Civic Intelligence

Holiday Isle Improvement Association

EIN 59-1524339 • 501(c)4 • Destin, FL

Profile

Improvements, beautification and maintenance of holiday isle, destin, fl

PO Drawer 5467Destin, FL 32540

www.holidayisleimprovement.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

71st percentile

0.14x

Higher debt load relative to assets than 71% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

75th percentile

0.25x

Higher debt load relative to revenue than 75% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2017

Net Margin

40th percentile

1.1%

Higher net margin than 40% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

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

501(c)4 • $500k-$1M nonprofits • Source year 2017

Asset Growth

66th percentile

9.1%

Faster asset growth than 66% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

71st percentile

21%

Faster revenue growth than 71% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$986,693

Up $81,926 (+9.1%) from 2016

Liabilities

Up

$135,411

Up $75,758 (+127%) from 2016

Net Assets

Up

$851,282

Up $6,168 (+0.7%) from 2016

Revenue

Up

$543,620

Up $94,153 (+21%) from 2016

Expenses

Up

$537,452

Up $55,181 (+11%) from 2016

Net Income

Up

$6,168

Up $38,972 (+119%) from 2016

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2010: $483,795Liabilities 2010: $19,900Net Assets 2010: $463,8952010Assets 2011: $632,128Liabilities 2011: $24,542Net Assets 2011: $607,5862011Assets 2012: $707,902Liabilities 2012: $30,617Net Assets 2012: $677,2852012Assets 2013: $845,743Liabilities 2013: $39,792Net Assets 2013: $805,9512013Assets 2014: $910,876Liabilities 2014: $42,110Net Assets 2014: $868,7662014Assets 2015: $926,890Liabilities 2015: $48,972Net Assets 2015: $877,9182015Assets 2016: $904,767Liabilities 2016: $59,653Net Assets 2016: $845,1142016Assets 2017: $986,693Liabilities 2017: $135,411Net Assets 2017: $851,2822017

Highlighted filing

2017

Assets$986,693
Liabilities$135,411
Net Assets$851,282

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $304,400Expenses 2010: $442,029Net Income 2010: -$137,6292010Expenses 2011: $333,9302011Expenses 2012: $349,8142012Expenses 2013: $330,7742013Revenue 2014: $437,749Expenses 2014: $374,934Net Income 2014: $62,8152014Revenue 2015: $435,295Expenses 2015: $426,143Net Income 2015: $9,1522015Revenue 2016: $449,467Expenses 2016: $482,271Net Income 2016: -$32,8042016Revenue 2017: $543,620Expenses 2017: $537,452Net Income 2017: $6,1682017

Highlighted filing

2017

Revenue$543,620
Expenses$537,452
Net Income$6,168

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Nov 1, 2016 to Oct 31, 2017
Signed
Sep 4, 2018
Return Version
2016v3.0
Gross Receipts
$546,866
Mission and Program Overview

Mission

Improvements, beautification and maintenance of holiday isle, destin, fl

Improvements, beautification and maintenance of holiday isle, destin, fl.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$670,443$408,402▼ $262,041
Cash and Non-Interest-Bearing Accounts$76,333$354,037▲ $277,704
Land, Buildings, and Equipment, Net$130,183$197,055▲ $66,872
Accounts Receivable$20,015$16,950▼ $3,065
Prepaid Expenses and Deferred Charges$6,440$9,161▲ $2,721
Total Assets$904,767$986,693▲ $81,926
Other Assets Total$1,353$1,088▼ $265
Liabilities
Other Liabilities$42,000$113,051▲ $71,051
Accounts Payable and Accrued Expenses$10,870$11,951▲ $1,081
Deferred Revenue$6,783$10,409▲ $3,626
Total Liabilities$59,653$135,411▲ $75,758
Net Assets / Fund Balance
Unrestricted Net Assets$845,114$851,282▲ $6,168
Total Net Assets Fund Balance$845,114$851,282▲ $6,168
Total Liabilities and Net Assets / Fund Balance$904,767$986,693▲ $81,926

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$119,237$47,184$166,421
Buildings$72,891$1,393$74,284
Equipment$4,577$43,914$48,491
Other Land Buildings$350-$350
Compensation and Service Providers

Board Members and Trustees

NameTitle
David SchuesslerPresident
Guy TadlockVice President
Keith HinrichsDirector
Kimberly MerglerDirector
Rick ChappellDirector
Rodric CascioDirector
Scott FischerDirector
Suzann CieutatSecretary
Darryl SheltonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$521,839
Investment Income
$4,957
Other Revenue
$16,824
Change in Net Assets
$6,168
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$459,500
Salaries, Compensation, and Employee Benefits$77,952
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$173,164-$173,164
Other Salaries and Wages-$73,815-$73,815
Fees for Services Legal-$41,574-$41,574
Occupancy-$35,324-$35,324
Office Expenses-$34,860-$34,860
Fees for Services Accounting-$21,435-$21,435
Depreciation Depletion-$18,202-$18,202
Insurance$7,023$7,024-$14,047
Payroll Taxes-$4,137-$4,137
Other Expenses$2,067$35,384-$2,067
All Other Expenses$1,337--$1,337
Total Functional Expenses$92,533$444,919$0$537,452
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
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Contingent Legal Liabilities$64,539
Refundable Construction Deposit$48,000
Other Liabilities$512
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Dues paying property owners are considered members of the association.

