Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: TENANT ASSISTANCE

  total $74,732 · related or exempt $74,732

• 2b · Program service revenue: TENANT RENTAL INCOME

  total $11,656 · related or exempt $11,656

• 2c · Program service revenue: UTILITY REIMBURSEMENT

  total $1,775 · related or exempt $1,775

• 2d · Program service revenue: MISCELLANEOUS RENT & T

  total $352 · related or exempt $352

• 3 · Investment income

  total $186 · excluded $186

Functional expenses

Part IX, the statement of functional expenses.

• 11a · Fees: management

  total $12,458 · management and general $12,458

• 11b · Fees: legal

  total $2,193 · management and general $2,193

• 11c · Fees: accounting

  total $7,140 · management and general $7,140

• 16 · Occupancy

  total $15,665 · program services $15,665

• 22 · Depreciation, depletion and amortization

  total $25,743 · program services $25,743

• 23 · Insurance

  total $22,061 · program services $22,061

• 24a · Other expenses: REPAIRS AND MAINTENANCE

  total $18,647 · program services $18,647

• 24b · Other expenses: TAXES AND LICENSES

  total $444 · program services $312 · management and general $132

• 24c · Other expenses: CLEANING

  total $300 · program services $300

• 24d · Other expenses: BANK FEES

  total $6 · management and general $6

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $7,968 · end of year $1,883

• 2 · Savings and temporary cash investments

  beginning of year $67,675 · end of year $24,627

• 4 · Accounts receivable

  beginning of year $0 · end of year $1,356

• 9 · Prepaid expenses and deferred charges

  beginning of year $21,441 · end of year $20,757

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

  $860,644

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

  $327,756

• 10c · Land, buildings and equipment, net

  beginning of year $445,563 · end of year $532,888

• 17 · Accounts payable and accrued expenses

  beginning of year $808 · end of year $5,001

• 19 · Deferred revenue

  beginning of year $771 · end of year $348

• 23 · Secured mortgages and notes payable

  beginning of year $99,061 · end of year $99,061

• 25 · Other liabilities

  beginning of year $1,331 · end of year $52,381

• 27 · Net assets without donor restrictions

  beginning of year -$52,024 · end of year -$67,980

• 28 · Net assets with donor restrictions

  beginning of year $492,700 · end of year $492,700

The filer's explanations (Part III)

PART I, LINE 3

A.H. OF MONROE COUNTY COMPENSATES ALL EXECUTIVES AND STAFF. A.H. OF MONROE COUNTY'S EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS MAY NEGOTIATE A CONTRACT WITH THE EXECUTIVE DIRECTOR. THE NEGOTIATIONS CONSIDER COMPARABLE PAY DATA FOR SIMILAR POSITIONS IN MONROE COUNTY AND KEY WEST. THE NEGOTIATIONS ARE DOCUMENTED IN THE MINUTES OF THE EXECUTIVE COMMITTEE. THE TERMS OF THE CONTRACT INCLUDE COMPENSATIONS, TIME OFF, BENEFITS, AND INCENTIVE PAY. A VOTE BY THE FULL BOARD OF DIRECTORS IS REQUIRED TO APPROVE THE CONTRACT.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• POINCIANA ROYALE ASSOCIATES LTD

  N/A · LOW INCOME HOUSING · FL