Florida Home Partnership Inc
- Assets
- $9.2m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 17
- Location
- Ruskin, FL
- Founding
- 06/1994
- Data as of
- 09/2021
- EIN
- 59-3211393
Organization Overview
Florida Home Partnership Inc is located in Ruskin, FL. The organization was established in 1994. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 09/2021, Florida Home Partnership Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Home 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 09/2021, Florida Home Partnership Inc generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $2.2m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 6 years. 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
FLORIDA HOME PARTNERSHIP PROVIDES AFFORDABLE HOUSING OPPORTUNITIES FOR LOW TO MODERATE-INCOME HOUSEHOLDS PRIMARILY THROUGH THE USDA MUTUAL SELF-HELP HOUSING PROGRAM AND THE FEDERAL HOME PROGRAM. THE AGENCY ALSO MANAGES 13 RENTAL UNITS FOR LOW-INCOME HOUSEHOLDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SELF-HELP HOUSING: FOR THE FISCAL YEAR ENDING SEPTEMBER 2021, FLORIDA HOME PARTNERSHIP PROVIDED FINANCIAL AND CREDIT COUNSELING, LOAN APPLICATION INTAKE AND LOAN PROCESSING SERVICES TO ASSIST USDA MUTUAL SELF-HELP HOUSING CLIENTS TO OBTAIN MORTGAGE FINANCING AND DOWNPAYMENT ASSISTANCE TO PARTICIPATE IN THE USDA MUTUAL SELF-HELP HOUSING PROGRAM AND ASSISTED 23 FAMILIES TO ACQUIRE BUILDING LOTS AND GUIDE THE FAMILIES THROUGH THE PROCESS OF CONSTRUCTING THEIR OWN HOMES THROUGH THE USDA MUTUAL SELF-HELP HOUSING PROGRAM.
DEVELOPMENT OF AFFORDABLE SINGLE-FAMILY HOMES UTILIZING FEDERAL HOME FUNDS TO FINANCE CONSTRUCTION COSTS TO OFFER AFFORDABLE HOUSING OPPORTUNITIES TO LOW AND MODERATE-INCOME HOUSEHOLDS. ASSIST POTENTIAL HOMEBUYERS WITH OBTAINING MORTGAGE FINANCING AND DETERMINE ELIGIBILITY FOR DOWN PAYMENT ASSISTANCE FROM GOVERNMENTAL FUNDING PROGRAMS. FIVE COMPLETED HOMES WERE SOLD TO INCOME-ELIGIBLE HOMEBUYERS DURING THE FISCAL YEAR.
RENTAL HOUSING: THE ORGANIZATION ALSO RECEIVED RENT AND RELATED REVENUES AND INCURRED EXPENSES ASSOCIATED WITH 13 AFFORDABLE RENTAL HOUSING UNITS.
THE ORGANIZATION CONSTRUCTED 3 NON-INCOME RESTRICTED SINGLE-FAMILY HOMES FOR HOMEOWNERSHIP AND BUILT ONE HOME FOR PROPERTY OWNER ON THEIR OWN LOT AND SOLD A MODEL SALES CENTER TO A NEW EN-BUYER. ORGANIZATION ALSO RECEIVED REVENUES FROM LOT SALES AND ACCOUNTED FOR THE COST OF GOODS SOLD FOR DEVELOPED PROPERTY ACQUIRED BY THE USDA SELF-HELP PROGRAM PARTICIPANTS AND INCURRED GENERAL ADMINISTRATIVE EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Morina Executive Director | Officer | 40 | $146,264 |
David Snyder Chief Financial Officer | Officer | 40 | $140,461 |
Eric Isenbergh President | OfficerTrustee | 1.5 | $0 |
Sandy Council Secretary | OfficerTrustee | 1.5 | $0 |
Paul Cliff Vice-President | OfficerTrustee | 1.5 | $0 |
Daniel Blood Treasurer | OfficerTrustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ap Civil Solutions Llc Building Contractor | 9/29/21 | $119,555 |
Qpc Inc Building Contractor | 9/29/21 | $133,993 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,032,868 |
| 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 | $2,032,868 |
| Total Program Service Revenue | $361,508 |
| Investment income | $381 |
| 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 | -$119,027 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,356,996 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $200,002 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $286,725 |
| Compensation of current officers, directors, key employees. | $85,883 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $935,059 |
| Pension plan accruals and contributions | $59,061 |
| Other employee benefits | $33,996 |
| Payroll taxes | $103,822 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,431 |
| Fees for services: Accounting | $24,951 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $179,738 |
| Advertising and promotion | $6,321 |
| Office expenses | $145,869 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,353 |
| Travel | $13,212 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $92,271 |
| Insurance | $43,214 |
| All other expenses | $29,338 |
| Total functional expenses | $2,193,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,259 |
| Savings and temporary cash investments | $2,288,281 |
| Pledges and grants receivable | $626,138 |
| Accounts receivable, net | $162,947 |
| 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 | $11,934 |
| Net Land, buildings, and equipment | $991,324 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,996,189 |
| Total assets | $9,193,072 |
| Accounts payable and accrued expenses | $139,447 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $37,516 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,289,443 |
| Unsecured mortgages and notes payable | $244,200 |
| Other liabilities | $0 |
| Total liabilities | $2,710,606 |
| Net assets without donor restrictions | $4,908,293 |
| Net assets with donor restrictions | $1,574,173 |
| 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 | $9,193,072 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Florida Home Partnership Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Tampa Bay Inc Tampa, FL PURPOSE: SUPPORT OF MISSION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Andrews Residence Of The Diocese Of Southeast Florida Inc West Palm Beach, FL | $295,539 | $24,065,641 |
Lavender Mountain Senior Living Inc Mount Berry, GA | $141,195,331 | $5,176,789 |
Westminster Pines Inc Orlando, FL | $103,132,021 | $15,458,662 |
Skidaway Health And Living Services Inc Savannah, GA | $89,340,251 | $17,567,308 |
Palm Shores Retirement Community Inc Orlando, FL | $37,421,751 | $16,521,390 |
St George Village-Catholic Community Retirement Center Roswell, GA | $71,436,640 | $13,654,810 |
Wesley Homes Inc Atlanta, GA | $20,385,914 | $13,715,520 |
Tampa Life Plan Village Inc Tampa, FL | $57,175,002 | $4,514,952 |
Jewish Home Life Communities Inc Atlanta, GA | $30,539,364 | $15,353,434 |
Presbyterian Retirement Homes Of Birmingham Inc Birmingham, AL | $21,717,222 | $12,145,816 |
Senior Living Foundation Inc Perimeter 400 Center Dunwoody, GA | $12,804,149 | $11,238,892 |
University Plaza Rehabilitation And Nursing Center Inc N Miami Beach, FL | $4,092,400 | $13,157,641 |