Alliance Of Casa La Linda Corporation

Organization Overview

Alliance Of Casa La Linda Corporation is located in Fort Myers, FL. The organization was established in 1998. 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 03/2024, Alliance Of Casa LA Linda Corporation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alliance Of Casa LA Linda 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 03/2024, Alliance Of Casa LA Linda Corporation generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $973.2k during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE RENTAL UNITS TO QUALIFIED LOW AND MODERATE-INCOME TENANTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ALLIANCE HAS 185 RENTAL UNITS AVAILABLE FOR QUALIFIED LOW AND MODERATE INCOME TENANTS. AS OF MARCH 31, 2024, THE ALLIANCE HAD 164 OCCUPIED UNITS, THE RENTAL OF WHICH QUALIFIED AS A CHARITABLE ACTIVITY UNDER 501(C)(3) AS THE ACTIVITY MET THE SAFE HARBOR CRITERIA WITHIN REVENUE PROCEDURE 96-32 OF THE INTERNAL REVENUE SERVICE.


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Board, Officers & Key Employees

Name (title)Compensation
E Bruce Strayhorn
Chairman
$0
Flossie M Riley
Vice Chair
$0
Angelia C Smith
Sec/treas
$65,656
Charles B Dailey
Director
$0
Abra Knight-Salley
Director
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$1,066,459
Investment income $139,297
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,398
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,218,519

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