Civic Intelligence

Pine Woods Inc.

990 • Fiscal year 2016 • EIN 59-1428802

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

Refreshing map…

8420 SW 188th TerraceCutler Bay, FL 33157

(305) 235-8269

Siviq Scores

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

Liabilities / Assets

36th percentile

0.08x

Higher debt load relative to assets than 36% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

49th percentile

0.17x

Higher debt load relative to revenue than 49% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

88th percentile

35%

Higher net margin than 88% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

82nd percentile

18%

Faster asset growth than 82% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

59th percentile

5.8%

Faster revenue growth than 59% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$6,348,646

Up $970,603 (+18%) from 2015

Net Assets

Up

$5,858,704

Up $974,878 (+20%) from 2015

Liabilities

Down

$489,942

Down $4,275 (-0.9%) from 2015

Revenue

Up

$2,803,769

Up $153,147 (+5.8%) from 2015

Expenses

Up

$1,828,891

Up $60,145 (+3.4%) from 2015

Net Income

Up

$974,878

Up $93,002 (+11%) from 2015

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $3,548,394Liabilities 2010: $1,576,352Net Assets 2010: $1,972,0422010Assets 2011: $3,662,011Liabilities 2011: $1,205,427Net Assets 2011: $2,456,5842011Assets 2012: $3,882,344Liabilities 2012: $947,204Net Assets 2012: $2,935,1402012Assets 2013: $4,017,550Liabilities 2013: $611,419Net Assets 2013: $3,406,1312013Assets 2014: $4,539,570Liabilities 2014: $537,621Net Assets 2014: $4,001,9492014Assets 2015: $5,378,043Liabilities 2015: $494,217Net Assets 2015: $4,883,8262015Assets 2016: $6,348,646Liabilities 2016: $489,942Net Assets 2016: $5,858,7042016Assets 2017: $7,341,057Liabilities 2017: $493,654Net Assets 2017: $6,847,4032017Assets 2018: $8,278,430Liabilities 2018: $502,547Net Assets 2018: $7,775,8832018Assets 2019: $8,995,832Liabilities 2019: $495,090Net Assets 2019: $8,500,7422019Assets 2020: $9,945,305Liabilities 2020: $509,174Net Assets 2020: $9,436,1312020Assets 2021: $10,842,761Liabilities 2021: $509,239Net Assets 2021: $10,333,5222021Assets 2022: $11,584,651Liabilities 2022: $511,547Net Assets 2022: $11,073,1042022Assets 2023: $11,919,001Liabilities 2023: $588,150Net Assets 2023: $11,330,8512023Assets 2024: $12,606,814Liabilities 2024: $506,752Net Assets 2024: $12,100,0622024

Highlighted filing

2016

Assets$6,348,646
Liabilities$489,942
Net Assets$5,858,704

Operations Trend

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

$6.0M$4.0M$2.0M$0Expenses 2010: $1,468,1792010Expenses 2011: $1,517,3502011Revenue 2012: $1,997,134Expenses 2012: $1,536,942Net Income 2012: $460,1922012Revenue 2013: $2,074,695Expenses 2013: $1,758,666Net Income 2013: $316,0292013Revenue 2014: $2,369,419Expenses 2014: $1,705,736Net Income 2014: $663,6832014Revenue 2015: $2,650,622Expenses 2015: $1,768,746Net Income 2015: $881,8762015Revenue 2016: $2,803,769Expenses 2016: $1,828,891Net Income 2016: $974,8782016Revenue 2017: $2,832,625Expenses 2017: $1,843,926Net Income 2017: $988,6992017Revenue 2018: $2,891,682Expenses 2018: $1,963,202Net Income 2018: $928,4802018Revenue 2019: $3,196,436Expenses 2019: $2,471,577Net Income 2019: $724,8592019Revenue 2020: $3,424,615Expenses 2020: $2,489,226Net Income 2020: $935,3892020Revenue 2021: $3,520,078Expenses 2021: $2,622,687Net Income 2021: $897,3912021Revenue 2022: $3,610,540Expenses 2022: $2,870,958Net Income 2022: $739,5822022Revenue 2023: $3,794,625Expenses 2023: $3,536,878Net Income 2023: $257,7472023Revenue 2024: $4,207,106Expenses 2024: $3,437,895Net Income 2024: $769,2112024

Highlighted filing

2016

Revenue$2,803,769
Expenses$1,828,891
Net Income$974,878
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$2,803,769
Mission and Program Overview

Mission

To provide low income housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,305,075$2,032,094▲ $727,019
Land, Buildings, and Equipment, Net$2,180,891$1,949,523▼ $231,368
Prepaid Expenses and Deferred Charges$51,116$46,714▼ $4,402
Accounts Receivable$2,909$11,360▲ $8,451
Total Assets$5,378,043$6,348,646▲ $970,603
Other Assets Total$1,838,052$2,308,955▲ $470,903
Liabilities
Accounts Payable and Accrued Expenses$36,731$429,334▲ $392,603
Other Liabilities$457,486$60,608▼ $396,878
Total Liabilities$494,217$489,942▼ $4,275
Net Assets / Fund Balance
Unrestricted Net Assets$4,883,826$5,858,704▲ $974,878
Total Net Assets Fund Balance$4,883,826$5,858,704▲ $974,878
Total Liabilities and Net Assets / Fund Balance$5,378,043$6,348,646▲ $970,603

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$956,699$3,822,663$4,779,362
Land$768,744-$768,744
Other Land Buildings$25,978$636,946$662,924
Leasehold Improvements$175,463$61,458$236,921
Equipment$22,639$173,645$196,284
Other Assets Org$284,416--
Compensation and Service Providers

