Civic Intelligence

Southwest Florida Gwi Housing XI

EIN 57-1232683 • 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

1.53x

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

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

Liabilities / Revenue

99th percentile

19.34x

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

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

Net Margin

5th percentile

-71%

Higher net margin than 5% 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

85th percentile

30%

Faster asset growth than 85% of similar nonprofits.

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

Revenue Growth

55th percentile

9.9%

Faster revenue growth than 55% of similar nonprofits.

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

Assets

Up

$1,321,896

Up $304,185 (+30%) from 2023

Liabilities

Up

$2,021,636

Up $378,184 (+23%) from 2023

Net Assets

Down

-$699,740

Down $73,999 (-12%) from 2023

Revenue

Up

$104,531

Up $9,448 (+9.9%) from 2023

Expenses

Down

$178,530

Down $907 (-0.5%) from 2023

Net Income

Up

-$73,999

Up $10,355 (+12%) 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: $1,775,280Liabilities 2010: $1,944,270Net Assets 2010: -$168,9902010Assets 2011: $1,720,955Liabilities 2011: $1,951,198Net Assets 2011: -$230,2432011Assets 2012: $1,668,407Liabilities 2012: $1,956,675Net Assets 2012: -$288,2682012Assets 2013: $1,610,991Liabilities 2013: $1,962,505Net Assets 2013: -$351,5142013Assets 2014: $1,539,323Liabilities 2014: $1,944,576Net Assets 2014: -$405,2532014Assets 2015: $1,482,660Liabilities 2015: $1,909,661Net Assets 2015: -$427,0012015Assets 2016: $1,430,136Liabilities 2016: $1,911,350Net Assets 2016: -$481,2142016Assets 2017: $1,375,237Liabilities 2017: $1,903,035Net Assets 2017: -$527,7982017Assets 2018: $1,320,684Liabilities 2018: $1,900,269Net Assets 2018: -$579,5852018Assets 2019: $1,277,677Liabilities 2019: $1,903,887Net Assets 2019: -$626,2102019Assets 2020: $1,227,466Liabilities 2020: $1,898,589Net Assets 2020: -$671,1232020Assets 2021: $1,156,044Liabilities 2021: $1,897,626Net Assets 2021: -$741,5822021Assets 2022: $1,096,347Liabilities 2022: $1,637,734Net Assets 2022: -$541,3872022Assets 2023: $1,017,711Liabilities 2023: $1,643,452Net Assets 2023: -$625,7412023Assets 2024: $1,321,896Liabilities 2024: $2,021,636Net Assets 2024: -$699,7402024

Highlighted filing

2024

Assets$1,321,896
Liabilities$2,021,636
Net Assets-$699,740

Operations Trend

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

$400K$200K$0-$200KExpenses 2010: $134,6872010Expenses 2011: $119,2382011Expenses 2012: $125,3342012Revenue 2013: $73,734Expenses 2013: $136,980Net Income 2013: -$63,2462013Revenue 2014: $81,930Expenses 2014: $135,669Net Income 2014: -$53,7392014Revenue 2015: $116,481Expenses 2015: $138,229Net Income 2015: -$21,7482015Revenue 2016: $79,605Expenses 2016: $133,818Net Income 2016: -$54,2132016Revenue 2017: $88,869Expenses 2017: $135,453Net Income 2017: -$46,5842017Revenue 2018: $92,701Expenses 2018: $144,488Net Income 2018: -$51,7872018Revenue 2019: $97,433Expenses 2019: $144,058Net Income 2019: -$46,6252019Revenue 2020: $100,655Expenses 2020: $145,568Net Income 2020: -$44,9132020Revenue 2021: $94,166Expenses 2021: $164,625Net Income 2021: -$70,4592021Revenue 2022: $352,202Expenses 2022: $152,007Net Income 2022: $200,1952022Revenue 2023: $95,083Expenses 2023: $179,437Net Income 2023: -$84,3542023Revenue 2024: $104,531Expenses 2024: $178,530Net Income 2024: -$73,9992024

