Orlando Central Towers Inc
- Assets
- $0.0
- Revenue
- $145.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Oviedo, FL
- Founding
- 01/1967
- Data as of
- 10/2020
- EIN
- 59-6178235
Organization Overview
Orlando Central Towers Inc is located in Oviedo, FL. The organization was established in 1967. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Orlando Central Towers 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 10/2020, Orlando Central Towers Inc generated $145.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $2.7m during the year ending 10/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Orlando Central Towers Inc has awarded 19 individual grants totaling $2,789,193. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES LOW INCOME HOUSING FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES LOW INCOME HOUSING FOR THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Clements Secretary | 1 | $0 | |
Robert Sparrow Vice President | 1 | $0 | |
George Smith President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $56,250 |
| Dividends & Interest | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $145,811 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $26,508 |
| Occupancy | $21,687 |
| Travel, conferences, and meetings | $2,327 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $95,740 |
| Contributions, gifts, grants paid | $2,617,622 |
| Total expenses and disbursements | $2,713,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,997,028 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $77,597 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,883 |
Grants Awarded
Over the last fiscal year, Orlando Central Towers Inc has awarded $2,617,622 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Orlando, FL PURPOSE: FORGIVENESS OF LOAN | $2,616,622 |
CENTRAL CARE MISSION PURPOSE: DONATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sunrise Northeast Inc Miami, FL | $3,715,475 | $18,670,620 |
Affordable Housing Preservation Corporation St Augustine, FL | $540,750,555 | $2,294,342 |
Preservation Housing Inc Mobile, AL | $45,095,355 | $8,020,455 |
Nonprofit Housing Preservations Sb Inc Riviera Beach, FL | $13,108,120 | $31,278,179 |
Jewish Association For Residential Care Inc Boca Raton, FL | $7,062,896 | $8,370,046 |
Habitat For Humanity Of Greater Miami Inc Miami, FL | $44,913,698 | $17,755,764 |
Contemporary Housing Alternatives Of Florida Inc Clearwater, FL | $42,120,344 | $6,399,709 |
John Sparks Manor Inc Union City, GA | $0 | $5,675,234 |
Housing And Neighborhood Development Services Of Central Orlando, FL | $22,476,842 | $6,815,149 |
Larry Moore Manor Inc Union City, GA | $0 | $4,277,912 |
Rhg-Afforable Housing Ii Inc Atlanta, GA | $13,550,062 | $7,175,901 |
Broadway Towers Inc Atlanta, GA | $17,531,706 | $3,119,210 |