Board Members and Trustees

NameTitle
William SielkPresident
Anna LeggettVice President
Anthony MandileDirector
David RoseDirector
Joe KocuibaDirector
Robert BuhlDirector
Troy GildeDirector
Denise NoeSecretary
Luis M SantanaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,906,665
Program Service Revenue
$896,830
Investment Income
$274
Other Revenue
$0
Change in Net Assets
$974,878

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,803,495
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,803,495
Total Revenue per Form 990
$2,803,495
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,828,891
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$237,900--$237,900
Insurance$185,878--$185,878
Fees for Services Management$136,942--$136,942
Other Expenses$56,083--$56,083
Office Expenses$31,738--$31,738
Fees for Services Legal$5,648--$5,648
All Other Expenses$5,064--$5,064
Fees for Services Accounting$1,400--$1,400
Total Functional Expenses$1,828,891$0$0$1,828,891

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,828,891
Total Expenses per Audited Statements$1,828,891
Total Expenses per Form 990$1,828,891
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Tenant Deposits Held in Transit$58,917
Prepaid Revenue$1,691
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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, Part VI, Section A, line 3

the organization has delegated management duties to cambridge management services.

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

form 990 is provided to the president of the organization for review and signature.

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

Required to disclose any conflicts before board meetings.

Form 990, Part VI, Section C, line 19

Information is available upon request.

Filing and Contact Details

Filer

Filer Name
Pine Woods Inc
EIN
59-1428802
Phone
3052358269
Address
8420 SW 188TH TERRACE, CUTLER BAY, FL 33157

Signing Officer

Name
William Sielk
Title
President
Phone
3052358269
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William a Sielk
Formed
1972
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
3560 LENOX ROAD NE SUITE 2800, ATLANTA, GA 30326
Preparer
Linda T Rowland CPA
Phone
4048479447
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01039098
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07343028
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0274
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0243
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0401
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0462
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0747
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02127
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99970
IRS990ScheduleA/PublicSupportPY170Pct00.99960
IRS990ScheduleA/PublicSupportTotal170Amt07343028
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01906665
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01828227
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01497098
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01071940
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01039098
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07343028
IRS990ScheduleA/TotalSupportAmt07345155
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0956699
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03822663
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04779362
IRS990ScheduleD/EquipmentGrp/BookValueAmt022639
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0173645
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0196284
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01828891
IRS990ScheduleD/LandGrp/BookValueAmt0768744
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0768744
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0175463
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt061458
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0236921
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01553893
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1408031
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt258917
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt33698
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4284416
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OTHER DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEPOSITS HELD IN TRUSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3UTILITIES DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4operating deficit reserve
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt025978
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0636946
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0662924
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt058917
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11691
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS HELD IN TRANSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID REVENUE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02803495
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01949523
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02308955
IRS990ScheduleD/TotalExpensesPerForm990Amt01828891
IRS990ScheduleD/TotalLiabilityAmt060608
IRS990ScheduleD/TotalRevenuePerForm990Amt02803495
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02803495
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01828891
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0the organization has delegated management duties to cambridge management services.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1form 990 is provided to the president of the organization for review and signature.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REQUIRED TO DISCLOSE ANY CONFLICTS BEFORE BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INFORMATION IS AVAILABLE UPON 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 B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05378043
IRS990/TotalAssetsEOYAmt06348646
IRS990/TotalAssetsGrp/BOYAmt05378043
IRS990/TotalAssetsGrp/EOYAmt06348646
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01906665
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01828891
IRS990/TotalFunctionalExpensesGrp/TotalAmt01828891
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0494217
IRS990/TotalLiabilitiesEOYAmt0489942
IRS990/TotalLiabilitiesGrp/BOYAmt0494217
IRS990/TotalLiabilitiesGrp/EOYAmt0489942
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04883826
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05858704
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0504
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0504
IRS990/TotalProgramServiceExpensesAmt01828891
IRS990/TotalProgramServiceRevenueAmt0896830
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0274
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0896830
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02803769
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05378043
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06348646
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt04883826
IRS990/UnrestrictedNetAssetsGrp/EOYAmt05858704
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08420 SW 188TH TERRACE
IRS990/USAddress/CityNm0CUTLER BAY
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033157
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM SIELK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03052358269

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.6$0.51$12.1$4.21$3.44$0.77
2023Summary only. Only limited summary data is available for this year.$11.9$0.59$11.3$3.79$3.54$0.26
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.6$0.51$11.1$3.61$2.87$0.74
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.8$0.51$10.3$3.52$2.62$0.90
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.95$0.51$9.44$3.42$2.49$0.94
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.00$0.50$8.50$3.20$2.47$0.72
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.28$0.50$7.78$2.89$1.96$0.93
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.34$0.49$6.85$2.83$1.84$0.99
2016Detailed filing. Detailed filing data is available for this year.$6.35$0.49$5.86$2.80$1.83$0.97
2015Detailed filing. Detailed filing data is available for this year.$5.38$0.49$4.88$2.65$1.77$0.88
2014Detailed filing. Detailed filing data is available for this year.$4.54$0.54$4.00$2.37$1.71$0.66
2013Detailed filing. Detailed filing data is available for this year.$4.02$0.61$3.41$2.07$1.76$0.32
2012Summary only. Only limited summary data is available for this year.$3.88$0.95$2.94$2.00$1.54$0.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.66$1.21$2.46$1.52
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.55$1.58$1.97$1.47