Sepp Management Company Inc
- Assets
- $1.2m
- Revenue
- $858.2k
- Investments
- $0.0
- Employees
- 35
- Location
- Binghamton, NY
- Founding
- 10/1992
- Data as of
- 06/2024
- EIN
- 16-1399415
Organization Overview
Sepp Management Company Inc is located in Binghamton, NY. The organization was established in 1992. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2024, Sepp Management Company Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sepp Management Company Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Sepp Management Company Inc generated $858.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $727.6k during the year ending 06/2024. While expenses have increased by 1.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
MANAGES LOW-INCOME HOUSING PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MANAGEMENT SERVICES FOR LOW-INCOME AND SUBSIDIZED HOUSING UNDER SECTION 8 AND SECTION 236 OF THE NATIONAL HOUSING ACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Harder Director | Trustee | 1 | $0 |
Daniel Schofield Secretary | OfficerTrustee | 2 | $0 |
John Mauro Director | Trustee | 1 | $0 |
Stacey Duncan Director | Trustee | 1 | $0 |
Kevin Mclaughlin Vice Chair | OfficerTrustee | 2 | $0 |
Alex Mclaughlin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $147,813 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,813 |
| Total Program Service Revenue | $624,046 |
| Investment income | $21,233 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $858,183 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $148,017 |
| Compensation of current officers, directors, key employees. | $22,203 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $286,863 |
| Pension plan accruals and contributions | $34,892 |
| Other employee benefits | $19,825 |
| Payroll taxes | $15,686 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,051 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,673 |
| Advertising and promotion | $14,856 |
| Office expenses | $27,225 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,912 |
| Travel | $37,800 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,986 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,775 |
| Insurance | $9,264 |
| All other expenses | $9,440 |
| Total functional expenses | $727,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,005 |
| Savings and temporary cash investments | $376,313 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $114,759 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,511 |
| Prepaid expenses and deferred charges | $1,084 |
| Net Land, buildings, and equipment | $178,777 |
| Investments—publicly traded securities | $321,208 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,211,657 |
| Accounts payable and accrued expenses | $129,079 |
| Grants payable | $0 |
| Deferred revenue | $31,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $160,079 |
| Net assets without donor restrictions | $1,051,578 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,211,657 |