2024-11-11T08:42:14-05:00 2023-12-31 591152714 BERMAN HOPKINS WRIGHT LAHAM CPAS & ASSOC 8035 SPYGLASS HILL RD MELBOURNE FL 329407984 990 2023-01-01 204985818 SOUTHWEST FLORIDA AFFORDABLE HOUSING CHOICE FOUNDATION INC SOUT 2393443220 4224 RENAISSANCE PRESERVE WAY FORT MYERS FL 33916 BRUCE STRAYHORN CHAIRMAN 2393443239 2024-11-06 true true ABBEY K REDDEN CPA P00189512 3217572020 2024-11-07 2023 2024-10-15 13:58:12Z SW FLORIDA HOUSING FOUNDATION INC MARCIA DAVIS 4224 RENAISSANCE PRESERVE WAY FORT MYERS FL 33916 2808586 false X HACFM.ORG X 2008 FL DEVELOP AND PROVIDE AFFORDABLE HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS OR FAMILIES. 7 7 0 0 1296 354 1714301 2160206 97506 250167 397859 1813103 2808586 21500 0 0 0 0 1516495 1805550 1516495 1827050 296608 981536 19344191 19134869 4764255 3645807 14579936 15489062 X PROVIDE AND DEVELOP AFFORDABLE HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS OR FAMILIES. false false 1418178 21500 2160206 THROUGH AWARDS FROM THE NEIGHBORHOOD STABILIZATION PROGRAM (NSP) THE AGENCY CONSTRUCTED/PURCHASED 82 UNITS TO BE RENTED TO LOW INCOME PERSONS OR FAMILIES. THE AGENCY IS THE OWNER/MANAGER OF THESE UNITS. TO QUALIFY TO LIVE IN THESE DEVELOPMENTS, THE PERSON/FAMILY INCOME MUST BE BELOW 50% OF THE AREA MEDIAN INCOME; RENT IS BASED ON THE INCOME OF THE TENANT. DURING THE TAX YEAR, ADDITIONAL LAND WAS PURCHASED TO EXPAND AND FURTHER AFFORDABLE HOUSING. THE AGENCY ALSO PURCHASED AN AGE RESTRICTED PROPERTY WITH 60 UNITS IN MARCH 2020. 314057 THE AGENCY IS THE MANAGING GENERAL PARTNER IN TWO MIXED FINANCE PARTNERSHIPS: 1% OWNERSHIP IN EACH. THE DEVELOPMENTS, PLACED IN SERVICE IN 2014, CONSISTS OF 212 UNITS OF ACC PUBLIC HOUSING AND CONTRACT BASED SECTION 8 UNITS FOR LOW INCOME PERSONS/FAMILIES. THE DEVELOPMENTS ARE EAST POINTE PLACE AND THE LANDINGS AT EAST POINT. EXCESS CASH, PER THE PARTNERSHIP AGREEMENTS, IS DISTRIBUTED TO THE AGENCY ANNUALLY. THESE FUNDS ARE USED TO CONTINUE THE MISSION OF DEVELOPING AFFORDABLE HOUSING FOR LOW AND MODERATE-INCOME FAMILIES/PERSONS. THE AGENCY IS CURRENTLY WORKING TO DEVELOP 3 ADDITIONAL MIXED FINANCED PROPERTIES. 1. THE FOUNDATION PURCHASED LAND IN JUNE 2022 TO REPLACE THE ROYAL PALM PUBLIC HOUSING FACILITY WITH A NEW SENIOR FACILITY ON THIS PURCHASED LAND. NEW FACILITY IS CURRENTLY UNDER DESIGN IN 2023. 2. THE AGENCY HAS BEEN AWARDED TAX CREDITS TO BUILD PHASE II OF EAST POINTE PLACE AND HAS PLACED THE CREDITS IN SERVICE IN DECEMBER 24. 3. THE AGENCY HAS RETURNED THE AWARDED TAX CREDITS TO REHABILITATE THE PUBLIC HOUSING FACILITY BONAIR TOWERS. WE ARE PLANNING FOR/TO BUILD BACK ON THE ORIGINAL SITE AND SEEK FUNDING THROUGH THE STATE ARPA PROGRAM. 4. WE HAVE CLOSED ON MARCH 27, 2024. THE OFFSITE COMPONENT ON CLEVELAND AVENUE WITH OUR DEVELOPER PARTNERS TO BUILD 92 TAX CREDIT UNITS IN CONJUNCTION WITH THE CHOICE NEIGHBORHOOD IMPLEMENTATION GRANT AWARDED BY HUD. THE UNITS ARE ANTICIPATED TO BE PLACED IN SERVICES BY MARCH 1, 2026. 