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Nonprofit · EIN 93-2867930

SKYWAY HOUSING FOUNDATION INC

Tax-exempt · ST PETERSBURG, FL 33701

Financials

$2.5M$124K2023$83K$351K2024
Revenue Expenses · by fiscal year end
Financials of SKYWAY HOUSING FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$82,745$350,913-$268,168$2,119,069$0$2,119,069
December 31, 2023990$2,500,116$124,388$2,375,728$2,365,624$0$2,365,624
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$82,745
Net gain from sales of assets
$33,098
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$270,000
Salaries, compensation and benefits (total)
$291,117
Professional fundraising fees
$0
Accounting fees
$6,956
Travel
$2,559
Program services (functional)
$22,689
Management and general (functional)
$328,224

Balance sheet and other

Total assets, start of year
$2,365,624
Total assets, end of year
$2,119,069
Total liabilities, end of year
$0
Net assets, end of year
$2,119,069
Publicly traded securities
$1,909,889
Net assets without donor restrictions
$2,119,069
Gross receipts
$3,881,364
Employees
2
Volunteers
4
Year formed
2023
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.

NameTitleHours / weekCompensation
Stephen MorrisExecutive Director
Trustee or director, Officer
40$150,000
Alexandra FeinbergDirector of Finance & Development
Trustee or director, Officer
40$120,000
Maurice David Feinberg JrChair
Trustee or director, Officer
1$0
Kurt DunkleDirector
Trustee or director
1$0
Elizabeth FeezorDirector
Trustee or director
1$0
Deborah BlindermanDirector
Trustee or director
1$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
Stephen MorrisSecretary
Trustee or director, Officer
40$62,500
Alexandra FeinbergTreasurer
Trustee or director, Officer
40$50,000
Maurice David Feinberg JrChair
Trustee or director, Officer
1$0
Kurt DunkleDirector
Trustee or director
1$0
Elizabeth FeezorDirector
Trustee or director
1$0

Address and contacts

Address (IRS master file)
100 3RD ST S STE 250, ST PETERSBURG, FL 33701-4327
Principal officer (990 for 2024)
Stephen Morris, 100 3rd Street South 250, Saint Petersburg, FL 33701
Signed the 990
Stephen Morris, Executive Director
Phone
(678) 515-5050
Return prepared by
Fontana CPAS

Mission

The specific purposes for which the Corporation is organized are to (a) provide affordable housing for persons of low to moderate income and (b) lessen the burdens of government through affordable and workforce housing.

990 for the year ended December 31, 2024

Program accomplishments

  • Cape Coral - Two applications under a request for proposal issued by Lee County for CDBG-Disaster Recovery funds were submitted for two phases of a mixed generation, mixed use affordable multifamily development - Residences at the Pines and Arbor at Pine Cove. Residences at the Pines is a 160-unit new construction Low Income Housing Tax Credit Bond Financed Development with a senior demographic serving households at or below 60% AMI. Arbor at Pine Cove is a 160-unit new construction Workforce Development with tax exempt 501(c)(3) bond financing serving households at or below 80% AMI. If the Commission chooses to award CDBG-DR funds to one or more projects, the higher scoring Residences at the Pines is the more likely phase to be awarded as it serves lower income residents. If neither phase receives a CDBG-DR award, the land purchase contract will eventually expire and ACRUVA and Skyway will likely no longer pursue development unless there is a reason to believe funds will otherwise be available and sufficient time remains under the contract. Glenwood Springs - We are exploring a potential opportunity with Andrew Ginsburg of Rocky Ledge Capital to develop a 36-unit workforce condo development on a parcel at 504 E Meadows Drive, Glenwood Springs, CO. The site is the last vacant parcel in a commercial condo development with numerous multifamily, commercial and hotel properties including Lowes, Target, Petco, Wells Fargo, Marriott and numerous smaller shops and restaurants. We anticipate signing the contract to purchase the land for $1M on Monday,February 24. There would be a 60-day due diligence period after signing the contract. This development would target 120% to 150% AMI ($85k-$140k income) and sale price of $400,000-$500,000. The total project cost is anticipated to be approximately $13MM. This would be a modular development, and our target market would be employees of schools, hospitals, banks, etc.
    Expenses $22,689

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
93-2867930
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2024
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$2,119,069
Income (IRS master file)
$3,881,364

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$82,745$350,913$2,119,069XML
990December 2023$2,500,116$124,388$2,365,624XML

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 93-2867930).

Questions about SKYWAY HOUSING FOUNDATION INC

What is the EIN of SKYWAY HOUSING FOUNDATION INC?
The employer identification number (EIN) of SKYWAY HOUSING FOUNDATION INC is 93-2867930.
Is SKYWAY HOUSING FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to SKYWAY HOUSING FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SKYWAY HOUSING 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 SKYWAY HOUSING 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 SKYWAY HOUSING 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 SKYWAY HOUSING FOUNDATION INC?
The 990 for the year ended December 31, 2024 names Stephen Morris.
Who are the officers and directors of SKYWAY HOUSING FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 6 people; 2 received compensation from the organization, the highest $150,000 (Stephen Morris, Executive Director).
How much revenue does SKYWAY HOUSING FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $82,745, expenses of $350,913 and total assets of $2,119,069 at year end.

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