Sepp Management Company Inc
- Assets
- $1.0m
- Revenue
- $532.1k
- Investments
- $0.0
- Employees
- 32
- Location
- Binghamton, NY
- Founding
- 10/1992
- Data as of
- 06/2022
- 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 06/2022, Sepp Management Company Inc employed 32 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 06/2022, Sepp Management Company Inc generated $532.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $712.4k during the year ending 06/2022. 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
2022
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 |
|---|---|---|---|
John Bernardo Executive Director | Officer | 1 | $145,689 |
Daniel Schofield Secretary | OfficerTrustee | 2 | $0 |
Thomas Augostini Treasurer | OfficerTrustee | 2 | $0 |
Thomas Dellapenna Vice Chairperson | OfficerTrustee | 2 | $0 |
Benjamin Federman Chairperson | OfficerTrustee | 2 | $0 |
Len Basso Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $89,828 |
| 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 | $89,828 |
| Total Program Service Revenue | $572,795 |
| Investment income | $71 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$203,509 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $532,055 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100 |
| 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. | $145,689 |
| Compensation of current officers, directors, key employees. | $21,853 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $242,977 |
| Pension plan accruals and contributions | $33,385 |
| Other employee benefits | $37,871 |
| Payroll taxes | $12,286 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,053 |
| 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 | $33,935 |
| Advertising and promotion | $4,646 |
| Office expenses | $4,929 |
| Information technology | $1,114 |
| Royalties | $0 |
| Occupancy | $22,713 |
| Travel | $28,313 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,999 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,792 |
| Insurance | $14,059 |
| All other expenses | $35,015 |
| Total functional expenses | $712,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,500 |
| Savings and temporary cash investments | $359,697 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $354,034 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,845 |
| Prepaid expenses and deferred charges | $953 |
| Net Land, buildings, and equipment | $145,636 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,041,665 |
| Accounts payable and accrued expenses | $81,373 |
| 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 | $112,373 |
| Net assets without donor restrictions | $929,292 |
| 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 | $1,041,665 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sepp Management Company Inc has recieved totaling $9,215.
| Awarding Organization | Amount |
|---|---|
Community Foundation For South Central New York Inc Johnson City, NY PURPOSE: WELLS APARTMENTS UPDATES | $9,215 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Center For Civic Innovation Inc New York, NY | $21,208,939 | $12,582,443 |
Masschallenge Boston, MA | $11,733,602 | $12,993,021 |
Ben Franklin Technology Center Of Southeastern Pennsylvania Philadelphia, PA | $114,107,980 | $9,362,495 |
Entrepreneurship For All Inc Lowell, MA | $9,819,862 | $9,183,052 |
Trenton Business Assistance Corporation Mercerville, NJ | $91,160,866 | $14,574,637 |
Economic Progress Alliance Of Crawford County Meadville, PA | $32,588,545 | $5,037,136 |
Trickle Up Program Inc New York, NY | $7,710,130 | $4,721,602 |
Commonwealth Kitchen Inc Dorchester, MA | $6,037,148 | $6,037,848 |
Manufacturers Resource Center Allentown, PA | $3,950,399 | $3,151,417 |
Spedd Inc Vandergrift, PA | $27,841,148 | $4,019,412 |
World Trade Center Small Business Recovery Fund Inc Albany, NY | $0 | $35,625 |
Latin American Venture Capital Association New York, NY | $0 | $1,998,213 |