Castle Residential Services Inc
- Assets
- $51.7k
- Revenue
- $341.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 07/2018
- Data as of
- 12/2021
- EIN
- 81-1814969
Organization Overview
Castle Residential Services Inc is located in Palm Beach, FL. The organization was established in 2018. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Castle Residential Services 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, Castle Residential Services Inc generated $341.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $266.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS PRIMARILY ENGAGED IN THE OPERATION OF A GROUP HOME THAT PROVIDES CARE AND SUPPORT FOR INDIVIDUALS WITH SEVERE PHYSICAL AND/OR MENTAL DISABILITIES AND ARE UNABLE TO PROVIDE THE DAILY ACTIVITIES NECESSARY FOR THEIR OWN CARE AND WELLBEING. SOURCES OF FUNDING ARE CURRENTLY PROVIDED BY A SELECT FEW DONORS AND FROM MEDICARE/MEDICAID WAIVER ASSISTANCE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nekeshia S Morrison Director | 0 | $52,000 | |
Christine A Raymond Director | 0 | $0 | |
John J Raymond Jr Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $137,556 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $204,184 |
| Total Revenue | $341,740 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $52,000 |
| Other employee salaries and wages | $109,939 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,671 |
| Depreciation | $2,075 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $63,549 |
| Total operating and administrative expenses | $261,974 |
| Contributions, gifts, grants paid | $4,000 |
| Total expenses and disbursements | $265,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,656 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $518 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,834 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $11,600 |
| Other assets | $2,133 |
| Total assets | $51,741 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Castle Residential Services Inc has recieved totaling $145,633.
| Awarding Organization | Amount |
|---|---|
Rose Marie And Ted J Miller Family Foundation Inc West Palm Beach, FL PURPOSE: CHARITABLE | $145,633 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Rawlings Foundation Inc Palm Beach, FL | $157,491,316 | $53,710,829 |
Ichauway Inc Newton, GA | $38,010,143 | $29,470,336 |
Elevate Prize Foundation Inc Miami, FL | $25,599,159 | $21,836,715 |
Desai Sethi Foundation Inc miami, FL | $167,397,052 | $1,318,684 |
Mceachern Endowment Fund Inc Powder Springs, GA | $13,981,287 | $6,848,994 |
Malone Family Land Preservation Foundation Hobe Sound, FL | $131,481,954 | $946,463 |
Pebble Hill Foundation Inc Thomasville, GA | $45,568,261 | $2,596,354 |
Worthington Scholarship Foundation Naples, FL | $12,065,797 | $5,368,981 |
The Switzer Family Foundation Inc St Petersburg, FL | $0 | $574,920 |
Bangladesh American Society Of Muslim Aid For Humanity Inc Boca Raton, FL | $701,948 | $2,077,483 |
Elling O Eide Charitable Foundation Inc Sarasota, FL | $66,382,103 | $1,556,208 |
Paul Millsap Foundation Corp Atlanta, GA | $74,268 | $1,325,506 |