Overview
What is Twin Brooks Apartments Inc?
Twin Brooks Apartments Inc is a 14-unit housing complex situated in St. Petersburg, Florida (33713). This nonprofit organization, in compliance with the Section 811 Capital Advance of the National Affordable Housing Act, offers accommodation to individuals dealing with chronic mental illness. Notably, all residents of this project are associated with Boley Centers Inc., a related 501(c)(3) organization. The primary mission of Twin Brooks Apartments Inc is to provide a secure living space for individuals with chronic mental illness under the care of Boley Centers Inc. By offering housing, this nonprofit strives to support and enhance the quality of life for those in need.
Official website here: www.boleycenters.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating
Twin Brooks Apartments Inc has achieved an 82% score, reflecting a strong commitment to accountability and finance. The rating is based entirely on a single beacon score, indicating that the organization excels in financial transparency and governance. The high score demonstrates effective management practices, including a fully independent board.
The organization shows impressive strengths in various governance metrics, with a perfect score in categories like independent board members and material diversion of assets. Their accountability practices, such as having a conflict of interest policy, whistleblower policy, and documented board meeting minutes, enhance their credibility as a nonprofit.
While the overall rating is positive, the focus on accountability and finance means that programmatic impact is not measured in this rating. Therefore, while financial health is robust, potential donors may want to consider additional information on the organization's impact and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Twin Brooks Apartments Inc legitimate?
Twin Brooks Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Twin Brooks Apartments Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,397
For more financial information, click here
Official website here: www.boleycenters.org
What is the mission statement of Twin Brooks Apartments Inc?
Twin Brooks Apartments Inc, as a housing provider, is dedicated to serving individuals with chronic mental illness who are also clients of Boley Centers Inc, a related 501(c)(3) organization. Their primary mission is to offer suitable living spaces, catering specifically to this demographic. Located as a 14-unit apartment complex, Twin Brooks Apartments Inc is funded through a Section 811 Capital Advance of the National Affordable Housing Act, equipped with a Project Rental Assistance Contract. All tenants residing in the project are affiliated with Boley Centers Inc. The organization's mission is to provide a secure and supportive living environment for individuals dealing with chronic mental illness, enabling them to maintain their well-being.
Official website here: www.boleycenters.org
Who is the CEO of Twin Brooks Apartments Inc?
Kevin Marrone is the Vice Preside of Twin Brooks Apartments Inc. The CEO's salary of Twin Brooks Apartments Inc is $0 and their total compensation is $129,686.
Official website here: www.boleycenters.org
What is the revenue of Twin Brooks Apartments Inc?
Twin Brooks Apartments Inc's revenue in 2022 was $73,685.
Official website here: www.boleycenters.org
Who are the executives of Twin Brooks Apartments Inc and what are their salaries?
Here are 9 key members and their salaries (Twin Brooks Apartments Inc's CEO's salary is $0 and their total compensation is $129,686):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $154,733
- Other: $4,711
- Compensation: $0
- Related: $89,097
- Other: $15,322
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $125,916
- Other: $3,770
Official website here: www.boleycenters.org
Where can I find the form 990 for Twin Brooks Apartments Inc?
Twin Brooks Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.boleycenters.org
Learn more at the official website: www.boleycenters.org
Mission Statement of Twin Brooks Apartments Inc
Twin Brooks Apartments Inc, a nonprofit organization, is committed to providing housing for individuals who struggle with chronic mental illness. This mission is in alignment with Boley Centers, Inc., a related 501(c)(3) organization. The 14-unit apartment complex, funded by a Section 811 Capital Advance of the National Affordable Housing Act, offers rental assistance contracts. Notably, all the tenants residing in this project are clients of Boley Centers, Inc., demonstrating a strong partnership between the two organizations. By offering housing, Twin Brooks Apartments Inc aims to provide a stable living environment for individuals dealing with chronic mental illness, enabling them to focus on their recovery and well-being.
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Impact
August, 2024
Twin Brooks Apartments Inc's impact is significant as it provides crucial housing support to individuals with chronic mental illness who are clients of Boley Centers, Inc. This 14-unit apartment complex in St. Petersburg, FL, operates under a Section 811 Capital Advance of the National Affordable Housing Act with a project rental assistance contract. By offering stable housing to this vulnerable population, Twin Brooks Apartments Inc contributes to improving their quality of life and well-being. The organization's focus on providing housing in a supportive environment aligns with its mission to serve individuals with chronic mental illness, ultimately making a positive impact on the community.
This information is meant to be a general summary of Twin Brooks Apartments Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $80
- Program Service Revenue: $24,774
- Gross Receipts: $73,685
Assets and Liabilities:
- Total Assets: $1,362,678
- Total Liabilities: $1,877,879
- Net Assets: -$515,201
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$24,774
Organization Details
Founding Year
2007
Phone
(727) 821-4819Principal Officer
Kevin Marrone
Main Address
445 31ST STREET NORTH, ST PETERSBURG, FL, 33713
Website
www.boleycenters.orgNTEE Category
Code: L21 - Housing
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