Civic Intelligence

Sarasota Housing Funding Corporation

990 • Fiscal year 2014 • EIN 80-0418699

Apr 01, 2013 to Mar 31, 2014 • Filed on Oct 02, 2014

Organization ProfileWWW.SARASOTAHOUSING.ORG
269 S Osprey AveRoom/Suite 10034236

(941) 361-6210

Siviq Scores

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

Liabilities / Assets

91st percentile

0.97x

Higher debt load relative to assets than 91% of similar nonprofits.

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

Liabilities / Revenue

98th percentile

18.69x

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

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

Net Margin

18th percentile

-6.1%

Higher net margin than 18% of similar nonprofits.

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

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

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

Asset Growth

22nd percentile

-2.7%

Faster asset growth than 22% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

90th percentile

57%

Faster revenue growth than 90% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets91st percentile

Assets

Flat

$11,546,066

Flat from 2014

Net Assets

Flat

$294,739

Flat from 2014

Liabilities

Flat

$11,251,327

Flat from 2014

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin18th percentile

Revenue

Flat

$602,146

Flat from 2014

Expenses

Flat

$639,103

Flat from 2014

Net Income

Flat

-$36,957

Flat from 2014

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$15M$10M$5.0M$0Assets 2013: $11,861,012Liabilities 2013: $11,529,316Net Assets 2013: $331,6962013Assets 2014: $11,546,066Liabilities 2014: $11,251,327Net Assets 2014: $294,7392014Assets 2014: $11,546,066Liabilities 2014: $11,251,327Net Assets 2014: $294,7392014Assets 2015: $11,484,902Liabilities 2015: $11,162,152Net Assets 2015: $322,7502015Assets 2016: $12,482,727Liabilities 2016: $12,043,622Net Assets 2016: $439,1052016Assets 2017: $12,481,025Liabilities 2017: $11,969,670Net Assets 2017: $511,3552017Assets 2018: $12,349,765Liabilities 2018: $11,791,697Net Assets 2018: $558,0682018Assets 2019: $12,143,405Liabilities 2019: $11,692,499Net Assets 2019: $450,9062019Assets 2020: $11,953,291Liabilities 2020: $11,508,182Net Assets 2020: $445,1092020Assets 2021: $11,935,168Liabilities 2021: $11,394,183Net Assets 2021: $540,9852021Assets 2022: $12,117,412Liabilities 2022: $11,319,640Net Assets 2022: $797,7722022Assets 2023: $11,752,834Liabilities 2023: $11,136,154Net Assets 2023: $616,6802023Assets 2024: $11,568,046Liabilities 2024: $11,045,228Net Assets 2024: $522,8182024Assets 2025: $11,508,541Liabilities 2025: $10,927,170Net Assets 2025: $581,3712025

Highlighted filing

2014

Assets$11,546,066
Liabilities$11,251,327
Net Assets$294,739
Open 2014 Filing

Operations Trend

Revenue Growth90th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2013: $382,862Expenses 2013: $355,803Net Income 2013: $27,0592013Revenue 2014: $602,146Expenses 2014: $639,103Net Income 2014: -$36,9572014Revenue 2014: $602,146Expenses 2014: $639,103Net Income 2014: -$36,9572014Revenue 2015: $707,109Expenses 2015: $679,098Net Income 2015: $28,0112015Revenue 2016: $694,109Expenses 2016: $577,754Net Income 2016: $116,3552016Revenue 2017: $800,332Expenses 2017: $728,082Net Income 2017: $72,2502017Revenue 2018: $845,955Expenses 2018: $799,242Net Income 2018: $46,7132018Revenue 2019: $856,457Expenses 2019: $963,619Net Income 2019: -$107,1622019Revenue 2020: $855,896Expenses 2020: $861,693Net Income 2020: -$5,7972020Revenue 2021: $966,591Expenses 2021: $870,715Net Income 2021: $95,8762021Revenue 2022: $1,171,659Expenses 2022: $914,872Net Income 2022: $256,7872022Revenue 2023: $1,036,009Expenses 2023: $1,197,790Net Income 2023: -$161,7812023Revenue 2024: $1,118,303Expenses 2024: $1,034,239Net Income 2024: $84,0642024Revenue 2025: $1,181,585Expenses 2025: $1,123,032Net Income 2025: $58,5532025

Highlighted filing

2014

Revenue$602,146
Expenses$639,103
Net Income-$36,957
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2013 to Mar 31, 2014
Signed
Oct 2, 2014
Return Version
2013v3.1
Gross Receipts
$602,146
Mission and Program Overview

