Overview
What is Clam Bayou Apartments Inc?
Clam Bayou Apartments Inc is a 14-unit housing complex situated at 445 31st Street North, St. Petersburg, FL 33713. The primary objective of this nonprofit organization is to provide affordable housing for individuals struggling with chronic mental illness, who are also clients of Boley Centers Inc, a related 501(c)(3) organization. This housing complex is supported by a Section 811 Capital Advance under the National Affordable Housing Act, and tenants receive Project Rental Assistance contracts. The mission of Clam Bayou Apartments Inc is to enhance the living conditions and promote independence for its residents, offering them a safe and supportive environment to overcome their mental health challenges.
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)
Clam Bayou Apartments Inc has received an 82% rating from Charity Navigator, indicating a solid performance in accountability and finance. The rating is derived entirely from the Accountability & Finance beacon, where the organization excelled in various areas such as having a fully independent board and no material diversion of assets.
Strengths include a high program expense ratio of 77.63%, demonstrating effective allocation of funds towards its mission. Additionally, the organization has a comprehensive set of governance policies in place, including conflict of interest and whistleblower policies, which enhance its operational integrity.
However, the organization does have a liabilities to assets ratio of 142.06%, indicating potential financial risk that may warrant attention. This aspect could be a limitation in terms of long-term sustainability and financial health, suggesting that while the organization performs well in governance, it faces some challenges in its overall financial structure.
This AI summary has been generated from information found on Charity Navigator.
Is Clam Bayou Apartments Inc legitimate?
Clam Bayou Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clam Bayou 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: $7,819
For more financial information, click here
Official website here: www.boleycenters.org
What is the mission statement of Clam Bayou Apartments Inc?
Clam Bayou Apartments Inc is dedicated to providing housing for individuals struggling with chronic mental illness. This organization aligns its activities with Boley Centers Inc, a related 501(C)(3) entity. The primary goal of Clam Bayou Apartments Inc is to offer a home for those under Boley Centers Inc's care, providing them with a secure living space. The complex, comprising 14 units, is funded through the National Affordable Housing Act and offers rental assistance contracts. The tenants of this project are all clients of Boley Centers Inc.
Official website here: www.boleycenters.org
Who is the CEO of Clam Bayou Apartments Inc?
Kevin Marrone is the Vice Preside of Clam Bayou Apartments Inc. The CEO's salary of Clam Bayou Apartments Inc is $0 and their total compensation is $129,686.
Official website here: www.boleycenters.org
What is the revenue of Clam Bayou Apartments Inc?
Clam Bayou Apartments Inc's revenue in 2022 was $70,711.
Official website here: www.boleycenters.org
Who are the executives of Clam Bayou Apartments Inc and what are their salaries?
Here are 9 key members and their salaries (Clam Bayou 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 Clam Bayou Apartments Inc?
Clam Bayou 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 Clam Bayou Apartments Inc
Clam Bayou Apartments Inc is a dedicated nonprofit organization with a mission to provide housing for individuals who are clients of Boley Centers, Inc., a related 501(c)(3) organization, and are living with chronic mental illness. This mission is carried out through the operation of a 14-unit apartment complex, which is funded by a Section 811 Capital Advance under the National Affordable Housing Act. The tenants of this project are all clients of Boley Centers, Inc., ensuring that those in need of housing and support due to their mental health conditions receive the assistance they require. By offering a safe and supportive living environment, Clam Bayou Apartments Inc contributes to the overall well-being and stability of its residents, empowering them to manage their mental health and lead fulfilling lives.
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Impact
August, 2024
Clam Bayou Apartments Inc's impact is significant in providing housing for individuals with chronic mental illness who are clients of Boley Centers, Inc. The organization operates a 14-unit apartment complex under a Section 811 Capital Advance of the National Affordable Housing Act with a project rental assistance contract. By offering stable and supportive housing to this vulnerable population, Clam Bayou Apartments Inc plays a crucial role in addressing the housing needs of individuals with chronic mental illness in St. Petersburg, FL.
This information is meant to be a general summary of Clam Bayou 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: $45
- Program Service Revenue: $29,871
- Gross Receipts: $70,711
Assets and Liabilities:
- Total Assets: $1,263,373
- Total Liabilities: $1,741,641
- Net Assets: -$478,268
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$29,871
Organization Details
Founding Year
2006
Phone
(727) 821-4819Principal Officer
Kevin Marrone
Main Address
445 31ST STREET NORTH, ST PETERSBURG, FL, 33713
Website
www.boleycenters.orgNTEE Category
Code: P73 - Human services
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