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Nonprofiteer
← VILLAGE OF ORLANDO INC

Form 990 for tax year 2023

Filed by VILLAGE OF ORLANDO INC.

Totals

Total revenue
$1,157,929
Total expenses
$1,244,912
Contributions and grants received
$20,000
Grants paid
$2,500
Program service revenue
$909,968
Investment income
$227,961
Other revenue
$0
Total assets, end of year
$15,113,038
Total liabilities, end of year
$5,310,250
Net assets or fund balances, end of year
$9,802,788
Program services expenses (Part IX)
$1,092,916
Management and general expenses
$134,252
Fundraising expenses
$17,744
Program service expenses (Part III)
$1,092,916

Program services were 87.8% 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

    $20,000

  • 2a · Program service revenue: Affordable Housing

    total $909,968 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $227,961 · unrelated business $0 · excluded $227,961

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,500 · program services $2,500

  • 5 · Compensation of officers, directors and key employees

    total $99,800 · program services $40,000 · management and general $59,800 · fundraising $0

  • 7 · Other salaries and wages

    total $156,571 · program services $156,571 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $5,850 · program services $0 · management and general $5,850 · fundraising $0

  • 10 · Payroll taxes

    total $19,352 · program services $19,352 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $45,825 · program services $15,275 · management and general $15,275 · fundraising $15,275

  • 11b · Fees: legal

    total $8,418 · program services $0 · management and general $8,418 · fundraising $0

  • 11c · Fees: accounting

    total $12,125 · program services $0 · management and general $12,125 · fundraising $0

  • 12 · Advertising and promotion

    total $2,081 · program services $2,081 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $7,536 · program services $7,536 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $108,446 · program services $100,746 · management and general $7,700 · fundraising $0

  • 17 · Travel

    total $2,316 · program services $0 · management and general $2,316 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $3,645 · program services $0 · management and general $3,645 · fundraising $0

  • 20 · Interest

    total $157,066 · program services $157,066 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $199,028 · program services $199,028 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $142,434 · program services $142,434 · management and general $0 · fundraising $0

  • 24a · Other expenses: Bank Service Charges

    total $2,469 · program services $0 · management and general $0 · fundraising $2,469

  • 24b · Other expenses: Dues and Subscriptions

    total $2,749 · program services $0 · management and general $2,749 · fundraising $0

  • 24c · Other expenses: Lawn & Outside Maintenance

    total $44,540 · program services $44,540 · management and general $0 · fundraising $0

  • 24d · Other expenses: Licenses and Permits

    total $673 · program services $0 · management and general $673 · fundraising $0

  • 24e · All other expenses

    total $221,488 · program services $205,787 · management and general $15,701 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,008,694 · end of year $8,217,716

  • 4 · Accounts receivable

    end of year $124,544

  • 7 · Other notes and loans receivable

    beginning of year $7,127 · end of year $50,000

  • 9 · Prepaid expenses and deferred charges

    end of year $15,395

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

    $8,479,239

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

    $1,818,172

  • 10c · Land, buildings and equipment, net

    beginning of year $5,539,024 · end of year $6,661,067

  • 14 · Intangible assets

    beginning of year $9,980 · end of year $9,531

  • 15 · Other assets

    end of year $34,785

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,017

  • 23 · Secured mortgages and notes payable

    beginning of year $5,672,837 · end of year $5,302,330

  • 25 · Other liabilities

    beginning of year $1,200 · end of year $7,920

  • 27 · Net assets without donor restrictions

    beginning of year $9,889,771 · end of year $9,802,788

Mission and programs · 2023

Mission

The Village of Orlando is committed to the revitalization of low-income, substandard,and drug-infested communities. The emphasis is the development of the surrounding community through the construction and renovation of affordable housing for low-income families.

Activities or mission (Part I)

The Village of Orlando is committed to the revitalization of low-income, substandard,and drug-infested communities.

  • The Village of Orlando provides quality, affordable housing to low-income families in the Orlando area. The organization also houses approximately 25 small businesses in an economic development initiative, The Village Square.

    Expenses $1,092,916 · Grants $2,500 · Revenue $909,968

As filed on the 2023 return.

Listed in Part VII

  • Allen Wiggins

    President

    Total calculated
    $59,800
    From this org
    $59,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Brandy Felton

    Secretary

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mylika Morton

    Treasurer

    Total calculated
    $4,600
    From this org
    $4,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Deborah Wiggins

    Director

    Total calculated
    $40,000
    From this org
    $40,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Luserne Noel

    Director

    Total calculated
    $33,700
    From this org
    $33,700
    From related orgs
    $0
    Other
    $0
    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.

Grants on this return

No itemized grants to organizations on this return.

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.

  • Hope Development LLC

    Affordable Housing · FL

    Directly controlled by NA

  • Hope Housing Development LLC

    Affordable Housing · FL

    Directly controlled by NA

  • Clear Lake Community Inc

    Affordable Housing · FL

    Directly controlled by The Village of Orlando

Provenance

Return type
form_990
Tax year
2023
Filed
15 June 2024
IRS schema version
2023v5.1
Source object
202423199349316922

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