2024-07-31T10:21:20-05:00 2023-09-30 882730877 CHERRY BEKAERT ADVISORY LLC 401 EAST JACKSON ST SUITE 1200 TAMPA FL 33602 990 2022-10-01 593211393 FLORIDA HOME PARTNERSHIP INC FLOR 8136727860 201 14TH AVENUE SE H RUSKIN FL 33570 ERIC ISENBERGH PRESIDENT 8136727860 2024-07-19 1 0 AMY DOSIK P00890743 8132511010 2022 2024-08-08 14:25:15Z ERIC ISENBERGH 201 14TH AVENUE SE H RUSKIN FL 33570 4209482 0 X WWW.FLHOME.ORG X 1993 FL FLORIDA HOME PARTNERSHIP PROVIDES AFFORDABLE HOUSING OPPORTUNITIES FOR LOW TO MODERATE-INCOME HOUSEHOLDS PRIMARY THROUGH THE USDA MUTUAL SELF-HELP HOUSING PROGRAM AND THE FEDERAL HOME PROGRAM. 11 11 19 11 0 0 1392912 1973721 337462 184678 742421 339 43872 289992 2516667 2448730 12567 19262 0 0 1423616 1543598 0 0 0 555537 506996 1991720 2069856 524947 378874 8809243 9552350 1801830 2166063 7007413 7386287 X TO EMPOWER HARD WORKING CITIZENS TO ACHIEVE THE AMERICAN DREAM OF HOMEOWNERSHIP BY PROVIDING QUALITY, AFFORDABLE HOUSING TO FAMILIES LIVING BELOW THE MEDIAN INCOME. 0 0 1407137 143000 SELF-HELP HOUSING: FOR THE FISCAL YEAR ENDING SEPTEMBER 2023, FLORIDA HOME PARTNERSHIP PROVIDED FINANCIAL AND CREDIT COUNSELING, LOAN APPLICATION IN-TAKE AND LOAN PROCESSING SERVICES TO ASSIST USDA MUTUAL SELF-HELP HOUSING CLIENTS TO OBTAIN MORTGAGE FINANCING AND DOWN-PAYMENT ASSISTANCE TO PARTICIAPATE IN THE USDA MUTUAL SELF-HELP HOUSING PROGRAM AND ASSISTED 31 FAMILIES TO ACQUIRE BUILDING LOTS AND GUIDE THE FAMILIES THROUGH THE PROCESS OF CONSTRUCTING THEIR OWN HOMES THROUGH THE USDA MUTUAL SELF-HELP HOUSING PROGRAM. 132165 25140 DEVELOPMENT OF AFFORDABLE SINGLE-FAMILY HOMES UTILIZING FEDERAL HOME FUNDS TO FINANCE CONTRUCTION COSTS TO OFFER AFFORDABLE HOUSING OPPORTUNITIES TO LOW AND MODERATE-INCOME HOUSEHOLDS. ASSIST POTENTIAL HOMEBUYERS WITH OBTAINING MORTGAGE FINANCING AND DETERMINE ELIGIBILITY FOR DOWN PAYMENT ASSISTANCE FROM GOVERNMENTAL FUNDING PROGRAMS. ONE COMPLETED HOME WAS SOLD TO INCOME-ELIGIBLE HOMEBUYERS DURING THE FISCAL YEAR. 94178 DEVELOPMENT OF 6 WORKFORCE HOMES FOR MODERATE INCOME HOUSEHOLDS. DID NOT SELL ANY HOMES DURING YEAR WHICH IS WHY THERE IS NOT ANY INCOME. 151003 19262 306530 THE ORGANIZATION RECEIVED REVENUES FROM LOT SALES AND ACCOUNTED FOR THE COST OF GOODS SOLD FOR DEVELOPED PROPERTY ACQUIRED BY THE USDA SELF-HELP PROGRAM PARTICIPANTS AND INCURRED GENERAL ADMINISTRATIVE EXPENSES. 