Orlando Central Towers Inc
- Assets
- $2.9m
- Revenue
- $78.3k
- Investments
- $75.1k
- Employees
- 0
- Location
- Oviedo, FL
- Founding
- 01/1967
- Data as of
- 10/2023
- EIN
- 59-6178235
Organization Overview
Orlando Central Towers Inc is located in Oviedo, FL. The organization was established in 1967. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orlando Central Towers 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 10/2023, Orlando Central Towers Inc generated $78.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $110.8k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Orlando Central Towers Inc has awarded 21 individual grants totaling $2,799,193. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES LOW INCOME HOUSING FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES LOW INCOME HOUSING FOR THE ELDERLY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Smith President | 1 | $0 | |
Robert Sparrow Vice President | 1 | $0 | |
Randy Clements Secretary | 1 | $0 | |
Todd Sparrow Director | 1 | $0 | |
Matthew Preston Clements Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,557 |
| Net Rental Income | $75,750 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $78,307 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $31,638 |
| Occupancy | $30,163 |
| Travel, conferences, and meetings | $3,727 |
| Printing and publications | $0 |
| Other expenses | $45,110 |
| Total operating and administrative expenses | $110,783 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $110,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,709,505 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $1,324 |
| Net other notes and loans receivable | $21,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $983,295 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $77,711 |
| Total assets | $2,867,890 |
| Accounts payable and accrued expenses | $1,430 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,430 |
Grants Awarded
Over the last fiscal year, Orlando Central Towers Inc has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE LUKE COMMISSION PURPOSE: DONATION | $5,000 |
LIBERTY COUNSEL PURPOSE: DONATION | $5,000 |