2026-03-24T10:23:36+00:00 2025-09-30 580692043 Mauldin & Jenkins LLC 1401 Manatee Avenue West Suite 1200 Bradenton FL 34205 990 2024-10-01 591295857 Desoto Towers Inc DESO 9417482883 1523 6th Avenue West Bradenton FL 34205 Patricia Barber President 9417482883 2026-03-24 true true Brian Carter P00536712 9417474483 2026-03-13 2024 2025-03-06 01:10:19Z Patricia Barber 1523 6th Avenue West Bradenton FL 34205 1424422 false X N/A X 1967 FL The organization provides low income housing to senior citizens. 4 4 13 19 0 0 1388878 1402047 18912 18372 3157 4003 1410947 1424422 0 0 420376 438116 0 0 1221638 1177594 1642014 1615710 -231067 -191288 5374717 5172267 6925155 6916313 -1550438 -1744046 The organization provides low income housing to senior citizens. false false 1559927 1406050 The entity provides 72 one bedroom and 132 efficiency low income housing units to senior citizens according to guidelines provided by the U.S. Department of Housing and Urban Development. 1559927 true false false false false false false false false false true false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 14 0 true 13 true false false false false false false false false false false false false X 4 4 false false false false false false false true true false false false true false false false false false true false false false FL X The Organization 9417482883 1523 6th Avenue West Bradenton FL 34205 DAWN WALKER SECRETARY 5.0 X X 0 0 0 DONALD EVANS TREASURER 5.0 X X 0 0 0 PATRICIA BARBER PRESIDENT 10.0 X X 0 0 0 MARGARET A WOLFE DIRECTOR 5.0 X 0 0 0 JOSEPHINE RIVERA MANAGER 40.0 X 50907 0 15963 50907 0 15963 0 false false false 0 0 Rental of Apartment Units 531110 1372035 1372035 Laundry & Vending Revenue 531390 18400 18400 Tenant Charges 531110 11612 11612 0 0 0 0 1402047 18372 18372 0 0 0 0 Other Revenue 531390 4003 4003 0 0 0 0 4003 1424422 1406050 0 18372 68956 68956 279272 279272 63257 63257 26631 26631 26014 26014 0 0 0 0 7331 7331 49262 29769 19493 488989 488989 97209 97209 256915 256915 247606 247606 Bad Debts 3812 3812 Taxes and Licenses 456 456 0 0 0 0 1615710 1570203 45507 0 384 15947 1001666 1061970 3158 2103 0 0 0 0 137959 99546 10037156 6108793 4164892 3928363 66658 64338 0 0 0 5374717 5172267 42603 68717 0 0 6766140 6733610 116412 113986 6925155 6916313 X -1550438 -1744046 -1550438 -1744046 5374717 5172267 -191288 -2320 0 X X false true true true true X 0 1328835 1308338 1362265 1392035 1406050 6797523 0 0 0 1328835 1308338 1362265 1392035 1406050 6797523 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6797523 4531 3710 11271 18912 18372 56796 0 4531 3710 11271 18912 18372 56796 0 0 0 0 0 0 0 1333366 1312048 1373536 1410947 1424422 6854319 0.99171 0.99347 0.01 0.0065 X 235912 235912 9152402 5563205 3589197 648842 545588 103254 3928363 Federal Income Taxes Security Deposits 113986 113986 X 1422102 -2320 0 -2320 1424422 0 0 1424422 1615710 0 0 1615710 0 0 1615710 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Project qualifies as a charitable organization as defined by Internal Revenue Code Section 501(c)(3) and, accordingly is exempt from Federal income taxes under Internal Revenue Code Section 501(a) and from state income taxes under Chapter 220.13 of the Florida Statutes. It is the Project's policy to account for any uncertainties in income tax law in accordance with FASB ASC 740-10 Accounting for Uncertainty in Income Taxes. ASC 740-10 clarifies the accounting for uncertain income tax positions and requires that the Project recognize the impact of such a tax position in its financial statements if, upon ultimate settlement, that position is more likely than not to be sustained. Management has evaluated the Projects tax positions and concluded that the Project has maintained its tax-exempt status and has taken no uncertain tax positions that require adjustment to the financial statements. As a result, no provision or liability for income taxes has been included in the financial statements. Form 990, Part VI, Line 11b Review of form 990 by governing body A draft copy of the 990 was reviewed and approved by the board president and management prior to its filing. Form 990, Part VI, Line 15a Process to establish compensation of top management official The organization's board of directors approves the salary of the administrator. Form 990, Part VI, Line 19 Required documents available to the public The organization makes its governing documents, policies and financial statements available to the public upon written request. Form 990, Part XII, Line 2c Change of oversight process or selection process The board president and management review and approve the draft audited financial statements prior to their issuance. This process is unchanged from the prior year.