151003 19262 306530 1784483 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 19 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X TOM TAYLOR 8136727860 201 14TH AVENUE SE SUITE H RUSKIN FL 33570 ERIC ISENBERGH PRESIDENT 1.50 X X 0 0 0 PAUL CLIFF VICE-PRESIDENT 1.50 X X 0 0 0 PABLO LATOREE SECRETARY 1.50 X X 0 0 0 WALTER WELKER TREASURER 1.50 X X 0 0 0 DANIEL BLOOD DIRECTOR 0.30 X 0 0 0 PEGGY CLEASON DIRECTOR 0.30 X 0 0 0 JULIA COHEN DIRECTOR 0.30 X 0 0 0 MARTIN DORVIL DIRECTOR 0.30 X 0 0 0 VERNON FULLER DIRECTOR 0.30 X 0 0 0 DAVID GOLDSTEIN DIRECTOR 0.30 X 0 0 0 HAZEL JACKSON DIRECTOR 0.30 X 0 0 0 MICHAEL MORINA EXECUTIVE DIRECTOR 40.00 X 166573 0 17245 DAVID SNYDER CHIEF FINANCIAL OFFICER 40.00 X 148880 0 13553 VANESSA JOSEY CHIEF OPERATING OFFICER 40.00 X 112154 0 16367 427607 0 47165 3 0 1 0 QPC INC 503 ARCH RIDGE LOOP SEFFNER FL 33584 BUILDING CONTRACTOR 202632 84 LUMBER PO BOX 365 EIGHTY FOUR PA 15330 BUILDING CONTRACTOR 114540 2 1972593 1128 1973721 PROJECT MANAGEMENT FEES 541900 168140 168140 RENTAL INCOME 531110 100 100 16438 16438 184678 189 189 150 0 150 150 150 2024500 1760752 263748 263748 REFUNDS AND REBATES 900099 24920 24920 BAD DEBT RECOVERY 900099 1324 1324 26244 2448730 474670 0 339 19262 19262 474772 403556 71216 787950 755275 32675 63350 58138 5212 6121 5617 504 211405 194012 17393 8783 7744 1039 25870 25870 143573 86199 57374 6705 2864 3841 125633 55805 69828 13012 11684 1328 22584 20961 1623 23700 12174 11526 40053 28239 11814 DOUBTFUL DEBT EXPENSE 68704 68704 REHAB/CONSTRUCTION 28379 28379 2069856 1784483 285373 0 220063 81351 2254705 1905615 716008 590861 337674 167094 4687 4437 210388 156760 46146 53628 5229960 6749364 8809243 9552350 165993 190769 45816 22737 1590021 1830000 0 122557 1801830 2166063 X 5433240 5288964 1574173 2097323 7007413 7386287 8809243 9552350 378874 0 X 0 1 X 1 1 1 X 3274255 1318401 2032868 1392912 1864227 9882663 3274255 1318401 2032868 1392912 1864227 9882663 9882663 4550 11491 381 173 189 16784 9899447 12585641 0.99830 0.99830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 20775 20775 0 189613 135985 53628 53628 LAND AND DEVELOPMENT COSTS 6599695 DEPOSITS 27112 OPERATING LEASE RIGHT-OF-USE ASSETS, NET 122557 6749364 OPERATING LEASE LIABILITY 122557 122557 X 4209482 1760752 1760752 2448730 0 2448730 3830608 1760752 1760752 2069856 0 2069856 PART IV, LINE 2B: THE ORGANIZATION MAINTAINS AN ESCROW ACCOUNT FOR RECEIPT OF DEPOSITS FROM PROGRAM PARTICIPANTS FOR THE USDA MUTUAL SELF-HELP HOUSING PROGRAM. FUNDS ARE HELD IN ESCROW UNTIL A CLIENT'S FINANCING IS APPROVED AND THE PURCHASE OF PROPERTY OCCURS AT WHICH TIME THE CLIENT'S DEPOSIT IS APPLIED TOWARD THE COST OF A BUILDER'S RISK INSURANCE POLICY. THESE FUNDS ARE MAINTAINED IN A SEPARATE BANK ACCOUNT. