Duvall Homes Inc
- Assets
- $9.8m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 91
- Location
- Deland, FL
- Founding
- 01/1968
- Data as of
- 06/2023
- EIN
- 59-1159090
Organization Overview
Duvall Homes Inc is located in Deland, FL. The organization was established in 1968. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2023, Duvall Homes Inc employed 91 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Duvall Homes 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 06/2023, Duvall Homes Inc generated $8.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $7.1m during the year ending 06/2023. While expenses have increased by 0.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF RESIDENTIAL FACILITIES FOR ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOTAL ACTIVITY CONSISTS OF OPERATING RESIDENTIAL FACILITIES FOR ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chair | Trustee | 2 | $0 |
Michael Ugarte Vice Chair | Trustee | 2 | $0 |
Eveline Kraljic Secretary | Trustee | 2 | $0 |
Velma Lowe Board | Trustee | 2 | $0 |
Charles Kron Board | Trustee | 2 | $0 |
Randy Marshall Board | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $948,647 |
| All other contributions, gifts, grants, and similar amounts not included above | $638,431 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,587,078 |
| Total Program Service Revenue | $5,144,437 |
| Investment income | $46,657 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,163,613 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,952,275 |
| 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. | $544,593 |
| Compensation of current officers, directors, key employees. | $249,646 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,872,918 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $551,123 |
| Payroll taxes | $324,920 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,990 |
| 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 | $11,415 |
| Office expenses | $192,091 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $592,216 |
| Travel | $51,620 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $58,033 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $250,751 |
| Insurance | $233,907 |
| All other expenses | $15,163 |
| Total functional expenses | $7,125,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,650 |
| Savings and temporary cash investments | $1,223,664 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $275,880 |
| 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 | $84,611 |
| Net Land, buildings, and equipment | $3,574,700 |
| Investments—publicly traded securities | $1,401,968 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,191,558 |
| Total assets | $9,822,031 |
| Accounts payable and accrued expenses | $394,265 |
| 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 | $0 |
| Other liabilities | $1,158,316 |
| Total liabilities | $1,552,581 |
| Net assets without donor restrictions | $5,636,661 |
| Net assets with donor restrictions | $2,632,789 |
| 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 | $9,822,031 |