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Sebco Development Inc.

Sebco Development Inc.

Bronx, NY 10459
Tax ID13-2944013

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About this organization

Revenue

$2,000,898

Expenses

$1,848,779

Website

sebcodevelopment.org

Mission

Sebco Development, Inc. is a community based housing development company located in the South Bronx of New York City, the poorest congressional districts in the United States. In its forty years, it has developed more than 6,000 units of subsidized housing. It continues to develop housing, as well as providing social services, transitional housing for the homeless and meals for the elderly.

About

Housing development for low income, elderly and the disabled.

Interesting data from their 2020 990 filing

The filing specifies the mission of the non-profit as “Sebco development, inc. is a community based housing development company located in the south bronx of new york city, the poorest congressional districts in the united states. in its forty years, it has developed more than 6,000 units of subsidized housing. it continues to develop housing, as well as providing social services, transitional housing for the homeless and meals for the elderly.”.

When explaining its duties, they were described as: “Sebco development, inc. is a community based housing development company located in the south bronx of new york city, the poorest congressional districts in the united states. in its forty years, it has developed more than 6,000 units of subsidized housing. it continues to develop housing, as well as providing social services, transitional housing for the homeless and meals for the elderly.”.

  • The state in which the non-profit is authorized to operate legally is NY.
  • According to the filing, the address of the non-profit for the year 2020 is 166 ARCHBRIDGE ROAD, GHENT, NY, 12065.
  • The non-profit has reported 26 employees on their form for the year 2020.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $152,119.
  • The CEO compensation strategy within the organization is determined through a thorough evaluation and endorsement by an independent source.
  • The organization has 2 independent voting members.
  • The organization was formed in 1978.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule O.
  • The organization pays $855,426 in salary, compensation, and benefits to its employees.
  • The organization pays $49,239 in fundraising expenses.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization has a business related family member transaction.
  • The organization has a business related organization transaction.
  • The organization's financial statements were reviewed by an accountant.

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