2025-07-22T14:57:26-05:00 2024-09-30 882730877 CHERRY BEKAERT ADVISORY LLC 401 EAST JACKSON ST SUITE 1200 TAMPA FL 33602 990 2023-10-01 593211393 FLORIDA HOME PARTNERSHIP INC FLOR 8136727860 201 14TH AVENUE SE H RUSKIN FL 33570 DETRA SMITH-O'BRYANT CHIEF EXECUTIVE OFFICER 8136727860 2025-07-21 1 1 MELANIE MCPEAK P01346034 8132511010 2023 2025-03-06 01:10:19Z DETRA SMITH-O'BRYANT 201 14TH AVENUE SE H RUSKIN FL 33570 6602672 0 X WWW.FLHOME.ORG X 1993 FL TO EMPOWER HARD WORKING CITIZENS TO ACHIEVE THE AMERICAN DREAM OF HOMEOWNERSHIP BY PROVIDING QUALITY, AFFORDABLE HOUSING TO FAMILIES LIVING BELOW THE MEDIAN INCOME. 8 8 17 8 0 0 1973721 1382875 184678 537433 339 98091 289992 359660 2448730 2378059 19262 220545 0 0 1543598 1505370 0 0 0 506996 917081 2069856 2642996 378874 -264937 9552350 7590304 2166063 468954 7386287 7121350 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 1465580 220545 92500 SELF-HELP HOUSING: FOR THE FISCAL YEAR ENDING SEPTEMBER 2024, 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 PARTICIPATE IN THE USDA MUTUAL SELF-HELP HOUSING PROGRAM AND ASSISTED 22 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. 56698 0 219060 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. SIX COMPLETED HOMES WERE SOLD TO INCOME-ELIGIBLE HOMEBUYERS DURING THE FISCAL YEAR. 68150 191580 DEVELOPMENT OF AFFORDABLE SINGLE-FAMILY WORKFORCE HOMES FOR MODERATE INCOME HOUSEHOLDS. SIX COMPLETED HOMES WERE SOLD TO INCOME-ELIGIBLE BUYERS DURING THE FISCAL YEAR 720933 393953 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. 720933 393953 2311361 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 9 0 1 17 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 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 0.00 X X 0 0 0 PABLO LATOREE SECRETARY 1.50 0.00 X X 0 0 0 WALTER WELKER TREASURER AND DIRECTOR 1.50 0.00 X X 0 0 0 JULIA COHEN DIRECTOR (TO MAY '24) 0.30 0.00 X 0 0 0 HAZEL JACKSON DIRECTOR 0.30 0.00 X 0 0 0 MARTINE DORVIL DIRECTOR 0.30 0.00 X 0 0 0 VERNON FULLER DIRECTOR 0.30 0.00 X 0 0 0 PEGGY GLEASON DIRECTOR 0.30 0.00 X 0 0 0 DAVID GOLDSTEIN DIRECTOR 0.30 0.00 X 0 0 0 DANIEL BLOOD DIRECTOR (TO FEB '24) 0.30 0.00 X 0 0 0 PAUL CLIFF VICE PRESIDENT (TO DEC '23) 1.50 0.00 X X 0 0 0 MICHAEL MORINA EXECUTIVE DIRECTOR (TO FEB '24) 40.00 0.00 X 193585 0 11887 DAVID SNYDER CHIEF FINANCIAL OFFICER (TO JAN '24) 40.00 0.00 X 159199 0 9930 VANESSA JOSEY CHIEF OPERATING OFFICER 40.00 0.00 X 133637 0 17645 DETRA SMITH-O'BRYANT EXECUTIVE DIRECTOR (FROM MAY '24) 40.00 0.00 X 0 0 0 THOMAS TAYLOR CHIEF FINANCIAL OFFICER (FROM JAN '24) 40.00 0.00 X 0 0 0 486421 0 39462 3 0 1 0 QPC INC 503 ARCH RIDGE LOOP SEFFNER FL 33584 BUILDING CONTRACTOR 150213 84 LUMBER PO BOX 365 EIGHTY FOUR PA 15330 BUILDING CONTRACTOR 135890 CLASSIC FLOORS PO BOX 1630 MELBOURNE FL 32902 BUILDING CONTRACTOR 102358 3 1382875 1382875 PROJECT MANAGEMENT FEES 541900 503140 503140 34293 34293 537433 98091 98091 4532920 4224613 308307 308307 REFUNDS AND REBATES 900099 36258 36258 MISCELLANEOUS/EVENT COLLECTIONS 900099 15095 15095 51353 2378059 897093 0 98091 4278 4278 216267 216267 525883 446999 78884 712687 686972 25715 56721 51931 4790 130597 119568 11029 79482 72770 6712 6705 300 6405 21836 21836 210143 125032 85111 4552 3526 1026 143223 69926 73297 11122 9498 1624 30382 30182 200 46434 21239 25195 38670 27023 11647 DEVELOPMENT OPERATIONS 386485 386485 DOUBTFUL DEBT EXPENSE 17529 17529 2642996 2311361 331635 0 81351 86045 1905615 3501358 590861 518111 167094 27157 4437 5709 194210 151369 53628 42841 6749364 3409083 9552350 7590304 190769 125091 22737 16953 1830000 240000 122557 86910 2166063 468954 X 5288964 5818160 2097323 1303190 7386287 7121350 9552350 7590304 -264937 0 X 0 1 X 1 1 1 X 1318401 2032868 1392912 1973721 1382875 8100777 1318401 2032868 1392912 1973721 1382875 8100777 8100777 11491 381 171 189 98091 110323 112792 19631 21230 153653 8364753 14714810 0.96840 0.99830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 20775 20775 0 173435 130594 42841 42841 LAND AND DEVELOPMENT COSTS 3160282 DEPOSITS 162622 OPERATING LEASE RIGHT-OF-USE ASSETS, NET 86179 3409083 OPERATING LEASE LIABILITY 86910 86910 X 6602672 4224613 4224613 2378059 0 2378059 6867609 4224613 4224613 2642996 0 2642996 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, 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF PROPERTY SOLD 4,224,613. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF PROPERTY SOLD 4,224,613. 1 HOME CONSTRUCTION COSTS 3 6267 DOWN PAYMENT ASSISTANCE (DPA) 7 210000 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 EXCEED THE BUDGETED AMOUNT, THE ORGANIZATION WILL PROVIDE GRANT ASSISTANCE TO THE CLIENTS TO COVER THOSE EXTRA COSTS. THE ORGANIZATION USES AN ACCOUNTING SOFTWARE PROGRAM TO TRACK AND REPORT GRANT ASSISTANCE. X X X 0 0 0 0 0 0 0 1 0 MICHAEL MORINA EXECUTIVE DIRECTOR (TO FEB '24) 180357 0 13228 0 0 0 11509 0 378 0 205472 0 0 0 DAVID SNYDER CHIEF FINANCIAL OFFICER (TO JAN '24) 157269 0 1930 0 0 0 9552 0 378 0 169129 0 0 0 VANESSA JOSEY CHIEF OPERATING OFFICER 126707 0 6930 0 0 0 8018 0 9627 0 151282 0 0 0 PART I, LINE 7 EACH EMPLOYEE RECEIVED A $1,930 BONUS. THIS WAS BASED ON THE NUMBER OF LOTS SOLD AND HOUSES COMPLETED IN FY23. THE ADDITIONAL BONUSES FOR THE EXECUTIVE DIRECTOR AND CHIEF OPERATING OFFICER WERE DETERMINED BY THE BOARD. 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.