2024-01-31T07:01:10-06:00 2023-06-30 420714325 RSM US LLP 1001 WATER ST STE 500 TAMPA FL 33602 990 2022-07-01 261686054 ABILITIES AT CUMBERLAND TOWERS INC ABIL 7275387370 2735 WHITNEY ROAD CLEARWATER FL 337601610 NATE HOOVER CHIEF FINANCIAL OFFICER 7275387370 2024-01-23 1 NATE HOOVER 999009999 0 KRISTEN BARNETT P01234578 8133162300 2024-01-23 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRUCE PATTERSON 2735 WHITNEY ROAD CLEARWATER FL 337601610 108873 0 X N/A X 2007 NC TO PROVIDE LOW-INCOME HOUSING FOR INDIVIDUALS WITH SEVERE DISABILITIES. 8 6 0 6 0 0 0 0 96007 108854 0 19 0 0 96007 108873 0 0 0 0 26040 28812 0 0 0 119135 121694 145175 150506 -49168 -41633 1039646 1018481 1507864 1528332 -468218 -509851 TO PROVIDE LOW-INCOME HOUSING FOR INDIVIDUALS WITH SEVERE DISABILITIES. 0 0 118489 108854 THE ORGANIZATION RENTS REHABILITATED HOUSING FACILITIES TO PEOPLE WITH SEVERE PHYSICAL DISABILITIES WHO ARE CLASSIFIED AS LOW-INCOME. 118489 1 0 0 0 0 0 0 0 0 1 1 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X NATE HOOVER CFO 7034616000 10467 WHITE GRANITE DR OAKTON VA 22124 MATTHEW MOTKO EXECUTIVE DIRECTOR 1.00 39.00 X X 0 160642 28697 LISA CICCOLELLI DIRECTOR-HOUSING 1.00 39.00 X X 0 114945 18413 LALANIA SEEDERS CHAIR 0.10 0.90 X X 0 0 0 KATIE BANDEL VICE CHAIR 0.10 0.90 X X 0 0 0 KEVIN SOUTHCOTT SECRETARY 0.10 0.90 X X 0 0 0 SHIRLEY QUINNELL-FRIEDMAN TREASURER 0.10 0.90 X X 0 0 0 DIANE MCADAMS DIRECTOR 0.10 0.90 X 0 0 0 AMANDA GOMEZ DIRECTOR 0.10 0.90 X 0 0 0 BRUCE PATTERSON PRESIDENT/CEO 1.00 39.00 X 0 570603 38173 MARK HALL PRESIDENT (RETIRED 10/22) 1.00 39.00 X 0 408678 35906 NATHANIEL HOOVER CHIEF FINANCIAL OFFICER 1.00 39.00 X 0 343563 11414 0 1598431 132603 0 0 1 0 0 TENANT ASSISTANCE 900099 68328 68328 RENT INCOME 900099 40526 40526 108854 19 19 108873 108854 0 19 X 28812 15192 13620 14665 14665 3732 3732 16010 16010 1967 1967 15110 15110 36757 36757 2118 2118 CONDOMINIUM FEES 29112 29112 OTHER EXPENSES 2223 2223 150506 118489 32017 0 58511 77429 181 -1026 1949 -169 1444111 501864 979005 942247 1039646 1018481 23430 43974 1484434 1484358 1507864 1528332 X -468218 -509851 -468218 -509851 1039646 1018481 -41633 0 X X 0 1 X 1 0 X 87772 89000 91272 96007 108854 472905 87772 89000 91272 96007 108854 472905 0 0 0 472905 5 5 2 19 31 5 5 2 19 31 87777 89005 91274 96007 108873 472936 0.99990 1.00000 0.00010 X 30914766 1000000 2273412 90000 257302 33840876 33283625 1000000 -2894325 90000 384534 30914766 24759352 3405481 6592273 90000 1383481 33283625 27612281 871159 90000 3634088 24759352 26337146 1336888 1276788 90000 1248541 27612281 1.00000 0 1 1 1444111 501864 942247 942247 HUD CAPITAL ADVANCE 1453900 INTERCOMPANY PAYABLE 19875 SECURITY DEPOSIT 3216 OTHER LIABILITILES 7367 1484358 X 17062148 16953275 16953275 108873 0 108873 18037543 17887037 17887037 150506 0 150506 PART V, LINE 4: THE INVESTMENT INCOME FROM THESE FUNDS IS AVAILABLE TO PROVIDE FOR CERTAIN PROGRAMS AND INITIATIVES OF THE ORGANIZATION. IN ADDITION, THE BOARD OF TRUSTEES OF SERVICESOURCE FOUNDATION HAS DESIGNATED NET ASSETS TOTALING $468,788, FOR THE DISABILITY RESOURCE CENTER AND THE FRIENDSHIP HOUSE FOR $438,754 AND $30,034, RESPECTIVELY. PART X, LINE 2: MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AND HAS CONCLUDED THAT THE ORGANIZATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT. THE ORGANIZATION FILES TAX RETURNS IN THE U.S. FEDERAL AND STATE OF FLORIDA JURISDICTIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ABILITIES OF FLORIDA REVENUE IN CONSOLIDATED FINANCIAL STATEMENTS 13,103,675. HUD REVENUE IN CONSOLIDATED FINANCIAL STATEMENTS 2,237,994. HFI REVENUE IN CONSOLIDATED FINANCIAL STATEMENTS 1,527,209. HFI SPACE COAST REVENUE IN CONSOLIDATED FINANCIAL STATEMENTS 84,397. PART XII, LINE 2D - OTHER ADJUSTMENTS: ABILITIES OF FLORIDA EXPENSE IN CONSOLIDATED FINANCIAL STATEMENTS 12,417,668. HFI EXPENSES IN CONSOLIDATED FINANCIAL STATEMENTS 2,526,620. HFI SPACE COAST EXPENSE IN CONSOLIDATED FINANCIAL STATEMENTS 100,490. HUD EXPENSES IN CONSOLIDATING FINANCIAL STATEMENTS 2,842,259. 0 0 0 0 0 0 0 0 0 BRUCE PATTERSON PRESIDENT/CEO 0 442471 0 104662 0 23470 0 0 0 38173 0 608776 0 0 MARK HALL PRESIDENT (RETIRED 10/22) 0 299962 0 85931 0 22785 0 0 0 35906 0 444584 0 0 NATHANIEL HOOVER CHIEF FINANCIAL OFFICER 0 280658 0 62500 0 405 0 0 0 11414 0 354977 0 0 MATTHEW MOTKO EXECUTIVE DIRECTOR 0 148624 0 11360 0 658 0 0 0 28697 0 189339 0 0 FORM 990, PART VI, SECTION B, LINE 11B AFTER THE EXTENSIVE INTERNAL REVIEW, THE RETURNS ARE MADE AVAILABLE TO THE MEMBERS OF THE AUDIT COMMITTEE AND BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENTS AND REQUEST FOR A FORMAL MEETING PRIOR TO FILING, IF DEEMED NECESSARY. THE FINAL 990 RETURN IS POSTED TO THE ORGANIZATION'S WEBSITE FOR INTERNAL USE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO COMPLETE AND SIGN A DISCLOSURE FORM IDENTIFYING BUSINESS INTERESTS, EMPLOYMENT RELATIONSHIPS AND PROPERTY INTERESTS, AND THOSE OF RELATED PARTIES. THE ORGANIZATINO HAS SPECIFIC BOARD-LEVEL POLICIES REGARDING DISCLOSURE OF CONFLICT OF INTEREST FOR BOARD MEMBERS. THE CHAIR OF THE BOARD AND THE CEO REGULARLY REVIEW THE COMPOSITION OF THE BOARD FOR ANY POTENTIAL CONFLICTS OF INTERESTS AND CONSULT WITH LEGAL COUNSEL IF NECESSARY. THE BOARD CHAIR MAY ASK THE INVOLVED INDIVIDUAL TO RECUSE THEMSELVES DURING DISCUSSIONS ON ANY MATTER RELATING TO A POTENTIAL CONFLICT OF INTEREST. THE ORGANIZATION MAINTAINS BUSINESS CODE OF ETHICS AND CONFLICT OF INTEREST POLICIES THAT ALL EMPLOYEES ARE REQUIRED TO FOLLOW. ALL KEY EMPLOYEES, INCLUDING OFFICERS, ARE REQUIRED TO PARTICIPATE IN ANNUAL TRAINING ON THE ORGANIZATION'S CODE OF BUSINESS ETHICS, INCLUDING CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 16,010. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,010. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS BEEN CONSISTENT WITH PRIOR YEARS. FORM 990, PART VII AND SCHEDULE J: ABILITIES AT CUMBERLAND TOWERS, INC. 