Mission

To provide affordable housing to families in the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,469,293$10,892,424▼ $576,869
Cash and Non-Interest-Bearing Accounts-$556,683-
Prepaid Expenses and Deferred Charges$51,138$62,783▲ $11,645
Accounts Receivable$321,431$4,676▼ $316,755
Total Assets$11,861,012$11,546,066▼ $314,946
Other Assets Total$19,150$29,500▲ $10,350
Liabilities
Unsecured Notes Loans Payable$10,530,244$10,504,959▼ $25,285
Other Liabilities$909,799$690,388▼ $219,411
Deferred Revenue$61,941$50,280▼ $11,661
Accounts Payable and Accrued Expenses$27,332$5,700▼ $21,632
Total Liabilities$11,529,316$11,251,327▼ $277,989
Net Assets / Fund Balance
Unrestricted Net Assets$331,696$294,739▼ $36,957
Total Net Assets Fund Balance$331,696$294,739▼ $36,957
Total Liabilities and Net Assets / Fund Balance$11,861,012$11,546,066▼ $314,946

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,318,285$435,969$9,754,254
Land$1,574,139-$1,574,139
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
David MorganChairman
G Duane FingerBoard Member
Inez HunerBoard Member
John a ColonBoard Member
Joseph B MillerBoard Member
Valerie BuchandBoard Member
Veavie R DelaughterBoard Member
William RussellExecutive Di
Revenue and Support

Revenue Composition

Contributions and Grants
$6,238
Program Service Revenue
$595,767
Investment Income
$141
Other Revenue
$0
Change in Net Assets
$-36,957
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$639,103
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
Depreciation Depletion$227,806--$227,806
Fees for Services Other$73,339$8,512-$81,851
Insurance$62,477$9,060-$71,537
Occupancy$63,416--$63,416
Fees for Services Management$36,399--$36,399
Interest$22,844--$22,844
Fees for Services Accounting-$7,000-$7,000
Advertising$2,537--$2,537
Fees for Services Legal-$2,071-$2,071
Other Expenses$1,359--$1,359
Travel$695--$695
Office Expenses-$77-$77
Total Functional Expenses$612,383$26,720$0$639,103
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
Noncurrent Liabilities - Other$660,888
Tenant Security Deposits$29,500
Interprogram Due to-
Accrued Compensated Absences-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
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
No
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 copy of form 990 is presented to the board for review.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available upon request.”

Filing and Contact Details

Filer

EIN
80-0418699
Phone
9413616210

Signing Officer

Name
William Russell
Title
Executive Director
Phone
9413616210
Signed
2014-10-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Russell
Formed
2009
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Preparer
Brian Nemeroff
Phone
3217572020
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other fees for services 0 8,512 0 other fees 68,389 0 0 bookkeeping fees 4,950 0 0”

Financial Statement Notes

Schedule D, Page 3, Part X

“The sarasota housing authority (authority) is a government agency and is exempt from federal and state income taxes. In addition, phase 1 and phase 2, blended component units of the authority, are all single member limited liability companies that are disregarded for income tax purposes. Sarasota housing funding corporation (shfc), another blended component unit of the authority, is a tax exempt entity. Accordingly, no provision for federal or state income taxes has been made in the financial statements for the authority or its blended component units. The authority, on behalf of shfc, adopted the provisions of financial accounting standards board accounting standards codification topic 740, income taxes, which clarifies the accounting and disclosure requirements for uncertainty in tax positions. Management regularly reviews and analyzes all tax positions and has determined no aggressive tax positions have been take. In general, shfc's income tax returns are subject to examination by various taxing authorities for three years after they were filed. Currently, all of shfc's filings are subject to examination.”

