Overview
What is Shady Pines Apartments Inc?
Shady Pines Apartments Inc is a nonprofit organization situated in St. Petersburg, Florida, specifically at 445 31st Street North. The primary purpose of this organization is to offer housing to individuals struggling with chronic mental illness. They are funded under the Section 811 Capital Advance of the National Affordable Housing Act, and their tenants are all clients of a related 501(c)(3) organization named Boley Centers, Inc. Shady Pines Apartments Inc's mission is to provide a supportive living environment for these individuals, aiming to enhance their well-being and quality of life.
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.
Shady Pines Apartments Inc has received a commendable score of 82%, reflecting solid performance in accountability and finance. This rating is significant as it indicates the organization’s commitment to transparency and responsible financial management, which are crucial for building trust among donors and stakeholders. The charity has maintained a strong financial profile, evidenced by its high program expense ratio of 79.26%, ensuring that the majority of funds are used directly for its mission.
The organization boasts a fully independent board, with all 10 members meeting the requirements, and no material diversion of assets reported. Furthermore, Shady Pines has established comprehensive policies, including conflict of interest and whistleblower protections, which contribute to its overall governance quality. These strengths highlight the organization's focus on ethical practices and operational integrity.
However, while the rating showcases many positive attributes, it is important for potential supporters to consider that the overall score is based solely on the accountability and finance beacon. This means that other aspects such as program effectiveness and donor feedback were not part of the evaluation, which could provide a more rounded view of the charity's impact. Nevertheless, the accomplishments in governance and fiscal responsibility are noteworthy.
This AI summary has been generated from information found on Charity Navigator.
Is Shady Pines Apartments Inc legitimate?
Shady Pines Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shady Pines 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: $5,072
For more financial information, click here
Official website here: www.boleycenters.org
What is the mission statement of Shady Pines Apartments Inc?
Shady Pines Apartments Inc, as a non-profit organization, is committed to providing housing for individuals who are chronically ill with mental health issues. This housing is specifically for clients of Boley Centers Inc, a related 501(c)(3) organization. The apartment complex, consisting of eight units, is funded under the Section 811 Capital Advance of the National Affordable Housing Act with a Project Rental Assistance Contract. All tenants of this project are clients of Boley Centers Inc. In essence, Shady Pines Apartments Inc serves as a supportive living space for individuals requiring mental health care, ensuring they have a stable housing solution through their collaboration with Boley Centers Inc.
Official website here: www.boleycenters.org
Who is the CEO of Shady Pines Apartments Inc?
Kevin Marrone is the Vice Preside of Shady Pines Apartments Inc. The CEO's salary of Shady Pines Apartments Inc is $0 and their total compensation is $129,686.
Official website here: www.boleycenters.org
What is the revenue of Shady Pines Apartments Inc?
Shady Pines Apartments Inc's revenue in 2022 was $49,709.
Official website here: www.boleycenters.org
Who are the executives of Shady Pines Apartments Inc and what are their salaries?
Here are 9 key members and their salaries (Shady Pines 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: $0
- Other: $0
- Compensation: $0
- Related: $89,097
- Other: $15,322
- Compensation: $0
- Related: $125,916
- Other: $3,770
Official website here: www.boleycenters.org
Where can I find the form 990 for Shady Pines Apartments Inc?
Shady Pines 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 Shady Pines Apartments Inc
Shady Pines Apartments Inc, a non-profit organization, is dedicated to providing housing for individuals who are clients of Boley Centers, Inc., another 501(c)(3) organization, and are living with chronic mental illness. The mission of Shady Pines Apartments Inc is to offer a safe and supportive living environment for these individuals, ensuring they have access to the necessary resources to manage their condition. The organization operates an 8-unit apartment complex, funded through a Section 811 Capital Advance of the National Affordable Housing Act and equipped with a Project Rental Assistance Contract. All tenants of the project are clients of Boley Centers, Inc., allowing for a seamless integration of housing and mental health services. Shady Pines Apartments Inc aims to provide a stable living situation for individuals living with chronic mental illness, enabling them to focus on their recovery and well-being.
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Impact
August, 2024
Shady Pines Apartments Inc's impact lies in providing essential housing to individuals with chronic mental illness who are clients of Boley Centers, Inc. This 8-unit apartment complex offers a stable and supportive living environment for those in need, under a Section 811 Capital Advance of the National Affordable Housing Act. By ensuring that all tenants are clients of Boley Centers, Inc., Shady Pines Apartments Inc plays a crucial role in addressing the housing needs of this vulnerable population in St. Petersburg, Florida. This initiative not only provides a safe place to live but also supports the overall well-being and stability of individuals struggling with chronic mental illness.
This information is meant to be a general summary of Shady Pines 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: $21
- Program Service Revenue: $15,887
- Gross Receipts: $49,709
Assets and Liabilities:
- Total Assets: $278,624
- Total Liabilities: $502,450
- Net Assets: -$223,826
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$15,887
Organization Details
Founding Year
1998
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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