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← ELDERLY HOUSING DEVELOPMENT AND OPERATIONS CORPORATION

Form 990 for tax year 2022

Filed by ELDERLY HOUSING DEVELOPMENT AND OPERATIONS CORPORATION.

Totals

Total revenue
$6,948,538
Total expenses
$9,919,565
Contributions and grants received
$49,151
Grants paid
$1,060,108
Program service revenue
$5,598,244
Investment income
$351,618
Other revenue
$949,525
Total assets, end of year
$61,198,404
Total liabilities, end of year
$11,023,130
Net assets or fund balances, end of year
$50,175,274
Program services expenses (Part IX)
$5,609,404
Management and general expenses
$4,120,085
Fundraising expenses
$190,076
Program service expenses (Part III)
$5,609,404

Program services were 56.5% 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

    $49,151

  • 2a · Program service revenue: MANAGEMENT FEES

    total $3,105,050 · related or exempt $3,105,050

  • 2b · Program service revenue: DEVELOPER FEES

    total $1,568,542 · related or exempt $1,568,542

  • 2c · Program service revenue: ACCOUNTING FEES

    total $354,364 · related or exempt $354,364

  • 2d · Program service revenue: COORDINATOR ADMIN FEES

    total $197,577 · related or exempt $197,577

  • 2e · Program service revenue: TENANT ASSISTANCE PAYMENTS

    total $172,030 · related or exempt $172,030

  • 2f · All other program service revenue

    total $200,681 · related or exempt $200,681

  • 3 · Investment income

    total $351,618 · excluded $351,618

  • 11a · Other revenue: REFUNDS AND REBATES

    total $256,893 · related or exempt $256,893

  • 11b · Other revenue: PROCEEDS FROM CLOSING

    total $215,585 · related or exempt $215,585

  • 11c · Other revenue: PENSION RELATED CHANGES

    total $204,767 · related or exempt $204,767

  • 11d · All other revenue

    total $272,280 · related or exempt $272,280

  • 11e · Other revenue, total

    $949,525

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,057,658 · program services $1,057,658

  • 2 · Grants to domestic individuals

    total $2,450 · program services $2,450

  • 5 · Compensation of officers, directors and key employees

    total $477,124 · program services $341,343 · management and general $113,025 · fundraising $22,756

  • 7 · Other salaries and wages

    total $2,507,543 · program services $1,865,196 · management and general $519,944 · fundraising $122,403

  • 8 · Pension plan contributions

    total $46,702 · program services $31,609 · management and general $13,392 · fundraising $1,701

  • 9 · Other employee benefits

    total $694,042 · program services $510,144 · management and general $151,118 · fundraising $32,780

  • 10 · Payroll taxes

    total $213,779 · program services $159,019 · management and general $44,324 · fundraising $10,436

  • 11a · Fees: management

    total $49,840 · management and general $49,840

  • 11b · Fees: legal

    total $223,555 · management and general $223,555

  • 11c · Fees: accounting

    total $205,690 · management and general $205,690

  • 11g · Fees: other

    total $542,026 · program services $16,073 · management and general $525,953

  • 12 · Advertising and promotion

    total $45,765 · management and general $45,765

  • 13 · Office expenses

    total $714,047 · program services $131,753 · management and general $582,294

  • 14 · Information technology

    total $104,521 · management and general $104,521

  • 16 · Occupancy

    total $483,951 · program services $123,994 · management and general $359,957

  • 17 · Travel

    total $693,764 · management and general $693,764

  • 19 · Conferences, conventions and meetings

    total $2,207 · program services $530 · management and general $1,677

  • 22 · Depreciation, depletion and amortization

    total $66,193 · program services $49,645 · management and general $16,548

  • 23 · Insurance

    total $232,342 · program services $173,123 · management and general $59,219

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $1,407,618 · program services $1,055,713 · management and general $351,905

  • 24b · Other expenses: OPERATING LEASE EXPENSE

    total $121,538 · program services $91,154 · management and general $30,384

  • 24c · Other expenses: MOVING EXPENSES

    total $21,857 · management and general $21,857

  • 24d · Other expenses: EMPLOYEE TRAINING

    total $5,353 · management and general $5,353

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,258,786 · end of year $8,309,894