Raw XML Appendix399 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt027332
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt05700
IRS990/AccountsReceivableGrp/BOYAmt0321431
IRS990/AccountsReceivableGrp/EOYAmt04676
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE AFFORDABLE HOUSING TO FAMILIES IN THE COMMUNITY.
IRS990/AdvertisingGrp/ProgramServicesAmt02537
IRS990/AdvertisingGrp/TotalAmt02537
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0WILLIAM RUSSELL
IRS990/BooksInCareOfDetail/PhoneNum09413616210
IRS990/BooksInCareOfDetail/USAddress/AddressLine10269 S OSPREY AVE STE 100
IRS990/BooksInCareOfDetail/USAddress/City0SARASOTA
IRS990/BooksInCareOfDetail/USAddress/State0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCode034236
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/EOYAmt0556683
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt06238
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0141
IRS990/CYOtherExpensesAmt0639103
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0595767
IRS990/CYRevenuesLessExpensesAmt0-36957
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0639103
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0602146
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt061941
IRS990/DeferredRevenueGrp/EOYAmt050280
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0227806
IRS990/DepreciationDepletionGrp/TotalAmt0227806
IRS990/Desc0THE ORGANIZATION PURCHASES BLIGHTED PROPERTIES AND REHABILITATES THESE PROPERTIES FOR THE BETTERMENT OF THE COMMUNITY.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0612383
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt07000
IRS990/FeesForServicesAccountingGrp/TotalAmt07000
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt02071
IRS990/FeesForServicesLegalGrp/TotalAmt02071
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt036399
IRS990/FeesForServicesManagementGrp/TotalAmt036399
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt08512
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt073339
IRS990/FeesForServicesOtherGrp/TotalAmt081851
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0JOHN A COLON
IRS990/Form990PartVIISectionAGrp/PersonNm1DAVID MORGAN
IRS990/Form990PartVIISectionAGrp/PersonNm2VALERIE BUCHAND
IRS990/Form990PartVIISectionAGrp/PersonNm3G DUANE FINGER
IRS990/Form990PartVIISectionAGrp/PersonNm4JOSEPH B MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm5INEZ HUNER
IRS990/Form990PartVIISectionAGrp/PersonNm6VEAVIE R DELAUGHTER
IRS990/Form990PartVIISectionAGrp/PersonNm7WILLIAM RUSSELL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7EXECUTIVE DI
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt06238
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0602146
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt09060
IRS990/InsuranceGrp/ProgramServicesAmt062477
IRS990/InsuranceGrp/TotalAmt071537
IRS990/InterestGrp/ProgramServicesAmt022844
IRS990/InterestGrp/TotalAmt022844
IRS990/InvestmentIncomeGrp/ExclusionAmt0141
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0141
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0435969
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011469293
IRS990/LandBldgEquipBasisNetGrp/EOYAmt010892424
IRS990/LandBldgEquipCostOrOtherBssAmt011328393
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE AFFORDABLE HOUSING TO FAMILIES IN THE COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0331696
IRS990/NetAssetsOrFundBalancesEOYAmt0294739
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt063416
IRS990/OccupancyGrp/TotalAmt063416
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt077
IRS990/OfficeExpensesGrp/TotalAmt077
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt019150
IRS990/OtherAssetsTotalGrp/EOYAmt029500
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1OTHER GENERAL EXPENSES
IRS990/OtherExpensesGrp/Desc2PAYMENTS IN LIEU OF TAXES
IRS990/OtherExpensesGrp/Desc3BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt048744
IRS990/OtherExpensesGrp/ProgramServicesAmt141645
IRS990/OtherExpensesGrp/ProgramServicesAmt231122
IRS990/OtherExpensesGrp/ProgramServicesAmt31359
IRS990/OtherExpensesGrp/TotalAmt048744
IRS990/OtherExpensesGrp/TotalAmt141645
IRS990/OtherExpensesGrp/TotalAmt231122
IRS990/OtherExpensesGrp/TotalAmt31359
IRS990/OtherLiabilitiesGrp/BOYAmt0909799
IRS990/OtherLiabilitiesGrp/EOYAmt0690388
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt051138
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt062783
IRS990/PrincipalOfficerNm0WILLIAM RUSSELL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0NET TENANT RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1TENANT REVENUE - OTHER
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0583684
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt112083
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0583684
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt112083
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0254707
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0133
IRS990/PYOtherExpensesAmt0355803
IRS990/PYProgramServiceRevenueAmt0128022
IRS990/PYRevenuesLessExpensesAmt027059
IRS990/PYTotalExpensesAmt0355803
IRS990/PYTotalRevenueAmt0382862
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-36957
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0595767
IRS990ScheduleA/CertificationInd0X
IRS990ScheduleA/Contribution35ControlledInd0false
IRS990ScheduleA/ContributionControllerInd0false
IRS990ScheduleA/ContributionFamilyInd0false
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0596001286
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc06
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10SARASOTA HOUSING AUTHORITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd0true
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt09318285
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0435969
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09754254
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01574139
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01574139
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0660888
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt129500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NONCURRENT LIABILITIES - OTHER
