2024-04-12T16:57:52-05:00 2023-09-30 593070669 MSL PA 255 S ORANGE AVENUE SUITE 600 ORLANDO FL 32801 990 2022-10-01 650452560 FEDERATION LANDINGS INC FEDE 9546477215 5020 N NOB HILL ROAD SUNRISE FL 33351 HEATHER BARRAZA SECRETARY/TREASURER 9546477215 2024-04-12 1 HEATHER BARRAZA 999009999 1 HARRY E HARP CPA P00176471 4077405400 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z HEATHER BARRAZA 5020 N NOB HILL ROAD SUNRISE FL 33351 885268 0 X N/A X 1996 FL TO PROVIDE LOW INCOME HOUSING TO THE ELDERLY IN BROWARD COUNTY, FLORIDA. 5 5 11 5 0 0 645871 659964 210557 223501 52 207 2537 1596 859017 885268 0 0 0 0 230450 249811 0 0 0 683222 671415 913672 921226 -54655 -35958 2485690 2451249 71018 72535 2414672 2378714 TO PROVIDE LOW INCOME HOUSING TO THE ELDERLY IN BROWARD COUNTY, FLORIDA. 0 0 823512 225097 LOW INCOME HOUSING - OWNS AND OPERATES A 77-UNIT RESIDENTIAL APARTMENT COMPLEX FOR THE ELDERLY IN BROWARD COUNTY, FLORIDA. 823512 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 11 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 FL X JOHN SHARKEY (SHARKEY & ASSOC) 9547467960 5020 NOB HILL ROAD SUNRISE FL 33351 X AUDRA P BERG PRESIDENT 0.25 X X 0 0 0 PETER BERG VICE PRESIDENT 0.25 X X 0 0 0 ALAN COHN VICE PRESIDENT 0.25 X X 0 0 0 WILLIAM B SHERMAN VICE PRESIDENT 0.25 X X 0 0 0 HEATHER BARRAZA SECRETARY/TREASURER 0.25 X X 0 0 0 0 0 0 0 0 0 0 0 659964 659964 RENTAL INCOME 532000 223501 223501 223501 207 207 LAUNDRY AND VENDING 900099 1596 1596 1596 885268 225097 0 207 207881 207881 27261 27261 14669 14669 70778 70778 16000 16000 34179 27343 6836 356334 356334 168306 168306 5319 5319 SUPPLIES 20499 16399 4100 921226 823512 97714 0 5460 18296 42410 40169 5663768 3483950 2243378 2179818 194442 212966 2485690 2451249 47755 47711 23263 24824 71018 72535 X 2414672 2378714 2414672 2378714 2485690 2451249 -35958 0 X X 0 1 X 1 1 1 X 446225 453626 704114 645871 659964 2909800 446225 453626 704114 645871 659964 2909800 2909800 856 567 88 52 207 1770 2845 2774 132098 2537 140254 3051824 1000892 0.95350 0.94790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 X 450000 450000 4061503 2678289 1383214 1152265 805661 346604 2179818 RESTRICTED DEPOSITS 207646 OTHER ASSETS 5320 212966 TENANTS' SECURITY DEPOSIT 24824 24824 X 885268 0 885268 0 885268 921226 0 921226 0 921226 PART IV, LINE 2B: THE TENANT SECURITY DEPOSIT ACCOUNT WAS ESTABLISHED ACCORDING TO HUD REGULATIONS FOR THE SAFEKEEPING OF THE TENANTS' INITIAL RENTAL DEPOSITS. ADDITIONS TO THIS ACCOUNT OCCUR WHEN A TENANT MOVES IN. THE BALANCE IN THIS ACCOUNT MUST EQUAL OR EXCEED THE OUTSTANDING OBLIGATION. DISBURSEMENTS OF THESE FUNDS CAN ONLY BE MADE WHEN A TENANT VACATES. THE ACCOUNT WAS FULLY FUNDED AT SEPTEMBER 30, 2023 AND 2022 PART X, LINE 2: THE PROJECT IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAXES, AS DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO INCOME TAX LIABILITY OR PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 3 THE GOVERNING BODY HAS CONTRACTED WITH A MANAGEMENT AGENCY, SHARKEY AND ASSOCIATES, INC., TO OVERSEE MANAGEMENT DUTIES OF THE ORGANIZATION ON ITS BEHALF. FORM 990, PART VI, SECTION A, LINE 8A IT HAS BEEN THE MANAGEMENT COMPANY THAT THERE WERE NO MINUTES RECORDED FOR ANY MEETINGS HELD FOR FEDERATION LANDINGS, INC. DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2023. PER THE MANAGEMENT AGENT, THE COMPANY MEETINGS HELD DURING THE YEAR HAD TOPICS INCLUDING INTERNAL FINANCIAL REPORTING DEADLINES, HUD COMPLIANCE REQUIREMENTS, OPERATIONAL RESULTS, AND PROSPECTIVE BUDGETING. PER THE MANAGEMENT AGENT, NO ITEMS OF OVERT SIGNIFICANCE AS IT RELATES TO THE AUDITED FINANCIAL STATEMENTS OR THE FORM 990 WERE REPORTED. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES THAT ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S MANAGEMENT AGENT. A COPY OF THE DRAFT FORM 990 IS REVIEWED BY THE MANAGEMENT AND CIRCULATED TO THE FULL BOARD FOR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS CIRCULATED ANNUALLY TO THE BOARD FOR REVIEW AND SIGNATURE. THE MANAGEMENT AGENT NOTIFIES THE BOARD IN THE EVENT THAT A MEMBER OF THE ORGANIZATION'S BOARD HAS OWNERSHIP INTEREST IN A COMPANY THE ORGANIZATION IS LOOKING TO HIRE TO PROVIDE SERVICES TO THE ORGANIZATION. A BIDDING PROCESS FOR THESE SERVICES WOULD BE CONDUCTED BY THE ORGANIZATION AND THE BOARD WOULD REVIEW THE MATTER TO ENSURE THE SERVICES OBTAINED WOULD BE AT OR BELOW FAIR MARKET VALUE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE SELECTION, MONITORING AND EVALUATION OF AN INDEPENDENT AUDIT FIRM AND OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. THERE WAS NO CHANGE IN THIS PROCESS FROM THE PRIOR YEAR.