Florida Home Partnership Inc
- Assets
- $9.6m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 19
- Location
- Ruskin, FL
- Founding
- 06/1994
- Data as of
- 09/2023
- 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 09/2023, Florida Home Partnership Inc employed 19 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 09/2023, Florida Home Partnership Inc generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $2.1m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FLORIDA HOME PARTNERSHIP PROVIDES AFFORDABLE HOUSING OPPORTUNITIES FOR LOW TO MODERATE-INCOME HOUSEHOLDS PRIMARY THROUGH THE USDA MUTUAL SELF-HELP HOUSING PROGRAM AND THE FEDERAL HOME PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SELF-HELP HOUSING: FOR THE FISCAL YEAR ENDING SEPTEMBER 2023, FLORIDA HOME PARTNERSHIP PROVIDED FINANCIAL AND CREDIT COUNSELING, LOAN APPLICATION IN-TAKE AND LOAN PROCESSING SERVICES TO ASSIST USDA MUTUAL SELF-HELP HOUSING CLIENTS TO OBTAIN MORTGAGE FINANCING AND DOWN-PAYMENT ASSISTANCE TO PARTICIAPATE IN THE USDA MUTUAL SELF-HELP HOUSING PROGRAM AND ASSISTED 31 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.
THE ORGANIZATION 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.
DEVELOPMENT OF AFFORDABLE SINGLE-FAMILY HOMES UTILIZING FEDERAL HOME FUNDS TO FINANCE CONTRUCTION 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. ONE COMPLETED HOME WAS SOLD TO INCOME-ELIGIBLE HOMEBUYERS DURING THE FISCAL YEAR.
DEVELOPMENT OF 6 WORKFORCE HOMES FOR MODERATE INCOME HOUSEHOLDS. DID NOT SELL ANY HOMES DURING YEAR WHICH IS WHY THERE IS NOT ANY INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Isenbergh President | OfficerTrustee | 1.5 | $0 |
Paul Cliff Vice-President | OfficerTrustee | 1.5 | $0 |
Pablo Latoree Secretary | OfficerTrustee | 1.5 | $0 |
Walter Welker Treasurer | OfficerTrustee | 1.5 | $0 |
Daniel Blood Director | Trustee | 0.3 | $0 |
Peggy Cleason Director | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Qpc Inc Building Contractor | 9/29/23 | $202,632 |
84 Lumber Building Contractor | 9/29/23 | $114,540 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,972,593 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,128 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,973,721 |
| Total Program Service Revenue | $184,678 |
| Investment income | $189 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $150 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $263,748 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,448,730 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,262 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $474,772 |
| Compensation of current officers, directors, key employees. | $71,216 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $787,950 |
| Pension plan accruals and contributions | $63,350 |
| Other employee benefits | $6,121 |
| Payroll taxes | $211,405 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,783 |
| Fees for services: Accounting | $25,870 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $143,573 |
| Advertising and promotion | $6,705 |
| Office expenses | $125,633 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,012 |
| Travel | $22,584 |
| 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 | $23,700 |
| Insurance | $40,053 |
| All other expenses | $0 |
| Total functional expenses | $2,069,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,351 |
| Savings and temporary cash investments | $1,905,615 |
| Pledges and grants receivable | $590,861 |
| Accounts receivable, net | $167,094 |
| 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 | $4,437 |
| Net Land, buildings, and equipment | $53,628 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,749,364 |
| Total assets | $9,552,350 |
| Accounts payable and accrued expenses | $190,769 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $22,737 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,830,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $122,557 |
| Total liabilities | $2,166,063 |
| Net assets without donor restrictions | $5,288,964 |
| Net assets with donor restrictions | $2,097,323 |
| 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 | $9,552,350 |