2024-07-24T10:19:48-04:00 2023-09-30 320394930 STROEMER & COMPANY 14030 METROPOLIS AVE STE 200 FORT MYERS FL 33912 990 2022-10-01 650295038 LEE COUNTY HOUSING DEVELOPMENT CORPORATION LEEC 2392755105 PO BOX 2854 FORT MYERS FL 339022854 AHMAD R KAREH PRESIDENT 2392755105 2024-07-09 AHMAD KAREH 999009999 false MARC WHITFIELD CPA P00125986 2394331002 2024-07-22 2022 2023-04-26 12:10:37Z AHMAD R KAREH 16024 THORN WOOD DRIVE FORT MYERS FL 33908 1109652 false X WWW.LEECOUNTYHDC.ORG X 1991 FL ORGANIZATION WAS FORMED TO PROVIDE LOW INCOME FAMILIES OF LEE COUNTY FLORIDA WITH AFFORDABLE HOUSING BY CONSTRUCTING AND PROVIDING NEEDED RESOURCES TO SUCH INDIVIDUALS WHO WOULD NOT BE ABLE TO AFFORD SUCH HOUSING FOR THEMSELVES OR THEIR FAMILIES. 3 3 0 0 237181 1042368 48963 67100 199 184 0 286343 1109652 83762 226102 0 98423 114219 0 54025 343652 764853 525837 1105174 -239494 4478 1053549 1598359 535685 1076017 517864 522342 X ORGANIZATION WAS FORMED TO PROVIDE LOW INCOME FAMILIES OF LEE COUNTY FLORIDA WITH AFFORDABLE HOUSING BY CONSTRUCTING AND PROVIDING NEEDED RESOURCES TO SUCH INDIVIDUALS WHO WOULD NOT BE ABLE TO AFFORD SUCH HOUSING FOR THEMSELVES OR THEIR FAMILIES. false false 371947 180394 67100 RENTAL ASSISTANCE PROGRAM: THROUGHOUT THE YEAR, OUR RENTAL ASSISTANCE PROGRAM HAS BEEN A BEACON OF HOPE FOR NUMEROUS FAMILIES FACING HOUSING INSECURITY. WE PROVIDED VITAL SUPPORT TO OVER 156 FAMILIES, OFFERING VARIOUS FORMS OF ASSISTANCE TAILORED TO THEIR NEEDS. FROM RENTAL SUBSIDIES TO DIRECT FINANCIAL AID, WE ENSURED THAT EVERY INDIVIDUAL HAD ACCESS TO SAFE AND STABLE HOUSING. THE IMPACT OF THIS ASSISTANCE HAS BEEN PROFOUND, WITH MANY FAMILIES EXPERIENCING NEWFOUND STABILITY AND SECURITY IN THEIR HOMES. 538895 REHABILITATION PROGRAM: OUR COMMITMENT TO REVITALIZING NEIGHBORHOODS AND PRESERVING AFFORDABLE HOUSING STOCK HAS BEEN EVIDENT IN OUR REHABILITATION EFFORTS. OVER THE PAST YEAR, WE EMBARKED ON A JOURNEY TO TRANSFORM PROPERTIES, UNDERTAKING EXTENSIVE REPAIRS AND RENOVATIONS TO ENHANCE SAFETY, ACCESSIBILITY, AND OVERALL QUALITY. THESE EFFORTS NOT ONLY IMPROVED THE LIVING CONDITIONS FOR RESIDENTS BUT ALSO BREATHED NEW LIFE INTO OUR COMMUNITIES. THROUGH ADHERENCE TO STRINGENT QUALITY STANDARDS AND REGULATIONS, WE ENSURED THAT EVERY REHABILITATED PROPERTY MET OR EXCEEDED MINIMUM HOUSING STANDARDS, CONTRIBUTING TO THE LONG-TERM SUSTAINABILITY OF OUR NEIGHBORHOODS. 