Patriot Services Group Inc
- Assets
- $358.5m
- Revenue
- $31.8m
- Investments
- $0.0
- Employees
- 3
- Location
- Jacksonville, FL
- Founding
- 05/2010
- Data as of
- 12/2022
- EIN
- 26-4520112
Organization Overview
Patriot Services Group Inc is located in Jacksonville, FL. The organization was established in 2010. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Patriot Services Group Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Patriot Services Group Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Patriot Services Group Inc generated $31.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.1% each year . All expenses for the organization totaled $49.6m during the year ending 12/2022. While expenses have increased by 31.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SAFE, CLEAN, AFFORDABLE HOUSING TO LOW- TO VERY-LOW-INCOME INDIVIDUALS AND FAMILIES ALONG WITH SPECIAL PROGRAMS AND SERVICES TO ASSIST HOMELESS VETERANS ACROSS THE NATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PATRIOT HOUSING INITIATIVE CONTINUED TO PROVIDE AFFORDABLE HOUSING WITH A FOCUS ON HELPING HOMELESS VETERANS AND THEIR FAMILIES. PSG'S MULTI-FAMILY PORTFOLIO CONSISTED OF "THE COVE AT NOLA" WHICH HAS 300 UNITS AND IS LOCATED IN NEW ORLEANS, LA; "THE RUBIX" WHICH HAS 236 UNITS AND IS LOCATED IN LAS VEGAS, NV; "TIMBER OAKS" WHICH HAS 235 UNITS AND IS LOCATED IN INGLESIDE, IL; "PRAIRIE VIEW" WHICH HAS 334 UNITS AND IS LOCATED IN WOODSTOCK, IL; THE "WEST VIRGINIA PORTFOLIO" WHICH HAS A TOTAL OF 991 UNITS SCATTERED THROUGHOUT HUNTINGTON AND CHARLESTON, WV; THE "MISSISSIPPI 1.0 PORTFOLIO" WHICH HAS 668 UNITS SCATTERED THROUGHOUT PASCAGOULA, MS; THE "SE-LOUISIANA PORTFOLIO" WHICH HAS 475 UNITS SCATTERED THROUGHOUT NEW IBERIA, LAFAYETTE, NEW ORLEANS, AND BATON ROUGE, LA; THE "MISSISSIPPI 2.0 PORTFOLIO" WHICH HAS 196 UNITS SCATTERED THROUGHOUT PASCAGOULA, MS; THE "FL-AL" PORTFOLIO WHICH HAS 453 UNITS SCATTERED THROUGHOUT MOBILE, AL AND JACKSONVILLE, FL; "VESTA DERBY OAKS" WHICH HAS 418 UNITS LOCATED IN LOUISVILLE, KY; "PATRIOTS PLACE APARTMENTS" WHICH HAS 184 UNITS LOCATED IN BERKELEY COUNTY, SOUTH CAROLINA; AND THE "PINE FOREST PORTFOLIO" WHICH HAS 343 UNITS LOCATED IN HOUSTON, TEXAS. PATRIOT TRANSPORTATION INITIATIVE CONTINUED TO PROVIDE FREE, INDEPENDENT TRANSPORTATION TO VA/SSVF HOMELESS PROGRAM STAFF AND THEIR VETERAN CLIENTS, REGARDLESS OF TENANCY WITH PATRIOT SERVICES GROUP. PSG'S TRANSPORTATION NETWORK WAS ACTIVE IN JACKSONVILLE, FL., CHARLESTON/ HUNTINGTON, WV., LAS VEGAS, NV., AND INGLESIDE/WOODSTOCK/CHICAGO, IL COMMUNITIES. PATRIOT SUPPORTIVE SERVICES INITIATIVE CONTINUED TO PROVIDE FREE RESOURCES TO LOW-INCOME INDIVIDUALS AND FAMILIES AS WELL AS HOMELESS VETERANS AND THEIR FAMILIES. SERVICES PROVIDED INCLUDE FOOD BANK SUPPORT, DEPOSIT/RENT/UTILITY RELIEF, VETERAN-FOCUSED EVENTS, HURRICANE RELIEF AND EMERGENCY SUPPORT, AND OTHER LIFE-SUSTAINING & PROMOTING SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Lau ESQ Board Chair | OfficerTrustee | 2 | $0 |
Shane Cormier CPA Vice Chair/cfo | OfficerTrustee | 2 | $0 |
Paul Anderson Treasurer | OfficerTrustee | 2 | $0 |
Christopher A Walker ESQ Secretary | OfficerTrustee | 2 | $0 |
Jim Dozier Director | Trustee | 2 | $0 |
Christopher Dennis Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $237,503 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $237,503 |
| Total Program Service Revenue | $28,131,431 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,834,785 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,405,344 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,058,868 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $575,198 |
| Advertising and promotion | $303,485 |
| Office expenses | $983,050 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,620,299 |
| Travel | $83,123 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,040,229 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,526,238 |
| Insurance | $1,959,137 |
| All other expenses | $0 |
| Total functional expenses | $49,598,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,960,458 |
| Savings and temporary cash investments | $34,379,156 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $539,291 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,426,405 |
| Net Land, buildings, and equipment | $310,908,133 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,280,499 |
| Total assets | $358,493,942 |
| Accounts payable and accrued expenses | $6,111,931 |
| Grants payable | $0 |
| Deferred revenue | $653,288 |
| Tax-exempt bond liabilities | $358,014,136 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,116,104 |
| Total liabilities | $388,895,459 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$30,401,517 |
| Total liabilities and net assets/fund balances | $358,493,942 |