Civic Intelligence

Pine Woods Inc.

990 • Fiscal year 2017 • EIN 59-1428802

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 12, 2018

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

0.07x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

51st percentile

0.17x

Higher debt load relative to revenue than 51% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

86th percentile

35%

Higher net margin than 86% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

77th percentile

16%

Faster asset growth than 77% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

39th percentile

1.0%

Faster revenue growth than 39% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$7,341,057

Up $992,411 (+16%) from 2016

Net Assets

Up

$6,847,403

Up $988,699 (+17%) from 2016

Liabilities

Up

$493,654

Up $3,712 (+0.8%) from 2016

Revenue

Up

$2,832,625

Up $28,856 (+1.0%) from 2016

Expenses

Up

$1,843,926

Up $15,035 (+0.8%) from 2016

Net Income

Up

$988,699

Up $13,821 (+1.4%) from 2016

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

2017

Assets$7,341,057
Liabilities$493,654
Net Assets$6,847,403

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

2017

Revenue$2,832,625
Expenses$1,843,926
Net Income$988,699
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 12, 2018
Return Version
2017v2.3
Gross Receipts
$2,832,625
Mission and Program Overview

Mission

To provide low income housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,032,094$2,586,059▲ $553,965
Land, Buildings, and Equipment, Net$1,949,523$1,836,655▼ $112,868
Prepaid Expenses and Deferred Charges$46,714$65,754▲ $19,040
Accounts Receivable$11,360$4,199▼ $7,161
Total Assets$6,348,646$7,341,057▲ $992,411
Other Assets Total$2,308,955$2,848,390▲ $539,435
Liabilities
Accounts Payable and Accrued Expenses$429,334$430,239▲ $905
Other Liabilities$60,608$63,415▲ $2,807
Total Liabilities$489,942$493,654▲ $3,712
Net Assets / Fund Balance
Unrestricted Net Assets$5,858,704$6,847,403▲ $988,699
Total Net Assets Fund Balance$5,858,704$6,847,403▲ $988,699
Total Liabilities and Net Assets / Fund Balance$6,348,646$7,341,057▲ $992,411

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$874,006$3,950,524$4,824,530
Land$768,744-$768,744
Other Land Buildings$15,483$647,441$662,924
Leasehold Improvements$163,607$73,314$236,921
Equipment$14,815$181,469$196,284
Other Assets Org$284,441--
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
$1,983,659
Program Service Revenue
$847,962
Investment Income
$1,004
Other Revenue
$0
Change in Net Assets
$988,699

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,831,621
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,831,621
Total Revenue per Form 990
$2,831,621
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,843,926
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
Insurance$204,535--$204,535
Depreciation Depletion$158,036--$158,036
Fees for Services Management$140,280--$140,280
All Other Expenses$52,428--$52,428
Office Expenses$27,618--$27,618
Fees for Services Accounting$21,000--$21,000
Other Expenses$20,826--$20,826
Fees for Services Legal$12,439--$12,439
Fees for Services Other$11,300--$11,300
Advertising$35--$35
Total Functional Expenses$1,843,926$0$0$1,843,926

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,843,926
Total Expenses per Audited Statements$1,843,926
Total Expenses per Form 990$1,843,926
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$61,137
Prepaid Revenue$2,278
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
2018-11-12
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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IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0847962
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01983659
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01906665
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01828227
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01497098
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01071940
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08287589
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01004
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0274
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0243
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0401
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0462
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02384
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99970
IRS990ScheduleA/PublicSupportPY170Pct00.99970
IRS990ScheduleA/PublicSupportTotal170Amt08287589
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01983659
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01906665
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01828227
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01497098
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01071940
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08287589
IRS990ScheduleA/TotalSupportAmt08289973
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0874006
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03950524
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04824530
IRS990ScheduleD/EquipmentGrp/BookValueAmt014815
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0181469
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0196284
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01843926
IRS990ScheduleD/LandGrp/BookValueAmt0768744
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0768744
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0163607
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt073314
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0236921
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02090565
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1408549
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt261137
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt33698
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4284441
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/BookValueAmt015483
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0647441
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0662924
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt061137
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12278
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS HELD IN TRANSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID REVENUE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02831621
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01836655
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02848390
IRS990ScheduleD/TotalExpensesPerForm990Amt01843926
IRS990ScheduleD/TotalLiabilityAmt063415
IRS990ScheduleD/TotalRevenuePerForm990Amt02831621
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02831621
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01843926
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/TotalAssetsBOYAmt06348646
IRS990/TotalAssetsEOYAmt07341057
IRS990/TotalAssetsGrp/BOYAmt06348646
IRS990/TotalAssetsGrp/EOYAmt07341057
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01983659
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01843926
IRS990/TotalFunctionalExpensesGrp/TotalAmt01843926
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0489942
IRS990/TotalLiabilitiesEOYAmt0493654
IRS990/TotalLiabilitiesGrp/BOYAmt0489942
IRS990/TotalLiabilitiesGrp/EOYAmt0493654
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05858704
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06847403
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01843926
IRS990/TotalProgramServiceRevenueAmt0847962
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01004
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0847962
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02832625
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06348646
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07341057
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt05858704
IRS990/UnrestrictedNetAssetsGrp/EOYAmt06847403
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/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM SIELK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03052358269
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-12

Document Assets

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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
2017Detailed filing. Detailed filing data is available for this year.$7.34$0.49$6.85$2.83$1.84$0.99
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$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