Civic Intelligence

Palm Avenue Baptist Tower Inc.

990 • Fiscal year 2014 • EIN 59-1466401

Apr 01, 2013 to Mar 31, 2014 • Filed on Jan 15, 2015

215 East Palm Ave33602

(813) 223-8686

Siviq Scores

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

Liabilities / Assets

78th percentile

0.49x

Higher debt load relative to assets than 78% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

65th percentile

0.24x

Higher debt load relative to revenue than 65% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

68th percentile

10%

Higher net margin than 68% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

45th percentile

0.7%

Faster asset growth than 45% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

30th percentile

-3.4%

Faster revenue growth than 30% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$1,229,527

Up $8,457 (+0.7%) from 2013

Net Assets

Up

$623,862

Up $269,623 (+76%) from 2013

Liabilities

Down

$605,665

Down $261,166 (-30%) from 2013

Revenue

Down

$2,571,384

Down $91,395 (-3.4%) from 2013

Expenses

Down

$2,301,761

Down $230,919 (-9.1%) from 2013

Net Income

Up

$269,623

Up $139,524 (+107%) from 2013

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2012: $1,070,499Liabilities 2012: $846,359Net Assets 2012: $224,1402012Assets 2013: $1,221,070Liabilities 2013: $866,831Net Assets 2013: $354,2392013Assets 2014: $1,229,527Liabilities 2014: $605,665Net Assets 2014: $623,8622014Assets 2015: $1,165,379Liabilities 2015: $284,928Net Assets 2015: $880,4512015Assets 2016: $1,251,654Liabilities 2016: $886,257Net Assets 2016: $365,3972016Assets 2017: $1,218,900Liabilities 2017: $759,089Net Assets 2017: $459,8112017Assets 2018: $1,300,524Liabilities 2018: $713,895Net Assets 2018: $586,6292018Assets 2019: $1,733,845Liabilities 2019: $1,099,513Net Assets 2019: $634,3322019Assets 2020: $1,473,878Liabilities 2020: $975,376Net Assets 2020: $498,5022020Assets 2021: $1,688,356Liabilities 2021: $1,062,180Net Assets 2021: $626,1762021Assets 2022: $1,464,303Liabilities 2022: $817,295Net Assets 2022: $647,0082022Assets 2023: $1,418,746Liabilities 2023: $828,338Net Assets 2023: $590,4082023Assets 2024: $1,483,657Liabilities 2024: $906,320Net Assets 2024: $577,3372024Assets 2025: $1,285,942Liabilities 2025: $841,657Net Assets 2025: $444,2852025

Highlighted filing

2014

Assets$1,229,527
Liabilities$605,665
Net Assets$623,862

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2012: $2,590,697Expenses 2012: $2,298,806Net Income 2012: $291,8912012Revenue 2013: $2,662,779Expenses 2013: $2,532,680Net Income 2013: $130,0992013Revenue 2014: $2,571,384Expenses 2014: $2,301,761Net Income 2014: $269,6232014Revenue 2015: $2,506,007Expenses 2015: $2,249,418Net Income 2015: $256,5892015Revenue 2016: $2,422,759Expenses 2016: $2,937,813Net Income 2016: -$515,0542016Revenue 2017: $2,581,036Expenses 2017: $2,486,622Net Income 2017: $94,4142017Revenue 2018: $2,563,790Expenses 2018: $2,436,972Net Income 2018: $126,8182018Revenue 2019: $2,598,669Expenses 2019: $2,550,966Net Income 2019: $47,7032019Revenue 2020: $2,659,052Expenses 2020: $2,794,882Net Income 2020: -$135,8302020Revenue 2021: $2,803,570Expenses 2021: $2,796,774Net Income 2021: $6,7962021Revenue 2022: $3,024,442Expenses 2022: $3,130,887Net Income 2022: -$106,4452022Revenue 2023: $3,154,100Expenses 2023: $3,211,500Net Income 2023: -$57,4002023Revenue 2024: $3,360,464Expenses 2024: $3,370,668Net Income 2024: -$10,2042024Revenue 2025: $3,458,815Expenses 2025: $3,591,867Net Income 2025: -$133,0522025

Highlighted filing

2014

Revenue$2,571,384
Expenses$2,301,761
Net Income$269,623
Jump To
Filing Snapshot
Filing Period
Apr 1, 2013 to Mar 31, 2014
Signed
Jan 15, 2015
Return Version
2013v4.0
Gross Receipts
$2,571,384
Mission and Program Overview

