Civic Intelligence

Nonprofit Housing Preservation Ra Inc.

990 • Fiscal year 2024 • EIN 31-1484299

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 18, 2025

2001 W Blue Heron Blvd 201Riviera Beach, FL 33404

(561) 655-6775

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

95th percentile

1.11x

Higher debt load relative to assets than 95% of similar nonprofits.

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

Liabilities / Revenue

97th percentile

5.28x

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

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

Net Margin

57th percentile

8.1%

Higher net margin than 57% of similar nonprofits.

2024 filings • 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.

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

Asset Growth

36th percentile

-0.3%

Faster asset growth than 36% of similar nonprofits.

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

Revenue Growth

50th percentile

8.0%

Faster revenue growth than 50% of similar nonprofits.

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

Assets

Down

$4,847,038

Down $137,504 (-2.8%) from 2022

Net Assets

Up

-$544,433

Up $54,092 (+9.0%) from 2022

Liabilities

Down

$5,391,471

Down $191,596 (-3.4%) from 2022

Revenue

Up

$1,021,117

Up $98,343 (+11%) from 2022

Expenses

Down

$937,989

Down $12,258 (-1.3%) from 2022

Net Income

Up

$83,128

Up $110,601 (+403%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $5,755,041Liabilities 2010: $5,074,407Net Assets 2010: $680,6342010Assets 2011: $0Liabilities 2011: $0Net Assets 2011: $02011Assets 2019: $5,898,982Liabilities 2019: $5,824,726Net Assets 2019: $74,2562019Assets 2020: $5,162,509Liabilities 2020: $5,751,985Net Assets 2020: -$589,4762020Assets 2021: $5,098,239Liabilities 2021: $5,669,291Net Assets 2021: -$571,0522021Assets 2022: $4,984,542Liabilities 2022: $5,583,067Net Assets 2022: -$598,5252022Assets 2024: $4,847,038Liabilities 2024: $5,391,471Net Assets 2024: -$544,4332024

Highlighted filing

2024

Assets$4,847,038
Liabilities$5,391,471
Net Assets-$544,433

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2010: $1,442,3162010Expenses 2011: $1,905,2912011Revenue 2019: $786,957Expenses 2019: $1,568,908Net Income 2019: -$781,9512019Revenue 2020: $847,863Expenses 2020: $1,511,595Net Income 2020: -$663,7322020Revenue 2021: $897,478Expenses 2021: $879,054Net Income 2021: $18,4242021Revenue 2022: $922,774Expenses 2022: $950,247Net Income 2022: -$27,4732022Revenue 2024: $1,021,117Expenses 2024: $937,989Net Income 2024: $83,1282024

Highlighted filing

2024

Revenue$1,021,117
Expenses$937,989
Net Income$83,128
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 18, 2025
Return Version
2024v5.2
Gross Receipts
$1,021,117
Mission and Program Overview

Mission

To provide for the acquisition, development, ownership and operation of affordable housing for low-income families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,342,326$4,219,305▼ $123,021
Cash and Non-Interest-Bearing Accounts$76,958$154,888▲ $77,930
Intangible Assets$138,214$129,485▼ $8,729
Prepaid Expenses and Deferred Charges$94,813$70,011▼ $24,802
Accounts Receivable$15,024$27,484▲ $12,460
Total Assets$4,860,436$4,847,038▼ $13,398
Other Assets Total$193,101$245,865▲ $52,764
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,363,311$5,260,156▼ $103,155
Other Liabilities$66,368$69,420▲ $3,052
Accounts Payable and Accrued Expenses$51,343$55,338▲ $3,995
Deferred Revenue$6,975$6,557▼ $418
Total Liabilities$5,487,997$5,391,471▼ $96,526
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-627,561$-544,433▲ $83,128
Total Net Assets Fund Balance$-627,561$-544,433▲ $83,128
Total Liabilities and Net Assets / Fund Balance$4,860,436$4,847,038▼ $13,398

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,674,209$825,644$4,499,853
Land$430,000-$430,000
Equipment$115,096$166,132$281,228
Other Assets Org$72,274--
Compensation and Service Providers