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. MANAGEMENT BELIEVES THE ORGANIZATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AS OF SEPTEMBER 30, 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF PROPERTY SOLD 1,760,752. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF PROPERTY SOLD 1,760,752. 1 HOME CONSTRUCTION COSTS 19 16762 DOWN PAYMENT ASSISTANCE (DPA) 1 2500 PART I, LINE 2: UNDER THE USDA MUTUAL SELF-HELP HOUSING PROGRAM, CLIENTS PURCHASE A BUILDABLE LOT AND OBTAIN FINANCING TO BUILD THEIR OWN HOME. WHEN CONSTRUCTION COSTS EXCESS THE BUDGETED AMOUNT, THE ORGANIZATION WILL PROVIDE GRANT ASSISTANCE TO THE CLIENTS TO COVER THOSE EXTRA COSTS. THE ORGANIZATION USES THE ACCOUNTING SOFTWARE PROGRAM TO TRACK AND REPORT GRANT ASSISTANCE. X X X 0 0 0 0 0 0 0 0 0 MICHAEL MORINA EXECUTIVE DIRECTOR 166573 0 0 0 0 0 15719 0 1526 0 183818 0 0 0 DAVID SNYDER CHIEF FINANCIAL OFFICER 147740 0 1140 0 0 0 8930 0 4623 0 162433 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR AND BOARD OF DIRECTORS RECEIVES AN ELECTRONIC COPY OF THE FORM 990 VIA EMAIL FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C INCORPORATED INTO THE BY-LAWS OF THE CORPORATION IS A DUALITY OF INTEREST" CLAUSE THAT STIPULATES FOR ANY CONTRACT OR OTHER TRANSACTION BETWEEN THE CORPORATION AND A MEMBER OF THE BOARD OR OFFICERS OR BETWEEN THE CORPORATION AND ANY OTHER CORPORATION, FIRM, ASSOCIATION OR ENTITY IN WHICH A MEMBER OF THE BOARD OR OFFICERS ARE MEMBERS OF THE BOARD, TRUSTEE OR OFFICER OR HAVE A SIGNIFICANT FINANCIAL INTEREST SHALL BE AUTHORIZED ONLY UNDER SPECIFIC CONDITIONS AND DISCLOSURES. WHEN POTENTIAL CONFLICT OF INTERESTS ARISE, THE CIRCUMSTANCES ARE DISCUSSED AMONG THE BOARD AND OFFICERS, AND THIRD-PARTY INPUT IS OFTEN SOLICITED. ADDITIONALLY, BACKGROUND CHECKS AND EMPLOYMENT AND CONTRACTUAL ARRANGEMENTS ARE REVIEWED FOR NEW BOARD MEMBERS UPON APPOINTMENT TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, CONSISTING OF THE FOUR OFFICERS OF THE BOARD AND ONE MEMBER AT LARGE, MEET ANNUALLY TO ASSESS THE EXECUTIVE DIRECTOR'S COMPENSATION. DISCUSSIONS ARE DOCUMENTED IN THE MEETING MINUTES. FOR SALARY COMPARABILITY INFORMATION, THE EXECUTIVE COMMITTEE UTILIZES A LIST OF UPPER MANAGEMENT POSITIONS AND COMPILATION OF SALARIES FOR AREA GOVERNMENTAL AND NON-PROFIT AGENCIES THAT IS AVAILABLE FROM A LOCAL TELEVISION STATION'S WEBSITE. THE EXECUTIVE DIRECTOR IS GRANTED AUTHORITY TO DETERMINE AND EVALUATE COMPENSATION FOR STAFF BASED UPON MARKET CONDITIONS AND WORK EXPERIENCE AND PERFORMANCE WITH INPUT AND CONSULTATION WITH THE BOARD AS NEEDED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN OR VERBAL REQUEST.