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 SERVICESOURCE, INC., THE ORGANIZATION'S RELATED ORGANIZATION. ABILITIES AT CUMBERLAND TOWERS, INC. RELIES ON THE COMPENSATION DETERMINATION METHODOLOGY OF SERVICESOURCE, INC. THE FOLLOWING IS THE COMPENSATION METHODOLOGY USED BY SERVICESOURCE, INC.: COMPENSATION FOR SERVICESOURCE'S CEO IS DETERMINED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. THIS INDEPENDENT DETERMINATION INCLUDES THE USE OF DATA FOR SIMILAR POSITIONS AT COMPARABLE ORGANIZATIONS AND THE COMPENSATION ARRANGEMENT IS DOCUMENTED WHEN DECIDED BY THE BOARD OF DIRECTORS. AN INDEPENDENT COMPENSATION CONSULTANT CONDUCTS AN EXECUTIVE SALARY SURVEY ON AN ANNUAL BASIS, WITH THE RESULTS OF THE SURVEY BEING REVIEWED AND CONSIDERED BY THE BOARD OF DIRECTORS FOR DETERMINATION OF THE CEO'S COMPENSATION. COMPENSATION FOR OTHER OFFICERS ARE ALSO DETERMINED BASED ON EXECUTIVE PAY STUDIES AND AN EXECUTIVE SALARY SURVEY CONDUCTED BY A LEADING CONSULTING FIRM THAT ARE CONDUCTED ANNUALLY. COMPENSATION FOR OTHER KEY EMPLOYEES AND EXECUTIVES ARE DETERMINED BASED ON PERIODIC MARKET ANALYSIS. ABILITIES AT BARTONS LANDING INC 2735 WHITNEY ROAD CLEARWATER FL 33760 510614539 TO PROVIDE LOW INCOME HOUSING FOR THOSE WITH DISABILITIES NC 501(C)(3) LINE 10 SERVICESOURCE INC 0 ABILITIES AT BRIAR CLIFF INC 2735 WHITNEY ROAD CLEARWATER FL 33760 341979530 TO PROVIDE LOW INCOME HOUSING FOR THOSE WITH DISABILITIES NC 501(C)(3) LINE 10 SERVICESOURCE INC 0 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 10 SERVICESOURCE INC 0 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 10 SERVICESOURCE INC 0 ABILITIES AT CRESTVIEW II INC 2735 WHITNEY ROAD CLEARWATER FL 33760 454134490 TO PROVIDE LOW INCOME HOUSING FOR THOSE WITH DISABILITIES FL 501(C)(3) LINE 10 SERVICESOURCE INC 0 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 10 SERVICESOURCE INC 0 ABILITIES AT EAGLES NEST INC 2735 WHITNEY ROAD CLEARWATER FL 33760 510530353 TO PROVIDE LOW INCOME HOUSING FOR THOSE WITH DISABILITIES FL 501(C)(3) LINE 10 SERVICESOURCE INC 0 ABILITIES AT ENGLISH PARK INC 2735 WHITNEY ROAD CLEARWATER FL 33760 510530355 TO PROVIDE LOW INCOME HOUSING FOR THOSE WITH DISABILITIES FL 501(C)(3) LINE 10 SERVICESOURCE INC 0 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 10 SERVICESOURCE INC 0 ABILITIES AT MORNINGSIDE II INC 2735 WHITNEY ROAD CLEARWATER FL 33760 273201131 TO PROVIDE LOW INCOME HOUSING FOR THOSE WITH DISABILITIES FL 501(C)(3) LINE 10 SERVICESOURCE INC 0 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 10 SERVICESOURCE INC 0 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 10 SERVICESOURCE INC 0 ABILITIES AT SAN JUAN II INC 2735 WHITNEY ROAD CLEARWATER FL 33760 510491999 TO PROVIDE LOW INCOME HOUSING FOR THOSE WITH DISABILITIES NC 501(C)(3) LINE 10 SERVICESOURCE INC 0 ABILITIES AT SAN JUAN INC 2735 WHITNEY ROAD CLEARWATER FL 33760 550807511 TO PROVIDE LOW INCOME HOUSING FOR THOSE WITH DISABILITIES FL 501(C)(3) LINE 10 SERVICESOURCE INC 0 ABILITIES AT SIERRA APARTMENTS INC 2735 WHITNEY ROAD CLEARWATER FL 33760 650462958 TO PROVIDE LOW INCOME HOUSING FOR THOSE WITH DISABILITIES FL 501(C)(3) LINE 10 SERVICESOURCE INC 0 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 10 SERVICESOURCE INC 0 ABILITIES AT WINDJAMMER I & II INC 2735 WHITNEY ROAD CLEARWATER FL 33760 593352353 TO PROVIDE LOW INCOME HOUSING FOR THOSE WITH DISABILITIES FL 501(C)(3) LINE 10 SERVICESOURCE INC 0 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 10 SERVICESOURCE INC 0 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 10 SERVICESOURCE INC 0 ABILITIES INC OF FLORIDA 2735 WHITNEY ROAD CLEARWATER FL 33760 590874493 TO SERVE THOSE WITH