Totals
- Total revenue
- $1,926,144
- Total expenses
- $1,699,408
- Contributions and grants received
- $936,333
- Grants paid
- $0
- Program service revenue
- $307,852
- Investment income
- $125,825
- Other revenue
- $556,134
- Total assets, end of year
- $5,531,883
- Total liabilities, end of year
- $88,018
- Net assets or fund balances, end of year
- $5,443,865
- Program services expenses (Part IX)
- $1,365,490
- Management and general expenses
- $240,343
- Fundraising expenses
- $93,575
- Program service expenses (Part III)
- $1,365,490
Program services were 80.4% 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.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$97,079
-
1e · Government grants (contributions)
$157,133
-
1f · All other contributions, gifts and grants
$682,121
-
1g · Noncash contributions included above
$215,965
-
2a · Program service revenue: RESIDENT COMMUNITY PRO
total $270,340 · related or exempt $270,340
-
2b · Program service revenue: CATERING INCOME
total $37,512 · related or exempt $37,512
-
3 · Investment income
total $164,032 · excluded $164,032
-
6a · Gross rents
real property $16,075
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $16,075
-
6d · Net rental income or loss
total $16,075 · related or exempt $16,075
-
7b · Less cost or other basis and sales expenses
other assets $38,207
-
7c · Gain or loss
other assets -$38,207
-
7d · Net gain or loss
total -$38,207 · excluded -$38,207
-
8a · Fundraising events: gross income
$331,107
-
8a · Fundraising events: contributions included on line 1c
$97,079
-
8b · Fundraising events: direct expenses
$145,052
-
8c · Net income from fundraising events
total $186,055 · excluded $186,055
-
10a · Gross sales of inventory
$367,425
-
10b · Cost of goods sold
$305,254
-
10c · Net income from sales of inventory
total $62,171 · related or exempt $62,171
-
11a · Other revenue: INSURANCE PROCEEDS
total $141,973 · related or exempt $141,973
-
11b · Other revenue: PIB - RESIDENCE SERVIC
total $84,000 · related or exempt $84,000
-
11c · Other revenue: ESCROW FUNDS
total $41,188 · related or exempt $41,188
-
11d · All other revenue
total $24,672 · related or exempt $24,672
-
11e · Other revenue, total
$291,833
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $152,250 · program services $50,243 · management and general $50,242 · fundraising $51,765
-
7 · Other salaries and wages
total $841,469 · program services $714,927 · management and general $113,927 · fundraising $12,615
-
8 · Pension plan contributions
total $5,489 · program services $3,697 · management and general $1,269 · fundraising $523
-
9 · Other employee benefits
total $42,166 · program services $28,397 · management and general $9,748 · fundraising $4,021
-
10 · Payroll taxes
total $73,307 · program services $49,370 · management and general $16,947 · fundraising $6,990
-
11b · Fees: legal
total $350 · program services $350
-
11c · Fees: accounting
total $15,985 · management and general $15,985
-
11g · Fees: other
total $17,112 · program services $13,523 · management and general $2,743 · fundraising $846
-
12 · Advertising and promotion
total $2,388 · program services $1,038 · management and general $678 · fundraising $672
-
13 · Office expenses
total $14,269 · program services $9,026 · management and general $5,243
-
14 · Information technology
total $42,184 · program services $42,184
-
16 · Occupancy
total $114,644 · program services $112,594 · fundraising $2,050
-
17 · Travel
total $776 · program services $625 · fundraising $151
-
20 · Interest
total $891 · program services $891
-
22 · Depreciation, depletion and amortization
total $80,550 · program services $72,350 · management and general $8,200
-
23 · Insurance
total $110,755 · program services $110,755
-
24a · Other expenses: SUPPLIES
total $56,987 · program services $46,884 · management and general $8,727 · fundraising $1,376
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $47,813 · program services $47,813
-
24c · Other expenses: PROGRAM EXPENSES
total $46,222 · program services $41,220 · management and general $5,002
-
24d · Other expenses: BANK SERVICE CHARGES
total $13,086 · program services $12,578 · fundraising $508
-
24e · All other expenses
total $20,715 · program services $7,025 · management and general $1,632 · fundraising $12,058
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,065,877 · end of year $41,688
-
2 · Savings and temporary cash investments
end of year $971,953
-
3 · Pledges and grants receivable
beginning of year $11,497 · end of year $50,897
-
4 · Accounts receivable
end of year $88,545
-
8 · Inventories for sale or use
beginning of year $41,618 · end of year $4,685
-
9 · Prepaid expenses and deferred charges
beginning of year $10,349 · end of year $29,929
-
10a · Land, buildings and equipment: cost or other basis
$1,975,544
-
10b · Land, buildings and equipment: accumulated depreciation
$434,128
-
10c · Land, buildings and equipment, net
beginning of year $1,572,436 · end of year $1,541,416
-
12 · Investments: other securities
beginning of year $425,817 · end of year $432,606
-
15 · Other assets
beginning of year $2,285,032 · end of year $2,370,164
-
17 · Accounts payable and accrued expenses
beginning of year $69,697 · end of year $74,761
-
19 · Deferred revenue
beginning of year $7,375 · end of year $7,500
-
23 · Secured mortgages and notes payable
beginning of year $29,122
-
25 · Other liabilities
beginning of year $104,285 · end of year $5,757
-
27 · Net assets without donor restrictions
beginning of year $4,908,669 · end of year $5,154,472
-
28 · Net assets with donor restrictions
beginning of year $293,478 · end of year $289,393
Mission and programs · 2023
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 AS 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 FULL-SERVICE SALON, SWEET SUE'S IS DISABILITY-FRIENDLY AND CATERS TO THOSE WITH SPECIAL NEEDS.
Expenses $1,365,490 · Revenue $677,931
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dr Lori D BradstreetDR LORI D BRADSTREET
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Terry L LockeTERRY L LOCKE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Wayne CooperWAYNE COOPER
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Frank J VegaFRANK J VEGA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Melissa DugasMELISSA DUGAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Margaret Lohan-AvalosMARGARET LOHAN-AVALOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lynn WilsonLYNN WILSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Cindy DropeskiCINDY DROPESKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mason WilliamsMASON WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Harold Edward Rusty MelleHAROLD EDWARD RUSTY MELLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jeff KielJEFF KIEL
CEO
- Total calculated
- $152,250
- From this org
- $145,140
- From related orgs
- $0
- Other
- $7,110
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $145,140
- Bonus
- $0
- Other
- $0
- Deferred
- $2,250
- Nontaxable benefits
- $4,860
- Filer's total
- $152,250
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 $147,313 · assets $0
-
PROMISE IN BREVARD MEMBER LLC
REAL ESTATE HOLDING COMPANY · FL
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423199349307432
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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