Civic Intelligence

Florida Self Storage Inc

EIN 65-0892379 • 501(c)6 • Alexandria, VA

Profile

The association is a trade organization made up of dues paying members in the self storage industry. The association provides support and technical assistance to its members in the form of newsletters,trade shows and a trade publication.

1001 North Fairfax Street 505Alexandria, VA 22314

www floridassa.org

Siviq Scores

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

Liabilities / Assets

68th percentile

0.28x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

98th percentile

1.58x

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

501(c)6 • $1M-$5M nonprofits • Source year 2025

Net Margin

41st percentile

1.8%

Higher net margin than 41% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

30th percentile

$0

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Asset Growth

88th percentile

27%

Faster asset growth than 88% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

1st percentile

-65%

Faster revenue growth than 1% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets68th percentile

Assets

Down

$991,021

Down $154,604 (-13%) from 2023

Liabilities

Down

$88,590

Down $182,664 (-67%) from 2023

Net Assets

Up

$902,431

Up $28,060 (+3.2%) from 2023

Operations
Liabilities / Revenue98th percentileNet Margin41st percentile

Revenue

Up

$640,150

Up $33,382 (+5.5%) from 2023

Expenses

Up

$525,190

Up $54,716 (+12%) from 2023

Net Income

Down

$114,960

Down $21,334 (-16%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth88th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $224,053Liabilities 2011: $110Net Assets 2011: $223,9432011Assets 2012: $250,219Liabilities 2012: $110Net Assets 2012: $250,1092012Assets 2013: $186,646Liabilities 2013: $191Net Assets 2013: $186,4552013Assets 2014: $198,337Liabilities 2014: $0Net Assets 2014: $198,3372014Assets 2015: $253,303Liabilities 2015: $0Net Assets 2015: $253,3032015Assets 2016: $333,310Liabilities 2016: $0Net Assets 2016: $333,3102016Assets 2017: $318,174Liabilities 2017: $0Net Assets 2017: $318,1742017Assets 2018: $441,236Liabilities 2018: $34,857Net Assets 2018: $406,3792018Assets 2019: $575,055Liabilities 2019: $125,384Net Assets 2019: $449,6712019Assets 2020: $593,520Liabilities 2020: $34,092Net Assets 2020: $559,4282020Assets 2021: $708,547Liabilities 2021: $53,820Net Assets 2021: $654,7272021Assets 2022: $944,673Liabilities 2022: $213,597Net Assets 2022: $731,0762022Assets 2023: $1,145,625Liabilities 2023: $271,254Net Assets 2023: $874,3712023Assets 2024: $991,021Liabilities 2024: $88,590Net Assets 2024: $902,4312024

Highlighted filing

2024

Assets$991,021
Liabilities$88,590
Net Assets$902,431
Open 2024 Filing

Operations Trend

Revenue Growth1st percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $246,9752011Revenue 2012: $196,780Expenses 2012: $170,614Net Income 2012: $26,1662012Revenue 2013: $214,859Expenses 2013: $278,513Net Income 2013: -$63,6542013Revenue 2014: $257,938Expenses 2014: $246,247Net Income 2014: $11,6912014Revenue 2015: $285,235Expenses 2015: $225,366Net Income 2015: $59,8692015Revenue 2016: $305,058Expenses 2016: $225,051Net Income 2016: $80,0072016Revenue 2017: $205,287Expenses 2017: $220,423Net Income 2017: -$15,1362017Revenue 2018: $172,895Expenses 2018: $132,004Net Income 2018: $40,8912018Revenue 2019: $263,013Expenses 2019: $175,550Net Income 2019: $87,4632019Revenue 2020: $375,689Expenses 2020: $265,667Net Income 2020: $110,0222020Revenue 2021: $303,022Expenses 2021: $210,212Net Income 2021: $92,8102021Revenue 2022: $267,721Expenses 2022: $154,173Net Income 2022: $113,5482022Revenue 2023: $606,768Expenses 2023: $470,474Net Income 2023: $136,2942023Revenue 2024: $640,150Expenses 2024: $525,190Net Income 2024: $114,9602024

Highlighted filing

2024

Revenue$640,150
Expenses$525,190
Net Income$114,960
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$991,021
Liabilities
$88,590
Net assets
$902,431
Revenue
$640,150
Expenses
$525,190
Net income
$114,960
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.99$0.09$0.90$0.64$0.53$0.11
2023Detailed filing. Detailed filing data is available for this year.$1.15$0.27$0.87$0.61$0.47$0.14
2022Detailed filing. Detailed filing data is available for this year.$0.94$0.21$0.73$0.27$0.15$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.71$0.05$0.65$0.30$0.21$0.09
2020Detailed filing. Detailed filing data is available for this year.$0.59$0.03$0.56$0.38$0.27$0.11
2019Detailed filing. Detailed filing data is available for this year.$0.58$0.13$0.45$0.26$0.18$0.09
2018Detailed filing. Detailed filing data is available for this year.$0.44$0.03$0.41$0.17$0.13$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.32$0.00$0.32$0.21$0.22$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.33$0.31$0.23$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$0.29$0.23$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.26$0.25$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$0.21$0.28$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.00$0.25$0.20$0.17$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.00$0.22$0.25
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 8, 2025
Return Version
2024v5.2
Gross Receipts
$640,150
Mission and Program Overview

