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SEPP INC

BINGHAMTON, NY · EIN 160950820 · Form 990 · FY2024 · NTEE L210 · Housing & Shelter · Medium ($1M-$10M) · seppinc.com
revenue
$2.0M
expenses
$1.1M
net assets
$8.7M
employees
0
program ratio
57%
mission · from form 990

PROVIDING LOW-INCOME HOUSING

profile · synthesized from sources

The SEPP Group provides safe, affordable housing for seniors and people with disabilities in the Southern Tier region of New York. Operating since 1968, the organization manages multiple properties offering income-eligible housing, with a focus on supportive services and community development. It is designated as a Rural Preservation Company by the NYS Division of Housing.

named programs · 2 · from sources

What they call their work

Affordable Housing Management
Manages 14+ properties across the Southern Tier offering income-eligible apartments for seniors and families, including accessibility features for people with mobility, hearing, or vision impairments
Resident Services Program
Provides support through a Resident Service Coordinator who helps residents identify needs and connect with community resources, especially those who are disabled or at risk
activities · 3 groups

What they do

  • Affordable Housing Development and Management 2 activities
    • Development and management of affordable housing properties
      Develops, constructs, and manages multiple affordable housing properties in the Southern Tier region of New York, including senior and disability-accessible units. Projects include the Hooper Road Apartments, Hamilton House Apartments, and other completed developments providing rental units ranging from one to three bedrooms.
    • Operation of specific affordable housing units
      Operates a total of over 300 affordable rental units across multiple properties in the Southern Tier region, including 50 units at one site, 26 units at another, 37 units at Hamilton House, 24 units at another property, 34 units at a fourth, 72 units at a fifth, 60 senior units at another, and 80 units under construction at Hooper Road. Units include configurations for one, two, and three bedrooms, with some adapted for mobility, hearing, or vision impairments.
  • Senior Independence Support Services 1 activity
    • Resident services and support coordination
      Provides a Resident Services Program that connects tenants, particularly seniors and individuals with disabilities, to community resources and supportive services to help maintain stable housing. Includes service coordination and on-call maintenance available 24 hours for residents.
  • Facility Accessibility Improvements 1 activity
    • Support for accessible and inclusive housing
      Ensures accessibility and inclusivity in housing by accepting Section 8 vouchers, providing fully adapted units for people with mobility, hearing, or vision impairments, and offering translated application and tenant rights materials in multiple languages including Spanish and Chinese.
financials · form 990 · fy2024
revenue
Total revenue$1.99M
Contributions & grants$346K17%
Program service revenue$1.47M74%
Investment income$124K6%
Other revenue$52K
expenses
Total expenses$1.15M
Program expenses57%
Admin / overhead43%
Fundraising0%
Salaries & benefits$404K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$9.64M
Cash$539K
Investments$5.58M
Liabilities$953K
Net assets$8.69M
Liquid reserves63.9 mo
4 years on record · 2020–2024 · YoY revenue -43.0%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
JOHN BERNARDO EXECUTIVE DIRECTOR (FORMER) 1 $187K
board members · 20
  • ALEX MCLAUGHLIN — TREASURER
  • CHRISTOPHER BARKER — DIRECTOR
  • DANIEL SCHOFIELD — SECRETARY
  • DAVID HARDER — DIRECTOR
  • DAVID HUGHES — DIRECTOR
  • ETHAN COOK — DIRECTOR
  • JENNIFER YONKOSKI — DIRECTOR
  • JIM HAYES — DIRECTOR
  • JOHN MAURO — DIRECTOR
  • JULIE SWEET — DIRECTOR
  • KEVIN MCLAUGHLIN — VICE CHAIRPERSON
  • LEN BASSO — DIRECTOR
  • LINDA MACDONALD — DIRECTOR
  • PETER MACIAK — DIRECTOR
  • RONALD HARTING — DIRECTOR
  • RONALD KEIBEL — DIRECTOR
  • STACEY DUNCAN — DIRECTOR
  • SUSAN BROWN — DIRECTOR
  • THOMAS DELLAPENNA — CHAIRPERSON
  • WILLIAM GIBSON JR — DIRECTOR
relationships · 11

Who they work with

  • Broome County Partner — Collaborated on the development and opening of the Hooper Road Apartments.
  • CDS Housing Partner — Collaborated on the development and opening of the Hooper Road Apartments.
  • Lisa Miller Partner — Building manager responsible for property operations at Carolyn Arms Apartments.
  • Michael Kelly Partner — Building manager for Harry L Apartments.
  • NYS Division of Housing Government — Primary government funder and regulatory body that designates SEPP as a Rural Preservation Company.
  • New York State Homes and Community Renewal Partner — Collaborated on the development and opening of the Hooper Road Apartments.
  • SEPP Management Company, Inc. Partner — Property management entity responsible for administering housing applications and tenant rights information for SEPP INC.
  • Town of Union Partner — Collaborated on the development and opening of the Hooper Road Apartments.
  • YWCA of Binghamton and Broome County Partner — Collaborated on the development and opening of the Hooper Road Apartments.
  • developers Partner — Partners with local developers in Broome County to support affordable housing and neighborhood revitalization.
  • local officials Partner — Collaborates with local officials in Broome County on housing and development initiatives.
strategies · 3

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.