Nature Coast Affordable Housing Corp
- Assets
- $1.9m
- Revenue
- $232.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Beverly Hills, FL
- Founding
- 10/2003
- Data as of
- 12/2021
- EIN
- 58-2670492
Organization Overview
Nature Coast Affordable Housing Corp is located in Beverly Hills, FL. The organization was established in 2003. 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. Nature Coast Affordable Housing 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 12/2021, Nature Coast Affordable Housing Corp generated $232.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $145.8k during the year ending 12/2021. While expenses have increased by 0.3% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MAIN MISSIONS ARE SUPPORTING THE CLUBHOUSE LEASED GRATIS TO THE BOYS AND GIRLS CLUBS OF CITRUS COUNTY (A 501(C)3 ORGANIZATION) AND PROVIDING NEWLY CONSTRUCTED AFFORDABLE HOUSING FOR LOW INCOME FAMILIES WITH CONTRIBUTIONS FROM SWEAT EQUITY AND VOLUNTEERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
+ OF CITRUS COUNTY (BGCCC) AS DESCRIBED AS A LONG-TERM GOAL IN THE 2003 APPLICATION SEEKING THE ORGANIZATION'S 501C(3) STATUS. UNDER A 99 YEAR GRATIS LEASE, THE BGCCC OPERATES THE CLUBHOUSE TO PROVIDE LOW-INCOME FAMILIES BEFORE AND AFTER SCHOOL ENRICHMENT PROGRAMS AND SUMMER DAY CAMP PROGRAMS. THE ORGANIZATION CONTINUES TO HELP WITH REPAIRS AND MAINTENANCE TO THE CLUBHOUSE AND WITH FUNDING OF SPECIAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harvey Gerber President | Officer | 28 | $0 |
Tammy Diaz Treasurer/secretary | Officer | 1 | $0 |
Ernest G Rusaw Director | Trustee | 1 | $0 |
Barry Cook Director | Trustee | 1 | $0 |
Fred Clark Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,650 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $191,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $194,400 |
| Total Program Service Revenue | $38,127 |
| 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 | $232,527 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $98 |
| Office expenses | $1,520 |
| Information technology | $0 |
| 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 | $25,128 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,776 |
| Insurance | $4,145 |
| All other expenses | $96,954 |
| Total functional expenses | $145,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $324,660 |
| 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 | $667,413 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $362,828 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $580,021 |
| Total assets | $1,934,922 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $271,733 |
| Other liabilities | $381,394 |
| Total liabilities | $653,127 |
| Net assets without donor restrictions | $1,281,795 |
| 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 | $1,934,922 |
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