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Nonprofiteer
← RESIDENTIAL OPTIONS OF FLORIDA INC

Form 990 for tax year 2022

Filed by RESIDENTIAL OPTIONS OF FLORIDA INC.

Totals

Total revenue
$170,553
Total expenses
$169,752
Contributions and grants received
$79,881
Grants paid
$0
Program service revenue
$77,876
Investment income
$12,796
Other revenue
$0
Total assets, end of year
$1,319,589
Total liabilities, end of year
$582,303
Net assets or fund balances, end of year
$737,286
Program services expenses (Part IX)
$58,686
Management and general expenses
$107,862
Fundraising expenses
$3,204
Program service expenses (Part III)
$58,686

Program services were 34.6% 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.

  • 1f · All other contributions, gifts and grants

    $79,881

  • 2a · Program service revenue: AFFORDABLE HOUSING RENT

    total $77,876 · related or exempt $77,876

  • 7a · Gross sales of assets other than inventory

    other assets $60,000

  • 7b · Less cost or other basis and sales expenses

    other assets $47,204

  • 7c · Gain or loss

    other assets $12,796

  • 7d · Net gain or loss

    total $12,796 · related or exempt $12,796

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $72,750 · management and general $72,750

  • 10 · Payroll taxes

    total $7,115 · management and general $7,115

  • 11b · Fees: legal

    total $2,000 · management and general $2,000

  • 11g · Fees: other

    total $3,500 · management and general $3,500

  • 12 · Advertising and promotion

    total $3,118 · management and general $3,118

  • 13 · Office expenses

    total $2,925 · management and general $2,925

  • 14 · Information technology

    total $687 · management and general $687

  • 16 · Occupancy

    total $3,233 · management and general $3,233

  • 20 · Interest

    total $5,348 · program services $5,348

  • 22 · Depreciation, depletion and amortization

    total $23,163 · program services $23,163

  • 23 · Insurance

    total $12,534 · management and general $12,534

  • 24a · Other expenses: RENTAL EXPENSES

    total $26,240 · program services $26,240

  • 24b · Other expenses: HOUSING DEVELOPMENT COSTS

    total $3,935 · program services $3,935

  • 24c · Other expenses: FUNDRAISING

    total $3,204 · fundraising $3,204

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $152,746 · end of year $78,822

  • 4 · Accounts receivable

    beginning of year $2,528 · end of year $17,261

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,335 · end of year $19,104

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

    $1,289,792

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

    $86,374

  • 10c · Land, buildings and equipment, net

    beginning of year $1,266,580 · end of year $1,203,418

  • 15 · Other assets

    beginning of year $984 · end of year $984

  • 17 · Accounts payable and accrued expenses

    beginning of year $763 · end of year $2,513

  • 19 · Deferred revenue

    beginning of year $421,169 · end of year $421,169

  • 23 · Secured mortgages and notes payable

    beginning of year $254,800 · end of year $129,800

  • 25 · Other liabilities

    beginning of year $17,956 · end of year $28,821

  • 27 · Net assets without donor restrictions

    beginning of year $236,370 · end of year $237,171

  • 28 · Net assets with donor restrictions

    beginning of year $500,115 · end of year $500,115

Mission and programs · 2022

Mission

TO EMPOWER INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES TO SUCCESSFULLY OBTAIN AND MAINTAIN AFFORDABLE AND INCLUSIVE HOUSING OF THEIR CHOICE AND TO PROVIDE AND PRESERVE HOUSING, WHETHER OWNER-OCCUPIED OR RENTAL, THAT IS AFFORDABLE FOR LOW OR MODERATE INCOME PEOPLE, INCLUDING PEOPLE WITH DISABILITIES, IN PERPETUITY THROUGH THE USE OF LONG-TERM GROUND LEASE COVENANTS.

  • DEVELOPED AFFORDABLE HOUSING THAT WILL BE RENTED TO ADULTS WITH DEVELOPMENTAL DISABILITIES USING THE SUPPORTED LIVING MODEL. THIS SHALL INCLUDE THE PURPOSE OF EMPOWERING INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES TO SUCCESSFULLY OBTAIN AND MAINTAIN AFFORDABLE AND INCLUSIVE HOUSING OF THEIR CHOICE AND TO PROVIDE AFFORDABLE HOUSING AND PRESERVE THE AFFORDABILITY OF HOUSING FOR LOW-INCOME OR MODERATE INCOME PEOPLE, INCLUDING PEOPLE WITH DISABILITIES, IN PERPETUITY.

    Expenses $58,686 · Revenue $77,876

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Berneitha McNair

    EXECUTIVE DI

    Total calculated
    $72,750
    From this org
    $72,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Steven Armstrong

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Bonnie Berquist

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Danny Bilyeu

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Phillip J Brooks

    COO

    Total calculated
    $0
    Hours/week
    1

  • Nicole Coratti

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julian S Eller

    CEO

    Total calculated
    $0
    Hours/week
    1

  • Victoria Gauze

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Max Hatch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Harold Hedley

    VP

    Total calculated
    $0
    Hours/week
    1

  • Arizona Jenkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Debbie Kays

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Collette Kellerhouse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Diane Kreisman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jesse Larsen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ann Marinelli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daleen O'Dell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Sadd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dennis Slabaugh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rebecca U Stoner

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Michael Thakkar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Louis Traina

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard A Ulrich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 February 2024
IRS schema version
2022v5.0
Source object
202430469349303183

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