Form 990 for tax year 2025

Filed by PROMISE INC.

Totals

Total revenue: $1,716,351
Total expenses: $1,320,109
Contributions and grants received: $1,021,216
Grants paid: $0
Program service revenue: $269,562
Investment income: $34,520
Other revenue: $391,053
Total assets, end of year: $6,586,285
Total liabilities, end of year: $396,350
Net assets or fund balances, end of year: $6,189,935
Program services expenses (Part IX): $964,528
Management and general expenses: $278,973
Fundraising expenses: $76,608
Program service expenses (Part III): $964,528

Program services were 73.1% 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.

Revenue

Part VIII, the statement of revenue.

1c · Fundraising events

$229,787
1f · All other contributions, gifts and grants

$791,429
1g · Noncash contributions included above

$26,985
2a · Program service revenue: RESIDENT COMMUNITY PRO

total $255,495 · related or exempt $255,495
2b · Program service revenue: CATERING INCOME

total $14,067 · related or exempt $14,067
3 · Investment income

total $34,520 · excluded $34,520
6a · Gross rents

real property $10,063
6b · Less rental expenses

real property $0
6c · Rental income or loss

real property $10,063
6d · Net rental income or loss

total $10,063 · related or exempt $10,063
8a · Fundraising events: gross income

$364,302
8a · Fundraising events: contributions included on line 1c

$229,787
8b · Fundraising events: direct expenses

$158,691
8c · Net income from fundraising events

total $205,611 · excluded $205,611
10a · Gross sales of inventory

$192,637
10b · Cost of goods sold

$128,678
10c · Net income from sales of inventory

total $63,959 · related or exempt $63,959
11a · Other revenue: PIB - RESIDENCE SERVIC

total $84,000 · related or exempt $84,000
11b · Other revenue: MAIL FULFILLMENT

total $20,678 · related or exempt $20,678
11c · Other revenue: MISCELLANEOUS INCOME

total $6,742 · related or exempt $6,742
11e · Other revenue, total

$111,420

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $155,417 · program services $51,288 · management and general $51,287 · fundraising $52,842
7 · Other salaries and wages

total $616,799 · program services $516,076 · management and general $95,860 · fundraising $4,863
8 · Pension plan contributions

total $7,904 · program services $2,529 · management and general $3,861 · fundraising $1,514
9 · Other employee benefits

total $25,753 · program services $18,643 · management and general $5,340 · fundraising $1,770
10 · Payroll taxes

total $57,359 · program services $36,082 · management and general $15,680 · fundraising $5,597
11c · Fees: accounting

total $26,371 · management and general $26,371
11g · Fees: other

total $17,943 · program services $7,947 · management and general $7,460 · fundraising $2,536
12 · Advertising and promotion

total $30,173 · program services $3,889 · management and general $24,945 · fundraising $1,339
13 · Office expenses

total $8,374 · program services $4,333 · management and general $4,041
14 · Information technology

total $45,666 · program services $45,666
16 · Occupancy

total $26,653 · program services $23,426 · fundraising $3,227
20 · Interest

total $9,826 · program services $9,826
22 · Depreciation, depletion and amortization

total $76,640 · program services $71,642 · management and general $4,998
23 · Insurance

total $44,536 · program services $44,536
24a · Other expenses: SUPPLIES

total $40,058 · program services $30,919 · management and general $7,715 · fundraising $1,424
24b · Other expenses: REPAIRS AND MAINTENANCE

total $40,019 · program services $40,019
24c · Other expenses: PROGRAM EXPENSES

total $35,400 · program services $31,639 · management and general $3,761
24d · Other expenses: PROVISION FOR CREDIT LO

total $24,871 · management and general $24,871
24e · All other expenses

total $30,347 · program services $26,068 · management and general $2,783 · fundraising $1,496

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $147,655 · end of year $928,496
2 · Savings and temporary cash investments

beginning of year $1,034,330 · end of year $1,423,150
3 · Pledges and grants receivable

beginning of year $51,180 · end of year $192,808
4 · Accounts receivable

beginning of year $88,545 · end of year $68,938
8 · Inventories for sale or use

beginning of year $4,329 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $41,039 · end of year $58,244
10a · Land, buildings and equipment: cost or other basis