1732235 true false false false false false false false false false true false false false false false false true false false false false false false false false false true false true false false false false false false false false false false false false true true true true true false true 0 0 0 false false false false false false false false X 7 7 false false false false false false false true true false false true true true true true true true true false X BRUCE STRAYHORN 2393443220 4224 RENAISSANCE PRESERVE WAY FORT MYERS FL 33916 MARCIA DAVIS PRESIDENT 5.00 40.00 X 0 202811 0 SIEGLINDE CHAMBLISS SECRETARY/TR 6.00 26.00 X 0 89124 0 RICHARD FAIN DIRECTOR 2.00 0.00 X 0 0 0 MEG GELTNER DIRECTOR 2.00 0.00 X 0 0 0 BRUCE STRAYHORN CHAIRMAN 2.00 0.00 X X 0 0 0 ISRAEL SUAREZ DIRECTOR 2.00 0.00 X 0 0 0 MATTIE YOUNG VICE CHAIRWO 2.00 0.00 X X 0 0 0 291935 false true false 354 354 GROSS RENT 1794811 1794811 MANAGEMENT FEE 341942 341942 MISCELLAENOUS INCOME 14818 14818 OTHER TENANT INCOME 8635 8635 2160206 250167 250167 OTHER REVENUE 397859 397859 397859 2808586 2558065 250167 21500 21500 542114 493324 48790 3600 3600 9129 3652 5477 420 420 40548 40548 120333 120333 310682 310682 180942 180942 MAINTENANCE & MATERIALS 362754 362754 UTILITIES & GARBAGE 102247 102247 LAWN MAINTENANCE 65548 65548 OTHER EXPENSES 47356 47356 19877 19877 1827050 1732235 94815 0 X 1439495 2041306 4044185 3188125 358730 164764 1518031 2011075 52139 108670 14487982 2867053 11931611 11620929 19344191 19134869 53762 27995 686990 218349 4023503 3399463 4764255 3645807 X 13363118 14196370 1216818 1292692 14579936 15489062 19344191 19134869 981536 -72410 X X false true X false false X 292811 1296 354 294461 708221 1073026 4533516 1714301 2558065 10587129 708221 1073026 4826327 1715597 2558419 10881590 10881590 30825 60490 76041 97506 250167 515029 30825 60490 76041 97506 250167 515029 739046 1133516 4902368 1813103 2808586 11396619 0.95480 0.97080 0.05000 0.03000 X 2520526 2520526 11967456 2867053 9100403 11620929 false AMERICAN HEART ASSOCIATION INC 7272 GREENVILLE AVE DALLAS TX 75231 135613797 501C3 10000 ASSISTANCE false false false false false false false false false MARCIA DAVIS PRESIDENT 202811 202811 FORM 990 990, PART IV, 12A - THIS ENTITY WAS INCLUDED IN THE CONSOLIDATED AUDIT REPORT OF THE HOUSING AUTHORITY OF THE CITY OF FORT MYERS FOR THE FISCAL YEAR ENDED MARCH 31, 2024; A SEPARATE REPORT FOR SWFLAHCF FOR THE SAME 12 MONTH PERIOD WAS ALSO ISSUED. SINCE THE REPORTS WERE ISSUED ON A FISCAL YEAR, RATHER THAN A CALENDAR YEAR BASIS, THE ANSWER TO THE QUESTION IS "NO". THE INCOME AND EXPENSE ARE REPORTED IN THE SAME MANNER FOR BOTH REPORTING PERIODS. THERE ARE NO RECONCILING ITEMS OTHER THAN THE DIFFERENCE IN REPORTING PERIODS. 