2011-02-11T14:53:09-06:00 2010-06-30 RSM McGLADREY INC 8000 TOWERS CRESCENT DR STE 500 VIENNA VA 221826205 990 2009-07-01 593342379 HOMES FOR INDEPENDENCE INC HOME 7275387370 2735 WHITNEY DRIVE CLEARWATER FL 337601610 david hodge 7275387370 2011-02-11 1 7033366400 2009 2016-02-24 21:20:13Z Janet Samuelson 2735 WHITNEY DRIVE CLEARWATER FL 337601610 882920 0 X www.ourpeoplework.org X 1995 FL To help persons with disabilities and/or economic disadvantages to occupy safe, affordable integrated housing. 5 3 0 0 5090 -5128 53311 41315 657003 718774 0 34148 122831 744462 882920 0 0 352707 482062 0 9927 651040 695626 1003747 1177688 -259285 -294768 3265240 2836337 808254 1457368 2456986 1378969 The mission of Homes for Independence, Inc. is to provide affordable housing to low income individuals and their families and to increasethe availability of affordable and accessible housing for individuals with disabilities. Homes for Independence, inc. will strive to provide individual consumer choice in the provision of affordable, safe, and sanitary housing within our community. 0 0 395410 314164 Rental: Homes for Independence currently owns 88 rental units. These units are located in Pinellas and Brevard Counties in Florida. Rents are unsubsidized, however, Section 8 vouchers are accepted. Rents are kept below market for affordability by households with annual incomes at or below 80% of the Median Family Income by family size and MSA. 245257 194863 Owner Rehab: In Pinellas County, the City of St. Petersburg and the City of Clearwater, an owner occupied rehab program is available for low to moderate income home owners. Processing and construction oversight is provided to these entities for a fee. The number of homes rehabilitated varies annually but rarely falls below 25. At times grants are made available for elderly households and when available, the number of homes assisted increases dramatically. Rehabilitation includes major household systems (roof, HVAC etc) code upgrades (electric, plumbing) energy efficiency and weatherization, barrier removal and accessibility modifications. 146136 116108 Property Management: Property Management is offered to owners of rental units located within complexes where Abilities/HFI also own units in Brevard County FL. Number of units vary, however average is typically 20-25. Property management includes the management of the condo units owned by HFI and the units purchased through HUD grants. 56692 45043 Condo Association Management. 61163 48596 Community Housing Dev. Organization Program. 151811 other programs. 269666 93639 1056469 1 1 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 0 1 1 0 0 0 0 0 0 0 0 5 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 FL X X gene thomas 7275387370 2735 whitney road clearwater FL 337601610 william sandonato 1.00 X X 3312 180668 20678 Thomas Neville 1.00 X X 0 0 0 guy klenke 4.00 X X 18166 183673 21967 dwight gilbert 1.00 X 0 0 0 thomas urban 1.00 X 0 0 0 janet samuelson 1.00 X 2630 289575 40751 david hodge 1.00 X 4232 230892 14802 MARK HALL 1.00 X 4007 218587 46728 Bruce Patterson 1.00 X 1939 213475 34671 THOMAS CHANG 1.00 X 3110 169665 33692 Bertha Parbey 1.00 X 1609 177129 24902 Lisa Ward 1.00 X 3136 171075 33171 Jeff Ring 1.00 X 2486 135605 15525 44627 1970344 286887 0 0 1 0 0 41315 41315 housing & mgt fees 531310 718774 713684 5090 718774 other income 900099 122831 122831 122831 882920 713684 5090 122831 41682 34488 6581 613 368497 305233 57871 5393 7369 5809 1427 133 43633 37657 5467 509 20881 15720 4721 440 2589 2589 37258 36525 681 52 9961 9961 69010 60132 8049 829 176 176 114715 111871 2602 242 17733 14885 2591 257 4945 3428 1388 129 73480 65027 7732 721 45389 40630 4353 406 Condo Maintenance Fees 205544 200948 4596 CHDO Expenses 46646 46646 Bad Debt 45000 45000 training 3646 1265 2178 203 Temporary Services 821 444 377 18713 18211 502 1177688 1056469 111292 9927 220207 208255 180525 3262 50485 24215 3256702 656097 1837697 2600605 976326 0 3265240 2836337 3557 79095 430507 1244170 374190 134103 808254 1457368 X 1465940 354995 991046 1023974 2456986 1378969 3265240 2836337 X 0 1 1 X 0 X 92187 199863 102108 53311 41315 488784 92187 199863 102108 53311 41315 488784 488784 160 160 144513 134112 99774 44523 122831 545753 1034697 3724100 0.47240 