Boley Centers INC EIN 59-1290089

Boley Centers INC

EIN  59-1290089 Public charity (501(c)(3)) St Petersburg, FL Founded 1970
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/10/26 · see original filing: IRS
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Size
$10–100M
What they do
Enriches lives through quality treatment, rehabilitation, employment, and housing for people in recovery.
Leadership
Kevin Marrone · Chief Executive Officer · $201K
Money in and out
$25.0M revenue, $25.4M expenses
Bottom line
81% program efficiency

Enriches lives through quality treatment, rehabilitation, employment, and housing for people in recovery. For fiscal year 2024 it reported $25.0M in revenue, $25.4M in expenses, and $7.9M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$25.0M
Pt VIII · Ln 12
Total expenses
$25.4M
Pt IX · Ln 25
Net assets
$7.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$390K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.16 Fundraising $0.03
Program efficiency
81%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
0.9mo
months of highly liquid reserves at operating expense rate▼ -25% vs prior filing year
Surplus margin
-2%
revenue over expenses, this year▲ +59% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$25.0M
FY2024▲ +13%
Expenses
$25.4M
FY2024▲ +10%
Total assets
$17.9M
FY2024▼ -9%
Total liabilities
$10.0M
FY2024▼ -12%
Total revenue
$25.0M
Pt VIII · Ln 12
Total expenses
$25.4M
Pt IX · Ln 25
Net assets
$7.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$390K
Total assetsPt X · Ln 16$17.9M
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

3 program services account for $13.9M of program spending, described in the organization's own filed words · FY2024.
01

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.

$5.3Mprogram expense
02

Boley housing services has provided housing and support to individuals with chronic mental illness since 1970. Boley currently owns and manages a total of 615 beds comprised of 62 group home beds, 45 safe haven beds, 38 transitional homeless supervised apartments, 191 permanent homeless apartment beds, 281 permanent supported housing…

$4.4Mprogram expense
03

Boley centers' exempt purpose is to provide residential housing programs with various levels of structure, supervision, independent living-skills,teaching, counseling, rehabilitation and treatment services to individuals with chronic mental illness in pinellas county, florida.

$4.2Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBoley Centers INC
EINHdr · item D59-1290089
Principal addressHdr · item CSt Petersburg, FL
WebsiteHdr · item Jwww.boleycenters.org
Year of formationHdr · item L1970
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMental Health (F300)
Ruling yearIRS BMFAug 1971

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Executive Officer
$201,042Pt VII · Sec A
Chief Financial Officer
$181,858Pt VII · Sec A
Chief Clinical Officer
$113,003Pt VII · Sec A
Chief Operating Officer
$94,235Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kevin Marrone’s $201K as Chief Executive Officer is at the 28th percentile of top reported officer pay among 747 $10–100M mental health nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Kevin Marrone$201,042$208,614$151,367$151,367$115,666$121,475
Michelle Joseph$181,858$184,213
Gary Macmath$157,748$154,456
Marcy McMath$113,003$82,284
Jeri Flanagan$106,811$106,812
Jack Humburg$94,235$99,235$101,377$79,670
Nancy Recvlohe$98,910

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$20.7M · 83%
Program service revenue$3.0M · 12%
Other revenue$1.3M · 5%
Contributions & grants83%$20.7M
Program service revenue12%$3.0M
Other revenue5%$1.3M
Investment income$92K
— government grantsLn 1e$19.9M
Total revenueLn 12$25.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.16 Fundraising $0.03
Program services81%$20.7M
Management & general16%$4.0M
Fundraising3%$727K
Total functional expensesLn 25$25.4M

Balance Sheet

Part X · end of year
CashLn 1$1.1M
Total assetsLn 16$17.9M
Total liabilitiesLn 26$10.0M
Total net assetsLn 32$7.9M
Months of cash on handcomputed0.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.0M · Operating expenses/yr $25.4M
0.9 months
Where the money goes
Program services
Program services $20.7M · Total expenses $25.4M
81%
Management & General
Management & general $4.0M · Total expenses $25.4M
16%
Fundraising
Fundraising $727K · Total expenses $25.4M
3%
Cost to raise $1
Fundraising expense (3-yr avg) $581K · Solicited contributions (3-yr avg) $2.0M
$0.29 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $20.7M · Total revenue $25.0M
83%
Government reliance
Government grants $19.9M · Total revenue $25.0M
80%
Earned-income share
Program service revenue $3.0M · Total revenue $25.0M
12%
Investment reliance
Investment income $92K · Total revenue $25.0M
0%
Program self-sufficiency
Program service revenue $3.0M · Total expenses $25.4M
12%
Growth & trend
Revenue growth (YoY)
This year $25.0M · Prior year $22.2M
+13%
Revenue CAGR
FY2019 $18.0M · FY2024 $25.0M
+7%
Net-asset trend (YoY)
End of year $7.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $25.0M · Expenses $25.4M
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $17.9M
Net-asset ratio
Net assets $7.9M · Total assets $17.9M
44%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $917K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $17.9M
5%
People & payroll
Highest Reported Total Compensation
Individual Kevin Marrone · Reported title CHIEF EXECUTIVE OFFICER · Highest reported compensation $201K · Total expenses $25.4M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $11.0M · Total expenses $25.4M
43%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 16%
Fundraising cost ratio 4%
Revenue growth 13%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 13 grants · $17.2M · 2019–2024
Pinellas Affordable Living INCFL · FY2024$912,095
Pinellas Affordable Living INCFL · FY2023$648,875
Unitemized GrantFY2022$3,180,042
Pinellas Affordable Living INCFL · FY2022$718,908
Unitemized GrantFY2021$3,232,216
Pinellas Affordable Living INCFL · FY2021$579,559
Unitemized GrantFY2020$3,884,559
Unitemized GrantFY2019$2,988,519
Unitemized GrantFY2019$543,740
Pinellas Affordable Living INCFL · FY2019$409,864
Forest Lane Apartments INCFY2019$40,000
Dome District Apartments INCFL · FY2019$24,124
Lake Winds Apartments INCFL · FY2019$19,188

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$22.2M revenue · ⤓ 990 PDF
FY2023$23.3M revenue · ⤓ 990 PDF
FY2022$20.2M revenue · ⤓ 990 PDF
FY2021$21.3M revenue · ⤓ 990 PDF
FY2020$18.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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