Sebco Housing Development Fund
Sebco Housing Development Fund faces significant financial challenges with persistent negative revenues in past years and high liabilities relative to assets.
EIN: 133180527 · Bronx, NY · NTEE: L210 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.7M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1.7 |
| Net Assets | $-3,854,890 |
| Transparency Score | 45/100 |
Is Sebco Housing Development Fund Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sebco Housing Development Fund directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sebco Housing Development Fund
Sebco Housing Development Fund (EIN: 133180527) is a nonprofit organization based in Bronx, NY, classified under NTEE code L210. The organization reported total revenue of $1.7M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sebco Housing Development Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sebco Housing Development Fund is a mid-size nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$6K |
| Total Assets | $1.8M |
| Total Liabilities | $5.7M |
| Net Assets | $-3,854,890 |
| Operating Margin | 0.3% |
| Debt-to-Asset Ratio | 310.9% |
| Months of Reserves | 12.9 months |
Financial Health Grade: A
In 2023, Sebco Housing Development Fund reported a surplus of $6K with revenue exceeding expenses, holds 12.9 months of operating reserves (strong position), has a debt-to-asset ratio of 310.9% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.8% | -23.6% | -5.3% |
| 2022 | +17.8% | +26.9% | -18.6% |
| 2019 | -1637.0% | — | -11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1983 |
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 Housing Development Fund with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Sebco Housing Development Fund allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 surplus of $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 310.9%.
Executive Compensation Analysis
No officer compensation has been reported across all 13 available filings, which is unusual for an organization with revenues exceeding $1.7 million in 2023, suggesting either a fully volunteer executive team or compensation being categorized differently.
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 Housing Development Fund's IRS 990 filings:
- Consistent negative revenues in multiple past years (e.g., 2014-2020)
- Liabilities significantly and consistently exceed assets (e.g., $5.68M liabilities vs. $1.82M assets in 2023)
- No reported officer compensation despite significant revenue, raising transparency concerns
- Significant decrease in assets from $3.97M in 2014 to $1.82M in 2023
Strengths
The following positive indicators were identified for Sebco Housing Development Fund:
- Recent years (2021-2023) show positive revenue generation
- Mission-aligned NTEE code (L210 - Housing Development, Construction & Management)
Frequently Asked Questions about Sebco Housing Development Fund
Is Sebco Housing Development Fund a legitimate charity?
Sebco Housing Development Fund (EIN: 133180527) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 45/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.7M. 4 red flags identified. 2 strengths noted. Financial health grade: A.
How does Sebco Housing Development Fund spend its money?
Sebco Housing Development Fund directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Sebco Housing Development Fund tax-deductible?
Sebco Housing Development Fund is registered as a tax-exempt nonprofit (EIN: 133180527). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Sebco Housing Development Fund CEO make?
Sebco Housing Development Fund's highest-compensated officer earns $1.7 annually. The organization reported $1.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Sebco Housing Development Fund's spending goes to programs?
Sebco Housing Development Fund directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sebco Housing Development Fund compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Sebco Housing Development Fund is near 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 Housing Development Fund located?
Sebco Housing Development Fund is headquartered in Bronx, New York and files with the IRS under EIN 133180527. It is classified under NTEE code L210.
How many years of IRS 990 filings does Sebco Housing Development Fund have?
Sebco Housing Development Fund has 13 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 $1.7M in total revenue.
Is Sebco Housing Development Fund financially stable?
The organization's financial stability is questionable due to a history of negative revenues and liabilities consistently exceeding assets by a substantial margin (e.g., $5.68M liabilities vs. $1.82M assets in 2023).
Why were revenues negative in multiple years?
The filings show negative revenues in several years (e.g., -$227,584 in 2020, -$411,989 in 2019), which could indicate significant losses from operations, investment losses, or specific accounting treatments for certain income streams.
How does Sebco Housing Development Fund manage its high liabilities?
With liabilities consistently in the range of $5.6M to $6.3M against assets that are significantly lower, the organization likely relies on long-term debt or specific funding structures that allow for such a balance sheet, though this poses a risk.
Who leads the organization if no officer compensation is reported?
The absence of reported officer compensation suggests either a volunteer leadership structure or that executive compensation is included within other expense categories, which reduces transparency.
What is the breakdown of expenses beyond total expenses?
The provided data only includes total expenses. A detailed breakdown of program, administrative, and fundraising expenses would be necessary to fully assess spending efficiency.
Filing History
IRS 990 filing history for Sebco Housing Development Fund showing financial trends over 13 years of public records:
Total assets decreased by 62.2% over the same period, from $4.8M to $1.8M. In its most recent filing year (2023), Sebco Housing Development Fund reported a surplus of $6K, with revenue exceeding expenses. The organization holds $5.7M in liabilities against $1.8M in assets (debt-to-asset ratio: 310.9%), resulting in net assets of $-3,854,890.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.7M | $1.8M | $5.7M | — | — |
| 2022 | $1.9M | $2.2M | $1.9M | $5.8M | — | View 990 |
| 2021 | $1.6M | $1.8M | $2.4M | $5.9M | — | View 990 |
| 2020 | $-227,584 | $0 | $2.6M | $6.0M | — | View 990 |
| 2019 | $-411,989 | $0 | $2.7M | $5.9M | — | View 990 |
| 2018 | $27K | $0 | $3.0M | $5.8M | — | View 990 |
| 2017 | $-49,946 | $0 | $3.0M | $5.9M | — | — |
| 2016 | $-179,798 | $0 | $3.2M | $6.0M | — | View 990 |
| 2015 | $-155,163 | $0 | $3.7M | $6.3M | — | View 990 |
| 2014 | $-137,448 | $0 | $4.0M | $6.4M | — | View 990 |
| 2013 | $-121,658 | $0 | $4.2M | $6.5M | — | View 990 |
| 2012 | $-144,690 | $0 | $4.4M | $6.6M | — | View 990 |
| 2011 | $-139,928 | $0 | $4.8M | $6.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.7M, and assets of $1.8M (revenue -10.8% year-over-year).
- 2022: Revenue of $1.9M, expenses of $2.2M, and assets of $1.9M (revenue +17.8% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.8M, and assets of $2.4M.
- 2020: Revenue of $-227,584, expenses of $0, and assets of $2.6M.
- 2019: Revenue of $-411,989, expenses of $0, and assets of $2.7M (revenue -1637.0% year-over-year).
- 2018: Revenue of $27K, expenses of $0, and assets of $3.0M.
- 2017: Revenue of $-49,946, expenses of $0, and assets of $3.0M.
- 2016: Revenue of $-179,798, expenses of $0, and assets of $3.2M.
- 2015: Revenue of $-155,163, expenses of $0, and assets of $3.7M.
- 2014: Revenue of $-137,448, expenses of $0, and assets of $4.0M.
- 2013: Revenue of $-121,658, expenses of $0, and assets of $4.2M.
- 2012: Revenue of $-144,690, expenses of $0, and assets of $4.4M.
- 2011: Revenue of $-139,928, expenses of $0, and assets of $4.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sebco Housing Development Fund:
Data Sources and Methodology
This transparency report for Sebco Housing Development Fund 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.