Civic Intelligence

Southwest Florida Gwi Housing X

EIN 51-0530426 • 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

96th percentile

1.46x

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

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

Liabilities / Revenue

99th percentile

20.05x

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

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

Net Margin

3rd percentile

-106%

Higher net margin than 3% 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

76th percentile

17%

Faster asset growth than 76% of similar nonprofits.

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

Revenue Growth

41st percentile

2.2%

Faster revenue growth than 41% of similar nonprofits.

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

Assets

Up

$1,379,056

Up $202,435 (+17%) from 2023

Liabilities

Up

$2,019,094

Up $309,031 (+18%) from 2023

Net Assets

Down

-$640,038

Down $106,596 (-20%) from 2023

Revenue

Up

$100,708

Up $2,215 (+2.2%) from 2023

Expenses

Up

$207,304

Up $26,049 (+14%) from 2023

Net Income

Down

-$106,596

Down $23,834 (-29%) 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: $1,665,071Liabilities 2010: $1,917,039Net Assets 2010: -$251,9682010Assets 2011: $1,597,804Liabilities 2011: $1,911,561Net Assets 2011: -$313,7572011Assets 2012: $1,537,038Liabilities 2012: $1,923,353Net Assets 2012: -$386,3152012Assets 2013: $1,476,492Liabilities 2013: $1,922,791Net Assets 2013: -$446,2992013Assets 2014: $1,412,898Liabilities 2014: $1,924,715Net Assets 2014: -$511,8172014Assets 2015: $1,352,198Liabilities 2015: $1,898,670Net Assets 2015: -$546,4722015Assets 2016: $1,292,015Liabilities 2016: $1,897,300Net Assets 2016: -$605,2852016Assets 2017: $1,230,918Liabilities 2017: $1,904,595Net Assets 2017: -$673,6772017Assets 2018: $1,165,129Liabilities 2018: $1,901,697Net Assets 2018: -$736,5682018Assets 2019: $1,103,129Liabilities 2019: $1,896,250Net Assets 2019: -$793,1212019Assets 2020: $1,046,296Liabilities 2020: $1,891,429Net Assets 2020: -$845,1332020Assets 2021: $983,552Liabilities 2021: $1,523,587Net Assets 2021: -$540,0352021Assets 2022: $1,262,604Liabilities 2022: $1,713,284Net Assets 2022: -$450,6802022Assets 2023: $1,176,621Liabilities 2023: $1,710,063Net Assets 2023: -$533,4422023Assets 2024: $1,379,056Liabilities 2024: $2,019,094Net Assets 2024: -$640,0382024

Highlighted filing

2024

Assets$1,379,056
Liabilities$2,019,094
Net Assets-$640,038

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $132,3812010Expenses 2011: $130,7192011Expenses 2012: $142,2692012Revenue 2013: $76,470Expenses 2013: $136,454Net Income 2013: -$59,9842013Revenue 2014: $76,619Expenses 2014: $142,137Net Income 2014: -$65,5182014Revenue 2015: $105,176Expenses 2015: $139,831Net Income 2015: -$34,6552015Revenue 2016: $83,048Expenses 2016: $144,996Net Income 2016: -$61,9482016Revenue 2017: $77,370Expenses 2017: $145,762Net Income 2017: -$68,3922017Revenue 2018: $87,928Expenses 2018: $150,819Net Income 2018: -$62,8912018Revenue 2019: $94,825Expenses 2019: $151,378Net Income 2019: -$56,5532019Revenue 2020: $99,341Expenses 2020: $151,353Net Income 2020: -$52,0122020Revenue 2021: $466,094Expenses 2021: $160,996Net Income 2021: $305,0982021Revenue 2022: $253,813Expenses 2022: $164,458Net Income 2022: $89,3552022Revenue 2023: $98,493Expenses 2023: $181,255Net Income 2023: -$82,7622023Revenue 2024: $100,708Expenses 2024: $207,304Net Income 2024: -$106,5962024

Highlighted filing

2024

Revenue$100,708
Expenses$207,304
Net Income-$106,596

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.38$2.02$0.64$0.10$0.21$0.11
2023Detailed filing. Detailed filing data is available for this year.$1.18$1.71$0.53$0.10$0.18$0.08
2022Detailed filing. Detailed filing data is available for this year.$1.26$1.71$0.45$0.25$0.16$0.09
2021Detailed filing. Detailed filing data is available for this year.$0.98$1.52$0.54$0.47$0.16$0.31
2020Detailed filing. Detailed filing data is available for this year.$1.05$1.89$0.85$0.10$0.15$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.10$1.90$0.79$0.09$0.15$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.17$1.90$0.74$0.09$0.15$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.23$1.90$0.67$0.08$0.15$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.29$1.90$0.61$0.08$0.14$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.35$1.90$0.55$0.11$0.14$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.41$1.92$0.51$0.08$0.14$0.07
2013Detailed filing. Detailed filing data is available for this year.$1.48$1.92$0.45$0.08$0.14$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.54$1.92$0.39$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$1.91$0.31$0.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$1.92$0.25$0.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 26, 2025
Return Version
2024v5.0
Gross Receipts
$100,708
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$1,121,814$1,324,278▲ $202,464
Accounts Receivable$3,820$3,658▼ $162
Prepaid Expenses and Deferred Charges$1,667--
Cash and Non-Interest-Bearing Accounts$299$725▲ $426
Total Assets$1,176,621$1,379,056▲ $202,435
Other Assets Total$49,021$50,395▲ $1,374
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,701,150$2,006,579▲ $305,429
Accounts Payable and Accrued Expenses$4,531$7,481▲ $2,950
Other Liabilities$3,977$4,692▲ $715
Deferred Revenue$405$342▼ $63
Total Liabilities$1,710,063$2,019,094▲ $309,031
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-533,442$-640,038▼ $106,596
Total Net Assets Fund Balance$-533,442$-640,038▼ $106,596
Total Liabilities and Net Assets / Fund Balance$1,176,621$1,379,056▲ $202,435

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,217,652$1,176,026$2,393,678
Land$65,000-$65,000
Other Land Buildings$34,026$30,801$64,827
Leasehold Improvements$7,600$2,865$10,465
Equipment-$5,675$5,675
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
$100,704
Investment Income
$4
Other Revenue
$0
Change in Net Assets
$-106,596

Audited Revenue Reconciliation

Revenue per Audited Statements
$100,708
Total Revenue per Audited Statements
$100,708
Total Revenue per Form 990
$100,708
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$189,596
Salaries, Compensation, and Employee Benefits$17,708
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$102,965--$102,965
Occupancy$33,511--$33,511
Fees for Services Management-$15,839-$15,839
Other Salaries and Wages$13,689--$13,689
Fees for Services Accounting-$7,459-$7,459
Office Expenses$3,611--$3,611
Fees for Services Legal-$3,327-$3,327
Other Employee Benefits$2,893--$2,893
Payroll Taxes$1,126--$1,126
Insurance$374--$374
Conferences and Meetings-$307-$307
Other Expenses$186--$186
Total Functional Expenses$180,372$26,932$0$207,304

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$207,304
Total Expenses per Audited Statements$207,304
Total Expenses per Form 990$207,304
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$4,692
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 X
EIN
51-0530426
Phone
2399952106
Address
5100 TICE STREET, FORT MYERS, FL 33905
Doing Business As
The Pines Apartments

Signing Officer

Name
Douglas a Stewart
Title
Chief Operat Officer
Phone
2399952106
Signed
2025-03-26

Organization Details

Principal Officer
Jennifer Fisher
Formed
2004
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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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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