Civic Intelligence

Lee County Housing Development Corporation

EIN 65-0295038 • 501(c)3 • Fort Myers, FL

Profile

Organization was formed to provide low income families of lee county florida with affordable housing by constructing and providing needed resources to such individuals who would not be able to afford such housing for themselves or their families.

PO Box 2854Fort Myers, FL 33902-2854

www.leecountyhdc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

80th percentile

0.44x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

65th percentile

0.18x

Higher debt load relative to revenue than 65% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

63rd percentile

12%

Higher net margin than 63% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

75th percentile

16%

Faster asset growth than 75% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

97th percentile

298%

Faster revenue growth than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,860,616

Up $262,257 (+16%) from 2023

Liabilities

Down

$813,055

Down $262,962 (-24%) from 2023

Net Assets

Up

$1,047,561

Up $525,219 (+101%) from 2023

Revenue

Up

$4,415,076

Up $3,305,424 (+298%) from 2023

Expenses

Up

$3,889,857

Up $2,784,683 (+252%) from 2023

Net Income

Up

$525,219

Up $520,741 (+11629%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $745,231Liabilities 2010: $224,113Net Assets 2010: $521,1182010Assets 2011: $597,255Liabilities 2011: $22,278Net Assets 2011: $574,9772011Assets 2012: $669,597Liabilities 2012: $19,667Net Assets 2012: $649,9302012Assets 2013: $643,692Liabilities 2013: $15,454Net Assets 2013: $628,2382013Assets 2014: $653,445Liabilities 2014: $7,120Net Assets 2014: $646,3252014Assets 2015: $598,934Liabilities 2015: $13,966Net Assets 2015: $584,9682015Assets 2016: $527,434Liabilities 2016: $9,673Net Assets 2016: $517,7612016Assets 2017: $515,902Liabilities 2017: $15,404Net Assets 2017: $500,4982017Assets 2018: $476,904Liabilities 2018: $27,869Net Assets 2018: $449,0352018Assets 2019: $570,373Liabilities 2019: $64,002Net Assets 2019: $506,3712019Assets 2020: $552,435Liabilities 2020: $62,914Net Assets 2020: $489,5212020Assets 2021: $1,275,879Liabilities 2021: $518,521Net Assets 2021: $757,3582021Assets 2022: $1,053,549Liabilities 2022: $535,685Net Assets 2022: $517,8642022Assets 2023: $1,598,359Liabilities 2023: $1,076,017Net Assets 2023: $522,3422023Assets 2024: $1,860,616Liabilities 2024: $813,055Net Assets 2024: $1,047,5612024

Highlighted filing

2024

Assets$1,860,616
Liabilities$813,055
Net Assets$1,047,561

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,150,2852010Revenue 2011: $679,533Expenses 2011: $625,497Net Income 2011: $54,0362011Expenses 2012: $443,9282012Expenses 2013: $260,8362013Revenue 2014: $516,237Expenses 2014: $499,395Net Income 2014: $16,8422014Revenue 2015: $410,496Expenses 2015: $473,140Net Income 2015: -$62,6442015Revenue 2016: $326,717Expenses 2016: $393,924Net Income 2016: -$67,2072016Revenue 2017: $396,464Expenses 2017: $413,727Net Income 2017: -$17,2632017Revenue 2018: $443,895Expenses 2018: $495,358Net Income 2018: -$51,4632018Revenue 2019: $1,054,727Expenses 2019: $997,391Net Income 2019: $57,3362019Revenue 2020: $777,432Expenses 2020: $794,282Net Income 2020: -$16,8502020Revenue 2021: $752,992Expenses 2021: $485,155Net Income 2021: $267,8372021Revenue 2022: $286,343Expenses 2022: $525,837Net Income 2022: -$239,4942022Revenue 2023: $1,109,652Expenses 2023: $1,105,174Net Income 2023: $4,4782023Revenue 2024: $4,415,076Expenses 2024: $3,889,857Net Income 2024: $525,2192024