Mission

The association is a trade organization made up of dues-paying members in the self storage industry. The association provides support and technical assistance to its members in the form of newsletters, trade shows and a trade publication.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$749,822$851,692▲ $101,870
Accounts Receivable$225,033--
Cash and Non-Interest-Bearing Accounts$150,247$120,421▼ $29,826
Prepaid Expenses and Deferred Charges$10,523$14,408▲ $3,885
Total Assets$1,145,625$991,021▼ $154,604
Other Assets Total$10,000$4,500▼ $5,500
Liabilities
Deferred Revenue$232,993$84,958▼ $148,035
Accounts Payable and Accrued Expenses$38,261$3,632▼ $34,629
Total Liabilities$271,254$88,590▼ $182,664
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$874,371$902,431▲ $28,060
Total Net Assets Fund Balance$874,371$902,431▲ $28,060
Total Liabilities and Net Assets / Fund Balance$1,145,625$991,021▼ $154,604
Compensation and Service Providers
Top Officer Pay30th percentile

Board Members and Trustees

NameTitle
Jessica JohnsonPresident
Joel PattersonPresident Elect
Dave CooperDirector
Dave DeemsDirector
Holly FiorelloDirector
Mike MeleDirector
Scott KellyDirector
Scott MclaughlinDirector
Leslie FuquaExecutive Director
Tracy SellsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$592,421
Investment Income
$39,125
Other Revenue
$8,604
Change in Net Assets
$114,960
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$525,190
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
Other Expenses---$108,171
Fees for Services Management---$106,425
Fees for Services Other---$30,495
Office Expenses---$28,210
Travel---$7,145
Advertising---$2,480
Insurance---$1,100
Fees for Services Accounting---$1,043
Information Technology---$1,018
Total Functional Expenses$0$0$0$525,190
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
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Part VI, Section A, Line 6

“The florida self storage association, inc. Is a membership organization.”

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

“The board members are elected by the members.”

Form 990, Part VI, Section B, Line 11B

“A copy of the form 990 is provided to the organization for review by the board of directors prior to filing. The authorization to electronically file the return is signed by an officer of the organization.”

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

“The board of directors reviews financial transactions for conflicts of interest and reports on a regular basis.”

Form 990, Part VI, Section B, Line 15

“The organization reviews comparable compensation in the industry.”

Form 990, Part VI, Section C, Line 19

“Governing documents are available for review upon request.”

Filing and Contact Details

Filer

Filer Name
Florida Self Storage Inc
EIN
65-0892379
Phone
7035758000
Address
1001 NORTH FAIRFAX STREET 505, ALEXANDRIA, VA 22314

Signing Officer

Name
Derek Knights
Title
Chief Financial Officer
Phone
7035758000
Signed
2025-07-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Derek Knights
Formed
1999
Legal Domicile
Md
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Firm
Novak Francella LLC
Address
40 MONUMENT RD 5TH FLR, BALA CYNWYD, PA 19004
Preparer
Louis Verzella
Phone
6106689400
Raw XML Appendix349 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/PYTotalExpensesAmt0470474
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0606768
IRS990/ReconcilationRevenueExpnssAmt0114960
IRS990/RegularMonitoringEnfrcInd01
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IRS990/RentalIncomeOrLossGrp/RealAmt01887
IRS990/ReportInvestmentsOtherSecInd00
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IRS990/ReportOtherLiabilitiesInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FLORIDA SELF STORAGE ASSOCIATION, INC. IS A MEMBERSHIP ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD MEMBERS ARE ELECTED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE FORM 990 IS PROVIDED TO THE ORGANIZATION FOR REVIEW BY THE BOARD OF DIRECTORS PRIOR TO FILING. THE AUTHORIZATION TO ELECTRONICALLY FILE THE RETURN IS SIGNED BY AN OFFICER OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REVIEWS FINANCIAL TRANSACTIONS FOR CONFLICTS OF INTEREST AND REPORTS ON A REGULAR BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION REVIEWS COMPARABLE COMPENSATION IN THE INDUSTRY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TerminateOperationsInd00
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IRS990/TotalEmployeeCnt00
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IRS990/TotalLiabilitiesEOYAmt088590
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IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0798
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IRS990/TotalReportableCompFromOrgAmt00
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0594308
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0640150
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IRS990/USAddress/AddressLine1Txt01001 NORTH FAIRFAX STREET 505
IRS990/USAddress/CityNm0ALEXANDRIA
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd022314
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IRS990/WebsiteAddressTxt0WWW FLORIDASSA.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DEREK KNIGHTS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF FINANCIAL OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum07035758000
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FLORIDA SELF STORAGE INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O SELF STORAGE ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0FLOR
ReturnHeader/Filer/EIN0650892379
ReturnHeader/Filer/PhoneNum07035758000
ReturnHeader/Filer/USAddress/AddressLine1Txt01001 NORTH FAIRFAX STREET 505
ReturnHeader/Filer/USAddress/CityNm0ALEXANDRIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0611436956
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NOVAK FRANCELLA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt040 MONUMENT RD 5TH FLR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BALA CYNWYD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019004
ReturnHeader/PreparerPersonGrp/PhoneNum06106689400
ReturnHeader/PreparerPersonGrp/PreparationDt02025-07-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LOUIS VERZELLA
ReturnHeader/ReturnTs02025-07-08T15:21:23-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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