Form 990, Part VI, Section A, Line 7A

The members elect the board of directors at annual membership meetings.

Form 990, Part VI, Section A, Line 7B

Based on the association's bylaws, certain actions of the board are subject to approval by a majority membership vote.

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

A draft copy of form 990 is provided to members of the board of directors for their review prior to filing.

Form 990, Part VI, Section C, Line 19

The official records of the association shall be kept available at the association office for inspection and/or photocopying by members or their authorized agents at reasonable times.

Filing and Contact Details

Filer

Filer Name
Holiday Isle Improvement Association Inc
EIN
59-1524339
Phone
8508374753
Address
PO DRAWER 5467, DESTIN, FL 32540

Signing Officer

Name
David Schuessler
Title
President
Phone
8508374753
Signed
2018-09-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Schuessler
Formed
1997
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
0

Preparer

Firm
Saltmarsh Cleaveland & Gund
Address
34 WALTER MARTIN ROAD, FT WALTON BEACH, FL 32548
Preparer
Charles E Landers CPA
Phone
8502436713
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Landscaping and maintenance: program service expenses 0. Management and general expenses 108,625. Fundraising expenses 0. Total expenses 108,625. Legal settlements: program service expenses 0. Management and general expenses 64,539. Fundraising expenses 0. Total expenses 64,539.

FORM 990, PART XII, LINE 2C:

The organization did not change its oversight process or selection process during the tax year.

Financial Statement Notes

PART X, LINE 2:

The association follows accounting requirements associated with uncertainty in income taxes using the provisions of accounting standards codification 740, income taxes. Using that guidance, tax positions initially need to be recognized in the financial statements when it is more-likely-than-not the positions will be sustained upon examination by the tax authorities. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of october 31, 2017, the association has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements.

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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0408402
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt072891
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01393
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt074284
IRS990ScheduleD/EquipmentGrp/BookValueAmt04577
IRS990ScheduleD/EquipmentGrp/DepreciationAmt043914
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt048491
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0119237
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt047184
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0166421
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0350
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0350
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt048000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1512
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt264539
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REFUNDABLE CONSTRUCTION DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CONTINGENT LEGAL LIABILITIES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION FOLLOWS ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF OCTOBER 31, 2017, THE ASSOCIATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0197055
IRS990ScheduleD/TotalLiabilityAmt0113051
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DUES PAYING PROPERTY OWNERS ARE CONSIDERED MEMBERS OF THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS ELECT THE BOARD OF DIRECTORS AT ANNUAL MEMBERSHIP MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BASED ON THE ASSOCIATION'S BYLAWS, CERTAIN ACTIONS OF THE BOARD ARE SUBJECT TO APPROVAL BY A MAJORITY MEMBERSHIP VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A DRAFT COPY OF FORM 990 IS PROVIDED TO MEMBERS OF THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE OFFICIAL RECORDS OF THE ASSOCIATION SHALL BE KEPT AVAILABLE AT THE ASSOCIATION OFFICE FOR INSPECTION AND/OR PHOTOCOPYING BY MEMBERS OR THEIR AUTHORIZED AGENTS AT REASONABLE TIMES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LANDSCAPING AND MAINTENANCE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 108,625. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 108,625. LEGAL SETTLEMENTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 64,539. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 64,539.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToProxyTaxInd01
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0904767
IRS990/TotalAssetsEOYAmt0986693
IRS990/TotalAssetsGrp/BOYAmt0904767
IRS990/TotalAssetsGrp/EOYAmt0986693
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0444919
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt092533
IRS990/TotalFunctionalExpensesGrp/TotalAmt0537452
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt059653
IRS990/TotalLiabilitiesEOYAmt0135411
IRS990/TotalLiabilitiesGrp/BOYAmt059653
IRS990/TotalLiabilitiesGrp/EOYAmt0135411
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0845114
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0851282
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt092533
IRS990/TotalProgramServiceRevenueAmt0521839
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt023602
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0520018
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0543620
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0904767
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0986693
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0845114
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0851282
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO DRAWER 5467
IRS990/USAddress/CityNm0DESTIN
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032540
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.HOLIDAYISLEIMPROVEMENT.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID SCHUESSLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08508374753
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-09-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOLIDAY ISLE IMPROVEMENT ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0HOLI
ReturnHeader/Filer/EIN0591524339
ReturnHeader/Filer/PhoneNum08508374753
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO DRAWER 5467
ReturnHeader/Filer/USAddress/CityNm0DESTIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032540
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId03CEDF3E7AD834D66483EA3E75936BF36D8FECFA7
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03CEDF3E7AD834D66483EA3E75936BF36D8FECFA7
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt070.169.168.131
ReturnHeader/FilingSecurityInformation/IPDt02018-09-04
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm008:39:31
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0592922169
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SALTMARSH CLEAVELAND & GUND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt034 WALTER MARTIN ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FT WALTON BEACH

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