2023-10-18T14:59:43-04:00 2022-12-31 591152714 BERMAN HOPKINS WRIGHT LAHAM CPAS & ASSOC 8035 SPYGLASS HILL RD MELBOURNE FL 329407984 990 2022-01-01 900520600 PROMISE INC PROM 3217227400 4105 NORFOLK PARKWAY WEST MELBOURNE FL 32904 JEFF KIEL CEO 3217227400 2023-10-13 true JEFF KIEL 999009999 false MICHAEL R DURANTE CPA P00525773 3217572020 2023-10-17 2022 2023-04-26 12:10:37Z PROMISE IN BREVARD JEFF KIEL 2411716 false X WWW.PROMISEINBREVARD.COM X 2009 FL PROMISE, INC. WAS ESTABLISHED TO DEVELOP HOUSING & OTHER SERVICES FOR INDIVIDUALS WITH DISABILITIES. 10 10 71 75 0 717570 646091 335700 278536 210 306245 569193 869277 1622673 2100149 0 0 932976 1009901 0 204903 578661 717274 1511637 1727175 111036 372974 6433765 5412626 1604592 210479 4829173 5202147 X TO PROVIDE A MUCH NEEDED HOUSING OPTION FOR ADULTS WITH SPECIAL NEEDS THAT INCLUDES VOCATIONAL TRAINING, EMPLOYMENT, HEALTH, WELLNESS AND FITNESS, AS WELL AS DEVELOP PUBLIC/PRIVATE PARTNERSHIPS THAT WILL HELP MINIMIZE THE NEED FOR STATE FUNDING. false false 1249956 278536 1. OVER 50 RESIDENTS WITH VARYING DISABILITIES FOUND WORK WITH 35 DIFFERENT BUSINESSES WITHIN THE COMMUNITY, WITH THE MAJORITY WORKING WITH OUR EMPLOYMENT SPECIALISTS. 2. CONSTRUCTION WAS COMPLETED ON THE PROMISE CAF & BAKERY AT THE END OF 2019, AND IT OPENED IN FEBRUARY 2020. SHORTLY AFTER OPENING, THE CAF AND BAKERY WAS FORCED TO CLOSE DUE TO THE CLOSURE OF THE WEST MELBOURNE COMMUNITY PARK. AVES' PLACE ICE CREAM OPENED ITS DOORS ON SEPTEMBER 1,2020. 1249956 true true false false false false false false false false true false false true true true false true false false false false false false true false false false false true false false false false false false false false true false false false false true true false false false true 27 0 true 71 true false false false false false false false false false false false false false false X 10 10 false false false false false false false true true false false true true true true false false true false true true FL X MARY GRIFFIN 3217227400 4105 NORFOLK PARKWAY WEST MELBOURNE FL 32904 JEFF KIEL CEO 40.00 X 150000 0 32500 CINDY DROPESKI DIRECTOR 2.00 X 0 0 0 MIKE DURANTE TREASURER 2.00 X X 0 0 0 DUDLEY GARNER DIRECTOR 2.00 X 0 0 0 TERRY L LOCKE VICE CHAIR 2.00 X X 0 0 0 MARGARET LOHAN-AVALOS DIRECTOR 2.00 X 0 0 0 RUSTY MELLE DIRECTOR 2.00 X 0 0 0 DR LORI D NELSON CHAIR 2.00 X X 0 0 0 FRANK J VEGA DIRECTOR 2.00 X 0 0 0 MASON WILLIAMS DIRECTOR 2.00 X 0 0 0 LYNN WILSON SECRETARY 2.00 X X 0 0 0 150000 32500 1 false true false 646091 129312 646091 RESIDENT COMMUNITY PROGRAM 624310 278536 278536 278536 5769 5769 300476 300476 300476 300476 509995 99104 410891 413576 212463 201113 201113 MISC INCOME 900099 257273 257273 257273 2100149 1037398 5769 902626 664464 171074 67088 107275 70486 26426 10363 44743 14774 28600 1369 8079 1812 4488 1779 15285 10933 3932 420 31059 31059 105779 103980 1799 1131 1131 12470 12470 97201 81420 15781 110880 110880 SUPPLIES 168298 40578 8137 119583 PROGRAM EXPENSES 56991 54165 2826 REPAIRS AND MAINTENANCE 35328 35137 191 BANK SERVICES CHARGES 17085 15158 1927 12945 2640 9730 575 1727175 1249956 272316 204903 859387 1065877 1097 11497 32268 41618 14047 