  • 2 · Savings and temporary cash investments

    beginning of year $6,971,062 · end of year $1,248,127

  • 4 · Accounts receivable

    beginning of year $14,313,281 · end of year $17,798,746

  • 7 · Other notes and loans receivable

    beginning of year $14,928,689 · end of year $15,556,834

  • 9 · Prepaid expenses and deferred charges

    beginning of year $54,039 · end of year $72,181

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

    $1,733,734

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

    $234,951

  • 10c · Land, buildings and equipment, net

    beginning of year $1,471,361 · end of year $1,498,783

  • 11 · Investments: publicly traded securities

    beginning of year $5,814,304 · end of year $6,558,978

  • 12 · Investments: other securities

    beginning of year $1,948,054 · end of year $1,308,790

  • 15 · Other assets

    beginning of year $7,232,538 · end of year $8,846,071

  • 17 · Accounts payable and accrued expenses

    beginning of year $433,044 · end of year $2,405,519

  • 19 · Deferred revenue

    beginning of year $5,058 · end of year $1,795

  • 21 · Escrow or custodial account liability

    beginning of year $6,544 · end of year $6,864

  • 23 · Secured mortgages and notes payable

    beginning of year $1,036,239 · end of year $905,196

  • 25 · Other liabilities

    beginning of year $4,564,125 · end of year $7,703,756

  • 27 · Net assets without donor restrictions

    beginning of year $52,947,104 · end of year $48,308,921

  • 28 · Net assets with donor restrictions

    end of year $1,866,353

Mission and programs · 2022

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE MANAGEMENT OF THE DAY-TO-DAY ACTIVITIES OF HOUSING PROJECTS THAT ARE REGULATED BY THE DEPARTMENT OF HOUSING & URBAN DEVELOPMENT (HUD) AND SPONSORSHIPS WITH HOUSING PROJECTS. THE ORGANIZATION ALSO DEVELOPS NEW PROJECTS TO EXPAND THEIR CAPACITY OF PROVIDING LOW-INCOME HOUSING THROUGH THE ADDITIONAL PROJECTS.

  • THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE MANAGEMENT OF THE DAY-TO-DAY ACTIVITIES OF HOUSING PROJECTS THAT ARE REGULATED BY THE DEPARTMENT OF HOUSING & URBAN DEVELOPMENT (HUD) AND SPONSORSHIPS WITH HOUSING PROJECTS. THE ORGANIZATION ALSO DEVELOPS NEW PROJECTS TO EXPAND THEIR CAPACITY OF PROVIDING LOW-INCOME HOUSING THROUGH THE ADDITIONAL PROJECTS.

    Expenses $5,609,404 · Grants $1,060,108 · Revenue $6,547,769

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Melanie Ribeiro

    PRESIDENT &

    Total calculated
    $423,143
    From this org
    $346,895
    From related orgs
    $0
    Other
    $76,248
    Hours/week
    30 + 10.7 related

    Schedule J breakdown matched by us

    Base
    $346,895
    Bonus
    not reported
    Other
    not reported
    Deferred
    $31,221
    Nontaxable benefits
    $45,027
    Filer's total
    $423,143

  • Roland Broussard

    SR VP DEV. &

    Total calculated
    $220,853
    From this org
    $167,881
    From related orgs
    $0
    Other
    $52,972
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,881
    Bonus
    not reported
    Other
    not reported
    Deferred
    $15,109
    Nontaxable benefits
    $37,863
    Filer's total
    $220,853

  • Irene Phillips

    CFO

    Total calculated
    $206,094
    From this org
    $175,350
    From related orgs
    $0
    Other
    $30,744
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,350
    Bonus
    not reported
    Other
    not reported
    Deferred
    $15,782
    Nontaxable benefits
    $14,962
    Filer's total
    $206,094

  • John Olsen

    DIRECTOR

    Total calculated
    $27,337
    From this org
    $26,541
    From related orgs
    $0
    Other
    $796
    Hours/week
    16 + 3 related

  • Edward L Romero

    1ST VICE PRE

    Total calculated
    $24,000
    From this org
    $24,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mary Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maxine Carter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maria Cordone

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 11 related

  • Eric Dean

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ellen Feingold

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tony Fransetta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Leo W Gerard

    2ND VICE PRE

    Total calculated
    $0
    Hours/week
    1

  • Robert Martinez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paulo Melo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lou Moret

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cecil Roberts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Erica Schmelzer

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 23.9 related

  • Christopher Shelton

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Roger Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

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.

