Civic Intelligence

Elderly Housing Development and Operations Corporation

990 • Fiscal year 2017 • EIN 65-0665009

Jul 01, 2016 to Jun 30, 2017 • Filed on May 09, 2017

Organization ProfileWWW.EHDOC.ORG

View Organization Page

1580 Sawgrass Corp Parkway Ste 100Sunrise, FL 33323

(954) 835-9200

Siviq Scores

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

Liabilities / Assets

39th percentile

0.16x

Higher debt load relative to assets than 39% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

67th percentile

0.61x

Higher debt load relative to revenue than 67% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

92nd percentile

51%

Higher net margin than 92% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

74th percentile

12%

Faster asset growth than 74% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

60th percentile

8.1%

Faster revenue growth than 60% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets39th percentile

Assets

Up

$29,353,559

Up $3,212,523 (+12%) from 2016

Net Assets

Up

$24,792,336

Up $3,055,670 (+14%) from 2016

Liabilities

Up

$4,561,223

Up $156,853 (+3.6%) from 2016

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin92nd percentile

Revenue

Up

$7,452,950

Up $556,348 (+8.1%) from 2016

Expenses

Down

$3,675,173

Down $898,308 (-20%) from 2016

Net Income

Up

$3,777,777

Up $1,454,656 (+63%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

$80M$60M$40M$20M$0Assets 2010: $4,896,191Liabilities 2010: $1,174,459Net Assets 2010: $3,721,7322010Assets 2011: $14,420,295Liabilities 2011: $930,374Net Assets 2011: $13,489,9212011Assets 2012: $15,943,792Liabilities 2012: $794,141Net Assets 2012: $15,149,6512012Assets 2013: $20,818,738Liabilities 2013: $552,241Net Assets 2013: $20,266,4972013Assets 2014: $21,605,592Liabilities 2014: $1,280,056Net Assets 2014: $20,325,5362014Assets 2015: $22,713,139Liabilities 2015: $1,360,321Net Assets 2015: $21,352,8182015Assets 2016: $26,141,036Liabilities 2016: $4,404,370Net Assets 2016: $21,736,6662016Assets 2017: $29,353,559Liabilities 2017: $4,561,223Net Assets 2017: $24,792,3362017Assets 2018: $31,097,340Liabilities 2018: $5,415,668Net Assets 2018: $25,681,6722018Assets 2019: $32,498,968Liabilities 2019: $6,379,999Net Assets 2019: $26,118,9692019Assets 2020: $39,975,732Liabilities 2020: $6,452,586Net Assets 2020: $33,523,1462020Assets 2021: $42,027,773Liabilities 2021: $5,298,162Net Assets 2021: $36,729,6112021Assets 2022: $58,992,114Liabilities 2022: $6,045,010Net Assets 2022: $52,947,1042022Assets 2023: $61,198,404Liabilities 2023: $11,023,130Net Assets 2023: $50,175,2742023Assets 2024: $62,896,066Liabilities 2024: $10,870,750Net Assets 2024: $52,025,3162024

Highlighted filing

2017

Assets$29,353,559
Liabilities$4,561,223
Net Assets$24,792,336
Open 2017 Filing

Operations Trend

Revenue Growth60th percentile

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $2,800,9072010Expenses 2011: $2,426,7372011Expenses 2012: $2,960,3762012Expenses 2013: $4,070,5682013Revenue 2014: $4,334,153Expenses 2014: $3,697,896Net Income 2014: $636,2572014Revenue 2015: $4,935,633Expenses 2015: $3,385,324Net Income 2015: $1,550,3092015Revenue 2016: $6,896,602Expenses 2016: $4,573,481Net Income 2016: $2,323,1212016Revenue 2017: $7,452,950Expenses 2017: $3,675,173Net Income 2017: $3,777,7772017Revenue 2018: $4,253,492Expenses 2018: $4,208,208Net Income 2018: $45,2842018Revenue 2019: $3,919,268Expenses 2019: $3,770,501Net Income 2019: $148,7672019Revenue 2020: $10,762,288Expenses 2020: $3,611,430Net Income 2020: $7,150,8582020Revenue 2021: $6,886,084Expenses 2021: $4,404,086Net Income 2021: $2,481,9982021Revenue 2022: $7,823,103Expenses 2022: $5,311,891Net Income 2022: $2,511,2122022Revenue 2023: $6,948,538Expenses 2023: $9,919,565Net Income 2023: -$2,971,0272023Revenue 2024: $16,844,664Expenses 2024: $15,625,691Net Income 2024: $1,218,9732024

Highlighted filing

2017

Revenue$7,452,950
Expenses$3,675,173
Net Income$3,777,777
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 9, 2017
Return Version
2016v3.1
Gross Receipts
$7,452,950
Mission and Program Overview

Mission

The purpose of the organization is to provide management of the day-to-day activities of housing projects that are regulated by the department of housing & urban development (hud).

