Civic Intelligence

Southwest Florida Gwi Housing XIV

EIN 26-4310189 • 501(c)3 • Fort Myers, FL

Profile

Providing hud sponsored independent living facilities for low income disabled individuals.

5100 Tice StreetFort Myers, FL 33905

n/A

Siviq Scores

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

Liabilities / Assets

97th percentile

1.75x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

16.57x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

6th percentile

-51%

Higher net margin than 6% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

23rd percentile

-5.2%

Faster asset growth than 23% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

66th percentile

19%

Faster revenue growth than 66% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,063,908

Down $58,522 (-5.2%) from 2023

Liabilities

Down

$1,865,361

Down $1,476 (-0.1%) from 2023

Net Assets

Down

-$801,453

Down $57,046 (-7.7%) from 2023

Revenue

Up

$112,596

Up $18,202 (+19%) from 2023

Expenses

Up

$169,642

Up $16,265 (+11%) from 2023

Net Income

Up

-$57,046

Up $1,937 (+3.3%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $2,170,588Liabilities 2010: $2,170,588Net Assets 2010: $02010Assets 2011: $1,846,890Liabilities 2011: $1,887,778Net Assets 2011: -$40,8882011Assets 2012: $1,773,568Liabilities 2012: $1,879,887Net Assets 2012: -$106,3192012Assets 2013: $1,705,664Liabilities 2013: $1,891,931Net Assets 2013: -$186,2672013Assets 2014: $1,660,309Liabilities 2014: $1,913,240Net Assets 2014: -$252,9312014Assets 2015: $1,614,156Liabilities 2015: $1,892,490Net Assets 2015: -$278,3342015Assets 2016: $1,541,516Liabilities 2016: $1,877,781Net Assets 2016: -$336,2652016Assets 2017: $1,484,350Liabilities 2017: $1,883,537Net Assets 2017: -$399,1872017Assets 2018: $1,420,632Liabilities 2018: $1,882,678Net Assets 2018: -$462,0462018Assets 2019: $1,366,664Liabilities 2019: $1,879,547Net Assets 2019: -$512,8832019Assets 2020: $1,326,818Liabilities 2020: $1,887,462Net Assets 2020: -$560,6442020Assets 2021: $1,252,772Liabilities 2021: $1,873,935Net Assets 2021: -$621,1632021Assets 2022: $1,185,901Liabilities 2022: $1,871,325Net Assets 2022: -$685,4242022Assets 2023: $1,122,430Liabilities 2023: $1,866,837Net Assets 2023: -$744,4072023Assets 2024: $1,063,908Liabilities 2024: $1,865,361Net Assets 2024: -$801,4532024

Highlighted filing

2024

Assets$1,063,908
Liabilities$1,865,361
Net Assets-$801,453

Operations Trend

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

$200K$100K$0-$100KExpenses 2010: $02010Expenses 2011: $92,9852011Expenses 2012: $120,2652012Revenue 2013: $62,851Expenses 2013: $142,799Net Income 2013: -$79,9482013Revenue 2014: $71,900Expenses 2014: $138,564Net Income 2014: -$66,6642014Revenue 2015: $108,289Expenses 2015: $133,692Net Income 2015: -$25,4032015Revenue 2016: $90,517Expenses 2016: $148,448Net Income 2016: -$57,9312016Revenue 2017: $82,422Expenses 2017: $145,344Net Income 2017: -$62,9222017Revenue 2018: $85,137Expenses 2018: $147,996Net Income 2018: -$62,8592018Revenue 2019: $93,572Expenses 2019: $144,409Net Income 2019: -$50,8372019Revenue 2020: $97,401Expenses 2020: $145,162Net Income 2020: -$47,7612020Revenue 2021: $95,851Expenses 2021: $156,370Net Income 2021: -$60,5192021Revenue 2022: $99,166Expenses 2022: $163,427Net Income 2022: -$64,2612022Revenue 2023: $94,394Expenses 2023: $153,377Net Income 2023: -$58,9832023Revenue 2024: $112,596Expenses 2024: $169,642Net Income 2024: -$57,0462024

Highlighted filing

2024

Revenue$112,596
Expenses$169,642
Net Income-$57,046

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.06$1.87$0.80$0.11$0.17$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.12$1.87$0.74$0.09$0.15$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.19$1.87$0.69$0.10$0.16$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.25$1.87$0.62$0.10$0.16$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.33$1.89$0.56$0.10$0.15$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.37$1.88$0.51$0.09$0.14$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.42$1.88$0.46$0.09$0.15$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.48$1.88$0.40$0.08$0.15$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.54$1.88$0.34$0.09$0.15$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.61$1.89$0.28$0.11$0.13$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.66$1.91$0.25$0.07$0.14$0.07
2013Detailed filing. Detailed filing data is available for this year.$1.71$1.89$0.19$0.06$0.14$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$1.88$0.11$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.85$1.89$0.04$0.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.17$2.17$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 1, 2024
Return Version
2024v5.0
Gross Receipts
$112,596
Mission and Program Overview

Mission

Providing hud sponsored independent living facilities for low income disabled individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$971,189$908,738▼ $62,451
Accounts Receivable$214$959▲ $745
Cash and Non-Interest-Bearing Accounts$907$706▼ $201
Prepaid Expenses and Deferred Charges$500$500→ $0
Total Assets$1,122,430$1,063,908▼ $58,522
Other Assets Total$149,620$153,005▲ $3,385
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,856,300$1,856,300→ $0
Accounts Payable and Accrued Expenses$7,183$6,032▼ $1,151
Other Liabilities$3,012$2,778▼ $234
Deferred Revenue$342$251▼ $91
Total Liabilities$1,866,837$1,865,361▼ $1,476
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-744,407$-801,453▼ $57,046
Total Net Assets Fund Balance$-744,407$-801,453▼ $57,046
Total Liabilities and Net Assets / Fund Balance$1,122,430$1,063,908▼ $58,522

