Nonprofit · EIN 20-4985818
SOUTHWEST FLORIDA AFFORDABLEHOUSING CHOICE FOUNDATION INC
Tax-exempt · FORT MYERS, FL 33916
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,649,358 | $1,740,458 | $2,908,900 | $20,424,247 | $3,125,539 | $17,298,708 |
| December 31, 2023 | 990 | $2,808,586 | $1,827,050 | $981,536 | $19,134,869 | $3,645,807 | $15,489,062 |
| December 31, 2022 | 990 | $1,813,103 | $1,516,495 | $296,608 | $19,344,191 | $4,764,255 | $14,579,936 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $17,377
- Program service revenue
- $2,432,049
- Investment income
- $334,224
- Other revenue
- $1,865,708
Expenses
- Grants and similar amounts paid
- $10,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $85,013
- Accounting fees
- $6,790
- Depreciation
- $311,603
- Program services (functional)
- $1,655,607
- Management and general (functional)
- $84,851
Balance sheet and other
- Total assets, start of year
- $19,134,869
- Total assets, end of year
- $20,424,247
- Total liabilities, end of year
- $3,125,539
- Net assets, end of year
- $17,298,708
- Land, buildings and equipment
- $11,340,566
- Net assets without donor restrictions
- $15,854,986
- Net assets with donor restrictions
- $1,443,722
- Gross receipts
- $4,649,358
- Employees
- 0
- Year formed
- 2008
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| MARCIA DAVIS | PRESIDENT Trustee or director | 5 | $0 | $202,811 |
| SIEGLINDE CHAMBLISS | SECRETARY/TR Trustee or director | 6 | $0 | $89,124 |
| RICHARD FAIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MEG GELTNER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRUCE STRAYHORN | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| ISRAEL SUAREZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MATTIE YOUNG | VICE CHAIRWO Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| MARCIA DAVIS | PRESIDENT Trustee or director | 5 | $0 | $202,811 |
| SIEGLINDE CHAMBLISS | SECRETARY/TR Trustee or director | 6 | $0 | $89,124 |
| RICHARD FAIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MEG GELTNER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRUCE STRAYHORN | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| ISRAEL SUAREZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MATTIE YOUNG | VICE CHAIRWO Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended December 31, 2022: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARCIA DAVIS | PRESIDENT Trustee or director, Officer | 5 | $196,474 |
| SIEGLINDE CHAMBLISS | SECRETARY/TR Trustee or director, Officer | 1 | $81,478 |
| BRUCE STRAYHORN | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| MATTIE YOUNG | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| RICHARD FAIN | DIRECTOR Trustee or director | 1 | $0 |
| MEG GELTNER | DIRECTOR Trustee or director | 1 | $0 |
| ISRAEL SUAREZ | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4224 RENAISSANCE PRESERVE WAY, FORT MYERS, FL 33916-4800
- Principal officer (990 for 2024)
- MARCIA DAVIS, 4224 RENAISSANCE PRESERVE WAY, FORT MYERS, FL 33916
- Signed the 990
- BRUCE STRAYHORN, CHAIRMAN
- Phone
- (239) 344-3220
- Website
- HACFM.ORG
- Return prepared by
- BERMAN HOPKINS WRIGHT LAHAM CPAS & ASSOC
Mission
PROVIDE AND DEVELOP AFFORDABLE HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS OR FAMILIES.
Program accomplishments
- 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.Expenses $1,655,607 · grants $10,000 · revenue $2,432,049
- 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-4985818
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L99)
- Assets (IRS master file)
- $20,424,247
- Income (IRS master file)
- $4,649,358
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,649,358 | $1,740,458 | $20,424,247 | IRS |
| 990 | December 2023 | $2,808,586 | $1,827,050 | $19,134,869 | XML |
| 990 | December 2022 | $1,813,103 | $1,516,495 | $19,344,191 | XML |
| 990 | December 2021 | $4,902,368 | $1,721,643 | $17,591,096 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-4985818).
Questions about SOUTHWEST FLORIDA AFFORDABLEHOUSING CHOICE FOUNDATION INC
- What is the EIN of SOUTHWEST FLORIDA AFFORDABLEHOUSING CHOICE FOUNDATION INC?
- The employer identification number (EIN) of SOUTHWEST FLORIDA AFFORDABLEHOUSING CHOICE FOUNDATION INC is 20-4985818.
- Is SOUTHWEST FLORIDA AFFORDABLEHOUSING CHOICE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to SOUTHWEST FLORIDA AFFORDABLEHOUSING CHOICE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUTHWEST FLORIDA AFFORDABLEHOUSING CHOICE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOUTHWEST FLORIDA AFFORDABLEHOUSING CHOICE FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTHWEST FLORIDA AFFORDABLEHOUSING CHOICE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SOUTHWEST FLORIDA AFFORDABLEHOUSING CHOICE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names MARCIA DAVIS.
- Who are the officers and directors of SOUTHWEST FLORIDA AFFORDABLEHOUSING CHOICE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does SOUTHWEST FLORIDA AFFORDABLEHOUSING CHOICE FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,649,358, expenses of $1,740,458 and total assets of $20,424,247 at year end.
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