The purpose of the organization is to provide management of the day-to-day activities of housing projects that are regulated by the department of housing & urban development (hud) and sponsorships with housing projects. The organization also develops new projects to expand their capacity of providing low-income housing through the additional projects.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$9,976,406$11,139,013▲ $1,162,607
Savings and Temporary Cash Investments$7,913,404$5,912,872▼ $2,000,532
Investments in Publicly Traded Securities$4,236,722$4,216,148▼ $20,574
Accounts Receivable$1,271,505$3,349,773▲ $2,078,268
Investments Other Securities$1,250,325$1,484,036▲ $233,711
Cash and Non-Interest-Bearing Accounts$144,430$288,450▲ $144,020
Land, Buildings, and Equipment, Net$229,198$223,424▼ $5,774
Prepaid Expenses and Deferred Charges$26,925$130,247▲ $103,322
Total Assets$26,141,036$29,353,559▲ $3,212,523
Other Assets Total$1,092,121$2,609,596▲ $1,517,475
Liabilities
Other Liabilities$3,522,848$4,416,625▲ $893,777
Unsecured Notes Loans Payable$300,000--
Accounts Payable and Accrued Expenses$581,522$144,598▼ $436,924
Total Liabilities$4,404,370$4,561,223▲ $156,853
Net Assets / Fund Balance
Unrestricted Net Assets$21,636,666$24,692,336▲ $3,055,670
Temporarily Rstr Net Assets$100,000$100,000→ $0
Total Net Assets Fund Balance$21,736,666$24,792,336▲ $3,055,670
Total Liabilities and Net Assets / Fund Balance$26,141,036$29,353,559▲ $3,212,523

Asset Categories

AssetBook ValueDepreciationBasis
Land$215,000-$215,000
Leasehold Improvements-$52,801$52,801
Equipment$7,737$27,076$34,813
Other Land Buildings$687$8,326$9,013
Other Assets Org$688,469--
Closely Held Equity Interests$1,484,036--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steve ProtulisPresident &PT$297,133$80,616$377,749
Steve ProtulisPresident & CEO-$297,133$80,616$377,749
John OlsenDirectorPT$26,146$4,706$30,852
Morton BahrChairman Eme-$18,000-$18,000
Erica SchmelzerTreasurerPT$10,604-$10,604

Board Members and Trustees

NameTitle
Christopher SheltonChairman
Cecil RobertsDirector
Ellen FeingoldDirector
Eric DeanDirector
Joseph J HuntDirector
Larry WilliamsDirector
Marliyn MelkonianDirector
Maxine CarterDirector
Robert MartinezDirector
Roger SmithDirector
Thomas VillanovaDirector
Tony FransettaDirector
Maria CordoneSecretary
Edward L RomeroVice Preside
Leo W GerardVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Bernstein ShurLegal Services100 MIDDLE STREET, PO BOX 9729, Portland, ME 04104$325,734
Revenue and Support