990, PART IX, 7, 8, 9, 10, 11A - SWFLAHCF HAS NO EMPLOYEES AND THEREFORE HAS NO ENTRIES ON LINE 7-10. SWFLAHCF REIMBURSES THE HOUSING AUTHORITY FOR PROPERTY MANAGEMENT AND MAINTENANCE STAFF AT COST PLUS 1% BASED ON ACTUAL TIME WORKED PURSUANT TO A SHARED SERVICES AGREEMENT. ALL SHARED SERVICES FEES PAID TO THE HOUSING AUTHORITY ARE INCLUDED IN LINE 11A. SCHEDULE D, PART VI - THE LAND AND BUILDINGS OWNED BY THE ENTITY ARE AFFORDABLE HOUSING RENTAL UNITS USED IN PERFORMING THE AGENCY'S EXEMPT PURPOSE, PROVIDING AFFORDABLE HOUSING TO LOW INCOME PERSONS/FAMILIES. FORM 990, PAGE 2, PART III, LINE 4B THE AGENCY IS THE MANAGING GENERAL PARTNER IN TWO MIXED FINANCE PARTNERSHIPS: 1% OWNERSHIP IN EACH. THE DEVELOPMENTS, PLACED IN SERVICE IN 2014, CONSISTS OF 212 UNITS OF ACC PUBLIC HOUSING AND CONTRACT BASED SECTION 8 UNITS FOR LOW INCOME PERSONS/FAMILIES. THE DEVELOPMENTS ARE EAST POINTE PLACE AND THE LANDINGS AT EAST POINT. EXCESS CASH, PER THE PARTNERSHIP AGREEMENTS, IS DISTRIBUTED TO THE AGENCY ANNUALLY. THESE FUNDS ARE USED TO CONTINUE THE MISSION OF DEVELOPING AFFORDABLE HOUSING FOR LOW AND MODERATE-INCOME FAMILIES/PERSONS. THE AGENCY IS CURRENTLY WORKING TO DEVELOP 3 ADDITIONAL MIXED FINANCED PROPERTIES. 1. THE FOUNDATION PURCHASED LAND IN JUNE 2022 TO REPLACE THE ROYAL PALM PUBLIC HOUSING FACILITY WITH A NEW SENIOR FACILITY ON THIS PURCHASED LAND. NEW FACILITY IS CURRENTLY UNDER DESIGN IN 2023. 2. THE AGENCY HAS BEEN AWARDED TAX CREDITS TO BUILD PHASE II OF EAST POINTE PLACE AND HAS PLACED THE CREDITS IN SERVICE IN DECEMBER 24. 3. THE AGENCY HAS RETURNED THE AWARDED TAX CREDITS TO REHABILITATE THE PUBLIC HOUSING FACILITY BONAIR TOWERS. WE ARE PLANNING FOR/TO BUILD BACK ON THE ORIGINAL SITE AND SEEK FUNDING THROUGH THE STATE ARPA PROGRAM. 4. WE HAVE CLOSED ON MARCH 27, 2024. THE OFFSITE COMPONENT ON CLEVELAND AVENUE WITH OUR DEVELOPER PARTNERS TO BUILD 92 TAX CREDIT UNITS IN CONJUNCTION WITH THE CHOICE NEIGHBORHOOD IMPLEMENTATION GRANT AWARDED BY HUD. THE UNITS ARE ANTICIPATED TO BE PLACED IN SERVICES BY MARCH 1, 2026. FORM 990, PAGE 6, PART VI, LINE 11B AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT REVIEWS THE FORM 990 WITH A MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C EACH MEMBER OF THE BOARD OF DIRECTORS IS REQUIRED TO REVIEW AND EXECUTE A NEW CONFLICT OF INTEREST POLICY FORM ON AN ANNUAL BASIS. FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION DOES NOT PROVIDE COMPENSATION TO ANY MEMBER OF ITS GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 15B THE ORGANIZATION DOES NOT HAVE ANY OTHER OFFICERS OR KEY EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. ALL DOCUMENTS ARE MAINTAINED AT THE OFFICE OF THE HOUSING AUTHORITY OF THE CITY OF FORT MYERS, 4224 RENAISSANCE PRESERVE WAY, FORT MYERS, FL 33916. FORM 990, PART X DURING 2015 PC REDEVELOPMENT PARTNERS, LLC DISBURSED 600,000 TO THE HOUSING AUTHORITY, PER THE PARTNERSHIP AGREEMENT, IN PAYMENT OF THE LAND LEASE AGREEMENT. THE TAX CREDIT INVESTOR, WELLS FARGO, REQUIRED THAT THIS MONEY BE HELD IN A RESTRICTED BANK ACCOUNT BY SWFLAHCF. THE FUNDS WILL BE RELEASED PRO-RATA OVER 15 YEARS. BECAUSE THE INCOME WAS EARNED BY THE HOUSING AUTHORITY AND THE FUNDS ARE REQUIRED TO BE HELD IN