Civic Intelligence

Palm Avenue Baptist Tower Inc.

990 • Fiscal year 2017 • EIN 59-1466401

Apr 01, 2016 to Mar 31, 2017 • Filed on Aug 14, 2017

Organization Profile
215 East Palm AveTampa, FL 33602

(813) 223-8686

Siviq Scores

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

Liabilities / Assets

84th percentile

0.62x

Higher debt load relative to assets than 84% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

70th percentile

0.29x

Higher debt load relative to revenue than 70% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

52nd percentile

3.7%

Higher net margin than 52% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

28th percentile

-2.6%

Faster asset growth than 28% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

55th percentile

6.5%

Faster revenue growth than 55% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$1,218,900

Down $32,754 (-2.6%) from 2016

Net Assets

Up

$459,811

Up $94,414 (+26%) from 2016

Liabilities

Down

$759,089

Down $127,168 (-14%) from 2016

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin52nd percentile

Revenue

Up

$2,581,036

Up $158,277 (+6.5%) from 2016

Expenses

Down

$2,486,622

Down $451,191 (-15%) from 2016

Net Income

Up

$94,414

Up $609,468 (+118%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

2017

Assets$1,218,900
Liabilities$759,089
Net Assets$459,811
Open 2017 Filing

Operations Trend

Revenue Growth55th percentile

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

2017

Revenue$2,581,036
Expenses$2,486,622
Net Income$94,414
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2016 to Mar 31, 2017
Signed
Aug 14, 2017
Return Version
2016v3.0
Gross Receipts
$2,581,036
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$1,047,345$1,071,220▲ $23,875
Accounts Receivable$122,592$60,929▼ $61,663
Prepaid Expenses and Deferred Charges$26,906$42,716▲ $15,810
Savings and Temporary Cash Investments$31,223$29,857▼ $1,366
Cash and Non-Interest-Bearing Accounts$4,708$2,850▼ $1,858
Total Assets$1,251,654$1,218,900▼ $32,754
Other Assets Total$18,880$11,328▼ $7,552
Liabilities
Mortgage Notes Payable Secured by Investment Property$671,043$560,553▼ $110,490
Accounts Payable and Accrued Expenses$183,588$168,964▼ $14,624
Other Liabilities$31,170$29,179▼ $1,991
Deferred Revenue$456$393▼ $63
Total Liabilities$886,257$759,089▼ $127,168
Net Assets / Fund Balance
Unrestricted Net Assets$365,397$459,811▲ $94,414
Total Net Assets Fund Balance$365,397$459,811▲ $94,414
Total Liabilities and Net Assets / Fund Balance$1,251,654$1,218,900▼ $32,754

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$915,541$4,710,145$5,625,686
Land$151,800-$151,800
Other Land Buildings$3,879$78,289$82,168
Equipment-$5,613$5,613
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Randal StrainPresident
David JulDirector
Robert CramerDirector
Ruth Ann CrossDirector
Sally StrainSec/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$1,158,784
Program Service Revenue
$1,419,274
Investment Income
$49
Other Revenue
$2,929
Change in Net Assets
$94,414

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,581,036
Total Revenue per Audited Statements
$2,581,036
Total Revenue per Form 990
$2,581,036
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,074,783
Salaries, Compensation, and Employee Benefits$411,839
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$878,780--$878,780
Other Salaries and Wages$310,044--$310,044
Insurance$215,777--$215,777
Fees for Services Management-$102,372-$102,372
Other Employee Benefits$74,919--$74,919
Depreciation Depletion$62,524--$62,524
Office Expenses$36,637--$36,637
Payroll Taxes$26,876--$26,876
Interest$26,308--$26,308
Fees for Services Accounting-$11,000-$11,000
Total Functional Expenses$2,373,250$113,372$0$2,486,622

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,486,622
Total Expenses per Audited Statements$2,486,622
Total Expenses per Form 990$2,486,622
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$29,179
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 discussed 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

“The hud subsidized and regulated apartment complex is managed by presidio realty inc, located at 7827 n dale mabry hwy suite 104, tampa, fl 33614.”

Filing and Contact Details

Filer

Filer Name
Palm Avenue Baptist Tower Inc
EIN
59-1466401
Phone
8132238686
Address
215 EAST PALM AVE, TAMPA, FL 33602

Signing Officer

Name
Randall Strain
Title
President
Signed
2017-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randall Strain
Formed
2000
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Dennis H Cook CPA
Address
1000 Belcher Rd South Suite 2, Largo, FL 33771
Preparer
Dennis H Cook
Phone
7275300402
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The board of directors selects and approves the auditor.”

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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/CurrentTaxYearMinus1YearAmt025981
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0164888
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0158825
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0453825
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IRS990ScheduleA/PublicSupportCY170Pct00.96440
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.95710
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02500432
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt012283373
IRS990ScheduleA/TotalSupportAmt012737198
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0915541
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04710145
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05625686
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05613
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05613
IRS990ScheduleD/ExpensesSubtotalAmt02486622
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0151800
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0151800
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03879
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt078289
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt082168
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt029179
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/RevenueSubtotalAmt02581036
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01071220
IRS990ScheduleD/TotalExpensesPerForm990Amt02486622
IRS990ScheduleD/TotalLiabilityAmt029179
IRS990ScheduleD/TotalRevenuePerForm990Amt02581036
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02581036
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02486622
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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 DISCUSSED 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/ExplanationTxt5THE HUD SUBSIDIZED AND REGULATED APARTMENT COMPLEX IS MANAGED BY PRESIDIO REALTY INC, LOCATED AT 7827 N DALE MABRY HWY SUITE 104, TAMPA, FL 33614.
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
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt01218900
IRS990/TotalAssetsGrp/BOYAmt01251654
IRS990/TotalAssetsGrp/EOYAmt01218900
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01158784
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0113372
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02373250
IRS990/TotalFunctionalExpensesGrp/TotalAmt02486622
IRS990/TotalGrossUBIAmt019745
IRS990/TotalLiabilitiesBOYAmt0886257
IRS990/TotalLiabilitiesEOYAmt0759089
IRS990/TotalLiabilitiesGrp/BOYAmt0886257
IRS990/TotalLiabilitiesGrp/EOYAmt0759089
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IRS990/TotalProgramServiceExpensesAmt0273250
IRS990/TotalProgramServiceRevenueAmt01419274
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01402507
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02581036
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt019745
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01251654
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01218900
IRS990/TravelGrp/TotalAmt00
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0365397
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0459811
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04302 HENDERSON BLVD
IRS990/USAddress/CityNm0TAMPA
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IRS990/USAddress/ZIPCd033629
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IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0true
IRS990/WrittenPolicyOrProcedureInd0false
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PALM AVENUE BAPTIST TOWER INC
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ReturnHeader/FilingSecurityInformation/IPTm017:36:14

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,218,900
Liabilities
$759,089
Net assets
$459,811
Revenue
$2,581,036
Expenses
$2,486,622
Net income
$94,414
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