Ace Opportunities
- Assets
- $204.3k
- Revenue
- $826.5k
- Investments
- $0.0
- Employees
- 9
- Location
- Largo, FL
- Founding
- 01/2011
- Data as of
- 12/2021
- EIN
- 27-1007031
Organization Overview
Ace Opportunities is located in Largo, FL. The organization was established in 2011. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Ace Opportunities employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ace Opportunities 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, Ace Opportunities generated $826.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $869.6k during the year ending 12/2021. While expenses have increased by 14.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING AND GUIDANCE TO THOSE IN NEED
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACE OPPORTUNITIES WAS ESTABLISHED TO PROVIDE SAFE AFFORDABLE HOUSING AND CASE MANAGEMENT FOR INDIVIDUALS WHO HAVE BEEN CLASSIFIED AS HOMELESS OR HAVE A SUBSTANCE ABUSE HISTORY. THE ACE PROGRAM GUIDES AND MONITORS INDIVIDUALS FROM ADDICTION AND HOMELESSNESS TO BEING SUBSTANCE FREE AND TOWARD INDEPENDENT LIVING WITHIN THE COMMUNITY. ACE UTILIZES A 12-STEP RECOVERY PROGRAM TO ENHANCE PARTICIPANT'S RECOVERY COMMITMENT AND TO PROVIDE THE RECOVERY FOUNDATION THAT IS NEEDED TO LIVE INDEPENDENTLY. ACE OFFERS INTENSE CASE MANAGEMENT ON AN INDIVIDUALIZED BASIS TO GUIDE, MOTIVATE AND MONITOR THE INDIVIDUAL IN BOTH SHORT TERM AND LONG TERM GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Seidl President | OfficerTrustee | 40 | $70,375 |
Robert Cizek Director | Trustee | 0.1 | $0 |
Kristen Denick Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $787,477 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,989 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $826,466 |
| Total Program Service Revenue | $0 |
| 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 | $826,466 |
| 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. | $70,375 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,727 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,250 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,610 |
| Advertising and promotion | $160 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $136,126 |
| Travel | $6,225 |
| 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 | $5,840 |
| Insurance | $10,877 |
| All other expenses | $223 |
| Total functional expenses | $869,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,654 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $193,639 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $204,293 |
| Accounts payable and accrued expenses | $0 |
| 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 | $250,000 |
| Unsecured mortgages and notes payable | $13,300 |
| Other liabilities | $0 |
| Total liabilities | $263,300 |
| Net assets without donor restrictions | -$59,007 |
| 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 | $204,293 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ace Opportunities has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
United Way Of Pasco County Inc Land O Lakes, FL PURPOSE: Community Support | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Ministries Inc Tampa, FL | $31,495,866 | $42,337,821 |
Saint Josephs Mercy Care Services Inc Atlanta, GA | $21,400,756 | $24,533,860 |
Chapman Partnership Inc Miami, FL | $77,837,338 | $23,158,308 |
Homeless Services Network Of Central Florida Inc Orlando, FL | $8,865,174 | $20,984,362 |
Coalition For The Homeless Of Central Florida Inc Orlando, FL | $17,863,700 | $14,201,158 |
Quest Community Development Organization Inc Atlanta, GA | $31,980,740 | $6,266,594 |
Alachua County Coalition For The Homeless And Hungry Inc Gainesville, FL | $656,800 | $4,075,363 |
Homeless Leadership Alliance Of Pinellas Inc St Petersburg, FL | $1,685,047 | $4,246,750 |
Volusia-Flagler County Coalition For The Homeless Inc Daytona Beach, FL | $2,647,899 | $3,030,094 |
Homeless Coalition Of Palm Beach County Inc Delray Beach, FL | $891,353 | $2,533,240 |
Brevard Homeless Coalition Inc Rockledge, FL | $722,409 | $2,010,502 |
Mid Florida Homeless Coalition Inc Inverness, FL | $1,269,465 | $1,859,651 |