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      <TotLiabNetAssetsFundBalanceGrp>
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      <ReconcilationRevenueExpnssAmt>-900907</ReconcilationRevenueExpnssAmt>
      <NetUnrlzdGainsLossesInvstAmt>76378</NetUnrlzdGainsLossesInvstAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>true</FSAuditedInd>
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        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
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      <AuditCommitteeInd>true</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
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    <IRS990ScheduleA documentId="RetDoc8">
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        <CurrentTaxYearMinus1YearAmt>5065134</CurrentTaxYearMinus1YearAmt>
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      <Total509Grp>
        <CurrentTaxYearMinus4YearsAmt>4988008</CurrentTaxYearMinus4YearsAmt>
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        <CurrentTaxYearMinus1YearAmt>5065134</CurrentTaxYearMinus1YearAmt>
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        <CurrentTaxYearMinus4YearsAmt>17181</CurrentTaxYearMinus4YearsAmt>
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      <PublicSupportCY509Pct>0.98760</PublicSupportCY509Pct>
      <PublicSupportPY509Pct>0.99150</PublicSupportPY509Pct>
      <InvestmentIncomeCYPct>0.01000</InvestmentIncomeCYPct>
      <InvestmentIncomePYPct>0.01000</InvestmentIncomePYPct>
      <ThirtyThrPctSuprtTestsCY509Ind>X</ThirtyThrPctSuprtTestsCY509Ind>
      <Form990ScheduleAPartVIGrp>
        <FormAndLineReferenceDesc>PART III, LINE 12</FormAndLineReferenceDesc>
        <ExplanationTxt>OTHER INCOME 19,890</ExplanationTxt>
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    </IRS990ScheduleA>
    <IRS990ScheduleD documentId="RetDoc3">
      <AgentTrusteeEtcInd>false</AgentTrusteeEtcInd>
      <InclEscrowCustodialAcctLiabInd>true</InclEscrowCustodialAcctLiabInd>
      <ExplanationProvidedInd>X</ExplanationProvidedInd>
      <BuildingsGrp>
        <OtherCostOrOtherBasisAmt>35466516</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>29245385</DepreciationAmt>
        <BookValueAmt>6221131</BookValueAmt>
      </BuildingsGrp>
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>2253302</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>1296870</DepreciationAmt>
        <BookValueAmt>956432</BookValueAmt>
      </EquipmentGrp>
      <TotalBookValueLandBuildingsAmt>7177563</TotalBookValueLandBuildingsAmt>
      <OtherAssetsOrgGrp>
        <Desc>FUNDING RESERVE</Desc>
        <BookValueAmt>1934667</BookValueAmt>
      </OtherAssetsOrgGrp>
      <OtherAssetsOrgGrp>
        <Desc>TENANT SECURITY DEPOSIT</Desc>
        <BookValueAmt>393414</BookValueAmt>
      </OtherAssetsOrgGrp>
      <OtherAssetsOrgGrp>
        <Desc>OTHER RECEIVABLES</Desc>
        <BookValueAmt>30343</BookValueAmt>
      </OtherAssetsOrgGrp>
      <TotalBookValueOtherAssetsAmt>2358424</TotalBookValueOtherAssetsAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>PREPAID RENT</Desc>
        <Amt>58759</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>58759</TotalLiabilityAmt>
      <TotalRevEtcAuditedFinclStmtAmt>5321200</TotalRevEtcAuditedFinclStmtAmt>
      <NetUnrealizedGainsInvstAmt>76378</NetUnrealizedGainsInvstAmt>
      <RevenueNotReportedAmt>76378</RevenueNotReportedAmt>
      <RevenueSubtotalAmt>5244822</RevenueSubtotalAmt>
      <TotalRevenuePerForm990Amt>5244822</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>6145729</TotExpnsEtcAuditedFinclStmtAmt>
      <ExpensesSubtotalAmt>6145729</ExpensesSubtotalAmt>
      <TotalExpensesPerForm990Amt>6145729</TotalExpensesPerForm990Amt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 2, PART IV, LINE 2B</FormAndLineReferenceDesc>
        <ExplanationTxt>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.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleD>
    <IRS990ScheduleJ documentId="RetDoc4">
      <SeverancePaymentInd>false</SeverancePaymentInd>
      <SupplementalNonqualRtrPlanInd>false</SupplementalNonqualRtrPlanInd>
      <EquityBasedCompArrngmInd>false</EquityBasedCompArrngmInd>
      <CompBasedOnRevenueOfFlngOrgInd>false</CompBasedOnRevenueOfFlngOrgInd>
      <CompBsdOnRevRelatedOrgsInd>false</CompBsdOnRevRelatedOrgsInd>
      <CompBsdNetEarnsFlngOrgInd>false</CompBsdNetEarnsFlngOrgInd>
      <CompBsdNetEarnsRltdOrgsInd>false</CompBsdNetEarnsRltdOrgsInd>
      <AnyNonFixedPaymentsInd>false</AnyNonFixedPaymentsInd>
      <InitialContractExceptionInd>false</InitialContractExceptionInd>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>FATHER LOUIS GIGANTE</PersonNm>
        <TitleTxt>CHAIRMAN</TitleTxt>
        <CompensationBasedOnRltdOrgsAmt>100000</CompensationBasedOnRltdOrgsAmt>