DISABILITIES FL 501(C)(3) LINE 10 SERVICESOURCE INC 0 CENTRAL FAIRFAX SERVICES INC 7300 BOSTON BLVD SPRINGFIELD VA 22153 540855731 TO SERVE THOSE WITH DISABILITIES VA 501(C)(3) LINE 10 SERVICESOURCE INC 0 EMPLOYMENT SOURCE INC 600 AMES STREET FAYETTEVILLE NC 28301 562253814 PROVIDE EMPLOYMENT, TRAINING & OTHER SERVICES TO PERSONS WITH DISABILITIES NC 501(C)(3) LINE 10 SERVICESOURCE INC 0 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 10 SERVICESOURCE INC 0 HOMES FOR INDEPENDENCE INC 2735 WHITNEY ROAD CLEARWATER FL 33760 593342379 TO SERVE THOSE WITH DISABILITIES FL 501(C)(3) LINE 7 SERVICESOURCE INC 0 HOMES FOR INDEPENDENCE INC (DELAWARE) 2735 WHITNEY ROAD CLEARWATER FL 33760 274867827 TO PROVIDE LOW INCOME HOUSING FOR THOSE WITH DISABILITIES DE 501(C)(3) LINE 10 SERVICESOURCE INC 0 HOMES FOR INDEPENDENCE INC (NC) 2735 WHITNEY ROAD CLEARWATER FL 33760 262833829 TO PROVIDE LOW INCOME HOUSING FOR THOSE WITH DISABILITIES NC 501(C)(3) LINE 10 SERVICESOURCE INC 0 HOMES FOR INDEPENDENCE INC (VIRGINIA) 2735 WHITNEY ROAD CLEARWATER FL 33760 274868301 TO PROVIDE LOW INCOME HOUSING FOR THOSE WITH DISABILITIES VA 501(C)(3) LINE 10 SERVICESOURCE INC 0 OPPORTUNITY CENTER INC 13 READS WAY SUITE 101 NEW CASTLE DE 19720 510079778 TO SERVE THOSE WITH DISABILITIES DE 501(C)(3) LINE 10 SERVICESOURCE INC 0 PARC COMMUNITY PARTNERSHIP FOUNDATION 8170 PARC CIRCLE CLEARFIELD UT 84015 274480214 TO SERVE THOSE WITH DISABILITIES UT 501(C)(3) LINE 7 SERVICESOURCE INC 0 SERVICESOURCE EMPLOYMENT SERVICES INC 10467 WHITE GRANITE DRIVE OAKTON VA 22124 562226062 TO SERVE THOSE WITH DISABILITIES NC 501(C)(3) LINE 10 SERVICESOURCE INC 0 SERVICESOURCE FOUNDATION INC 10467 WHITE GRANITE DRIVE OAKTON VA 22124 201438270 TO SERVE THOSE WITH DISABILITIES VA 501(C)(3) LINE 7 SERVICESOURCE INC 0 SERVICESOURCE INC 10467 WHITE GRANITE DRIVE OAKTON VA 22124 540901256 TO SERVE THOSE WITH DISABILITIES VA 501(C)(3) LINE 10 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 PART II: ABILITIES AT CUMBERLAND TOWERS, INC. IS PART OF THE SERVICESOURCE FLORIDA REGIONAL OFFICE, WHICH IS ONE OF SIX 501(C)(3) ORGANIZATIONS THAT ARE SEPARATE LEGAL ENTITIES, BUT GOVERNED BY A SHARED VOLUNTEER BOARD OF DIRECTORS AND BRANDED AS "SERVICESOURCE." GENERAL CORPORATE AND OVERHEAD EXPENSES AND SALARIES ARE SPREAD ACROSS FOUR REGIONAL OFFICES ACCORDING TO APPROPRIATE ALLOCATION METHODOLOGY AND BASED ON THE PERCENTAGE OF SUPPORT TO THE SPECIFIC REGIONAL OFFICE. THIS STRUCTURE ALLOWS FOR MAINTENANCE OF MUCH LOWER CORPORATE OVERHEAD RATE AS A PERCENTAGE OF REVENUE TO ENSURE THAT ADEQUATE FUNDS ARE DIRECTED SPECIFICALLY TO PROGRAM OPERATIONS. SERVICESOURCE IS OPERATIONALLY COMPRISED OF THE VIRGINIA REGIONAL OFFICE BASED IN OAKTON, VIRGINIA; THE FLORIDA REGIONAL OFFICE IN CLEARWATER, FLORIDA; THE NORTH CAROLINA REGIONAL OFFICE IN FAYETTEVILLE, NORTH CAROLINA; THE DELAWARE REGIONAL OFFICE IN NEW CASTLE, DELAWARE; AND THE UTAH REGIONAL OFFICE IN CLEARFIELD, UTAH. WITH OPERATIONS IN TEN STATES AND THE DISTRICT OF COLUMBIA, SERVICESOURCE COLLECTIVELY SERVES MORE THAN 32,000 INDIVIDUALS WITH DISABILITIES ANNUALLY THROUGH A RANGE OF INNOVATIVE AND VALUED EMPLOYMENT, TRAINING, HABILITATION, HOUSING AND OTHER SUPPORT SERVICES.