Acadia Elderly Housing Development Corporation
- Assets
- $405.2k
- Revenue
- $131.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Plantation, FL
- Founding
- 03/1989
- Data as of
- 06/2022
- EIN
- 72-1116814
Organization Overview
Acadia Elderly Housing Development Corporation is located in Plantation, FL. The organization was established in 1989. 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. Acadia Elderly Housing Development 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 06/2022, Acadia Elderly Housing Development Corporation generated $131.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $126.3k during the year ending 06/2022. While expenses have increased by 2.9% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED. REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Shelton President | 0.1 | $0 | |
Tony Fransetta VP | 0.1 | $0 | |
Erica Schmelzer Treasurer | 0.1 | $0 | |
Maria Cordone Secretary | 0.3 | $0 | |
Edward Romero Director | 0.1 | $0 | |
John Olsen Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $137 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $130,856 |
| Total Revenue | $130,993 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $20,853 |
| Pension plans, employee benefits | $23,446 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $17,768 |
| Occupancy | $31,634 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,967 |
| Total operating and administrative expenses | $126,291 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $126,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $238 |
| Savings and temporary cash investments | $159,910 |
| Net Accounts receivable | $1,143 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,167 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $237,790 |
| Other assets | $0 |
| Total assets | $405,248 |
| Accounts payable and accrued expenses | $3,677 |
| Grants payable | $0 |
| Deferred revenue | $509 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $37,628 |
| Total liabilities | $41,814 |