75873 45708 DOWN PAYMENT ASSISTANCE FOR HOME PURCHASE: ACHIEVING THE DREAM OF HOMEOWNERSHIP BECAME A REALITY FOR MANY INDIVIDUALS AND FAMILIES, THANKS TO OUR DOWN PAYMENT ASSISTANCE PROGRAM. WE ASSISTED HOMEBUYERS IN OVERCOMING FINANCIAL BARRIERS TO HOMEOWNERSHIP, PROVIDING CRUCIAL SUPPORT IN THE FORM OF DOWN PAYMENT ASSISTANCE. THIS INITIATIVE NOT ONLY INCREASED HOMEOWNERSHIP RATES WITHIN OUR COMMUNITY BUT ALSO LAID THE FOUNDATION FOR LONG-TERM STABILITY AND PROSPERITY. AS MORE FAMILIES TAKE PRIDE IN HOMEOWNERSHIP, OUR COMMUNITY GROWS STRONGER AND MORE RESILIENT. 986715 true true false false false false false false false false true false false true false true true false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false true 2 0 0 false false false false false false false false false false false false false false X 3 3 false false false false false false false true true false false true true false false false false true true false X ERIKA COOKS 2392755105 3677 CENTRAL AVE FORT MYERS FL 33902 X ERIKA COOKS EXECUTIVE DI 40.00 X 128348 0 14400 AHMAD R KAREH PRESIDENT 1.00 X X 0 0 0 JOHNNY STREETS DIRECTOR 1.00 X 0 0 0 STACY WILLIAMS DIRECTOR 1.00 X 0 0 0 128348 14400 1 false false false 71117 696519 274732 1042368 RENTAL INCOME 65162 65162 GROUND LEASE FEES 1230 1230 CUSTOMER SERVICE FEES 708 708 67100 184 184 1109652 67100 184 X 226102 226102 114219 68531 11422 34266 1445 1084 361 212764 165833 27172 19759 41731 31299 10432 12878 9659 3219 22140 16605 5535 1510 1132 378 18927 18927 6085 3042 3043 10684 8013 2671 CONSTRUCTION COSTS 401962 401962 RENT EXPENSES 24238 24238 OTHER EXPENSES 6936 6936 LOT MOWING 2750 2750 803 602 201 1105174 986715 64434 54025 665327 163058 27731 154531 12517 23734 1263619 88434 266123 1175185 81851 81851 1053549 1598359 35685 51017 500000 1025000 535685 1076017 X 517864 522342 517864 522342 1053549 1598359 4478 X false true X true false X 701829 721033 622371 237181 1042368 3324782 701829 721033 622371 237181 1042368 3324782 3324782 165 144 183 199 184 875 400 8959 9359 3335016 584131 0.99690 0.99460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1100 1100 119053 37326 81727 38387 1786 36601 41941 38106 3835 1063138 11216 1051922 1175185 DONATED LAND 74028 SECURITY DEPOSITS 3914 LAND HELD FOR CONSTRUCTION 3909 81851 X 1109652 1109652 1109652 1105174 1105174 1105174 SCHEDULE D, PAGE 3, PART X THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)3 OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS A NOT-FOR-PROFIT FLORIDA CORPORATION AND THEREFORE IS NOT SUBJECT TO STATE INCOME TAX TAXES. THE INTERNAL REVENUE CODE PROVIDES FOR TAXATION OF UNRELATED BUSINESS INCOME UNDER CERTAIN CIRCUMSTANCES. THE ORGANIZATION REPORTS NO UNRELATED BUSINESS TAXABLE INCOME, HOWEVER, SUCH STATUS IS SUBJECT TO FINAL DETERMINATION UPON EXAMINATION OF THE RELATED TAX RETURNS BY THE APPROPRIATE TAXING