Highlighted filing

2024

Revenue$4,415,076
Expenses$3,889,857
Net Income$525,219

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.86$0.81$1.05$4.42$3.89$0.53
2023Summary only. Only limited summary data is available for this year.$1.60$1.08$0.52$1.11$1.11$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.54$0.52$0.29$0.53$0.24
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.28$0.52$0.76$0.75$0.49$0.27
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.55$0.06$0.49$0.78$0.79$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$0.06$0.51$1.05$1.00$0.06
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.03$0.45$0.44$0.50$0.05
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.02$0.50$0.40$0.41$0.02
2016Summary only. Only limited summary data is available for this year.$0.53$0.01$0.52$0.33$0.39$0.07
2015Summary only. Only limited summary data is available for this year.$0.60$0.01$0.58$0.41$0.47$0.06
2014Summary only. Only limited summary data is available for this year.$0.65$0.01$0.65$0.52$0.50$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.02$0.63$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.02$0.65$0.44
2011Summary only. Only limited summary data is available for this year.$0.60$0.02$0.57$0.68$0.63$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.22$0.52$1.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 12, 2025
Return Version
2023v6.0
Gross Receipts
$4,415,076
Mission and Program Overview

Mission

Organization was formed to provide low income families of lee county florida with affordable housing by constructing and providing needed resources to such individuals who would not be able to afford such housing for themselves or their families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,175,185$1,253,066▲ $77,881
Savings and Temporary Cash Investments$163,058$386,067▲ $223,009
Pledges and Grants Receivable$154,531$113,442▼ $41,089
Prepaid Expenses and Deferred Charges$23,734$26,190▲ $2,456
Total Assets$1,598,359$1,860,616▲ $262,257
Other Assets Total$81,851$81,851→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,025,000$582,223▼ $442,777
Accounts Payable and Accrued Expenses$51,017$230,832▲ $179,815
Total Liabilities$1,076,017$813,055▼ $262,962
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$522,342$1,047,561▲ $525,219
Total Net Assets Fund Balance$522,342$1,047,561▲ $525,219
Total Liabilities and Net Assets / Fund Balance$1,598,359$1,860,616▲ $262,257

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,078,885$462$1,079,347
Buildings$78,750$40,303$119,053
Leasehold Improvements$94,694$6,230$100,924
Equipment$737$49,007$49,744
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Erika CooksExecutive DiFT$100,450$24,320$124,770

Board Members and Trustees

NameTitle
Ahmad R KarehPresident
Johnny StreetsDirector
Stacy WilliamsDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
All You Need ServicesConstruction13180 N CLEVELAND AVE, N Fort Myers, FL 33903$694,728
Tobler ConstructionConstruction3071 MARTIN LUTHER KING BLVD, Fort Myers, FL 33916$533,662
Agc Fix It SolutionsConstruction3236 FORUM BLVD, Fort Myers, FL 33905$531,103
Co AdvantageEmployee Leasin9160 FORUM CORPORATE PKWY, Fort Myers, FL 33905$278,464
Revenue and Support

Revenue Composition

Contributions and Grants
$4,365,019
Program Service Revenue
$49,853
Investment Income
$204
Other Revenue
$0
All Other Contributions
$31,340
Change in Net Assets
$525,219

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,415,076
Total Revenue per Audited Statements
$4,415,076
Total Revenue per Form 990
$4,415,076
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,320,067
Grants and Similar Amounts Paid$458,103
Salaries, Compensation, and Employee Benefits$111,687
Total Fundraising Expense$51,326
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$458,103--$458,103
Fees for Services Other$198,662$36,328$26,110$261,100
Current Officers, Directors, Trustees, and Key Employees$78,181$11,169$22,337$111,687
Insurance$29,107$7,762$1,940$38,809
Office Expenses$28,435$9,480-$37,915
Occupancy$14,082$3,755$939$18,776
Information Technology$13,857$4,619-$18,476
Interest$9,232$3,078-$12,310
Depreciation Depletion$3,783$3,784-$7,567
Conferences and Meetings$5,300$1,767-$7,067
Travel$1,761$587-$2,348
Other Expenses$1,504$501-$2,005
Total Functional Expenses$3,755,701$82,830$51,326$3,889,857

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,889,857
Total Expenses per Audited Statements$3,889,857
Total Expenses per Form 990$3,889,857
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No

Governance Explanations

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

Organization received copy of the tax return to review, sign and return 8879 for efiling.

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

Evaluation of the executive director (leased employee) will be done by no less than 2 or more than 3 appointed board members and the evaluation will be presented to the full board for ratification and/or amendment. The evaluation of the executive director shall include the uses of the current form with its broad categories, evaluation of essential functions as identified and listed in the position description and an oral evaluation and review with the board of directors

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

Evaluation of the key employees (leased employees) will be done by no less than 2 or more than 3 appointed board members and the evaluation will be presented to the full board for ratification and/or amendment. The evaluation of the executive director shall include the uses of the current form with its broad categories, evaluation of essential functions as identified and listed in the position description and an oral evaluation and review with the board of directors

Form 990, Page 6, Part VI, Line 19

Documents are made available upon request.

