Civic Intelligence

Emerald Coast Housing II Inc.

990 • Fiscal year 2014 • EIN 59-3316619

Oct 01, 2013 to Sep 30, 2014 • Filed on Feb 02, 2015

205 Brooks Street Ste 201 No 20132548

(850) 244-2116

Siviq Scores

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

Liabilities / Assets

98th percentile

1.45x

Higher debt load relative to assets than 98% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

95th percentile

7.29x

Higher debt load relative to revenue than 95% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

11th percentile

-17%

Higher net margin than 11% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

12th percentile

$9,825

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

23rd percentile

-2.4%

Faster asset growth than 23% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M 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

$18,117,827

Down $451,783 (-2.4%) from 2013

Net Assets

Down

-$8,172,531

Down $603,317 (-8.0%) from 2013

Liabilities

Up

$26,290,358

Up $151,534 (+0.6%) from 2013

Revenue

$3,607,130

No earlier filing loaded for comparison.

Expenses

Up

$4,210,447

Up $49,520 (+1.2%) from 2013

Net Income

-$603,317

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.

$30M$20M$10M$0-$10M-$20MAssets 2010: $20,786,070Liabilities 2010: $24,793,387Net Assets 2010: -$4,007,3172010Assets 2011: $20,113,398Liabilities 2011: $25,403,021Net Assets 2011: -$5,289,6232011Assets 2012: $19,096,069Liabilities 2012: $25,609,038Net Assets 2012: -$6,512,9692012Assets 2013: $18,569,610Liabilities 2013: $26,138,824Net Assets 2013: -$7,569,2142013Assets 2014: $18,117,827Liabilities 2014: $26,290,358Net Assets 2014: -$8,172,5312014Assets 2015: $17,472,906Liabilities 2015: $26,401,234Net Assets 2015: -$8,928,3282015Assets 2016: $17,251,585Liabilities 2016: $27,737,199Net Assets 2016: -$10,485,6142016Assets 2017: $16,537,269Liabilities 2017: $28,030,992Net Assets 2017: -$11,493,7232017Assets 2018: $9,276,854Liabilities 2018: $12,319,272Net Assets 2018: -$3,042,4182018Assets 2019: $9,092,329Liabilities 2019: $12,147,747Net Assets 2019: -$3,055,4182019Assets 2020: $9,442,513Liabilities 2020: $11,862,958Net Assets 2020: -$2,420,4452020Assets 2021: $9,400,072Liabilities 2021: $11,735,000Net Assets 2021: -$2,334,9282021Assets 2022: $10,205,346Liabilities 2022: $11,570,698Net Assets 2022: -$1,365,3522022

Highlighted filing

2014

Assets$18,117,827
Liabilities$26,290,358
Net Assets-$8,172,531

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $4,223,5612010Expenses 2011: $4,315,2172011Expenses 2012: $4,150,7552012Expenses 2013: $4,160,9272013Revenue 2014: $3,607,130Expenses 2014: $4,210,447Net Income 2014: -$603,3172014Revenue 2015: $3,605,463Expenses 2015: $4,361,260Net Income 2015: -$755,7972015Revenue 2016: $3,555,599Expenses 2016: $5,112,878Net Income 2016: -$1,557,2792016Revenue 2017: $3,449,410Expenses 2017: $4,457,519Net Income 2017: -$1,008,1092017Revenue 2018: $12,209,189Expenses 2018: $3,757,884Net Income 2018: $8,451,3052018Revenue 2019: $2,238,814Expenses 2019: $2,251,814Net Income 2019: -$13,0002019Revenue 2020: $3,012,001Expenses 2020: $2,377,028Net Income 2020: $634,9732020Revenue 2021: $2,502,765Expenses 2021: $2,417,248Net Income 2021: $85,5172021Revenue 2022: $3,402,859Expenses 2022: $2,433,283Net Income 2022: $969,5762022

Highlighted filing

2014

Revenue$3,607,130
Expenses$4,210,447
Net Income-$603,317
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Feb 2, 2015
Return Version
2013v4.0
Gross Receipts
$3,607,130
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 the 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$15,480,198$14,884,784▼ $595,414
Savings and Temporary Cash Investments$1,458,255$1,685,892▲ $227,637
Intangible Assets$1,141,871$1,085,184▼ $56,687
Loans From Officers Directors$539,844$539,844→ $0
Cash and Non-Interest-Bearing Accounts$188,201$158,054▼ $30,147
Prepaid Expenses and Deferred Charges$62,206$51,081▼ $11,125
Accounts Receivable$18,334$20,529▲ $2,195
Total Assets$18,569,610$18,117,827▼ $451,783
Other Assets Total$220,545$232,303▲ $11,758
Liabilities
Tax Exempt Bond Liabilities$18,906,250$18,731,250▼ $175,000
Accounts Payable and Accrued Expenses$6,449,001$6,772,745▲ $323,744
Escrow Account Liability$220,545$232,303▲ $11,758
Deferred Revenue$23,184$14,216▼ $8,968
Total Liabilities$26,138,824$26,290,358▲ $151,534
Net Assets / Fund Balance
Unrestricted Net Assets$-7,569,214$-8,172,531▼ $603,317
Total Net Assets Fund Balance$-7,569,214$-8,172,531▼ $603,317
Total Liabilities and Net Assets / Fund Balance$18,569,610$18,117,827▼ $451,783

