Broward County Community Development Corporation Inc
- Assets
- $8.2m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Lauderdale, FL
- Founding
- 06/1993
- Data as of
- 06/2022
- EIN
- 65-0407370
Organization Overview
Broward County Community Development Corporation Inc, operating under the name Broward Housing Solutions Inc, is located in Fort Lauderdale, FL. The organization was established in 1993. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broward Housing Solutions 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 06/2022, Broward Housing Solutions Inc generated $4.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $3.7m during the year ending 06/2022. While expenses have increased by 1.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY, PERMANENT AND AFFORDABLE HOUSING OPPORTUNITIES TO MEET THE NEEDS OF LOWER INCOME OR HOMELESS PEOPLE WITH DISABILITIES, WHO ALSO HAVE A MENTAL ILLNESS. CORE VALUES ARE: STABILITY, DIGNITY AND HOPE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING PROGRAM: 1. PREVENTS HOMELESSNESS: BHS AFFORDABLE AND SUPPORTIVE HOUSING PREVENTS LOW-INCOME PEOPLE FROM BECOMING HOMELESS. COUPLED WITH COLLABORATION FROM COMMUNITY BEHAVIORAL HEALTH PARTNERS OFFERING AN ARRAY OF SUPPORT SERVICES ENCOURAGES A PERMANENT EXODUS FROM THE STREETS. 2. PROVIDES OPPORTUNITY: BHS AFFORDABLE AND SUPPORTIVE HOUSING PROVIDES LOW-INCOME PEOPLE A SAFE HOME WHERE THEY ARE PROVIDED THE TOOLS FOR SUCCESSFUL, LONG-TERM, INDEPENDENT LIVING, ACHIEVING LONG-TERM SELF SUFFICIENCY. 3. SOCIAL BENEFIT: BHS AFFORDABLE HOUSING FOR YOUNG ADULTS ADDRESSES THE IMMEDIATE NEEDS FOR LONG-TERM STABILITY AND PRODUCTIVE CITIZENS WHICH PRODUCES SIGNIFICANT SOCIAL BENEFITS AND REDUCES SUBSTANTIAL FINANCIAL STRAINS ON OUR COMMUNITIES (TAXPAYERS), SUCH AS INCARCERATION, OVER- UTILIZATION OF EMERGENCY ROOMS AND SUBSTANCE ABUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Vecchi Executive Di | Officer | 60 | $151,658 |
Thomas Bluth Treasurer | OfficerTrustee | 20 | $0 |
Pam Kane Board Member | Trustee | 22 | $0 |
Marc Esko Board Member | Trustee | 2 | $0 |
Steven Holtz Board Member | Trustee | 12 | $0 |
Alan Methelis Board Member | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,239,358 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,567,055 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,806,413 |
| Total Program Service Revenue | $670,335 |
| Investment income | $1,747 |
| 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 | $4,659,433 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $161,415 |
| Grants and other assistance to domestic individuals. | $910,586 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $151,702 |
| Compensation of current officers, directors, key employees. | $26,828 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $895,590 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $193,027 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,770 |
| Fees for services: Accounting | $66,813 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,213 |
| Advertising and promotion | $17,159 |
| Office expenses | $37,005 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $37,935 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $64,453 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $329,940 |
| Insurance | $222,832 |
| All other expenses | $53,154 |
| Total functional expenses | $3,695,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $653,012 |
| Savings and temporary cash investments | $359,142 |
| Pledges and grants receivable | $822,807 |
| Accounts receivable, net | $42,241 |
| 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 | $294,957 |
| Net Land, buildings, and equipment | $5,933,328 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $249 |
| Other assets | $99,850 |
| Total assets | $8,205,586 |
| Accounts payable and accrued expenses | $259,964 |
| Grants payable | $0 |
| Deferred revenue | $50,752 |
| 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 | $2,969,589 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $151,368 |
| Total liabilities | $3,431,673 |
| Net assets without donor restrictions | $4,773,913 |
| 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 | $8,205,586 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Broward County Community Development Corporation Inc has recieved totaling $801,551.
| Awarding Organization | Amount |
|---|---|
Broward Behavorial Health Coalition Inc Lauderhill, FL | | $655,357 |
United Way Of Broward County Fort Lauderdale, FL PURPOSE: General Support | $76,517 |
Community Foundation Of Broward Inc Fort Lauderdale, FL PURPOSE: HUMAN SERVICE | $44,654 |
Central Indiana Community Foundation Inc Indianapolis, IN PURPOSE: Affordable Housing for Homeless and Disabled Resid | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $23 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Bay Park Conservancy Inc Sarasota, FL | $16,645,209 | $18,178,827 |
Florida Opportunity Fund Inc Orlando, FL | $119,810,322 | $8,334,220 |
Florida Community Loan Fund Orlando, FL | $108,210,727 | $7,672,092 |
Bac Funding Corporation Miami, FL | $17,927,247 | $4,831,785 |
Community And Economic Development Quincy, FL | $11,268,446 | $5,882,256 |
Broward County Community Development Corporation Inc Fort Lauderdale, FL | $8,205,586 | $4,659,433 |
Miami Beach Community Development Corporation Inc Miami Beach, FL | $28,003,490 | $2,129,125 |
Neighbors And Neighbors Association Inc Miami, FL | $2,936,211 | $3,300,045 |
Pasco Economic Development Council Inc Lutz, FL | $4,349,801 | $2,360,770 |
Sunshine State Economic Development Corp Clearwater, FL | $6,634,562 | $1,695,679 |
Small Business Assistance Corp Savannah, GA | $17,970,431 | $1,539,306 |
Endeavor Miami Inc Miami, FL | $2,466,456 | $1,752,588 |