Mission

We are a hud subsidized and regulated apartment building, providing affordable housing and alf services to low income elderly and/or handicapped persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$756,179$621,065▼ $135,114
Accounts Receivable$41,163$84,703▲ $43,540
Cash and Non-Interest-Bearing Accounts$54,620$69,943▲ $15,323
Savings and Temporary Cash Investments$32,901$34,243▲ $1,342
Prepaid Expenses and Deferred Charges$95,922$18,953▼ $76,969
Total Assets$1,221,070$1,229,527▲ $8,457
Other Assets Total$240,285$400,620▲ $160,335
Liabilities
Mortgage Notes Payable Secured by Investment Property$729,908$409,362▼ $320,546
Accounts Payable and Accrued Expenses$108,310$161,098▲ $52,788
Other Liabilities$28,613$34,243▲ $5,630
Deferred Revenue-$962-
Total Liabilities$866,831$605,665▼ $261,166
Net Assets / Fund Balance
Unrestricted Net Assets$354,239$623,862▲ $269,623
Total Net Assets Fund Balance$354,239$623,862▲ $269,623
Total Liabilities and Net Assets / Fund Balance$1,221,070$1,229,527▲ $8,457

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$469,265$4,443,833$4,913,098
Land$151,800-$151,800
Other Land Buildings-$76,627$76,627
Equipment-$5,613$5,613
Other Assets Org$400,620--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Randal StrainPresident
Eddie AndrewsDirector
Marie HarveyDirector
Sally StrainSec/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$1,050,187
Program Service Revenue
$1,376,839
Investment Income
$141,113
Other Revenue
$3,245
Change in Net Assets
$269,623

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,571,384
Total Revenue per Audited Statements
$2,571,384
Total Revenue per Form 990
$2,571,384
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,928,009
Salaries, Compensation, and Employee Benefits$373,752
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$843,346--$843,346
Other Salaries and Wages$289,782--$289,782
Insurance$203,578--$203,578
Depreciation Depletion$135,114--$135,114
Fees for Services Management-$113,100-$113,100
Other Employee Benefits$65,787--$65,787
Office Expenses$42,741--$42,741
Payroll Taxes$18,183--$18,183
Fees for Services Accounting-$10,000-$10,000
Occupancy$7,800--$7,800
Interest$1,702--$1,702
Other Expenses$1,683--$1,683
Fees for Services Legal$1,235--$1,235
Total Functional Expenses$2,178,661$123,100$0$2,301,761

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,301,761
Total Expenses per Audited Statements$2,301,761
Total Expenses per Form 990$2,301,761
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
Federal income taxes$34,243
Tenant Security Deposits Held in Trust-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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 C, Line 19

The organization has its governing documents, conflict of interest policy, and financial statements available for public inspection at its management agent.

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

The 990 tax return is reviewed by the board before it is filed.

Form 990, Part VI, Section B, Line 12

The board annually discusses with each voting member the compliance on the conflict of interest policy.

Form 990, Part VI, Section B, Line 15B

The board reviews and approves the annual budget which contains detailed salaries. No officer or director received any compensation from this organization.

Form 990, Part VI, Section A, Line 3

This hud subsidized and regulated apartment complex is managed by presidio realty inc. Located at 4302 henderson blvd suite 114, tampa fl 33629.

Filing and Contact Details

Filer

EIN
59-1466401
Phone
8132238686

Signing Officer

Name
Randall Strain
Title
President
Phone
8138059000
Signed
2015-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randall Strain
Formed
2000
Voting Board Members
4
Independent Board Members
4
Employees
12

Preparer

Preparer
Dennis Cook
Phone
7275300402
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The board of directors selects and approves the auditor.

