Poverello Center Inc
- Assets
- $5.0m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 55
- Location
- Wilton Manors, FL
- Founding
- 11/1988
- Data as of
- 02/2022
- EIN
- 65-0056218
Organization Overview
Poverello Center Inc is located in Wilton Manors, FL. The organization was established in 1988. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. As of 02/2022, Poverello Center Inc employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Poverello Center 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 02/2022, Poverello Center Inc generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $2.3m during the year ending 02/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 years. 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
THE POVERELLO CENTER, INC. PROVIDES NUTRITIOUS FOOD, SERVICES AND BASIC LIVING ESSENTIALS WITH THE HIGHEST DEGREE OF UNDERSTANDING, RESPECT AND LOVE FOR INDIVIDUALS LIVING WITH CRITICAL AND CHRONIC ILLNESSES INCLUDING HIV, IN SOUTH FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE POVERELLO CENTER, INC., IS A FLORIDA NON-PROFIT ORGANIZATION WHOSE PURPOSE IS TO SERVICE THE NUTRITIONAL NEEDS OF PERSONS WITH CRITICAL OR CHRONIC DISEASES, INCLUDING HIV AND/OR ACQUIREE IMMUNE DEFICIENCY SYNDROME, AND THEIR DEPENDENTS, AS WELL AS TO PROVIDE FINANCIAL ASSISTANCE FOR BASIC LIVING REQUIREMENTS IN EMERGENCY SITUATIONS. WE'RE PROUD TO BE ONE OF THE ONLY SPECIALTY FOOD PANTRY'S IN THE NATION TO OFFER MEDICALLY TAILORED GROCERIES FOR A HEALTHY MENU TO PEOPLE WITH CRITICAL/CHRONIC ILLNESSES. FOOD AND GROCERIES PROVIDED BY POVERELLO'S FOOD PANTRY AMOUNT TO NEARLY HALF A MILLION MEALS OVER THE COURSE OF THE YEAR FOR NEARLY 5,000 SOUTH FLORIDIANS. THE POVERELLO "EAT WELL" CENTER HAS PROVIDED LIFE-SAVING FOOD AND BASIC LIFE ESSENTIALS TO BROWARD COUNTY YOUTH, WOMEN AND MEN LIVING WITH HIV/AIDS, MOST OF WHOM ARE AT OR BELOW 250% OF THE FEDERAL POVERTY LEVEL. IN 2017 POVERELLO BEGAN SERVING PEOPLE IN OUR COMMUNITY WHO HAVE OTHER CRITICAL/CHRONIC ILLNESSES ON A LIMITED BASIS. THANKS TO FUNDING WEVE BEEN ABLE TO SERVE PEOPLE WITH CANCER, DIABETES AND KIDNEY DISEASE. AS MORE FUNDING IS IDENTIFIED, THESE OTHER POPULATIONS WILL INCREASINGLY BE A PART OF WHAT WE PROVIDE. AT THE LIVE WELL CENTER VOLUNTEER PROVIDERS OFFER CHIROPRACTIC, ACUPUNCTURE, HAIRCUTS/HAIR STYLING, MASSAGE, AND REIKI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jodi Reichman Chair | Officer | 2 | $0 |
Alisha D Hurwood ESQ Secretary | Officer | 2 | $0 |
Mitchell Bloom Vice Chair | Officer | 2 | $0 |
Julie Carson Treasurer | Officer | 2 | $0 |
Raul G Cantu Director | Trustee | 2 | $0 |
Dr Precious Skinner-Osei Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,151,563 |
| All other contributions, gifts, grants, and similar amounts not included above | $277,613 |
| Noncash contributions included in lines 1a–1f | $72,277 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,429,176 |
| Total Program Service Revenue | $126,304 |
| Investment income | $1,478 |
| 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 | $757,162 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,314,120 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $28,785 |
| 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 | $984,359 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $48,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,013 |
| Office expenses | $23,596 |
| Information technology | $26,780 |
| Royalties | $0 |
| Occupancy | $241,967 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $65,601 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $102,963 |
| Insurance | $53,202 |
| All other expenses | $16,382 |
| Total functional expenses | $2,295,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,845 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $268,174 |
| 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 | $50,362 |
| Prepaid expenses and deferred charges | $131,300 |
| Net Land, buildings, and equipment | $4,308,342 |
| Investments—publicly traded securities | $23,119 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,146 |
| Total assets | $4,969,288 |
| Accounts payable and accrued expenses | $184,825 |
| 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 | $1,905,958 |
| Unsecured mortgages and notes payable | $147,603 |
| Other liabilities | $0 |
| Total liabilities | $2,238,386 |
| Net assets without donor restrictions | $2,600,798 |
| Net assets with donor restrictions | $130,104 |
| 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 | $4,969,288 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Poverello Center Inc has recieved totaling $26,608.
| Awarding Organization | Amount |
|---|---|
Caring Friends Foundation Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $24,239 |
The Campbell Foundation Ft Lauderdale, FL PURPOSE: OPERATIONAL SUPPORT AND RESEARCH | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $319 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Heights Charter School Inc Atlanta, GA | $3,131,172 | $9,104,979 |
Vapor Ministries Inc Sylacauga, AL | $7,649,507 | $9,129,570 |
Poverello Center Inc Wilton Manors, FL | $4,969,288 | $2,314,120 |
The Clothes Less Traveled Thrift Shop Inc Peachtree City, GA | $1,330,927 | $1,604,886 |
Hand Up Inc Calhoun, GA | $1,679,036 | $1,708,856 |
Asbury Thrift Store Inc Madison, AL | $2,796,336 | $1,602,848 |
North Brevard Charities Sharing Center Inc Titusville, FL | $3,289,174 | $967,626 |
Because He Lives Ministry Inc Hazlehurst, GA | $190,247 | $766,611 |
Society Of St Vincent De Paul Council Of Pensacola-Tallahassee Penacola, FL | $605,196 | $751,620 |
One Roof Ecumenical Allianceoutreach Incorporation Newnan, GA | $675,367 | $918,946 |
Faith Hope & Charity Recycle Store Inc Ellijay, GA | $1,617,842 | $865,630 |
Lake County Missions Thrift Store Inc Eustis, FL | $230,216 | $541,599 |