Civic Intelligence

Broward County Community Development Corporation Inc.

990 • Fiscal year 2022 • EIN 65-0407370

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 09, 2022

305 SE 18th CourtFort Lauderdale, FL 33316

(954) 764-2800

Siviq Scores

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

Liabilities / Assets

76th percentile

0.42x

Higher debt load relative to assets than 76% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

80th percentile

0.74x

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

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

71st percentile

21%

Higher net margin than 71% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

62nd percentile

$151,658

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

79th percentile

20%

Faster asset growth than 79% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

77th percentile

31%

Faster revenue growth than 77% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Up

$8,205,586

Up $1,372,301 (+20%) from 2021

Net Assets

Up

$4,773,913

Up $964,065 (+25%) from 2021

Liabilities

Up

$3,431,673

Up $408,236 (+14%) from 2021

Revenue

Up

$4,659,433

Up $1,092,170 (+31%) from 2021

Expenses

Up

$3,695,368

Up $92,782 (+2.6%) from 2021

Net Income

Up

$964,065

Up $999,388 (+2829%) from 2021

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $7,909,068Liabilities 2011: $3,962,170Net Assets 2011: $3,946,8982011Assets 2012: $8,059,768Liabilities 2012: $4,206,342Net Assets 2012: $3,853,4262012Assets 2013: $7,939,165Liabilities 2013: $3,986,137Net Assets 2013: $3,953,0282013Assets 2014: $8,025,220Liabilities 2014: $4,063,451Net Assets 2014: $3,961,7692014Assets 2015: $8,030,757Liabilities 2015: $4,009,555Net Assets 2015: $4,021,2022015Assets 2016: $7,779,263Liabilities 2016: $4,001,809Net Assets 2016: $3,777,4542016Assets 2017: $7,229,444Liabilities 2017: $3,628,875Net Assets 2017: $3,600,5692017Assets 2018: $6,921,791Liabilities 2018: $3,398,224Net Assets 2018: $3,523,5672018Assets 2019: $6,905,488Liabilities 2019: $3,282,481Net Assets 2019: $3,623,0072019Assets 2020: $7,255,171Liabilities 2020: $3,410,000Net Assets 2020: $3,845,1712020Assets 2021: $6,833,285Liabilities 2021: $3,023,437Net Assets 2021: $3,809,8482021Assets 2022: $8,205,586Liabilities 2022: $3,431,673Net Assets 2022: $4,773,9132022Assets 2023: $8,783,796Liabilities 2023: $3,606,384Net Assets 2023: $5,177,4122023Assets 2024: $9,753,871Liabilities 2024: $4,324,696Net Assets 2024: $5,429,1752024Assets 2025: $13,832,213Liabilities 2025: $7,687,918Net Assets 2025: $6,144,2952025

Highlighted filing

2022

Assets$8,205,586
Liabilities$3,431,673
Net Assets$4,773,913

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $2,089,383Expenses 2011: $2,173,541Net Income 2011: -$84,1582011Revenue 2012: $2,175,170Expenses 2012: $2,268,642Net Income 2012: -$93,4722012Revenue 2013: $2,539,218Expenses 2013: $2,439,616Net Income 2013: $99,6022013Revenue 2014: $2,570,159Expenses 2014: $2,561,418Net Income 2014: $8,7412014Revenue 2015: $2,922,980Expenses 2015: $2,863,547Net Income 2015: $59,4332015Revenue 2016: $3,168,595Expenses 2016: $3,325,619Net Income 2016: -$157,0242016Revenue 2017: $3,417,736Expenses 2017: $3,594,621Net Income 2017: -$176,8852017Revenue 2018: $3,697,931Expenses 2018: $3,774,932Net Income 2018: -$77,0012018Revenue 2019: $3,533,208Expenses 2019: $3,433,768Net Income 2019: $99,4402019Revenue 2020: $3,717,287Expenses 2020: $3,495,123Net Income 2020: $222,1642020Revenue 2021: $3,567,263Expenses 2021: $3,602,586Net Income 2021: -$35,3232021Revenue 2022: $4,659,433Expenses 2022: $3,695,368Net Income 2022: $964,0652022Revenue 2023: $4,486,293Expenses 2023: $4,082,821Net Income 2023: $403,4722023Revenue 2024: $4,516,239Expenses 2024: $4,264,476Net Income 2024: $251,7632024Revenue 2025: $5,514,279Expenses 2025: $4,799,158Net Income 2025: $715,1212025