0.55530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11968559 446623 438048 75447 11901687 12797202 2700 -69434 687736 74173 11968559 0.99360 0.00640 0 1 1 3234003 650147 2583856 22699 5950 16749 2600605 SECURITY DEPOSITS 22063 Due to ABI 112040 134103 882920 1177688 -294768 -783249 -783249 -1078017 7920066 7037146 7037146 882920 0 882920 9519735 8342046 8342046 1177689 0 1177689 Part V, Line 4: Description of Intended Use of Endowment Funds: ServiceSource, Inc: Income from the Fund is used to pay for the defined contribution retirement plan expenses for employees who are not otherwise covered by retirement plans, and to subsidize the wage differential between commensurate wages( from productivity measurement)and the prevailing/minimum wages, and for the benefit of employees with disabilities. Opportunity Center, Inc: OCI's endowment represents Board designated net assets, the income from which is expended to support OCI's operations. OCI's investment objective is to earn a respectable, long-term, risk-adjusted total return to support their long-term programs. Certain investments are subject to the designation of the Board of Directors requiring that the endowed principal and investment income be invested in a separate investment portfolio. OCI is primarily invested in equity securities and money market funds. Investment earnings in excess of Board-determined benchmarks can be utilized for Board specified operating purposes. The Board has designated net assets of $60,000 to be used annually for operations. Abilities Rehabilitation Center Foundation(a related organization): The earnings from the endowment (Able Trust Endowment) are available in support of programs of the Foundation. The Foundation appropriates the earnings from these endowments, as necessary, on an annual basis for the programs specified by the endowment. Part X: Description of Uncertain Tax Positions Under FIN 48: Management evaluated the organization's tax positions and concluded that the organization had taken no uncertain tax positions that require adjustment to the financial statements. Part XI, Line 8 - Other Adjustments: Transfer - CHDO Capital Advance: -783249. Part XII, Line 2d - Other Adjustments: Interest in foundation: 77279. ABF revenue in consolidating financial statements: 6813381. HUD revenue in consolidating financial statements: 929735. Transfer - CHDO Capital Advance: -783249. Part XIII, Line 2d - Other Adjustments: ABF expenses in consolidating financial statements: 7014757. HUD expenses in consolidating financial statements: 1324182. HFI Space Coast expenses in HFI : 3107. X X X X 0 0 0 0 0 0 0 0 0 william sandonato 3269 178359 0 0 43 2309 203 11091 169 9215 3684 200974 0 0 guy klenke 15487 156596 2610 26390 69 687 1290 13041 687 6949 20143 203663 0 0 janet samuelson 2136 235214 387 42613 107 11748 198 21802 169 18582 2997 329959 0 0 david hodge 3574 194984 612 33388 46 2520 170 9280 96 5256 4498 245428 0 0 MARK HALL 3433 187275 558 30442 16 870 396 21604 445 24283 4848 264474 0 0 Bruce Patterson 1646 181227 288 31712 5 536 149 16352 163 18007 2251 247834 0 0 THOMAS CHANG 2687 146564 360 19640 63 3461 99 21901 53 11639 3262 203205 0 0 Bertha Parbey 1395 153655 207 22793 7 681 108 12041 115 12637 1832 201807 0 0 Lisa Ward 2663 145272 468 25532 5 271 297 16203 300 16371 3733 203649 0 0 Jeff Ring 2136 116535 324 17676 26 1394 79 8750 61 6635 2626 150990 0 0 Form 990, Part VI, Section B, line 11 After an extensive internal review, the preliminary 990 tax return is posted to the organization's website for internal use. The returns are also made available to the members of the audit committee and board of directors for their review and comments and request for a formal meeting, if deemed necessary. Form 990, Part VI, Section B, line 12c It is the policy of ServiceSource Network that all business transactions, whether within the corporation or with clients, customers, or vendors, must be conducted with impartiality and integrity. Corporation employees, officers, and agents should avoid business or personal relationships that may compromise their integrity and objectivity. Form 990, Part VI, Section C, line 19 The organization makes its conflict of interest policy, organizational documents and financial statements available to the general