Civic Intelligence

Prince of Peace Housing Inc

990 • Fiscal year 2014 • EIN 59-3263124

Jul 01, 2013 to Jun 30, 2014 • Filed on Sep 23, 2014

664 South Nova Road32174

(386) 673-5080

Siviq Scores

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

Liabilities / Assets

31st percentile

0.02x

Higher debt load relative to assets than 31% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

53rd percentile

0.13x

Higher debt load relative to revenue than 53% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

27th percentile

-5.1%

Higher net margin than 27% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

37th percentile

-1.1%

Faster asset growth than 37% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Down

$2,488,190

Down $27,350 (-1.1%) from 2013

Net Assets

Down

$2,429,781

Down $23,187 (-0.9%) from 2013

Liabilities

Down

$58,409

Down $4,163 (-6.7%) from 2013

Revenue

$459,067

No earlier filing loaded for comparison.

Expenses

Down

$482,254

Down $21,059 (-4.2%) from 2013

Net Income

-$23,187

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2012: $2,556,270Liabilities 2012: $58,305Net Assets 2012: $2,497,9652012Assets 2013: $2,515,540Liabilities 2013: $62,572Net Assets 2013: $2,452,9682013Assets 2014: $2,488,190Liabilities 2014: $58,409Net Assets 2014: $2,429,7812014Assets 2015: $2,513,351Liabilities 2015: $98,400Net Assets 2015: $2,414,9512015Assets 2016: $2,463,025Liabilities 2016: $58,617Net Assets 2016: $2,404,4082016Assets 2017: $2,434,342Liabilities 2017: $60,735Net Assets 2017: $2,373,6072017Assets 2018: $2,364,076Liabilities 2018: $59,386Net Assets 2018: $2,304,6902018Assets 2019: $2,310,028Liabilities 2019: $77,012Net Assets 2019: $2,233,0162019Assets 2020: $2,239,450Liabilities 2020: $73,298Net Assets 2020: $2,166,1522020Assets 2021: $2,176,482Liabilities 2021: $72,556Net Assets 2021: $2,103,9262021Assets 2022: $2,102,270Liabilities 2022: $64,029Net Assets 2022: $2,038,2412022Assets 2023: $2,042,038Liabilities 2023: $106,042Net Assets 2023: $1,935,9962023Assets 2024: $1,992,493Liabilities 2024: $107,567Net Assets 2024: $1,884,9262024

Highlighted filing

2014

Assets$2,488,190
Liabilities$58,409
Net Assets$2,429,781

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2012: $506,5852012Expenses 2013: $503,3132013Revenue 2014: $459,067Expenses 2014: $482,254Net Income 2014: -$23,1872014Revenue 2015: $473,905Expenses 2015: $488,735Net Income 2015: -$14,8302015Revenue 2016: $473,396Expenses 2016: $483,939Net Income 2016: -$10,5432016Revenue 2017: $472,043Expenses 2017: $502,844Net Income 2017: -$30,8012017Revenue 2018: $469,551Expenses 2018: $538,468Net Income 2018: -$68,9172018Revenue 2019: $474,776Expenses 2019: $546,450Net Income 2019: -$71,6742019Revenue 2020: $484,602Expenses 2020: $551,466Net Income 2020: -$66,8642020Revenue 2021: $496,823Expenses 2021: $559,049Net Income 2021: -$62,2262021Revenue 2022: $544,146Expenses 2022: $609,831Net Income 2022: -$65,6852022Revenue 2023: $561,162Expenses 2023: $663,407Net Income 2023: -$102,2452023Revenue 2024: $641,069Expenses 2024: $692,139Net Income 2024: -$51,0702024

Highlighted filing

2014

Revenue$459,067
Expenses$482,254
Net Income-$23,187
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Sep 23, 2014
Return Version
2013v3.1
Gross Receipts
$459,067
Mission and Program Overview

Mission

Prince of Peace Housing, Inc. is the owner

Prince of Peace Housing, Inc. is the owner of a HUD subsidized apartment complex whose mission is to provide affordable housing and related services to very low income elderly through participation in the Section 202 PRAC program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,201,124$2,115,189▼ $85,935
Savings and Temporary Cash Investments$289,191$340,081▲ $50,890
Cash and Non-Interest-Bearing Accounts$18,131$24,636▲ $6,505
Prepaid Expenses and Deferred Charges$3,267$4,457▲ $1,190
Total Assets$2,515,540$2,488,190▼ $27,350
Other Assets Total$3,827$3,827→ $0
Liabilities
Accounts Payable and Accrued Expenses$41,018$36,686▼ $4,332
Other Liabilities$21,343$21,650▲ $307
Deferred Revenue$211$73▼ $138
Total Liabilities$62,572$58,409▼ $4,163
Net Assets / Fund Balance
Unrestricted Net Assets$2,452,968$2,429,781▼ $23,187
Total Net Assets Fund Balance$2,452,968$2,429,781▼ $23,187
Total Liabilities and Net Assets / Fund Balance$2,515,540$2,488,190▼ $27,350

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,865,882$1,548,747$3,414,629
Land$247,144-$247,144
Equipment$2,163$40,012$42,175
Compensation and Service Providers

