Elderly Housing Development And Operations Corporation
- Assets
- $59.0m
- Revenue
- $7.8m
- Investments
- $1.9m
- Employees
- 43
- Location
- Plantation, FL
- Founding
- 02/2009
- Data as of
- 06/2022
- EIN
- 65-0665009
Organization Overview
Elderly Housing Development And Operations Corporation is located in Plantation, FL. The organization was established in 2009. 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. As of 06/2022, Elderly Housing Development And Operations Corporation employed 43 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Elderly Housing Development And Operations Corporation 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, Elderly Housing Development And Operations Corporation generated $7.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $5.3m during the year ending 06/2022. While expenses have increased by 2.2% 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.
Since 2016, Elderly Housing Development And Operations Corporation has awarded 13 individual grants totaling $342,156. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE MANAGEMENT OF THE DAY-TO-DAY ACTIVITIES OF HOUSING PROJECTS THAT ARE REGULATED BY THE DEPARTMENT OF HOUSING & URBAN DEVELOPMENT (HUD) AND SPONSORSHIPS WITH HOUSING PROJECTS. THE ORGANIZATION ALSO DEVELOPS NEW PROJECTS TO EXPAND THEIR CAPACITY OF PROVIDING LOW-INCOME HOUSING THROUGH THE ADDITIONAL PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE MANAGEMENT OF THE DAY-TO-DAY ACTIVITIES OF HOUSING PROJECTS THAT ARE REGULATED BY THE DEPARTMENT OF HOUSING & URBAN DEVELOPMENT (HUD) AND SPONSORSHIPS WITH HOUSING PROJECTS. THE ORGANIZATION ALSO DEVELOPS NEW PROJECTS TO EXPAND THEIR CAPACITY OF PROVIDING LOW-INCOME HOUSING THROUGH THE ADDITIONAL PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melanie Ribeiro President & | OfficerTrustee | 30 | $296,416 |
Roland Broussard VP Of Develo | 40 | $140,758 | |
Irene Phillips CFO | 40 | $146,433 | |
John Olsen Director | Trustee | 16 | $26,541 |
Edward L Romero 1st Vice Pre | OfficerTrustee | 1 | $24,000 |
Mary Anderson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Larry Hecky Consulting | 6/29/21 | $522,500 |
Scg Development Partners Llc Real Estate Dev | 6/29/21 | $437,072 |
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 | $1,918,723 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,918,723 |
| Total Program Service Revenue | $5,477,615 |
| Investment income | $384,452 |
| 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 | $7,823,103 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,228 |
| 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. | $495,531 |
| Compensation of current officers, directors, key employees. | $119,905 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,535,288 |
| Pension plan accruals and contributions | $308,323 |
| Other employee benefits | $497,821 |
| Payroll taxes | $154,618 |
| Fees for services: Management | $17,108 |
| Fees for services: Legal | $86,331 |
| Fees for services: Accounting | $232,427 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $197,006 |
| Advertising and promotion | $38,218 |
| Office expenses | $447,767 |
| Information technology | $50,320 |
| Royalties | $0 |
| Occupancy | $513,477 |
| Travel | $504,143 |
| 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 | $60,119 |
| Insurance | $111,849 |
| All other expenses | $0 |
| Total functional expenses | $5,311,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,258,786 |
| Savings and temporary cash investments | $6,971,062 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,313,281 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $14,928,689 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $54,039 |
| Net Land, buildings, and equipment | $1,471,361 |
| Investments—publicly traded securities | $5,814,304 |
| Investments—other securities | $1,948,054 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,232,538 |
| Total assets | $58,992,114 |
| Accounts payable and accrued expenses | $433,044 |
| Grants payable | $0 |
| Deferred revenue | $5,058 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $6,544 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,036,239 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,564,125 |
| Total liabilities | $6,045,010 |
| Net assets without donor restrictions | $52,947,104 |
| 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 | $58,992,114 |
Grants Awarded
Over the last fiscal year, Elderly Housing Development And Operations Corporation has awarded $171,556 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
EHDOC DEVELOPMENT SERVICES LLC PURPOSE: DONATION | $71,556 |
JACK KENNY MEMORIAL HOUSING DEVFUND CORP PURPOSE: DONATION | $50,000 |
EHDOC SHAKER BLVD INC PURPOSE: DONATION | $50,000 |