HUNTS POINT HOUSING DEVELOPMENT FUND CORPORATION: Form 990, tax year 2010
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- Organization
- HUNTS POINT HOUSING DEVELOPMENT FUND CORPORATION (EIN 13-3574304)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-11-21
- IRS object ID
- 201123259349300107
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-21T09:28:55-06:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AG AARONSON CPA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 386 PARK AVE SOUTH SUITE 1200 | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10016 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 133574304 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HUNTS POINT HOUSING DEVELOPMENT | BusinessNameLine1 |
| Business Name Line2 | CORPORATION | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | HUNT | NameControl |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 885 BRUCKNER BLVD | AddressLine1 |
| City | BRONX | City |
| State | NY | State |
| ZIP Code | 10459 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SALVATORE GIGANTE | Name |
| Title | VP | Title |
| Date Signed | 2011-11-18 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | A G AARONSON | Name |
| Phone | 2126845770 | Phone |
| Date Prepared | 2011-11-18 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 4147195 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | N/A | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | THE COMPANY OWNS AND OPERATES LOW INCOME HOUSING IN THE SOUTH BRONX IN ADDITION THE COMPANY PROVIDES SOCIAL SERVICES FOR THE TENANTS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 10 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 36 | TotalNbrEmployees |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 3909535 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 4035362 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 105913 | InvestmentIncomePriorYear |
| Investment Income Current Year | 111833 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 4015448 | TotalRevenuePriorYear |
| Total Revenue Current Year | 4147195 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 572930 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 578072 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 4260023 | OtherExpensePriorYear |
| Other Expenses Current Year | 4587602 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 4832953 | TotalExpensesPriorYear |
| Total Expenses Current Year | 5165674 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -817505 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1018479 | RevenuesLessExpensesCY |
| Total Assets BOY | 19336780 | TotalAssetsBOY |
| Total Assets EOY | 18609747 | TotalAssetsEOY |
| Total Liabilities BOY | 37797441 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 38088887 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | -18460661 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | -19479140 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE COMPANY OWNS AND OPERATES LOW INCOME HOUSING IN THE SOUTH BRONX IN ADDITION THE COMPANY PROVIDES SOCIAL SERVICES FOR THE TENANTS. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 5142274 | Expense |
| Description | THE COMPANY CONSTRUCTED LOW INCOME HOUSING IN THE SOUTH BRONX FINANCED WITH FUNDS FROM NYC. THE COMPANY ALSO PROVIDES SOCIAL SERVICES FOR THE TENANTS. | Description |
| Total Program Service Expense | 5142274 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | false | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | true | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 7 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 36 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Form8899 Filed | false | Form8899Filed |
| Form1098 C Filed | false | Form1098CFiled |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Taxable Distributions | false | TaxableDistributions |
| Distribution To Donor | false | DistributionToDonor |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 10 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 7 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | true | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | false | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | false | ConflictOfInterestPolicy |
| Whistleblower Policy | false | WhistleblowerPolicy |
| Document Retention Policy | false | DocumentRetentionPolicy |
| Compensation Process CEO | false | CompensationProcessCEO |
| Compensation Process Other | false | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BUILDING MANAGEMENT | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7186172800 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 885 BRUCKNER BLVD | AddressLine1 |
| City | BRONX | City |
| State | NY | State |
| ZIP Code | 10459 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (11 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| FATHER LOUIS GIGANTE | ||||||
| CHAIRPERSON | 3.00 | X | X | 0 | 150000 | 0 |
| CARMEN REYES | ||||||
| SECRETARY/TR | 1.00 | X | X | 0 | 17828 | 0 |
| ALEJANDRO ROSADO | ||||||
| DIRECTOR | X | 0 | 0 | 0 | ||
| ENRICO BOCCIA | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JOSEPH O'CONNOR | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JUDGE HARRY SILVERMAN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| SR JEANNE ATKINSON | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| SR THOMAS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| LOUIS GACCIONE | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| PEDRO CANTILLO | ||||||
| PRESIDENT | X | 0 | 150000 | 0 | ||
| SALVATORE GIGANTE | ||||||
| VP | 5.00 | X | 0 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp Frm Rltd Orgs | 317828 | TotalReportableCompFrmRltdOrgs |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | false | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | LOW INCOME HOUSING RENTAL | Description |
| Total Revenue Column | 4035362 | TotalRevenueColumn |
| Related Or Exempt Function Income | 4035362 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 4035362 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 111833 | TotalRevenueColumn |
| Related Or Exempt Function Income | 111833 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4147195 | TotalRevenueColumn |
| Related Or Exempt Function Income | 4147195 | RelatedOrExemptFunctionIncome |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 432744 | Total |
| Program Services | 432744 | ProgramServices |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 95568 | Total |
| Program Services | 95568 | ProgramServices |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 49760 | Total |
| Program Services | 49760 | ProgramServices |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 430065 | Total |
| Program Services | 430065 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 71069 | Total |
| Program Services | 71069 | ProgramServices |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23400 | Total |
| Management And General | 23400 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10445 | Total |
| Program Services | 10445 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2327 | Total |
| Program Services | 2327 | ProgramServices |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6499 | Total |