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,238,735$5,732,607$17,971,342
Land$2,646,049-$2,646,049
Other Land Buildings$0$495,492$495,492
Compensation and Service Providers

Employees

NameTitleBaseTotal
Laura WrightExecutive Director$9,825$9,825

Board Members and Trustees

NameTitle
Benjamin PearcePresident
Jeff VanhusanVice President
Veneta FinleyDirector
Rebecca FreemanSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Progressive Management Of America INCManagement, Administration, And Maintena-$540,769
Revenue and Support

Revenue Composition

Contributions and Grants
$59,957
Program Service Revenue
$3,538,895
Investment Income
$8,278
Other Revenue
$0
All Other Contributions
$59,957
Change in Net Assets
$-603,317

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$59,957Fair Market Value
Total Noncash Contributions1$59,957-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,607,130
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,607,130
Total Revenue per Form 990
$3,607,130
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,210,447
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$1,361,043--$1,361,043
Occupancy$734,399--$734,399
Depreciation Depletion$652,101--$652,101
Fees for Services Other$420,662$40,809-$461,471
Insurance$336,060--$336,060
Fees for Services Management$187,176--$187,176
Fees for Services Accounting-$46,629-$46,629
Office Expenses-$18,167-$18,167
Other Expenses$5,640$2,851-$5,640
Advertising$2,118--$2,118
Total Functional Expenses$4,080,447$130,000$0$4,210,447

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,210,447
Total Expenses per Audited Statements$4,210,447
Total Expenses per Form 990$4,210,447
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Laura B WrightLaura B. Wright, Executive DirectorIndividual Receives as an Independent Contractor Compensation From All Related Organizations (reported on Schedule R, Part Ii) for Bond Oversight Reports.No$9,825

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$539,844$539,844→ $0
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
A59-60125102007-12-26$12,036,250Acquisition of residential housing facilities for low income families

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$12,036,250$352,380-$826,425

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
No
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
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The royale project entered into a 5-year contract dated may 19, 2010, with progressive management of america, inc to provide all management services for apartments owned by blackwater housing corporation. The captains quarters project entered into a 5-year contract dated may 19, 2010, with progressive management of america, inc to provide all management services for apartments owned by emerald coast housing ii, inc.

Form 990, Part VI, Section A, Line 7B

Decisions of the governing body are subject to approval of executive committee or board of directors.

Form 990, Part VI, Section B, Line 11

Form 990 is provided to the board for their review and approval before it is filed with the internal revenue service.

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

All policies including the conflict of interest policy are circulated annually to the entire board of directors for their review.

Form 990, Part VI, Section B, Line 15

The organization adopted compensation policy on may 27, 2009. The process to determine compensation for the executive director, key employees and officers includes 3 elements: 1) review and approval by the board of directors of the organization; 2) use of data as to comparable compensation; 3) contemporaneous documentation and recordkeeping.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents available to the public through its website and upon request.

Filing and Contact Details

Filer

EIN
59-3316619
Phone
8502442116

Signing Officer

Name
Laura Wright
Title
Executive Director
Phone
8506646000
Signed
2015-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Wright
Formed
1996
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Preparer
Kelley Chamblin CPA
Phone
8502445121
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other fees: program service expenses 420,662. Management and general expenses 40,809. Fundraising expenses 0. Total expenses 461,471.

FORM 990, PART XII, LINE 2C:

Form 990, part xi, line 2c: the organziation has a committee that assumes responsiblilty for oversight of the audit and selection of an independent accountant.

Financial Statement Notes

PART IV, LINE 2B:

Escrow account for security deposits of tenants.

