Form 990 for tax year 2023

Totals

Total revenue

$16,230,855

Total expenses

$16,376,761

Contributions and grants received

$13,817,246

Grants paid

$149,866

Program service revenue

$2,447,113

Investment income

$65,792

Other revenue

-$99,296

Total assets, end of year

$18,621,132

Total liabilities, end of year

$12,142,149

Net assets or fund balances, end of year

$6,478,983

Program services expenses (Part IX)

$15,788,309

Management and general expenses

$445,915

Fundraising expenses

$142,537

Program service expenses (Part III)

$15,788,309

Program services were 96.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2023

• Supportive Housing Programs provide a blend of social service support and housing assistance to special needs populations, including homeless families, families with mental health or substance use issues who are also trying to transition from welfare to work, as well as adults with chronic mental illness. CPSFL has developed two properties for special needs populations and works with area landlords to facilitate decent, affordable independent living. The Homeownership Promotion and Preservation Program provides a full spectrum of homeownership services, including homebuyer education classes, pre-and post-purchase counseling, and access to residential mortgage and down payment assistance. (Continued on Schedule O)The Prosperity Center program offers low-income residents a one-stop source of financial empowerment services, including a matched-savings program for homeownership, help in resolving credit issues, money management assistance, ACCESS benefits assistance, education and job assistance, plus free VITA (Volunteer Income Tax Assistance) income tax services. SOFI (Security our Future Initiative), a workforce development program, targets households at 50% and below poverty level. The program provides financial literacy workshops, individual financial coaching, income tax preparation, resum writing, interviewing skills, and all training relevant to becoming financially literate and self-sustaining. SPSFL is a chartered member of the prestigious National NeighborWorks America (NWA), formerly known as Neighborhood Reinvestment Corporation, and as such receives technical and financial support with an emphasis on promoting affordable housing and neighborhood revitalization. In 2024, CPSFL added a rental counseling component which allowed us to provide rental counseling services to existing clients in the pipeline. It can take years to reach mortgage capacity based on income and credit. Many of our clients have been working for several years to purchase a home. While they wait, we offer educational workshops on tenant legal rights, case management, and access to rental assistance to support them in reducing their house cost burden and establishing a savings plan. The second new initiative under the Homeownership Promotion and Preservation is the Heirs Property Awareness and education program. This is a new initiative that began in 2024 with the support of JP Morgan Chase. CPSFL currently has a MOU with the Legal Aid Society of Palm Beach County to deliver the educational workshop and help our client to navigate the process of Estate Planning and Probate. Community Land Trust (CLT), CPSFL developed nine (9) homes through a $1.3 million grant from Florida Housing Finance Corporation and Palm Beach County Department of Housing and Community Development for use in its Community Land Trust (CLT), In accordance with the operating structure of a CLT, the land underneath the homes is owned by CPSFL, while the homeowner purchases and owns the improvements. The homeowners only pay the purchase price and taxes for the improvements and lease the land from CPSFL for a nominal amount. This arrangement allows for favorable financing and lower real estate taxes for the homeowner. There are resale restrictions, and the unit must be sold to qualified buyers earning 80% and below of the Palm Beach County AMI, adjusted annually. We are hoping to transfer this entire program to the Land Trust of Palm Beach and Martin County that has more capacity to administer the program in 2025.The Lending Program provides brokerage services for FAHE and serves as a corresponding lender for Bank United, originating and closing loans under CPSFL. The goal is to close 12 to 15 loans. CPSFL also originates and closes deferred second mortgages. In 2024, lending and homeownership were more than challenging. Combining high interest rates with the lack of inventory, we did not close any loans for the fiscal year 2023-2024. Currently, we serve mainly Palm Beach County, and we are expecting to expand in Broward and Miami-Dade Counties in 2025, mainly for the CHAMP program.Previously, CPSFL served as the lending agency for the Neighborhood LIFT 1.0 program (LIFT1) in Tampa, Orlando, and Jacksonville, LIFT 3.0 (LIFT3) in Jacksonville, and LIFT 5.0 (LIFT5) in Orlando, in partnership with NeighborWorks America and Wells Fargo. The lending department also administers down-payment assistance through the Down Payment Assistance program, where CPSFL provides $5,000 5-year forgivable down-payment assistance to households earning up to 120% of the Palm Beach County Area Median Household Income (AMI).CPSFL administered the LIFT Program until 2019. LIFT1 provided $15,000 or $25,000 5-year forgivable down-payment assistance funds to qualified borrowers in those cities between July 2012 and July 2014. The LIFT1 program completed its administrative phase in July 2019. In November 2016 CPSFL entered into a similar agreement with NeighborWorks America and Wells Fargo to administer LIFT 3.0 (LIFT3) in Jacksonville. LIFT3 provided $2,500 to $7,500 3-year forgivable down-payment assistance funds to qualified borrowers in Jacksonville. The LIFT 3 program is currently in its 3-year administrative phase since January 2019. LIFT5 provides $15,000 or $17,500, 5-year forgivable down-payment assistance funds to qualified borrowers in Orlando, starting in January 2019 through October 2020. The LIFT5 program is now in its administrative phase. The LIFT Program generated nearly $3 million in revenue between 2016 and 2019. Real Estate Development and Asset Management (REDAM) CPSFL is collaborating with stakeholders to facilitate the development of new residential units, for sale or rental for households earning up to 120% of Palm Beach County Area Median Household Income. CPSFL is currently in the predevelopment stage of two projects. They include: the Celtics expansion, a 46-workforce/affordable rental housing project; the Davis Commons project and 20 for-sale townhouses in partnership with the Community Land Trust of Palm Beach County and the Treasure Cost; and the development of fifteen (15) additional, scattered sites in a joint venture with the Riviera Beach Community Development Corporation and HBR Developers, LLC. Construction on Davis Commons was delayed in 2023 and will resume in 2025. All 3 projects are still in predevelopment. Furthermore, CPSFL also has a land acquisition/construction and resale program that works toward upgrading the housing stock in disenfranchised communities. CPSFL plans to acquire and redevelop 10 housing units per year. Affordable Rental CPSFL is working to increase the inventory for affordable rental, targeting households at 120% and below of Palm Beach County area median household income which stands at $104,000 this year. In 2023, Lake Worth Beach donated a 6- unit rental apartment to CPSFL, all 2-bedroom units and rented to households at 80% to 100%. In 2024, we applied and received a low-interest, cash flow dependent SHIP loan to purchase a 10-unit rental apartment complex. The units are rented to households at 60% to 120% AMI.