Raw XML Appendix396 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0118801
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt088424
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt084535
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0615473
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95240
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.94970
IRS990ScheduleA/PublicSupportTotal170Amt012304029
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02403251
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02500432
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02555084
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02441859
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02403403
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt012304029
IRS990ScheduleA/TotalSupportAmt012919502
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0469265
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04443833
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04913098
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05613
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05613
IRS990ScheduleD/ExpensesSubtotalAmt02301761
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0151800
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0151800
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0400620
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVES
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt076627
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt076627
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt034243
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt02571384
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0621065
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0400620
IRS990ScheduleD/TotalExpensesPerForm990Amt02301761
IRS990ScheduleD/TotalLiabilityAmt034243
IRS990ScheduleD/TotalRevenuePerForm990Amt02571384
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02571384
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02301761
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION AT ITS MANAGEMENT AGENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS SELECTS AND APPROVES THE AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 TAX RETURN IS REVIEWED BY THE BOARD BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD ANNUALLY DISCUSSES WITH EACH VOTING MEMBER THE COMPLIANCE ON THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD REVIEWS AND APPROVES THE ANNUAL BUDGET WHICH CONTAINS DETAILED SALARIES. NO OFFICER OR DIRECTOR RECEIVED ANY COMPENSATION FROM THIS ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THIS HUD SUBSIDIZED AND REGULATED APARTMENT COMPLEX IS MANAGED BY PRESIDIO REALTY INC. LOCATED AT 4302 HENDERSON BLVD SUITE 114, TAMPA FL 33629.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part XII, Line 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section A, Line 3
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01221070
IRS990/TotalAssetsEOYAmt01229527
IRS990/TotalAssetsGrp/BOYAmt01221070
IRS990/TotalAssetsGrp/EOYAmt01229527
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01050187
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0123100
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02178661
IRS990/TotalFunctionalExpensesGrp/TotalAmt02301761
IRS990/TotalGrossUBIAmt023775
IRS990/TotalLiabilitiesBOYAmt0866831
IRS990/TotalLiabilitiesEOYAmt0605665
IRS990/TotalLiabilitiesGrp/BOYAmt0866831
IRS990/TotalLiabilitiesGrp/EOYAmt0605665
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0354239
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0623862
IRS990/TotalProgramServiceExpensesAmt02178661
IRS990/TotalProgramServiceRevenueAmt01376839
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01497422
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02571384
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt023775
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01221070
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01229527
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0354239
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0623862
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine104302 HENDERSON BLVD
IRS990/USAddress/City0TAMPA
IRS990/USAddress/State0FL
IRS990/USAddress/ZIPCode033629
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0true
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RANDALL STRAIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08138059000
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-01-15
ReturnHeader/Filer/BusinessName/BusinessNameLine10PALM AVENUE BAPTIST TOWER INC
ReturnHeader/Filer/BusinessNameControlTxt0PALM
ReturnHeader/Filer/EIN0591466401
ReturnHeader/Filer/PhoneNum08132238686
ReturnHeader/Filer/USAddress/AddressLine10215 EAST PALM AVE
ReturnHeader/Filer/USAddress/City0TAMPA
ReturnHeader/Filer/USAddress/State0FL
ReturnHeader/Filer/USAddress/ZIPCode033602
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Dennis H Cook CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine101000 Belcher Rd South Suite 2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Largo
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode033771
ReturnHeader/PreparerPersonGrp/PhoneNum07275300402
ReturnHeader/PreparerPersonGrp/PreparationDt02015-01-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Dennis Cook
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-01-15T02:58:37-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-04-01
ReturnHeader/TaxPeriodEndDt02014-03-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.29$0.84$0.44$3.46$3.59$0.13
2024Detailed filing. Detailed filing data is available for this year.$1.48$0.91$0.58$3.36$3.37$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.42$0.83$0.59$3.15$3.21$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.46$0.82$0.65$3.02$3.13$0.11
2021Detailed filing. Detailed filing data is available for this year.$1.69$1.06$0.63$2.80$2.80$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.47$0.98$0.50$2.66$2.79$0.14
2019Detailed filing. Detailed filing data is available for this year.$1.73$1.10$0.63$2.60$2.55$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.30$0.71$0.59$2.56$2.44$0.13
2017Detailed filing. Detailed filing data is available for this year.$1.22$0.76$0.46$2.58$2.49$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.25$0.89$0.37$2.42$2.94$0.52
2015Detailed filing. Detailed filing data is available for this year.$1.17$0.28$0.88$2.51$2.25$0.26
2014Detailed filing. Detailed filing data is available for this year.$1.23$0.61$0.62$2.57$2.30$0.27
2013Summary only. Only limited summary data is available for this year.$1.22$0.87$0.35$2.66$2.53$0.13
2012Summary only. Only limited summary data is available for this year.$1.07$0.85$0.22$2.59$2.30$0.29