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IRS990/ProgSrvcAccomActy2Grp/Desc0ROYALE PROJECT- PROVIDE SAFE AND AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES IN FLORIDA. THIS PROJECT CONSISTS OF 3 PROPERTIES WITH 215 APARTMENT UNITS IN OKALOOSA COUNTY, FLORIDA
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01947180
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01277979
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt050395
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt08892
IRS990/PYOtherExpensesAmt04160927
IRS990/PYOtherRevenueAmt02809
IRS990/PYProgramServiceRevenueAmt03042586
IRS990/PYRevenuesLessExpensesAmt0-1056245
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt04160927
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03104682
IRS990/ReconcilationRevenueExpnssAmt0-603317
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02260916
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01458255
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01685892
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt059957
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt050395
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt022294
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt070577
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt043156
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0246379
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt08278
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt08892
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt06749
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt06079
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt06574
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt036572
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt03538895
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt03042586
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02887097
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02947811
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt03125102
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt015541491
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt08278
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt08892
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt06749
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt06079
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt06574
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt036572
IRS990ScheduleA/InvestmentIncomeCYPct00.00230
IRS990ScheduleA/InvestmentIncomePYPct00.00230
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02809
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt011269
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt08444
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt05729
IRS990ScheduleA/OtherIncome509Grp/TotalAmt028251
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99590
IRS990ScheduleA/PublicSupportPY509Pct00.98580
IRS990ScheduleA/PublicSupportTotal509Amt015787870
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt03598852
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03092981
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02909391
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03018388
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt03168258
IRS990ScheduleA/Total509Grp/TotalAmt015787870
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt03607130
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03104682
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02927409
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03032911
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt03180561
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt015852693
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AdditionsDuringYearAmt0176441
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BeginningBalanceAmt0220545
IRS990ScheduleD/BuildingsGrp/BookValueAmt012238735
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05732607
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt017971342
IRS990ScheduleD/DistributionsDuringYearAmt0164683
IRS990ScheduleD/EndingBalanceAmt0232303
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04210447
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt02646049
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02646049
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0495492
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0495492
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03607130
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ESCROW ACCOUNT FOR SECURITY DEPOSITS OF TENANTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014884784
IRS990ScheduleD/TotalExpensesPerForm990Amt04210447
IRS990ScheduleD/TotalRevenuePerForm990Amt03607130
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03607130
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04210447
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02007-12-26
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0596012510
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum000081916P
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt012036250
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine10TOWN OF SHALIMAR FLORIDA
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0ACQUISITION OF RESIDENTIAL HOUSING FACILITIES FOR LOW INCOME FAMILIES
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt011076864
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0933235
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0826425
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt0352380
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02007
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt012036250
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0LAURA B WRIGHT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0LAURA B. WRIGHT, EXECUTIVE DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt09825
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0INDIVIDUAL RECEIVES AS AN INDEPENDENT CONTRACTOR COMPENSATION FROM ALL RELATED ORGANIZATIONS (REPORTED ON SCHEDULE R, PART II) FOR BOND OVERSIGHT REPORTS.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0539844
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine10PROGRESSIVE MANAGEMENT OF AMERICA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0539844
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt0539844
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0SUPPLIES & RE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt059957
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ROYALE PROJECT ENTERED INTO A 5-YEAR CONTRACT DATED MAY 19, 2010, WITH PROGRESSIVE MANAGEMENT OF AMERICA, INC TO PROVIDE ALL MANAGEMENT SERVICES FOR APARTMENTS OWNED BY BLACKWATER HOUSING CORPORATION. THE CAPTAINS QUARTERS PROJECT ENTERED INTO A 5-YEAR CONTRACT DATED MAY 19, 2010, WITH PROGRESSIVE MANAGEMENT OF AMERICA, INC TO PROVIDE ALL MANAGEMENT SERVICES FOR APARTMENTS OWNED BY EMERALD COAST HOUSING II, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL OF EXECUTIVE COMMITTEE OR BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PROVIDED TO THE BOARD FOR THEIR REVIEW AND APPROVAL BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL POLICIES INCLUDING THE CONFLICT OF INTEREST POLICY ARE CIRCULATED ANNUALLY TO THE ENTIRE BOARD OF DIRECTORS FOR THEIR REVIEW.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$11.6$1.37$3.40$2.43$0.97
2021Detailed filing. Detailed filing data is available for this year.$9.40$11.7$2.33$2.50$2.42$0.09
2020Detailed filing. Detailed filing data is available for this year.$9.44$11.9$2.42$3.01$2.38$0.63
2019Detailed filing. Detailed filing data is available for this year.$9.09$12.1$3.06$2.24$2.25$0.01
2018Detailed filing. Detailed filing data is available for this year.$9.28$12.3$3.04$12.2$3.76$8.45
2017Detailed filing. Detailed filing data is available for this year.$16.5$28.0$11.5$3.45$4.46$1.01
2016Detailed filing. Detailed filing data is available for this year.$17.3$27.7$10.5$3.56$5.11$1.56
2015Detailed filing. Detailed filing data is available for this year.$17.5$26.4$8.93$3.61$4.36$0.76
2014Detailed filing. Detailed filing data is available for this year.$18.1$26.3$8.17$3.61$4.21$0.60
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.6$26.1$7.57$4.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.1$25.6$6.51$4.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.1$25.4$5.29$4.32
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.8$24.8$4.01$4.22