  Expenses $2,767,702 · Grants $47,504 · Revenue $411,687

• Community Services - BRIDGES, CPSFL is the lead agency for five BRIDGES sites in Palm Beach County: in the communities of Belle Glade, Pahokee, Riviera Beach, and two sites in Lake Worth. The purpose of the BRIDGES (a community hub concept) is to coordinate with organizations and create partnerships within the community with a focus on increasing healthy births, decreasing child abuse and neglect, and increasing school readiness and third grade school success in specific geographical areas. Funded by the Children's Services Council of Palm Beach County (CSCPBC), BRIDGES are neighborhood hubs across Palm Beach County that help parents raise children to be healthy, safe, and strong. (Continued on Schedule O)BRIDGES offers parent-child activities, safety fairs, family-friendly events, parenting workshops, lending libraries, connections to local resources, community advocacy, and more. Information is provided on wellness for adults and children, and on help getting medical care for babies, pregnant women, and families with young children. CPSFL's Mentoring program offers a fun, safe, and structured opportunity for the one-on-one mentoring of children. The mentors and mentees meet weekly and participate in structured activities at school-based sites during the traditional after school hours. HPI's four mentoring programs use evidenced-based standards to guide safe and impactful mentoring relationships. Mentoring is a supervised onsite program that happens between 2:30pm to 6:30pm, Monday through Friday and Saturday 9am to 1pm at Highland, Pioneer Park and Pahokee elementary schools in addition to Lake Worth middle school. In addition to our current mentoring opportunities, "Mentees on the Move," HPI offers a STEM-focused (Science, Technology, Engineering, and Math) mentoring program made possible through the PBC STEM Learning Ecosystem hosted at the COX Science Center. Through collaboration with the COX Science Center and Aquarium and the support of generous local partners, this unique program is aimed to improve the STEM pipeline, inspire the next generation, and empower STEM professionals to positively influence our community. Preventing students from dropping out of the STEM talent pipeline is essential in meeting current and future U.S. job demands. There is still a high number of students that would like to pursue STEM careers, and this number is increasing. Youth received direct one-on-one mentoring with their adult mentors throughout the year. Youth together with their Mentors, explored and received opportunities to experience; art, games, exploration of careers, enriching field trips and sports workshops. Safe Kids is a community-based program that is dedicated to keeping all children birth to 19 years of age safe from preventable injuries. Preventable injuries are the #1 killer of all children in the U.S. As the lead organization for Safe Kids Palm Beach County, HPI offers education and resources for safety on the road, at home, and at play. Safe Kids conducted 300 community outreach educational sessions on injury mechanisms and hazards during the 2023-2024 fiscal year. Additionally, Safe Kids conducted car safety seat inspections, distributed child safety seats, bike helmets, home safety kits, and Pack n Plays to children in need throughout the county.Teen Outreach Program (TOP) is a youth development program that uses a teen club model. TOP achieves positive outcomes for youth by providing them with opportunities to learn new skills and practice them in an emotionally safe and supportive setting with caring, trained adult facilitators. The program's primary goals are to; Improve social and emotional learning, and life skills; Support development of a positive sense of self; Strengthen connections with others; Improve academic outcomes and decrease risky behavior. TOP has been implemented successfully with diverse communities and in both urban and rural environments. The program is designed to meet the needs of middle and high school teens in a variety of settings. During the 2023-2024 fiscal year, HPI enrolled students in the TOP program by hosting clubs at middle and high schools throughout the School District of Palm Beach County. During 2023-2024, TOP teens developed and completed group and individual community services projects throughout the community. Triple P and Teen Triple P provide interventions that focus on strengthening the child/caregiver day, healthy attachment, and positive parenting skills for parents of children ages birth to 17 years. Triple P helps parents raise happy and confident kids, manage misbehavior so everyone in the family enjoys life more, sets rules and routines that everyone respects and follows, encourages positive and appropriate behavior, and supports parents in building confidence in their parenting decisions.

