Nonprofits›Sebco Development Inc

Housing & Shelter

Sebco Development Inc

BRONX, NY

Website

Total revenue

$1.8M

Total expenses

$2.1M

Net assets

$6.5M

Grants received

$300

1 grants

EIN

132944013

Tax year

2024

Mission

Sebco development, inc. Is a community based housing development company located in the south bronx of new york city. 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 edlerly.

Programs

2 programs

Elderly nutrition program under contract with the new york city department for the aging.

Expenses: $500K

Social services to residents of the housing developed by the organization to stabilize the neighborhood.

Expenses: $66K

Financials

FY 2024

Revenue

Contributions & grants$91K
Program service revenue$500K
Investment income$110K
Other revenue$1.1M
Total revenue$1.8M

Expenses

Grants paid—
Salaries & benefits$837K
Fundraising—
Other expenses$1.3M
Total expenses$2.1M
Total assets$8.1M
Net assets$6.5M

People

8 listed

NameRoleCompensation

SALVATORE GIGANTE

CEO/DIRECTOR

Board

$157K

36 hrs/wk

SONAL SHAH

CONTROLLER

Board

$145K

30 hrs/wk

ANGELA DAVIS FARRISH

CHIEF EXECUTIVE DIRECTOR

Board

$35K

30 hrs/wk

ENRICO BOCCIA

CHAIR

Board

—

0

VALERIE TORRES

DIRECTOR

Board

—

0

JASON BOROFF

DIRECTOR

Board

—

0

EVELYN VELASQUEZ

TREASURER/SECRETARY

Board

—

0

HENRY COMAS

DIRECTOR

Board

—

0

Grants received

Showing 1 of 1

FromAmountPurposeYear
DOLGIN FOUNDATION INC
$300
COMMUNITY DEVELOPMENT PROGRAMS
2018

Funded by

$300 from 1 funder · 1 grant · 2018

Dolgin Foundation Inc

$300 · 1 grant · 2018

Details

EIN132944013
NTEE codeL210
Subsection03
Ruling date1979-02
Formed1978
Employees41
Volunteers0
SEBCO DEVELOPMENT INC — Mission, Financials & Grants Received | Grantivo