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Nonprofiteer
← NORTHWEST FLORIDA COMMUNITY HOUSING DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by NORTHWEST FLORIDA COMMUNITY HOUSING DEVELOPMENT CORPORATION.

Totals

Total revenue
$360,016
Total expenses
$504,408
Contributions and grants received
$360,016
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$799,120
Total liabilities, end of year
$836,633
Net assets or fund balances, end of year
-$37,513
Program services expenses (Part IX)
$497,158
Management and general expenses
$7,250
Fundraising expenses
$0
Program service expenses (Part III)
$497,158

Program services were 98.6% 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.

  • 1e · Government grants (contributions)

    $360,016

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $38,945 · program services $38,945

  • 11c · Fees: accounting

    total $7,250 · management and general $7,250

  • 11g · Fees: other

    total $135,228 · program services $135,228

  • 24a · Other expenses: CONSTRUCTION COST

    total $322,985 · program services $322,985

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $53,613 · end of year $204,614

  • 3 · Pledges and grants receivable

    beginning of year $110,938 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $368,750

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

    $138,768

  • 10c · Land, buildings and equipment, net

    beginning of year $138,768 · end of year $138,768

  • 15 · Other assets

    beginning of year $81,399 · end of year $86,988

  • 17 · Accounts payable and accrued expenses

    beginning of year $277,839 · end of year $817,822

  • 25 · Other liabilities

    beginning of year $0 · end of year $18,811

  • 27 · Net assets without donor restrictions

    beginning of year $106,879 · end of year -$37,513

Mission and programs · 2024

Mission

TO COLLABORATE WITH OTHERS IN THE FUNDING, PRODUCTION AND PROMOTION OF AFFORDABLE HOUSING OPPORTUNITIES FOR POPULATIONS INCLUDING, BUT NOT LIMITED TO, PERSONS DEFINED BY HUD AS LOW TO MODERATE INCOME, PERSONS WITH DEVELOPMENTAL AND/OR INTELLECTUAL DISABILITIES; PERSONS WITH SPECIAL NEEDS; YOUTH THAT HAVE AGED OUT OF THE STATE FOSTER CARE PROGRAM; SURVIVORS OF NATURAL DISASTERS; SURVIVORS OF DOMESTIC ABUSE; AND DISABLED VETERANS LIVING IN THE COMMUNITIES OF NORTHWEST FLORIDA.

  • CONSTRUCTION PROGRAM WITH A FOCUS ON THE DEVELOPMENT OF AFFORDABLE SINGLE FAMILY HOMES FOR SALE TO FAMILIES DEFINED AS LOW TO MODERATE INCOME, AS DEFINED BY HOUSING AND URBAN DEVELOPMENT (HUD) AMI INCOME CHARTS.

    Expenses $497,158 · Revenue $360,016

  • CONSTRUCTION PROGRAM WITH A FOCUS ON THE DEVELOPMENT OF AFFORDABLE RENTAL HOUSING UNITS FOR ADULT COMMUNITY MEMBERS WITH DEVELOPMENTAL DISABILITIES.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard Baker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael King

    TREASURER/CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Larry Watson Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Samuel R Young

    CEO

    Total calculated
    $173,525
    From this org
    $0
    From related orgs
    $168,462
    Other
    $5,063
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $153,462 related
    Bonus
    $0 + $15,000 related
    Other
    $0
    Deferred
    $0 + $5,063 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $173,525 related

  • Kimberly Wilson

    COO

    Total calculated
    $151,942
    From this org
    $0
    From related orgs
    $139,128
    Other
    $12,814
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $136,000 related
    Bonus
    $0 + $3,128 related
    Other
    $0
    Deferred
    $0 + $4,174 related
    Nontaxable benefits
    $0 + $8,640 related
    Filer's total
    $0 + $151,942 related

  • Teresa McMaster

    CFO

    Total calculated
    $130,062
    From this org
    $0
    From related orgs
    $126,274
    Other
    $3,788
    Hours/week
    1 + 39 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

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
2024
Filed
13 May 2026
IRS schema version
2024v5.5
Source object
202601349349302690

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