NonprofitsLee County Housing Development Corporation

Housing & Shelter

Lee County Housing Development Corporation

FORT MYERS, FL

Total revenue

$4.4M

Total expenses

$3.9M

Net assets

$1.0M

Grants received

$933K

16 grants

EIN

650295038

Tax year

2023

Mission

Organization was formed to provide low income families of lee county florida with affordable housing by constructing and providing needed resources to such individuals who would not be able to afford such housing for themselves or their families.

Programs

2 programs

Rehabilitation program: our commitment to revitalizing neighborhoods and preserving affordable housing stock has been evident in our rehabilitation efforts. Over the past year, we embarked on a journey to transform properties, undertaking extensive repairs and renovations to enhance safety, accessibility, and overall quality. These efforts not only improved the living conditions for residents but also breathed new life into our communities. Through adherence to stringent quality standards and regulations, we ensured that every rehabilitated property met or exceeded minimum housing standards, contributing to the long-term sustainability of our neighborhoods.

Expenses: $3.2M

Down payment assistance for home purchase: achieving the dream of homeownership became a reality for many individuals and families, thanks to our down payment assistance program. We assisted homebuyers in overcoming financial barriers to homeownership, providing crucial support in the form of down payment assistance. This initiative not only increased homeownership rates within our community but also laid the foundation for long-term stability and prosperity. As more families take pride in homeownership, our community grows stronger and more resilient.

Expenses: $75KGrants: $75K

Financials

FY 2023

Revenue

Contributions & grants$4.4M
Program service revenue$50K
Investment income$204
Other revenue
Total revenue$4.4M

Expenses

Grants paid$458K
Salaries & benefits$112K
Fundraising$51K
Other expenses$3.3M
Total expenses$3.9M
Total assets$1.9M
Net assets$1.0M

People

4 listed

NameRoleCompensation

ERIKA COOKS

EXECUTIVE DI

Board

$100K

40 hrs/wk

AHMAD R KAREH

PRESIDENT

Board

1 hrs/wk

JOHNNY STREETS

DIRECTOR

Board

1 hrs/wk

STACY WILLIAMS

DIRECTOR

Board

1 hrs/wk

Independent contractors

ALL YOU NEED SERVICES

CONSTRUCTION

$695K

TOBLER CONSTRUCTION

CONSTRUCTION

$534K

AGC FIX IT SOLUTIONS

CONSTRUCTION

$531K

CO ADVANTAGE

EMPLOYEE LEASIN

$278K

Grants received

Showing 16 of 16

FromAmountPurposeYear
$643K
Allocation for General Support
2024
$94K
Allocation for General Support
2023
$14K
Allocation for General Support
2023
$7K
CHARITABLE DONATION
2023
$87K
Allocation for General Support
2022
$30K
GENERAL OPERATING
2022
$8K
GENERAL OPERATING FUND
2022
$6K
CHARITABLE DONATION
2022
$361
PROGRAM/OPERATING SUPPORT
2022
$6K
CHARITABLE DONATION
2021
$4K
GENERAL OPERATING FUND
2021
$6K
CHARITABLE DONATION
2020
$4K
GENERAL OPERATING FUND
2020
$10K
PROGRAM/OPERATING SUPPORT
2018

Funded by

$933K from 5 funders · 16 grants · 2018–2024

The United Way of Lee County Inc

$838K · 4 grants · 2022–2024

Truist Foundation Inc

$30K · 1 grant · 2022

Charities Aid Foundation America

$25K · 4 grants · 2020–2023

The Bank of America Charitable Foundation Inc

$24K · 4 grants · 2018–2022

Midwestone Bank Foundation

$16K · 3 grants · 2020–2022

Details

EIN650295038
NTEE codeL20Z
Subsection03
Ruling date1992-04
Formed1991
Employees0
Volunteers3
LEE COUNTY HOUSING DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo