Pinellas Affordable Living Inc
- Assets
- $23.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 1
- Location
- St Petersburg, FL
- Founding
- 06/1994
- Data as of
- 06/2021
- 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 06/2021, Pinellas Affordable Living Inc generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2021. 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
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 |
|---|---|---|---|
Paul Misiewicz Vice Chairma | OfficerTrustee | 0.5 | $0 |
Joseph Smith 2nd Vice Cha | OfficerTrustee | 0.5 | $0 |
Rutland Bussey Chairman | OfficerTrustee | 0.5 | $0 |
Kevin Marrone Executive Di | Officer | 1 | $0 |
John Hebert Director | Trustee | 0.5 | $0 |
Joseph Stringer 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 |
Bandes Construction Co Inc Construction | 6/29/20 | $3,315,744 |
Lema Construction & Developers Inc Construction | 6/29/20 | $998,395 |
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 | $354,580 |
| Government grants | $686,650 |
| 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 | $1,041,230 |
| Total Program Service Revenue | $619,262 |
| Investment income | $436 |
| 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 | $1,660,928 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $440,000 |
| 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 | $17,476 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,337 |
| Fees for services: Management | $93,480 |
| Fees for services: Legal | $19,706 |
| Fees for services: Accounting | $20,604 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,494 |
| Advertising and promotion | $0 |
| Office expenses | $3,535 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $737,720 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $45,165 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $431,448 |
| Insurance | $130,023 |
| All other expenses | $0 |
| Total functional expenses | $1,988,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $228,445 |
| Savings and temporary cash investments | $381,012 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $72,650 |
| 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 | $184 |
| Net Land, buildings, and equipment | $16,470,849 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,722,314 |
| Total assets | $23,875,454 |
| Accounts payable and accrued expenses | $531,050 |
| 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 | $19,529,771 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,366,858 |
| Total liabilities | $22,427,679 |
| Net assets without donor restrictions | $1,286,469 |
| Net assets with donor restrictions | $161,306 |
| 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 | $23,875,454 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pinellas Affordable Living Inc has recieved totaling $192,000.
| Awarding Organization | Amount |
|---|---|
Bessie Boley Foundation St Petersburg, FL | | $192,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carrfour Supportive Housing Inc Miami, FL | $81,747,585 | $17,403,027 |
Southeast Alabama Community Action Partnership Inc Enterprise, AL | $872,465 | $5,704,500 |
Covenant House Georgia Inc Atlanta, GA | $22,755,199 | $6,304,494 |
Florida Apartment Association Inc Orlando, FL | $2,248,938 | $5,209,574 |
Cornerstone Christian Center Of Homestead Florida Inc Cutler Bay, FL | $348,385 | $3,241,114 |
Melvin J & Claire Levine Jewish Residential & Fmly Srvc Of Palm Be West Palm Beach, FL | $1,927,835 | $2,953,195 |
One Roof Birmingham, AL | $634,868 | $2,365,347 |
Pinellas Affordable Living Inc St Petersburg, FL | $23,875,454 | $1,660,928 |
Southwest Florida Affordablehousing Choice Foundation Inc Fort Myers, FL | $17,591,096 | $4,902,368 |
L Arche Jacksonville Inc Jacksonville, FL | $2,089,376 | $1,488,359 |
A M E Housing Agency Of Florida Inc Jacksonville, FL | $4,745,642 | $1,865,895 |
New Pilgrim Homes Inc Birmingham, AL | $4,030,690 | $1,672,643 |