AUTHORITIES. THE ORGANIZATION'S TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. CERTAIN INCOME TAX RETURNS FILED BY THE ORGANIZATION REMAIN OPEN TO EXAMINATION BY THESE GOVERNMENT AGENCIES. THE ORGANIZATION FOLLOWS ASC TOPIC 740, "INCOME TAXES" IN ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS AND ANY ESTIMATES UTILIZED IN ITS TAX RETURNS, AND CONCLUDED THAT THE ORGANIZATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS WILL BE RECOGNIZED IN INCOME TAX EXPENSE, IF REQUIRED. false UTILITY ASSISTANCE 4 1588 FORECLOSURE PREVENTION 5 44120 RENTAL ASSISTANCE 156 180394 FORM 990 - ORGANIZATION'S MISSION ORGANIZATION WAS FORMED TO PROVIDE LOW INCOME FAMILIES OF LEE COUNTY FLORIDA WITH AFFORDABLE HOUSING BY CONSTRUCTING AND PROVIDING NEEDED RESOURCES TO SUCH INDIVIDUALS WHO WOULD NOT BE ABLE TO AFFORD SUCH HOUSING FOR THEMSELVES OR THEIR FAMILIES. FORM 990, PAGE 1, PART I, LINE 6 3 ACTING AS OFFICERS/6 AS BOARD MEMBERS - MEET ONCE A MONTH FOR APPROXIMATELY 2 HOURS A MONTH FORM 990, PAGE 6, PART VI, LINE 11B ORGANIZATION RECEIVED COPY OF THE TAX RETURN TO REVIEW, SIGN AND RETURN 8879 FOR EFILING. FORM 990, PAGE 6, PART VI, LINE 15A EVALUATION OF THE EXECUTIVE DIRECTOR (LEASED EMPLOYEE) WILL BE DONE BY NO LESS THAN 2 OR MORE THAN 3 APPOINTED BOARD MEMBERS AND THE EVALUATION WILL BE PRESENTED TO THE FULL BOARD FOR RATIFICATION AND/OR AMENDMENT. THE EVALUATION OF THE EXECUTIVE DIRECTOR SHALL INCLUDE THE USES OF THE CURRENT FORM WITH ITS BROAD CATEGORIES, EVALUATION OF ESSENTIAL FUNCTIONS AS IDENTIFIED AND LISTED IN THE POSITION DESCRIPTION AND AN ORAL EVALUATION AND REVIEW WITH THE BOARD OF DIRECTORS FORM 990, PAGE 6, PART VI, LINE 15B EVALUATION OF THE KEY EMPLOYEES (LEASED EMPLOYEES) WILL BE DONE BY NO LESS THAN 2 OR MORE THAN 3 APPOINTED BOARD MEMBERS AND THE EVALUATION WILL BE PRESENTED TO THE FULL BOARD FOR RATIFICATION AND/OR AMENDMENT. THE EVALUATION OF THE EXECUTIVE DIRECTOR SHALL INCLUDE THE USES OF THE CURRENT FORM WITH ITS BROAD CATEGORIES, EVALUATION OF ESSENTIAL FUNCTIONS AS IDENTIFIED AND LISTED IN THE POSITION DESCRIPTION AND AN ORAL EVALUATION AND REVIEW WITH THE BOARD OF DIRECTORS FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART VII ORGANIZATION USES A PEO TO PROVIDE PAYROLL SERVICES, AS SUCH "EMPLOYEES" ARE CONSIDERED EMPLOYEES OF THE PEO AND NOT THE ORGANIZATION. THE ORGANIZATION IS BILLED FOR WAGES, PAYROLL TAXES AND BENFITS BY THE PEO. OFFICER WAGES IS BROKEN OUT FOR TRANSPEARANCY PURPOSES ONLY. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES 7,237 7,238 0 EMPLOYEE LEASING 158,071 19,759 19,759 CONSULTING FEES 525 175 0 TOTAL 165,833 27,172 19,759