Highlighted filing

2024

Revenue$104,531
Expenses$178,530
Net Income-$73,999

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.32$2.02$0.70$0.10$0.18$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.02$1.64$0.63$0.10$0.18$0.08
2022Detailed filing. Detailed filing data is available for this year.$1.10$1.64$0.54$0.35$0.15$0.20
2021Detailed filing. Detailed filing data is available for this year.$1.16$1.90$0.74$0.09$0.16$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.23$1.90$0.67$0.10$0.15$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.28$1.90$0.63$0.10$0.14$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.32$1.90$0.58$0.09$0.14$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.38$1.90$0.53$0.09$0.14$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.43$1.91$0.48$0.08$0.13$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.48$1.91$0.43$0.12$0.14$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.54$1.94$0.41$0.08$0.14$0.05
2013Detailed filing. Detailed filing data is available for this year.$1.61$1.96$0.35$0.07$0.14$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$1.96$0.29$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$1.95$0.23$0.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.78$1.94$0.17$0.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 25, 2025
Return Version
2024v5.0
Gross Receipts
$104,531
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$987,091$1,284,592▲ $297,501
Cash and Non-Interest-Bearing Accounts$1,014$4,373▲ $3,359
Prepaid Expenses and Deferred Charges$1,667--
Accounts Receivable$1,581$840▼ $741
Total Assets$1,017,711$1,321,896▲ $304,185
Other Assets Total$26,358$32,091▲ $5,733
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,630,699$2,001,041▲ $370,342
Accounts Payable and Accrued Expenses$8,674$15,357▲ $6,683
Other Liabilities$3,814$4,686▲ $872
Deferred Revenue$265$552▲ $287
Total Liabilities$1,643,452$2,021,636▲ $378,184
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-625,741$-699,740▼ $73,999
Total Net Assets Fund Balance$-625,741$-699,740▼ $73,999
Total Liabilities and Net Assets / Fund Balance$1,017,711$1,321,896▲ $304,185

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$651,908$955,533$1,607,441
Other Land Buildings$376,393$45,022$421,415
Land$252,000-$252,000
Equipment$4,291$4,403$8,694
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
$104,529
Investment Income
$2
Other Revenue
$0
Change in Net Assets
$-73,999

Audited Revenue Reconciliation

Revenue per Audited Statements
$104,531
Total Revenue per Audited Statements
$104,531
Total Revenue per Form 990
$104,531
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$160,256
Salaries, Compensation, and Employee Benefits$18,274
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$80,704--$80,704
Occupancy$39,538--$39,538
Fees for Services Management-$14,513-$14,513
Other Salaries and Wages$14,245--$14,245
Fees for Services Accounting-$7,339-$7,339
Office Expenses$3,453--$3,453
Other Employee Benefits$2,860--$2,860
Payroll Taxes$1,169--$1,169
Insurance$374--$374
Conferences and Meetings-$307-$307
Other Expenses$186--$186
Total Functional Expenses$156,371$22,159$0$178,530

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$178,530
Total Expenses per Audited Statements$178,530
Total Expenses per Form 990$178,530
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$4,686
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 Xi
EIN
57-1232683
Phone
2399952106
Address
5100 TICE STREET, FORT MYERS, FL 33905
Doing Business As
Harbor Place Apartments

Signing Officer

Name
Douglas a Stewart
Title
Chief Operat Officer
Phone
2399952106
Signed
2025-03-25

Organization Details

Principal Officer
Jennifer Fisher
Formed
2006
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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IRS990ScheduleD/ExpensesSubtotalAmt0178530
IRS990ScheduleD/LandGrp/BookValueAmt0252000
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt045022
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0421415
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04686
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
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IRS990ScheduleD/TotalLiabilityAmt04686
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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/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EVALUATION
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