Convivial Communities Inc

Nonprofit profile at a glance

EIN
862709490
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024
Location
Venice, FL, USA
Phone
9412603928
Rating
36
Verdict
REVIEW
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$1,213
Expenses
$1,299,730
Assets
$51,007
Liabilities
$24,933,052

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • BRUCE E GRINDROD JR (TRUSTEE, BOARD CHAIR & CEO)

People named in this filing

  • BRUCE E GRINDROD JR (TRUSTEE, BOARD CHAIR & CEO)
  • JUDAH RONCH (TRUSTEE & VICE CHAIR)
  • JEFFREY METZGER (TRUSTEE, SECRETARY & TREAS)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The corporation is organized and will be operated for charitable and religious purposes in accordance with section 501(c)(3), specifically to support its supported organization. Convivial life, inc. Will further its exempt purposes by (i) benefiting and performing the functions of its supported organization through the centralized management and administrative services the corporation provides and (ii) furthering the supported organization's exempt purposes by freeing its resources and allowing it to concentrate only on providing services to its elderly residents, rather than high-level management and administrative functions.

What it reported doing in 2024

Convivial communities, inc. (the corporation) is a Florida not for profit corporation incorporated on march 12, 2021. The corporation was organized and will be operated exclusively for charitable and religious purposes in accordance with section 501(c)(3) of the internal revenue code (section 501(c)(3)). The specific purpose for which the corporation is organized and will be operated is for the benefit of, to perform the functions of, and to carry out the purposes of its supported organization.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 9
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -107,050%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 0.04; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 488.82; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 150% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 149.2% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Sustainability: Operating margin scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.