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Southwest Florida Affordablehousing Choice Foundation Inc

EIN 20-4985818 · Fort Myers, FL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong96 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

PROVIDE AND DEVELOP AFFORDABLE HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS OR FAMILIES.

Income
$4.6 million
Spending
$1.7 million
Spent on programs
95%
Reserves
31.1 months of spending
Largest source of income
fees for its services, 52%
Employees
0
Highest pay
$202,811, president

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 96 out of 100. Higher than 89% of charities in its peer group (housing, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 31.1 months of spending.

  • Debt

    16 of 20

    It owes 15% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 63% of income.

  • Income trend

    15 of 15

    Income rose 66% on the year before.

  • Spending floor

    15 of 15

    95% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 70% of charities in its peer group (housing, $1m to $10m).

  • Independent board

    25 of 25

    7 of 7 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $1.7 million spent. THROUGH AWARDS FROM THE NEIGHBORHOOD STABILIZATION PROGRAM (NSP) THE AGENCY CONSTRUCTED/PURCHASED 82 UNITS TO BE RENTED TO LOW INCOME PERSONS OR FAMILIES. THE AGENCY IS THE OWNER/MANAGER OF THESE UNITS. TO QUALIFY TO LIVE IN THESE DEVELOPMENTS, THE PERSON/FAMILY INCOME MUST BE BELOW 50% OF THE AREA MEDIAN INCOME; RENT IS BASED ON THE INCOME OF THE TENANT. DURING THE TAX YEAR, ADDITIONAL LAND WAS PURCHASED TO EXPAND AND FURTHER AFFORDABLE HOUSING. THE AGENCY ALSO PURCHASED AN AGE RESTRICTED PROPERTY WITH 60 UNITS IN MARCH 2020.
  2. THE AGENCY IS THE MANAGING GENERAL PARTNER IN TWO MIXED FINANCE PARTNERSHIPS: 1% OWNERSHIP IN EACH. THE DEVELOPMENTS, PLACED IN SERVICE IN 2014, CONSISTS OF 212 UNITS OF ACC PUBLIC HOUSING AND CONTRACT BASED SECTION 8 UNITS FOR LOW INCOME PERSONS/FAMILIES. THE DEVELOPMENTS ARE EAST POINTE PLACE AND THE LANDINGS AT EAST POINT. EXCESS CASH, PER THE PARTNERSHIP AGREEMENTS, IS DISTRIBUTED TO THE AGENCY ANNUALLY. THESE FUNDS ARE USED TO CONTINUE THE MISSION OF DEVELOPING AFFORDABLE HOUSING FOR LOW AND MODERATE-INCOME FAMILIES/PERSONS. THE AGENCY IS CURRENTLY WORKING TO DEVELOP 3 ADDITIONAL MIXED FINANCED PROPERTIES. 1. THE FOUNDATION PURCHASED LAND IN JUNE 2022 TO REPLACE THE ROYAL PALM PUBLIC HOUSING FACILITY WITH A NEW SENIOR FACILITY ON THIS PURCHASED LAND. NEW FACILITY IS CURRENTLY UNDER DESIGN IN 2023. 2. THE AGENCY HAS BEEN AWARDED TAX CREDITS TO BUILD PHASE II OF EAST POINTE PLACE AND HAS PLACED THE CREDITS IN SERVICE IN DECEMBER 24. 3. THE AGENCY HAS RETURNED THE AWARDED TAX CREDITS TO REHABILITATE THE PUBLIC HOUSING FACILITY BONAIR TOWERS. WE ARE PLANNING FOR/TO BUILD BACK ON THE ORIGINAL SITE AND SEEK FUNDING THROUGH THE STATE ARPA PROGRAM. 4. WE HAVE CLOSED ON MARCH 27, 2024. THE OFFSITE COMPONENT ON CLEVELAND AVENUE WITH OUR DEVELOPER PARTNERS TO BUILD 92 TAX CREDIT UNITS IN CONJUNCTION WITH THE CHOICE NEIGHBORHOOD IMPLEMENTATION GRANT AWARDED BY HUD. THE UNITS ARE ANTICIPATED TO BE PLACED IN SERVICES BY MARCH 1, 2026. THE AGENCY IS THE MANAGING GENERAL PARTNER IN TWO MIXED FINANCE PARTNERSHIPS: 1% OWNERSHIP IN EACH. THE DEVELOPMENTS, PLACED IN SERVICE IN 2014, CONSISTS OF 212 UNITS OF ACC PUBLIC HOUSING AND CONTRACT BASED SECTION 8 UNITS FOR LOW INCOME PERSONS/FAMILIES. THE DEVELOPMENTS ARE EAST POINTE PLACE AND THE LANDINGS AT EAST POINT. EXCESS CASH, PER THE PARTNERSHIP AGREEMENTS, IS DISTRIBUTED TO THE AGENCY ANNUALLY. THESE FUNDS ARE USED TO CONTINUE THE MISSION OF DEVELOPING AFFORDABLE HOUSING FOR LOW AND MODERATE-INCOME FAMILIES/PERSONS. THE AGENCY IS CURRENTLY WORKING TO DEVELOP 3 ADDITIONAL MIXED FINANCED PROPERTIES. 1. THE FOUNDATION PURCHASED LAND IN JUNE 2022 TO REPLACE THE ROYAL PALM PUBLIC HOUSING FACILITY WITH A NEW SENIOR FACILITY ON THIS PURCHASED LAND. NEW FACILITY IS CURRENTLY UNDER DESIGN IN 2023. 2. THE AGENCY HAS BEEN AWARDED TAX CREDITS TO BUILD PHASE II OF EAST POINTE PLACE AND HAS PLACED THE CREDITS IN SERVICE IN DECEMBER 24. 3. THE AGENCY HAS RETURNED THE AWARDED TAX CREDITS TO REHABILITATE THE PUBLIC HOUSING FACILITY BONAIR TOWERS. WE ARE PLANNING FOR/TO BUILD BACK ON THE ORIGINAL SITE AND SEEK FUNDING THROUGH THE STATE ARPA PROGRAM. 4. WE HAVE CLOSED ON MARCH 27, 2024. THE OFFSITE COMPONENT ON CLEVELAND AVENUE WITH OUR DEVELOPER PARTNERS TO BUILD 92 TAX CREDIT UNITS IN CONJUNCTION WITH THE CHOICE NEIGHBORHOOD IMPLEMENTATION GRANT AWARDED BY HUD. THE UNITS ARE ANTICIPATED TO BE PLACED IN SERVICES BY MARCH 1, 2026.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since March 2009.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

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