Federation Housing INC

Sunrise, FLUnknown exempt organizationEIN 59-2232035

To provide housing for the handicapped and/or low income families and the elderly.

82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $13.1M a year · 96% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$49
-100% vs prior year
Spent
$178K
To programs
82%
Net assets
$0
By yearFY2020–FY2021
Revenue
$49
FY2021▼ -100%
Revenue by fiscal year
FY2020$27.4M
FY2021$49
Expenses
$178K
FY2021▼ -83%
Expenses by fiscal year
FY2020$1.1M
FY2021$178K
Net assets
$0
FY2021▼ -100%
Net assets by fiscal year
FY2020$658K
FY2021$0

From the FY2021 Form 990 (year ending September 2021) · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
No filing since FY2021 — 6 yrs
Legal name (IRS)Hdr · item CFederation Housing INC
EINHdr · item D59-2232035
Exempt statusHdr · item I501(c)(3) · active
Latest filingForm 990FY2021 · Form 990
Principal addressHdr · item CSunrise, FL
NTEE classificationIRS BMFNonprofit

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.18
Program services82%$146K
Management & general18%$31K
Total functional expensesLn 25$178K

Financial health

Is it on solid ground?

Surplus margin
-362706%
revenue over expenses, this year▼ -377323% vs prior filing year
Program spending
82%
of expenses reach programs▼ -10% vs prior filing year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$0
FY2021▼ -100%
Total assets by fiscal year
FY2020$691K
FY2021$0
Total liabilities
$0
FY2021▼ -100%
Total liabilities by fiscal year
FY2020$33K
FY2021$0
Revenue less expensesPt I · Ln 19−$178K
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 42

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$0
Total liabilitiesLn 26$0
Total net assetsLn 32$0

Statement of Revenue

Part VIII
Other revenue100%$49
Total revenueLn 12$49

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $178K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $146K · Total expenses $178K
82%
Management & General
Management & general $31K · Total expenses $178K
18%
Fundraising
Fundraising $0 · Total expenses $178K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $49
0%
Government reliance
Government grants — · Total revenue $49
—
Earned-income share
Program service revenue $0 · Total revenue $49
0%
Investment reliance
Investment income $0 · Total revenue $49
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $178K
0%
Growth & trend
Revenue growth (YoY)
This year $49 · Prior year $27.4M
-100%
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $49 · Expenses $178K
-362706%
Liabilities-to-Assets
Total liabilities — · Total assets $0
—
Net-asset ratio
Net assets $0 · Total assets $0
—
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual William Sherman · Reported title VICE PRESIDENT · Highest reported compensation $0 · Total expenses $178K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $100K · Total expenses $178K
56%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%——
Overhead ratio 18%——
Revenue growth -100%——
Accounting fee ratio 9%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
See Federation Housing INC executive salaries →

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Governance & Policies

Part VI
  • 4Voting board membersPt VI · Ln 1a
  • 2Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Offers housing for low-income families, the elderly, and people with disabilities.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $146K of program spending, described in the organization's own filed words · FY2020.
01

A united states department of housing and urban development project for elderly families and individuals of low or moderate income levels - 123 units.

$146Kprogram expense

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2021 Latest Viewing $49$178K-100% 990 PDF
FY2020 $27.4M$1.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2021

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $177,775 across 6 lines filed
IX-6 Pay of disqualified personsPrograms $99,635$99,635
IX-11a Management feesManagement $15,768$15,768
IX-11c Accounting feesManagement $15,700$15,700
IX-16 OccupancyPrograms $18$18
IX-23 InsurancePrograms $6,144$6,144
IX-24 Other expenses (24a–d)Programs $40,510$40,510
IX-25 Total functional expensesPrograms $146,307 · Management $31,468 · Fundraising $0$177,775

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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