Civic Intelligence

Ability Housing Inc.

990 • Fiscal year 2017 • EIN 59-3087085

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 23, 2018

3740 Beach Boulevard Suite 304Jacksonville, FL 32207

(904) 359-9650

Siviq Scores

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

Liabilities / Assets

84th percentile

0.73x

Higher debt load relative to assets than 84% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

92nd percentile

3.53x

Higher debt load relative to revenue than 92% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

58th percentile

5.3%

Higher net margin than 58% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

48th percentile

$166,968

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

45th percentile

3.1%

Faster asset growth than 45% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

79th percentile

25%

Faster revenue growth than 79% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$20,963,493

Up $626,340 (+3.1%) from 2016

Net Assets

Up

$5,711,558

Up $227,351 (+4.1%) from 2016

Liabilities

Up

$15,251,935

Up $398,989 (+2.7%) from 2016

Revenue

Up

$4,315,955

Up $874,631 (+25%) from 2016

Expenses

Up

$4,088,604

Up $543,225 (+15%) from 2016

Net Income

Up

$227,351

Up $331,406 (+318%) from 2016

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $4,517,441Liabilities 2011: $3,946,551Net Assets 2011: $570,8902011Assets 2012: $11,614,763Liabilities 2012: $9,133,475Net Assets 2012: $2,481,2882012Assets 2013: $13,381,192Liabilities 2013: $9,337,351Net Assets 2013: $4,043,8412013Assets 2014: $14,465,894Liabilities 2014: $9,485,715Net Assets 2014: $4,980,1792014Assets 2015: $19,992,044Liabilities 2015: $14,403,782Net Assets 2015: $5,588,2622015Assets 2016: $20,337,153Liabilities 2016: $14,852,946Net Assets 2016: $5,484,2072016Assets 2017: $20,963,493Liabilities 2017: $15,251,935Net Assets 2017: $5,711,5582017Assets 2018: $20,870,005Liabilities 2018: $15,180,009Net Assets 2018: $5,689,9962018Assets 2019: $23,164,892Liabilities 2019: $16,860,249Net Assets 2019: $6,304,6432019Assets 2020: $27,947,385Liabilities 2020: $20,558,872Net Assets 2020: $7,388,5132020Assets 2021: $32,166,951Liabilities 2021: $22,271,093Net Assets 2021: $9,895,8582021Assets 2022: $35,873,008Liabilities 2022: $25,662,103Net Assets 2022: $10,210,9052022Assets 2023: $41,270,083Liabilities 2023: $29,327,814Net Assets 2023: $11,942,2692023Assets 2024: $39,464,876Liabilities 2024: $22,562,377Net Assets 2024: $16,902,4992024

Highlighted filing

2017

Assets$20,963,493
Liabilities$15,251,935
Net Assets$5,711,558

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $752,2762011Expenses 2012: $1,129,2482012Revenue 2013: $3,061,441Expenses 2013: $1,498,888Net Income 2013: $1,562,5532013Revenue 2014: $2,697,278Expenses 2014: $1,920,190Net Income 2014: $777,0882014Revenue 2015: $3,594,933Expenses 2015: $2,986,850Net Income 2015: $608,0832015Revenue 2016: $3,441,324Expenses 2016: $3,545,379Net Income 2016: -$104,0552016Revenue 2017: $4,315,955Expenses 2017: $4,088,604Net Income 2017: $227,3512017Revenue 2018: $4,342,260Expenses 2018: $4,363,822Net Income 2018: -$21,5622018Revenue 2019: $5,443,155Expenses 2019: $4,828,508Net Income 2019: $614,6472019Revenue 2020: $6,906,808Expenses 2020: $5,822,938Net Income 2020: $1,083,8702020Revenue 2021: $8,796,882Expenses 2021: $6,289,537Net Income 2021: $2,507,3452021Revenue 2022: $7,322,901Expenses 2022: $7,007,854Net Income 2022: $315,0472022Revenue 2023: $8,470,374Expenses 2023: $8,235,776Net Income 2023: $234,5982023Revenue 2024: $14,939,379Expenses 2024: $10,565,780Net Income 2024: $4,373,5992024

