Civic Intelligence

St Andrew Towers Inc

EIN 23-7227364 • 501(c)3 • Lauderdale Lakes, FL

Profile

Low income elderly housing.

4790 N State Road 7Lauderdale Lakes, FL 33319

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

5.48x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

100th percentile

71.38x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

97th percentile

87%

Higher net margin than 97% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

44th percentile

0.7%

Faster asset growth than 44% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

61st percentile

15%

Faster revenue growth than 61% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$954,379

Up $7,002 (+0.7%) from 2023

Liabilities

Down

$5,226,290

Down $56,687 (-1.1%) from 2023

Net Assets

Up

-$4,271,911

Up $63,689 (+1.5%) from 2023

Revenue

Up

$73,219

Up $9,478 (+15%) from 2023

Expenses

Down

$9,530

Down $1,705 (-15%) from 2023

Net Income

Up

$63,689

Up $11,183 (+21%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0-$5.0MAssets 2013: $3,209,837Liabilities 2013: $1,868,883Net Assets 2013: $1,340,9542013Assets 2014: $3,144,219Liabilities 2014: $1,338,703Net Assets 2014: $1,805,5162014Assets 2015: $3,377,709Liabilities 2015: $1,206,366Net Assets 2015: $2,171,3432015Assets 2016: $3,745,390Liabilities 2016: $983,693Net Assets 2016: $2,761,6972016Assets 2017: $9,103,461Liabilities 2017: $165,727Net Assets 2017: $8,937,7342017Assets 2018: $9,621,541Liabilities 2018: $196,090Net Assets 2018: $9,425,4512018Assets 2019: $4,963,811Liabilities 2019: $168,609Net Assets 2019: $4,795,2022019Assets 2020: $13,582,667Liabilities 2020: $5,450,684Net Assets 2020: $8,131,9832020Assets 2021: $10,191,168Liabilities 2021: $5,392,382Net Assets 2021: $4,798,7862021Assets 2022: $3,793,393Liabilities 2022: $5,406,499Net Assets 2022: -$1,613,1062022Assets 2023: $947,377Liabilities 2023: $5,282,977Net Assets 2023: -$4,335,6002023Assets 2024: $954,379Liabilities 2024: $5,226,290Net Assets 2024: -$4,271,9112024

Highlighted filing

2024

Assets$954,379
Liabilities$5,226,290
Net Assets-$4,271,911

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0Expenses 2013: $2,997,5192013Revenue 2014: $3,582,402Expenses 2014: $3,117,840Net Income 2014: $464,5622014Revenue 2015: $3,433,746Expenses 2015: $3,067,919Net Income 2015: $365,8272015Revenue 2016: $3,341,624Expenses 2016: $2,762,301Net Income 2016: $579,3232016Revenue 2017: $8,171,944Expenses 2017: $1,995,907Net Income 2017: $6,176,0372017Revenue 2018: $2,149,367Expenses 2018: $1,661,650Net Income 2018: $487,7172018Revenue 2019: $2,178,421Expenses 2019: $1,808,670Net Income 2019: $369,7512019Revenue 2020: $3,931,149Expenses 2020: $594,368Net Income 2020: $3,336,7812020Revenue 2021: $181,046Expenses 2021: $14,243Net Income 2021: $166,8032021Revenue 2022: $98,378Expenses 2022: $10,270Net Income 2022: $88,1082022Revenue 2023: $63,741Expenses 2023: $11,235Net Income 2023: $52,5062023Revenue 2024: $73,219Expenses 2024: $9,530Net Income 2024: $63,6892024

Highlighted filing

2024

Revenue$73,219
Expenses$9,530
Net Income$63,689

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 2, 2025
Return Version
2023v6.0
Gross Receipts
$73,219
Mission and Program Overview

Mission

Low income elderly housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$806,366$813,302▲ $6,936
Land, Buildings, and Equipment, Net$141,006$141,006→ $0
Total Assets$947,377$954,379▲ $7,002
Other Assets Total$5$71▲ $66
Liabilities
Deferred Revenue$5,272,222$5,216,919▼ $55,303
Accounts Payable and Accrued Expenses$10,750$9,300▼ $1,450
Other Liabilities$5$71▲ $66
Total Liabilities$5,282,977$5,226,290▼ $56,687
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-4,335,600$-4,271,911▲ $63,689
Total Net Assets Fund Balance$-4,335,600$-4,271,911▲ $63,689
Total Liabilities and Net Assets / Fund Balance$947,377$954,379▲ $7,002

Asset Categories

AssetBook ValueDepreciationBasis
Land$141,006-$141,006
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$55,303
Investment Income
$14,135
Other Revenue
$3,781
Change in Net Assets
$63,689

Audited Revenue Reconciliation

Revenue per Audited Statements
$73,219
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$73,219
Total Revenue per Form 990
$73,219
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,530
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$9,370-$9,370
Office Expenses$160--$160
Total Functional Expenses$160$9,370$0$9,530

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,530
Total Expenses per Audited Statements$9,530
Total Expenses per Form 990$9,530
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$71
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The management company's controller and cfo conduct a comprehensive review of the form 990 before it is filed.

Form 990, Part VI, Section B, Line 12C

All employees and directors are covered by the conflict of interest policy and are provided with the policy upon hire. The policy is reviewed annually by the corporate compliance officer, who also determines whether a conflict may exist per policy. Employees are required to disclose any potential conflicts of interest if a conflict of interest occurs, it is investigated and the results are reported to the governing body. Legal and disciplinary action and restrictions are identified on an individual basis.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available for public inspection upon request.

Filing and Contact Details

Filer

Filer Name
St Andrew Towers Inc
EIN
23-7227364
Phone
9544841515
Address
4790 N STATE ROAD 7, LAUDERDALE LAKES, FL 33319

Signing Officer

Name
Laura Wilson
Title
Chief Finance Officer
Phone
9544841515
Signed
2025-04-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rev Marcos Somarriba
Formed
1974
Legal Domicile
Fl
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Verdeja & Alvarez Llp
Address
255 ALHAMBRA CIR STE 630, CORAL GABLES, FL 33134-7417
Preparer
Octavio a Verdeja
Phone
3054463177
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization has adopted the provisions of asc no 740, "accounting for uncertainty in income taxes" ("asc no 740"). Asc 740 required that the impact of tax positions to be recognized in the financial statements if they are more likely than not of being sustained upon examination. Accordingly, no provision for income taxes is made in the financial statements. At 6/30/24, there were no uncertain tax positions. The organization files tax returns with us federal and other tax authorities for which statue limitations may go back to the year ended 2021.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt073219
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF ASC NO 740, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" ("ASC NO 740"). ASC 740 REQUIRED THAT THE IMPACT OF TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THEY ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON EXAMINATION. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE IN THE FINANCIAL STATEMENTS. AT 6/30/24, THERE WERE NO UNCERTAIN TAX POSITIONS. THE ORGANIZATION FILES TAX RETURNS WITH US FEDERAL AND OTHER TAX AUTHORITIES FOR WHICH STATUE LIMITATIONS MAY GO BACK TO THE YEAR ENDED 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0141006
IRS990ScheduleD/TotalExpensesPerForm990Amt09530
IRS990ScheduleD/TotalLiabilityAmt071
IRS990ScheduleD/TotalRevenuePerForm990Amt073219
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt073219
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09530
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MANAGEMENT COMPANY'S CONTROLLER AND CFO CONDUCT A COMPREHENSIVE REVIEW OF THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL EMPLOYEES AND DIRECTORS ARE COVERED BY THE CONFLICT OF INTEREST POLICY AND ARE PROVIDED WITH THE POLICY UPON HIRE. THE POLICY IS REVIEWED ANNUALLY BY THE CORPORATE COMPLIANCE OFFICER, WHO ALSO DETERMINES WHETHER A CONFLICT MAY EXIST PER POLICY. EMPLOYEES ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST IF A CONFLICT OF INTEREST OCCURS, IT IS INVESTIGATED AND THE RESULTS ARE REPORTED TO THE GOVERNING BODY. LEGAL AND DISCIPLINARY ACTION AND RESTRICTIONS ARE IDENTIFIED ON AN INDIVIDUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd90
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd130
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd150
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd15N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ARCHBISHOP CARROLL MANOR INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1ARCHBISHOP HURLEY HALL INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2ARCHBISHOP MCCARTHY RESIDENCE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3MIAMI BEACH MARIAN TOWERS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4PALMER HOUSE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5ST ANNE'S GARDENS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6ST BONIFACE GARDENS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt7ST DOMINIC GARDENS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt8ST ELIZABETH GARDENS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt9ST JOSEPH TOWERS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt10ST MONICA GARDENS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt11STELLA MARIS HOUSE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt12ST MARY TOWERS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt13ST VINCENT DE PAUL GARDENS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt14ST JOSEPH HAITIAN MISSION MANOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt15ARCHDIOCESE OF MIAMI
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt15501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1FL
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd14FL
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HOUSING
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt5HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt6HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt7HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt8HOUSING

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