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Nonprofiteer
← GULF COAST HERON HOUSING INC

Form 990 for tax year 2024

Filed by GULF COAST HERON HOUSING INC.

Totals

Total revenue
$957,210
Total expenses
$1,345,903
Contributions and grants received
$608,045
Grants paid
$0
Program service revenue
$330,351
Investment income
$156
Other revenue
$18,658
Total assets, end of year
$2,689,074
Total liabilities, end of year
$6,783,013
Net assets or fund balances, end of year
-$4,093,939
Program services expenses (Part IX)
$1,025,979
Management and general expenses
$319,924
Fundraising expenses
$0
Program service expenses (Part III)
$1,025,979

Program services were 76.2% 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)

    $608,045

  • 2a · Program service revenue: RENTAL INCOME

    total $330,351 · related or exempt $330,351

  • 3 · Investment income

    total $156 · excluded $156

  • 11a · Other revenue: LAUNDRY AND VENDING IN

    total $11,266 · related or exempt $11,266

  • 11b · Other revenue: FORFEITED SECURITY DEP

    total $7,352 · related or exempt $7,352

  • 11d · All other revenue

    total $40 · related or exempt $40

  • 11e · Other revenue, total

    $18,658

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $173,049 · program services $62,229 · management and general $110,820

  • 9 · Other employee benefits

    total $37,918 · program services $1,699 · management and general $36,219

  • 10 · Payroll taxes

    total $9,812 · program services $9,812

  • 11a · Fees: management

    total $96,513 · management and general $96,513

  • 11c · Fees: accounting

    total $61,859 · management and general $61,859

  • 11g · Fees: other

    total $253 · program services $253

  • 13 · Office expenses

    total $46,357 · program services $31,844 · management and general $14,513

  • 16 · Occupancy

    total $752,767 · program services $752,767

  • 17 · Travel

    total $1,955 · program services $1,955

  • 19 · Conferences, conventions and meetings

    total $3,589 · program services $3,589

  • 22 · Depreciation, depletion and amortization

    total $161,831 · program services $161,831

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $197,510 · end of year $15,711

  • 4 · Accounts receivable

    beginning of year $1,694 · end of year $1,483

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $71

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

    $6,226,386

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

    $3,847,505

  • 10c · Land, buildings and equipment, net

    beginning of year $2,423,999 · end of year $2,378,881

  • 15 · Other assets

    beginning of year $189,981 · end of year $292,928

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,469 · end of year $32,037

  • 19 · Deferred revenue

    beginning of year $94 · end of year $94

  • 23 · Secured mortgages and notes payable

    beginning of year $5,832,392 · end of year $5,832,392

  • 25 · Other liabilities

    beginning of year $641,002 · end of year $918,490

  • 27 · Net assets without donor restrictions

    beginning of year -$3,703,773 · end of year -$4,093,939

Mission and programs · 2024

Mission

TO PROVIDE ELDERLY PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.

Activities or mission (Part I)

TO PROVIDE HOUSING TO THE LOW-INCOME ELDERLY POPULATION

  • THE ORGANIZATION OPERATES MYRTLE OAKS, A 99-UNIT RESIDENTIAL FACILITY IN HILLSBOROUGH COUNTY, FLORIDA FOR LOW-INCOME ELDERLY PERSONS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE PROJECT IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.

    Expenses $1,025,979 · Revenue $349,009

As filed on the 2024 return.

Listed in Part VII

  • EDI ERB

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • SHEILA LOPEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • DR SANDRA E BRAHAM

    PRESIDENT/CEO

    Total calculated
    $315,620
    From this org
    $0
    From related orgs
    $285,937
    Other
    $29,683
    Hours/week
    2 + 42.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $273,437 related
    Bonus
    $0 + $12,500 related
    Other
    $0
    Deferred
    $0 + $5,431 related
    Nontaxable benefits
    $0 + $24,252 related
    Filer's total
    $0 + $315,620 related

  • ANTHONY SACCENTO

    CFO

    Total calculated
    $28,107
    From this org
    $0
    From related orgs
    $27,692
    Other
    $415
    Hours/week
    2 + 42.5 related

  • ELKE CUMMING

    SR VICE PRESIDENT

    Total calculated
    $134,672
    From this org
    $0
    From related orgs
    $122,438
    Other
    $12,234
    Hours/week
    2 + 40.5 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

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION'S OFFICERS ARE SHARED WITH AND COMPENSATED BY GULF COAST JEWISH FAMILY AND COMMUNITY SERVICES, INC. (GCJFCS), A RELATED 501(C)(3) ORGANIZATION. SEE THE SCHEDULE O DISCLOSURE IN RESPONSE TO FORM 990, PART VI, SECTION B, LINE 15 FOR A DESCRIPTION OF THE PROCESS GCJFCS USES TO DETERMINE COMPENSATION.

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
2024
Filed
7 April 2026
IRS schema version
2024v5.5
Source object
202621069349300002

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