Civic Intelligence

St Michael'S Housing Inc

EIN 59-2312821 • 501(c)3 • Seminole, FL

Profile

We are a hud subsidized and regulated apartment complex. Our mission is to provide affordable housing and other services to low-income elderly and/or handicapped individuals.

6247 Seminole Blvd 400Seminole, FL 33772

n/A

Siviq Scores

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

Liabilities / Assets

99th percentile

3.11x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

97th percentile

6.32x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

33rd percentile

-2.4%

Higher net margin than 33% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

19th percentile

-7.0%

Faster asset growth than 19% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

45th percentile

4.5%

Faster revenue growth than 45% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$2,143,937

Down $151,791 (-6.6%) from 2023

Liabilities

Down

$6,988,766

Down $144,811 (-2.0%) from 2023

Net Assets

Down

-$4,844,829

Down $6,980 (-0.1%) from 2023

Revenue

Up

$1,174,672

Up $45,727 (+4.1%) from 2023

Expenses

Up

$1,181,652

Up $25,820 (+2.2%) from 2023

Net Income

Up

-$6,980

Up $19,907 (+74%) from 2023

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2011: $3,360,652Liabilities 2011: $3,745,147Net Assets 2011: -$384,4952011Assets 2012: $3,303,627Liabilities 2012: $3,699,206Net Assets 2012: -$395,5792012Assets 2013: $3,040,841Liabilities 2013: $3,678,368Net Assets 2013: -$637,5272013Assets 2014: $2,965,868Liabilities 2014: $3,592,883Net Assets 2014: -$627,0152014Assets 2015: $2,936,261Liabilities 2015: $3,621,717Net Assets 2015: -$685,4562015Assets 2016: $2,878,388Liabilities 2016: $3,587,726Net Assets 2016: -$709,3382016Assets 2017: $2,828,449Liabilities 2017: $3,507,655Net Assets 2017: -$679,2062017Assets 2018: $2,766,022Liabilities 2018: $3,427,000Net Assets 2018: -$660,9782018Assets 2019: $2,611,059Liabilities 2019: $3,236,004Net Assets 2019: -$624,9452019Assets 2020: $3,682,566Liabilities 2020: $7,546,331Net Assets 2020: -$3,863,7652020Assets 2021: $3,600,891Liabilities 2021: $7,402,852Net Assets 2021: -$3,801,9612021Assets 2022: $2,468,201Liabilities 2022: $7,279,163Net Assets 2022: -$4,810,9622022Assets 2023: $2,295,728Liabilities 2023: $7,133,577Net Assets 2023: -$4,837,8492023Assets 2024: $2,143,937Liabilities 2024: $6,988,766Net Assets 2024: -$4,844,8292024

Highlighted filing

2024

Assets$2,143,937
Liabilities$6,988,766
Net Assets-$4,844,829

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2011: $952,3922011Expenses 2012: $937,6572012Revenue 2013: $729,380Expenses 2013: $971,328Net Income 2013: -$241,9482013Revenue 2014: $947,889Expenses 2014: $937,377Net Income 2014: $10,5122014Revenue 2015: $965,957Expenses 2015: $939,522Net Income 2015: $26,4352015Revenue 2016: $980,883Expenses 2016: $983,506Net Income 2016: -$2,6232016Revenue 2017: $999,122Expenses 2017: $968,618Net Income 2017: $30,5042017Revenue 2018: $1,010,504Expenses 2018: $992,272Net Income 2018: $18,2322018Revenue 2019: $1,035,029Expenses 2019: $998,996Net Income 2019: $36,0332019Revenue 2020: $1,055,298Expenses 2020: $4,294,118Net Income 2020: -$3,238,8202020Revenue 2021: $1,079,110Expenses 2021: $1,037,790Net Income 2021: $41,3202021Revenue 2022: $1,080,171Expenses 2022: $2,089,172Net Income 2022: -$1,009,0012022Revenue 2023: $1,128,945Expenses 2023: $1,155,832Net Income 2023: -$26,8872023Revenue 2024: $1,174,672Expenses 2024: $1,181,652Net Income 2024: -$6,9802024

Highlighted filing

2024

Revenue$1,174,672
Expenses$1,181,652
Net Income-$6,980

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.14$6.99$4.84$1.17$1.18$0.01
2023Detailed filing. Detailed filing data is available for this year.$2.30$7.13$4.84$1.13$1.16$0.03
2022Detailed filing. Detailed filing data is available for this year.$2.47$7.28$4.81$1.08$2.09$1.01
2021Detailed filing. Detailed filing data is available for this year.$3.60$7.40$3.80$1.08$1.04$0.04
2020Detailed filing. Detailed filing data is available for this year.$3.68$7.55$3.86$1.06$4.29$3.24
2019Detailed filing. Detailed filing data is available for this year.$2.61$3.24$0.62$1.04$1.00$0.04
2018Detailed filing. Detailed filing data is available for this year.$2.77$3.43$0.66$1.01$0.99$0.02
2017Detailed filing. Detailed filing data is available for this year.$2.83$3.51$0.68$1.00$0.97$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.88$3.59$0.71$0.98$0.98$0.00
2015Detailed filing. Detailed filing data is available for this year.$2.94$3.62$0.69$0.97$0.94$0.03
2014Detailed filing. Detailed filing data is available for this year.$2.97$3.59$0.63$0.95$0.94$0.01
2013Detailed filing. Detailed filing data is available for this year.$3.04$3.68$0.64$0.73$0.97$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.30$3.70$0.40$0.94
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.36$3.75$0.38$0.95
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 18, 2025
Return Version
2024v5.0
Gross Receipts
$1,174,672
Mission and Program Overview

