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← HOUSING OPPORTUNITIES MORTGAGE ASSISTANCE & EFFECTIVE NEIGHBORHOO

Form 990 for tax year 2024

Filed by HOUSING OPPORTUNITIES MORTGAGE ASSISTANCE & EFFECTIVE NEIGHBORHOO.

Totals

Total revenue
$2,836,271
Total expenses
$2,962,730
Contributions and grants received
$2,100,023
Grants paid
$894,708
Program service revenue
$341,223
Investment income
$0
Other revenue
$395,025
Total assets, end of year
$9,816,875
Total liabilities, end of year
$3,451,769
Net assets or fund balances, end of year
$6,365,106
Program services expenses (Part IX)
$2,700,270
Management and general expenses
$117,791
Fundraising expenses
$144,669
Program service expenses (Part III)
$2,700,270

Program services were 91.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,509,899

  • 1f · All other contributions, gifts and grants

    $590,124

  • 2a · Program service revenue: RENTAL INCOME

    total $341,223 · related or exempt $341,223

  • 8a · Fundraising events: gross income

    $189,833

  • 8b · Fundraising events: direct expenses

    $69,082

  • 8c · Net income from fundraising events

    total $120,751 · excluded $120,751

  • 11a · Other revenue: HVLS FEES

    total $259,212 · unrelated business $259,212

  • 11b · Other revenue: EXP REIMBURSEMENT

    total $15,062 · excluded $15,062

  • 11e · Other revenue, total

    $274,274

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $894,708 · program services $894,708

  • 5 · Compensation of officers, directors and key employees

    total $293,247 · program services $265,863 · management and general $9,241 · fundraising $18,143

  • 7 · Other salaries and wages

    total $484,097 · program services $438,891 · management and general $15,255 · fundraising $29,951

  • 8 · Pension plan contributions

    total $1,873 · program services $1,684 · management and general $64 · fundraising $125

  • 9 · Other employee benefits

    total $143,909 · program services $129,423 · management and general $4,888 · fundraising $9,598

  • 10 · Payroll taxes

    total $65,804 · program services $59,668 · management and general $2,071 · fundraising $4,065

  • 11b · Fees: legal

    total $960 · management and general $960

  • 11c · Fees: accounting

    total $61,927 · program services $41,196 · management and general $4,658 · fundraising $16,073

  • 11g · Fees: other

    total $78,050 · program services $52,561 · management and general $4,982 · fundraising $20,507

  • 13 · Office expenses

    total $46,226 · program services $41,150 · management and general $4,379 · fundraising $697

  • 14 · Information technology

    total $14,917 · program services $12,121 · management and general $1,023 · fundraising $1,773

  • 16 · Occupancy

    total $79,219 · program services $78,454 · management and general $765

  • 17 · Travel

    total $15,770 · program services $13,954 · management and general $1,221 · fundraising $595

  • 20 · Interest

    total $119,000 · program services $113,812 · management and general $5,188

  • 22 · Depreciation, depletion and amortization

    total $203,788 · program services $197,691 · management and general $6,097

  • 23 · Insurance

    total $120,810 · program services $120,804 · management and general $6

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $130,001 · program services $127,607 · management and general $2,240 · fundraising $154

  • 24b · Other expenses: PROGRAM EXPENSES

    total $87,715 · program services $87,715

  • 24c · Other expenses: UBIT TAXES

    total $44,949 · management and general $44,949

  • 24d · Other expenses: PROPERTY TAXES

    total $20,078 · program services $20,078

  • 24e · All other expenses

    total $55,682 · program services $2,890 · management and general $9,804 · fundraising $42,988

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $105,372 · end of year $162,692

  • 2 · Savings and temporary cash investments

    beginning of year $403,727 · end of year $247,210

  • 3 · Pledges and grants receivable

    beginning of year $176,986 · end of year $198,428

  • 4 · Accounts receivable

    beginning of year $5,457 · end of year $2,275

  • 9 · Prepaid expenses and deferred charges

    beginning of year $44,361 · end of year $44,331

  • 10a · Land, buildings and equipment: cost or other basis

    $9,932,637

  • 10b · Land, buildings and equipment: accumulated depreciation

    $815,689

  • 10c · Land, buildings and equipment, net

    beginning of year $9,197,165 · end of year $9,116,948

  • 15 · Other assets

    beginning of year $48,252 · end of year $44,991

  • 17 · Accounts payable and accrued expenses

    beginning of year $77,060 · end of year $45,125

  • 19 · Deferred revenue

    beginning of year $221,636 · end of year $268,525

  • 23 · Secured mortgages and notes payable

    beginning of year $2,353,162 · end of year $3,093,128

  • 25 · Other liabilities

    beginning of year $837,897 · end of year $44,991

  • 27 · Net assets without donor restrictions

    beginning of year $6,491,565 · end of year $6,365,106

Mission and programs · 2024

Mission

THE MISSION OF H.O.M.E.S. IS TO PROVIDE QUALITY COMMUNITY AND ECONOMIC DEVELOPMENT, BENEFITING AT RISK AND DISADVANTAGED RESIDENTS AND NEIGHBORHOODS IN BROWARD COUNTY, FLORIDA.

