Civic Intelligence

Federation Gulfstream Housing Inc

990 • Fiscal year 2014 • EIN 59-2541344

Sep 01, 2013 to Aug 31, 2014 • Filed on Dec 12, 2014

Organization ProfileN/A
21000 Coleman Blvd33428

(561) 852-6029

Siviq Scores

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

Liabilities / Assets

94th percentile

1.12x

Higher debt load relative to assets than 94% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

94th percentile

5.75x

Higher debt load relative to revenue than 94% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

13th percentile

-17%

Higher net margin than 13% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

94th percentile

$515,496

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 45.9% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

17th percentile

-5.0%

Faster asset growth than 17% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

40th percentile

1.1%

Faster revenue growth than 40% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$5,775,032

Down $302,949 (-5.0%) from 2013

Net Assets

Down

-$678,781

Down $190,330 (-39%) from 2013

Liabilities

Down

$6,453,813

Down $112,619 (-1.7%) from 2013

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin13th percentile

Revenue

Up

$1,122,925

Up $11,956 (+1.1%) from 2013

Expenses

Up

$1,313,255

Up $104,631 (+8.7%) from 2013

Net Income

Down

-$190,330

Down $92,675 (-95%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $3,224,704Liabilities 2011: $3,747,728Net Assets 2011: -$523,0242011Assets 2012: $6,301,412Liabilities 2012: $6,692,208Net Assets 2012: -$390,7962012Assets 2013: $6,077,981Liabilities 2013: $6,566,432Net Assets 2013: -$488,4512013Assets 2014: $5,775,032Liabilities 2014: $6,453,813Net Assets 2014: -$678,7812014Assets 2015: $5,559,611Liabilities 2015: $6,311,364Net Assets 2015: -$751,7532015Assets 2016: $5,334,872Liabilities 2016: $6,156,290Net Assets 2016: -$821,4182016Assets 2017: $5,226,058Liabilities 2017: $6,021,616Net Assets 2017: -$795,5582017Assets 2018: $4,968,075Liabilities 2018: $5,866,906Net Assets 2018: -$898,8312018Assets 2019: $4,730,354Liabilities 2019: $5,704,406Net Assets 2019: -$974,0522019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2014

Assets$5,775,032
Liabilities$6,453,813
Net Assets-$678,781
Open 2014 Filing

Operations Trend

Revenue Growth40th percentile

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

$30M$20M$10M$0-$10MRevenue 2011: $1,082,442Expenses 2011: $1,064,549Net Income 2011: $17,8932011Revenue 2012: $1,098,165Expenses 2012: $965,937Net Income 2012: $132,2282012Revenue 2013: $1,110,969Expenses 2013: $1,208,624Net Income 2013: -$97,6552013Revenue 2014: $1,122,925Expenses 2014: $1,313,255Net Income 2014: -$190,3302014Revenue 2015: $1,147,121Expenses 2015: $1,220,093Net Income 2015: -$72,9722015Revenue 2016: $1,150,920Expenses 2016: $1,220,585Net Income 2016: -$69,6652016Revenue 2017: $1,170,408Expenses 2017: $1,144,548Net Income 2017: $25,8602017Revenue 2018: $1,186,908Expenses 2018: $1,290,181Net Income 2018: -$103,2732018Revenue 2019: $1,203,209Expenses 2019: $1,278,430Net Income 2019: -$75,2212019Revenue 2020: $28,667,255Expenses 2020: $27,693,203Net Income 2020: $974,0522020

Highlighted filing

2014

Revenue$1,122,925
Expenses$1,313,255
Net Income-$190,330
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2013 to Aug 31, 2014
Signed
Dec 12, 2014
Return Version
2013v3.0
Gross Receipts
$1,122,925
Mission and Program Overview

Mission

To provide rental housing for the elderly, including facilities and services designed to meet the physical, social, and psychological needs of the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,393,945$5,082,870▼ $311,075
Prepaid Expenses and Deferred Charges$72,734$64,440▼ $8,294
Cash and Non-Interest-Bearing Accounts$38,651$15,196▼ $23,455
Total Assets$6,077,981$5,775,032▼ $302,949
Other Assets Total$572,651$612,526▲ $39,875
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,496,040$6,366,781▼ $129,259
Other Liabilities$53,898$46,193▼ $7,705
Accounts Payable and Accrued Expenses$16,494$40,839▲ $24,345
Total Liabilities$6,566,432$6,453,813▼ $112,619
Net Assets / Fund Balance
Unrestricted Net Assets$-488,451$-678,781▼ $190,330
Total Net Assets Fund Balance$-488,451$-678,781▼ $190,330
Total Liabilities and Net Assets / Fund Balance$6,077,981$5,775,032▼ $302,949

