Pinellas Affordable Living Inc
- Assets
- $25.0m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 1
- Location
- St Petersburg, FL
- Founding
- 06/1994
- Data as of
- 06/2022
- EIN
- 59-3171557
Organization Overview
Pinellas Affordable Living Inc is located in St Petersburg, FL. The organization was established in 1994. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. Pinellas Affordable Living 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, Pinellas Affordable Living Inc generated $1.4m 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 (3.7%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. 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
A COMMUNITY HOUSING DEVELOPMENT ORGANIZATION WHICH PROVIDES HOUSING FOR INDIVIDUALS WITH CHRONIC MENTAL ILLNESS AND/OR LOW INCOME WITHIN THE GUIDELINES OF VARIOUS FUNDING PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES INTEGRATED AFFORDABLE HOUSING FOR PEOPLE WITH CHRONIC MENTAL ILLNESS AND/OR LOWINCOME SITUATIONS WITHIN THE GUIDELINES OF THE HUD HOME PROGRAM, OTHER FUNDING PROGRAMS AND IRS REGULATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rutland Bussey Chairman | OfficerTrustee | 0.5 | $0 |
Paul Misiewicz Vice Chairma | OfficerTrustee | 0.5 | $0 |
Joseph Smith 2nd Vice Cha | OfficerTrustee | 0.5 | $0 |
Leonard Coley Director | Trustee | 0.5 | $0 |
John Hebert Director | Trustee | 0.5 | $0 |
Mark Hughes Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bandes Construction Co Inc Construction | 6/29/20 | $3,315,744 |
Lema Construction & Developers Inc Construction | 6/29/20 | $998,395 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,229 |
| Government grants | $613,214 |
| 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 | $614,443 |
| Total Program Service Revenue | $770,112 |
| Investment income | $277 |
| 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 | $1,384,832 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,001 |
| 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 | $16,344 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,619 |
| Fees for services: Management | $104,453 |
| Fees for services: Legal | $28,749 |
| Fees for services: Accounting | $34,999 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,309 |
| Advertising and promotion | $0 |
| Office expenses | $21,847 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $951,012 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $33,608 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $569,640 |
| Insurance | $167,499 |
| All other expenses | $0 |
| Total functional expenses | $1,983,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,333 |
| Savings and temporary cash investments | $414,532 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $82,715 |
| 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 | $5,390 |
| Net Land, buildings, and equipment | $20,127,772 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,060,664 |
| Total assets | $25,013,406 |
| Accounts payable and accrued expenses | $61,307 |
| 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 | $21,627,603 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,499,166 |
| Total liabilities | $24,188,076 |
| Net assets without donor restrictions | $674,354 |
| Net assets with donor restrictions | $150,976 |
| 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 | $25,013,406 |