Civic Intelligence

First Baptist Housing Inc

990 • Fiscal year 2016 • EIN 59-2357101

Jan 01, 2016 to Dec 31, 2016 • Filed on May 10, 2017

414 East Pine StreetOrlando, FL 32801

(407) 841-7207

Siviq Scores

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

Liabilities / Assets

65th percentile

0.24x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

72nd percentile

0.36x

Higher debt load relative to revenue than 72% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

86th percentile

30%

Higher net margin than 86% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

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.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

80th percentile

17%

Faster asset growth than 80% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

75th percentile

18%

Faster revenue growth than 75% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$2,286,360

Up $336,134 (+17%) from 2015

Net Assets

Up

$1,748,802

Up $446,585 (+34%) from 2015

Liabilities

Down

$537,558

Down $110,451 (-17%) from 2015

Revenue

Up

$1,504,768

Up $228,556 (+18%) from 2015

Expenses

Down

$1,058,183

Down $10,111 (-0.9%) from 2015

Net Income

Up

$446,585

Up $238,667 (+115%) from 2015

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,444,665Liabilities 2011: $884,575Net Assets 2011: $560,0902011Assets 2012: $1,585,705Liabilities 2012: $842,696Net Assets 2012: $743,0092012Assets 2013: $1,713,028Liabilities 2013: $797,888Net Assets 2013: $915,1402013Assets 2014: $1,820,073Liabilities 2014: $725,774Net Assets 2014: $1,094,2992014Assets 2015: $1,950,226Liabilities 2015: $648,009Net Assets 2015: $1,302,2172015Assets 2016: $2,286,360Liabilities 2016: $537,558Net Assets 2016: $1,748,8022016Assets 2017: $2,505,189Liabilities 2017: $479,967Net Assets 2017: $2,025,2222017Assets 2018: $2,679,138Liabilities 2018: $421,416Net Assets 2018: $2,257,7222018Assets 2019: $3,006,109Liabilities 2019: $538,783Net Assets 2019: $2,467,3262019Assets 2020: $211,260Liabilities 2020: $1,296Net Assets 2020: $209,9642020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2016

Assets$2,286,360
Liabilities$537,558
Net Assets$1,748,802

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2011: $968,6652011Expenses 2012: $992,8182012Revenue 2013: $1,239,816Expenses 2013: $1,067,685Net Income 2013: $172,1312013Revenue 2014: $1,249,144Expenses 2014: $1,069,985Net Income 2014: $179,1592014Revenue 2015: $1,276,212Expenses 2015: $1,068,294Net Income 2015: $207,9182015Revenue 2016: $1,504,768Expenses 2016: $1,058,183Net Income 2016: $446,5852016Revenue 2017: $1,312,883Expenses 2017: $1,036,463Net Income 2017: $276,4202017Revenue 2018: $1,306,746Expenses 2018: $1,074,246Net Income 2018: $232,5002018Revenue 2019: $1,286,665Expenses 2019: $1,077,061Net Income 2019: $209,6042019Revenue 2020: $15,132,782Expenses 2020: $17,390,144Net Income 2020: -$2,257,3622020Revenue 2021: $4,239Expenses 2021: $214,203Net Income 2021: -$209,9642021

Highlighted filing

2016

Revenue$1,504,768
Expenses$1,058,183
Net Income$446,585
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 10, 2017
Return Version
2016v3.0
Gross Receipts
$1,504,768
Mission and Program Overview

Mission

First Baptist Housing, Inc. provides housing at below market rates to the elderly. It is a high-rise apartment complex under Section 202 of the National Housing Act and is regulated by the Department of Housing and Urban Development (HUD) as to rent charges and operating methods.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,290,368$1,550,080▲ $259,712
Savings and Temporary Cash Investments$506,772$0▼ $506,772
Cash and Non-Interest-Bearing Accounts$33,825$270,327▲ $236,502
Pledges and Grants Receivable$28,124$20,649▼ $7,475
Prepaid Expenses and Deferred Charges$91,137$1,844▼ $89,293
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,950,226$2,286,360▲ $336,134
Other Assets Total-$443,460-
Liabilities
Mortgage Notes Payable Secured by Investment Property$501,548$422,781▼ $78,767
Other Liabilities$86,526$89,718▲ $3,192
Accounts Payable and Accrued Expenses$59,935$24,493▼ $35,442
Deferred Revenue-$566-
Total Liabilities$648,009$537,558▼ $110,451
Net Assets / Fund Balance
Unrestricted Net Assets$1,302,217$1,748,802▲ $446,585
Total Net Assets Fund Balance$1,302,217$1,748,802▲ $446,585
Total Liabilities and Net Assets / Fund Balance$1,950,226$2,286,360▲ $336,134

