The Spectra Organization Inc
- Assets
- $1.5m
- Revenue
- $815.4k
- Investments
- $0.0
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 09/1973
- Data as of
- 12/2021
- EIN
- 59-2245045
Organization Overview
The Spectra Organization Inc is located in West Palm Beach, FL. The organization was established in 1973. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spectra Organization 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 12/2021, Spectra Organization Inc generated $815.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $343.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST WITH PROJECTS DEEMED TO BE BENEFICIAL TO THE PALM BEACH COUNTY COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGING EXPENSES OF HOUSING PROJECTS OWNED AND OPERATED BY THE PALM BEACH COUNTY HOUSING AUTHORITY AND PRIVATELY OWNED LOW AND MODERATE-INCOME HOUSING COMPLEXES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Digna Mejia Vice Chair | OfficerTrustee | 0.1 | $0 |
Paul Dumars Board Chair | OfficerTrustee | 0.1 | $0 |
Phyllis Choy Commissioner | Trustee | 0.1 | $0 |
Charlie Fetscher Commissioner | Trustee | 0.1 | $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 | $512,484 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $203,571 |
| Net Gain/Loss on Asset Sales | $99,325 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $815,387 |
| 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 | $73,410 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $78,712 |
| Fees for services: Legal | $15,834 |
| Fees for services: Accounting | $12,523 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,407 |
| Advertising and promotion | $251 |
| Office expenses | $4,860 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,032 |
| Travel | $4,746 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,492 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,251 |
| Insurance | $40,529 |
| All other expenses | $0 |
| Total functional expenses | $343,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $755,654 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $113,910 |
| 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 | $14,884 |
| Net Land, buildings, and equipment | $348,217 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $294,936 |
| Total assets | $1,527,601 |
| Accounts payable and accrued expenses | $145,868 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $227,034 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $289 |
| Total liabilities | $373,191 |
| Net assets without donor restrictions | $1,154,410 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,527,601 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Intergovernmental Research Inc Tallahassee, FL | $7,668,279 | $34,374,531 |
Habitat For Humanity In Atlanta Inc Atlanta, GA | $81,551,003 | $20,263,546 |
Habitat For Humanity Of Lee & Hendry Counties Inc North Fort Myers, FL | $37,502,621 | $24,631,007 |
Habitat For Humanity Of Collier County Inc Naples, FL | $122,499,137 | $30,188,706 |
I M Sulzbacher Center For The Homeless Inc Jacksonville, FL | $19,053,781 | $20,126,235 |
Housing Partnership Inc Riviera Beach, FL | $13,058,186 | $17,518,413 |
Big Canoe Property Owners Association Inc And Subsidiary Big Canoe, GA | $48,180,026 | $19,159,834 |
Opa-Locka Community Development Corporation Inc Opa Locka, FL | $85,273,967 | $19,527,204 |
Orlando Neighborhood Improvement Corporation Inc Orlando, FL | $57,656,701 | $16,159,756 |
Habitat For Humanity International Inc Tampa, FL | $16,516,073 | $18,669,195 |
Jerusalem House Inc Atlanta, GA | $4,358,598 | $7,877,090 |
Habitat For Humanity International Inc Jacksonville, FL | $26,227,920 | $12,923,898 |