Senior Citizens Housing Development Fund Corporation Of Steuben County
- Assets
- $3.7m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 7
- Location
- Plantation, FL
- Founding
- 06/1980
- Data as of
- 03/2024
- EIN
- 52-1150864
Organization Overview
Senior Citizens Housing Development Fund Corporation Of Steuben County, operating under the name Clyde F Simon Lakeview Apartments, is located in Plantation, FL. The organization was established in 1980. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 03/2024, Clyde F Simon Lakeview Apartments employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clyde F Simon Lakeview Apartments 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 03/2024, Clyde F Simon Lakeview Apartments generated $1.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.7m during the year ending 03/2024. While expenses have increased by 2.8% 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
OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED. REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED. REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melanie Ribeiro Director/vp | Officer | 0.7 | $0 |
John Olsen Treasurer | OfficerTrustee | 0.1 | $0 |
Maria Cordone Secretary | OfficerTrustee | 0.3 | $0 |
Tony Fransetta Director | Trustee | 0.1 | $0 |
Zack Housworth Vp/director | OfficerTrustee | 0.4 | $0 |
Carolyn Johnson Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,051 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,051 |
| Total Program Service Revenue | $1,669,875 |
| Investment income | $8,476 |
| 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 | $1,692,476 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $294,659 |
| Pension plan accruals and contributions | $71,409 |
| Other employee benefits | $123,504 |
| Payroll taxes | $22,332 |
| Fees for services: Management | $123,044 |
| Fees for services: Legal | $4,191 |
| Fees for services: Accounting | $42,078 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $197,391 |
| Advertising and promotion | $11,918 |
| Office expenses | $41,513 |
| Information technology | $21,135 |
| Royalties | $0 |
| Occupancy | $503,177 |
| Travel | $1,380 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,970 |
| Interest | $10,862 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $240,202 |
| Insurance | $10,394 |
| All other expenses | $165 |
| Total functional expenses | $1,723,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,210 |
| Savings and temporary cash investments | $687,772 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,047 |
| 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 | $28,688 |
| Net Land, buildings, and equipment | $2,778,960 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,338 |
| Total assets | $3,677,015 |
| Accounts payable and accrued expenses | $103,653 |
| Grants payable | $0 |
| Deferred revenue | $2,458 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $54,364 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,860,054 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $316,785 |
| Total liabilities | $6,337,314 |
| Net assets without donor restrictions | -$2,660,299 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,677,015 |