Bay Equity Investments Inc in Panama City, Florida (FL)
Table of contents:
| Bay Equity Investments Inc | |
| Employer Identification Number (EIN) | 593119117 |
| Name of Organization | Bay Equity Investments Inc |
| In Care of Name | Mr Elijah Smiley |
| Address | 320 E 7th Street Unit B, Panama City, FL 32401-3033 |
| Activities | Other activity aimed t combating community deterioration, Area development, redevelopment of renewal, Described in section 170(b)1)(a)(vi) of the Code |
| Subsection | Charitable Organization |
| Ruling Date | 11/1993 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $251,993 |
| Amount of Income | $7,592 |
| Form 990 Revenue Amount | $7,592 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Housing Development, Construction, Management |
Non-representatives - add comments:
Amount of income in 2013: $7,592 (it was $4,507 in 2012)
| Bay Equity Investments Inc: | $7,592 |
| Other organizations performing similar types of work: | $914,408 |
Assets in 2013: $251,993 (it was $254,187 in 2012)
| This organization: | $251,993 |
| Other organizations performing similar types of work: | $2,572,607 |
Expenses in 2013: $7,926
| This organization: | $7,926 |
| Other organizations performing similar types of work: | $776,462 |
Income to expenses ratio in 2013: 1.0
| Bay Equity Investments Inc: | 1.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 59.3%
| Bay Equity Investments Inc: | 59.3% |
| Other organizations performing similar types of work: | 0.3% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $681 | $12,017 | $4,507 | $7,592 |
| Contributions, gifts, grants, and similar amounts received | $7,805 | $12,000 | $4,500 | $4,500 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $-7,124 | $17 | $7 | $7 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $3,085 |
| Total expenses | $13,853 | $14,372 | $10,988 | $7,926 |
| Total net assets | $132,485 | $130,130 | $123,649 | $123,315 |
| Excess/Deficit for the year | $-13,172 | $-2,355 | $-6,481 | $-334 |
| Net assets or fund balances at beginning of year | $145,657 | $132,485 | $130,130 | $123,649 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $123,649 | $123,315 | ||
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $132,485 | $258,562 | $254,187 | $251,993 |
| Total liabilities | $0 | $128,432 | $130,538 | $128,678 |
| Net assets or fund balances | $132,485 | $130,130 | $123,649 | $123,315 |
| Other Information | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | ||
| Were any significant changes made to the organizing or governing documents? | No | No | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | Yes |
| Has the organization filed a Form 990-T for the year? | No | Yes | ||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | ||
| Amount of political expenditures, direct or indirect | $0 | $0 | ||
| Did the organization file Form 1120-POL for this year? | No | No | ||
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | ||
| Total amount involved | $0 | $0 | ||
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | ||
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $40,805 |
| Subtotal Support | $40,805 |
| Gifts, grants, contributions, and membership fees received | $40,805 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $44,227 |
| Public Support | $40,805 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $337 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $3,085 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Habitat For Humanity Of Collier County Inc | 11145 Tamiami Trl E, Naples, FL 34113-7753 | FL | 1979-12 | $21,433,952 |
| 2 | Habitat For Humanity International Inc, Jacksonville Hfh Of | 2404 Hubbard St, Jacksonville, FL 32206-2911 | FL | 1987-01 | $13,771,765 |
| 3 | Sheltering Palms Foundation Inc | 9045 La Fontana Blvd Ste 105, Boca Raton, FL 33434-5640 | FL | 1998-01 | $12,254,438 |
| 4 | Habitat For Humanity International Inc, Charlotte County Hfh | 1750 Manzana Ave, Punta Gorda, FL 33950-6049 | FL | 1987-01 | $8,191,294 |
| 5 | Pensacola Habitat For Humanity Inc | 300 West Leonard Street, Pensacola, FL 32501-1406 | FL | 1982-10 | $7,729,474 |
| 6 | Shelter Solutions Inc | 1941 A1a 403, Indian Harbour Beach, FL 32937 | FL | 1991-11 | $5,610,150 |
| 7 | Everglades Community Association Incorporated | PO BOX 343529, Florida City, FL 33034-0529 | FL | 1984-10 | $5,024,095 |
| 8 | Emerald Coast Housing Ii Inc | 205 Brooks St Se Ste 201 # 201, Ft Walton Bch, FL 32548-5840 | FL | 1997-03 | $3,607,130 |
| 9 | Cordova Community Facilities Corporation | 205 Brooks St Se Ste 201, Ft Walton Bch, FL 32548-5840 | FL | 1997-03 | $3,177,640 |
| 10 | Florida Housing Corporation | 1615 Hollyhock Rd, Wellington, FL 33414 | FL | 1997-09 | $3,134,157 |
| 11 | Fairhaven Healthcare Center Inc | 35 Avco Rd, Haverhill, MA 01835-6936 | MA | 2007-11 | $15,699,503 |
| 12 | Reach Community Development Inc | 4150 Sw Moody Ave, Portland, OR 97239-4417 | OR | 1982-09 | $11,702,112 |
| 13 | Southlake Community Foundation Inc | 16554 Crossing Blvd Ste 2, Clermont, FL 34714-4830 | FL | 1992-01 | $2,990,711 |
| 14 | Reliance Gulfstream Inc | 1136 Se 3rd Ave, Ft Lauderdale, FL 33316-1110 | FL | 1999-07 | $150,000 |
| 15 | Woodside Housing Resource Foundation, Hall Prentice Ttee | 6820 St Augustine Road, Jacksonville, FL 32217-2818 | FL | 1992-03 | $12,000 |
| 16 | The Alliance For Affordable Housing Inc, Alliance For Sustainable Communities Inc | 11714 Plumosa Road, Tampa, FL 33618 | FL | 1993-08 | $9,745 |
| 17 | Emerald Coast Housing Corporation | 250 Brooks Street Suite 201, Fort Walton Beach, FL 32549 | FL | 1994-10 | $0 |
| 18 | Franklin County Community Develop- Ment And Land Trust Corporation | P O Box 801, Eastpoint, FL 32328-0801 | FL | 2007-01 | $0 |
| 19 | Heartland Community Land Trust Inc | 501 S Commerce Ave, Sebring, FL 33870-3869 | FL | 2008-07 | $0 |
| 20 | South Florida Alliance For Humanity Inc | 401 East Las Olas Blvd Suite 800, Fort Lauderdale, FL 33301 | FL | 1993-04 | $0 |
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| Total | 875 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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