Florence Villa Community Development Corporation
- Assets
- $2.4m
- Revenue
- $191.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Winter Haven, FL
- Founding
- 04/1997
- Data as of
- 06/2022
- EIN
- 59-3378972
Organization Overview
Florence Villa Community Development Corporation, operating under the name Florence Villa Cdc, is located in Winter Haven, FL. The organization was established in 1997. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 06/2022, Florence Villa Cdc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florence Villa Cdc 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 06/2022, Florence Villa Cdc generated $191.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $279.8k during the year ending 06/2022. While expenses have increased by 8.7% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FVCDC PROVIDES YOUTH & BUSINESS DEVELOPMENT PROGRAMS, PROVIDE AN AFTER SCHOOL INTENSIVE YOUTH DEVELOPMENT PROGRAM DESIGNED TO DEVELOP SKILLS, KNOWLEDGE, AND ATTITUDES NECESSARY FOR SUCCESSFUL EXPERIENCES IN ANY EMPLOYMENT SETTING FOR BOYS AND GIRLS 14-19 YEARS OLD. SECONDARY EDUCATIONAL PROGRAMS ARE PROVIDED FOR STUDENTS TO CONCENTRATE ON TUTORING AND MENTORING FOR FCAT PREPARATION WHO ARE ENGAGED TO EARN A GRADUATE EQUIVALENCY DIPLOMA IN THE NEAR FUTURE. A NURSERY AND LAWN MAINTENANCE PUBLIC SERVICE IS OFFERED THAT PROVIDES AFFORDABLE LANDSCAPING AND IRRIGATION SERVICES, JOB SKILLS DEVELOPMENT, AND MEANINGFUL EMPLOYMENT OPPORTUNITIES FOR RESIDENTS OF THE COMMUNITY. THE FVCDC PROVIDES ADULT COMPUTER CLASSES, A PROGRAM THAT PAINTS AND LANDSCAPES THE HOMES OF SENIORS, AND VETERANS AND A SUMMER YOUTH DEVELOPMENT PROGRAM AND AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
YOUTH AND BUSINESS DEVELOPMENT PROGRAMS PROVIDE AN AFTER SCHOOL INTENSIVE YOUTH DEVELOPMENT PROGRAM DESIGNED TO DEVELOP SKILLS, KNOWLEDGE, AND ATTITUDES NECESSARY FOR SUCCESSFUL EXPERIENCES IN ANY EMPLOYMENT SETTING FOR BOYS AND GIRLS BETWEEN THE AGES OF 14-19 YEARS OLD. SECONDARY EDUCATIONAL PROGRAMS ARE PROVIDED FOR STUDENTS TO CONCENTRATE ON TUTORING AND MENTORING FOR FCAT PREPARATION WHO ARE ENGAGED TO EARN A GRADUATE EQUIVALENCY DIPLOMA(GED) IN THE NEAR FUTURE. A NURSERY AND LAWN MAINTENANCE PUBLIC SERVICE IS OFFERED THAT PROVIDES AFFORDABLE LANDSCAPING AND IRRIGATION SERVICES, JOB SKILLS DEVELOPMENT, AND MEANINGFUL EMPLOYMENT OPPORTUNITIES FOR RESIDENTS OF THE COMMUNITY. THE ORGANIZATION ALSO PROVIDES ADULT COMPUTER CLASSES, A PROGRAM THAT PAINTS AND LANDSCAPES THE HOMES OF SENIORS, AND A SUMMER YOUTH DEVELOPMENT PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lutricia Glenn Member | Trustee | 1 | $0 |
Lawrence Colston Treasurer | OfficerTrustee | 1 | $0 |
William Chamberlain Secretary | OfficerTrustee | 1 | $0 |
Elizabeth Scaife Vice President | OfficerTrustee | 1 | $0 |
Kendra Williams Member | Trustee | 1 | $0 |
Miriam Tillman Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $38,000 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $38,000 |
| Total Program Service Revenue | $84,270 |
| Investment income | $33,064 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $63,210 |
| Net Gain/Loss on Asset Sales | -$22,513 |
| Net Income from Fundraising Events | -$5,033 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $190,998 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,768 |
| 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. | $75,000 |
| Compensation of current officers, directors, key employees. | $50,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,348 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,018 |
| Payroll taxes | $10,288 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,724 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,718 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,777 |
| Travel | $0 |
| 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 | $11,221 |
| Insurance | $6,208 |
| All other expenses | $6,175 |
| Total functional expenses | $279,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $375,581 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,072 |
| 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 | $1,023,454 |
| Investments—publicly traded securities | $1,016,935 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,215 |
| Total assets | $2,434,257 |
| 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 | $32,579 |
| Total liabilities | $32,579 |
| Net assets without donor restrictions | $2,301,115 |
| Net assets with donor restrictions | $100,563 |
| 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 | $2,434,257 |