SWFLAHCF, AN A/P - A/R WAS CREATED BETWEEN THE TWO ENTITIES. IT IS INTENDED THAT THE DEBT BE REPAID AS THE FUNDS ARE RELEASED BY THE BANK. THE CURRENT OUTSTANDING BALANCE IS 214,636. DURING 2015 THE AGENCY CASH INCREASED 1,100,000; THIS CASH IS BEING HELD IN SEPARATE RESTRICTED ACCOUNTS BECAUSE OF RESTRICTIONS PLACED ON THE FUNDS BY THE TAX CREDIT PARTNER, WELLS FARGO. SWFLAHCF OWNS A MINORITY INTEREST IN TWO MIXED FINANCES AFFORDABLE HOUSING COMPLESES, SABAL PALM PRESERVATION, LLC AND PC REDEVELOPMENT PARTNERS, LLC. DURING 2015 PURSUANT TO A LAND LEASE AGREEMENT BETWEEN THE HOUSING AUTHORITY AND THE TWO PARTNERSHIPS, 1,100,000 WAS PAID TO THE HOUSING AUTHORITY. THE PARTNERSHIP AGREEMENTS REQUIRE THAT THE FUNDS BE HELD IN RESTRICTED ACCOUNTS IN SWFLAHCF. THE FUNDS WILL BE RELEASED BY WELLS FARGO PRO-RATA OVER 15 YEARS. AS THE FUNDS ARE RELEASED BY THE TAX CREDIT PARTNER, THE FUNDS WILL BE RETAINED BY SWFLAHCF AND THE AMOUNT OF THE RESTRICTED ASSET WILL BE REDUCED. AS EXPLAINED ABOVE, THE 600,000 FROM PC REDEVELOPMENT PARTNERS, LLC WAS SET UP AS A PAYABLE TO THE HOUSING AUTHORITY. AS THE FUNDS ARE RELEASED BY THE TAX CREDIT PARTNER THE PAYABLE AND THE RESTRICTED ASSET WILL BE REDUCED. THE BALANCE REMAINING ON THIS RESTRICTED ASSET IS 257,102 AT DECEMBER 31, 2023. FORM 990, PART XII SWFLAHCF IS INCLUDED IN THE CONSOLIDATED AUDIT OF THE HOUSING AUTHORITY OF THE CITY OF FORT MYERS WHICH HAS A MARCH 31 FISCAL YEAR END. SWFLAHCF STATEMENTS ARE CONVERTED FROM A CALENDAR BASIS TO A FISCAL YEAR BASIS FOR INCLUSION IN THE CONSOLIDATED REPORT. THE BOARD OF COMMISSIONERS OF THE HOUSING AUTHORITY APPROVE THE SELECTION OF THE INDEPENDENT AUDITOR AND THE REPORT IS SUBMITTED TO THE BOARD UPON ISSUANCE. COCONUT COVE APARTMENTS LLC 4224 RENAISSANCE PRESERVE WAY FORT MYERS FL 33916 204985818 AFDBLE HSG FL -106915 1647054 SWFLAHCF BROADWAY I LLC 4224 RENAISSANCE PRESERVE WAY FORT MYERS FL 33916 204985818 AFDBLE HSG FL -334463 2661281 SWFLAHCF COVINGTON MEADOWS I LLC 4224 RENAISSANCE PRESERVE WAY FORT MYERS FL 33916 204985818 AFDBLE HSG FL 8399 1612846 SWFLAHCF STELLA APARTMENTS LLC 4224 RENAISSANCE PRESERVE WAY FORT MYERS FL 33916 204985818 AFDBLE HSG FL -59357 1481263 SWFLAHCF SWANSON LOOP LLC 4224 RENAISSANCE PRESERVE WAY FORT MYERS FL 33916 204985818 AFDBLE HSG FL 228765 3599345 SWFLAHCF THE HOUSING AUTHORITY OF FORT MYERS 4224 RENAISSANCE PRESERVE WAY FORT MYERS FL 33916 596702584 HSG PROGRM FL 501C3 10 N/A false PC REDEVELOPMENT LLC 4224 RENAISSANCE PRESERVE WAY FORT MYERS FL 33916 320360772 AFDBLE HSG FL N/A C CORP 1071 false SABAL PALM I LLC 4224 RENAISSANCE PRESERVE WAY FORT MYERS FL 33916 352429035 AFDBLE HSG FL N/A C CORP 1071 false false false false false false false false false false false true true false false true false false false false THE HOUSING AUTHORITY OF FORT MYERS K 7350 COMPARABLES THE HOUSING AUTHORITY OF FORT MYERS O 387287 10% OF CONTRACT COST PC REDEVELOPMENT LLC L 1071 ACTUAL COST SABAL PALM I LLC L 1071 ACTUAL COST