| Program Services | 6499 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 315370 | Total |
| Program Services | 315370 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1003162 | Total |
| Program Services | 1003162 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 144142 | Total |
| Program Services | 144142 | ProgramServices |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| UTILITIES & FUEL | 924488 | 924488 |
| REPAIR & MAINTENANCE | 705784 | 705784 |
| WATER & SEWER | 320725 | 320725 |
| SECURITY | 253165 | 253165 |
| BAD DEBTS | 214082 | 214082 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 162879 | Total |
| Program Services | 162879 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5165674 | Total |
| Program Services | 5142274 | ProgramServices |
| Management And General | 23400 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 743361 | BOY |
| EOY | 865184 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 299901 | BOY |
| EOY | 312974 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 76000 | BOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 139048 | BOY |
| EOY | 147674 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 31430753 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 18341560 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14025106 | BOY |
| EOY | 13089193 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4053364 | BOY |
| EOY | 4194722 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19336780 | BOY |
| EOY | 18609747 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5876302 | BOY |
| EOY | 6159429 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31537046 | BOY |
| EOY | 31537046 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 384093 | BOY |
| EOY | 392412 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37797441 | BOY |
| EOY | 38088887 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -18460661 | BOY |
| EOY | -19479140 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -18460661 | BOY |
| EOY | -19479140 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19336780 | BOY |
| EOY | 18609747 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -1018479 | ReconcilationRevenueExpenses |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3495771 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3332059 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3539285 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3909535 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4035362 | CurrentTaxYear |
| Total | 18312012 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3495771 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3332059 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3539285 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3909535 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4035362 | CurrentTaxYear |
| Total | 18312012 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 18312012 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 126075 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 129520 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 112357 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 105913 | CurrentTaxYearMinus1Year |
| Current Tax Year | 111833 | CurrentTaxYear |
| Total | 585698 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 126075 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 129520 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 112357 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 105913 | CurrentTaxYearMinus1Year |
| Current Tax Year | 111833 | CurrentTaxYear |
| Total | 585698 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3621846 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3461579 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3651642 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 4015448 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4147195 | CurrentTaxYear |
| Total | 18897710 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.96900 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.96930 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.03000 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.03000 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Disclosed Orgs Legal Control | false | DisclosedOrgsLegalControl |
| Disclosed For Charitable Purposes | false | DisclosedForCharitablePurposes |
| Written Policy Monitoring | false | WrittenPolicyMonitoring |
| Sect170h Requirements Satisfied | false | Sect170hRequirementsSatisfied |
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
| Agent Trustee Etc | false | AgentTrusteeEtc |
| Included On FS | false | IncludedOnFS |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
| Are Related Orgs Listed Schedule R | false | AreRelatedOrgsListedScheduleR |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 31022356 | OtherCostOrOtherBasis |
| Depreciation | 18106428 | Depreciation |
| Book Value | 12915928 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 408397 | OtherCostOrOtherBasis |
| Depreciation | 235132 | Depreciation |
| Book Value | 173265 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 13089193 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (3 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| FUNDING RESERVE | 3811093 |
| TENANT SECURITY DEPOSIT | 333479 |
| SECURITY DEPOSIT | 50150 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 4194722 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| TENANTS SECURITY DEPOSIT | $332,334 |
| PREPAID RENT | $60,078 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 392412 | TotalOfAmounts |
| Total Revenue | 4147195 | TotalRevenue |
| Total Expenses | 5165674 | TotalExpenses |
| Excess Or Deficit For Year | -1018479 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | -1018479 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 4147195 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 4147195 | RevenueSubtotal |
| Total Revenue Per Form990 | 4147195 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 5165674 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 5165674 | ExpensesSubtotal |
| Total Expenses Per Form990 | 5165674 | TotalExpensesPerForm990 |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| BUILDING MANAGEMENT ASSOCIATION | |||
| OFFICER/DIRECTO | 430065 | PROPERY MGMT | false |
| TIFFANY MAINTENANCE CO INC | |||
| OFFICER/DIRECTO | 596789 | MAINT. & REPAIR | false |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| RELATED PARTY INFORMATION AMONG OFFICERS | FORM 990, PAGE 6, PART VI, LINE 2 | LOUIS R GIGANTE SALVATORE GIGANTE CHAIRPERSON VP FAMILY RELATED |
| MANAGEMENT DELEGATED | FORM 990, PAGE 6, PART VI, LINE 3 | 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. |
| CLASSES OF MEMBERS OR STOCKHOLDERS | FORM 990, PAGE 6, PART VI, LINE 6 | THE ORGANIZATION IS WHOLLY OWNED BY SEBCO DEVELOPMENT,INC., A NOT-FOR- PROFIT COMMNITY BASED ORGANIZATION. |
| ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 | FORM 990, PAGE 6, PART VI, LINE 11B | THE ORGANIZATION'S 990 IS REVIEWED AND APPROVED BY CONTROLLER AND PRESIDENT BEFORE IT IS FINALIZED AND ISSUED. |
| GOVERNING DOCUMENTS DISCLOSURE EXPLANATION | FORM 990, PAGE 6, PART VI, LINE 19 | DOCUMENTS, WHICH ARE PUBLIC RECORD, ARE AVAILABLE FROM NY SECRETARY OF STATE. |
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