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Forest Meadows Apartments INC FY2021 filing

Tax-deductible

St Petersburg, FL501(c)(3)Since 1993HousingEIN 59-3212721Revenue $147K in FY2021

On file with the IRSboleycenters.org445 31st St N, 33713-7605 · St Petersburg, FLTax-exempt since Jun 1994Publicly supported — 509(a)(2)

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To provide housing to individuals with chronic mental illness who are clients of boley centers INC., a related 501(c)(3) organization.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $20K a year · 19% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.0M
222% of total assets
Concern: liabilities are 222% of assets; over 80%.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$147K
+53% vs prior year
Spent
$107K
To programs
80%
Net assets
−$557K
By yearFY2020–FY2025
Revenue
$147K
FY2021▲ +53%
Tap a bar for its year
Revenue by fiscal year
FY2020$96K
FY2021$147K
FY2023$99K
FY2024$97K
FY2025$92K
Expenses
$107K
FY2021▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$116K
FY2021$107K
FY2023$140K
FY2024$123K
FY2025$148K
Net assets
−$557K
FY2021▼ -265%
Tap a bar for its year
Net assets by fiscal year
FY2020$338K
FY2021−$557K
FY2023−$615K
FY2024−$640K
FY2025−$696K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1994.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $85K Management & general 20% · $22K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Paul Misiewicz
Vice Chairma
$0Pt VII · Sec A
Joseph Smith
2nd Vice Cha
$0Pt VII · Sec A
$0Pt VII · Sec A
John Hebert
Director
$0Pt VII · Sec A
Mark Hughes
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Forest Meadows Apartments INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers housing for individuals with chronic mental illness.

Questions for Forest Meadows Apartments INC

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Provided by the organization

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1 program · $85K · in their own filed words · FY2020
01

Forest meadows apartments, inc. Is a 15 unit apartment complex for individuals with chronic mental illness under a section 811 capital advance of the national affordable housing act with a project rental assistance contract. All tenants of the project are clients of boley centers, inc., a related 501(c)(3) organization.

$85Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$147K
Ln 12
Gifts and grantsLn 1h$106K
Fees for servicesLn 2g$40K
Other incomeLn 4–11$1K
Money outPt IX
$107K
Ln 25
Programscol B$85K
Managementcol C$22K
Owns and owesPt X
−$557K
net assets · Ln 32
Cash and savingsLn 1–2$33K
Total assetsLn 16$458K
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$106K
Government grantsLn 1e$56K
Fees for servicesLn 2g$40K
Investment incomeLn 3$48
Other incomeLn 4–11$1K
Total revenueLn 12$147K
Assets in detailPt X, end of year
CashLn 1$11K
SavingsLn 2$23K
Cash and savings togetherLn 1–2$33K
Land, buildings, equipmentLn 10c$422K
Other assetsLn 15$3K
Total assetsLn 16$458K
LiabilitiesLn 26$1.0M
Net assetsLn 32−$557K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$26K$33K
Land, buildings, equipmentLn 10c$384K$422K
Total assetsLn 16$415K$458K
LiabilitiesLn 26$1.0M$1.0M
Net assetsLn 32−$597K−$557K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$8K$8K
Management feesLn 11a$7K$7K
Accounting feesLn 11c$7K$7K
Office expensesLn 13$73$73
OccupancyLn 16$53K$53K
Depreciation, depletion and amortizationLn 22$24K$24K
InsuranceLn 23$8K$8K
Total functional expensesLn 25$107K$85K$22K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $92K$148K−$56K−$696K 990 PDF
FY2024 $97K$123K−$25K−$640K 990 PDF
FY2023 $99K$140K−$41K−$615K 990 PDF
FY2022 Not on file
FY2021 Viewing $147K$107K$41K−$557K 990 PDF
FY2020 $96K$116K−$19K$338K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $147,172 revenue, 12 lines filed
I-8 Contributions and grants$106,174
I-9 Program service revenuePrior year $95,068$39,881
I-10 Investment incomePrior year $55$48
I-11 Other revenuePrior year $1,038$1,069
I-12 Total revenuePrior year $96,161$147,172
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $8,582$7,568
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $106,969$99,047
I-18 Total expensesPrior year $115,551$106,615
I-19 Revenue less expensesPrior year −$19,390$40,557
Part VI · Governance 10 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $147,172 across 7 lines filed
VIII-1d Related organizations$50,655
VIII-1e Government grants$55,519
VIII-1h Total contributions, gifts and grants$106,174
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $39,881$39,881
VIII-3 Investment incomeRelated to mission $48$48
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,069$1,069
VIII-12 Total revenueRelated to mission $40,998$147,172
Part IX · Statement of functional expenses $106,615 across 7 lines filed
IX-7 Other salaries and wagesManagement $7,568$7,568
IX-11a Management feesManagement $7,200$7,200
IX-11c Accounting feesManagement $6,950$6,950
IX-13 Office expensesManagement $73$73
IX-16 OccupancyPrograms $52,977$52,977
IX-22 Depreciation, depletion and amortizationPrograms $24,056$24,056
IX-23 InsurancePrograms $7,791$7,791
IX-25 Total functional expensesPrograms $84,824 · Management $21,791 · Fundraising $0$106,615
Part X · Balance sheet $458,254 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $2,349$10,591
X-2 Savings and temporary cash investmentsStart of year $23,441$22,540
X-4 Accounts receivableStart of year $2,603$583
X-10c Land, buildings and equipment, netStart of year $383,916$421,565
X-15 Other assetsStart of year $2,975$2,975
X-16 Total assetsStart of year $415,284$458,254
X-17 Accounts payable and accrued expensesStart of year $74,620$76,746
X-25 Other liabilitiesStart of year $2,720$3,007
X-26 Total liabilitiesStart of year $1,012,740$1,015,153
X-27 Net assets without donor restrictionsStart of year −$597,456−$556,899
X-32 Total net assets or fund balancesStart of year −$597,456−$556,899
X-33 Total liabilities and net assetsStart of year $415,284$458,254
Part XI · Reconciliation of net assets −$556,899 net assets at year end
XI-1 Total revenue$147,172
XI-2 Total expenses$106,615
XI-3 Revenue less expenses$40,557
XI-4 Net assets at start of year−$597,456
XI-10 Net assets at end of year−$556,899

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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