Dunbar Improvement Association Inc

Organization Overview

Dunbar Improvement Association Inc, operating under the name Palm City Garden Apartments, is located in Fort Myers, FL. The organization was established in 1980. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2022, Palm City Garden Apartments employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palm City Garden 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 12/2022, Palm City Garden Apartments generated $948.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE ENTITY PROVIDES AFFORDABLE HOUSING AND SERVICES TO LOW-INCOME ELDERLY AND HANDICAPPED PERSONS THROUGH THE OWNERSHIP AND OPERATION OF APARTMENT BUILDINGS. IT OWNS AND MANAGES 100 PROJECT BASED SECTION 8 UNITS SUBJECT TO HUD REGULATIONS AND GUIDELINES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDES AFFORDABLE HOUSING AND SERVICES TO LOW-INCOME AND HANDICAPPED PERSONS THROUGH THE OWNERSHIP AND OPERATION OF APARTMENT BUILDINGS CONSISTING OF 100 PROJECT BASED SECTION 8 UNITS IN FORT MYERS, FL. THE AGENCY ENGAGED CONSULTANTS TO ASSIST WITH DEVELOPING PLANS AND PROCURING FUNDING, BOTH DEBT RESTRUCTURE AND GRANTS, TO PERFORM A MAJOR RENOVATION OF THE 100 UNIT DEVELOPMENT. THE AGENCY WAS AWARDED SHIP GRANTS IN 2017, 2018, 2019, 2020 AND 2021. RESTRUCTURE OF THE LONG-TERM DEBT AND THE PROCUREMENT OF ADDITIONAL FUNDING WAS ACCOMPLISHED IN 2018. THE MAJOR RENOVATION WAS COMPLETED DECEMBER 2019. THE AGENCY CONTINUED RENOVATION OF OTHER AREAS OF DEVELOPMENT IN 2021 AND 2022.


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Board, Officers & Key Employees

Name (title)Compensation
Audrea Anderson
Director/president
$0
Melvin Morgan
Director
$0
Nancy Sims
Director/treasurer
$0
Mattie Young
Director/secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
City Of Palms Lawn Maintenance Serv
Contractor - Lawn Services And General Maintenance
$206,650
K & C Welding And Ornament Inc
Maintenance And Repairs
$198,971
Yaro Maintenance & Remodeling Inc
Maintenance And Repairs; Remodeling
$100,630
View All Vendors

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$947,989
Investment income $455
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 $948,889

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