Overview
What is Laurel Trace Inc?
Laurel Trace Inc is a nonprofit organization located in St. Petersburg, Florida, specifically at 445 31st Street North, ZIP code 33713. Its primary mission is to provide housing solutions for individuals battling chronic mental illness. These individuals are affiliated with Boley Centers, Inc., a related 501(c)(3) organization. The housing complex, Laurel Trace, is funded through a Section 811 Capital Advance of the National Affordable Housing Act, ensuring affordable rent for the tenants. The organization's activities are centered around offering a safe and supportive living environment for these individuals, thereby contributing to their overall well-being.
Official website here: www.boleycenters.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Laurel Trace Inc has received a Three-Star rating from Charity Navigator, reflecting an overall score of 82%. This score is based entirely on the organization's Accountability & Finance metrics, indicating a strong emphasis on the proper management of its resources. The fiscal year analyzed is FY2023, showcasing the charity's commitment to maintaining transparency and accountability in its operations.
The organization exhibits notable strengths, particularly in its governance practices. It boasts 100% independent board members, ensuring that decision-making is free from conflicts of interest. Additionally, there have been no material diversions of assets, which further demonstrates fiscal responsibility. Laurel Trace also maintains comprehensive policies, including a whistleblower policy and a conflict of interest policy, enhancing its commitment to ethical practices.
While the organization has shown robust program expense management with a program expense ratio of 79.25%, there is room for improvement in promoting its visibility and outreach. Overall, Laurel Trace Inc demonstrates a solid foundation of accountability and financial integrity, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Laurel Trace Inc legitimate?
Laurel Trace Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laurel Trace 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: $5,973
For more financial information, click here
Official website here: www.boleycenters.com
What is the mission statement of Laurel Trace Inc?
Laurel Trace Inc, as an organization, is dedicated to providing housing for individuals who are chronically ill with mental health issues. This population is specifically associated with Boley Centers Inc, a related 501(c)(3) organization. Their mission is centered around offering a living space to these individuals, aiming to support their well-being and recovery process. The housing complex, Laurel Trace, is a 9-unit apartment facility, funded through a Section 811 Capital Advance of the National Affordable Housing Act, with a Project Rental Assistance Contract. The tenants living in this project are all clients of Boley Centers Inc.
Official website here: www.boleycenters.com
Who is the CEO of Laurel Trace Inc?
Kevin Marrone is the CEO of Laurel Trace Inc The CEO's salary of Laurel Trace Inc is $0 and their total compensation is $151,367.
Official website here: www.boleycenters.com
What is the revenue of Laurel Trace Inc?
Laurel Trace Inc's revenue in 2023 was $53,606.
Official website here: www.boleycenters.com
Who are the executives of Laurel Trace Inc and what are their salaries?
Here are 10 key members and their salaries (Laurel Trace Inc's CEO's salary is $0 and their total compensation is $151,367):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $19,806
- 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: $151,367
- Other: $0
Official website here: www.boleycenters.com
Where can I find the form 990 for Laurel Trace Inc?
Laurel Trace Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.boleycenters.com
Learn more at the official website: www.boleycenters.com
Mission Statement of Laurel Trace Inc
Laurel Trace Inc, a nonprofit organization, is dedicated to providing housing solutions for individuals struggling with chronic mental illness. This mission is specifically aimed at clients of Boley Centers Inc, another related 501(c)(3) organization. The housing provided by Laurel Trace Inc is made possible through a Section 811 Capital Advance under the National Affordable Housing Act, and the residents of this nine-unit apartment complex are all clients of Boley Centers Inc. Laurel Trace Inc's mission is a crucial step towards providing a stable living environment for individuals dealing with chronic mental illness, allowing them to focus on their recovery and well-being.
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
August, 2024
Laurel Trace Inc's impact lies in providing stable housing to individuals with chronic mental illness who are clients of Boley Centers, Inc. This 9-unit apartment complex offers a safe and supportive environment for its tenants under the Section 811 Capital Advance of the National Affordable Housing Act. By offering housing to those in need, Laurel Trace Inc plays a crucial role in supporting the well-being and stability of individuals with chronic mental illness in St. Petersburg, FL.
This information is meant to be a general summary of Laurel Trace 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 2023.
- Investment Income: $33
- Program Service Revenue: $29,517
- Gross Receipts: $53,606
Assets and Liabilities:
- Total Assets: $1,086,964
- Total Liabilities: $1,378,724
- Net Assets: -$291,760
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
Revenue
$29,517
Organization Details
Founding Year
2010
Principal Officer
Kevin Marrone
Website
www.boleycenters.comNTEE Category
Code: L21 - Housing
If you are a representative of Laurel Trace 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.