Highlighted filing

2017

Revenue$4,315,955
Expenses$4,088,604
Net Income$227,351
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 23, 2018
Return Version
2017v2.3
Gross Receipts
$5,305,599
Mission and Program Overview

Mission

To build strong communites where everyone has a home. Organization develops and operates quality, affordable community-inclusive housing for extremely low, very low, and low income individuals and families experiencing or at risk of homelessness and adults with disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$13,257,373$13,008,746▼ $248,627
Other Notes and Loans Receivable, Net$2,237,358$2,309,702▲ $72,344
Investments in Publicly Traded Securities$1,147,996$1,284,655▲ $136,659
Cash and Non-Interest-Bearing Accounts$1,685,513$962,685▼ $722,828
Accounts Receivable$86,768$190,169▲ $103,401
Prepaid Expenses and Deferred Charges$22,413$136,280▲ $113,867
Pledges and Grants Receivable$50,164$70,628▲ $20,464
Total Assets$20,337,153$20,963,493▲ $626,340
Other Assets Total$1,849,568$3,000,628▲ $1,151,060
Liabilities
Other Liabilities$14,729,284$14,966,666▲ $237,382
Accounts Payable and Accrued Expenses$105,246$238,288▲ $133,042
Deferred Revenue$18,416$46,981▲ $28,565
Total Liabilities$14,852,946$15,251,935▲ $398,989
Net Assets / Fund Balance
Unrestricted Net Assets$5,484,207$5,711,558▲ $227,351
Total Net Assets Fund Balance$5,484,207$5,711,558▲ $227,351
Total Liabilities and Net Assets / Fund Balance$20,337,153$20,963,493▲ $626,340

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,284,354$2,401,253$14,685,607
Land$705,062-$705,062
Equipment$19,330$60,673$80,003
Other Assets Org$998,617--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shannon NazworthPresident &FT$152,590$14,378$166,968
Shannon NazworthPresident & CEO-$152,590$14,378$166,968

Board Members and Trustees

NameTitle
Greg MatovinaChairman
Dan ScheubleVice Chairma
Bob HartDirector
Chip KellerDirector
Davis MccartyDirector
Jake PeekDirector
Jim PellotDirector
Mike GriffinDirector
Renee JohnsonDirector
Ross McwilliamsDirector
Valerie JenkinsDirector
Doug OrangeSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$2,904,371
Program Service Revenue
$1,177,145
Investment Income
$234,439
Other Revenue
$0
All Other Contributions
$845,859
Change in Net Assets
$227,351

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,315,955
Revenue Not Reported on Form 990
$1,184,098
Total Revenue per Audited Statements
$5,500,053
Total Revenue per Form 990
$4,315,955
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,979,386
Salaries, Compensation, and Employee Benefits$1,109,218
Total Fundraising Expense$85,224
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$839,709$81,572$38,387$959,668
Depreciation Depletion$424,555--$424,555
Conferences and Meetings$91,998$23,000-$114,998
Insurance$76,612$8,513-$85,125
Fees for Services Other$63,109$12,137$5,664$80,910
Other Employee Benefits$70,530$6,852$3,224$80,606
Payroll Taxes$60,326$5,860$2,758$68,944
All Other Expenses$44,903$4,538-$49,441
Fees for Services Accounting$31,633$6,083$2,839$40,555
Office Expenses$30,094$7,990$1,868$39,952
Occupancy$24,194$6,049-$30,243
Fees for Services Management$23,253$4,472$2,087$29,812
Other Expenses$131,050$3,942$27,691$27,691
Interest$14,565--$14,565
Fees for Services Legal$7,862$1,512$706$10,080
Total Functional Expenses$3,830,860$172,520$85,224$4,088,604

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,596,238
Expenses per Audited Statements$4,088,604
Total Expenses per Form 990$4,088,604
Expenses Not Reported on Form 990$1,507,634
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
Mortgages Payable$14,934,364
Security Deposits$32,302
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Board reviews prior to submission.

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

The organization annually investigates and requires appropriate parties to disclose conflict of interest issues.

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

The president's wages and benefits are reviewed and determined annually by the board of directors. A performance review and comparability data are utilized in the deliberations.

