Overview
What is Sebco Housing Development Fund Company Inc?
Sebco Housing Development Fund Company Inc, located in Bronx, New York, is a nonprofit organization dedicated to providing affordable housing options for the elderly and handicapped. Established under Section 202 of the Federal Housing Act of 1959, this organization has a mission to make a significant impact in the community by offering suitable living spaces. With a team of four employees, Sebco ensures the provision of comfortable and affordable accommodations, contributing to the overall well-being of its residents.
Is Sebco Housing Development Fund Company Inc legitimate?
Sebco Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sebco Housing Development Fund Company Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $148,748
For more financial information, click here
What is the mission statement of Sebco Housing Development Fund Company Inc?
Sebco Housing Development Fund Company Inc is committed to providing affordable housing for the elderly and individuals with disabilities, in line with Section 202 of the Federal Housing Act of 1959. Their mission is to ensure that these vulnerable groups have access to suitable housing accommodations, thereby enhancing their quality of life. The company's activities primarily focus on meeting the housing needs of this specific demographic, thereby contributing to their overall well-being and independence.
Who is the CEO of Sebco Housing Development Fund Company Inc?
Salvatore Gigante is the Chair of Sebco Housing Development Fund Company Inc.
What is the revenue of Sebco Housing Development Fund Company Inc?
Sebco Housing Development Fund Company Inc's revenue in 2022 was $1,912,044.
Who are the executives of Sebco Housing Development Fund Company Inc and what are their salaries?
The average compensation at Sebco Housing Development Fund Company Inc during 2022 was $37,187. There are 4 employees at Sebco Housing Development Fund Company Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $800
- Other: $0
- Compensation: $0
- Related: $800
- Other: $0
- Compensation: $0
- Related: $216,439
- Other: $0
- Compensation: $0
- Related: $133,882
- Other: $0
Where can I find the form 990 for Sebco Housing Development Fund Company Inc?
Sebco Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sebco Housing Development Fund Company Inc
Sebco Housing Development Fund Company Inc, a nonprofit organization, is dedicated to providing affordable housing options for the elderly and individuals with disabilities. This mission is grounded in Section 202 of the Federal Housing Act of 1959, a legislative framework that guides their efforts. By adhering to this act, Sebco Housing Development Fund Company Inc strives to create living spaces that are accessible and economically viable for this specific group of individuals, ensuring they can live with dignity and independence.
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Impact
August, 2024
Sebco Housing Development Fund Company Inc's impact lies in providing essential affordable housing for the elderly and handicapped individuals under Section 202 of the Federal Housing Act of 1959. By offering this crucial housing support in the Bronx, NY, Sebco plays a significant role in addressing the housing needs of vulnerable populations. This initiative ensures that elderly and handicapped individuals have access to safe and stable housing, enhancing their overall quality of life and promoting community well-being. Through its focused mission, Sebco positively contributes to creating a more inclusive and supportive living environment for those in need within the community.
This information is meant to be a general summary of Sebco Housing Development Fund Company Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $832
- Program Service Revenue: $1,911,212
- Gross Receipts: $1,912,044
Assets and Liabilities:
- Total Assets: $1,930,669
- Total Liabilities: $5,791,354
- Net Assets: -$3,860,685
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,685,679
SERVICE COORDINATOR
Revenue
$225,533
Organization Details
Phone
(347) 726-2547Principal Officer
Salvatore Gigante
Main Address
429 BRUCKNER BLVD 2ND FLOOR, BRONX, NY, 10455
NTEE Category
Code: L210 - Housing
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