philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Laurel Trace INC

Tax-deductible

St Petersburg, FL501(c)(3)Since 2010HousingEIN 90-0604565Revenue $60K in FY2025

On file with the IRSboleycenters.org445 31st St N, 33713-7605 · St Petersburg, FLTax-exempt since Nov 2010Publicly supported — 509(a)(2)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

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.
73¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
0 of 5
filings with a surplus
Average deficit $39K a year · 70% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.4M
142% of total assets
Concern: liabilities are 142% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$60K
+2% vs prior year
Spent
$103K
To programs
73%
Net assets
−$422K
By yearFY2020–FY2025
Revenue
$60K
FY2025▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$52K
FY2021$52K
FY2023$54K
FY2024$59K
FY2025$60K
Expenses
$103K
FY2025▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$84K
FY2021$83K
FY2023$102K
FY2024$99K
FY2025$103K
Net assets
−$422K
FY2025▼ -11%
Tap a bar for its year
Net assets by fiscal year
FY2020$941K
FY2021−$257K
FY2023−$341K
FY2024−$380K
FY2025−$422K

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2010.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $74K Management & general 27% · $28K

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

Something off? Claim to add context

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Kevin Marrone
CEO/Managing Entity
$0Pt VII · Sec A
Michelle Joseph
CFO/Managing Entity
$0Pt VII · Sec A
Jack Humburg
Assistant Secretary
$0Pt VII · Sec A
Marcy McMath
Cco/Managing Entity
$0Pt VII · Sec A
$0Pt VII · Sec A
Martin T Lott
Vice President
$0Pt VII · Sec A
Susan Proctor
Secretary-Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Laurel Trace INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Provides housing for individuals with chronic mental illness.

Questions for Laurel Trace INC

Tap to ask. Laurel Trace INC sees how many people are interested.

Your first name shows with your question. Laurel Trace INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $74K · in their own filed words · FY2024
01

Laurel trace, inc. Is a 9 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. Tenants of the project are clients of boley centers, inc., a related 501(c)(3) organization.

$74Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$60K
Ln 12
Gifts and grantsLn 1h$33K
Fees for servicesLn 2g$27K
Other incomeLn 4–11$425
Money outPt IX
$103K
Ln 25
Programscol B$74K
Managementcol C$28K
Owns and owesPt X
−$422K
net assets · Ln 32
Cash and savingsLn 1–2$52K
Total assetsLn 16$1.0M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$33K
Government grantsLn 1e$33K
Fees for servicesLn 2g$27K
Investment incomeLn 3$38
Other incomeLn 4–11$425
Total revenueLn 12$60K
Assets in detailPt X, end of year
CashLn 1$12K
SavingsLn 2$40K
Cash and savings togetherLn 1–2$52K
Land, buildings, equipmentLn 10c$951K
Other assetsLn 15$2K
Total assetsLn 16$1.0M
LiabilitiesLn 26$1.4M
Net assetsLn 32−$422K
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 FY25End FY25
Cash and savingsLn 1–2$63K$52K
Land, buildings, equipmentLn 10c$981K$951K
Total assetsLn 16$1.0M$1.0M
LiabilitiesLn 26$1.4M$1.4M
Net assetsLn 32−$380K−$422K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$6K$6K
Management feesLn 11a$5K$5K
Accounting feesLn 11c$7K$7K
Office expensesLn 13$5K$5K
OccupancyLn 16$33K$33K
Depreciation, depletion and amortizationLn 22$30K$30K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$5K$839$4K
Total functional expensesLn 25$103K$74K$28K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $60K$103K−$42K−$422K 990 PDF
FY2024 $59K$99K−$39K−$380K 990 PDF
FY2023 $54K$102K−$49K−$341K 990 PDF
FY2022 Not on file
FY2021 $52K$83K−$31K−$257K 990 PDF
FY2020 $52K$84K−$32K$941K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $60,392 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $27,429$33,173
I-9 Program service revenuePrior year $31,567$26,756
I-10 Investment incomePrior year $37$38
I-11 Other revenuePrior year $431$425
I-12 Total revenuePrior year $59,464$60,392
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $6,205$5,990
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $92,616$96,528
I-18 Total expensesPrior year $98,821$102,518
I-19 Revenue less expensesPrior year −$39,357−$42,126
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $60,392 across 6 lines filed
VIII-1e Government grants$33,173
VIII-1h Total contributions, gifts and grants$33,173
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $26,756$26,756
VIII-3 Investment incomeExcluded from tax $38$38
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $425$425
VIII-12 Total revenueRelated to mission $27,181 · Unrelated business $0 · Excluded from tax $38$60,392
Part IX · Statement of functional expenses $102,518 across 8 lines filed
IX-7 Other salaries and wagesManagement $5,990$5,990
IX-11a Management feesManagement $5,340$5,340
IX-11c Accounting feesManagement $7,314$7,314
IX-13 Office expensesManagement $5,263$5,263
IX-16 OccupancyPrograms $33,105$33,105
IX-22 Depreciation, depletion and amortizationPrograms $29,584$29,584
IX-23 InsurancePrograms $10,934$10,934
IX-24 Other expenses (24a–d)Programs $839 · Management $4,149$4,988
IX-25 Total functional expensesPrograms $74,462 · Management $28,056 · Fundraising $0$102,518
Part X · Balance sheet $1,008,512 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $24,471$11,995
X-2 Savings and temporary cash investmentsStart of year $38,158$40,138
X-4 Accounts receivableStart of year $635$0
X-9 Prepaid expenses and deferred chargesStart of year $2,421$2,750
X-10c Land, buildings and equipment, netStart of year $980,949$951,365
X-15 Other assetsStart of year $2,247$2,264
X-16 Total assetsStart of year $1,048,881$1,008,512
X-17 Accounts payable and accrued expensesStart of year $118,956$120,696
X-25 Other liabilitiesStart of year $2,247$2,264
X-26 Total liabilitiesStart of year $1,428,803$1,430,560
X-27 Net assets without donor restrictionsStart of year −$379,922−$422,048
X-32 Total net assets or fund balancesStart of year −$379,922−$422,048
X-33 Total liabilities and net assetsStart of year $1,048,881$1,008,512
Part XI · Reconciliation of net assets −$422,048 net assets at year end
XI-1 Total revenue$60,392
XI-2 Total expenses$102,518
XI-3 Revenue less expenses−$42,126
XI-4 Net assets at start of year−$379,922
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$422,048

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.