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,805,606$2,775,998$4,581,604
Other Land Buildings$2,802,677$937,078$3,739,755
Land$463,000-$463,000
Equipment$11,587$75,352$86,939
Other Assets Org$68,229--
Compensation and Service Providers
Top Officer Pay94th percentile

Board Members and Trustees

NameTitle
Wesley FinchPresident
Barry PodolskyVice President
David GalpernDirector
Matthew C LevinDirector
Michael WeinbergPast Secretary/director
Stewart KasenSecretary/director
Mel LowellTreasurer/director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,122,125
Investment Income
$800
Other Revenue
$0
Change in Net Assets
$-190,330

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,122,925
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,122,925
Total Revenue per Form 990
$1,122,925
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,112,829
Salaries, Compensation, and Employee Benefits$200,426
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$364,573--$364,573
Interest$265,413--$265,413
Other Salaries and Wages$164,296--$164,296
Insurance$95,222--$95,222
Occupancy$69,660--$69,660
Fees for Services Management-$49,632-$49,632
Other Expenses$27,271--$27,271
Office Expenses$26,262--$26,262
Other Employee Benefits$22,075--$22,075
Payroll Taxes$14,055--$14,055
Fees for Services Accounting-$8,500-$8,500
All Other Expenses$431--$431
Total Functional Expenses$1,255,123$58,132$0$1,313,255

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,313,255
Total Expenses per Audited Statements$1,313,255
Total Expenses per Form 990$1,313,255
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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$23,804
Accrued Interest Payable$22,389
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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 A, Line 3

“Management services are provided by sharkey & associates, inc.”

Form 990, Part VI, Section B, Line 11

“The form 990 is reviewed by mel lowell, the treasurer and a director, and john sharkey before it is filed.”

Form 990, Part VI, Section B, Line 12C

“The management agent notifies the board of any board member that has an ownership interest in a company bidding for work on the project. The board would review the matter and ensure such work is obtained at or below fair market value.”

Form 990, Part VI, Section B, Line 15

“The contract with the management company is reviewed and renewed by the board and approved by hud.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Form 990, Part VII

“Wesley finch - 3625 carlton pl, boca raton, fl 33496. Michael weinberg - 6570 nw 38th ct, boca raton, fl 33496. Mel lowell - 6609 nw 128th way, parkland, fl 33076. Barry podolsky - 3951 nw 58th pl, boca raton, fl 33496. David galpern - 5364 ascot bend, boca raton, fl 33496. Matthew c. Levin - 661 nw 73rd terrace, plantation, fl 33317. Stewart kasen - 7101 dubonnet drive, boca raton, fl 33433.”

Filing and Contact Details

Filer

EIN
59-2541344
Phone
5618526029

Signing Officer

Name
Mel Lowell
Title
Treasurer
Phone
5618526029
Signed
2014-12-12

Organization Details

Principal Officer
Mel Lowell
Formed
1985
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
6
Employees
4
Volunteers
2

Preparer

Preparer
Samuel T Boerma
Phone
8506500125
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from the previous year.”

Financial Statement Notes

PART X, LINE 2:

“The corporation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. The corporation has adopted accounting for uncertainty in income taxes (fasb accounting standards codification (asc) 740, income taxes). It requires that a tax position be recognized or derecognized based on a 'more-likely-than-not' threshold. This applies to positions taken or expected to be taken in a tax return. The implementation had no impact on the corporation's statement of financial position or statement of activities. The corporation does not believe its financial statements include any uncertain tax positions and that no income taxes are due for its activities. Therefore, no provision for income taxes is included in the financial statements.”