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2INTERPROGRAM DUE TO
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED COMPENSATED ABSENCES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SARASOTA HOUSING AUTHORITY (AUTHORITY) IS A GOVERNMENT AGENCY AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. IN ADDITION, PHASE 1 AND PHASE 2, BLENDED COMPONENT UNITS OF THE AUTHORITY, ARE ALL SINGLE MEMBER LIMITED LIABILITY COMPANIES THAT ARE DISREGARDED FOR INCOME TAX PURPOSES. SARASOTA HOUSING FUNDING CORPORATION (SHFC), ANOTHER BLENDED COMPONENT UNIT OF THE AUTHORITY, IS A TAX EXEMPT ENTITY. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS FOR THE AUTHORITY OR ITS BLENDED COMPONENT UNITS. THE AUTHORITY, ON BEHALF OF SHFC, ADOPTED THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION TOPIC 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING AND DISCLOSURE REQUIREMENTS FOR UNCERTAINTY IN TAX POSITIONS. MANAGEMENT REGULARLY REVIEWS AND ANALYZES ALL TAX POSITIONS AND HAS DETERMINED NO AGGRESSIVE TAX POSITIONS HAVE BEEN TAKE. IN GENERAL, SHFC'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY VARIOUS TAXING AUTHORITIES FOR THREE YEARS AFTER THEY WERE FILED. CURRENTLY, ALL OF SHFC'S FILINGS ARE SUBJECT TO EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010892424
IRS990ScheduleD/TotalLiabilityAmt0690388
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF FORM 990 IS PRESENTED TO THE BOARD FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OTHER FEES FOR SERVICES 0 8,512 0 OTHER FEES 68,389 0 0 BOOKKEEPING FEES 4,950 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10SARASOTA HOUSING AUTHORITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0596001286
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0170B1A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10269 S OSPREY AVE STE 100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0SARASOTA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode034236
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt011861012
IRS990/TotalAssetsEOYAmt011546066
IRS990/TotalAssetsGrp/BOYAmt011861012
IRS990/TotalAssetsGrp/EOYAmt011546066
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt06238
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt026720
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0612383
IRS990/TotalFunctionalExpensesGrp/TotalAmt0639103
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011529316
IRS990/TotalLiabilitiesEOYAmt011251327
IRS990/TotalLiabilitiesGrp/BOYAmt011529316
IRS990/TotalLiabilitiesGrp/EOYAmt011251327
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0331696
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0294739
IRS990/TotalProgramServiceExpensesAmt0612383
IRS990/TotalProgramServiceRevenueAmt0595767
IRS990/TotalRevenueGrp/ExclusionAmt0141
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0595767
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0602146
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011861012
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011546066
IRS990/TravelGrp/ProgramServicesAmt0695
IRS990/TravelGrp/TotalAmt0695
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0331696
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0294739
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt010530244
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt010504959
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10269 S OSPREY AVE STE 100
IRS990/USAddress/City0SARASOTA
IRS990/USAddress/State0FL
IRS990/USAddress/ZIPCode034236
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.SARASOTAHOUSING.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM RUSSELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09413616210
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-10-02
ReturnHeader/Filer/BusinessName/BusinessNameLine10SARASOTA HOUSING FUNDING CORP
ReturnHeader/Filer/BusinessNameControlTxt0SARA
ReturnHeader/Filer/EIN0800418699
ReturnHeader/Filer/PhoneNum09413616210
ReturnHeader/Filer/USAddress/AddressLine10269 S OSPREY AVE
ReturnHeader/Filer/USAddress/AddressLine20ROOM/SUITE 100
ReturnHeader/Filer/USAddress/City0SARASOTA
ReturnHeader/Filer/USAddress/State0FL
ReturnHeader/Filer/USAddress/ZIPCode034236
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0591152714
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10BERMAN HOPKINS WRIGHT LAHAM CPAS & ASSOC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine108035 SPYGLASS HILL RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0MELBOURNE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode032940
ReturnHeader/PreparerPersonGrp/PhoneNum03217572020
ReturnHeader/PreparerPersonGrp/PreparationDt02014-10-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN NEMEROFF
ReturnHeader/ReturnTs02014-10-14T09:17:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-04-01
ReturnHeader/TaxPeriodEndDt02014-03-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,546,066
Liabilities
$11,251,327
Net assets
$294,739
Revenue
$602,146
Expenses
$639,103
Net income
-$36,957
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.5$10.9$0.58$1.18$1.12$0.06
2024Summary only. Only limited summary data is available for this year.$11.6$11.0$0.52$1.12$1.03$0.08
2023Summary only. Only limited summary data is available for this year.$11.8$11.1$0.62$1.04$1.20$0.16
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.1$11.3$0.80$1.17$0.91$0.26
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.9$11.4$0.54$0.97$0.87$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.0$11.5$0.45$0.86$0.86$0.01
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$11.7$0.45$0.86$0.96$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.3$11.8$0.56$0.85$0.80$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.5$12.0$0.51$0.80$0.73$0.07
2016Detailed filing. Detailed filing data is available for this year.$12.5$12.0$0.44$0.69$0.58$0.12
2015Detailed filing. Detailed filing data is available for this year.$11.5$11.2$0.32$0.71$0.68$0.03
2014Detailed filing. Detailed filing data is available for this year.$11.5$11.3$0.29$0.60$0.64$0.04
2014Summary only. Only limited summary data is available for this year.$11.5$11.3$0.29$0.60$0.64$0.04
2013Summary only. Only limited summary data is available for this year.$11.9$11.5$0.33$0.38$0.36$0.03