Overview
What is Arlington Avenue Apartments Inc?
Arlington Avenue Apartments Inc, located at 445 31st Street North, St. Petersburg, FL 33713, is a 16-unit housing complex specifically designed for individuals struggling with chronic mental illness. This nonprofit organization, in partnership with Boley Centers Inc, a related 501(c)(3) organization, provides a secure living space under a Section 811 Capital Advance of the National Affordable Housing Act. The residents of this project are primarily clients of Boley Centers Inc, ensuring they receive comprehensive support during their stay. Arlington Avenue Apartments Inc's mission is to offer a conducive living environment to individuals with chronic mental illness, thereby enhancing their quality of life and overall well-being.
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)
Arlington Avenue Apartments Inc has received an 82% rating from Charity Navigator, indicating a solid level of accountability and financial health. This score is derived entirely from its Accountability & Finance metrics, where it excels in areas such as board independence and the absence of material diversion of assets. The organization showcases a robust governance structure, with 100% independent board members and a comprehensive set of policy listings, including conflict of interest and whistleblower policies.
Despite its strengths, there are notable concerns regarding the organization's financial ratios. The liabilities to assets ratio is significantly high at 122.54%, which could indicate that the organization may struggle with financial stability or asset management in the long term. However, the program expense ratio is strong at 78.48%, suggesting that a substantial portion of its resources is directed toward its mission-related activities.
Overall, while Arlington Avenue Apartments Inc demonstrates commendable governance and accountability practices, potential donors and stakeholders should be mindful of its financial liabilities as they evaluate the organization's overall viability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Arlington Avenue Apartments Inc legitimate?
Arlington Avenue Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arlington Avenue 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: $8,559
For more financial information, click here
Official website here: www.boleycenters.org
What is the mission statement of Arlington Avenue Apartments Inc?
Arlington Avenue Apartments Inc, as a non-profit organization, is dedicated to providing housing for individuals struggling with chronic mental illness. This housing is specifically for clients of Boley Centers Inc, a related 501(c)(3) organization. The apartment complex, consisting of 16 units, is funded through the National Affordable Housing Act and offers Project Rental Assistance contracts. The primary goal of Arlington Avenue Apartments Inc is to offer a safe and supportive living environment for these individuals, aiming to improve their quality of life and facilitate their recovery process.
Official website here: www.boleycenters.org
Who is the CEO of Arlington Avenue Apartments Inc?
Kevin Marrone is the Vice Preside of Arlington Avenue Apartments Inc. The CEO's salary of Arlington Avenue Apartments Inc is $0 and their total compensation is $129,686.
Official website here: www.boleycenters.org
What is the revenue of Arlington Avenue Apartments Inc?
Arlington Avenue Apartments Inc's revenue in 2022 was $70,649.
Official website here: www.boleycenters.org
Who are the executives of Arlington Avenue Apartments Inc and what are their salaries?
Here are 9 key members and their salaries (Arlington Avenue 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: $0
- Other: $0
- Compensation: $0
- Related: $89,097
- Other: $15,322
- 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 Arlington Avenue Apartments Inc?
Arlington Avenue 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 Arlington Avenue Apartments Inc
Arlington Avenue Apartments Inc, a nonprofit organization, is committed to providing housing for individuals battling chronic mental illness. This mission is carried out by accommodating clients of Boley Centers Inc, a related 501(c)(3) organization. The housing complex, consisting of 16 units, is funded through a Section 811 Capital Advance of the National Affordable Housing Act, and is further supported by a Project Rental Assistance Contract. The tenants of this project are all clients of Boley Centers Inc, ensuring that the provision of housing is tailored to meet the specific needs of individuals dealing with chronic mental illness.
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Impact
August, 2024
Arlington Avenue Apartments Inc's impact can be seen through its provision of essential housing to individuals with chronic mental illness who are clients of Boley Centers, Inc. This 16-unit apartment complex in St. Petersburg, FL, plays a crucial role in supporting these individuals by offering a stable place to live. The organization's mission to provide housing to this vulnerable population aligns with its commitment to addressing the housing needs of individuals with mental health challenges. Through its efforts, Arlington Avenue Apartments Inc contributes to improving the quality of life and well-being of its residents, ensuring they have a safe and supportive environment to call home.
This information is meant to be a general summary of Arlington Avenue 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: $278
- Program Service Revenue: $38,022
- Gross Receipts: $70,649
Assets and Liabilities:
- Total Assets: $2,027,962
- Total Liabilities: $2,425,296
- Net Assets: -$397,334
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$38,022
Organization Details
Founding Year
2008
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
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