Overview
What is Broadwater Place Inc?
Broadwater Place Inc is a 14-unit housing complex, located in St. Petersburg, Florida (33713), specifically designed to cater to individuals battling chronic mental illnesses. This nonprofit organization, funded under the Section 811 Capital Advance of the National Affordable Housing Act, provides rental assistance through a contract. The tenants of this project are individuals who are clients of Boley Centers, Inc., a related 501(c)(3) organization. Broadwater Place Inc's primary mission is to offer housing solutions to these individuals, ensuring they have a supportive living environment to manage their health conditions more effectively.
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
Broadwater Place Inc has received an 82% score from Charity Navigator, which reflects solid performance in its accountability and finance practices. The organization achieved a three-star rating, indicating that it meets a good standard of financial health and governance. This score is derived solely from its accountability and finance metrics, showcasing the charity's commitment to transparency and responsible financial management.
The charity demonstrates strong governance, with 100% of its board members being independent. Additionally, it has met all the criteria related to financial practices, such as having no material diversions of assets and maintaining a conflict of interest policy. The organization also excels in financial efficiency, with a program expense ratio of 77.88%, indicating that a substantial portion of its funds is allocated directly to its programs.
While Broadwater Place Inc shows strengths in accountability and financial management, the lack of a comprehensive rating that includes other performance metrics can provide a limited view of its overall impact. Nevertheless, the detailed financial practices and governance measures suggest that the organization is committed to maintaining high standards in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Broadwater Place Inc legitimate?
Broadwater Place Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Broadwater Place 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: $8,665
For more financial information, click here
Official website here: www.boleycenters.org
What is the mission statement of Broadwater Place Inc?
Broadwater Place Inc, as a non-profit organization, is dedicated to providing housing solutions for individuals dealing with chronic mental illness. This housing is specifically for clients associated with Boley Centers Inc, another related 501(c)(3) organization. The mission of Broadwater Place Inc revolves around offering a supportive living environment for these individuals, aiming to enhance their overall well-being. The organization operates a 14-unit apartment complex, funded by a Section 811 Capital Advance under the National Affordable Housing Act, with a Project Rental Assistance Contract in place. Tenants of this project are all clients of Boley Centers Inc.
Official website here: www.boleycenters.org
Who is the CEO of Broadwater Place Inc?
Kevin Marrone is the Vice Preside of Broadwater Place Inc. The CEO's salary of Broadwater Place Inc is $0 and their total compensation is $129,686.
Official website here: www.boleycenters.org
What is the revenue of Broadwater Place Inc?
Broadwater Place Inc's revenue in 2022 was $70,800.
Official website here: www.boleycenters.org
Who are the executives of Broadwater Place Inc and what are their salaries?
Here are 9 key members and their salaries (Broadwater Place 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 Broadwater Place Inc?
Broadwater Place 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 Broadwater Place Inc
Broadwater Place Inc, a nonprofit organization, is committed to providing housing for individuals struggling with chronic mental illness. This mission is particularly tailored towards individuals who are clients of Boley Centers, Inc., a related 501(c)(3) organization. The housing provided by Broadwater Place Inc is situated in a 14-unit apartment complex, funded through a Section 811 Capital Advance of the National Affordable Housing Act and backed by a Project Rental Assistance Contract. The tenants residing in this complex are all clients of Boley Centers, Inc., demonstrating a strong partnership between the two organizations to support those in need. Broadwater Place Inc's mission is crucial in providing a safe and supportive living environment for individuals with chronic mental illness, enabling them to navigate their daily lives with the necessary care and assistance.
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Impact
August, 2024
Broadwater Place Inc's impact is focused on providing housing to individuals with chronic mental illness who are clients of Boley Centers, Inc. This 14-unit apartment complex, established under a Section 811 Capital Advance of the National Affordable Housing Act with a Project Rental Assistance Contract, serves as a crucial resource for those in need. By offering stable and supportive housing for this vulnerable population, Broadwater Place Inc plays a significant role in addressing the housing challenges faced by individuals with chronic mental illness in St. Petersburg, FL. This initiative not only improves the quality of life for its residents but also contributes to the overall well-being and stability of the community.
This information is meant to be a general summary of Broadwater Place 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: $251
- Program Service Revenue: $32,912
- Gross Receipts: $70,800
Assets and Liabilities:
- Total Assets: $1,627,571
- Total Liabilities: $1,922,016
- Net Assets: -$294,445
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$32,912
Organization Details
Founding Year
2010
Phone
(727) 821-4819Principal Officer
Kevin Marrone
Main Address
445 31ST STREET NORTH, ST PETERSBURG, FL, 33713
Website
www.boleycenters.orgNTEE Category
Code: L22 - Housing
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