Overview
What is 128 Place Inc?
128 Place Inc. is a nonprofit organization situated in St. Petersburg, Florida, specifically at 445 31st Street North, ZIP code 33713. Their primary mission is to offer housing solutions for individuals struggling with chronic mental illness. This service is primarily catered to clients of Boley Centers, Inc., a related 501(c)(3) organization. The housing provided is part of a Section 811 Capital Advance under the National Affordable Housing Act, and is supported by a Project Rental Assistance Contract. The nonprofit's purpose is to provide a safe and supportive living environment for these individuals, helping them navigate their daily lives 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)
128 Place Inc has achieved a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial transparency. The rating is based entirely on its Accountability & Finance Score, which stands at 82%. This score reflects the charity's strong governance and adherence to best practices in financial management.
The organization demonstrates notable strengths, including a fully independent board with nine members, zero material diversions of assets, and comprehensive policies regarding conflicts of interest and whistleblowers. Additionally, it maintains transparency by listing its website on tax forms and documenting board meeting minutes, enhancing its commitment to accountability.
While the charity's program expense ratio is commendable at 74.20%, it suggests that a significant portion of its funds is directed towards its mission. Overall, 128 Place Inc shows a responsible financial approach, but continuous monitoring and improvement could further bolster its effectiveness and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is 128 Place Inc legitimate?
128 Place Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 128 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: $11,292
For more financial information, click here
Official website here: www.boleycenters.org
What is the mission statement of 128 Place Inc?
128 Place Inc, as a non-profit organization, is dedicated to providing housing for individuals battling chronic mental illness. These individuals are clients of a related 501(C)(3) organization, Boley Centers, Inc. The apartment complex, run by 128 Place Inc, consists of 18 units and is funded through a Section 811 Capital Advance under the National Affordable Housing Act, with a Project Rental Assistance contract. The primary goal of 128 Place Inc is to offer a secure living environment for its tenants, ensuring they receive the necessary support during their recovery journey.
Official website here: www.boleycenters.org
Who is the CEO of 128 Place Inc?
Kevin Marrone is the CEO of 128 Place Inc The CEO's salary of 128 Place Inc is $0 and their total compensation is $215,936.
Official website here: www.boleycenters.org
What is the revenue of 128 Place Inc?
128 Place Inc's revenue in 2024 was $151,222.
Official website here: www.boleycenters.org
Who are the executives of 128 Place Inc and what are their salaries?
There 8 volunteers at 128 Place Inc.
Here are 12 key members and their salaries (128 Place Inc's CEO's salary is $0 and their total compensation is $215,936):
- Compensation: $0
- Related: $208,614
- Other: $7,322
- Compensation: $0
- Related: $181,766
- Other: $13,810
- Compensation: $0
- Related: $122,081
- Other: $0
- Compensation: $0
- Related: $82,284
- Other: $10,635
- 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: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.boleycenters.org
Where can I find the form 990 for 128 Place Inc?
128 Place Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.boleycenters.org
Learn more at the official website: www.boleycenters.org
Mission Statement of 128 Place Inc
128 Place Inc, as a non-profit organization, is devoted to providing housing solutions for individuals struggling with chronic mental illness. These individuals are clients of Boley Centers, Inc., a related 501(c)(3) organization. With this mission, 128 Place Inc operates an 18-unit apartment complex, funded by a Section 811 Capital Advance of the National Affordable Housing Act. The project comes with a Project Rental Assistance Contract, ensuring that the tenants, who are all clients of Boley Centers, Inc., can afford their rent. By offering housing, 128 Place Inc aims to provide a stable living environment for individuals battling chronic mental illness, thereby contributing to their overall well-being.
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Impact
August, 2024
128 Place Inc's impact is significant as it provides housing to individuals with chronic mental illness who are clients of Boley Centers, Inc., a related 501(c)(3) organization. This 18-unit apartment complex in St. Petersburg, FL, operates under a Section 811 Capital Advance of the National Affordable Housing Act with a project rental assistance contract. By offering stable housing to those in need, 128 Place Inc plays a crucial role in supporting the well-being and stability of individuals facing mental health challenges.
This information is meant to be a general summary of 128 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 2024.
- Investment Income: $74
- Program Service Revenue: $37,223
- Gross Receipts: $151,222
Assets and Liabilities:
- Total Assets: $920,988
- Total Liabilities: $1,275,698
- Net Assets: -$354,710
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME-APARTMENTS
Revenue
$37,223
Organization Details
Founding Year
2001
Principal Officer
Kevin Marrone
Website
www.boleycenters.orgNTEE Category
Code: L21 - Housing
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