Boley Centers Inc
Nonprofit profile at a glance
- EIN
- 591290089
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- St Petersburg, FL, USA
- Phone
- 7278214819
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Mental Health Treatment F31 Psychiatric, Mental Health Hospital
Reported finances
- Revenue
- $25,035,719
- Expenses
- $25,425,641
- Assets
- $17,893,002
- Liabilities
- $9,958,628
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- KEVIN MARRONE (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- KEVIN MARRONE (CHIEF EXECUTIVE OFFICER): $208,357 total reported compensation
- MICHELLE JOSEPH (CHIEF FINANCIAL OFFICER): $203,935 total reported compensation
- MARCY MCMATH (CHIEF CLINICAL OFFICER): $132,941 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Boley centers mission is to enrich the lives of people in recovery by providing the highest quality treatment, rehabilitation, employment and housing services.
What it reported doing in 2024
Supported housing/supported living program focuses services around community based rehabilitative principles. Team members provide service and support to consumers that are designed to enhance the consumer's ability to acquire the skills and develop the support networks neccesary to live independently in a setting of their choosing. This includes establishing community integration, skill attainment and restoration of functional ability. Team members work closely with consumers and their family members to identify their individual areas of need. The team members then develop individual treatment plans designed to help the individuals acquire or restore skills and/or supports required to obtain their identified goals.
Operating model
- Revenue model
- Grant-funded. 80% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 96% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 88
- Accountability: 100
- Sustainability: 31
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.9%; rating input score 83
- Program expense ratio: 81.4%; rating input score 81
- Fundraising efficiency: $28.48 raised per $1 spent on fundraising; rating input score 65; 65th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -1.6%; rating input score 25; 25th percentile among comparable filings
- Total-asset coverage ratio: 0.7; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 0.56; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 2.5%; rating input score 72; 72nd percentile among comparable filings
Growth
- Program expense growth: 3.4% per year; rating input score 100; 29th percentile among comparable filings
- Revenue growth: 2.7% per year; rating input score 100; 23rd percentile among comparable filings
- Asset growth: 0.9% per year; rating input score 100; 13th percentile among comparable filings
Details
- Where the money goes: 82.9% of revenue deployed · 81.4% of spending went to programs
- Governance: 14 of 14 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $20.7M in reported program spending
- Leadership: top reported pay $208K · 18 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $507K reported
- Consistency: 34 of 34 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 19 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 25/100.
- High — Sustainability: Total-asset coverage ratio scored 25/100.
- High — Sustainability: Liabilities to assets ratio scored 25/100.