Board Members and Trustees

NameTitle
Harold L BennettPresident
John D PeckVice President
Lucille DilellaDirector
Peter DilellaDirector
Yancy MaddenDirector
Constance KomatzSecretary
Carol E BennettTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$262,358
Program Service Revenue
$191,597
Investment Income
$146
Other Revenue
$4,966
Change in Net Assets
$-23,187

Audited Revenue Reconciliation

Revenue per Audited Statements
$459,067
Total Revenue per Audited Statements
$459,067
Total Revenue per Form 990
$459,067
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$320,781
Salaries, Compensation, and Employee Benefits$161,473
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$138,759$0$0$138,759
Depreciation Depletion$90,072$0$0$90,072
Other Expenses$58,542$0$0$58,542
Fees for Services Management$0$52,066$0$52,066
Insurance$41,906$0$0$41,906
Office Expenses$18,624$0$0$18,624
Other Employee Benefits$11,851$0$0$11,851
Payroll Taxes$9,763$0$0$9,763
Fees for Services Accounting$0$7,100$0$7,100
Conferences and Meetings$2,234$0$0$2,234
Travel$1,325$0$0$1,325
Pension Plan Contributions$1,100$0$0$1,100
Advertising$279$0$0$279
Total Functional Expenses$423,088$59,166$0$482,254

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$482,254
Total Expenses per Audited Statements$482,254
Total Expenses per Form 990$482,254
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 with accrued interest$21,650
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes
Filing and Contact Details

Filer

EIN
59-3263124
Phone
3866735080

Signing Officer

Name
Harold L Bennett
Title
President
Phone
3866735080
Signed
2014-09-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Harold L Bennett
Formed
1995
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
9
Volunteers
0

Preparer

Preparer
Roxanne L Pauley
Phone
9413222329
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The 990 is reviewed by the board president before it is filed.

Pt VI, Line 12C

The board of directors annually polls each voting member

Pt VI, Line 12C

for compliance with its conflict of interest policy.

Pt VI, Line 15A

The board approves the annual budget which contains

Pt VI, Line 15A

detailed salaries. No officer or director received

Pt VI, Line 15A

any compensation.

Pt VI, Line 15B

The board approves the annual budget which contains

Pt VI, Line 15B

detailed salaries.

Pt VI, Line 2

The board president and treasurer are a

Pt VI, Line 2

married couple as well as two of the directors.

Pt VI, Line 3

The HUD subsidized apartment complex is managed by

Pt VI, Line 3

Carteret Management Corporation, 5300 W. Cypress St.,

Pt VI, Line 3

Suite #200, Tampa, FL 33607.

Pt VI, Line 19

The organization has its governing documents, conflict

Pt VI, Line 19

of interest policy, and financial statements available

Pt VI, Line 19

for public inspection at its managment agent.

Form 990EZ, Part II, Line 26

Accounts payable & accrued expenses

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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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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0273469
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0263201
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0224243
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0217165
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01240436
IRS990ScheduleA/TotalSupportAmt01241575
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01865882
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01548747
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03414629
IRS990ScheduleD/EquipmentGrp/BookValueAmt02163
IRS990ScheduleD/EquipmentGrp/DepreciationAmt040012
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt042175
IRS990ScheduleD/ExpensesSubtotalAmt0482254
IRS990ScheduleD/LandGrp/BookValueAmt0247144
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0247144
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021650
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant security deposits with accrued interest
IRS990ScheduleD/RevenueSubtotalAmt0459067
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02115189
IRS990ScheduleD/TotalExpensesPerForm990Amt0482254
IRS990ScheduleD/TotalLiabilityAmt021650
IRS990ScheduleD/TotalRevenuePerForm990Amt0459067
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0459067
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0482254
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is reviewed by the board president before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The board of directors annually polls each voting member
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2for compliance with its conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The board approves the annual budget which contains
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4detailed salaries. No officer or director received
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5any compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The board approves the annual budget which contains
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7detailed salaries.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8The board president and treasurer are a
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9married couple as well as two of the directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10The HUD subsidized apartment complex is managed by
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Carteret Management Corporation, 5300 W. Cypress St.,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Suite #200, Tampa, FL 33607.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13The organization has its governing documents, conflict
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14of interest policy, and financial statements available
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15for public inspection at its managment agent.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16ACCOUNTS PAYABLE & ACCRUED EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Pt VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Pt VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Pt VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990EZ, Part II, Line 26
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine10na
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10Catholic Diocese of Orlando FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0591215378
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0RELIGIOUS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10P O Box 1800
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0Orlando
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode032802
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0accrual
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine10Catholic Diocese of Orlando FL (insurance)
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0p
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02515540
IRS990/TotalAssetsEOYAmt02488190
IRS990/TotalAssetsGrp/BOYAmt02515540
IRS990/TotalAssetsGrp/EOYAmt02488190
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0262358
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt059166
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0423088
IRS990/TotalFunctionalExpensesGrp/TotalAmt0482254
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt062572
IRS990/TotalLiabilitiesEOYAmt058409
IRS990/TotalLiabilitiesGrp/BOYAmt062572
IRS990/TotalLiabilitiesGrp/EOYAmt058409
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02452968
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02429781
IRS990/TotalProgramServiceExpensesAmt0423088
IRS990/TotalProgramServiceRevenueAmt0191597
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0196709
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0459067
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02515540
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02488190

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