Form 990, Part VII

Organization uses a peo to provide payroll services, as such "employees" are considered employees of the peo and not the organization. The organization is billed for wages, payroll taxes and benfits by the peo. Officer wages is broken out for transpearancy purposes only.

Filing and Contact Details

Filer

Filer Name
Lee County Housing Development
EIN
65-0295038
Phone
2392755105
Address
PO BOX 2854, FORT MYERS, FL 33902-2854

Signing Officer

Name
Ahmad R Kareh
Title
President
Phone
2392755105
Signed
2025-08-12

Organization Details

Principal Officer
Ahmad R Kareh
Formed
1991
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Stroemer & Company
Address
14030 METROPOLIS AVE STE 200, FORT MYERS, FL 33912
Preparer
Marc Whitfield CPA
Phone
2394331002
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Organization was formed to provide low income families of lee county florida with affordable housing by constructing and providing needed resources to such individuals who would not be able to afford such housing for themselves or their families.

Form 990, Page 1, Part I, Line 6

3 acting as officers - meet once a month for approximately 2 hours a month

Financial Statement Notes

Schedule D, Page 3, Part X

The internal revenue service has determined that the organization is exempt from federal income taxes under section 501(c)3 of the internal revenue code. The organization is a not-for-profit florida corporation and therefore is not subject to state income tax taxes. The internal revenue code provides for taxation of unrelated business income under certain circumstances. The organization reports no unrelated business taxable income, however, such status is subject to final determination upon examination of the related tax returns by the appropriate taxing authorities. The organization's tax filings are subject to audit by various taxing authorities. Certain income tax returns filed by the organization remain open to examination by these government agencies. The organization follows asc topic 740, "income taxes" in accounting for uncertain tax positions. The organization has evaluated its tax positions and any estimates utilized in its tax returns, and concluded that the organization has taken no uncertain tax positions that require adjustments to the financial statements to comply with the provisions of this guidance. Interest and penalties associated with uncertain tax positions will be recognized in income tax expense, if required.