  • EHDOC DEVELOPMENT SERVICES LLC

    LOW INCOME · FL · income $1,568,542 · assets $17,526,648

    Directly controlled by EHDOC

  • MONTFORT HEIGHTS SENIOR APTS LLC

    LOW INCOME · ME · income $45,323 · assets $994,890

    Directly controlled by EHDOC

  • EHDOC EARL BOURDON CHARITABLE LLC

    LOW INCOME · FL

    Directly controlled by EHDOC

  • EHDOCBLD WALTERSVILLE SCHOOL LLC

    LOW INCOME · CT

    Directly controlled by EHDOC

  • EHDOC ERT II GP LLC

    LOW INCOME · IL

    Directly controlled by EHDOC

  • EHDOC TRANSPORTATION LLC

    LOW INCOME · IL · income -$5,771 · assets $61,053

    Directly controlled by EHDOC

  • EHDOC MANAGEMENT LLC

    LOW INCOME · IL · income -$1,384 · assets $263

    Directly controlled by EHDOC

Related partnerships

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

  • EHDOC PEPPER TOWERS LP

    RELATED · LOW INCOME · FL · share of income -$26 · share of assets $1,296 · general or managing partner

    Directly controlled by EHDOC

  • EHDOC MAYFIELD MANOR LP

    RELATED · LOW INCOME · OH · share of income -$16 · share of assets $900 · general or managing partner

    Directly controlled by EHDOC

  • EHDOC ROBERT SHARP TOWERS II LP

    RELATED · LOW INCOME · FL · share of income $22 · share of assets $904 · general or managing partner

    Directly controlled by EHDOC

  • 1809 BRICKELL LP

    RELATED · LOW INCOME · FL · share of income -$139 · general or managing partner

    Directly controlled by EHDOC

  • EHDOC SENIOR APARTMENTS I LP

    RELATED · LOW INCOME · CA · share of income $30 · share of assets $555 · general or managing partner

    Directly controlled by EHDOC

  • EHDOC J MICHAEL FITZGERALD APARTME

    RELATED · LOW INCOME · IL · share of income -$58 · share of assets $1,756 · general or managing partner

    Directly controlled by EHDOC

  • EHDOC ANTHONY DELORENZO TOWERS LP

    RELATED · LOW INCOME · CT · share of income $15 · share of assets $595 · general or managing partner

    Directly controlled by EHDOC

  • EHDOC DINO PAPAVERO LP

    RELATED · LOW INCOME · CA · share of income -$25 · share of assets $1,174 · general or managing partner

    Directly controlled by EHDOC

  • EHDOC CANTON APARTMENTS LP

    RELATED · LOW INCOME · OH · general or managing partner

    Directly controlled by EHDOC

  • EHDOC COUNCIL TOWERS LP

    RELATED · LOW INCOME · FL · share of income -$127 · share of assets $5,061 · general or managing partner

    Directly controlled by EHDOC

  • EHDOC NORTH PARK VILLAGE LP

    RELATED · LOW INCOME · IL · share of income -$85 · share of assets $4,400 · general or managing partner

    Directly controlled by EHDOC

  • LAS BRISAS TRACE LP

    RELATED · LOW INCOME · FL · share of income -$83 · share of assets $1,604 · general or managing partner

    Directly controlled by EHDOC

  • EHDOC EDWARD ROMERO TERRACE II LP

    RELATED · LOW INCOME · IL · general or managing partner

    Directly controlled by EHDOC

  • EHDOC BRIDGEPORT SENIOR APARTMENTS

    RELATED · LOW INCOME · CT · general or managing partner

    Directly controlled by EHDOC

  • ALLAPATTAH RESIDENTIAL LP

    RELATED · LOW INCOME · FL · share of income -$124 · share of assets $3,011 · general or managing partner

    Directly controlled by EHDOC

  • NPVA GP LLC

    RELATED · LOW INCOME · IL

    Directly controlled by EHDOC

  • ANTHONY DELORENZO GP LLC

    RELATED · LOW INCOME · CT

    Directly controlled by EHDOC

  • JM FITZGERALD GP LLC

    RELATED · LOW INCOME · IL

    Directly controlled by EHDOC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411359349301746

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