Highlighted filing

2022

Revenue$4,659,433
Expenses$3,695,368
Net Income$964,065
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 9, 2022
Return Version
2021v4.0
Gross Receipts
$4,659,433
Mission and Program Overview

Mission

To provide quality, permanent and affordable housing opportunities to meet the needs of lower income or homeless people with disabilities who also have a mental illness. Core values are: stability; dignity and hope.broward housing solutions creates a compassionate community where all low income people with mental illness have a permanent and safe home.

To provide quality, permanent and affordable housing opportunities to meet the needs of lower income or homeless people with disabilities, who also have a mental illness. Core values are: stability, dignity and hope.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,183,483$5,933,328▲ $749,845
Pledges and Grants Receivable$416,092$822,807▲ $406,715
Cash and Non-Interest-Bearing Accounts$590,961$653,012▲ $62,051
Savings and Temporary Cash Investments$362,833$359,142▼ $3,691
Prepaid Expenses and Deferred Charges$230,651$294,957▲ $64,306
Accounts Receivable$36,210$42,241▲ $6,031
Intangible Assets$275$249▼ $26
Total Assets$6,833,285$8,205,586▲ $1,372,301
Other Assets Total$12,780$99,850▲ $87,070
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,613,976$2,969,589▲ $355,613
Accounts Payable and Accrued Expenses$216,609$259,964▲ $43,355
Other Liabilities$150,532$151,368▲ $836
Deferred Revenue$42,320$50,752▲ $8,432
Total Liabilities$3,023,437$3,431,673▲ $408,236
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,809,848$4,773,913▲ $964,065
Total Net Assets Fund Balance$3,809,848$4,773,913▲ $964,065
Total Liabilities and Net Assets / Fund Balance$6,833,285$8,205,586▲ $1,372,301

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,807,333$3,602,615$6,409,948
Other Land Buildings$1,522,969$1,604,331$3,127,300
Land$1,578,412-$1,578,412
Equipment$24,614$42,770$67,384
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lisa VecchiExecutive DiFT$151,658$151,658
Lisa VecchiExecutive Director-$151,658$151,658

Board Members and Trustees

NameTitle
Alan MethelisBoard Member
Cecilia StaggBoard Member
Chris MurphyBoard Member
Felisa Del KlerBoard Member
Jordan SimlerBoard Member
Lilly RunnebaumBoard Member
Lloyd PlummerBoard Member
Marc EskoBoard Member
Mark BerkowitzBoard Member
Pam KaneBoard Member
Steven HoltzBoard Member
Tara DBoard Member
Thomas BluthTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,806,413
Program Service Revenue
$670,335
Investment Income
$1,747
Other Revenue
$180,938
All Other Contributions
$2,567,055
Change in Net Assets
$964,065

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,659,433
Total Revenue per Audited Statements
$4,659,433
Total Revenue per Form 990
$4,659,433
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,383,048
Salaries, Compensation, and Employee Benefits$1,240,319
Grants and Similar Amounts Paid$1,072,001
Total Fundraising Expense$30,331
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$910,586--$910,586
Other Salaries and Wages$719,286$150,374$25,930$895,590
Depreciation Depletion$324,097$5,843-$329,940
Insurance$216,219$6,613-$222,832
Payroll Taxes$154,895$38,132-$193,027
Grants to Domestic Orgs$161,415--$161,415
Current Officers, Directors, Trustees, and Key Employees$120,473$26,828$4,401$151,702
Fees for Services Accounting$49,442$17,371-$66,813
Interest$62,084$2,369-$64,453
All Other Expenses$44,601$8,553-$53,154
Other Expenses$31,761$7,819-$39,580
Travel$30,441$7,494-$37,935
Office Expenses$26,212$10,793-$37,005
Fees for Services Legal$14,630$5,140-$19,770
Advertising$13,769$3,390-$17,159
Fees for Services Other$11,285$1,928-$13,213
Total Functional Expenses$3,337,852$327,185$30,331$3,695,368

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,695,368
Total Expenses per Audited Statements$3,695,368
Total Expenses per Form 990$3,695,368
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Archways IncFort Lauderdale, FL501c3BROWARD II PTC'S.$161,415
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 Deposits$151,368
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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

The tax return preparee mails a final version of the form 990 to the organization's ceo. The ceo presents the form for review and approval to the finance committee and the board of directors.

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

During our annual retreat, bhs board of directors review internal procedures and policies such as fiscal management review, audit and bylaws in conjuction with any new and existing programs which may present with compliancy.

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

The process to determine compensation is based on comparative data analysis of non-profit organizations with similar operational budgets. Skills, education and experience are also taken into consideration. Additionally, the organization uses resources such as guidestar and ncnp as a guide, and follows the irs 3-step process to conform to the exempt organizations executive compensation compliance.

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

The process to determine compensation is based on comparative data analysis of non-profit organizations with similar operational budgets. Skills, education and experience are also taken into consideration. Additionally, the organization uses resources such as guidestar and ncno as a guide, and follows the irs 3-step process to conform to the exempt organizations executive compensation compliance.

Form 990, Page 6, Part VI, Line 19

Financial statements, conflicts of interest policy and other documents are available to the public upon formal request to the organization.

Filing and Contact Details

Filer

Filer Name
Broward County Community
EIN
65-0407370
Phone
9547642800
Address
305 SE 18TH COURT, FORT LAUDERDALE, FL 33316
Doing Business As
Broward Housing Solutions Inc

Signing Officer

Name
Lisa Vecchi
Title
Executive Director
Phone
9547642800
Signed
2022-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Vecchi
Formed
1993
Legal Domicile
Fl
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
13

Preparer

Firm
Sanson Kline Jacomino & Tandoc Llp
Address
5805 BLUE LAGOON DR STE 145, MIAMI, FL 33126
Preparer
Alfredo a Jacomino
Phone
3052698633
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Affordable housing program: 1. Prevents homelessness: bhs affordable and supportive housing prevents low-income people from becoming homeless. Coupled with collaboration from community behavioral health partners offering an array of support services encourages a permanent exodus from the streets. 2. Provides opportunity: bhs affordable and supportive housing provides low-income people a safe home where they are provided the tools for successful, long-term, independent living, achieving long-term self sufficiency. 3. Social benefit: bhs affordable housing for young adults addresses the immediate needs for long-term stability and productive citizens which produces significant social benefits and reduces substantial financial strains on our communities (taxpayers), such as incarceration, over- utilization of emergency rooms and substance abuse.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.8$7.69$6.14$5.51$4.80$0.72
2024Summary only. Only limited summary data is available for this year.$9.75$4.32$5.43$4.52$4.26$0.25
2023Summary only. Only limited summary data is available for this year.$8.78$3.61$5.18$4.49$4.08$0.40
2022Detailed filing. Detailed filing data is available for this year.$8.21$3.43$4.77$4.66$3.70$0.96
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.83$3.02$3.81$3.57$3.60$0.04
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.26$3.41$3.85$3.72$3.50$0.22
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.91$3.28$3.62$3.53$3.43$0.10
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.92$3.40$3.52$3.70$3.77$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.23$3.63$3.60$3.42$3.59$0.18
2016Summary only. Only limited summary data is available for this year.$7.78$4.00$3.78$3.17$3.33$0.16
2015Detailed filing. Detailed filing data is available for this year.$8.03$4.01$4.02$2.92$2.86$0.06
2014Detailed filing. Detailed filing data is available for this year.$8.03$4.06$3.96$2.57$2.56$0.01
2013Summary only. Only limited summary data is available for this year.$7.94$3.99$3.95$2.54$2.44$0.10
2012Summary only. Only limited summary data is available for this year.$8.06$4.21$3.85$2.18$2.27$0.09
2011Summary only. Only limited summary data is available for this year.$7.91$3.96$3.95$2.09$2.17$0.08