public upon request. Form 990, Part VII Average hours per week devoted to related organizations HFI SS ES ABF SSES OCI Janet Samuelson 1 28 2 3 2 4 David Hodge 1 16 6 7 2 8 Mark Hall 1 16 8 7 4 4 Bruce Patterson 1 22 6 3 2 6 Guy Klenke 4 0 0 36 0 0 Bertha Parbey 1 24 4 3 4 4 Lisa Ward 1 14 6 7 4 8 William Sandonato 1 16 4 7 4 8 Thomas Chang 1 24 4 2 2 8 Jeff Ring 1 18 8 3 8 2 form 990, part XI, line 2c the process has been consistent with prior years. form 990, part VII and Schedule J compensation methodology HFI does not compensate anyone shown in Part VII of the Form 990 or Schedule J, Part II. The compensation shown in these sections is paid by the ServiceSource, Inc, the organization's related organization. HFI relies on the compensation determination methodology of the ServiceSource, Inc The following is the compensation methodology used by ServiceSource, Inc: ServiceSource Network engaged Mercer Consulting in 2008 to do a study and provide recommendation on the executive pay. The study took about 6 months, and it involved in the comprehensive comparison of responsibilities of the position with similar positions in other non-profit organizations, and government agencies. Also it took into account of the geographic disparities due our dispersed operations. As result of the study, several vice president level positions were created, and there were some salary adjustments made. form 990, Part III overview Homes for Independence, Inc. (HFI) was founded in 1995 as the housing division of Abilities, Inc. of Florida, a 501(c)(3) not-for-profit corporation based in Clearwater, FL. Homes for Independence serves nearly 500 individuals and family members by providing affordable, accessible and safe housing options for individuals with disabilities and low income families. HFI provides multiple program offerings, including home ownership for low to moderate income individuals, affordable rentals, low interest home improvement loans, and energy efficiency upgrades. Also property management services in Brevard County. Inclusion is the cornerstone of all of the housing programs, with a focus on integrating individuals into established condominium communities with easy access to shopping and transportation. Currently, HFI owns or manages 61 scattered site subsidized units plus 28 scattered site non-subsidized units in operation in Pinellas County, Florida, 65 unsubsidized plus 65 subsidized units in Brevard County, Florida, 40 units in Cumberland County, North Carolina and 5 units in Polk County, Florida. The units are scattered throughout 31 different condominium complexes. In tax year 2009, the program increased its efforts on energy efficiency-related upgrades. With funding from a US Department of Housing and Urban Development (HUD) grant, HFI managed energy efficient modifications to 61 households in six separate HUD 811 properties. form 990, schedule R, Part II Homes for Independence is part of the ServiceSource Network, which is comprised of five affiliate offices, including ServiceSource in Alexandria, Virginia; Central Fairfax Services in Springfield, Virginia; Employment Source in Fayetteville, North Carolina; OCI in Wilmington, Delaware; abilities of Florida in Clearwater, Florida. From Florida to Pennsylvania and west to Colorado, the ServiceSource Network collectively employs nearly 1,600 people with disabilities and provides employment and other support services more than 11,000 individuals. Collectively, the ServiceSource Network generated $127.3 million in revenue in tax year 2009 to support its mission of providing individuals with disabilities an exceptional service delivery experience through innovative and valued employment, training and support services to help them become active, integral and valued members of their communities. Employment Source Inc 600 AMES STREET FAYETTEVILLE NC 28301 562253814 PROVIDE EMPLOYMENT, TRAINING & OTHER SERVICES TO PERSONS WITH DISABILITIES NC 501(c)(3) Line 9 N/A ServiceSource Employment Services Inc 6295 EDSALL ROAD ste 175 alexANDRIA VA 22312 562226062 to serVE THOSE WITH DISABILITIES VA 501(c)(3) Line 9 N/A Abilities Inc of Florida 2735 WHITNEY ROAD CLEARWATER FL 33760 590874493 TO SERVE THOSE WITH DISABILITIES FL 501(c)(3) Line 9 N/A ABILITIES REHABILITATION CENTER