Raw XML AppendixShowing 400 of 517 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt016494
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt040839
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE RENTAL HOUSING FOR THE ELDERLY, INCLUDING FACILITIES AND SERVICES DESIGNED TO MEET THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF THE ELDERLY.
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0431
IRS990/AllOtherExpensesGrp/TotalAmt0431
IRS990/AnnualDisclosureCoveredPrsnInd00
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine10DONNA RUBINSTEIN
IRS990/BooksInCareOfDetail/PhoneNum05618523100
IRS990/BooksInCareOfDetail/USAddress/AddressLine1021100 95TH AVENUE S
IRS990/BooksInCareOfDetail/USAddress/City0BOCA RATON
IRS990/BooksInCareOfDetail/USAddress/State0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCode033428
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt038651
IRS990/CashNonInterestBearingGrp/EOYAmt015196
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0800
IRS990/CYOtherExpensesAmt01112829
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01122125
IRS990/CYRevenuesLessExpensesAmt0-190330
IRS990/CYSalariesCompEmpBnftPaidAmt0200426
IRS990/CYTotalExpensesAmt01313255
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01122925
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0364573
IRS990/DepreciationDepletionGrp/TotalAmt0364573
IRS990/Desc0OPERATED HUD LOW INCOME HOUSING FACILITY (100 UNITS) FOR ELDERLY AND HANDICAPPED RESIDENTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt04
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01255123
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt08500
IRS990/FeesForServicesAccountingGrp/TotalAmt08500
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt049632
IRS990/FeesForServicesManagementGrp/TotalAmt049632
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0WESLEY FINCH
IRS990/Form990PartVIISectionAGrp/PersonNm1MICHAEL WEINBERG
IRS990/Form990PartVIISectionAGrp/PersonNm2MEL LOWELL
IRS990/Form990PartVIISectionAGrp/PersonNm3BARRY PODOLSKY
IRS990/Form990PartVIISectionAGrp/PersonNm4DAVID GALPERN
IRS990/Form990PartVIISectionAGrp/PersonNm5MATTHEW C LEVIN
IRS990/Form990PartVIISectionAGrp/PersonNm6STEWART KASEN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2515496
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt5345024
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PAST SECRETARY/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY/DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01985
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01122925
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt095222
IRS990/InsuranceGrp/TotalAmt095222
IRS990/InterestGrp/ProgramServicesAmt0265413
IRS990/InterestGrp/TotalAmt0265413
IRS990/InvestmentIncomeGrp/ExclusionAmt0800
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0800
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03788428
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05393945
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05082870
IRS990/LandBldgEquipCostOrOtherBssAmt08871298
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE RENTAL HOUSING FOR THE ELDERLY, INCLUDING FACILITIES AND SERVICES DESIGNED TO MEET THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF THE ELDERLY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt06496040
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt06366781
IRS990/NetAssetsOrFundBalancesBOYAmt0-488451
IRS990/NetAssetsOrFundBalancesEOYAmt0-678781
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt069660
IRS990/OccupancyGrp/TotalAmt069660
IRS990/OfficeExpensesGrp/ProgramServicesAmt026262
IRS990/OfficeExpensesGrp/TotalAmt026262
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0572651
IRS990/OtherAssetsTotalGrp/EOYAmt0612526
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt022075
IRS990/OtherEmployeeBenefitsGrp/TotalAmt022075
IRS990/OtherExpensesGrp/Desc0MAINTENANCE & REPAIRS
IRS990/OtherExpensesGrp/Desc1SECURITY CONTRACT
IRS990/OtherExpensesGrp/Desc2SERVICE COORDINATORS
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ProgramServicesAmt099661
IRS990/OtherExpensesGrp/ProgramServicesAmt160264
IRS990/OtherExpensesGrp/ProgramServicesAmt245940
IRS990/OtherExpensesGrp/ProgramServicesAmt327271
IRS990/OtherExpensesGrp/TotalAmt099661
IRS990/OtherExpensesGrp/TotalAmt160264
IRS990/OtherExpensesGrp/TotalAmt245940
IRS990/OtherExpensesGrp/TotalAmt327271
IRS990/OtherLiabilitiesGrp/BOYAmt053898
IRS990/OtherLiabilitiesGrp/EOYAmt046193
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0164296
IRS990/OtherSalariesAndWagesGrp/TotalAmt0164296
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt014055
IRS990/PayrollTaxesGrp/TotalAmt014055
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt072734
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt064440
IRS990/PrincipalOfficerNm0MEL LOWELL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY & VENDING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01117309
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14816
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01117309
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14816
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0858992
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0880
IRS990/PYOtherExpensesAmt01023463
IRS990/PYOtherRevenueAmt04301
IRS990/PYProgramServiceRevenueAmt0246796
IRS990/PYRevenuesLessExpensesAmt0-97655
IRS990/PYSalariesCompEmpBnftPaidAmt0185161
IRS990/PYTotalExpensesAmt01208624
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01110969
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-190330
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01122125
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0800
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0880
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0751
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0255
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0416
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03102
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01122125
