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Nonprofiteer
← PINELLAS COUNTY HOUSING INC

Form 990 for tax year 2023

Filed by PINELLAS COUNTY HOUSING INC.

Totals

Total revenue
$796,041
Total expenses
$538,637
Contributions and grants received
$192,897
Grants paid
$0
Program service revenue
$117,445
Investment income
$115
Other revenue
$485,584
Total assets, end of year
$1,655,919
Total liabilities, end of year
$2,055,124
Net assets or fund balances, end of year
-$399,205
Program services expenses (Part IX)
$477,625
Management and general expenses
$61,012
Fundraising expenses
$0
Program service expenses (Part III)
$477,625

Program services were 88.7% 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.

  • 1e · Government grants (contributions)

    $192,897

  • 2a · Program service revenue: RENT INCOME - APARTMEN

    total $117,445 · related or exempt $117,445

  • 3 · Investment income

    total $115 · excluded $115

  • 11a · Other revenue: HURRICANE INSURANCE CL

    total $483,274 · related or exempt $483,274

  • 11b · Other revenue: LAUNDRY/VENDING REVENU

    total $1,809 · related or exempt $1,809

  • 11c · Other revenue: TENANT CHARGES

    total $420 · related or exempt $420

  • 11d · All other revenue

    total $81 · related or exempt $81

  • 11e · Other revenue, total

    $485,584

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $20,273 · management and general $20,273

  • 11a · Fees: management

    total $23,520 · management and general $23,520

  • 11b · Fees: legal

    total $6,337 · management and general $6,337

  • 11c · Fees: accounting

    total $7,890 · management and general $7,890

  • 13 · Office expenses

    total $2,992 · management and general $2,992

  • 16 · Occupancy

    total $158,946 · program services $158,946

  • 20 · Interest

    total $45,232 · program services $45,232

  • 22 · Depreciation, depletion and amortization

    total $77,144 · program services $77,144

  • 23 · Insurance

    total $54,578 · program services $54,578

  • 24a · Other expenses: HURRICANE DAMAGE EXPENS

    total $126,956 · program services $126,956

  • 24b · Other expenses: BAD DEBTS

    total $14,769 · program services $14,769

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $145,458 · end of year $20,707

  • 2 · Savings and temporary cash investments

    beginning of year $232,686 · end of year $265,401

  • 4 · Accounts receivable

    beginning of year $7,921 · end of year $3,595

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,792 · end of year $5,428

  • 10a · Land, buildings and equipment: cost or other basis

    $2,585,182

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,379,557

  • 10c · Land, buildings and equipment, net

    beginning of year $1,051,568 · end of year $1,205,625

  • 14 · Intangible assets

    beginning of year $150,759 · end of year $144,585

  • 15 · Other assets

    beginning of year $7,286 · end of year $10,578

  • 17 · Accounts payable and accrued expenses

    beginning of year $597,732 · end of year $441,793

  • 23 · Secured mortgages and notes payable

    beginning of year $1,617,184 · end of year $1,602,753

  • 25 · Other liabilities

    beginning of year $40,163 · end of year $10,578

  • 27 · Net assets without donor restrictions

    beginning of year -$656,609 · end of year -$399,205

Mission and programs · 2023

Mission

TO PROVIDE HOUSING TO INDIVIDUALS WITH CHRONIC MENTAL ILLNESS WHO ARE CLIENTS OF BOLEY CENTERS INC., A RELATED 501(C)(3) ORGANIZATION.

  • PINELLAS COUNTY HOUSING, INC. OPERATES TWO APARTMENT COMPLEXES OF 20 UNITS EACH FOR INDIVIDUALS WITH CHRONIC MENTAL ILLNESS UNDER A SECTION 202 DIRECT LOAN PROGRAM OF THE HOUSING ACT OF 1959 WITH A SECTION 8 HOUSING ASSISTANCE PAYMENT CONTRACT. TENANTS OF THEPROJECT ARE CLIENTS OF BOLEY CENTERS, INC., A RELATED 501(C)(3) ORGANIZATION.

    Expenses $477,625 · Revenue $603,029

As filed on the 2023 return.

Listed in Part VII

  • KEVIN MARRONE

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $215,936
    From this org
    $0
    From related orgs
    $208,614
    Other
    $7,322
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $208,614 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,038 related
    Nontaxable benefits
    $0 + $1,284 related
    Filer's total
    $0 + $215,936 related

  • MICHELLE JOSEPH

    CHIEF FINANCIAL OFFICER

    Total calculated
    $195,576
    From this org
    $0
    From related orgs
    $181,766
    Other
    $13,810
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,766 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,526 related
    Nontaxable benefits
    $0 + $8,284 related
    Filer's total
    $0 + $195,576 related

  • JACK HUMBURG

    CHIEF OPERATING OFFICER

    Total calculated
    $122,081
    From this org
    $0
    From related orgs
    $122,081
    Other
    $0
    Hours/week
    0.5 + 9.5 related

  • MARCY MCMATH

    CHIEF CLINICAL OFFICER

    Total calculated
    $92,919
    From this org
    $0
    From related orgs
    $82,284
    Other
    $10,635
    Hours/week
    10 + 30 related

  • ANTONIO HARRIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 9.5 related

  • JOSEPH STRINGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 9.5 related

  • MARKUS HUGHES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 9.5 related

  • MARKUS MITTENMAYR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 9.5 related

