Peace River Center Properties Ii Inc

Organization Overview

Peace River Center Properties Ii Inc is located in Bartow, FL. The organization was established in 2016. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peace River Center Properties Ii Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.

For the year ending 06/2022, Peace River Center Properties Ii Inc generated $152.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.9%) each year. All expenses for the organization totaled $337.0k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO CONSTRUCT, OWN AND OPERATE OR CONTRACT TO OPERATE A CRISIS CAMPUS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION FACILITATED PEACE RIVER CENTER'S EFFORT IN OBTAINING NEW MARKETS TAX CREDIT FUNDING FOR THE CONSTRUCTION OF A CRISIS CAMPUS IN LAKELAND, FLORIDA. THE NMTC PROGRAM PERMITS TAXPAYERS TO CLAIM A CREDIT AGAINST FEDERAL INCOME TAXES FOR QUALIFIED EQUITY INVESTMENTS (QEI) IN DESIGNATED COMMUNITY DEVELOPMENT ENTITIES (CDES). THESE DESIGNATED CDES MUST USE SUBSTANTIALLY ALL (85%) OF THE PROCEEDS TO MAKE QUALIFIED LOW-INCOME COMMUNITY INVESTMENTS (QLICI). THE TAXPAYING INVESTOR IS PROVIDED WITH A TAX CREDIT WHICH IS CLAIMED OVER A SEVEN-YEAR PERIOD.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Micallef Jr
Chair
$0
Larry G Williams Jr
President/secretary
$0
David Tournade
Vice President/treasurer
$0
Bruno Dezayas
Director
$0
Mary Kay Langford
Director
$0
Robert Bodolay
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
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$0
Total Program Service Revenue$152,124
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 $152,124

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Peace River Center Properties Ii Inc has recieved totaling $558,276.

Awarding OrganizationAmount
Peace River Center For Personal Development Inc

Bartow, FL

PURPOSE: PROGRAM SUPPORT

$558,276
View Grant Recipient Profile

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