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01110089
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01097414
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01082187
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01065917
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05477732
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0800
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0880
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0751
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0255
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0416
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03102
IRS990ScheduleA/InvestmentIncomeCYPct00.00060
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99940
IRS990ScheduleA/PublicSupportTotal509Amt05477732
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01122125
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01110089
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01097414
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01082187
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01065917
IRS990ScheduleA/Total509Grp/TotalAmt05477732
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01122925
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01110969
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01098165
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01082442
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01066333
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05480834
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01805606
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02775998
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04581604
IRS990ScheduleD/EquipmentGrp/BookValueAmt011587
IRS990ScheduleD/EquipmentGrp/DepreciationAmt075352
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt086939
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01313255
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0463000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0463000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt024989
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1519308
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt268229
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02802677
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0937078
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03739755
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt023804
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt122389
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01122925
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CORPORATION HAS ADOPTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES). IT REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A 'MORE-LIKELY-THAN-NOT' THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE IMPLEMENTATION HAD NO IMPACT ON THE CORPORATION'S STATEMENT OF FINANCIAL POSITION OR STATEMENT OF ACTIVITIES. THE CORPORATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS AND THAT NO INCOME TAXES ARE DUE FOR ITS ACTIVITIES. THEREFORE, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05082870
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0612526
IRS990ScheduleD/TotalExpensesPerForm990Amt01313255
IRS990ScheduleD/TotalLiabilityAmt046193
IRS990ScheduleD/TotalRevenuePerForm990Amt01122925
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01122925
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01313255
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0515496
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1345024
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MEL LOWELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1MATTHEW C LEVIN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0TREASURER/DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0515496
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1345024
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT SERVICES ARE PROVIDED BY SHARKEY & ASSOCIATES, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY MEL LOWELL, THE TREASURER AND A DIRECTOR, AND JOHN SHARKEY BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MANAGEMENT AGENT NOTIFIES THE BOARD OF ANY BOARD MEMBER THAT HAS AN OWNERSHIP INTEREST IN A COMPANY BIDDING FOR WORK ON THE PROJECT. THE BOARD WOULD REVIEW THE MATTER AND ENSURE SUCH WORK IS OBTAINED AT OR BELOW FAIR MARKET VALUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONTRACT WITH THE MANAGEMENT COMPANY IS REVIEWED AND RENEWED BY THE BOARD AND APPROVED BY HUD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5WESLEY FINCH - 3625 CARLTON PL, BOCA RATON, FL 33496. MICHAEL WEINBERG - 6570 NW 38TH CT, BOCA RATON, FL 33496. MEL LOWELL - 6609 NW 128TH WAY, PARKLAND, FL 33076. BARRY PODOLSKY - 3951 NW 58TH PL, BOCA RATON, FL 33496. DAVID GALPERN - 5364 ASCOT BEND, BOCA RATON, FL 33496. MATTHEW C. LEVIN - 661 NW 73RD TERRACE, PLANTATION, FL 33317. STEWART KASEN - 7101 DUBONNET DRIVE, BOCA RATON, FL 33433.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,775,032
Liabilities
$6,453,813
Net assets
-$678,781
Revenue
$1,122,925
Expenses
$1,313,255
Net income
-$190,330
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$28.7$27.7$0.97
2019Detailed filing. Detailed filing data is available for this year.$4.73$5.70$0.97$1.20$1.28$0.08
2018Detailed filing. Detailed filing data is available for this year.$4.97$5.87$0.90$1.19$1.29$0.10
2017Detailed filing. Detailed filing data is available for this year.$5.23$6.02$0.80$1.17$1.14$0.03
2016Detailed filing. Detailed filing data is available for this year.$5.33$6.16$0.82$1.15$1.22$0.07
2015Detailed filing. Detailed filing data is available for this year.$5.56$6.31$0.75$1.15$1.22$0.07
2014Detailed filing. Detailed filing data is available for this year.$5.78$6.45$0.68$1.12$1.31$0.19
2013Summary only. Only limited summary data is available for this year.$6.08$6.57$0.49$1.11$1.21$0.10
2012Summary only. Only limited summary data is available for this year.$6.30$6.69$0.39$1.10$0.97$0.13
2011Summary only. Only limited summary data is available for this year.$3.22$3.75$0.52$1.08$1.06$0.02