Civic Intelligence

Abilities at Eagle'S Nest Inc

990 • Fiscal year 2021 • EIN 51-0530353

Jul 01, 2020 to Jun 30, 2021 • Filed on Dec 14, 2021

2735 Whitney RoadClearwater, FL 33760-1610

(727) 538-7370

Siviq Scores

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

Liabilities / Assets

96th percentile

1.31x

Higher debt load relative to assets than 96% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

99th percentile

11.18x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

19th percentile

-6.9%

Higher net margin than 19% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

99th percentile

$443,428

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 638.2% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

21st percentile

-3.1%

Faster asset growth than 21% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

38th percentile

2.4%

Faster revenue growth than 38% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Down

$592,862

Down $18,681 (-3.1%) from 2020

Net Assets

Down

-$183,734

Down $4,788 (-2.7%) from 2020

Liabilities

Down

$776,596

Down $13,893 (-1.8%) from 2020

Revenue

Up

$69,477

Up $1,596 (+2.4%) from 2020

Expenses

Down

$74,265

Down $15,166 (-17%) from 2020

Net Income

Up

-$4,788

Up $16,762 (+78%) from 2020

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2014: $717,990Liabilities 2014: $777,519Net Assets 2014: -$59,5292014Assets 2015: $692,141Liabilities 2015: $768,885Net Assets 2015: -$76,7442015Assets 2016: $681,474Liabilities 2016: $778,110Net Assets 2016: -$96,6362016Assets 2017: $663,725Liabilities 2017: $782,851Net Assets 2017: -$119,1262017Assets 2018: $651,389Liabilities 2018: $789,390Net Assets 2018: -$138,0012018Assets 2019: $626,661Liabilities 2019: $784,057Net Assets 2019: -$157,3962019Assets 2020: $611,543Liabilities 2020: $790,489Net Assets 2020: -$178,9462020Assets 2021: $592,862Liabilities 2021: $776,596Net Assets 2021: -$183,7342021Assets 2022: $567,460Liabilities 2022: $759,163Net Assets 2022: -$191,7032022Assets 2023: $562,193Liabilities 2023: $773,267Net Assets 2023: -$211,0742023Assets 2024: $545,341Liabilities 2024: $780,864Net Assets 2024: -$235,5232024Assets 2025: $518,172Liabilities 2025: $765,855Net Assets 2025: -$247,6832025

Highlighted filing

2021

Assets$592,862
Liabilities$776,596
Net Assets-$183,734

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2014: $147,271Expenses 2014: $58,828Net Income 2014: $88,4432014Revenue 2015: $48,671Expenses 2015: $65,886Net Income 2015: -$17,2152015Revenue 2016: $50,624Expenses 2016: $70,516Net Income 2016: -$19,8922016Revenue 2017: $52,754Expenses 2017: $75,244Net Income 2017: -$22,4902017Revenue 2018: $59,833Expenses 2018: $78,708Net Income 2018: -$18,8752018Revenue 2019: $81,505Expenses 2019: $100,900Net Income 2019: -$19,3952019Revenue 2020: $67,881Expenses 2020: $89,431Net Income 2020: -$21,5502020Revenue 2021: $69,477Expenses 2021: $74,265Net Income 2021: -$4,7882021Revenue 2022: $68,753Expenses 2022: $76,722Net Income 2022: -$7,9692022Revenue 2023: $72,042Expenses 2023: $91,413Net Income 2023: -$19,3712023Revenue 2024: $67,747Expenses 2024: $92,196Net Income 2024: -$24,4492024Revenue 2025: $79,992Expenses 2025: $92,152Net Income 2025: -$12,1602025

Highlighted filing

2021

Revenue$69,477
Expenses$74,265
Net Income-$4,788
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Dec 14, 2021
Return Version
2020v4.1
Gross Receipts
$69,477
Mission and Program Overview

Mission

To provide affordable, rehabilitated housing for low income individuals with significant physical disabilities.

To provide low-income housing for individuals with severe disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$582,623$562,892▼ $19,731
Cash and Non-Interest-Bearing Accounts$24,006$24,158▲ $152
Prepaid Expenses and Deferred Charges$5,051$5,888▲ $837
Accounts Receivable$-137$-76▲ $61
Total Assets$611,543$592,862▼ $18,681
Liabilities
Other Liabilities$755,613$755,613→ $0
Accounts Payable and Accrued Expenses$34,876$20,983▼ $13,893
Total Liabilities$790,489$776,596▼ $13,893
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-178,946$-183,734▼ $4,788
Total Net Assets Fund Balance$-178,946$-183,734▼ $4,788
Total Liabilities and Net Assets / Fund Balance$611,543$592,862▼ $18,681

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$562,892$279,120$842,012

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$24,759,352$3,405,481▲ $6,592,273$1,383,481$33,283,625
2019$27,612,281-▲ $871,159$3,634,088$24,759,352
2018$26,337,146$1,336,888▲ $1,276,788$1,248,541$27,612,281
2017$24,395,027$971,711▲ $1,419,425$333,767$26,337,146
2016$25,498,672$177,306▲ $1,540,306$2,706,267$24,395,027
Compensation and Service Providers

