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Nonprofiteer
← RESIDENTIAL OPTIONS OF FLORIDA INC

Form 990 for tax year 2023

Filed by RESIDENTIAL OPTIONS OF FLORIDA INC.

Totals

Total revenue
$4,503,518
Total expenses
$97,807
Contributions and grants received
$4,416,108
Grants paid
$0
Program service revenue
$68,354
Investment income
-$4,754
Other revenue
$23,810
Total assets, end of year
$5,749,192
Total liabilities, end of year
$606,195
Net assets or fund balances, end of year
$5,142,997
Program services expenses (Part IX)
$86,479
Management and general expenses
$10,337
Fundraising expenses
$991
Program service expenses (Part III)
$86,479

Program services were 88.4% 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

    $4,416,108

  • 1g · Noncash contributions included above

    $4,413,502

  • 2a · Program service revenue: AFFORDABLE HOUSING REN

    total $68,354 · related or exempt $68,354

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

    other assets $4,754

  • 7c · Gain or loss

    other assets -$4,754

  • 7d · Net gain or loss

    total -$4,754 · excluded -$4,754

  • 11a · Other revenue: INSURANCE PROCEEDS

    total $23,710 · excluded $23,710

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $100 · excluded $100

  • 11e · Other revenue, total

    $23,810

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $12,000 · program services $7,440 · management and general $4,200 · fundraising $360

  • 12 · Advertising and promotion

    total $1,787 · program services $1,358 · management and general $72 · fundraising $357

  • 13 · Office expenses

    total $4,021 · program services $3,579 · management and general $362 · fundraising $80

  • 14 · Information technology

    total $777 · program services $482 · management and general $272 · fundraising $23

  • 20 · Interest

    total $6,010 · program services $5,108 · management and general $902

  • 22 · Depreciation, depletion and amortization

    total $20,765 · program services $19,311 · management and general $1,454

  • 23 · Insurance

    total $6,325 · program services $5,946 · management and general $316 · fundraising $63

  • 24a · Other expenses: RENTAL EXPENSES

    total $39,655 · program services $37,564 · management and general $1,983 · fundraising $108

  • 24b · Other expenses: PROPERTY TAX

    total $6,467 · program services $5,691 · management and general $776

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $78,822 · end of year $7,066

  • 4 · Accounts receivable

    beginning of year $17,261 · end of year $21,388

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,104 · end of year $16,888

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

    $5,725,950

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

    $95,251

  • 10c · Land, buildings and equipment, net

    beginning of year $1,203,418 · end of year $5,630,699

  • 15 · Other assets

    beginning of year $984 · end of year $73,151

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,513 · end of year $2,597

  • 19 · Deferred revenue

    beginning of year $421,169 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $129,800 · end of year $589,675

  • 25 · Other liabilities

    beginning of year $28,821 · end of year $13,923

  • 27 · Net assets without donor restrictions

    beginning of year $237,171 · end of year $4,642,882

  • 28 · Net assets with donor restrictions

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

Mission and programs · 2023

Mission

TO EMPOWER INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES TO SUCCESSFULLY OBTAIN AND MAINTAIN AFFORDABLE AND INCLUSIVE HOUSING OF THEIR CHOICE AND TO 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 FO 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 HOSING FOR LOW-INCOME OR MODERATE INCOME PEOPLE, INCLUDING PEOPLE WITH DISABILITIES, IN PERPETUITY.

    Expenses $86,479 · Revenue $68,354

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Diane Kreisman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daleen O'Dell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Ulrich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Stoner

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Harold Hedly

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Danny Bilyeu

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Steve Armstrong

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Julian Scott Eller

    CEO

    Total calculated
    $162,596
    From this org
    $0
    From related orgs
    $148,901
    Other
    $13,695
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $148,901 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $2,500 related
    Nontaxable benefits
    $0 + $11,195 related
    Filer's total
    $0 + $162,596 related

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

None.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
11 March 2025
IRS schema version
2023v6.0
Source object
202540769349301679

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