Halifax Area Lodging Association Inc
- Assets
- $78.1k
- Revenue
- $93.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Daytona Beach Shores, FL
- Founding
- 01/1989
- Data as of
- 12/2023
- EIN
- 59-2406058
Organization Overview
Halifax Area Lodging Association Inc, operating under the name Lodging & Hospitality Association O, is located in Daytona Beach Shores, FL. The organization was established in 1989. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Lodging & Hospitality Association O employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lodging & Hospitality Association O is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Lodging & Hospitality Association O generated $93.3k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $94.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 9 years. 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
THE HALIFAX AREA LODGING ASSOCIATION IS A BUSINESS LEAGUE OF HOTELS AS DEFINED BY CODE SECTION 501 (C) (6), ORGANIZED TO PROMOTE COMMON INTEREST IN THE DEVELOPMENT OF BUSINESS CONDITIONS IN THE HOTEL/MOTEL INDUSTRY OF THE HALIFAX AREA. THE ORGANIZATION TAKES INTO CONSIDERATION A STUDY OF VARIOUS PROBLEMS THE INDUSTRY HAS IN ITS COMMUNITY. ALL REVENUE AND EXPENDITURES OF THE ORGANIZATION ARE USED TO MEET THIS PURPOSE IN THE FORM OF MEETING, SEMINARS, HOTEL/MOTEL ADMINISTRATION AND SCHOLARSHIPS AT LOCAL COLLEGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HALIFAX AREA LODGING ASSOCIATION IS A BUSINESS LEAGUE OF HOTELS AS DEFINED BY CODE SECTION 501(C)6, ORGANIZED TO PROMOTE COMMON INTEREST IN THE DEVELOPMENT AND IMPROVEMENT OF BUSINESS CONDITIONS IN THE HOTEL/MOTEL INDUSTRY OF THE HALIFAX AREA. THE ORGANIZATION TAKES INTO CONSIDERATION A STUDY OF VARIOUS PROBLEMS THE INDUSTRY HAS IN ITS COMMUNITY. ALL REVENUES AND EXPENDITURES OF THE ORGANIZATION ARE USED TO MEET THIS PURPOSE IN THE FORM OF MEETINGS, SEMINARS, HOTEL/MOTEL ADMINISTRATION AND SCHOLARSHIPS AT THE LOCAL COLLEGES.
HALIFAX AREA LODGING ASSOCIATION IS A BUSINESS LEAGUE OF HOTELS AS DEFINED BY CODE SECTION 501(C)6, ORGANIZED TO PROMOTE COMMON INTEREST IN THE DEVELOPMENT AND IMPROVEMENT OF BUSINESS CONDITIONS IN THE HOTEL/MOTEL INDUSTRY OF THE HALIFAX AREA. THE ORGANIZATION TAKES INTO CONSIDERATION A STUDY OF VARIOUS PROBLEMS THE INDUSTRY HAS IN ITS COMMUNITY. ALL REVENUES AND EXPENDITURES OF THE ORGANIZATION ARE USED TO MEET THIS PURPOSE IN THE FORM OF MEETINGS, SEMINARS, HOTEL/MOTEL ADMINISTRATION AND SCHOLARSHIPS AT THE LOCAL COLLEGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Davidson President | OfficerTrustee | 40 | $43,066 |
Deborah Bailey Secretary | Officer | $0 | |
John Betros Chairman | Trustee | $0 | |
Manoj Bhoola 2nd Vice Cha | OfficerTrustee | $0 | |
Steve Farley 1st Vice Cha | OfficerTrustee | $0 | |
Peter Coleman Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $81,458 |
| 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 | $81,458 |
| Total Program Service Revenue | $0 |
| 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 | $7,362 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $93,260 |
| 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 | $57,976 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,506 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,794 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,705 |
| Advertising and promotion | $0 |
| Office expenses | $3,018 |
| Information technology | $997 |
| Royalties | $0 |
| Occupancy | $3,051 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,265 |
| Interest | $67 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,786 |
| All other expenses | $0 |
| Total functional expenses | $94,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,760 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,932 |
| 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 | $435 |
| Total assets | $78,127 |
| 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 | $11,277 |
| Total liabilities | $11,277 |
| 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 | $66,850 |
| Total liabilities and net assets/fund balances | $78,127 |