Revenue Composition

Contributions and Grants
$145,208
Program Service Revenue
$5,228,964
Investment Income
$286,364
Other Revenue
$1,792,414
All Other Contributions
$145,208
Change in Net Assets
$3,777,777
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,122,747
Other Expenses$1,434,032
Grants and Similar Amounts Paid$118,394
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$785,413$161,129-$946,542
Other Employee Benefits$368,704$75,641-$444,345
Current Officers, Directors, Trustees, and Key Employees$350,236$71,851-$422,087
Travel$273,064$56,020-$329,084
Fees for Services Other$228,860$46,951-$275,811
Pension Plan Contributions$169,330$34,739-$204,069
Occupancy$140,896$28,905-$169,801
Office Expenses$132,543$27,191-$159,734
Fees for Services Legal$123,803$25,398-$149,201
Conferences and Meetings$109,378$22,439-$131,817
Grants to Domestic Orgs$118,394--$118,394
Payroll Taxes$87,710$17,994-$105,704
Information Technology$53,490$10,974-$64,464
Fees for Services Accounting$46,056$9,448-$55,504
Advertising$21,403$4,391-$25,794
Insurance$13,070$2,681-$15,751
Depreciation Depletion$6,003$1,232-$7,235
Interest$3,610$740-$4,350
Other Expenses$1,203$247-$1,450
All Other Expenses$633$130-$763
Total Functional Expenses$3,049,551$625,622$0$3,675,173
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Unicef Children of EcuadorNew York, NY-Community Relief$20,662
Ehdoc College Park Apts CharitableSunrise, FL501c3Payments of Prop Tax$18,180
Nat Low Income Housing CoalitionWashington, DC501c3Low Income Housing$10,000
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
Accounts Payable - Entity$4,416,625
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“A member of management will review the 990 prior to filing.”

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

“Enforcements of conflicts policy each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflict of interest policy b. Has read and understood the policy c. Has agreed to comply with the policy and, d. Understands the corporation is charitable and in order to maintain its federal tax exemption it must engage in activities which accomplish one or more of its tax-exempt purposes. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement.”

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

“At the budget meeting, the board of directors are presented a budget which will include a percentage increase for all employee wages of the organization, including the president/ceo. The board of directors will approve the budget with the wage increase. Then the board of directors must separately review and approve the salary for the president/ceo.”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Elderly Housing Dev & Operations
EIN
65-0665009
Phone
9548359200
Address
1580 SAWGRASS CORP PARKWAY STE 100, SUNRISE, FL 33323

Signing Officer

Name
Steve Protulis
Title
President & CEO
Phone
9548359200
Signed
2017-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Protulis
Formed
1996
Legal Domicile
Dc
Voting Board Members
15
Independent Board Members
12
Employees
38

Preparer

Firm
Bellows Associates Pa
Address
7890 PETERS RD STE G102, PLANTATION, FL 33324-4028
Preparer
Jennifer R Koffman
Phone
9548387000
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The purpose of the organization is to provide management of the day-to-day activities of housing projects that are regulated by the department of housing & urban development (hud) and sponsorships with housing projects. The organization also develops new projects to expand their capacity of providing low-income housing through the additional projects.”

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IRS990/Form990PartVIISectionAGrp/PersonNm15CECIL ROBERTS
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IRS990/Form990PartVIISectionAGrp/PersonNm17ROBERT MARTINEZ
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IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
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IRS990/NetUnrlzdGainsLossesInvstAmt0-9574
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IRS990/OfficeExpensesGrp/ProgramServicesAmt0132543
IRS990/OfficeExpensesGrp/TotalAmt0159734
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0368704
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IRS990/OtherExpensesGrp/Desc2EMPLOYEE TRAINING
IRS990/OtherExpensesGrp/Desc3MISC. TAXES, INS
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3247
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IRS990/OtherExpensesGrp/ProgramServicesAmt13769
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IRS990/OtherExpensesGrp/ProgramServicesAmt31203
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IRS990/OtherExpensesGrp/TotalAmt113774
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Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,353,559
Liabilities
$4,561,223
Net assets
$24,792,336
Revenue
$7,452,950
Expenses
$3,675,173
Net income
$3,777,777
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$62.9$10.9$52.0$16.8$15.6$1.22
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$61.2$11.0$50.2$6.95$9.92$2.97
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$59.0$6.05$52.9$7.82$5.31$2.51
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.0$5.30$36.7$6.89$4.40$2.48
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.0$6.45$33.5$10.8$3.61$7.15
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.5$6.38$26.1$3.92$3.77$0.15
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.1$5.42$25.7$4.25$4.21$0.05
2017Detailed filing. Detailed filing data is available for this year.$29.4$4.56$24.8$7.45$3.68$3.78
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.1$4.40$21.7$6.90$4.57$2.32
2015Detailed filing. Detailed filing data is available for this year.$22.7$1.36$21.4$4.94$3.39$1.55
2014Detailed filing. Detailed filing data is available for this year.$21.6$1.28$20.3$4.33$3.70$0.64
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.8$0.55$20.3$4.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.9$0.79$15.1$2.96
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.4$0.93$13.5$2.43
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.90$1.17$3.72$2.80