Overview
What is Peace River Center Properties Ii Inc?
Peace River Center Properties II Inc is a nonprofit organization located in Bartow, Florida. Their primary mission is to contribute to the development of a crisis campus in Lakeland, Florida. Through the New Markets Tax Credit (NMTC) Funding program, they facilitate investments in designated community development entities (CDEs), which in turn use the funds to make qualified low-income community investments (QLICI). Peace River Center Properties II Inc's role is to construct, own, and operate or contract to operate a crisis campus, incorporating an in-patient crisis stabilization unit and an out-patient service facility. This facility aims to provide essential care to individuals in need, contributing to the betterment of the community.
Is Peace River Center Properties Ii Inc legitimate?
Peace River Center Properties Ii Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Peace River Center Properties Ii 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: $0
For more financial information, click here
What is the mission statement of Peace River Center Properties Ii Inc?
Peace River Center Properties II Inc's mission is centered around constructing, owning, and operating, or contracting to operate, a crisis campus. This facility includes an in-patient crisis stabilization unit and an out-patient service facility. The organization's objective is to utilize this crisis campus to provide essential services for individuals experiencing mental health crises. To achieve this, they facilitated Peace River Center's acquisition of New Markets Tax Credit funding. This program allows taxpayers to claim a credit against federal income taxes for qualified equity investments in designated community development entities. These entities must use a significant portion of the proceeds to make qualified low-income community investments. The taxpayer is then provided with a tax credit claimed over a seven-year period.
Who is the CEO of Peace River Center Properties Ii Inc?
J William Gardam is the Principal Officer of Peace River Center Properties Ii Inc.
What is the revenue of Peace River Center Properties Ii Inc?
Peace River Center Properties Ii Inc's revenue in 2022 was $152,124.
Who are the executives of Peace River Center Properties Ii Inc and what are their salaries?
There 5 volunteers at Peace River Center Properties Ii Inc.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $193,550
- Other: $29,358
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Peace River Center Properties Ii Inc?
Peace River Center Properties Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Peace River Center Properties Ii Inc
Peace River Center Properties II Inc is committed to constructing, owning, and operating, or contracting to operate, a crisis campus. Their mission is to establish a facility equipped with an in-patient crisis stabilization unit and an out-patient service facility. This organization plays a crucial role in facilitating Peace River Center's efforts in obtaining New Markets Tax Credit Funding. This funding is utilized for the construction of a crisis campus in Lakeland, Florida. The New Markets Tax Credit (NMTC) program allows taxpayers to claim a credit against their federal income taxes for qualified equity investments (QEI) in designated community development entities (CDEs). These designated CDEs must utilize substantially all (85%) of the proceeds to make qualified low-income community investments (QLICI). The taxpaying investor is rewarded with a tax credit, which is claimed over a seven-year period. In essence, Peace River Center Properties II Inc is dedicated to the development and operation of a crisis campus, thereby providing essential resources for individuals in need of crisis stabilization services.
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
October, 2024
Peace River Center Properties II Inc plays a vital role in enhancing mental health services by facilitating the construction and operation of a crisis campus in Lakeland, Florida. This initiative is focused on providing essential resources such as an in-patient crisis stabilization unit and an out-patient service facility, which are critical for individuals experiencing mental health crises.
The organization's efforts in obtaining New Markets Tax Credit funding are particularly impactful, allowing for significant investment in the community. This funding mechanism not only supports the construction of the campus but also ensures that the financial benefits are directed toward low-income communities, fostering broader access to mental health services. By utilizing this innovative funding approach, Peace River Center Properties II Inc is able to contribute to the well-being of the community, addressing urgent mental health needs and promoting overall community improvement.
Through its commitment to these vital services, the organization directly impacts the local population by providing timely and effective mental health care, ultimately helping to stabilize individuals in crisis and reduce barriers to access for those in need.
This information is meant to be a general summary of Peace River Center Properties Ii 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.
- Program Service Revenue: $152,124
- Gross Receipts: $152,124
Assets and Liabilities:
- Total Assets: $5,055,656
- Total Liabilities: $5,176,766
- Net Assets: -$121,110
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 FROM AFFILIATE
Revenue
$152,124
Organization Details
Founding Year
2015
Phone
(863) 519-0575Principal Officer
J William Gardam
Main Address
PO BOX 1559, BARTOW, FL, 338311559
NTEE Category
Code: S47 - Community improvement
If you are a representative of Peace River Center Properties Ii 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.