Raw XML AppendixShowing 400 of 437 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/MissionDesc0ORGANIZATION WAS FORMED TO PROVIDE LOW INCOME FAMILIES OF LEE COUNTY FLORIDA WITH AFFORDABLE HOUSING BY CONSTRUCTING AND PROVIDING NEEDED RESOURCES TO SUCH INDIVIDUALS WHO WOULD NOT BE ABLE TO AFFORD SUCH HOUSING FOR THEMSELVES OR THEIR FAMILIES.
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IRS990/ProgSrvcAccomActy2Grp/Desc0REHABILITATION PROGRAM: OUR COMMITMENT TO REVITALIZING NEIGHBORHOODS AND PRESERVING AFFORDABLE HOUSING STOCK HAS BEEN EVIDENT IN OUR REHABILITATION EFFORTS. OVER THE PAST YEAR, WE EMBARKED ON A JOURNEY TO TRANSFORM PROPERTIES, UNDERTAKING EXTENSIVE REPAIRS AND RENOVATIONS TO ENHANCE SAFETY, ACCESSIBILITY, AND OVERALL QUALITY. THESE EFFORTS NOT ONLY IMPROVED THE LIVING CONDITIONS FOR RESIDENTS BUT ALSO BREATHED NEW LIFE INTO OUR COMMUNITIES. THROUGH ADHERENCE TO STRINGENT QUALITY STANDARDS AND REGULATIONS, WE ENSURED THAT EVERY REHABILITATED PROPERTY MET OR EXCEEDED MINIMUM HOUSING STANDARDS, CONTRIBUTING TO THE LONG-TERM SUSTAINABILITY OF OUR NEIGHBORHOODS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0DOWN PAYMENT ASSISTANCE FOR HOME PURCHASE: ACHIEVING THE DREAM OF HOMEOWNERSHIP BECAME A REALITY FOR MANY INDIVIDUALS AND FAMILIES, THANKS TO OUR DOWN PAYMENT ASSISTANCE PROGRAM. WE ASSISTED HOMEBUYERS IN OVERCOMING FINANCIAL BARRIERS TO HOMEOWNERSHIP, PROVIDING CRUCIAL SUPPORT IN THE FORM OF DOWN PAYMENT ASSISTANCE. THIS INITIATIVE NOT ONLY INCREASED HOMEOWNERSHIP RATES WITHIN OUR COMMUNITY BUT ALSO LAID THE FOUNDATION FOR LONG-TERM STABILITY AND PROSPERITY. AS MORE FAMILIES TAKE PRIDE IN HOMEOWNERSHIP, OUR COMMUNITY GROWS STRONGER AND MORE RESILIENT.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)3 OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS A NOT-FOR-PROFIT FLORIDA CORPORATION AND THEREFORE IS NOT SUBJECT TO STATE INCOME TAX TAXES. THE INTERNAL REVENUE CODE PROVIDES FOR TAXATION OF UNRELATED BUSINESS INCOME UNDER CERTAIN CIRCUMSTANCES. THE ORGANIZATION REPORTS NO UNRELATED BUSINESS TAXABLE INCOME, HOWEVER, SUCH STATUS IS SUBJECT TO FINAL DETERMINATION UPON EXAMINATION OF THE RELATED TAX RETURNS BY THE APPROPRIATE TAXING AUTHORITIES. THE ORGANIZATION'S TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. CERTAIN INCOME TAX RETURNS FILED BY THE ORGANIZATION REMAIN OPEN TO EXAMINATION BY THESE GOVERNMENT AGENCIES. THE ORGANIZATION FOLLOWS ASC TOPIC 740, "INCOME TAXES" IN ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS AND ANY ESTIMATES UTILIZED IN ITS TAX RETURNS, AND CONCLUDED THAT THE ORGANIZATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS WILL BE RECOGNIZED IN INCOME TAX EXPENSE, IF REQUIRED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0UTILITY ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1FORECLOSURE PREVENTION
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2RENTAL ASSISTANCE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION WAS FORMED TO PROVIDE LOW INCOME FAMILIES OF LEE COUNTY FLORIDA WITH AFFORDABLE HOUSING BY CONSTRUCTING AND PROVIDING NEEDED RESOURCES TO SUCH INDIVIDUALS WHO WOULD NOT BE ABLE TO AFFORD SUCH HOUSING FOR THEMSELVES OR THEIR FAMILIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13 ACTING AS OFFICERS - MEET ONCE A MONTH FOR APPROXIMATELY 2 HOURS A MONTH
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION RECEIVED COPY OF THE TAX RETURN TO REVIEW, SIGN AND RETURN 8879 FOR EFILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EVALUATION OF THE EXECUTIVE DIRECTOR (LEASED EMPLOYEE) WILL BE DONE BY NO LESS THAN 2 OR MORE THAN 3 APPOINTED BOARD MEMBERS AND THE EVALUATION WILL BE PRESENTED TO THE FULL BOARD FOR RATIFICATION AND/OR AMENDMENT. THE EVALUATION OF THE EXECUTIVE DIRECTOR SHALL INCLUDE THE USES OF THE CURRENT FORM WITH ITS BROAD CATEGORIES, EVALUATION OF ESSENTIAL FUNCTIONS AS IDENTIFIED AND LISTED IN THE POSITION DESCRIPTION AND AN ORAL EVALUATION AND REVIEW WITH THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EVALUATION OF THE KEY EMPLOYEES (LEASED EMPLOYEES) WILL BE DONE BY NO LESS THAN 2 OR MORE THAN 3 APPOINTED BOARD MEMBERS AND THE EVALUATION WILL BE PRESENTED TO THE FULL BOARD FOR RATIFICATION AND/OR AMENDMENT. THE EVALUATION OF THE EXECUTIVE DIRECTOR SHALL INCLUDE THE USES OF THE CURRENT FORM WITH ITS BROAD CATEGORIES, EVALUATION OF ESSENTIAL FUNCTIONS AS IDENTIFIED AND LISTED IN THE POSITION DESCRIPTION AND AN ORAL EVALUATION AND REVIEW WITH THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ORGANIZATION USES A PEO TO PROVIDE PAYROLL SERVICES, AS SUCH "EMPLOYEES" ARE CONSIDERED EMPLOYEES OF THE PEO AND NOT THE ORGANIZATION. THE ORGANIZATION IS BILLED FOR WAGES, PAYROLL TAXES AND BENFITS BY THE PEO. OFFICER WAGES IS BROKEN OUT FOR TRANSPEARANCY PURPOSES ONLY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VII
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