Air Force Enlisted Village Inc
- Assets
- $68.4m
- Revenue
- $18.7m
- Investments
- $0.0
- Employees
- 171
- Location
- Shalimar, FL
- Founding
- 04/1999
- Data as of
- 06/2024
- EIN
- 23-7078212
Organization Overview
Air Force Enlisted Village Inc is located in Shalimar, FL. The organization was established in 1999. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 06/2024, Air Force Enlisted Village Inc employed 171 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Air Force Enlisted Village Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Air Force Enlisted Village Inc generated $18.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $15.8m during the year ending 06/2024. While expenses have increased by 5.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
DIRECT SUPPORT OF SPOUSES (WIDOW, WIDOWER) WHICH INCLUDES RENT, MAINTENANCE, OR EXPENSES ASSOCIATED WITH RELOCATING TO AN AFAF AFFILIATED HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES HOUSING FOR APPROXIMATELY 500 SURVIVING SPOUSES AND RETIRED AIR FORCE ENLISTED PERSONNEL OVER 55 YEARS OF AGE. THE PROGRAM INCLUDES A SUBSIDY FOR RENTAL FEES FOR QUALIFIED RESIDENTS.
THE FOUNDATION OVERSEES THE ADMINISTRATION OF THE FOUNDATION'S HOUSING UNITS, WHICH PROVIDE HOUSING FOR INDIGENT WIDOW/WIDOWERS OF RETIRED AIR FORCE PERSONNEL.
THE FOUNDATION ALSO PROVIDES PERSONAL SERVICES FOR RESIDENTS SUCH AS MEDICAL SUPPLIES AND MEDICATIONS, TRANSPORTATION, SOCIAL ACTIVITIES, I.E. DINNERS, PICNICS, ARTS & CRAFTS, AND EXERCISE CLASSES FOR THE FOUNDATION'S RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Markin Immediate Past Chair | Trustee | 1 | $0 |
Todd Simmons Vice Chairman | OfficerTrustee | 1 | $0 |
Alexia Brown Secretary/treasurer | OfficerTrustee | 1 | $0 |
David Flosi Military Liasion | Trustee | 1 | $0 |
John Bentivegna Military Liasion | Trustee | 1 | $0 |
Kerry Wright Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dl3 Construction Llc Construction | 6/29/23 | $484,576 |
Specialty Roofers Inc Construction | 6/29/23 | $272,162 |
Noelker & Hull Associates Inc Construction | 6/29/23 | $228,738 |
Simpler Carpet & Tile Inc Construction | 6/29/23 | $212,113 |
Green Earth Landscape | 6/29/23 | $195,207 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $117,701 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,237,701 |
| Noncash contributions included in lines 1a–1f | $4,356 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,355,402 |
| Total Program Service Revenue | $12,763,187 |
| Investment income | $447,573 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $112,301 |
| Net Income from Fundraising Events | -$26,289 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,652,174 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $571,609 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $556,517 |
| Compensation of current officers, directors, key employees. | $165,960 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,502,797 |
| Pension plan accruals and contributions | $79,189 |
| Other employee benefits | $460,309 |
| Payroll taxes | $341,397 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,763 |
| Fees for services: Accounting | $49,663 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,013 |
| Fees for services: Other | $0 |
| Advertising and promotion | $185,277 |
| Office expenses | $476,247 |
| Information technology | $177,010 |
| Royalties | $0 |
| Occupancy | $502,991 |
| Travel | $134,934 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,509 |
| Interest | $1,524,673 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,659,408 |
| Insurance | $772,829 |
| All other expenses | $344,329 |
| Total functional expenses | $15,764,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $617,266 |
| Savings and temporary cash investments | $3,140,219 |
| Pledges and grants receivable | $467,685 |
| Accounts receivable, net | $58,576 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,109 |
| Prepaid expenses and deferred charges | $661,346 |
| Net Land, buildings, and equipment | $48,108,229 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $6,683,807 |
| Intangible assets | $0 |
| Other assets | $8,640,394 |
| Total assets | $68,398,631 |
| Accounts payable and accrued expenses | $898,317 |
| Grants payable | $0 |
| Deferred revenue | $96,951 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $36,376,721 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,335,490 |
| Total liabilities | $38,707,479 |
| Net assets without donor restrictions | $26,746,151 |
| Net assets with donor restrictions | $2,945,001 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $68,398,631 |