South Atlantic Housing of Brevard Inc

EIN: 592455812 501(c)(3) Housing & Shelter

Duluth, GA

Total Revenue
$666,730
Total Expenses
$748,363
Total Assets
$11,703,166
Net Assets
$11,703,166
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
FL
Principal Officer
Gerald Eickhoff
Phone
6783302000
Tax Period
2023-01-01 to 2023-12-31

South Atlantic Housing of Brevard Inc, founded in 1984, is a small nonprofit in the Housing & Shelter sector that reported $667K in total revenue in fiscal year 2023. Expenses of $748K exceeded revenue, resulting in a 12% operating deficit.

Mission

The corporation was organized and operates exclusively for charitable not-for-profit purposed including to provide for elderly and handicapped persons on a non-profit basis rental housing ad related facilities and services specifically designed to meet the physical, social and psychological needs and to contribute their health, security, and happiness, and other charitable, educational, religious, or scientific purposes allowed under section 501(c)(3) of the internal revenue code of 1986, as amended.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $666,730
Other Revenue $0
TOTAL REVENUE $666,730

Expense Breakdown

Grants Paid $746,432
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $746,432
Other Expenses $1,931
TOTAL EXPENSES $748,363

Year-over-Year Comparison

2023 2022 Change
Revenue $666,730 $691,465 0.0%
Expenses $748,363 $301 +2485.3%
Net Income $-81,633 $691,164 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gerald Eickhoff President 1.00
Officer Director
$0 $0 $0
Joseph F Glenn Vice President 1.00
Officer Director
$0 $0 $0
Elizabeth C Glenn Secretary/Treasurer 1.00
Officer Director
$0 $0 $0
Larry Gay Reagan Director 1.00
Director
$0 $0 $0
Kim Delacey Director 1.00
Director
$0 $0 $0
Robert L Reinhart Director 1.00
Director
$0 $0 $0
Earleen S Abernathy Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $666,730 $748,363 $11,703,166 $-81,633
2022 $691,465 $301 $11,784,799 $691,164
2021 $708,729 $611,658 $11,093,935 $97,071
2020 $11,752,866 $722,457 $10,996,564 $11,030,409
2019 $1,190,054 $1,048,923 $1,683,711 $141,131
2018 $1,158,911 $1,039,513 $1,702,917 $119,398
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