Civic Intelligence

Federation Gulfstream Housing Inc

990 • Fiscal year 2015 • EIN 59-2541344

Sep 01, 2014 to Aug 31, 2015 • Filed on Jan 11, 2016

Organization ProfileN/A
21000 Coleman BlvdBoca Raton, FL 33428

(561) 852-6029

Siviq Scores

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

Liabilities / Assets

94th percentile

1.14x

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

94th percentile

5.50x

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

22nd percentile

-6.4%

Higher net margin than 22% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

93rd percentile

$416,417

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 36.3% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

25th percentile

-3.7%

Faster asset growth than 25% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

46th percentile

2.2%

Faster revenue growth than 46% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$5,559,611

Down $215,421 (-3.7%) from 2014

Net Assets

Down

-$751,753

Down $72,972 (-11%) from 2014

Liabilities

Down

$6,311,364

Down $142,449 (-2.2%) from 2014

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin22nd percentile

Revenue

Up

$1,147,121

Up $24,196 (+2.2%) from 2014

Expenses

Down

$1,220,093

Down $93,162 (-7.1%) from 2014

Net Income

Up

-$72,972

Up $117,358 (+62%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth25th 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

2015

Assets$5,559,611
Liabilities$6,311,364
Net Assets-$751,753
Open 2015 Filing

Operations Trend

Revenue Growth46th 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

2015

Revenue$1,147,121
Expenses$1,220,093
Net Income-$72,972
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Jan 11, 2016
Return Version
2014v6.0
Gross Receipts
$1,147,121
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$5,082,870$4,758,273▼ $324,597
Prepaid Expenses and Deferred Charges$64,440$57,059▼ $7,381
Cash and Non-Interest-Bearing Accounts$15,196$52,619▲ $37,423
Total Assets$5,775,032$5,559,611▼ $215,421
Other Assets Total$612,526$691,660▲ $79,134
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,366,781$6,231,961▼ $134,820
Other Liabilities$46,193$46,300▲ $107
Accounts Payable and Accrued Expenses$40,839$33,103▼ $7,736
Total Liabilities$6,453,813$6,311,364▼ $142,449
Net Assets / Fund Balance
Unrestricted Net Assets$-678,781$-751,753▼ $72,972
Total Net Assets Fund Balance$-678,781$-751,753▼ $72,972
Total Liabilities and Net Assets / Fund Balance$5,775,032$5,559,611▼ $215,421

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,692,679$2,888,925$4,581,604
Other Land Buildings$2,591,588$1,174,969$3,766,557
Land$463,000-$463,000
Equipment$11,006$75,933$86,939
Other Assets Org$73,504--
Compensation and Service Providers
Top Officer Pay93rd 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
$1,135,276
Investment Income
$845
Other Revenue
$11,000
Change in Net Assets
$-72,972

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,147,121
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,147,121
Total Revenue per Form 990
$1,147,121
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,044,842
Salaries, Compensation, and Employee Benefits$175,251
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$351,399--$351,399
Interest$265,617--$265,617
Other Salaries and Wages$146,967--$146,967
Insurance$85,990--$85,990
Occupancy$73,413--$73,413
Fees for Services Management-$51,226-$51,226
Office Expenses$22,153--$22,153
Other Employee Benefits$17,630--$17,630
Other Expenses$14,476--$14,476
Payroll Taxes$10,654--$10,654
Fees for Services Accounting-$6,700-$6,700
All Other Expenses$477--$477
Total Functional Expenses$1,162,167$57,926$0$1,220,093

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,220,093
Total Expenses per Audited Statements$1,220,093
Total Expenses per Form 990$1,220,093
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$24,384
Accrued Interest Payable$21,916
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

Filer Name
Federation Gulfstream Housing Inc
EIN
59-2541344
Phone
5618526029
Address
21000 COLEMAN BLVD, BOCA RATON, FL 33428

Signing Officer

Name
Mel Lowell
Title
Treasurer
Phone
5618526029
Signed
2016-01-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mel Lowell
Formed
1985
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
6
Employees
5
Volunteers
2

Preparer

Firm
Carter & Company Cpas LLC
Address
PO BOX 279, DESTIN, FL 32540
Preparer
Melinda Gail Cornelius
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 525 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.

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IRS990/PYOtherExpensesAmt01112829
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01122125
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IRS990/PYTotalExpensesAmt01313255
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01122925
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-72972
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01146276
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0845
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0800
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0880
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0751
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0255
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03531
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01135276
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01122125
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01110089
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01097414
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01082187
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05547091
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0845
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0800
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0880
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0751
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0255
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03531
IRS990ScheduleA/InvestmentIncomeCYPct00.00060
IRS990ScheduleA/InvestmentIncomePYPct00.00060
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99940
IRS990ScheduleA/PublicSupportPY509Pct00.99940
IRS990ScheduleA/PublicSupportTotal509Amt05547091
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01135276
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01122125
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01110089
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01097414
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01082187
IRS990ScheduleA/Total509Grp/TotalAmt05547091
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01136121
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01122925
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01110969
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01098165
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01082442
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05550622
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01692679
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02888925
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04581604
IRS990ScheduleD/EquipmentGrp/BookValueAmt011006
IRS990ScheduleD/EquipmentGrp/DepreciationAmt075933
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt086939
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01220093
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0463000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0463000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt025569
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1592587
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt273504
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02591588
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01174969
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03766557
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024384
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt121916
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01147121
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/TotalBookValueLandBuildingsAmt04758273
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0691660
IRS990ScheduleD/TotalExpensesPerForm990Amt01220093
IRS990ScheduleD/TotalLiabilityAmt046300
IRS990ScheduleD/TotalRevenuePerForm990Amt01147121
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01147121
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01220093
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/CompensationBasedOnRltdOrgsAmt0383687
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1416417
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
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1416417
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,559,611
Liabilities
$6,311,364
Net assets
-$751,753
Revenue
$1,147,121
Expenses
$1,220,093
Net income
-$72,972
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