Sebco Development Inc

City-funded organization

Sebco Development Inc is a Bronx-based nonprofit affordable-housing developer founded in 1968 as the South East Bronx Community Organization by Father Louis R. Gigante and formally incorporated in 1978; it develops and manages affordable housing and also runs homeless shelters and senior centers in the South Bronx. It holds $38.9m in active NYC contracts as of August 2026, chiefly Department of Homeless Services shelter contracts (e.g., the Father Smith Residence and a COVID-era hotel relocation site) and a Department for the Aging older-adult center, plus $161,502 in City Council discretionary grants for senior and youth programs since FY2009; its FY2024 Form 990 lists top-paid officer Jason Boroff at $296,549 and reports $17.7M in HPD housing capital financed through related entities (Schedule R).

Industry (per city contracts)
Human Services
City contracts (active)
$38,932,554 · 2 contracts
Awarded all-time
$164,450,077 · 33 since 2008, incl. expired
Paid to date
$127,673,883
Won without a fresh bid
56% of contract value · $91,547,909 · 27 contracts
Discretionary funding (FY2009-FY2027)
$161,502 · 17 awards
Funding history
Funded 8 years (FY2009–FY2017); not in FY2027
Top officer pay (FY2023)
$251,995 · Salvatore Gigante, CEO/Director
HPD housing capital financed
$17,713,970 · via 990 Schedule R
Based in
Bronx, NY

Holds contracts at

City contracts

Registered city contracts, largest first by current contract value (not amount spent): running now, then registered to start later, then ended. Totals count every registered contract. Each line shows its Checkbook contract ID. The tag on each row is how it was awarded (“no-bid” = non-competitive).

Discretionary funding received

City Council discretionary (member-item) awards, largest first. Covers FY2009-FY2027.

Officer & key-staff pay

Reportable compensation from this organization's IRS Form 990 (Part VII), latest available filing (FY2023). Includes pay from related organizations where reported; an annual figure, not a running total. Source: ProPublica Nonprofit Explorer.

Officer pay over time

Total officer pay changed +188% from FY2021 to FY2023. Top-officer reportable compensation by year (org-paid only), with each year's share of total revenue. Source: ProPublica Nonprofit Explorer 990 filings.

Sources