  Expenses $7,073,074 · Grants $84,267 · Revenue $205,647

• Child and Family Mental Health Services (CFMHS) - Therapy Services provides comprehensive behavioral health services for children, adolescents, adults, and their families. Counseling services focus on decreasing the impact of emotional, social, and behavioral issues related to stress, trauma, adjustment issues, or any other mental health disorder. Therapists utilize both in-person and telehealth platforms to increase client access to services and to meet each client's individualized needs. The High-Fidelity Wraparound (HFW) program provides services for children, adolescents, adults, and their families who are experiencing significant emotional difficulties. (Continued on Schedule O)HFW is a nationally recognized, structured, team-based, evidenced-based approach focusing on the internal strengths of the client/family and promotes self-advocacy. The primary goal is to link, advocate, coordinate, and monitor services that will benefit the person's mental health.School Based Programs provide mental health services to students identified by school personnel for social, emotional, and behavioral issues in partnership with the Palm Beach County School District. The Intake Department is responsible for coordination and mental health assessment for the incoming client referrals. All referrals are screened, assessed, and clients are connected to appropriate services based on their complete mental health assessments, client's needs, and client choice. The Psychiatric Services program provides psychiatric services to adults and to children and adolescents between the ages of 5 and 19. The Psychiatric program consists of two contract psychiatrists, each providing psychiatric services (psychiatric evaluations and medication management).

  Expenses $4,806,151 · Grants $17,632 · Revenue $1,683,730

• Strategic Initiatives:Healthier Glades, and Healthier Lake Worth Beach are community-driven health initiatives aiming to increase health equity for individuals, to impact lasting and sustainable changes for organizations and systems related to health and well-being, to establish a learning framework to evaluate the overall impact, and to change the behavioral health outcomes for residents.Amplifying Impact is a social enterprise effort that amplifies resident voice through community engagement. Utilizing a variety of facilitative strategies, CPSFL connects system representatives to residents through guided interviews, focus groups, dialogues, action forums, conferences, and participatory processes to create positive community change that includes everyone. Working directly with local communities, Amplifying Impact efforts aim to equip residents to take action and make their voices heard on topics such as racial equity, poverty reduction, education reform, and building strong neighborhoods. In 2024, the Amplifying Impact supported the NeighborWorks Florida Collaborative Community Leadership Institute, in Orlando, Florida. The Institute gathered residents and practitioners across the state to learn about innovative practices in disaster relief, real estate development, financial sustainability, and resident engagement.AmeriCorps VISTA links high-caliber national volunteers with nonprofit programs and agencies aspiring to end poverty. Each program or agency understands that this can only be accomplished by increasing their internal capacity to sustain their efforts for years to come. AmeriCorps Members apply to 'serve' at a site for one year and to work on goals identified by the 'site'. These goals are updated annually, for a total of three years, to move their program or agency towards sustainability.The Digital Inclusion Program, an equity investment from Quantum Foundation and the Community Foundation of Palm Beach and Martin Counties, is a community-based strategy to bridge the gap in digital access. Digital Inclusion refers to the activities necessary to ensure that all individuals and communities, including the most disadvantaged, have access to and use of Information and Communication Technologies (ICTs). This includes five elements: 1) affordable, robust broadband internet service; 2) internet-enabled devices that meet the needs of the user; 3) access to digital literacy training; 4) quality technical support; and 5) applications and online content designed to enable and encourage self-sufficiency, participation and collaboration.

  Expenses $1,141,382 · Grants $463 · Revenue $46,753

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• Parent Child Center Inc

  501(C)(3) · Provide Family Counseling for Poverty, Trauma, Substance Abuse. · FL

• St Charles Place Manor Inc

  501(C)(3) · Manage a Federally-Subsidized Apartment Complex · FL

• Davis Common LLC

  501(C)(3) · Land trust · FL

Provenance

Return type

form_990

Tax year

2023

Filed

13 August 2025

IRS schema version

2023v6.0

Source object

202502279349301900

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