        <OtherCompensationRltdOrgsAmt>976392</OtherCompensationRltdOrgsAmt>
        <TotalCompensationRltdOrgsAmt>1076392</TotalCompensationRltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>SALVATORE GIGANTE</PersonNm>
        <TitleTxt>CHIEF OPERATING OFFI</TitleTxt>
        <OtherCompensationRltdOrgsAmt>287147</OtherCompensationRltdOrgsAmt>
        <TotalCompensationRltdOrgsAmt>287147</TotalCompensationRltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
    </IRS990ScheduleJ>
    <IRS990ScheduleL documentId="RetDoc5">
      <BusTrInvolveInterestedPrsnGrp>
        <NameOfInterested>
          <PersonNm>BUILDING MANAGEMENT ASSOCIATION</PersonNm>
        </NameOfInterested>
        <RelationshipDescriptionTxt>OFFICER/DIRECTO</RelationshipDescriptionTxt>
        <TransactionAmt>404298</TransactionAmt>
        <TransactionDesc>PROPERY MGMT</TransactionDesc>
        <SharingOfRevenuesInd>false</SharingOfRevenuesInd>
      </BusTrInvolveInterestedPrsnGrp>
      <BusTrInvolveInterestedPrsnGrp>
        <NameOfInterested>
          <PersonNm>TIFFANY MAINTENANCE CO INC</PersonNm>
        </NameOfInterested>
        <RelationshipDescriptionTxt>OFFICER/DIRECTO</RelationshipDescriptionTxt>
        <TransactionAmt>652715</TransactionAmt>
        <TransactionDesc>MAINT. &amp; REPAIR</TransactionDesc>
        <SharingOfRevenuesInd>false</SharingOfRevenuesInd>
      </BusTrInvolveInterestedPrsnGrp>
      <BusTrInvolveInterestedPrsnGrp>
        <NameOfInterested>
          <PersonNm>SENTRY SECURITY</PersonNm>
        </NameOfInterested>
        <RelationshipDescriptionTxt>OFFICER/DIRECT</RelationshipDescriptionTxt>
        <TransactionAmt>272761</TransactionAmt>
        <TransactionDesc>SECURITY</TransactionDesc>
        <SharingOfRevenuesInd>false</SharingOfRevenuesInd>
      </BusTrInvolveInterestedPrsnGrp>
    </IRS990ScheduleL>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 2</FormAndLineReferenceDesc>
        <ExplanationTxt>FATHER LOUIS GIGANTE SALVATORE GIGANTE CHAIRPERSON CHIEF OPERAT FAMILY RELATED</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION OWNS APARTMENT BUILDINGS CONSTRUCTED AND MAINTAINED TO PROVIDE LOW INCOME HOUSING. THE BUILDINGS ARE MANAGED BY BUILDING MANAGEMENT ASSOCIATES, INC., A REAL ESTATE PROPERTY MANAGEMENT COMPANY, WHICH IS OWNED BY AN OFFICER AND BOARD MEMBER OF THE REPORTING ORGANIZATION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION'S 990 IS REVIEWED AND APPROVED BY CONTROLLER AND CHIEF OPERATING OFFICER BEFORE IT IS FINALIZED AND ISSUED.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>DOCUMENTS, WHICH ARE PUBLIC RECORD, ARE AVAILABLE FROM NY SECRETARY OF STATE.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc7">
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>SEBCO DEVELOPMENT INC</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>885 BRUCKNER BLVD</AddressLine1Txt>
          <CityNm>BRONX</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>10459</ZIPCd>
        </USAddress>
        <EIN>132944013</EIN>
        <PrimaryActivitiesTxt>DEVELOPMEN</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>NY</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501C3</ExemptCodeSectionTxt>
        <PublicCharityStatusTxt>7</PublicCharityStatusTxt>
        <DirectControllingNACd>N/A</DirectControllingNACd>
        <ControlledOrganizationInd>false</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <ReceiptOfIntAnntsRntsRyltsInd>false</ReceiptOfIntAnntsRntsRyltsInd>
      <GiftGrntOrCapContriToOthOrgInd>false</GiftGrntOrCapContriToOthOrgInd>
      <GiftGrntCapContriFromOthOrgInd>false</GiftGrntCapContriFromOthOrgInd>
      <LoansOrGuaranteesToOtherOrgInd>false</LoansOrGuaranteesToOtherOrgInd>
      <LoansOrGuaranteesFromOthOrgInd>false</LoansOrGuaranteesFromOthOrgInd>
      <DivRelatedOrganizationInd>false</DivRelatedOrganizationInd>
      <AssetSaleToOtherOrgInd>false</AssetSaleToOtherOrgInd>
      <AssetPurchaseFromOtherOrgInd>false</AssetPurchaseFromOtherOrgInd>
      <AssetExchangeInd>false</AssetExchangeInd>
      <RentalOfFacilitiesToOthOrgInd>false</RentalOfFacilitiesToOthOrgInd>
      <RentalOfFcltsFromOthOrgInd>false</RentalOfFcltsFromOthOrgInd>
      <PerformOfServicesForOthOrgInd>false</PerformOfServicesForOthOrgInd>
      <PerformOfServicesByOtherOrgInd>false</PerformOfServicesByOtherOrgInd>
      <SharingOfFacilitiesInd>false</SharingOfFacilitiesInd>
      <PaidEmployeesSharingInd>false</PaidEmployeesSharingInd>
      <ReimbursementPaidToOtherOrgInd>false</ReimbursementPaidToOtherOrgInd>
      <ReimbursementPaidByOtherOrgInd>false</ReimbursementPaidByOtherOrgInd>
      <TransferToOtherOrgInd>false</TransferToOtherOrgInd>
      <TransferFromOtherOrgInd>false</TransferFromOtherOrgInd>
    </IRS990ScheduleR>
  </ReturnData>
</Return>