Adopt-A-Family Of The Palm Beaches Inc
- Assets
- $17.3m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 89
- Location
- Lake Worth, FL
- Founding
- 12/1985
- Data as of
- 06/2023
- EIN
- 59-2471253
Organization Overview
Adopt-A-Family Of The Palm Beaches Inc is located in Lake Worth, FL. The organization was established in 1985. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Adopt-A-Family Of The Palm Beaches Inc employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adopt-A-Family Of The Palm Beaches 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 06/2023, Adopt-A-Family Of The Palm Beaches Inc generated $9.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $10.7m during the year ending 06/2023. While expenses have increased by 8.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING & SERVICES TO FAMILIES & CHILDREN EXPERIENCING HOMELESSNESS IN PALM BEACH COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SENATOR PHILIP D. LEWIS HOMELESS RESOURCE CENTER (HRC)THE ORGANIZATION IS A PARTNER AGENCY OF PALM BEACH COUNTY'S HOMELESS RESOURCE CENTER (HRC), WHICH OPENED IN 2012. THE HRC SERVES AS PALM BEACH COUNTY'S "FRONT DOOR" FOR ACCESS TO HOMELESS SERVICES. THE ORGANIZATION OPERATES THE FAMILY DIVISION AND PROVIDES HOMELESS FAMILIES WITH ASSESSMENTS, CASE MANAGEMENT, ACCESS TO MAINSTREAM RESOURCES, VITAL SHELTER AND HOUSING SERVICES, AND PERMANENT HOUSING. THE HRC FAMILY DIVISION RECEIVES FUNDING FROM MULTIPLE SOURCES, INCLUDING PALM BEACH COUNTY, HUD, PRIVATE FOUNDATIONS, AND PARTNERING AGENCIES. OVER 4,500, CALLS WERE RECEIVED BY THE HRC FAMILY DIVISION RESULTING IN 2,015 INDIVIDUALS, OF WHOM, 734 WERE ADULTS AND 1,281 WERE CHILDREN, RECEIVING SERVICES DURING THE FISCAL YEAR. 86% OF FAMILIES WHO WERE HOUSED BY THE HRC MAINTAINED STABLE HOUSING AFTER ONE YEAR AS EVIDENCED BY NOT RE-ENTERING THE HOMELESS SYSTEM.
DAY 1 FAMILIES FUNDTHE DAY 1 FAMILIES FUND PROVIDES A NEW SIGNIFICANT INVESTMENT IN THE AGENCY'S EFFORTS TO END FAMILY HOMELESSNESS IN PALM BEACH COUNTY. THIS PROGRAM SIGNIFICANTLY INCREASES THE ORGANIZATION'S CAPACITY OF THREE CORE INTERVENTIONS - DIVERSION, EMERGENCY SHELTER, AND RAPID RE-HOUSING - THROUGH DIRECT CLIENT ASSISTANCE DOLLARS, EXPANDED STAFF, AND STRENGTHENED INFRASTRUCTURE. A TOTAL OF 440 FAMILIES WERE SERVED THROUGH THE DAY 1 DIVERSION PROGRAM'S UNIQUE CASE MANAGEMENT STYLE WHERE SOLUTIONS TO ENDING HOMELESSNESS QUICKLY AND WITHOUT NEED FOR SHELTER OR HOUSING SERVICES ARE EXPLORED. 40 FAMILIES WERE PROVIDED EMERGENCY SHELTER IN WHICH 72% EXITED TO A PERMANENT HOUSING SOLUTION. 13 FAMILIES WERE HOUSED THROUGH THE RAPID RE-HOUSING PROGRAM AND LONG-TERM STABILITY OUTCOMES WILL BE REPORTED NEXT FISCAL YEAR.
HOUSING STABILIZATION PROGRAMTHE HOUSING STABILIZATION PROGRAM PROVIDES HOMELESS PREVENTION SERVICES TO FAMILIES WHO ARE AT IMMINENT RISK OF EVICTION AND HOMELESSNESS. FAMILIES RECEIVE CASE MANAGEMENT, FINANCIAL ASSISTANCE, AND OTHER SUPPORTIVE SERVICES TO HELP THEM REMAIN IN THEIR HOME. THIS PROGRAM PREVENTED 178 PALM BEACH COUNTY FAMILIES FROM BECOMING HOMELESS AND ALLOWED THEM TO REMAIN STABLY HOUSED DURING THE FISCAL YEAR. IN ADDITION, 85% OF THE FAMILIES SERVED IN THE PRIOR FISCAL YEAR REMAINED STABLY HOUSED AFTER AGENCY ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Peterson Member | Trustee | 1 | $0 |
Mary Jo Heller Immediate Past Chair | Trustee | 1 | $0 |
Kirstin Turner Chairman | OfficerTrustee | 1 | $0 |
Heather B Ferguson Secretary | OfficerTrustee | 1 | $0 |
John Elder 1st Vice Chair | OfficerTrustee | 1 | $0 |
Lynda M Murphy ESQ Member-At-Large | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stuart Shelby Development Inc Contractor For Third Avenue Homes Projec | 6/29/20 | $2,847,922 |
Cemex Contractor | 6/29/20 | $102,453 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $524,714 |
| Membership dues | $0 |
| Fundraising events | $703,830 |
| Related organizations | $0 |
| Government grants | $4,737,311 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,591,782 |
| Noncash contributions included in lines 1a–1f | $76,922 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,557,637 |
| Total Program Service Revenue | $631,514 |
| Investment income | $112,953 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $45,139 |
| Net Income from Fundraising Events | $89,456 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,525,652 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,723,094 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $338,572 |
| Compensation of current officers, directors, key employees. | $23,865 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,660,877 |
| Pension plan accruals and contributions | $87,254 |
| Other employee benefits | $624,942 |
| Payroll taxes | $285,807 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,442 |
| Fees for services: Accounting | $28,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,500 |
| Fees for services: Other | $214,386 |
| Advertising and promotion | $15,311 |
| Office expenses | $213,501 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $97,917 |
| Travel | $36,739 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $536,048 |
| Insurance | $421,336 |
| All other expenses | $0 |
| Total functional expenses | $10,709,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $6,283,033 |
| Pledges and grants receivable | $623,527 |
| Accounts receivable, net | $0 |
| 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 | $25,151 |
| Net Land, buildings, and equipment | $7,105,663 |
| Investments—publicly traded securities | $2,040,063 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,235,284 |
| Total assets | $17,313,021 |
| Accounts payable and accrued expenses | $295,763 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $278,813 |
| 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 | $41,542 |
| Total liabilities | $616,118 |
| Net assets without donor restrictions | $15,170,397 |
| Net assets with donor restrictions | $1,526,506 |
| 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 | $17,313,021 |