Housing Leadership Council Of Palm Beach County Inc
- Assets
- $346.9k
- Revenue
- $293.1k
- Investments
- $0.0
- Employees
- 2
- Location
- West Palm Beach, FL
- Founding
- 03/2007
- Data as of
- 06/2022
- EIN
- 20-4416008
Organization Overview
Housing Leadership Council Of Palm Beach County Inc is located in West Palm Beach, FL. The organization was established in 2007. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Housing Leadership Council Of Palm Beach County Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Leadership Council Of Palm Beach County Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Housing Leadership Council Of Palm Beach County Inc generated $293.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $248.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE HOUSING LEADERSHIP COUNCIL OF PALM BEACH COUNTY'S PRIMARY GOAL (SEE CONTINUATION ON SCHEDULE O) IS TO INCREASE THE AVAILABILITY OF HOUSING OPTIONS THROUGHOUT PALM BEACH COUNTY FOR WORKERS AT ALL INCOME LEVELS. OUR VISION IS HOUSING FOR ALL OF PALM BEACH COUNTY'S RESIDENTS THAT IS EQUITABLE, FINANCIALLY FEASIBLE, AND SUSTAINABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REDUCING REGULATORY BARRIERS AND CREATING INCENTIVES - WE REVIEW ALL REGULATIONS THAT EFFECT THE COST OF HOUSING AND TRY TO REDUCE, WAIVE OR ELIMINATE FEES AND PROCESSES THAT MAKE IT DIFFICULT TO BUILD HOUSING UNITS THAT ARE AFFORDABLE TO OUR RESIDENTS. WE ALSO ENCOURAGE INCENTIVES THAT WILL ENCOURAGE MARKET RATE BUILDERS TO INCLUDE MORE AFFORDABLE UNITS.
EDUCATION OUTREACH AND REFERRAL - A LARGE PART OF OUR EFFORTS INVOLVE INFORMING HOUSING STAKEHOLDERS ABOUT OPPORTUNITIES AND CONNECTING THEM TO THE MOST APPROPRIATE RESOURCES. WE HAVE SEEN A HUGE INCREASE IN REQUESTS SINCE APRIL 2020 DUE TO THE PANDEMIC. WE WERE RECEIVING AN AVERAGE OF 400 REQUESTS PER MONTH FOR ASSISTANCE WITH HOUSING COSTS DUE TO PANDEMIC RELATED INCOME LOSS.
DEVELOPING HOMEBUYER/RENTAL OPPORTUNITIES - OUR GOAL IS TO INCREASE THE NUMBER OF UNITS THAT ARE AFFORDABLE TO MODERATE, LOW AND VERY LOW INCOME INDIVIDUALS AND FAMILIES. WE DO THIS BY ADDING FRONT-END SUBSIDY TO ASSIST HOUSING DEVELOPMENT EFFORTS BY INCREASING PRODUCTION AND BACK-END SUBSIDY TO MAKE UNITS MORE AFFORDABLE TO BUYERS AND RENTERS.
CAPACITY BUILDING AND COLLABORATIVE EFFORTS - WE WORK WITH ALL HOUSING STAKEHOLDERS TO INCREASE CAPACITY SO THEY ARE ABLE TO TAKE ADVANTAGE OF PRIVATE, LOCAL, STATE AND FEDERAL FUNDING OPPORTUNITIES. WE ALSO COORDINATE EFFORTS AND CREATE PARTNERSHIPS IN ORDER TO TAKE ADVANTAGE OF ECONOMIES OF SCALE AS WELL AS AVOIDING DUPLICATION OF SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Cabrera President & CEO | Officer | 40 | $106,000 |
Jack Weir Chair | OfficerTrustee | 4 | $0 |
Dodi Glas Vice-Chair | OfficerTrustee | 2 | $0 |
Patricia Fitzgerald Immedicate Past Chair | OfficerTrustee | 2 | $0 |
Monclaude Nestor Secretary | OfficerTrustee | 2 | $0 |
Scott Montgomery Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,850 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $281,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $286,850 |
| Total Program Service Revenue | $2,400 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $293,087 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $111,385 |
| Compensation of current officers, directors, key employees. | $6,683 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,734 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,721 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,669 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,751 |
| Advertising and promotion | $0 |
| Office expenses | $2,659 |
| Information technology | $5,574 |
| Royalties | $0 |
| Occupancy | $2,388 |
| Travel | $8,347 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,048 |
| All other expenses | $0 |
| Total functional expenses | $248,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $324,957 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,799 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $168 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $346,924 |
| Accounts payable and accrued expenses | $15,448 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,448 |
| Net assets without donor restrictions | $276,476 |
| Net assets with donor restrictions | $55,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $346,924 |