foundation 2735 WHITNEY ROAD CLEARWATER FL 33760 592293228 TO SERVE THOSE WITH DISABILITIES FL 501(c)(3) Line 11d, III-O N/A Community Thrift Inc 6295 EDSALL ROAD ste 175 alexANDRIA VA 22312 541957154 tO SERVE THOSE WITH DISABILITIES VA 501(c)(3) Line 9 N/A Opportunity Center Inc 3030 BOWERS STREET WILMINGTON DE 19802 510079778 TO SERVE THOSE WITH DISABILITIES DE 501(c)(3) Line 9 N/A Opportunity Society Foundation 3030 BOWERS STREET wilMINGTON DE 19802 202588808 to serVE THOSE WITH DISABILITIES DE 501(c)(3) Line 9 N/A ServiceSource inc 6295 EDSALL ROAD ste 175 ALEXANDRIA VA 22312 540901256 TO SERVE THOSE WITH DISABILITIES VA 501(c)(3) Line 9 N/A SERVICESOURCE FOUNDATION INC 6295 EDSALL ROAD ste 175 alexANDRIA VA 22312 201438270 to provide low income housing for those with disabilities VA 501(c)(3) Line 9 N/A Homes for Independence Inc (NC) 2735 WHITNEY ROAD cLEARWATER FL 33760 262833829 to provide low income housing for those with disabilities FL 501(c)(3) Line 9 N/A Homes for Independence Properties Inc 2735 WHITNEY ROAD cLEARWATER FL 33760 262775108 to provide low income housing for those with disabilities FL 501(c)(3) Line 9 N/A Homes for Independence Space Coast Inc 2735 WHITNEY ROAD cLEARWATER FL 33760 262799386 to provide low income housing for those with disabilities FL 501(c)(3) Line 9 N/A Abilities at Morningside Inc 2735 WHITNEY ROAD cLEARWATER FL 33760 593317445 to provide low income housing for those with disabilities FL 501(c)(3) Line 9 N/A Abilities at Fountain Square Inc 2735 WHITNEY ROAD cLEARWATER FL 33760 593317443 to provide low income housing for those with disabilities FL 501(c)(3) Line 9 N/A Abilities at Windjammer Inc 2735 WHITNEY ROAD cLEARWATER FL 33760 593352353 to provide low income housing for those with disabilities FL 501(c)(3) Line 9 N/A Abilities at Windjammer II Inc 2735 WHITNEY ROAD cLEARWATER FL 33760 593352353 to provide low income housing for those with disabilities FL 501(c)(3) Line 9 N/A Abilities at Woodside Inc 2735 WHITNEY ROAD cLEARWATER FL 33760 593352350 to provide low income housing for those with disabilities FL 501(c)(3) Line 9 N/A Abilities at Casablanca Inc 2735 WHITNEY ROAD cLEARWATER FL 33760 593555080 to provide low income housing for those with disabilities FL 501(c)(3) Line 9 N/A Abilities at Windover Inc 2735 WHITNEY ROAD cLEARWATER FL 33760 593555082 to provide low income housing for those with disabilities FL 501(c)(3) Line 9 N/A Abilities at Parklane Inc 2735 WHITNEY ROAD cLEARWATER FL 33760 593617978 to provide low income housing for those with disabilities FL 501(c)(3) Line 9 N/A Abilities at Crestview Inc 2735 WHITNEY ROAD cLEARWATER FL 33760 311765941 to provide low income housing for those with disabilities FL 501(c)(3) Line 9 N/A Abilities at St Andrews Cove Inc 2735 WHITNEY ROAD cLEARWATER FL 33760 223849222 to provide low income housing for those with disabilities FL 501(c)(3) Line 9 N/A Abilities at College Pines Inc 2735 WHITNEY ROAD cLEARWATER FL 33760 223849262 to provide low income housing for those with disabilities FL 501(c)(3) Line 9 N/A Abilities at San Jaun Inc 2735 WHITNEY ROAD cLEARWATER FL 33760 550807511 to provide low income housing for those with disabilities FL 501(c)(3) Line 9 N/A Abilities at San Jaun II Inc 2735 WHITNEY ROAD cLEARWATER FL 33760 510491999 to provide low income housing for those with disabilities FL 501(c)(3) Line 9 N/A Abilities at Briarcliff Inc 2735 WHITNEY ROAD cLEARWATER FL 33760 341979530 to provide low income housing for those with disabilities FL 501(c)(3) Line 9 N/A Abilities at English Park(eagles nest) 2735 WHITNEY ROAD cLEARWATER FL 33760 510530355 to provide low income housing for those with disabilities FL 501(c)(3) Line 9 N/A Abilities at Eagles Nest-Lake Bentley 2735 WHITNEY ROAD cLEARWATER FL 33760 510530353 to provide low income housing for those with disabilities FL 501(c)(3) Line 9 N/A Abilities at Bartons Landing Inc 2735 WHITNEY ROAD cLEARWATER FL 33760 510614539 to provide low income housing for those with disabilities FL 501(c)(3) Line 9 N/A Abilities at Cumberland Towers Inc 2735 WHITNEY ROAD cLEARWATER FL 33760 261686054 to provide low income housing for those with disabilities FL 501(c)(3) Line 9 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ABILITIES REHABILITATION CENTER foundation C 41315