$2,028,721
10b · Land, buildings and equipment: accumulated depreciation

$586,158
10c · Land, buildings and equipment, net

beginning of year $1,481,612 · end of year $1,442,563
12 · Investments: other securities

beginning of year $437,637 · end of year $1,466,891
15 · Other assets

beginning of year $2,332,972 · end of year $1,005,195
17 · Accounts payable and accrued expenses

beginning of year $59,685 · end of year $52,733
25 · Other liabilities

beginning of year $4,184 · end of year $343,617
27 · Net assets without donor restrictions

beginning of year $5,085,405 · end of year $6,003,989
28 · Net assets with donor restrictions

beginning of year $470,025 · end of year $185,946

Mission and programs · 2025

Mission

PROMISE, INC. IS A 501(C)3 NONPROFIT ORGANIZATION ESTABLISHED IN 2009 THAT WAS DESIGNED TO PROVIDE AFFORDABLE, INDEPENDENT HOUSING FOR INDIVIDUALS WITH COGNITIVE AND PHYSICAL DISABILITIES UTILIZING PUBLIC AND PRIVATE PARTNERSHIPS TO DEVELOP A MODEL COMMUNITY.

Activities or mission (Part I)

PROMISE INC. EXISTS TO FOSTER AND CREATE AFFORDABLE HOUSING AND SUPPORT SERVICES FOR INDIVIDUALS WITH DISABILITIES AND OTHER SPECIAL NEEDS, CREATING AN INCLUSIVE, REPLICABLE MODEL. THE HOUSING DEVELOPMENT IS LOCATED IN BREVARD COUNTY, FLORIDA, SERVING ADULTS WITH DISABILITIES, PROVIDING THEM WITH A COLLEGE-LIKE EXPERIENCE; INCLUDING VOCATIONAL OPPORTUNITIES WITH ON-SITE TRAINING AND CONTINUING EDUCATION. THE ORGANIZATION ALSO OPERATES A THRIFT STORE AND CAFETERIA AND PROVIDES VOCATIONAL OPPORTUNITIES TO POTENTIAL RESIDENTS OF THE HOUSING DEVELOPMENT.

