2020-11-16T10:11:48-06:00 2019-12-31 591152714 BERMAN HOPKINS WRIGHT LAHAM CPAS & ASSOC 8035 SPYGLASS HILL RD MELBOURNE FL 32940 990 2019-01-01 900520600 PROMISE INC PROM 3217227400 4105 NORFOLK PARKWAY WEST MELBOURNE FL 32904 NAN EVANS CPA CEO 3217227400 2020-11-16 true MICHAEL R DURANTE CPA P00525773 3217572020 2020-11-12 64.88.174.3 2020-11-16 10:11:48 CS P 45E859579D235099797C2829F05D4FE7DFFF4FF6 80FB26490142A8633C1D9CD5205B9C65FF1683AE 2019 2021-01-29 14:40:06Z PROMISE IN BREVARD NAN EVANS CPA 2035600 false X WWW.PROMISEINBREVARD.COM X 2009 FL PROMISE, INC. WAS ESTABLISHED TO DEVELOP HOUSING & OTHER SERVICES FOR INDIVIDUALS WITH DISABILITIES. 8 7 70 100 0 1715422 977505 2397127 414171 -42262 -77977 327488 399975 4397775 1713674 0 0 1222136 946323 0 77575 660938 468187 1883074 1414510 2514701 299164 6048485 6082357 1879681 1614389 4168804 4467968 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 1155615 414171 1. PROVIDED VOCATIONAL TRAINING TO OVER 57 ADULTS WITH SPECIAL NEEDS FOR OVER 5,030 HOURS. 2. OVER 50 RESIDENTS WITH VARYING DISABILITIES FOUND WORK WITH 35 DIFFERENT BUSINESSES WITHIN THE COMMUNITY, WITH THE MAJORITY WORKING WITH OUR EMPLOYMENT SPECIALIST 3. CONSTRUCTION WAS COMPLETED ON THE PROMISE CAF & BAKERY AT THE END OF 2019, AND IT OPENED IN FEBRUARY 2020. 1155615 true true false false false false false false false false true false false true false true false true false false false false false false true false false false false false false false false true false false false false true false false false false true true false false false true 20 0 true 70 true false false false false false false false false false false false false false false X 8 7 false false false false false false false true true false false true true true true false false true false true true FL X NAN EVANS CPA 3217227400 4105 NORFOLK PARKWAY WEST MELBOURNE FL 32904 NAN EVANS CPA CEO 40.00 X 109290 0 0 MIKE DURANTE TREASURER 2.00 X X 0 0 0 LYNN FACOMPRE SECRETARY 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 DR LORI D NELSON CHAIR 2.00 X X 0 0 0 BLAKE STEWART DIRECTOR 2.00 X 0 0 0 FRANK J VEGA DIRECTOR 2.00 X 0 0 0 109290 1 false false false 977505 192928 977505 LIFE ENRICHMENT FEE 624310 295804 295804 VOCATIONAL REHABILITATION 624310 118367 118367 414171 1 1 8135 86113 -77978 -77978 -77978 122707 33547 89160 396315 202266 194049 194049 MISC INCOME 900099 116766 116766 116766 1713674 647008 1 109290 82100 19531 7659 754377 566699 134811 52867 82656 60255 16091 6310 31211 27553 3050 608 3492 744 2748 10464 6000 3848 616 22034 22034 67178 67178 16901 16862 39 39069 39069 41092 41092 82229 82229 PROGRAM EXPENSES 90393 90200 193 REPAIRS AND MAINTENANCE 32618 32583 35 SUPPLIES 15260 9077 6183 BANK SERVICES CHARGES 12052 11438 30 584 4194 502 3692 1414510 1155615 181320 77575 573957 410385 34882 46240 100065 34353 10936 21776 1497777 130783 1363704 1366994 379365 379365 1495515 1654402 2090061 2168842 6048485 6082357 293431 120433 1350000 1350000 186250 143956 50000 1879681 1614389 X 2300132 2216951 1868672 2251017 4168804 4467968 6048485 6082357 299164 X false true X true false X 520781 849486 1426355 1715422 977505 5489549 400426 623016 670973 2961766 1049959 5706140 921207 1472502 2097328 4677188 2027464 11195689 11195689 1 1 1 1 916 916 921207 1472502 2097328 4678104 2027465 11196606 0.99990 0.99990 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1245400 1245400 62409 62409 76873 76873 113095 130783 -17688 1366994 OPERATING RESERVE 705723 GUARANTOR RESERVE 694277 DEVELOPER FEES RECEIVABLE 593152 DUE FROM OTHERS 90885 DUE FROM PROMISE IN BREVARD 73584 OTHER ASSETS 11221 2168842 X 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 CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(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 DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF DECEMBER 31, 2019 AND 2018, THE ORGANIZATION HAS NO UNCERTAIN TAX PROVISIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. CASINO NIGHT 57779 57779 20681 FASHION SHOW 31055 31055 3718 2 26494 26494 5905 115328 115328 30304 30304 85024 VIERA COMMERCE PARK LLC RELATED TO DIRECTOR REAL ESTATE X 1070000 1070000 false true true FRANK J VEGA DIRECTOR FUND OPERATIONS OF THE ORGANIZATION X 1000000 280000 false true true 1350000 SCHEDULE L, PART V THE ORGANZIZATION USES TD BANK FOR FOR ITS BANKING SERVICES. TERRY L. LOCKE, DIRECTOR, IS ASSOCIATED WITH TD BANK. X 192928 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