Cordova Community Facilities Corp
- Assets
- $0.0
- Revenue
- $34.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Destin, FL
- Founding
- Data as of
- 09/2018
- EIN
- 59-3362279
Organization Overview
Cordova Community Facilities Corp is located in Destin, FL. Cordova Community Facilities Corp 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 09/2018, Cordova Community Facilities Corp generated $34.0m in total revenue. All expenses for the organization totaled $3.8m during the year ending 09/2018.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION SHALL PROVIDE HOUSING OPPORTUNITIES TO THOSE FAMILIES OF LOW AND MODEST FINANCIAL MEANS AND SHALL STRIVE TO PROMOTE SELF-RESPECT AND SELF-RELIANCE AMONG ITS RESIDENTS WHILE MAINTAINING THE INTEGRITY OF THE PROPERTIES AND THE FINANCIAL GOALS ESTABLISHED BY THE BOARD OF DIRECTORS. THIS MISSION SHALL BE ACCOMPLISHED THROUGH COMPETENT, PROFESSIONAL MANAGEMENT, ACTIVE PARTICIPATION BY THE BOARD OF DIRECTORS, THE RESIDENTS AND THE COMMUNITY, ALL WORKING TOGETHER TO CARE FOR THE PROPERTY AND EACH OTHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREEKSIDE HOUSING PROJECT- PROVIDE AND MAINTAIN LOW COST AFFORDABLE HOUSING TO 255 LOW TO MODERATE INCOME FAMILIES AND INDIVIDUALS.
BEAUCLERC HOUSING PROJECT- PROVIDE AND MAINTAIN LOW COST AFFORDABLE HOUSING TO 291 LOW TO MODERATE INCOME FAMILIES AND INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin N Pearce President | OfficerTrustee | 2 | $0 |
Laura B Wright Secretary/treasurer | OfficerTrustee | 2 | $4,075 |
Cynthia Wilcox Director | Trustee | 0.5 | $400 |
Bob Cole Director | Trustee | 2 | $0 |
Rebecca Freeman Vice President | OfficerTrustee | 2 | $0 |
Veneta Finley Director | Trustee | 0.5 | $0 |
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 | $10,515 |
| Noncash contributions included in lines 1a–1f | $10,515 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,515 |
| Total Program Service Revenue | $1,482,680 |
| Investment income | $23,629 |
| 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 | $33,989,266 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $68,373 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $62,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $383,198 |
| Advertising and promotion | $4,853 |
| Office expenses | $38,839 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $298,190 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,383,156 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $301,898 |
| Insurance | $115,510 |
| All other expenses | $27,320 |
| Total functional expenses | $3,792,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |