACIAK | MEMBER Trustee or director | 0.5 | $0 |
| JOHN MAURO | MEMBER Trustee or director | 0.5 | $0 |
| KEVIN MCLAUGHLIN | VICE CHAIR Trustee or director, Officer | 0.5 | $0 |
| ALEX MCLAUGHLIN | MEMBER Trustee or director | 0.5 | $0 |
| DANIEL SCHOFIELD | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| JULIE SWEET | MEMBER Trustee or director | 0.5 | $0 |
| NAGELY VALERIO | MEMBER Trustee or director | 0.5 | $0 |
| JENNIFER YONKOSKI | MEMBER Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN BERNARDO | EXECUTIVE DIRECTOR Officer | 0.5 | $0 | $148,017 | $21,973 |
| LEN BASSO | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| DAVID HARDER | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| DANIEL SCHOFIELD | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| JOHN MAURO | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| STACEY DUNCAN | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| KEVIN MCLAUGHLIN | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| ALEX MCLAUGHLIN | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| THOMAS AUGUSTINI | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| SUSAN BROWN | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| THOMAS DELLAPENNA | VICE CHAIRPERSON Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| RONALD KEIBEL | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| JENNIFER YONKOSKI | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| DAVID ALAMO | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| RONALD HARTING | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| DAVID HUGHES | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| PETER MACIAK | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| JULIE SWEET | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| LINDA MACDONALD | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| WILLIAM GIBSON JR | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| BENJAMIN FEDERMAN | CHAIRPERSON Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| ETHAN COOK | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| CHRISTOPHER BARKER | MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 53 FRONT ST, BINGHAMTON, NY 13905-4705
- Principal officer (990 for 2024)
- JOHN BERNARDO, 53 FRONT STREET, BINGHAMTON, NY 13905
- Signed the 990
- JOHN BERNARDO, EXECUTIVE DIRECTOR
- Phone
- (607) 723-8989
- Website
- WWW.SEPPINC.COM
- Return prepared by
- EFPR ADVISORY LLC
Mission
LOW-INCOME HOUSING
Program accomplishments
- TO PROVIDE LOW-INCOME AND SUBSIDIZED HOUSING UNDER SECTION 8 AND SECTION 236 OF THE NATIONAL HOUSING ACT.Expenses $374,255 · revenue $669,861
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 16-1241738
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1989
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21Z)
- Assets (IRS master file)
- $1,366,902
- Income (IRS master file)
- $713,632
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $713,632 | $542,108 | $1,366,902 | XML |
| 990 | June 2024 | $885,743 | $518,594 | $1,239,303 | XML |
| 990 | June 2023 | $658,446 | $440,619 | $917,108 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 16-1241738).
Questions about SEPP DEVOLOPMENT FUND CORP
- What is the EIN of SEPP DEVOLOPMENT FUND CORP?
- The employer identification number (EIN) of SEPP DEVOLOPMENT FUND CORP is 16-1241738.
- Is SEPP DEVOLOPMENT FUND CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to SEPP DEVOLOPMENT FUND CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SEPP DEVOLOPMENT FUND CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SEPP DEVOLOPMENT FUND CORP due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SEPP DEVOLOPMENT FUND CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SEPP DEVOLOPMENT FUND CORP?
- The 990 for the year ended June 30, 2025 names JOHN BERNARDO.
- Who are the officers and directors of SEPP DEVOLOPMENT FUND CORP?
- The 990 for the year ended June 30, 2025 lists 23 people; 0 received compensation from the organization.
- How much revenue does SEPP DEVOLOPMENT FUND CORP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $713,632, expenses of $542,108 and total assets of $1,366,902 at year end.
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All nonprofits in BINGHAMTON · New York · Housing and shelter