Sebco Development Inc
Sebco Development Inc. frequently operates with deficits, but maintains stable assets and reports no officer compensation.
EIN: 132944013 · Bronx, NY · NTEE: L210 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $3.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $8,083,949 |
| Net Assets | $7.2M |
| Transparency Score | 75/100 |
Is Sebco Development Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sebco Development Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sebco Development Inc
Sebco Development Inc (EIN: 132944013) is a nonprofit organization based in Bronx, NY, classified under NTEE code L210. The organization reported total revenue of $1.8M and total assets of $8.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sebco Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sebco Development Inc is a mid-size nonprofit that has been operating for 47 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $3.5M |
| Surplus / Deficit | $-874,877 |
| Total Assets | $8.3M |
| Total Liabilities | $1.1M |
| Net Assets | $7.2M |
| Operating Margin | -32.9% |
| Debt-to-Asset Ratio | 12.8% |
| Months of Reserves | 28.2 months |
Financial Health Grade: B
In 2023, Sebco Development Inc reported a deficit of $875K with expenses exceeding revenue, holds 28.2 months of operating reserves (strong position), has a debt-to-asset ratio of 12.8% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Sebco Development Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +121.4% | +104.2% | -12.9% |
| 2022 | -35.4% | -10.3% | +1.0% |
| 2020 | -7.0% | +4.4% | -1.3% |
| 2019 | +0.4% | +1.9% | +5.3% |
| 2018 | +6.3% | -15.6% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sebco Development Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Sebco Development Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $875K, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.8%.
Executive Compensation Analysis
Sebco Development Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its size and asset base ($8,083,949).
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Sebco Development Inc's IRS 990 filings:
- Recurring operating deficits (e.g., 202304: Expenses $3.5M vs. Revenue $2.6M)
- Unusually low (0%) reported officer compensation for an organization of this size, which may obscure actual leadership costs or indicate reliance on external support.
Strengths
The following positive indicators were identified for Sebco Development Inc:
- Consistent reporting of 0% officer compensation, indicating resources are not allocated to executive salaries.
- Stable asset base over time, suggesting financial resilience despite operating deficits (e.g., $8.3M in 202304, $9.5M in 202204).
Frequently Asked Questions about Sebco Development Inc
Is Sebco Development Inc a legitimate charity?
Sebco Development Inc (EIN: 132944013) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.8M. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Sebco Development Inc spend its money?
Sebco Development Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Sebco Development Inc tax-deductible?
Sebco Development Inc is registered as a tax-exempt nonprofit (EIN: 132944013). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Sebco Development Inc CEO make?
Sebco Development Inc's highest-compensated officer earns $8,083,949 annually. The organization reported $1.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Sebco Development Inc's spending goes to programs?
Sebco Development Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sebco Development Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Sebco Development Inc is above average for NTEE category L210 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sebco Development Inc located?
Sebco Development Inc is headquartered in Bronx, New York and files with the IRS under EIN 132944013. It is classified under NTEE code L210.
How many years of IRS 990 filings does Sebco Development Inc have?
Sebco Development Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.8M in total revenue.
Is Sebco Development Inc. financially stable given its recurring operating deficits?
While Sebco Development Inc. has experienced operating deficits in multiple years (e.g., 202304, 202204, 202004), its asset base has remained relatively stable, suggesting it may be drawing from reserves or has other non-operating income sources. However, consistent deficits could pose long-term sustainability challenges if not addressed.
How does Sebco Development Inc. manage to operate without paying officer compensation?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this size. This could indicate that officers are volunteers, compensated through a related entity, or that compensation is reported under a different category not explicitly labeled as 'officer compensation' on the 990 form.
What caused the significant revenue spike in 2016 ($6,192,961) compared to other years?
The provided data does not specify the reason for the 2016 revenue spike. It could be due to a large one-time grant, a significant capital campaign, or a change in funding model for that period. Further investigation into the 2016 990 filing's revenue breakdown would be necessary.
Filing History
IRS 990 filing history for Sebco Development Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Sebco Development Inc's revenue has grown by 165.5%, moving from $1.0M to $2.7M. Total assets increased by 76.9% over the same period, from $4.7M to $8.3M. Total functional expenses rose by 205.1%, from $1.2M to $3.5M. In its most recent filing year (2023), Sebco Development Inc reported a deficit of $875K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $8.3M in assets (debt-to-asset ratio: 12.8%), resulting in net assets of $7.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $3.5M | $8.3M | $1.1M | — | View 990 |
| 2022 | $1.2M | $1.7M | $9.5M | $1.4M | — | View 990 |
| 2020 | $1.9M | $1.9M | $9.4M | $966K | — | View 990 |
| 2019 | $2.0M | $1.8M | $9.6M | $1.0M | — | View 990 |
| 2018 | $2.0M | $1.8M | $9.1M | $731K | — | View 990 |
| 2017 | $1.9M | $2.1M | $9.2M | $1.0M | — | View 990 |
| 2016 | $6.2M | $2.5M | $10.1M | $1.6M | — | View 990 |
| 2015 | $3.3M | $2.9M | $6.0M | $1.2M | — | — |
| 2014 | $2.2M | $2.2M | $4.6M | $1.1M | — | View 990 |
| 2013 | $1.8M | $1.9M | $4.7M | $1.2M | — | View 990 |
| 2012 | $1.0M | $1.1M | $4.3M | $634K | — | View 990 |
| 2011 | $1.0M | $1.2M | $4.7M | $906K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $3.5M, and assets of $8.3M (revenue +121.4% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.7M, and assets of $9.5M (revenue -35.4% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.9M, and assets of $9.4M (revenue -7.0% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.8M, and assets of $9.6M (revenue +0.4% year-over-year).
- 2018: Revenue of $2.0M, expenses of $1.8M, and assets of $9.1M (revenue +6.3% year-over-year).
- 2017: Revenue of $1.9M, expenses of $2.1M, and assets of $9.2M (revenue -69.7% year-over-year).
- 2016: Revenue of $6.2M, expenses of $2.5M, and assets of $10.1M (revenue +85.6% year-over-year).
- 2015: Revenue of $3.3M, expenses of $2.9M, and assets of $6.0M (revenue +51.0% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.2M, and assets of $4.6M (revenue +23.3% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.9M, and assets of $4.7M (revenue +79.1% year-over-year).
- 2012: Revenue of $1.0M, expenses of $1.1M, and assets of $4.3M (revenue -0.2% year-over-year).
- 2011: Revenue of $1.0M, expenses of $1.2M, and assets of $4.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sebco Development Inc:
Data Sources and Methodology
This transparency report for Sebco Development Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.