FORT MYERS, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SOUTHWEST FLORIDA AFFORDABLE HOUSING CHOICE FOUNDATION INC, founded in 2008, is a community nonprofit in the Housing & Shelter sector that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $982K, a strong 35% operating margin.
PROVIDE AND DEVELOP AFFORDABLE HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS OR FAMILIES.
THROUGH AWARDS FROM THE NEIGHBORHOOD STABILIZATION PROGRAM (NSP) THE AGENCY CONSTRUCTED/PURCHASED 82 UNITS TO BE RENTED TO LOW INCOME PERSONS OR FAMILIES. THE AGENCY IS THE OWNER/MANAGER OF THESE...
THROUGH AWARDS FROM THE NEIGHBORHOOD STABILIZATION PROGRAM (NSP) THE AGENCY CONSTRUCTED/PURCHASED 82 UNITS TO BE RENTED TO LOW INCOME PERSONS OR FAMILIES. THE AGENCY IS THE OWNER/MANAGER OF THESE UNITS. TO QUALIFY TO LIVE IN THESE DEVELOPMENTS, THE PERSON/FAMILY INCOME MUST BE BELOW 50% OF THE AREA MEDIAN INCOME; RENT IS BASED ON THE INCOME OF THE TENANT. DURING THE TAX YEAR, ADDITIONAL LAND WAS PURCHASED TO EXPAND AND FURTHER AFFORDABLE HOUSING. THE AGENCY ALSO PURCHASED AN AGE RESTRICTED PROPERTY WITH 60 UNITS IN MARCH 2020.
THE AGENCY IS THE MANAGING GENERAL PARTNER IN TWO MIXED FINANCE PARTNERSHIPS: 1% OWNERSHIP IN EACH. THE DEVELOPMENTS, PLACED IN SERVICE IN 2014, CONSISTS OF 212 UNITS OF ACC PUBLIC HOUSING AND...
THE AGENCY IS THE MANAGING GENERAL PARTNER IN TWO MIXED FINANCE PARTNERSHIPS: 1% OWNERSHIP IN EACH. THE DEVELOPMENTS, PLACED IN SERVICE IN 2014, CONSISTS OF 212 UNITS OF ACC PUBLIC HOUSING AND CONTRACT BASED SECTION 8 UNITS FOR LOW INCOME PERSONS/FAMILIES. THE DEVELOPMENTS ARE EAST POINTE PLACE AND THE LANDINGS AT EAST POINT. EXCESS CASH, PER THE PARTNERSHIP AGREEMENTS, IS DISTRIBUTED TO THE AGENCY ANNUALLY. THESE FUNDS ARE USED TO CONTINUE THE MISSION OF DEVELOPING AFFORDABLE HOUSING FOR LOW AND MODERATE-INCOME FAMILIES/PERSONS. THE AGENCY IS CURRENTLY WORKING TO DEVELOP 3 ADDITIONAL MIXED FINANCED PROPERTIES. 1. THE FOUNDATION PURCHASED LAND IN JUNE 2022 TO REPLACE THE ROYAL PALM PUBLIC HOUSING FACILITY WITH A NEW SENIOR FACILITY ON THIS PURCHASED LAND. NEW FACILITY IS CURRENTLY UNDER DESIGN IN 2023. 2. THE AGENCY HAS BEEN AWARDED TAX CREDITS TO BUILD PHASE II OF EAST POINTE PLACE AND HAS PLACED THE CREDITS IN SERVICE IN DECEMBER 24. 3. THE AGENCY HAS RETURNED THE AWARDED TAX CREDITS TO REHABILITATE THE PUBLIC HOUSING FACILITY BONAIR TOWERS. WE ARE PLANNING FOR/TO BUILD BACK ON THE ORIGINAL SITE AND SEEK FUNDING THROUGH THE STATE ARPA PROGRAM. 4. WE HAVE CLOSED ON MARCH 27, 2024. THE OFFSITE COMPONENT ON CLEVELAND AVENUE WITH OUR DEVELOPER PARTNERS TO BUILD 92 TAX CREDIT UNITS IN CONJUNCTION WITH THE CHOICE NEIGHBORHOOD IMPLEMENTATION GRANT AWARDED BY HUD. THE UNITS ARE ANTICIPATED TO BE PLACED IN SERVICES BY MARCH 1, 2026.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $2,808,586 | $1,813,103 | +0.5% |
| Expenses | $1,827,050 | $1,516,495 | +0.2% |
| Net Income | $981,536 | $296,608 | +2.3% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MARCIA DAVIS | PRESIDENT | 5.00 |
Director
|
$0 | $0 | $202,811 |
| SIEGLINDE CHAMBLISS | SECRETARY/TR | 6.00 |
Director
|
$0 | $0 | $89,124 |
| RICHARD FAIN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MEG GELTNER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| BRUCE STRAYHORN | CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ISRAEL SUAREZ | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MATTIE YOUNG | VICE CHAIRWO | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $2,808,586 | $1,827,050 | $19,134,869 | $981,536 |
| 2022 | $1,813,103 | $1,516,495 | $19,344,191 | $296,608 |
| 2021 | $4,902,368 | $1,721,643 | $17,591,096 | $3,180,725 |
| 2020 | $1,133,516 | $1,188,943 | $15,873,270 | $-55,427 |
| 2019 | $739,046 | $775,128 | $11,660,611 | $-36,082 |
| 2018 | $569,625 | $1,039,161 | $11,808,023 | $-469,536 |
Compare SOUTHWEST FLORIDA AFFORDABLE HOUSING CHOICE FOUNDATION INC with other nonprofits in Florida and across the country.