Parc Housing Ii Inc

Nonprofit profile at a glance

EIN
592766054
IRS 990-EZ coverage
2024–2024
Forms available
Form 990 2023, Form 990-EZ 2024
Location
St Petersburg, FL, USA
Phone
7273459111
Rating
94
Verdict
STRONG
Rating confidence
Moderate
Sector
Low-Income & Subsidized Rental Housing

Official website

Reported finances

Revenue
$114,665
Expenses
$177,324
Assets
$485,346
Liabilities
$698,943

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

Leadership & pay

12 people listed

Executive titles in this filing

  • MICHELLE DETWEILER (PRESIDENT & CEO)

People named in this filing

  • MICHELLE DETWEILER (PRESIDENT & CEO)
  • MARK CAVANAUGH (TREASURER, EVP & CFO)
  • DAVID LEHMAN (VP OF OPERATIONS)

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

To provide a person-centered, comprehensive, and individualized residential service for adults with disabilities.

What it reported doing in 2024

The organization operates a 15-bed residential facility in pinellas county, Florida for the developmentally disabled under section 202 of the national housing act. The program, which is regulated by the u.s. Department of housing and urban development, provides person-centered, comprehensive, and individualized residential services for adults with disabilities. The facility is a superior alternative to state institutions.the facility is an adult residential facility that provides 24-hour, non-medical care for adults over age 18, who are unable to provide for their own daily needs. The residents in this facility are physically handicapped, developmentally disabled, and/or mentally disabled.parc housing ii, inc. Aims to provide a safe, nurturing and caring environment to its participants in a community-style setting.

Operating model

Revenue model
Donor-supported. 61% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% 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 liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 100
  • Sustainability: 35
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 96.8%; rating input score 97

Transparency & Controls

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

Sustainability

  • Operating margin: -54.6%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 2.74; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 1.44; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 0.8% per year; rating input score 100; 25th percentile among comparable filings
  • Asset growth: 3% per year; rating input score 100; 37th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 96.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $172K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • Related organizations: 5 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 2/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.