10349 1930658 358222 2912869 1572436 435718 425817 2178379 2285032 6433765 5412626 57820 69697 111500 7375 1350000 76810 29122 8462 104285 1604592 210479 X 4597220 4908669 231953 293478 4829173 5202147 6433765 5412626 372974 X false true X true false X 1715422 977505 872579 717570 646091 4929167 2961766 1049959 970976 1149158 1459380 7591239 4677188 2027464 1843555 1866728 2105471 12520406 12520406 1 354 1311 5769 7435 1 354 1311 5769 7435 916 916 4678104 2027465 1843909 1868039 2111240 12528757 0.99930 0.99980 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 75691 75691 157670 157670 1697297 358222 1339075 1572436 OPERATING RESERVE 705723 GUARANTOR RESERVE 694277 DEVELOPER FEES RECEIVABLE 593152 DUE FROM OTHERS 118674 OPERATING LEASE ROU ASSET 95792 DUE FROM PROMISE IN BREVARD 77414 2285032 CP OF OPERATING LEASE LIABILITIES 97107 OBLIGATION UNDER CAPITAL LEASE 7178 104285 X 2164509 64360 64360 2100149 2100149 1791535 64360 64360 1727175 1727175 SCHEDULE D, PAGE 3, PART X PROMISE IS A CHARITABLE ORGANIZATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONSTRIBUTIONS AS PROVIDED IN SECTION 170(B)(A)(VI). PIBM AND PROMISE IN BREVARD DEVELOPMENT, LLC ARE LIMITED LIABILITY COMPANIES THAT ARE DISREGARDED ENTITIES FOR FEDERAL AND STATE INCOME TAX PURPOSES. THEIR ACTIVITIES ARE REPORTED BY PROMISE. THE ORGANIZATION UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITIUON, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF DECEMBER 31, 2022 AND 2021, THE ORGANIZATION HAS NO UNCERTAIN TAX PROVISIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. DIAMOND ROYALE 169355 169355 26096 1950 34296 PING PONG PALOO 95160 95160 3500 5540 1625 12738 1 60925 60925 1581 300 11478 325440 325440 3500 33217 3875 58512 99104 226336 X false false false false false false false false false JEFF KIEL CEO 150000 32500 182500 X 129312 X IT SERVICES 1 FMV X CATERING 1 COST false false false FORM 990 - ORGANIZATION'S MISSION TO PROVIDE A MUCH NEEDED HOUSING OPTION FOR ADULTS WITH SPECIAL NEEDS THAT INCLUDES VOCATIONAL TRAINING, EMPLOYMENT, HEALTH, WELLNESS AND FITNESS, AS WELL AS DEVELOP PUBLIC/PRIVATE PARTNERSHIPS THAT WILL HELP MINIMIZE THE NEED FOR STATE FUNDING. FORM 990, PAGE 6, PART VI, LINE 11B EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY MEET TO REVIEW THE ORGANIZATION'S TAX RETURN BEFORE FINAL FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, LINE 12C IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE THE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PAGE 6, PART VI, LINE 15A A VOTING MEMBER OF THE GOVERNING BOARD WHO RECEIVES COMPENSATION, DIRECTLY OR INDIRECTLY, FROM THE ORGANIZATION FOR SERVICES IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THE MEMBER'S COMPENSATION. THE ORGANIZATION SHALL DO PERIODIC REVIEWS TO DETERMINE COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY ACCESSING THE ORGANIZATION'S WEBSITE, SELECTING THE 'CONTACT' TAB AND REQUESTING DOCUMENTS THROUGH EMAIL. PROMISE IN BREVARD MEMBER LLC 4105 NORFOLK PARKWAY WEST MELBOURNE FL 32904 462780682 MANAGEMENT FL N/A true false false false false false false false false false false false false false false false false false false false