  • MARTIN T LOTT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 9.5 related

  • PAUL MISIEWICZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 9.5 related

  • RUTLAND BUSSEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 9.5 related

  • SUSAN PROCTOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 9.5 related

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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
PINELLAS COUNTY HOUSING, INC, DOES NOT HAVE ANY EMPLOYEES AND DOES NOT COMPENSATE ANY EMPLOYEES, OFFICERS, OR BOARD MEMBERS. EMPLOYEES AND OFFICERS ARE COMPENSATED THROUGH A RELATED TAX-EXEMPT ORGANIZATION, BOLEY CENTERS, INC. (FEIN: 59-1290089). BOLEY CENTERS, INC.'S FINANCE COMMITTEE OF THE BOARD MEETS MONTHLY WITH THE CHIEF EXECUTIVE OFFICER, CHIEF OPERATING OFFICER AND CHIEF FINANCIAL OFFICER. THE FINANCE COMMITTEE IS INDEPENDENT OF THE AGENCY'S MANAGEMENT AND IS LED BY THE TREASURER OF THE BOARD. THE FINANCE COMMITTEE OPERATES ACCORDING TO THE BY-LAWS OF THE AGENCY. THE CFO PRESENTS FINANCIAL STATEMENTS THAT COMPARE ACTUAL RESULTS TO THE BUDGET ON A MONTHLY AND YEAR-TO-DATE BASIS. SIGNIFICANT VARIANCES ARE EXPLAINED FOR REVENUES AND EXPENSES. A MONTHLY BALANCE SHEET AND CASH FLOW STATEMENT ARE ALSO REVIEWED BY THE COMMITTEE. THE FINANCE COMMITTEE IS ALSO KEPT INFORMED OF ANY NEW FUNDING, FUNDING CUTS, INSURANCE RENEWALS AND OTHER FINANCIAL MATTERS AT EACH MEETING. THE CONFLICT-OF-INTEREST POLICY AND PROCEDURE AND THE DISCLOSURE STATEMENTS ARE REVIEWED ANNUALLY AS WELL. BEFORE THE START OF THE NEW FISCAL YEAR, AN ANNUAL OPERATING AND CAPITAL BUDGET ARE PRESENTED TO THE FINANCE COMMITTEE FOR THEIR APPROVAL. MAJOR ASSUMPTIONS USED IN THE PREPARATION OF THE BUDGETS ARE PRESENTED AS WELL. A MID-YEAR BUDGET REVISION IS ALSO PRESENTED FOR SIGNIFICANT CHANGES AS A RESULT OF UNANTICIPATED FACTORS IF DEEMED NECESSARY. THE FINANCE COMMITTEE ALSO FUNCTIONS AS THE AUDIT COMMITTEE. THE FINANCE COMMITTEE IS RESPONSIBLE FOR HIRING AND TERMINATING THE AUDIT FIRM AND DETERMINING THE SCOPE OF WORK. ALL ENGAGEMENT LETTERS ARE REVIEWED BY THE FINANCE COMMITTEE WHICH INCLUDES THE COST OF SERVICES TO BE PROVIDED. A DRAFT COPY OF THE ANNUAL AUDIT IS REVIEWED WITH THE FINANCE COMMITTEE. THE AUDIT FIRM MAKES A PRESENTATION TO THE COMMITTEE AND REVIEWS ANY AUDIT FINDINGS, REPORTABLE CONDITIONS AND MANAGEMENT LETTER ISSUES. A FULL AUDIT IS PERFORMED WHICH INCLUDES EVALUATION OF THE AGENCY'S INTERNAL CONTROL STRUCTURE AND COMPLIANCE WITH OMB CIRCULAR A-133. THE AUDIT OF THE 401(K) PLAN IS ALSO REVIEWED BY THE FINANCE COMMITTEE. THE FINANCE COMMITTEE MUST ALSO APPROVE ANY SPECIAL PROJECTS BEYOND THE SCOPE OF THE AUDIT. CURRENTLY, THE AUDIT FIRM ALSO PREPARES THE TAX FILINGS OF THE FORM 990 (RETURN OF ORGANIZATION EXEMPT FORM INCOME TAX), FORM 990-T (EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN) AND FORM 5500 (ANNUAL RETURN OF EMPLOYEE BENEFIT PLAN). THE FINANCE COMMITTEE REVIEWS FORMS 990 AND 990-T PRIOR TO ITS FILING DATE. MINUTES OF THE FINANCE COMMITTEE MEETINGS ARE PREPARED DOCUMENTING APPROVAL OF THE FINANCIAL REPORTS. COPIES OF THE FINANCIAL REPORTS ARE PRESENTED TO THE FULL BOARD AT THE MEETINGS. THE BOARD HAS ALSO FORMED AN EXECUTIVE COMMITTEE TO REVIEW THE COMPENSATION AND BENEFITS PROVIDED TO ITS CEO/PRESIDENT. THE COMMITTEE MEETS AT LEAST ANNUALLY TO COMPLETE PERFORMANCE EVALUATION, REVIEW THE COMPENSATION PACKAGE AND APPROVE ANY SALARY. A REVIEW OF COMPARABLE SALARY DATA IS ALSO MADE AT LEAST EVERY FIVE YEARS.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
11 May 2025
IRS schema version
2023v6.0
Source object
202521349349305947

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