Civic Intelligence

First Baptist Housing Inc

990 • Fiscal year 2017 • EIN 59-2357101

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 29, 2018

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

62nd percentile

0.19x

Higher debt load relative to assets than 62% of similar nonprofits.

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

Liabilities / Revenue

73rd percentile

0.37x

Higher debt load relative to revenue than 73% of similar nonprofits.

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

Net Margin

79th percentile

21%

Higher net margin than 79% 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

67th percentile

9.6%

Faster asset growth than 67% of similar nonprofits.

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

Revenue Growth

18th percentile

-13%

Faster revenue growth than 18% of similar nonprofits.

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

Assets

Up

$2,505,189

Up $218,829 (+9.6%) from 2016

Net Assets

Up

$2,025,222

Up $276,420 (+16%) from 2016

Liabilities

Down

$479,967

Down $57,591 (-11%) from 2016

Revenue

Down

$1,312,883

Down $191,885 (-13%) from 2016

Expenses

Down

$1,036,463

Down $21,720 (-2.1%) from 2016

Net Income

Down

$276,420

Down $170,165 (-38%) from 2016

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

2017

Assets$2,505,189
Liabilities$479,967
Net Assets$2,025,222

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

2017

Revenue$1,312,883
Expenses$1,036,463
Net Income$276,420
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 29, 2018
Return Version
2017v2.2
Gross Receipts
$1,312,883
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$1,550,080$1,464,075▼ $86,005
Savings and Temporary Cash Investments-$200,967-
Pledges and Grants Receivable$20,649$99,731▲ $79,082
Cash and Non-Interest-Bearing Accounts$270,327$57,698▼ $212,629
Prepaid Expenses and Deferred Charges$1,844$56,203▲ $54,359
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$2,286,360$2,505,189▲ $218,829
Other Assets Total$443,460$626,515▲ $183,055
Liabilities
Mortgage Notes Payable Secured by Investment Property$422,781$341,618▼ $81,163
Other Liabilities$89,718$90,808▲ $1,090
Accounts Payable and Accrued Expenses$24,493$47,525▲ $23,032
Deferred Revenue$566$16▼ $550
Total Liabilities$537,558$479,967▼ $57,591
Net Assets / Fund Balance
Unrestricted Net Assets$1,748,802$2,025,222▲ $276,420
Total Net Assets Fund Balance$1,748,802$2,025,222▲ $276,420
Total Liabilities and Net Assets / Fund Balance$2,286,360$2,505,189▲ $218,829

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,551,036-$3,551,036
Other Land Buildings$-2,633,499$3,211,902$578,403
Land$327,980-$327,980
Equipment$218,558-$218,558
Other Assets Org$90,808--
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
Wilburn T MowdySecretary
Alan E HairTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$79,082
Program Service Revenue
$1,172,507
Investment Income
$2,932
Other Revenue
$58,362
Change in Net Assets
$276,420
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$738,767
Salaries, Compensation, and Employee Benefits$297,696
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$242,221--$242,221
Occupancy$212,244--$212,244
Depreciation Depletion$133,387--$133,387
Fees for Services Management-$86,061-$86,061
Insurance$64,702--$64,702
Other Employee Benefits$35,908--$35,908
All Other Expenses$21,482--$21,482
Payroll Taxes$19,567--$19,567
Office Expenses$18,097--$18,097
Fees for Services Legal-$13,310-$13,310
Fees for Services Accounting-$12,124-$12,124
Interest$11,371--$11,371
Other Expenses$11,147--$11,147
Travel$891--$891
Advertising$35--$35
Total Functional Expenses$924,968$111,495$0$1,036,463
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$90,808
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
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
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
2018-03-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert E Kelsey
Formed
1968
Legal Domicile
Fl
Voting Board Members
10
Independent Board Members
10
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/OtherEmployeeBenefitsGrp/ProgramServicesAmt035908
IRS990/OtherEmployeeBenefitsGrp/TotalAmt035908
IRS990/OtherExpensesGrp/Desc0Service Coordinator
IRS990/OtherExpensesGrp/Desc1Maintenance Contracts
IRS990/OtherExpensesGrp/Desc2Supplies
IRS990/OtherExpensesGrp/Desc3Garbage and trash removal
IRS990/OtherExpensesGrp/ProgramServicesAmt079082
IRS990/OtherExpensesGrp/ProgramServicesAmt148074
IRS990/OtherExpensesGrp/ProgramServicesAmt226760
IRS990/OtherExpensesGrp/ProgramServicesAmt311147
IRS990/OtherExpensesGrp/TotalAmt079082
IRS990/OtherExpensesGrp/TotalAmt148074
IRS990/OtherExpensesGrp/TotalAmt226760
IRS990/OtherExpensesGrp/TotalAmt311147
IRS990/OtherLiabilitiesGrp/BOYAmt089718
IRS990/OtherLiabilitiesGrp/EOYAmt090808
IRS990/OtherRevenueMiscGrp/Desc0Cable TV
IRS990/OtherRevenueMiscGrp/Desc1Laundry and Vending
IRS990/OtherRevenueMiscGrp/Desc2Tenant Charges
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt028499
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt124037
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt25826
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt028499
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt124037
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt25826
IRS990/OtherRevenueTotalAmt058362
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0242221
IRS990/OtherSalariesAndWagesGrp/TotalAmt0242221
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt019567
IRS990/PayrollTaxesGrp/TotalAmt019567
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt020649
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt099731
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01844
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt056203
IRS990/PrincipalOfficerNm0Robert E Kelsey
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Rent Revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01172507
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01172507
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt073369
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0910
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0746340
IRS990/PYOtherRevenueAmt0257757
IRS990/PYProgramServiceRevenueAmt01172732
IRS990/PYRevenuesLessExpensesAmt0446585
IRS990/PYSalariesCompEmpBnftPaidAmt0311843
IRS990/PYTotalExpensesAmt01058183
IRS990/PYTotalRevenueAmt01504768
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0276420
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01312883
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0200967
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt079082
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt073369
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt076897
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt075161
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt072049
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0376558
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02932
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0910
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01247
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0261
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0258
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05608
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01172507
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01172732
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01199315
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01173722
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01167509
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05885785
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02932
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0910
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01247
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0261
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0258
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05608
IRS990ScheduleA/InvestmentIncomeCYPct00.00090
IRS990ScheduleA/InvestmentIncomePYPct00.00050
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt058362
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0257757
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0316119
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95110
IRS990ScheduleA/PublicSupportPY509Pct00.95950
IRS990ScheduleA/PublicSupportTotal509Amt06262343
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01251589
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01246101
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01276212
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01248883
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01239558
IRS990ScheduleA/Total509Grp/TotalAmt06262343
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01312883
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01504768
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01277459
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01249144
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01239816
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06584070
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt03551036
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03551036
IRS990ScheduleD/EquipmentGrp/BookValueAmt0218558
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0218558
IRS990ScheduleD/LandGrp/BookValueAmt0327980
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0327980
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0535707
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt190808
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Restricted Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Tenant Deposits held in Trust
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0-2633499
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03211902
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0578403
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt090808
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant Security Deposits
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01464075
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0626515
IRS990ScheduleD/TotalLiabilityAmt090808
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Client 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The board hired a management company to manage the day to day operations of the facilities and to provide accounting and financial oversight.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Executive Committee reviews the Form 990 before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents and financial statements are available upon request.

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