Ability Housing Inc
- Assets
- $41.3m
- Revenue
- $8.5m
- Investments
- $1.7m
- Employees
- 28
- Location
- Jacksonville, FL
- Founding
- 08/1992
- Data as of
- 12/2023
- EIN
- 59-3087085
Organization Overview
Ability Housing Inc is located in Jacksonville, FL. The organization was established in 1992. According to its NTEE Classification (E50) the organization is classified as: Rehabilitative Care, under the broad grouping of Health Care and related organizations. As of 12/2023, Ability Housing Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ability 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 12/2023, Ability Housing Inc generated $8.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $8.2m during the year ending 12/2023. While expenses have increased by 11.1% per year over the past 8 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
THE MISSION OF ABILITY HOUSING IS TO BUILD FLOURISHING COMMUNITIES WHERE EVERYONE HAS A HOME. ITS VISION IS A SOCIETY WHERE HOUSING IS A RIGHT, NOT A PRIVILEGE; AND ALL INDIVIDUALS HAVE SAFE, AFFORDABLE HOUSING IN VIBRANT COMMUNITIES. IT WORKS TO ACHIEVE THIS VISION BY DEVELOPING AND OPERATING QUALITY AFFORDABLE RENTAL AND SUPPORTIVE HOUSING AND OFFERING INDIVIDUALIZED SUPPORT SERVICES TO ALL RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASA IS A UNIQUE AND AWARD-WINNING SCATTERED SITE RENTAL PROGRAM THAT CONSISTS OF 16 SINGLE-FAMILY AND ATTACHED HOMES DISPERSED THROUGHOUT DUVAL COUNTY. CASA PROVIDES AFFORDABLE HOUSING TO EXTREMELY LOW-INCOME PERSONS WITH A DISABILITY, MANY OF WHOM HAD EXPERIENCED HOMELESSNESS. CASA IMPLEMENTS A SHARED-HOUSING MODEL SO RESIDENTS CAN LIVE INDEPENDENTLY IN THE COMMUNITY WITH A ROOMMATE. THE AVERAGE RESIDENT INCOME IS APPROXIMATELY $17,077. OUTCOME: 16 HOMES PROVIDED TO 45 ADULTS WITH A DISABILITY.
THE VILLAGES PROGRAM IS THE DEVELOPMENT AND OPERATION OF QUALITY MULTI-FAMILY RENTAL PROPERTIES THAT PROVIDE HOUSING AFFORDABLE TO LOW-, VERY LOW- AND EXTREMELY LOW-INCOME INDIVIDUALS AND FAMILIES; SOME OF WHOM WERE HOMELESS PRIOR TO ENTERING THE HOUSING. THE VILLAGES PROGRAM IS OPERATED TO FOSTER THE RESILIENCY AND MOBILITY OF ALL RESIDENTS. INDIVIDUALIZED SUPPORT SERVICES ARE OFFERED TO ALL RESIDENTS. FOR RESIDENTS THAT REQUIRE MORE INTENSIVE SERVICES, PERMANENT SUPPORTIVE HOUSING CASE MANAGEMENT AND PEER SUPPORTS ARE PROVIDED. THE VILLAGES PROGRAM PROVIDES 665 UNITS OF QUALITY AFFORDABLE HOUSING AT SEVEN PROPERTIES IN DUVAL COUNTY, TWO PROPERTIES IN ORANGE COUNTY, AND ONE PROPERTY IN OSCEOLA.WE INCORPORATE THE CORPORATION FOR SUPPORTIVE HOUSING'S SEVEN DIMENSIONS OF QUALITY FOR SUPPORTIVE HOUSING WHICH PROMOTES HIGH QUALITY HOUSING AND RESPONSIVE AND ACCOUNTABLE MANAGEMENT WHILE BUILDING RESIDENT LEADERSHIP AND SELF-SUFFICIENCY. IN 2023, ABILITY HOUSING RECEIVED THE CORPORATION OF SUPPORTIVE HOUSING'S DIMENSIONS OF QUALITY GOLD CERTIFICATION (THE HIGHEST CERTIFICATION FROM A NATIONAL LEADER IN BEST PRACTICES FOR SUPPORTIVE HOUSING). WE ARE THE ONLY ORGANIZATION IN FLORIDA TO RECEIVE THIS CERTIFICATION. THE AVERAGE RESIDENT INCOME IS APPROXIMATELY $15,066. OUTCOME: 626 APARTMENTS PROVIDING QUALITY HOUSING AFFORDABLE TO 1,639 LOW-INCOME PEOPLE.
HOUSINGLINK IS A PERMANENT SUPPORTIVE HOUSING PROGRAM THAT MASTER LEASES APARTMENTS THROUGHOUT NORTHEAST FLORIDA SO FORMERLY CHRONICALLY HOMELESS INDIVIDUALS AND FAMILIES CAN EXIT HOMELESSNESS. HOUSINGLINK PROVIDES RENTAL ASSISTANCE AND VOLUNTARY, INDIVIDUALIZED CASE MANAGEMENT AND PEER SUPPORTS SO ALL RESIDENTS CAN MAINTAIN STABLE HOUSING AND INCREASE THEIR SELF-SUFFICIENCY. THE AVERAGE RESIDENT INCOME IS APPROXIMATELY $7,959. OUTCOME: 117 FORMERLY CHRONICALLY HOMELESS HOUSEHOLDS PROVIDED PERMANENT SUPPORTIVE HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Matovina Director | OfficerTrustee | 5 | $0 |
Michael Griffin Chairman | OfficerTrustee | 5 | $0 |
Jake Peek Director | OfficerTrustee | 5 | $0 |
Cerita Battles Director | Trustee | 5 | $0 |
Davis Mccarty Director | Trustee | 5 | $0 |
Shannon Nazworth President & Treasurer | OfficerTrustee | 40 | $206,492 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elbert Norman Brady Architects Architect | 12/30/16 | $365,796 |
Landsouth Construction Construction Co | 12/30/16 | $200,475 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,510,161 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,149,543 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,659,704 |
| Total Program Service Revenue | $3,031,335 |
| Investment income | $328,759 |
| 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 | $8,470,374 |
| 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. | $206,492 |
| Compensation of current officers, directors, key employees. | $23,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,813,708 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $128,743 |
| Payroll taxes | $154,822 |
| 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 | $282,535 |
| Advertising and promotion | $0 |
| Office expenses | $210,308 |
| 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 | $149,557 |
| Interest | $273,949 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $721,265 |
| Insurance | $420,436 |
| All other expenses | $247,321 |
| Total functional expenses | $8,235,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,302,407 |
| Savings and temporary cash investments | $105,537 |
| Pledges and grants receivable | $492,636 |
| Accounts receivable, net | $2,097,209 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,656,278 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $388,890 |
| Net Land, buildings, and equipment | $21,298,373 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,659,253 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,269,500 |
| Total assets | $41,270,083 |
| Accounts payable and accrued expenses | $2,009,687 |
| Grants payable | $0 |
| Deferred revenue | $3,607,681 |
| 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 | $23,710,446 |
| Total liabilities | $29,327,814 |
| Net assets without donor restrictions | $11,942,269 |
| 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 | $41,270,083 |