Mission

We are a HUD subsidized and

We are a hud subsidized and regulated apartment complex. Our mission is to provide affordable housing and other services to low-income elderly and/or handicapped individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,564,929$1,488,613▼ $76,316
Savings and Temporary Cash Investments$617,454$539,010▼ $78,444
Prepaid Expenses and Deferred Charges$78,378$86,047▲ $7,669
Cash and Non-Interest-Bearing Accounts$25,591$20,648▼ $4,943
Accounts Receivable$5,376$5,619▲ $243
Total Assets$2,295,728$2,143,937▼ $151,791
Other Assets Total$4,000$4,000→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,044,820$6,893,090▼ $151,730
Accounts Payable and Accrued Expenses$60,940$65,559▲ $4,619
Other Liabilities$27,766$29,469▲ $1,703
Deferred Revenue$51$648▲ $597
Total Liabilities$7,133,577$6,988,766▼ $144,811
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-4,837,849$-4,844,829▼ $6,980
Total Net Assets Fund Balance$-4,837,849$-4,844,829▼ $6,980
Total Liabilities and Net Assets / Fund Balance$2,295,728$2,143,937▼ $151,791

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,013,849$3,986,793$5,000,642
Land$411,567-$411,567
Equipment$47,463$24,465$71,928
Other Land Buildings$15,734$26,975$42,709
Compensation and Service Providers

Employees

NameTitleOtherTotal
James WayneTreasurer$91,606$91,606

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$839,147
Program Service Revenue
$310,891
Investment Income
$19,161
Other Revenue
$5,473
Change in Net Assets
$-6,980

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,174,672
Total Revenue per Audited Statements
$1,174,672
Total Revenue per Form 990
$1,174,672
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$942,057
Salaries, Compensation, and Employee Benefits$239,595
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$373,823--$373,823
Other Salaries and Wages$206,268--$206,268
Depreciation Depletion$171,312--$171,312
Interest$166,074--$166,074
Insurance$123,839--$123,839
Fees for Services Management-$61,404-$61,404
Fees for Services Accounting-$18,867-$18,867
Office Expenses$17,700--$17,700
Payroll Taxes$12,961--$12,961
Other Employee Benefits$11,637--$11,637
Pension Plan Contributions$8,729--$8,729
Fees for Services Legal-$3,300-$3,300
Conferences and Meetings-$2,556-$2,556
Other Expenses$220$1,417-$220
Total Functional Expenses$1,092,563$89,089$0$1,181,652

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,181,652
Total Expenses per Audited Statements$1,181,652
Total Expenses per Form 990$1,181,652
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 Security Deposits$29,469
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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, Page 6, Part VI, Line 3

This hud subsidized apartment complex is managed by catholic charities community development corporation, a related organization.

Form 990, Page 6, Part VI, Line 11B

This form 990 is reviewed by the board before it is filed.

Form 990, Page 6, Part VI, Line 12C

The board of directors annually polls each member for compliance.

Form 990, Page 6, Part VI, Line 15A

The board of directors annually reviews and approves all detailed salaries.

Form 990, Page 6, Part VI, Line 15B

The board of directors annually reviews and approves all detailed salaries.

Form 990, Page 6, Part VI, Line 19

The organization has its governing documents, conflict of interest policy, and financial statements available at the above management agent office.

Filing and Contact Details

Filer

Filer Name
ST MICHAEL'S HOUSING INC
EIN
59-2312821
Phone
7277978551
Address
6247 SEMINOLE BLVD 400, SEMINOLE, FL 33772
Doing Business As
Casa Miguel

Signing Officer

Name
James Wayne
Title
Treasurer
Phone
7277978551
Signed
2025-04-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Wayne
Formed
1982
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
7

Preparer

Firm
Prida Guida & Perez Pa
Address
2504 WEST KATHLEEN ST, TAMPA, FL 33607
Preparer
George K Guida
Phone
8132266091
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THIS HUD SUBSIDIZED APARTMENT COMPLEX IS MANAGED BY CATHOLIC CHARITIES COMMUNITY DEVELOPMENT CORPORATION, A RELATED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THIS FORM 990 IS REVIEWED BY THE BOARD BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS ANNUALLY POLLS EACH MEMBER FOR COMPLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS ANNUALLY REVIEWS AND APPROVES ALL DETAILED SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS ANNUALLY REVIEWS AND APPROVES ALL DETAILED SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE AT THE ABOVE MANAGEMENT AGENT OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CATHOLIC CHARITIES COMMUNITY
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2DIOCESE OF ST PETERSBURG INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt1ST PETERSBURG INC
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine2Txt1NO 400
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SEMINOLE
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CATHOLIC CHARITIES COMMUNITY

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