Overview
What is Lake Winds Apartments Inc?
Lake Winds Apartments Inc is a 14-unit housing complex situated in St. Petersburg, Florida (FL 33713). Its primary mission is to offer housing solutions for individuals dealing with chronic mental illness. The residents of this apartment complex are all clients of Boley Centers, Inc., a related 501(c)(3) organization. The purpose of Lake Winds Apartments Inc is to provide a secure and supportive living environment that caters specifically to their unique needs, thereby enhancing their overall well-being.
Official website here: www.boleycenters.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Lake Winds Apartments Inc has achieved an 82% rating from Charity Navigator, indicating a solid level of accountability and financial integrity. This score is derived solely from the Accountability & Finance beacon, reflecting the organization’s commitment to responsible management of its resources. The charity has demonstrated a strong governance structure with an independent board, earning full marks in both the majority independent board members and independent board size categories.
The organization exhibits transparency and adherence to best practices, as evidenced by its positive scores in areas such as conflict of interest policies and document retention. Furthermore, the program expense ratio of 78.53% suggests a robust focus on its mission-driven activities, ensuring that the majority of its financial resources are directed towards programs rather than administrative expenses.
While the overall rating is commendable, the reliance on a single beacon score may limit the breadth of evaluation. However, the absence of any material diversions of assets reinforces the trustworthiness of Lake Winds Apartments Inc in managing its finances effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Winds Apartments Inc legitimate?
Lake Winds Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Winds 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: $7,608
For more financial information, click here
Official website here: www.boleycenters.org
What is the mission statement of Lake Winds Apartments Inc?
Lake Winds Apartments Inc, as a non-profit organization, is dedicated to providing housing for individuals struggling with chronic mental illness. This mission is in alignment with Boley Centers Inc, a related 501(c)(3) organization. The apartment complex, consisting of 14 units, is specifically designed for these individuals, who are all clients of Boley Centers Inc. The housing arrangement is facilitated through a Section 811 Capital Advance under the National Affordable Housing Act, along with a Project Rental Assistance Contract. The primary goal is to offer a supportive living environment for those battling chronic mental illness, thereby enhancing their overall well-being.
Official website here: www.boleycenters.org
Who is the CEO of Lake Winds Apartments Inc?
Kevin Marrone is the Vice Preside of Lake Winds Apartments Inc. The CEO's salary of Lake Winds Apartments Inc is $0 and their total compensation is $129,686.
Official website here: www.boleycenters.org
What is the revenue of Lake Winds Apartments Inc?
Lake Winds Apartments Inc's revenue in 2022 was $66,457.
Official website here: www.boleycenters.org
Who are the executives of Lake Winds Apartments Inc and what are their salaries?
Here are 9 key members and their salaries (Lake Winds 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 Lake Winds Apartments Inc?
Lake Winds 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 Lake Winds Apartments Inc
Lake Winds Apartments Inc is dedicated to providing housing for individuals who are clients of Boley Centers, Inc., a related 501(c)(3) organization, and are living with chronic mental illness. The mission of Lake Winds Apartments Inc is to offer a safe and supportive living environment for these individuals, ensuring they have access to the resources and care they need to manage their condition effectively.
The 14-unit apartment complex, operated by Lake Winds Apartments Inc, is funded through a Section 811 Capital Advance of the National Affordable Housing Act and features a Project Rental Assistance Contract. All tenants residing in the complex are clients of Boley Centers, Inc., demonstrating a strong partnership between the two organizations in providing holistic care for individuals living with chronic mental illness. By offering affordable housing and supportive services, Lake Winds Apartments Inc plays a crucial role in helping individuals with mental illness maintain their independence and improve their overall quality of life.
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Impact
August, 2024
Lake Winds Apartments Inc's impact is significant in providing stable and supportive housing for individuals with chronic mental illness who are clients of Boley Centers, Inc. This 14-unit apartment complex plays a crucial role in facilitating a safe and secure living environment for its residents. By offering housing under a Section 811 Capital Advance of the National Affordable Housing Act with a project rental assistance contract, Lake Winds Apartments Inc contributes to addressing the housing needs of this vulnerable population. The organization's commitment to supporting individuals with chronic mental illness aligns with its mission to provide essential housing services within the St. Petersburg community.
This information is meant to be a general summary of Lake Winds 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: $32
- Program Service Revenue: $25,218
- Gross Receipts: $66,457
Assets and Liabilities:
- Total Assets: $678,642
- Total Liabilities: $1,002,700
- Net Assets: -$324,058
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$25,218
Organization Details
Founding Year
2000
Phone
(727) 821-4819Principal Officer
Kevin Marrone
Main Address
445 31ST STREET NORTH, ST PETERSBURG, FL, 33713
Website
www.boleycenters.orgNTEE Category
Code: P80 - Human services
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