Sunset Point Apartments Inc is located in St Petersburg, FL. The organization was established in 2012. According to its NTEE Classification (I20) the organization is classified as: Crime Prevention, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sunset Point Apartments 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, Sunset Point Apartments Inc generated $94.2k 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 (6.6%) each year. All expenses for the organization totaled $140.2k 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
TO PROVIDE HOUSING TO INDIVIDUALS WITH CHRONIC MENTAL ILLNESS WHO ARE CLIENTS OF BOLEY CENTERS, INC., A RELATED 501(C)(3) ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUNSET POINT APARTMENTS, INC. IS A 14 UNIT APARTMENT COMPLEX FOR INDIVIDUALS WITH CHRONIC MENTAL ILLNESS UNDER A SECTION 811 CAPITAL ADVANCE OF THE NATIONAL AFFORDABLE HOUSING ACT WITH A PROJECT RENTAL ASSISTANCE CONTRACT. TENANTS OF THE PROJECT ARE CLIENTS OF BOLEY CENTERS, INC., A RELATED 501 (C)(3) ORGANIZATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rutland Bussey Vice Preside | OfficerTrustee | 0.5 | $0 |
Paul Misiewicz President | OfficerTrustee | 0.5 | $0 |
Warren Bowman Secretary/tr | OfficerTrustee | 0.5 | $0 |
Jack Humburg Assistant Se | OfficerTrustee | 0.5 | $0 |
Kevin Marrone CEO | Officer | 1 | $0 |
Martin T Lott Director | Trustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $50,811 |
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 | $50,811 |
Total Program Service Revenue | $42,293 |
Investment income | $110 |
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 | $94,214 |
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 | $8,665 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $9,600 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $6,597 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $4 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $51,986 |
Travel | $0 |
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 | $0 |
Insurance | $12,806 |
All other expenses | $50,512 |
Total functional expenses | $140,170 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $46,204 |
Savings and temporary cash investments | $112,884 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,670 |
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 | $1,779,125 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $6,270 |
Total assets | $1,947,153 |
Accounts payable and accrued expenses | $101,939 |
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 | $2,143,351 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $3,491 |
Total liabilities | $2,248,781 |
Net assets without donor restrictions | -$301,628 |
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 | $1,947,153 |
Over the last fiscal year, we have identified 1 grants that Sunset Point Apartments Inc has recieved totaling $89,000.
Awarding Organization | Amount |
---|---|
Boley Centers Inc St Petersburg, FL PURPOSE: SUPPORTIVE HOUSING | $89,000 |
Organization Name | Assets | Revenue |
---|---|---|
Association Of State And Territorial Chronic Disease Decatur, GA | $3,853,542 | $31,002,701 |
F A I T H In Rabun County Inc Clayton, GA | $3,044,403 | $2,764,736 |
Connectfamilias Inc Miami, FL | $427,278 | $900,186 |
E 3 Family Solutions Inc Bushnell, FL | $100,046 | $723,932 |
First Coast Crimestoppers Inc Jacksonville, FL | $518,265 | $602,312 |
Citizens Crime Watch Of Miami-Dade County Inc Miami, FL | $413,717 | $547,348 |
Metro Mobile Court Referral Service Inc Mobile, AL | $12,025 | $557,536 |
The Grail Movement Of America Jackson, GA | $3,148,912 | $528,037 |
Central Florida Crime Line Program Inc Orlando, FL | $1,078,731 | $465,379 |
Ash Tree Organization Savannah, GA | $1,411,556 | $369,552 |
Crime Stoppers Of Metro Alabama Inc Vestavia Hills, AL | $597,417 | $453,924 |
Partnership For Policing Innovation And Reform Marathon, FL | $485,644 | $820,000 |