Affordably Lavish Foundation Inc
- Assets
- $2.4m
- Revenue
- $694.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Boynton Beach, FL
- Founding
- Data as of
- 12/2023
- EIN
- 92-1952905
Organization Overview
Affordably Lavish Foundation Inc is located in Boynton Beach, FL. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Affordably Lavish Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RESCUE TODAYS HOUSING CRISIS BY DEVELOPING BUILDING AND RENOVATING BEAUTIFUL AFFORDABLE HOMES FOR LOW TO MODERATE INCOME FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHDO- COMMUNITY HOUSING DEVELOPMENT ORGANIZATION SERVICES HUD COUNSELING- HUD CERTIFIED COUNSELING FOR COMMUNITY THAT INC: FIRST TIME HOMEBUYER WORKSHOPS FIRST TIME HOMEBUYER PRE-PURCHASE 1 ON 1 COUNSELING FINANCIAL LITERACY AND BUDGET EDUCATION WORKSHOPS MORTGAGE READINESS MORTGAGE DELINQUENCY/DEFAULT COUNSELING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brittany C Anthony CEO | Trustee | 15 | $0 |
Lashawn Lattibeaudiere COO | Trustee | 10 | $0 |
Gertrude Pilgrim Vice President | Trustee | 5 | $0 |
Kathryn Farber Cfotreasurer | Trustee | 5 | $0 |
Anthea Harris Directorsecretary | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $85,689 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,500 |
| Total Program Service Revenue | $683,000 |
| Investment income | $0 |
| 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 | $694,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $44,275 |
| Fees for services: Legal | $15,584 |
| Fees for services: Accounting | $340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $287,198 |
| Advertising and promotion | $16,099 |
| Office expenses | $2,323 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,700 |
| Travel | $2,480 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $530 |
| Interest | $16,449 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,161 |
| All other expenses | $0 |
| Total functional expenses | $396,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $356,111 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,046,500 |
| Accounts receivable, net | $302,631 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $419,564 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,910 |
| Net Land, buildings, and equipment | $235,689 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $143 |
| Total assets | $2,372,548 |
| Accounts payable and accrued expenses | $3,000 |
| 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 | $1,011,700 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,014,700 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,433,973 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$76,125 |
| Total liabilities and net assets/fund balances | $2,372,548 |