Activities or mission (Part I)

TO PROVIDE QUALITY COMMUNITY AND ECONOMIC DEVELOPMENT, BENEFITING AT RISK AND DISADVANTAGED RESIDENTS AND NEIGHBORHOODS IN BROWARD COUNTY, FL.

  • RESIDENTIAL AND COMMERCIAL RENTAL PROGRAM - PROVIDING QUALITY RENTAL APARTMENTS AND HOMES AFFORDABLE TO LOW-INCOME FAMILIES AND QUALITY OFFICE SPACES AVAILABLE TO LOCAL NONPROFITS.

    Expenses $1,731,637 · Grants $894,708 · Revenue $333,037

  • SUPPORTIVE HOUSING YOUTHS PROGRAM - PROVIDING FURNISHED, SUBSIDIZED RENTAL APARTMENTS FOR UP TO 21 YOUNG ADULTS AGES 18-24 (AND THEIR CHILDREN) WHO HAVE AGED OUT OF THE STATE'S FOSTER CARE AND RELATIVE CARE SYSTEM, TOGETHER WITH VARIOUS TYPES OF PROGRAMMATIC SUPPORT (INCLUDING PAID INTERNSHIPS, JOB AND LIFE COACHING, FINANCIAL CAPABILITY CLASSES, AND PLACING YOUTHS IN SCHOOL) WITH THE GOAL OF HELPING THIS AT RISK POPULATION ACHIEVE SELF-SUFFICIENCY.

    Expenses $797,804 · Revenue $8,186

  • HOME OWNERSHIP - H.O.M.E.S., INC. REMOVES SOCIOECONOMIC BARRIERS TO HOMEOWNERSHIP BY PROVIDING AFFORDABLE HOUSING OPPORTUNITIES TO FIRST-TIME BUYERS, QUALIFIED FAMILIES, AND INDIVIDUALS. THROUGH OUR SCATTERED SITE PROJECT, WE BUY SINGLE-FAMILY HOMES, REHAB THEM IN A QUALITY MANNER, AND RE-SELL THEM TO BUYERS WITHIN OUR TRADITIONAL INCOME TARGET RANGES, AT AFFORDABLE PRICES.

    Expenses $119,623

  • NEIGHBORHOOD REVITALIZATION PROGRAM - WORKING WITH LOCAL BUSINESS GROUPS, CIVIC GROUPS AND THE CITY GOVERNMENT SINCE 2008 TO DEVELOP AND IMPLEMENT A PLAN FOR IMPROVING AND TRANSFORMING THE CENTRAL CITY CRA (THE AREA WHERE THE ORGANIZATION'S OFFICES AND PROPERTY ARE LOCATED) IN FORT LAUDERDALE, BROWARD COUNTY, FLORIDA. BEGINNING IN 2017, THIS PROGRAM IS BEING EXPANDED TO THE BROWARD MUNICIPAL SERVICE DISTRICT AREA, WHERE THE ORGANIZATION AND OTHER NONPROFITS ARE BUILDING RESIDENCES.

    Expenses $20,350

  • HEALTH AND WELLNESS - WE OFFER THE RESOURCES AND OPPORTUNITIES TO FORM HEALTHIER HABITS BY AIDING AT-RISK INDIVIDUALS WHO LACK ACCESS AND KNOWLEDGE TO NUTRITION AND EXERCISE. THE COMBINATION OF UNIQUE RESOURCES AVAILABLE ON OUR OWN CAMPUS WITH BOTH NEW AND EXISTING COMMUNITY PARTNERSHIPS OFFERS A FUN, INTERACTIVE, INCLUSIVE WAY TO MOVE TOWARD A HEALTHIER LIFESTYLE.

    Expenses $15,428

  • ADVOCACY AND COMMUNITY AWARENESS.

    Expenses $15,428

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Patricia Bessemer

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Brad Brewster

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Eric Servaites

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Julie Blackmore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Marie McGinley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wendy Jerkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Adlai Pappy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Graves

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Linda M Taylor

    CEO/EXECUTIVE DIRECTOR

    Total calculated
    $189,455
    From this org
    $171,378
    From related orgs
    $0
    Other
    $18,077
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,378
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $18,077
    Filer's total
    $189,455

  • Ronit Amir-Campos

    CFO/TREASURER

    Total calculated
    $112,826
    From this org
    $98,509
    From related orgs
    $0
    Other
    $14,317
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • HOMES SPE LLC

    OTHER REAL ESTATE ACTIVITIES WITH U.S. DEPT OF HUD · FL · income $259,212 · assets $0

    Directly controlled by HOUSING OPPORTUNITIES MORTGAGE ASSIST & EFFECTIVE NEIGHBORHOOD SOLUTIONS IN

Provenance

Return type
form_990
Tax year
2024
Filed
2 April 2026
IRS schema version
2024v5.5
Source object
202631059349302558

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