Cape Coral Housing Development Corp
- Assets
- $0.0
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Cape Coral, FL
- Founding
- 05/1993
- Data as of
- 09/2020
- EIN
- 65-0383037
Organization Overview
Cape Coral Housing Development Corp is located in Cape Coral, FL. The organization was established in 1993. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. Cape Coral Housing Development 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 09/2020, Cape Coral Housing Development Corp generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $2.3m during the year ending 09/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS DEDICATED TO THE ECONOMIC REVITALIZATION OF THE BEAUTIFUL CITY OF CAPE CORAL THROUGH A PARTNERSHIP WITH CITY GOVERNMENT, LOCAL LENDERS AND HOMEBUYERS BY THE DEVELOPMENT OF DECENT, SAFE, AND AFFORDABLE HOUSING OFFERED TO LOW-INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW CONSTRUCTION AND RELATED EXPENSES FOR COMPLETION OF OR REHAB OF HOUSES SOLD TO QUALIFIED FAMILIES. 12 FAMILIES RECEIVED NEWLY CONSTRUCTED OR PURCHASED REHABILITATED HOMES.
COVID MORTGAGE ASSISTANCE AND UTILITY CONNECTION ASSISTANCE
DOWNPAYMENT ASSISTANCE PROGRAM IS PROVIDED TO LOW INCOME INDIVIDUALS WHO ARE IN NEED OF ADDITIONAL FUNDS THAT ALLOW THEM TO PAY FOR CLOSING COSTS ASSOCIATED WITH PURCHASING A HOME. FOUR FAMILIES RECEIVED ASSISTANCE TO PURCHASE A HOME.
OWNER OCCUPIED REHABILITATED HOUSING WAS ADDED TO HELP LOW INCOME QUALIFIED HOMEOWNERS REHAB AND REPAIR THEIR HOMES. ELEVEN REHABILITATION PROJECTS WERE COMPLETED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Schnell Exc Director | Officer | 40 | $95,130 |
Darryl Aubuchon Director | Trustee | 1 | $0 |
Tonirae Hurley President | OfficerTrustee | 1 | $0 |
Sheila Jeffrey Director | Trustee | 1 | $0 |
Darla Lloyd Director | Trustee | 1 | $0 |
Sal Maniscalco Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Michael Devito Homes Construction | 9/29/19 | $510,096 |
Tarpon Bay Construction Construction | 9/29/19 | $183,655 |
B&l General Contracting Construction | 9/29/19 | $117,393 |
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 | $38,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,500 |
| Total Program Service Revenue | $1,461,894 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,144 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,497,062 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $14,280 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,130 |
| Compensation of current officers, directors, key employees. | $9,513 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,901 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $193,464 |
| Advertising and promotion | $0 |
| Office expenses | $11,461 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,493 |
| Travel | $1,297 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,866 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $681 |
| Insurance | $2,374 |
| All other expenses | $856 |
| Total functional expenses | $2,250,401 |
| 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 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $0 |