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Palm Avenue Baptist Tower Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 591466401 ✦ Tampa, FL ✦ Designated as a 501(c)(3)

Overview

What is Palm Avenue Baptist Tower Inc?

Palm Avenue Baptist Tower Inc is a nonprofit organization located at 215 East Palm Avenue, Tampa, Florida 33602. Their primary focus is on providing affordable housing and assisted living services for low-income elderly individuals and those with disabilities. The organization is regulated and subsidized by the U.S. Department of Housing and Urban Development (HUD), ensuring that a substantial number of their 199 apartments remain accessible and affordable through Section 8 housing subsidies. The mission of Palm Avenue Baptist Tower Inc is to enhance the lives of these vulnerable individuals by offering a supportive living environment.


Is Palm Avenue Baptist Tower Inc legitimate?

Palm Avenue Baptist Tower Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palm Avenue Baptist Tower Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $479,223

For more financial information, click here


What is the mission statement of Palm Avenue Baptist Tower Inc?
Who is the CEO of Palm Avenue Baptist Tower Inc?
What is the revenue of Palm Avenue Baptist Tower Inc?
Who are the executives of Palm Avenue Baptist Tower Inc and what are their salaries?
Where can I find the form 990 for Palm Avenue Baptist Tower Inc?

Mission Statement of Palm Avenue Baptist Tower Inc

Palm Avenue Baptist Tower Inc, as a HUD-subsidized and regulated apartment building, is committed to providing affordable housing and Assisted Living Facility (ALF) services to low-income elderly and/or handicapped individuals. This nonprofit organization's mission is to ensure that these vulnerable groups have access to a secure and comfortable living environment. The building, housing 199 apartments, operates under HUD regulations with a Section 8 housing subsidy, ensuring that the rent remains affordable for its residents. Palm Avenue Baptist Tower Inc is dedicated to making a positive impact in the lives of its residents, providing them with the support they need to live with dignity and independence.

Impact

This information is meant to be a general summary of Palm Avenue Baptist Tower Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Palm Avenue Baptist Tower Inc's impact is significant in providing affordable housing and assisted living services to low-income elderly and handicapped individuals in Tampa, Florida. With 199 apartments specially designed for this demographic, the organization plays a crucial role in supporting those in need of HUD-subsidized housing under the Section 8 subsidy program. By offering a safe and supportive living environment, Palm Avenue Baptist Tower Inc contributes towards enhancing the quality of life for vulnerable populations, ensuring they have access to essential housing and care services.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $55
  • Program Service Revenue: $1,590,055
  • Gross Receipts: $3,024,442

    • Assets and Liabilities:
  • Total Assets: $1,464,303
  • Total Liabilities: $817,295
  • Net Assets: $647,008
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    TENANT RENTS

    Revenue

    $514,415

    ALF RENTS

    Revenue

    $1,051,639

    ROOF ANTENNA RENTS

    Revenue

    $24,001

    Organization Details

    Founding Year

    1972

    Principal Officer

    Randall Strain

    Main Address

    215 EAST PALM AVE, TAMPA, FL, 33602

    NTEE Category

    Code: L22Z - Housing

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