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,547,320-$3,547,320
Other Land Buildings$-2,510,467$3,078,515$568,048
Land$297,211-$297,211
Equipment$216,016-$216,016
Other Assets Org$89,718--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Robert E KelseyPresident
Lloyd BlackburnVice President
Danny DeArmasDirector
Edward P RognerDirector
J Judd PetersonDirector
Kenneth MajorsDirector
Michael HammondDirector
Paulette SmithDirector
Lois H WengerFormer V.P.
Wilburn T MowdySecretary
Alan E HairTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$73,369
Program Service Revenue
$1,172,732
Investment Income
$910
Other Revenue
$257,757
Change in Net Assets
$446,585
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$746,340
Salaries, Compensation, and Employee Benefits$311,843
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$254,972--$254,972
Occupancy$211,778--$211,778
Depreciation Depletion$121,751--$121,751
Fees for Services Management-$86,118-$86,118
Insurance$74,382--$74,382
Other Employee Benefits$36,015--$36,015
Office Expenses$21,872--$21,872
Payroll Taxes$20,856--$20,856
All Other Expenses$20,728--$20,728
Fees for Services Legal-$16,650-$16,650
Fees for Services Accounting-$15,984-$15,984
Interest$13,772--$13,772
Other Expenses$10,954--$10,954
Travel$2,836--$2,836
Total Functional Expenses$939,431$118,752$0$1,058,183
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$89,718
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

The board hired a management company to manage the day to day operations of the facilities and to provide accounting and financial oversight.

Form 990, Part VI, Line 11B: Form 990 Review Process

The Executive Committee reviews the Form 990 before filing.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
First Baptist Housing Inc
EIN
59-2357101
Phone
4078417207
Address
414 East Pine Street, Orlando, FL 32801

Signing Officer

Name
Robert E Kelsey
Title
President
Signed
2017-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert E Kelsey
Formed
1968
Legal Domicile
Fl
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
9

Preparer

Firm
Barton Gonzalez & Myers Pa
Address
13137 66TH ST, LARGO, FL 33773-1812
Preparer
Sergio Gonzalez
Phone
7273441040
Supplemental Narrative

Additional Explanations

Client Note 1

Client Note 1 - Form 990, Part V, Line 2aForm 990, Part VI, Section B, Line 15Form 900, Part IX, Line 7 & 10 - Statement of Functional ExpensesCompensation:The organization has no employees. All compensation costs are allocated from the employees of the management company.

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IRS990/Form990PartVIISectionAGrp/PersonNm7Robert E Kelsey
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0211778
IRS990/OccupancyGrp/TotalAmt0211778
IRS990/OfficeExpensesGrp/ProgramServicesAmt021872
IRS990/OfficeExpensesGrp/TotalAmt021872
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt0443460
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt036015
IRS990/OtherEmployeeBenefitsGrp/TotalAmt036015
IRS990/OtherExpensesGrp/Desc0Service Coordinator
IRS990/OtherExpensesGrp/Desc1Maintenance Contracts
IRS990/OtherExpensesGrp/Desc2Supplies
IRS990/OtherExpensesGrp/Desc3Garbage and trash removal
IRS990/OtherExpensesGrp/ProgramServicesAmt073369
IRS990/OtherExpensesGrp/ProgramServicesAmt146776
IRS990/OtherExpensesGrp/ProgramServicesAmt229370
IRS990/OtherExpensesGrp/ProgramServicesAmt310954
IRS990/OtherExpensesGrp/TotalAmt073369
IRS990/OtherExpensesGrp/TotalAmt146776
IRS990/OtherExpensesGrp/TotalAmt229370
IRS990/OtherExpensesGrp/TotalAmt310954
IRS990/OtherLiabilitiesGrp/BOYAmt086526
IRS990/OtherLiabilitiesGrp/EOYAmt089718
IRS990/OtherRevenueMiscGrp/Desc0Cable TV
IRS990/OtherRevenueMiscGrp/Desc1Laundry and Vending
IRS990/OtherRevenueMiscGrp/Desc2Miscellaneous Revenue
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt029664
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt123619
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt2204474
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt029664
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt123619
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2204474
IRS990/OtherRevenueTotalAmt0257757
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0254972
IRS990/OtherSalariesAndWagesGrp/TotalAmt0254972
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt020856
IRS990/PayrollTaxesGrp/TotalAmt020856
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt028124
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt020649
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt091137
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01844
IRS990/PrincipalOfficerNm0Robert E Kelsey
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Rent Revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01172732
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01172732
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt076897
IRS990/PYExcessBenefitTransInd0false
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IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0776531
IRS990/PYProgramServiceRevenueAmt01198068
IRS990/PYRevenuesLessExpensesAmt0207918
IRS990/PYSalariesCompEmpBnftPaidAmt0291763
IRS990/PYTotalExpensesAmt01068294
IRS990/PYTotalRevenueAmt01276212
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0446585
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01504768
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0506772
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt073369
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt076897
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt075161
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt072049
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt073991
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0371467
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0910
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01247
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0261
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0258
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0375
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03051
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01172732
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01199315
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01173722
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01167509
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01101371
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05814649
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0910
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01247
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0261
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0258
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0375
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03051
IRS990ScheduleA/InvestmentIncomeCYPct00.00050
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0257757
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0257757
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95950
IRS990ScheduleA/PublicSupportPY509Pct00.99950
IRS990ScheduleA/PublicSupportTotal509Amt06186116
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01276212
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01248883
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01239558
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01175362
IRS990ScheduleA/Total509Grp/TotalAmt06186116
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01504768
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01277459
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01249144
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01239816
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01175737
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06446924
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt03547320
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03547320
IRS990ScheduleD/EquipmentGrp/BookValueAmt0216016
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0216016
IRS990ScheduleD/LandGrp/BookValueAmt0297211

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