Overview
What is Ace Opportunities Inc?
Ace Opportunities Inc is a charitable organization situated in an unspecified location. Their primary focus is to assist individuals categorized as homeless or struggling with substance abuse, offering them secure and reasonably priced housing along with dedicated case management. The organization's objective is to provide these vulnerable individuals with the necessary housing and guidance they require to overcome their challenges. Through their mission, Ace Opportunities Inc aims to make a positive impact in the lives of those in need.
Official website here: www.aceopportunities.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement)
Ace Opportunities Inc has received a two-star rating from Charity Navigator, indicating that it needs improvement in its operations and financial management. The charity scored 66% overall, reflecting both strengths and weaknesses in its accountability and financial practices. While the organization boasts a fully independent board with 100% of its members free from conflicts of interest, it lacks transparency in its financial statements, receiving no points in that category.
The nonprofit demonstrates positive attributes, such as having strong policies in place for whistleblower protection and conflict of interest, as well as maintaining proper documentation for board meeting minutes. However, significant areas of concern arise from its failure to publish financial statements and a high liabilities to assets ratio of 110.73%, suggesting potential financial instability.
Additionally, while the organization channels all its expenses into programs, achieving a program expense ratio of 100%, the lack of accessible financial information raises red flags for potential donors. These factors combined illustrate a need for Ace Opportunities Inc to enhance its transparency and financial reporting to better serve its mission and build trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Ace Opportunities Inc legitimate?
Ace Opportunities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ace Opportunities 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: $70,375
Professional Fundraising Fees: $0
Other Salaries and Wages: $95,727
For more financial information, click here
Official website here: www.aceopportunities.org
What is the mission statement of Ace Opportunities Inc?
Ace Opportunities Inc is committed to assisting individuals who have been classified as homeless or struggle with substance abuse. Their primary mission is to offer safe and affordable housing, alongside providing comprehensive case management services. The organization aims to guide and support these individuals, helping them navigate their challenges and improve their overall living situation. By offering housing and guidance, Ace Opportunities Inc aims to make a positive impact on those in need.
Official website here: www.aceopportunities.org
Who is the CEO of Ace Opportunities Inc?
Frank Seidl is the President of Ace Opportunities Inc.
Official website here: www.aceopportunities.org
What is the revenue of Ace Opportunities Inc?
Ace Opportunities Inc's revenue in 2021 was $826,466.
Official website here: www.aceopportunities.org
Who are the executives of Ace Opportunities Inc and what are their salaries?
The average compensation at Ace Opportunities Inc during 2021 was $18,456. There are 9 employees and 16 volunteers at Ace Opportunities Inc.
Here are 3 key members and their salaries:
- Compensation: $70,375
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.aceopportunities.org
Where can I find the form 990 for Ace Opportunities Inc?
Ace Opportunities Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.aceopportunities.org
Learn more at the official website: www.aceopportunities.org
Mission Statement of Ace Opportunities Inc
Ace Opportunities Inc, a nonprofit organization, is dedicated to assisting individuals who have been categorized as homeless or struggle with substance abuse. Their primary mission is to offer secure and reasonably priced housing along with comprehensive case management services. The goal of Ace Opportunities Inc is to provide essential guidance and housing solutions to those in need, aiming to support their journey towards stability and recovery. By offering housing and case management, this organization seeks to provide a safe and supportive environment for individuals who are facing challenges in their lives, ultimately enabling them to rebuild and improve their circumstances.
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Impact
October, 2024
Ace Opportunities Inc significantly impacts the community by providing essential housing and support services to individuals classified as homeless or struggling with substance abuse. By offering safe and affordable housing, they create a stable environment where individuals can begin to rebuild their lives. The organization also provides case management, ensuring that clients receive the guidance and resources necessary to address underlying issues and work towards long-term recovery and independence. This holistic approach not only empowers individuals but also fosters a sense of community and accountability, ultimately contributing to the overall well-being of the Largo, FL area.
This information is meant to be a general summary of Ace Opportunities 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 2021.
- Gross Receipts: $826,466
Assets and Liabilities:
- Total Assets: $204,293
- Total Liabilities: $263,300
- Net Assets: -$59,007
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Organization Details
Founding Year
2009
Phone
(727) 776-5336Principal Officer
Frank Seidl
Main Address
7699 ARALIA WAY, LARGO, FL, 337774911
Website
www.aceopportunities.orgNTEE Category
Code: P85 - Human services
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