Employees

NameTitleOtherTotal
Lisa CiccolelliPresident$127,115$127,115

Board Members and Trustees

NameTitle
Rob SumnerChair
Mark HallPresident
Amanda GomezDirector
Chuck SmithDirector
Diane McadamsDirector
Kevin SouthcottDirector
Mark LumpkinDirector
Matthew MotkoExecutive Director
Janet SamuelsonCEO (retired 1/3/20)
Bruce PattersonChief Executive Officer
Nate HooverChief Financial Officer
Jennifer SuppleeSecretary
Patricia DriscollSecretary
KELLY O'KEEFE-FLICKNERTreasurer
Shirley Quinnell-friedlanderTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$69,477
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-4,788

Audited Revenue Reconciliation

Revenue per Audited Statements
$69,477
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$17,607,113
Total Revenue per Audited Statements
$17,676,590
Total Revenue per Form 990
$69,477
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$61,491
Salaries, Compensation, and Employee Benefits$12,774
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$22,931--$22,931
Other Salaries and Wages$7,668$5,106-$12,774
Fees for Services Management-$8,392-$8,392
Insurance$5,460--$5,460
Fees for Services Accounting-$3,549-$3,549
Fees for Services Other$2,992--$2,992
Other Expenses$468--$468
Office Expenses$299--$299
Total Functional Expenses$57,218$17,047$0$74,265

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$17,294,485
Expenses Not Reported on Form 990$17,220,220
Expenses per Audited Statements$74,265
Total Expenses per Form 990$74,265
Expenses Not Reported on Financial Statements$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
Hud Capital Advance$715,100
Intercompany Payable$35,186
Miscellaneous Liabilities$4,067
Tenant Security Deposit$1,260
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

After the extensive internal review, the returns are made available to the members of the audit committee and board of directors for their review and comments and request for a formal meeting prior to filing, if deemed necessary. The final 990 return is posted to the organization's website for internal use.

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

Board members are required to complete and sign a disclosure form identifying business interests, employment relationships and property interests, and those of related parties. The organization has specific board-level policies regarding disclosure of conflict of interest for board members. The chair of the board and the ceo regularly review the composition of the board for any potential conflicts of interests and consult with legal counsel if necessary. The board chair may ask the involved individual to recuse themselves during discussions on any matter relating to a potential conflict of interest. The organization maintains business code of ethics and conflict of interest policies that all employees are required to follow. All key employees, including officers, are required to participate in annual training on the organization's code of business ethics, including conflicts of interest.

Form 990, Part VI, Section C, Line 19

Financial statements, conflict of interest policy and governing documents are available upon request for the same period of disclosure as set forth in section 6104(d).

FORM 990, PART VII AND SCHEDULE J:

Abilities at eagle's nest, inc. Does not compensate anyone shown in part vii of the form 990 or schedule j, part ii. The compensation shown in these sections is paid by servicesource, inc., the organization's related organization. Abilities at eagle's nest, inc. Relies on the compensation determination methodology of servicesource, inc. The following is the compensation methodology used by servicesource, inc.: compensation for servicesource's ceo is determined by the board of directors on an annual basis. This independent determination includes the use of data for similar positions at comparable organizations and the compensation arrangement is documented when decided by the board of directors. An independent compensation consultant conducts an executive salary survey on an annual basis, with the results of the survey being reviewed and considered by the board of directors for determination of the ceo's compensation. Compensation for other officers are also determined based on executive pay studies and an executive salary survey conducted by a leading consulting firm that are conducted annually. Compensation for other key employees and executives are determined based on periodic market analysis.

Filing and Contact Details

Filer

Filer Name
ABILITIES AT EAGLE'S NEST INC
EIN
51-0530353
Phone
7275387370
Address
2735 WHITNEY ROAD, CLEARWATER, FL 33760-1610

Signing Officer

Name
Nate Hoover
Title
Chief Financial Officer
Phone
7275387370
Signed
2021-12-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bruce Patterson
Formed
2004
Legal Domicile
Fl
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
12

Preparer

Firm
Rsm US Llp
Address
1001 WATER ST STE 500, TAMPA, FL 33602
Preparer
Kristen Barnett
Phone
8133162300
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other professional fees: program service expenses 2,992. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,992.

FORM 990, PART XII, LINE 2C:

The process for overseeing the audit of the financial statements and selection of an independent accountant that audited the financial statements has been consistent with prior years.

Financial Statement Notes

PART V, LINE 4:

The investment income from these funds is available to provide for certain programs and initiatives of the organization. Additionally, the board of trustees of servicesource foundation has designated net assets totaling $543,788, for the disability resource center and the friendship house for $488,754 and $55,034, respectively.

PART X, LINE 2:

Management has evaluated the organization's tax positions and has concluded that the organization has taken no uncertain tax positions that require adjustment. The organization files tax returns in the u.s. Federal and state of florida jurisdictions.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Abilities of florida revenue in consolidated financial statements 14,700,926. Hfi revenue in consolidating financial statements 677,747. Hfi space coast revenue in consolidating financial statements 72,107. Hud revenue in consolidated financial statements 2,156,333.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Abilities of florida expenses in consolidating financial statements 12,732,482. Hfi expenses in consolidating financial statements 1,854,612. Hfi space coast expenses in consolidating financial statements 72,673. Hud expenses in consolidating financial statements 2,560,453.

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