PROMISE'S RESIDENT COMMUNITY PROGRAM - INCORPORATES A VARIETY OF PROGRAMS AND SERVICES THAT SEEK TO PROVIDE A FULFILLING LIFE FOR EACH OF ITS RESIDENTS. THE RESIDENT COMMUNITY PROGRAM (RCP) INCLUDES VOCATIONAL TRAINING AND EMPLOYMENT OPPORTUNITIES; TRANSPORTATION SERVICES; INDEPENDENT LIVING COURSES; HEALTH, FITNESS AND NUTRITION CLASSES. THE RESIDENTS PARTICIPATING IN THE RCP HAVE MORE THAN 60 ACTIVITIES PER WEEK TO CHOOSE FROM.PROMISE TREASURES THRIFT SHOPPE - OPENED IN OCTOBER 2013, IS THE PROMISE TREASURES THRIFT SHOPPE, LOCATED IN WEST MELBOURNE, FLORIDA. THE ORGANIZATION CURRENTLY HAS EIGHT RESIDENTS ON THE PAYROLL AT TREASURES AND PROVIDE VOCATIONAL TRAINING FOR ANOTHER 30 YOUNG ADULTS WITH SPECIAL NEEDS AND OPERATE WITH THE HELP OF MORE THAN 40 COMMUNITY VOLUNTEERS. TREASURES OFFERS A VARIETY OF BOUTIQUE AND FURNITURE ITEMS, HOME DECOR, ELECTRONICS, HOLIDAY ITEMS, HANDMADE SOY CANDLES, ALL-NATURAL DOGGIE TREATS AND MORE TO CUSTOMERS. IN MID-DECEMBER 2023, THE ORGANIZATION RENAMED THE THRIFT SHOPPE TO TREASURES BOUTIQUE AND RELOCATED OPERATIONS TO THE CAFE AND BAKERY INSIDE AVES' PLACE.PROMISE CAFE & BAKERY THE ORGANIZATION BROKE GROUND ON THE SECOND SOCIAL ENTERPRISE, THE PROMISE CAFE & BAKERY, IN SEPTEMBER 2016 AND COMPLETED CONSTRUCTION IN EARLY 2020. LOCATED IN WEST MELBOURNE COMMUNITY PARK AND DIRECTLY SOUTH OF THE SPACE COAST FIELD OF DREAMS, THE PROMISE CAFE & BAKERY, ALSO KNOWN AS AVES' PLACE, IS A 7,000-SQUARE-FOOT FACILITY THAT CAN HOST EVENTS WITH UP TO 150 GUESTS, AS WELL AS A 40-SEAT PRIVATE DINING ROOM/MEETING ROOM FOR SMALLER EVENTS. THE CAFE FEATURES INDOOR SEATING, A CHILDREN'S AREA AND GALLERY FEATURING ARTWORK MADE BY PROMISE RESIDENTS AVAILABLE FOR PURCHASE, AS WELL AN OUTDOOR WALK-UP WINDOW AND OPEN-AIR HANDICAPPED-ACCESSIBLE PICNIC TABLES. THE ORGANIZATION OFFERS MULTIPLE SPACES FOR RENT AT THE PROMISE CAFE & BAKERY, INCLUDING A MAIN DINING ROOM THAT CAN SEAT 150 GUESTS AS WELL AS A PRIVATE DINING ROOM, WHICH CAN SEAT UP TO 40.PROMISE CREATIVE ARTS CENTER THE PROMISE CREATIVE ARTS CENTER WAS DESIGNED TO FOSTER A SENSE OF CREATIVITY FOR THE RESIDENTS WITH SPECIAL NEEDS, AS WELL AS FOR THE ENTIRE COMMUNITY. ONE OF PROMISE'S PLANNED SOCIAL ENTERPRISES, THE ARTS CENTER FEATURES A LARGE STUDIO AND OUTDOOR PATIO AND THE WORK OF THE RESIDENTS IS ON DISPLAY AT THE PROMISE CAFE & BAKERY AND IS AVAILABLE FOR PURCHASE, WHICH DIRECTLY SUPPORTS THE ORGANIZATION'S ART PROGRAM. THE SPACE CAN BE RENTED OUT FOR EVENTS AND PRIVATE CLASSES AND THE ORGANIZATION WELCOMES ARTISTS FROM THROUGHOUT THE AREA WHO WOULD LIKE TO HOST THEIR OWN ART CLASSES AND WORKSHOPS.PROMISE SWEET SUE'S SALON LOCATED AT THE PROMISE MAIN CAMPUS, SWEET SUE'S SALON PROVIDES A ONE-ON-ONE EXPERIENCE FOR CLIENTS OUT IN THE COMMUNITY AS WELL AS FOR OUR PROMISE RESIDENTS. A FULLSERVICE SALON, SWEET SUE'S IS DISABILITY-FRIENDLY AND CATERS TO THOSE WITH SPECIAL NEEDS.

Expenses $964,528 · Revenue $455,004

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

DR LORI D BRADSTREET

CHAIR

Total calculated

$0

Hours/week

2
WAYNE COOPER

TREASURER

Total calculated

$0

Hours/week

2
FRANK J VEGA

DIRECTOR

Total calculated

$0

Hours/week

2
MELISSA DUGAS

DIRECTOR

Total calculated

$0

Hours/week

2
MARGARET LOHAN-AVALOS

DIRECTOR

Total calculated

$0

Hours/week

2
LYNN WILSON

SECRETARY

Total calculated

$0

Hours/week

2
CINDY DROPESKY

VICE CHAIR

Total calculated

$0

Hours/week

2
MASON WILLIAMS

DIRECTOR

Total calculated

$0

Hours/week

2
HAROLD EDWARD RUSTY MELLE

DIRECTOR

Total calculated

$0

Hours/week

2
DAVID LAZEAR

DIRECTOR

Total calculated

$0

Hours/week

2
SCOTT BUESCHER

DIRECTOR

Total calculated

$0

Hours/week

2
JEFF KIEL

CEO

Total calculated

$161,710

From this org

$155,820

From related orgs

$0

Other

$5,890

Hours/week

40

Schedule J breakdown matched by us

Base

$137,000

Bonus

$18,820

Other

$0

Deferred

$4,710

Nontaxable benefits

$1,180

Filer's total

$161,710

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

Answered yes

3 · Approval by the board or compensation committee

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

PROMISE IN BREVARD DEVELOPMENT LLC

HOUSING DEVELOPER · FL · income $0 · assets $0
PROMISE IN BREVARD MEMBER LLC

REAL ESTATE HOLDING COMPANY · FL · income $0 · assets $0

Provenance

Return type: form_990
Tax year: 2025
IRS schema version: 2025v4.2
Source object: 202632439349300643

The source document this was parsed from is served over the API, which is where bulk and document access live.