Liabilities / Assets
95th percentile
Higher debt load relative to assets than 95% of similar nonprofits.
Blackwater Housing Corporation
EIN 59-3221444 • 501(c)3 • Destin, FL
Profile
The Corporation shall provide positive housing opportunities to those families of low and modest financial means and shall strive to promote self-respect and self-reliance among its residents while maintaining the integrity of the properties and the financial goals established by the Board of Directors. This mission shall be accomplished through competent, professional management, active participation by the Board of Directors, the residents and the community, all working together to care for the property and each other.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
1.51x
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
19th percentile
Higher net margin than 19% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
50th percentile
Faster asset growth than 50% of similar nonprofits.
Revenue Growth
65th percentile
Faster revenue growth than 65% of similar nonprofits.
Balance Sheet
Assets
Down$306,127
Down $5,208 (-1.7%) from 2023
Liabilities
Flat$460,916
Flat from 2023
Net Assets
Down-$154,789
Down $5,208 (-3.5%) from 2023
Revenue
Up$17,500
Up $1,835 (+12%) from 2023
Expenses
Up$22,708
Up $11,800 (+108%) from 2023
Net Income
Down-$5,208
Down $9,965 (-209%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZXML pending. An XML filing is linked for this year, but detailed extraction is still pending.
- Assets
- $306,127
- Liabilities
- $460,916
- Net assets
- -$154,789
- Revenue
- $17,500
- Expenses
- $22,708
- Net income
- -$5,208
Latest Detailed Filing
The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Jun 25, 2025
- Return Version
- 2023v6.0
- Gross Receipts
- $15,665
Mission and Program Overview
Mission
The corporation shall provide positive housing opportunities to those families of low and modest financial means and shall strive to promote self-respect and self-reliance among its residents while maintaining the integrity of the properties and the financial goals established by the board of directors. This mission shall be accomplished through competent, professional management, active participation by the board of directors, the residents and the community, all working together to care for the property and each other.
See schedule O
Program Services
| Description | Grants | Expenses |
|---|---|---|
| PROVIDE POSITIVE HOUSING OPPORTUNITIES TO THOSE FAMILIES OF LOW AND MODEST FINANCIAL MEANS | $0 | $10,908 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Cynthia Wilcox | President | - | $0 | - | - |
| Robert Cole | Director | - | $0 | - | - |
| Veneta Finley | Director | - | $0 | - | - |
| Michael Kent | Director/Agent | PT | $0 | - | - |
| Rebecca Freeman | Treasurer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Blackwater Housing Corporation
- EIN
- 59-3221444
- Phone
- 8506646000
- Address
- 970 Gulf Shore Drive, Destin, FL 32541
Signing Officer
- Name
- Michael Kent
- Title
- Manager
- Phone
- 8506646000
- Signed
- 2025-06-25
Preparer
- Firm
- Jeffery N Solomon CPA
- Address
- 4918 MAIN ST SUITE 3, SPRING HIll, TN 37174
- Preparer
- Jeffery N Solomon CPA
- Phone
- 6159447412
Supplemental Narrative
Additional Explanations
Other
“Provide positive housing opportunities to those families of low and modest financial means and shall strive to promote self-respect and self-reliance among its residents while maintaining the integrity of the properties and the financial goals established by the board of directors. This mission shall be accomplished through competent, professional management, active participation by the board of directors, the residents and the community, all working together to care for the property and each other.”
Form 990EZ, Part I, Line 8
“Utility overpayment 369.”
Form 990EZ, Part I, Line 16
“Administrative 373.”
Form 990EZ, Part I, Line 16
“Miscellaneous taxes 61.”
Form 990EZ, Part I, Line 16
“Exterminating services 350.”
Form 990EZ, Part I, Line 16
“Repairs and maintenance 1352.”
Form 990EZ, Part I, Line 16
“Insurance 6904.”
Form 990EZ, Part I, Line 16
“Water/sewer 67.”
Raw XML Appendix172 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | Michael Kent |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8506646000 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 970 Gulf Shore Drive |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Destin |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | FL |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 32541 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 306578 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 311335 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 15296 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 4757 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1801 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 306578 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 311335 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GainOrLossFromSaleOfAssetsAmt | 0 | 0 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 15665 |
| IRS990EZ/GrossReceiptsForPublicUseAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InitiationFeesAndCapContriAmt | 0 | 0 |
| IRS990EZ/InvestmentIncomeAmt | 0 | 0 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MembershipDuesAmt | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -154338 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -149581 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -154338 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -149581 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 20.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Cynthia Wilcox |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Robert Cole |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Veneta Finley |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | Michael Kent |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | Rebecca Freeman |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Director/agent |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | Treasurer |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 9107 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 369 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | See schedule O |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | PROVIDE POSITIVE HOUSING OPPORTUNITIES TO THOSE FAMILIES OF LOW AND MODEST FINANCIAL MEANS |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 10908 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 460916 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 460916 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 10908 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 10908 |
| IRS990EZ/TotalRevenueAmt | 0 | 15665 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 29725 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 29725 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 30060 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 30060 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 30060 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 149630 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/OtherSupportSumAmt | 0 | 0 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0 |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 149630 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 29725 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 29725 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 30060 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 30060 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 30060 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 149630 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 149630 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | PROVIDE POSITIVE HOUSING OPPORTUNITIES TO THOSE FAMILIES OF LOW AND MODEST FINANCIAL MEANS AND SHALL STRIVE TO PROMOTE SELF-RESPECT AND SELF-RELIANCE AMONG ITS RESIDENTS WHILE MAINTAINING THE INTEGRITY OF THE PROPERTIES AND THE FINANCIAL GOALS ESTABLISHED BY THE BOARD OF DIRECTORS. THIS MISSION SHALL BE ACCOMPLISHED THROUGH COMPETENT, PROFESSIONAL MANAGEMENT, ACTIVE PARTICIPATION BY THE BOARD OF DIRECTORS, THE RESIDENTS AND THE COMMUNITY, ALL WORKING TOGETHER TO CARE FOR THE PROPERTY AND EACH OTHER. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Utility overpayment 369. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Administrative 373. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Miscellaneous taxes 61. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Exterminating services 350. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Repairs and maintenance 1352. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Insurance 6904. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Water/sewer 67. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990EZ, Part I, Line 8 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Form 990EZ, Part I, Line 16 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Michael Kent |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Manager |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8506646000 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-06-25 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Blackwater Housing Corporation |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | BLAC |
| ReturnHeader/Filer/EIN | 0 | 593221444 |
| ReturnHeader/Filer/PhoneNum | 0 | 8506646000 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 970 Gulf Shore Drive |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Destin |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | FL |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 32541 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 204082958 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Jeffery N Solomon CPA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 4918 MAIN ST SUITE 3 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | SPRING HIll |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 37174 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6159447412 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-07-02 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Jeffery N Solomon CPA |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2025-07-02T13:09:09-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.