Patriot Services Group Inc
- Assets
- $251.6m
- Revenue
- $19.7m
- Investments
- $0.0
- Employees
- 3
- Location
- Jacksonville, FL
- Founding
- 05/2010
- Data as of
- 12/2021
- EIN
- 26-4520112
Organization Overview
Patriot Services Group Inc is located in Jacksonville, FL. The organization was established in 2010. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Patriot Services Group Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Patriot Services Group 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, Patriot Services Group Inc generated $19.7m in total revenue. All expenses for the organization totaled $26.1m during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SAFE, CLEAN, AFFORDABLE HOUSING TO LOW- TO VERY-LOW-INCOME INDIVIDUALS AND FAMILIES ALONG WITH SPECIAL PROGRAMS AND SERVICES TO ASSIST HOMELESS VETERANS ACROSS THE NATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PATRIOT HOUSING INITIATIVE CONTINUED TO PROVIDE AFFORDABLE HOUSING WITH A FOCUS ON HELPING HOMELESS VETERANS AND THEIR FAMILIES. PSG'S MULTI-FAMILY PORTFOLIO CONSISTED OF "THE COVE AT NOLA" WHICH HAS 300 UNITS AND IS LOCATED IN NEW ORLEANS, LA; "THE RUBIX" WHICH HAS 236 UNITS AND IS LOCATED IN LAS VEGAS, NV; "TIMBER OAKS" WHICH HAS 235 UNITS AND IS LOCATED IN INGLESIDE, IL; "PRARIE VIEW" WHICH HAS 334 UNITS AND IS LOCATED IN WOODSTOCK, IL; THE "WEST VIRGINIA PORTFOLIO" WHICH HAS A TOTAL OF 991 UNITS SCATTERED THROUGHOUT HUNTINGTON AND CHARLESTON, WV; THE "MISSISSIPPI 1.0 PORTFOLIO" WHICH HAS 668 UNITS SCATTERED THROUGHOUT PASCAGOULA, MS; THE "SE-LOUISIANA PORTFOLIO" WHICH HAS 475 UNITS SCATTERED THROUGHOUT NEW IBERIA, LAFAYETTE, NEW ORLEANS, AND BATON ROUGE, LA; THE "MISSISSIPPI 2.0 PORTFOLIO" WHICH HAS 196 UNITS SCATTERED THROUGHOUT PASCAGOULA, MS; AND, THE "FL-AL" PORTFOLIO WHICH HAS 453 UNITS SCATTERED THROUGHOUT MOBILE, AL AND JACKSONVILLE, FL. PATRIOT TRANSPORTATION INITIATIVE CONTINUED TO PROVIDE FREE, INDEPENDENT TRANSPORTATION TO VA/SSVF HOMELESS PROGRAM STAFF AND THEIR VETERAN CLIENTS, REGARDLESS OF TENANCY WITH PATRIOT SERVICES GROUP. PSG'S TRANSPORTATION NETWORK WAS ACTIVE IN JACKSONVILLE, FL., CHARLESTON/ HUNTINGTON, WV., LAS VEGAS, NV., AND INGLESIDE/WOODSTOCK/CHICAGO, IL COMMUNITIES. PATRIOT SUPPORTIVE SERVICES INITIATIVE CONTINUED TO PROVIDE FREE RESOURCES TO LOW-INCOME INDIVIDUALS AND FAMILIES AS WELL AS HOMELESS VETERANS AND THEIR FAMILIES. SERVICES PROVIDED INCLUDE FOOD BANK SUPPORT, DEPOSIT/RENT/UTILITY RELIEF, VETERAN-FOCUSED EVENTS, HURRICANE RELIEF AND EMERGENCY SUPPORT, AND OTHER LIFE-SUSTAINING & PROMOTING SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Lau ESQ Board Chair | OfficerTrustee | 2 | $0 |
Christopher A Walker ESQ Secretary | OfficerTrustee | 2 | $0 |
Paul Anderson Treasurer | OfficerTrustee | 2 | $0 |
Shane Cormier CPA Vice Chair/cfo | OfficerTrustee | 2 | $0 |
Christopher Dennis Director | Trustee | 2 | $0 |
Matt Merritt CPA 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 | $31,387 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,387 |
| Total Program Service Revenue | $17,778,860 |
| Investment income | $0 |
| 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 | $19,669,140 |
| 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 | $2,125,869 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $720,677 |
| Fees for services: Legal | $84,134 |
| Fees for services: Accounting | $88,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,135,446 |
| Advertising and promotion | $0 |
| Office expenses | $467,292 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,733,906 |
| Travel | $49,043 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,649,796 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,182,303 |
| Insurance | $1,078,910 |
| All other expenses | $0 |
| Total functional expenses | $26,051,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,500,183 |
| Savings and temporary cash investments | $31,666,622 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,153,562 |
| 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 | $789,860 |
| Net Land, buildings, and equipment | $208,747,307 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,702,969 |
| Total assets | $251,560,503 |
| Accounts payable and accrued expenses | $4,978,257 |
| Grants payable | $0 |
| Deferred revenue | $587,664 |
| Tax-exempt bond liabilities | $243,901,385 |
| Escrow or custodial account liability | $0 |
| 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 | $13,951,797 |
| Total liabilities | $263,419,103 |
| Net assets without donor restrictions | $0 |
| 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 | -$11,858,600 |
| Total liabilities and net assets/fund balances | $251,560,503 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Patriot Services Group Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Southwest Florida Community Foundation Inc Fort Myers, FL PURPOSE: SPECIFIC PROGRAM | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Patriot Services Group Inc Jacksonville, FL | $251,560,503 | $19,669,140 |
Team Red White & Blue Inc Atlanta, GA | $10,402,897 | $10,336,911 |
The American Legion Orlando, FL | $4,425,997 | $3,913,463 |
Veterans Empowerment Organization Of Georgia Inc Atlanta, GA | $5,110,799 | $3,778,915 |
Herobox Inc Peachtree City, GA | $304,478 | $2,248,382 |
Florida Is For Veterans Inc Tallahassee, FL | $751,359 | $2,131,929 |
Coming Home Foundation Jupiter, FL | $108,984 | $1,903,875 |
Still Serving Vets Huntsville, AL | $1,067,299 | $1,618,512 |
American Legion Saint Petersburg, FL | $4,958,464 | $1,845,913 |
Sovereign Military Hospitaller Knights Of The Imperial Orders Inc Tampa, FL | $23 | $1,166,390 |
Warrior Alliance Inc Atlanta, GA | $548,665 | $766,609 |
Veterans Of Foreign Wars Of The United States Dept Of Florida Ocala, FL | $9,010,072 | $1,574,934 |