Peace River Center Properties Inc
- Assets
- $319.6k
- Revenue
- $235.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Bartow, FL
- Founding
- 09/1985
- Data as of
- 06/2022
- EIN
- 59-2527684
Organization Overview
Peace River Center Properties Inc is located in Bartow, FL. The organization was established in 1985. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention 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 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 06/2022, Peace River Center Properties Inc generated $235.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $207.6k during the year ending 06/2022. While expenses have increased by 0.7% per year over the past 7 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
PROVIDES LOW INCOME HOUSING AND A GROUP HOME FOR ADULTS WITH MENTAL ILLNESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PEACE RIVER CENTER PROPERTIES, INC. PROVIDES LOW INCOME HOUSING AT AN APARTMENT COMPLEX OF 11 UNITS AND A GROUP HOME OF 8 UNITS UNDER SECTION 8 OF THE NATIONAL HOUSING ACT. THIS PROJECT IS OPERATED SUBJECT TO A SECTION 8 HOUSING ASSISTANCE PAYMENTS (HAP) CONTRACT WITH HUD. A SIGNIFICANT PORTION OF THE PROPERTIES' RENTAL INCOME IS RECEIVED FROM HUD. SUCH PROJECTS ARE REGULATED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENT CHARGES, OPERATING METHODS AND OPERATING EXPENDITURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Tournade Secretary | OfficerTrustee | 2 | $0 |
Stanley Reed Vice Chair | OfficerTrustee | 2 | $0 |
Candace Barnes Director | Trustee | 2 | $0 |
Bennie Allred Director | Trustee | 2 | $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 | $235,556 |
| Investment income | $2 |
| 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 | $235,558 |
| 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 | $61,279 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,481 |
| Payroll taxes | $2,880 |
| Fees for services: Management | $14,210 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,165 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,443 |
| Advertising and promotion | $0 |
| Office expenses | $843 |
| Information technology | $1,371 |
| Royalties | $0 |
| Occupancy | $44,408 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24,622 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,248 |
| Insurance | $8,640 |
| All other expenses | $0 |
| Total functional expenses | $207,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,335 |
| Savings and temporary cash investments | $23,866 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,216 |
| 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 | $2,204 |
| Net Land, buildings, and equipment | $271,298 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,665 |
| Total assets | $319,584 |
| Accounts payable and accrued expenses | $12,923 |
| Grants payable | $0 |
| Deferred revenue | $1,160 |
| 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 | $257,956 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,023 |
| Total liabilities | $276,062 |
| Net assets without donor restrictions | $43,522 |
| 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 | $319,584 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Peace River Center Properties Inc has recieved totaling $55,294.
| Awarding Organization | Amount |
|---|---|
Peace River Center For Personal Development Inc Bartow, FL PURPOSE: FORGIVENESS OF PAYABLE BALANCE | $55,294 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George West Mental Health Foundation Inc Atlanta, GA | $80,821,604 | $27,350,526 |
Daniel Memorial Inc Jacksonville, FL | $5,014,710 | $21,313,549 |
Childrens Home Inc Tampa, FL | $10,711,916 | $18,886,139 |
Psycho-Social Rehabilitation Center Inc South Miami, FL | $6,075,199 | $9,375,814 |
Elks Aidmore Inc Conyers, GA | $5,741,804 | $7,665,185 |
Community Assisted And Supported Living Inc Sarasota, FL | $17,586,841 | $8,676,363 |
Eagle Ranch Inc Flowery Branch, GA | $10,349,544 | $13,429,536 |
Archways Inc Fort Lauderdale, FL | $5,329,148 | $5,624,351 |
St Augustine Youth Services Inc St Augustine, FL | $5,691,344 | $5,985,569 |
Bishop Grady Villas St Cloud, FL | $8,029,684 | $4,560,525 |
La Amistad Foundation Inc Fern Park, FL | $6,458,250 | $2,785,900 |
Edgewood Childrens Ranch Inc Orlando, FL | $5,331,134 | $2,155,888 |