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

A review of market compensation is done and salaries are approved by the executive committe for the directors.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Ability Housing Inc
EIN
59-3087085
Phone
9043599650
Address
3740 BEACH BOULEVARD SUITE 304, JACKSONVILLE, FL 32207

Signing Officer

Name
Shannon Nazworth
Title
President & CEO
Phone
9043599650
Signed
2018-03-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shannon Nazworth
Formed
1991
Legal Domicile
Fl
Voting Board Members
12
Independent Board Members
12
Employees
17

Preparer

Firm
Ralston & Company Pa CPA
Address
8777 SAN JOSE BLVD BLDG E, JACKSONVILLE, FL 32217-4213
Preparer
Michael R Ritch
Phone
9047300440
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To build strong communites where everyone has a home. Organization develops and operates quality, affordable community-inclusive housing for extremely low, very low, and low income individuals and families experiencing or at risk of homelessness and adults with disabilities.

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Ability mayfair - consolidated entity 689,515 ability oakland - consolidated entity 564,771 consolidating eliminating adjustments -70,188

Schedule D, Page 4, Part XII, Line 2D

Ability mayfair - consolidation entity 784,373 ability oakland - consolidation entity 856,207 consolidating eliminating adjustments -132,946

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IRS990/ProgSrvcAccomActy2Grp/Desc0VILLAGES PROGRAM - THE DEVELOPMENT AND OPERATION OF QUALITY, MULTI-FAMILY RENTAL PROPERTIES SERVING PERSONS WITH A DISABILITY, FORMERLY HOMELESS, VERY AND EXTREMELY LOW INCOME INDIVIDUALS AND FAMILIES. THE VILLAGES IS DEDICATED TO FOSTERING THE DIGNITY, INCREASED INDEPENDENCE AND SELF- SUFFICIENCY OF ALL ITS RESIDENTS. INDIVIDUALIZED SUPPORT SERVICES ARE OFFERED TO ALL RESIDENTS TO ALLOW THEM TO MAINTAIN THEIR HOUSING AND ACCESS COMMUNITY-BASED SERVICES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0886305
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IRS990/ProgSrvcAccomActy3Grp/Desc0HOUSING LINK - A RENTAL ASSISTANCE PROGRAM THAT SERVES PERSONS WITH DISABILITES EXPERIENCING LONG-TERM OR REPEATED EPISODES OF HOMELESSNESS SO THEY MAY AFFORD HOUSING IN COMMUNITIES THROUGHOUT CLAY, DUVAL AND NASSAU COUNTIES. SERVICES ARE PROVIDED TO ENSURE EACH RESIDENT IS PROVIDED VOLUNTARY, INDIVIDUALIZED CASE MANAGEMENT SERVICES SO THAT THE HOUSEHOLDS MAY RETAIN THEIR HOUSING AND INCREASE THEIR SELF-SUFFICIENCY. OUTCOME: 200 CHRONICALLY HOMELESS HOUSEHOLDS PROVIDED RENTAL ASSISTANCE AND SERVICES TO LIVE INDEPENDENTLY IN THE COMMUNITY.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$39.5$22.6$16.9$14.9$10.6$4.37
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.3$29.3$11.9$8.47$8.24$0.23
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.9$25.7$10.2$7.32$7.01$0.32
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.2$22.3$9.90$8.80$6.29$2.51
2020Detailed filing. Detailed filing data is available for this year.$27.9$20.6$7.39$6.91$5.82$1.08
2019Detailed filing. Detailed filing data is available for this year.$23.2$16.9$6.30$5.44$4.83$0.61
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.9$15.2$5.69$4.34$4.36$0.02
2017Detailed filing. Detailed filing data is available for this year.$21.0$15.3$5.71$4.32$4.09$0.23
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.3$14.9$5.48$3.44$3.55$0.10
2015Summary only. Only limited summary data is available for this year.$20.0$14.4$5.59$3.59$2.99$0.61
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.5$9.49$4.98$2.70$1.92$0.78
2013Detailed filing. Detailed filing data is available for this year.$13.4$9.34$4.04$3.06$1.50$1.56
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.6$9.13$2.48$1.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.52$3.95$0.57$0.75