Senior Citizens Housing Development Corporation Of Washington
- Assets
- $1.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Plantation, FL
- Founding
- 06/2002
- Data as of
- 12/2023
- EIN
- 52-1485732
Organization Overview
Senior Citizens Housing Development Corporation Of Washington, operating under the name Morton & Florence Bahr Towers, is located in Plantation, FL. The organization was established in 2002. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Morton & Florence Bahr Towers employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morton & Florence Bahr Towers 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 12/2023, Morton & Florence Bahr Towers generated $1.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED, REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED, REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melanie Ribeiro Director / V | Officer | 0.7 | $424,921 |
Maria Cordone Secretary | OfficerTrustee | 0.3 | $0 |
William Holayter Director | OfficerTrustee | 0.1 | $0 |
John Olsen Director | Trustee | 0.5 | $0 |
Edwin Powell Director | Trustee | 0.1 | $0 |
Erica Schmelzer Treasurer | OfficerTrustee | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,322 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,322 |
| Total Program Service Revenue | $1,181,646 |
| Investment income | $648 |
| 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 | $1,192,974 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $210,114 |
| Pension plan accruals and contributions | $54,418 |
| Other employee benefits | $103,372 |
| Payroll taxes | $19,071 |
| Fees for services: Management | $49,061 |
| Fees for services: Legal | $459 |
| Fees for services: Accounting | $20,056 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $106,492 |
| Advertising and promotion | $2,302 |
| Office expenses | $23,857 |
| Information technology | $7,926 |
| Royalties | $0 |
| Occupancy | $375,151 |
| Travel | $300 |
| 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 | $196,220 |
| Insurance | $2,026 |
| All other expenses | $0 |
| Total functional expenses | $1,174,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,542 |
| Savings and temporary cash investments | $397,844 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $102,746 |
| 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 | $11,898 |
| Net Land, buildings, and equipment | $1,097,645 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,498 |
| Total assets | $1,651,173 |
| Accounts payable and accrued expenses | $179,876 |
| Grants payable | $0 |
| Deferred revenue | $160 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $13,679 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,503,007 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $112,710 |
| Total liabilities | $3,809,432 |
| Net assets without donor restrictions | -$2,158,259 |
| Net assets with donor restrictions | $0 |
| 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 | $1,651,173 |