Board Members and Trustees

NameTitle
John CorbettPresident
Hugh JacobsVice President
Eric PriceDirector
Richard F BurnsDirector
Stephen M GreenDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,018,650
Investment Income
$2,467
Other Revenue
$0
Change in Net Assets
$83,128

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,021,117
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,021,117
Total Revenue per Form 990
$1,021,117
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$836,439
Salaries, Compensation, and Employee Benefits$67,035
Grants and Similar Amounts Paid$34,515
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$178,386--$178,386
Interest$167,723--$167,723
Insurance$154,743--$154,743
Occupancy$99,951--$99,951
Fees for Services Management-$60,915-$60,915
Other Salaries and Wages$59,100--$59,100
Grants to Domestic Orgs$34,515--$34,515
Office Expenses$11,511--$11,511
Other Expenses$12,396$9,151-$9,151
Fees for Services Accounting-$6,250-$6,250
Fees for Services Legal-$5,479-$5,479
Information Technology$5,436--$5,436
Payroll Taxes$4,892--$4,892
All Other Expenses$4,236--$4,236
Other Employee Benefits$2,539--$2,539
Travel-$1,493-$1,493
Conferences and Meetings-$696-$696
Pension Plan Contributions$504--$504
Advertising$339--$339
Total Functional Expenses$854,005$83,984$0$937,989

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$937,989
Total Expenses per Audited Statements$937,989
Total Expenses per Form 990$937,989
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Nhp FoundationWashington, DC501(c)(3)Low Income Housing$17,258
The Partnership IncRiviera Beach, FL501(c)(3)Low Income Housing$17,257
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$69,420
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The project is managed by tpi management services llc, a disregarded entity of the partnership, inc.

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

The form 990 is reviewed by management and then distributed to board members for review. Upon review, the form 990 is submitted.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public on request.

Filing and Contact Details

Filer

Filer Name
Nonprofit Housing Preservation Ra Inc
EIN
31-1484299
Phone
5616556775
Address
2001 W BLUE HERON BLVD 201, RIVIERA BEACH, FL 33404

Signing Officer

Name
Hugh Jacobs
Title
Vice President
Phone
5616556775
Signed
2025-11-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Corbett
Formed
1996
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Carter & Company Cpas LLC
Address
PO BOX 279, DESTIN, FL 32540
Preparer
Samuel T Boerma
Phone
8506500125
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The corporation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. The corporation has adopted accounting for uncertainty in income taxes (fasb accounting standards codification (asc) 740, income taxes). It requires that a tax position be recognized or derecognized based on a 'more-likely-than-not' threshold. This applies to positions taken or expected to be taken in a tax return. The implementation had no impact on the corporation's statement of financial position or statement of activities. The corporation does not believe its financial statements include any uncertain tax positions and that no income taxes are due for its activities. Therefore, no provision for income taxes is included in the financial statements.

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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0843686
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0847863
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IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0825644
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04499853
IRS990ScheduleD/EquipmentGrp/BookValueAmt0115096
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0166132
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IRS990ScheduleD/ExpensesSubtotalAmt0937989
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0430000
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt193337
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt210815
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt372274
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2UTILITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3REPLACEMENT RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt069420
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CORPORATION HAS ADOPTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES). IT REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A 'MORE-LIKELY-THAN-NOT' THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE IMPLEMENTATION HAD NO IMPACT ON THE CORPORATION'S STATEMENT OF FINANCIAL POSITION OR STATEMENT OF ACTIVITIES. THE CORPORATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS AND THAT NO INCOME TAXES ARE DUE FOR ITS ACTIVITIES. THEREFORE, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0245865
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1LOW INCOME HOUSING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0THE NHP FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1THE PARTNERSHIP INC
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt12001 W BLUE HERON BLVD STE 201
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WASHINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm1RIVIERA BEACH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0DC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1FL
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IRS990ScheduleI/Total501c3OrgCnt02
IRS990/ScheduleJRequiredInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROJECT IS MANAGED BY TPI MANAGEMENT SERVICES LLC, A DISREGARDED ENTITY OF THE PARTNERSHIP, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY MANAGEMENT AND THEN DISTRIBUTED TO BOARD MEMBERS FOR REVIEW. UPON REVIEW, THE FORM 990 IS SUBMITTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TaxExemptBondsInd00
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