Mid-Florida Housing Partnership Inc
- Assets
- $5.2m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 23
- Location
- Daytona Beach, FL
- Founding
- 05/1991
- Data as of
- 09/2023
- EIN
- 59-2997945
Organization Overview
Mid-Florida Housing Partnership Inc is located in Daytona Beach, FL. The organization was established in 1991. 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. As of 09/2023, Mid-Florida Housing Partnership Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-Florida Housing Partnership 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 09/2023, Mid-Florida Housing Partnership Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $1.1m during the year ending 09/2023. 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
MID-FLORIDA HOUSING PARTNERSHIP, INC. WAS INCORPORATED IN NOVEMBER 1989 AS A NOT-FOR-PROFIT CORPORATION, AND WAS GRANTED TAX EXEMPT STATUS UNDER SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION WAS CREATED TO EXPAND OPPORTUNITIES TO LOW AND MODERATE INCOME RESIDENTS TO OBTAIN ADEQUATE, AFFORDABLE HOUSING ACCOMMODATIONS AND TOWARDS RAISING THE ECONOMIC AND SOCIAL LEVELS OF THIS SEGMENT OF TH POPULATION THROUGH ITS VARIOUS PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHDO/HOME THE PARTNERSHIP PROVIDES LOW INCOME RENTALS TO ELIGIBLE HOUSEHOLDS AS WELL AS TO SPECIAL NEEDS CLIENTS. THE CHDO PREQUALIFICATION PROGRAM HELPS LOW INCOME FAMILIES PREQUALIFY TO BUY HOMES.
PALMETTO SERVICES TO PALMETTO HOUSE PROGRAM IS A TRANSITIONAL HOUSING FACILITY FOR HOMELESS FAMILIES AND INDIVIDUALS. SERVICES PROVIDED TO HOMELESS FAMILIES AND INDIVIDUALS ARE GEARED TO ASSIST THE HOMELESS WITH BECOMING SELF-SUFFICIENT. OTHER GRANT: VOLUSIA COUNTY FIRST TIME HOME BUYER PROGRAM WHICH INCLUDES EDUCATION CLASSES AND CREDIT COUNSLING. HUD COUNSLING GRANT: STATE OF FLORIDA-FORECLOSURE HARDEST HIT FUND, PRINCIPAL REDUCTION PROGRAM, AND FORECLOSURE PREVENTION PROGRAM. RENTAL PROGRAM: AS DISCRIBED IN THE MISSION STATEMENT, MID FLORIDA HOUSING PARTNERSHIP PROVIDES AFFORDABLE HOUSING IN THE VOLUSIA AND FLAGER COUNTIES AREAS. EACH PARTICIPANT MUST MEET A SET OF STANDARDS IN ORDER TO QUALIFY FOR THE RENTAL PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Aquino Director | Trustee | $0 | |
Debora Crane Directors | Trustee | $0 | |
Susan Darden Secretary | Trustee | $0 | |
Lucy Stewart Desmore Director | Trustee | $0 | |
Dr Aubrey Long Director | Trustee | $0 | |
Kimberlee Lundstorm Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $70,488 |
| All other contributions, gifts, grants, and similar amounts not included above | $96,701 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $167,189 |
| Total Program Service Revenue | $868,043 |
| 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 | $1,047,457 |
| 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 | $434,627 |
| Pension plan accruals and contributions | $16,607 |
| Other employee benefits | $46,591 |
| Payroll taxes | $33,887 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Travel | $5,555 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,243 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $170,014 |
| Insurance | $5,113 |
| All other expenses | $121,820 |
| Total functional expenses | $1,104,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $372,830 |
| Savings and temporary cash investments | $321,860 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,031 |
| 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 | $0 |
| Net Land, buildings, and equipment | $4,426,946 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,164 |
| Total assets | $5,162,831 |
| Accounts payable and accrued expenses | $35,492 |
| 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 | $80,788 |
| Total liabilities | $116,280 |
| Net assets without donor restrictions | $1,280,605 |
| Net assets with donor restrictions | $3,765,946 |
| 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 | $5,162,831 |