Overview
What is Sebcovip Housing Development Fund Company Inc?
Sebcovip Housing Development Fund Company Inc, located in the South Bronx area of New York City, New York, is a nonprofit organization that specializes in providing housing for individuals with low income, specifically the elderly and those with disabilities. This is achieved through Section 202 of the Federal Housing Act of 1936. The organization sold its property at its fair market value with the approval of the New York State Department of Law in 2014. The mission of Sebcovip Housing Development Fund Company Inc is to offer a secure living environment for this specific demographic, contributing to their well-being and independence in the community.
Official website here: www.sebcodevelopment.org
Is Sebcovip Housing Development Fund Company Inc legitimate?
Sebcovip Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sebcovip 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: $0
For more financial information, click here
Official website here: www.sebcodevelopment.org
What is the mission statement of Sebcovip Housing Development Fund Company Inc?
Sebcovip Housing Development Fund Company Inc's mission is focused on providing housing solutions for individuals from low-income backgrounds, specifically the elderly and physically disabled. This organization operates under Section 202 of the Federal Housing Act of 1936. Their goal is to create a living space that caters to the needs of this particular demographic, ensuring they can reside in comfort and security. Unfortunately, the information does not provide details about any ongoing activities or future plans. The company had previously provided housing in the South Bronx area of New York City, New York, but as per records, the property was sold in 2014.
Official website here: www.sebcodevelopment.org
Who is the CEO of Sebcovip Housing Development Fund Company Inc?
Salvatore Gigante is the Chair of Sebcovip Housing Development Fund Company Inc.
Official website here: www.sebcodevelopment.org
What is the revenue of Sebcovip Housing Development Fund Company Inc?
Sebcovip Housing Development Fund Company Inc's revenue in 2022 was $369,191.
Official website here: www.sebcodevelopment.org
Who are the executives of Sebcovip Housing Development Fund Company Inc and what are their salaries?
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
Official website here: www.sebcodevelopment.org
Where can I find the form 990 for Sebcovip Housing Development Fund Company Inc?
Sebcovip Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sebcodevelopment.org
Learn more at the official website: www.sebcodevelopment.org
Mission Statement of Sebcovip Housing Development Fund Company Inc
Sebcovip Housing Development Fund Company Inc is dedicated to providing housing for individuals with very low incomes who are elderly or disabled. This mission is carried out under Section 202 of the Federal Housing Act of 1936. The organization's primary goal is to offer suitable living accommodations to this specific demographic, ensuring they have a safe and comfortable environment to call home. Unfortunately, the information provided does not include details about the activities or initiatives Sebcovip Housing Development Fund Company Inc undertook to fulfill this mission. However, it is known that the property they managed was sold for its fair market value with the approval of the New York State Department of Law on December 30, 2014.
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Impact
October, 2024
Sebcovip Housing Development Fund Company Inc has made a significant impact by providing affordable housing solutions for very low-income elderly and handicapped individuals in the South Bronx area of New York City. By focusing on this vulnerable demographic, the organization has played a crucial role in addressing the housing needs of those who often face barriers to obtaining safe and accessible living conditions.
Through its initiatives under Section 202 of the Federal Housing Act, Sebcovip ensures that low-income seniors and individuals with disabilities have access to stable housing options that promote independence and dignity. The organization's efforts contribute to enhanced community well-being by alleviating housing insecurity among populations that disproportionately suffer from economic hardships.
In addition to delivering housing, the organization also engages with regulatory frameworks, as noted by its compliance with the New York State Department of Law when selling property. This adherence to legal standards reflects a commitment to ethical practices while managing resources effectively.
Overall, the impact of Sebcovip Housing Development Fund Company Inc extends beyond mere housing provision; it fosters community stability, enhances the quality of life for its residents, and supports broader social equity initiatives in the South Bronx.
This information is meant to be a general summary of Sebcovip 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.
- Gross Receipts: $369,191
Assets and Liabilities:
- Total Assets: $7,443,007
- Total Liabilities: $14,142
- Net Assets: $7,428,865
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Organization Details
Founding Year
1989
Phone
(347) 726-2547Principal Officer
Salvatore Gigante
Main Address
429 BRUCKNER BLVD 2ND FLOOR, BRONX, NY, 10455
Website
www.sebcodevelopment.orgNTEE Category
Code: L200 - Housing
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