Assistance Unlimited Real Estate Holdings Corp
- Assets
- $9.0m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Lauderdale Lakes, FL
- Founding
- 09/2014
- Data as of
- 06/2016
- EIN
- 46-1091426
Organization Overview
Assistance Unlimited Real Estate Holdings Corp is located in Lauderdale Lakes, FL. The organization was established in 2014. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Assistance Unlimited Real Estate Holdings Corp 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 06/2016, Assistance Unlimited Real Estate Holdings Corp generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 26.8% each year . All expenses for the organization totaled $1.3m during the year ending 06/2016. While expenses have increased by 31.1% per year over the past 2 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
ASSISTANCE UNLIMITED REAL ESTATE HOLDING CORP'S PURPOSE IS TO HOLD CAPITAL ASSETS ALONG WITH SERVICING THE DEBT IN SUPPORT OF CHARTER SCHOOL OPERATIONS THAT ASSISTANCE UNLIMITED, INC., PROVIDES TO THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OPERATIONS OF THIS ENTITY INCLUDE OPERATING A FACILITY IN SUPPORT OF A PUBLIC CHARTER SCHOOL. THE ORGANIZATION ALSO HOLDS TITLE TO THE PROPERTY AND THE RELATED DEBT. RENT IS RECEIVED TO FUND THE DEBT SERVICE AS WELL AS PROVIDE RESERVES FOR FUTURE REPAIRS AND MAINTENANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Winnifred Mcpherson Treasurer | Trustee | 0 | $0 |
Ann Miller Secretary | Trustee | 0 | $0 |
Gene Lawson President | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,496,364 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $398,720 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $90,242 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,311 |
| Advertising and promotion | $0 |
| Office expenses | $16,577 |
| Information technology | $69,463 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $210,457 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $190,602 |
| Insurance | $70,800 |
| All other expenses | $0 |
| Total functional expenses | $1,323,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,452 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,447 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $111,814 |
| Other assets | $204,945 |
| Total assets | $9,041,618 |
| Accounts payable and accrued expenses | $44,786 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $7,655,094 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,699,880 |
| Net assets without donor restrictions | $1,341,738 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,341,738 |
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|---|---|---|
Chris-Tex Inc Cantonment, FL | $1,355,088,356 | $60,967,322 |
University Of Florida Investment Corporation Gainesville, FL | $5,168,985 | $5,707,826 |
Higher Education Library Information Network Helin Inc Cape Coral, FL | $798,784 | $4,241,914 |
Emeriti Consortium For Retirement Health Solutions Miami, FL | $2,489,116 | $2,751,255 |
Georgia Leadership Institute For School Improvement Inc Duluth, GA | $3,684,980 | $2,207,807 |
Tampa Bay Library Consortium Inc Tampa, FL | $1,260,939 | $1,733,050 |
Career And Technical Education Consortium Of States Inc Decatur, GA | $4,025,565 | $2,047,533 |
Teacher Prep Inspection-Us Inc Sarasota, FL | $217,460 | $1,290,367 |
Assistance Unlimited Real Estate Holdings Corp Lauderdale Lakes, FL | $9,041,618 | $1,496,364 |
Alliance Education Services Incorporated Palm Harbor, FL | $6,531,028 | $2,985,584 |
Auburn University Real Estate Foundation Inc Auburn, AL | $9,739,836 | $4,197,642 |
Georgia Education Technology Consortium Inc Greensboro, GA | $728,570 | $724,233 |