Overview
What is Palmetto Breeze Apartments Inc?
Palmetto Breeze Apartments Inc is a 12-unit housing complex located in St. Petersburg, Florida, specifically at 445 31st Street North. This nonprofit organization is dedicated to offering housing solutions for individuals struggling with chronic mental illness. The residents of this complex are all clients of Boley Centers Inc, a related 501(c)(3) organization. The primary mission of Palmetto Breeze Apartments Inc is to provide a safe and supportive living environment for these individuals, facilitated by a Project Rental Assistance Contract and a Section 811 Capital Advance under the National Affordable Housing Act.
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
Palmetto Breeze Apartments Inc has earned an 82% score, reflecting strong accountability and financial practices. The organization boasts a fully independent board with 10 out of 10 members, demonstrating its commitment to governance. The charity has no records of asset diversion and maintains a comprehensive set of policies, including conflict of interest and whistleblower protections, all of which contribute positively to its accountability score.
The program expense ratio of 75.16% indicates that a significant portion of its funds is directed towards its mission-related activities, which is a favorable sign for donors looking to support effective nonprofits. Additionally, the organization provides accessible documentation such as board meeting minutes, enhancing its transparency and trustworthiness.
While the overall rating is solid, the score is derived solely from the Accountability & Finance beacon, which suggests that additional insights into the organization's programmatic impact may be beneficial for a more comprehensive understanding of its effectiveness. Nonetheless, the existing governance and financial metrics position Palmetto Breeze Apartments Inc as a responsible and well-managed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Palmetto Breeze Apartments Inc legitimate?
Palmetto Breeze Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palmetto Breeze 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 Palmetto Breeze Apartments Inc?
Palmetto Breeze Apartments Inc, as a non-profit organization, is dedicated to providing housing for individuals who are clients of a related 501(c)(3) organization, Boley Centers Inc, and are living with chronic mental illness. The main objective of Palmetto Breeze Apartments is to offer a 12-unit apartment complex under Section 811 of the National Affordable Housing Act, with a Project Rental Assistance Contract. All residents of the complex are selected from the clientele of Boley Centers Inc. The organization's mission is to contribute to the well-being of these individuals by providing them with a safe and supportive living environment.
Official website here: www.boleycenters.org
Who is the CEO of Palmetto Breeze Apartments Inc?
Kevin Marrone is the Vice Preside of Palmetto Breeze Apartments Inc. The CEO's salary of Palmetto Breeze Apartments Inc is $0 and their total compensation is $129,686.
Official website here: www.boleycenters.org
What is the revenue of Palmetto Breeze Apartments Inc?
Palmetto Breeze Apartments Inc's revenue in 2022 was $68,119.
Official website here: www.boleycenters.org
Who are the executives of Palmetto Breeze Apartments Inc and what are their salaries?
Here are 9 key members and their salaries (Palmetto Breeze 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: $154,733
- Other: $4,711
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $89,097
- Other: $15,322
- Compensation: $0
- Related: $125,916
- Other: $3,770
Official website here: www.boleycenters.org
Where can I find the form 990 for Palmetto Breeze Apartments Inc?
Palmetto Breeze 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 Palmetto Breeze Apartments Inc
Palmetto Breeze Apartments Inc, a non-profit organization, is dedicated to providing housing for individuals who are clients of Boley Centers, Inc., a related 501(c)(3) organization, and are living with chronic mental illness. This housing solution is made possible through a Section 811 Capital Advance of the National Affordable Housing Act, which includes a Project Rental Assistance Contract. The 12-unit apartment complex, managed by Palmetto Breeze Apartments Inc, is exclusively for these individuals, ensuring they have a safe and supportive living environment. The organization's mission aligns with the goal of providing stable housing and essential support services to individuals who may otherwise struggle to secure suitable housing due to their mental health conditions.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Palmetto Breeze Apartments Inc's impact lies in providing essential housing support to individuals with chronic mental illness who are clients of Boley Centers, Inc. This nonprofit organization operates a 12-unit apartment complex in St. Petersburg, Florida, under a Section 811 capital advance of the National Affordable Housing Act. By offering a safe and stable living environment with project rental assistance, Palmetto Breeze Apartments Inc plays a crucial role in supporting the housing needs of vulnerable individuals with chronic mental illness. This initiative not only addresses the critical issue of homelessness among this population but also contributes to their overall well-being and quality of life.
This information is meant to be a general summary of Palmetto Breeze 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: $56
- Program Service Revenue: $30,868
- Gross Receipts: $68,119
Assets and Liabilities:
- Total Assets: $705,221
- Total Liabilities: $1,054,273
- Net Assets: -$349,052
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$30,868
Organization Details
Founding Year
2002
Phone
(727) 821-4819Principal Officer
Kevin Marrone
Main Address
445 31ST STREET NORTH, ST PETERSBURG, FL, 33713
Website
www.boleycenters.orgNTEE Category
Code: L20 - Housing
If you are a representative of Palmetto Breeze Apartments Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.