Blackwater Housing Corporation
- Assets
- $306.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Destin, FL
- Founding
- 01/1996
- Data as of
- 05/2023
- EIN
- 59-3221444
Organization Overview
Blackwater Housing Corporation is located in Destin, FL. The organization was established in 1996. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Blackwater Housing Corporation 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 05/2023, Blackwater Housing Corporation generated $29.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (40.0%) each year. All expenses for the organization totaled $66.4k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (35.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
NEIGHBORHOOD STABILIZATION PROGRAM IS A PROJECT TO PURCHASE SINGLE FAMILY HOMES THAT WERE IMPACTED IN THE NATIONAL HOME FORECLOSURE CRISIS. IN TURN, WITH THE HELP OF THE SANTA ROSA COUNTY HOUSING PROGRAM, 4 HOMES WERE ABLE TO BE REFURBISHED TO PROVIDE AFFORDABLE HOUSING TO VERY LOW INCOME HOUSEHOLDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Cole Director | 0 | $0 | |
Veneta Finley Director | 0 | $0 | |
Rebecca Freeman President | 2 | $0 | |
Michael G Kent Manager | 40 | $0 | |
Cynthia Wilcox Treasurer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Progressive Management Of America Inc Property Management | 5/30/15 | $149,400 |
Progressive Management Of America Inc Administrative & Maintenance | 5/30/15 | $244,346 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $29,725 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $29,725 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,718 |
| Occupancy, rent, utilities, and maintenance | $48,107 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $14,538 |
| Total expenses | $66,363 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $306,578 |
| Other assets | $0 |
| Total assets | $306,578 |
| Total liabilities | $460,916 |
| Net assets or fund balances | -$154,338 |