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$751,136$784,401$1,535,537
Land$140,000-$140,000
Other Land Buildings$13,887$19,553$33,440
Equipment$3,715$11,271$14,986
Other Assets Org$3,159--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jennifer FisherChair
Dale SchneiderVice Chair
Daniel AdamsDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$112,581
Investment Income
$15
Other Revenue
$0
Change in Net Assets
$-57,046

Audited Revenue Reconciliation

Revenue per Audited Statements
$112,596
Total Revenue per Audited Statements
$112,596
Total Revenue per Form 990
$112,596
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$149,807
Salaries, Compensation, and Employee Benefits$19,835
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$62,451--$62,451
Occupancy$44,593--$44,593
Other Salaries and Wages$15,344--$15,344
Fees for Services Management-$12,909-$12,909
Office Expenses$7,268--$7,268
Fees for Services Accounting-$6,734-$6,734
Other Employee Benefits$3,225--$3,225
Payroll Taxes$1,266--$1,266
Insurance$374--$374
Conferences and Meetings-$307-$307
Other Expenses$186--$186
Total Functional Expenses$149,692$19,950$0$169,642

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$169,642
Total Expenses per Audited Statements$169,642
Total Expenses per Form 990$169,642
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
Security Deposits$2,778
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The management company is the columbia group. The columbia group manages the rental units, provides maintenance services and manages financial operations of all associated hud properties. The management company did not compensate any employee or director of the company.

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed by the chief operating officer of the sponsor organization. After the return is approved by the chief operating officer, it is presented to the president/ceo of the sponsor organization for final review. Once it is approved, it is signed by the chief operating officer of the sponsoring organization and it is ready for filing.

Form 990, Page 6, Part VI, Line 12C

All potential conflicts are disclosed to the board in advance of any presentation. Conflicted board members, if any, are prohibited from voting or discussing the issue during the debate period except to answer questions about the proposal. The conflicted member is noted in the approved minutes.

Form 990, Page 6, Part VI, Line 19

Other organization documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Southwest Florida Gwi Housing Xiv
EIN
26-4310189
Phone
2399952106
Address
5100 TICE STREET, FORT MYERS, FL 33905
Doing Business As
Palmetto Ranch Ii

Signing Officer

Name
Douglas a Stewart
Title
Chief Operat Officer
Phone
2399952106
Signed
2024-03-01

Organization Details

Principal Officer
Jennifer Fisher
Formed
2010
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Maddox & Associates Apc
Address
5627 BANKERS AVE BLDG 2, BATON ROUGE, LA 70808-2610
Preparer
Scott Robin
Phone
2259263360
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt099150
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt095832
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt097379
IRS990ScheduleA/Total509Grp/TotalAmt0499321
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt095851
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0499408
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0751136
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0784401
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01535537
IRS990ScheduleD/EquipmentGrp/BookValueAmt03715
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011271
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014986
IRS990ScheduleD/ExpensesSubtotalAmt0169642
IRS990ScheduleD/LandGrp/BookValueAmt0140000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0140000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0145924
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13922
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt23159
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INSURANCE ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2SECURITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt013887
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt019553
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt033440
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02778
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt0908738
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0153005
IRS990ScheduleD/TotalExpensesPerForm990Amt0169642
IRS990ScheduleD/TotalLiabilityAmt02778
IRS990ScheduleD/TotalRevenuePerForm990Amt0112596
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MANAGEMENT COMPANY IS THE COLUMBIA GROUP. THE COLUMBIA GROUP MANAGES THE RENTAL UNITS, PROVIDES MAINTENANCE SERVICES AND MANAGES FINANCIAL OPERATIONS OF ALL ASSOCIATED HUD PROPERTIES. THE MANAGEMENT COMPANY DID NOT COMPENSATE ANY EMPLOYEE OR DIRECTOR OF THE COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE CHIEF OPERATING OFFICER OF THE SPONSOR ORGANIZATION. AFTER THE RETURN IS APPROVED BY THE CHIEF OPERATING OFFICER, IT IS PRESENTED TO THE PRESIDENT/CEO OF THE SPONSOR ORGANIZATION FOR FINAL REVIEW. ONCE IT IS APPROVED, IT IS SIGNED BY THE CHIEF OPERATING OFFICER OF THE SPONSORING ORGANIZATION AND IT IS READY FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL POTENTIAL CONFLICTS ARE DISCLOSED TO THE BOARD IN ADVANCE OF ANY PRESENTATION. CONFLICTED BOARD MEMBERS, IF ANY, ARE PROHIBITED FROM VOTING OR DISCUSSING THE ISSUE DURING THE DEBATE PERIOD EXCEPT TO ANSWER QUESTIONS ABOUT THE PROPOSAL. THE CONFLICTED MEMBER IS NOTED IN THE APPROVED MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER ORGANIZATION DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0CENTRAL AVE APARTMENTS (CAA)
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt05100 TICE STREET
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4SOUTHWEST FLORIDA GW HOUSING IV IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5SOUTHWEST FLORIDA GWI HOUSING V IN
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt12SOUTHWEST FLORIDA GWI HOUSING XII
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt13SOUTHWEST FLORIDA GWI HOUSING XIII
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EVALUATION
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