First Baptist Housing Inc
- Assets
- $0.0
- Revenue
- $4.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 06/1968
- Data as of
- 12/2021
- EIN
- 59-2357101
Organization Overview
First Baptist Housing Inc is located in Orlando, FL. The organization was established in 1968. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Baptist Housing 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 12/2021, First Baptist Housing Inc generated $4.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (55.8%) each year. All expenses for the organization totaled $214.2k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FIRST BAPTIST HOUSING, INC. PROVIDES HOUSING AT BELOW MARKET RATES TO THE ELDERLY. IT IS A HIGH-RISE APARTMENT COMPLEX UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND IS REGULATED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENT CHARGES AND OPERATING METHODS. EFFECTIVE IN 2020, THE HOUSING FACILITY (THE MAIN ASSET OF THE ORGANIZATION) WAS SOLD TO AN UNRELATED ENTITY AND THE ORGANIZATION DISSOLVED EFFECTIVE AUGUST 2021.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRST BAPTIST HOUSING, INC. FURNISHES CARE AND HOUSING TO AGED INDIVIDUALS WHO WOULD OTHERWISE BE UNABLE TO PROVIDE FOR THEMSELVES WITHOUT HARDSHIP AND SUCH SERVICES ARE RENDERED TO ALL OF ITS RESIDENTS AT SUBSTANTIALLY BELOW THE ACTUAL COST THEREOF, TO THE EXTENT OF THE ORGANIZATION'S FINANCIAL ABILITY. THE SERVICES ARE OF A TYPE WHICH MINISTER TO THE NEEDS AND RELIEF OF HARDSHIP OR DISTRESS OF AGED INDIVIDUALS. ALONG WITH PROVIDING BELOW MARKET HOUSING, THE ORGANIZATION PROVIDES NUMEROUS COMMUNITY SERVICES, THE LACK OF WHICH WOULD IMPOSE A HARDSHIP ON MANY ELDERLY AND INCREASE THE PUBLIC'S COST AND RESPONSIBILITY IN HOUSING AND CARING FOR THESE ELDERLY INDIVIDUALS. EFFECTIVE IN 2020, THE HOUSING FACILITY (THE MAIN ASSET OF THE ORGANIZATION) WAS SOLD TO AN UNRELATED ENTITY AND THE ORGANIZATION DISSOLVED EFFECTIVE AUGUST 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Majors Director | Trustee | 0 | $0 |
Danny Dearmas Director | Trustee | 0 | $0 |
J Judd Peterson Director | Trustee | 0 | $0 |
Paulette Smith Director | Trustee | 0 | $0 |
Alan E Hair Treasurer | OfficerTrustee | 0 | $0 |
Michael Hammond Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $2,943 |
| 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 | $4,239 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $208,584 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $25 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $844 |
| All other expenses | $0 |
| Total functional expenses | $214,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| 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 | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |