Owl Tallahassee Housing Inc
- Assets
- $26.3m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 02/2000
- Data as of
- 06/2017
- EIN
- 58-2492541
Organization Overview
Owl Tallahassee Housing Inc is located in Boston, MA. The organization was established in 2000. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Owl Tallahassee Housing 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 06/2017, Owl Tallahassee Housing Inc generated $6.4m in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $8.1m during the year ending 06/2017. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 2 years. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES. THE ORGANIZATION OWNS 758 UNITS OF RENTAL HOUSING. 25% OF THE UNITS RENTED ARE TO HOUSEHOLDS BELOW 50% OF THE AREA MEDIAN INCOME AND ANOTHER 51% ARE RENTED TO HOUSEHOLDS WITH LESS THAN 80% OF AREA MEDIAN INCOME.
PROVIDING AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES. THE ORGANIZATION OWNS 758 UNITS OF RENTAL HOUSING. 25% OF THE UNITS RENTED ARE TO HOUSEHOLDS BELOW 50% OF THE AREA MEDIAN INCOME AND ANOTHER 51% ARE RENTED TO HOUSEHOLDS WITH LESS THAN 80% OF AREA MEDIAN INCOME.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel J Dubbin Officer/president | OfficerTrustee | 1 | $0 |
Daniel J Zailskas Officer/treasurer | OfficerTrustee | 1 | $0 |
Matthew D Thomas Officer/sec. & Treas. | OfficerTrustee | 1 | $0 |
Samuel J Dubbin Officer/president | OfficerTrustee | 1 | $0 |
Daniel J Zailskas Officer/treasurer | OfficerTrustee | 1 | $0 |
Matthew D Thomas Officer/sec. & Treas. | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $6,430,903 |
| 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 | $6,430,903 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $285,974 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $605,283 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,600,710 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,390,689 |
| Insurance | $289,013 |
| All other expenses | $0 |
| Total functional expenses | $8,113,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $293,404 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $857 |
| 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 | $220,574 |
| Net Land, buildings, and equipment | $25,517,696 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $290,415 |
| Total assets | $26,322,946 |
| Accounts payable and accrued expenses | $9,617,159 |
| Grants payable | $0 |
| Deferred revenue | $46,034 |
| 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 | $40,581,871 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $104,763 |
| Total liabilities | $50,349,827 |
| Unrestricted restricted net Assets | -$24,026,881 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | -$24,026,881 |