2025-11-14T14:26:48-06:00 2024-12-31 994625061 CRI ADVISORS LLC 7506 LYNX WAY SUITE 201 MELBOURNE FL 32940 990 2024-01-01 900520600 PROMISE INC PROM 3217227400 4105 NORFOLK PARKWAY WEST MELBOURNE FL 32904 JEFF KIEL PRESIDENT & CEO 3217227400 2025-11-11 1 1 ROMAN G CARRAWAY CPA P00448173 3212550088 2025-11-11 2024 2025-03-06 01:10:19Z PROMISE IN BREVARD JEFF KIEL 4105 NORFOLK PARKWAY WEST MELBOURNE FL 32904 2082973 0 X WWW.PROMISEINBREVARD.COM X 2009 FL PROMISE INC. EXISTS TO FOSTER AND CREATE AFFORDABLE HOUSING AND SUPPORT SERVICES FOR INDIVIDUALS WITH DISABILITIES AND OTHER SPECIAL NEEDS, CREATING AN INCLUSIVE, REPLICABLE MODEL. THE HOUSING DEVELOPMENT IS LOCATED IN BREVARD COUNTY, FLORIDA, SERVING ADULTS WITH DISABILITIES, PROVIDING THEM WITH A COLLEGE-LIKE EXPERIENCE; INCLUDING VOCATIONAL OPPORTUNITIES WITH ON-SITE TRAINING AND CONTINUING EDUCATION. THE ORGANIZATION ALSO OPERATES A THRIFT STORE AND CAFETERIA AND PROVIDES VOCATIONAL OPPORTUNITIES TO POTENTIAL RESIDENTS OF THE HOUSING DEVELOPMENT. 11 11 67 75 0 0 936333 896862 307852 280128 125825 65991 556134 340921 1926144 1583902 0 0 0 0 1114681 999500 0 0 81139 584727 469804 1699408 1469304 226736 114598 5531883 5619299 88018 63869 5443865 5555430 X PROMISE, INC. IS A 501(C)3 NONPROFIT ORGANIZATION ESTABLISHED IN 2009 THAT WAS DESIGNED TO PROVIDE AFFORDABLE, INDEPENDENT HOUSING FOR INDIVIDUALS WITH COGNITIVE AND PHYSICAL DISABILITIES UTILIZING PUBLIC AND PRIVATE PARTNERSHIPS TO DEVELOP A MODEL COMMUNITY. 0 0 1142643 480305 PROMISE'S RESIDENT COMMUNITY PROGRAM - INCORPORATES A VARIETY OF PROGRAMS AND SERVICES THAT SEEK TO PROVIDE A FULFILLING LIFE FOR EACH OF ITS RESIDENTS. THE RESIDENT COMMUNITY PROGRAM (RCP) INCLUDES VOCATIONAL TRAINING AND EMPLOYMENT OPPORTUNITIES; TRANSPORTATION SERVICES; INDEPENDENT LIVING COURSES; HEALTH, FITNESS AND NUTRITION CLASSES. THE RESIDENTS PARTICIPATING IN THE RCP HAVE MORE THAN 60 ACTIVITIES PER WEEK TO CHOOSE FROM.PROMISE TREASURES THRIFT SHOPPE - OPENED IN OCTOBER 2013, IS THE PROMISE TREASURES THRIFT SHOPPE, LOCATED IN WEST MELBOURNE, FLORIDA. THE ORGANIZATION CURRENTLY HAS EIGHT RESIDENTS ON THE PAYROLL AT TREASURES AND PROVIDE VOCATIONAL TRAINING FOR ANOTHER 30 YOUNG ADULTS WITH SPECIAL NEEDS AND OPERATE WITH THE HELP OF MORE THAN 40 COMMUNITY VOLUNTEERS. TREASURES OFFERS A VARIETY OF BOUTIQUE AND FURNITURE ITEMS, HOME DECOR, ELECTRONICS, HOLIDAY ITEMS, HANDMADE SOY CANDLES, ALL-NATURAL DOGGIE TREATS AND MORE TO CUSTOMERS. IN MID-DECEMBER 2023, THE ORGANIZATION RENAMED THE THRIFT SHOPPE TO TREASURES BOUTIQUE AND RELOCATED OPERATIONS TO THE CAFE AND BAKERY INSIDE AVES' PLACE. 1142643 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 1 26 0 1 67 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 1 1 FL X MARY GRIFFIN 3217227400 4105 NORFOLK PARKWAY WEST MELBOURNE FL 32904 DR LORI D BRADSTREET CHAIR 2.00 X X 0 0 0 WAYNE COOPER TREASURER 2.00 X X 0 0 0 FRANK J VEGA DIRECTOR 2.00 X 0 0 0 MELISSA DUGAS DIRECTOR 2.00 X 0 0 0 MARGARET LOHAN-AVALOS DIRECTOR 2.00 X 0 0 0 LYNN WILSON SECRETARY 2.00 X X 0 0 0 CINDY DROPESKI DIRECTOR 2.00 X 0 0 0 MASON WILLIAMS DIRECTOR 2.00 X 0 0 0 HAROLD EDWARD RUSTY MELLE DIRECTOR 2.00 X 0 0 0 DAVID LAZEAR DIRECTOR 2.00 X 0 0 0 SCOTT BUESCHER DIRECTOR 2.00 X 0 0 0 JEFF KIEL CEO 40.00 X 161254 0 7507 161254 0 7507 1 0 1 0 0 259767 14222 622873 74245 896862 RESIDENT COMMUNITY PRO 624310 244102 244102 CATERING INCOME 624310 36026 36026 280128 65296 65296 6486 0 6486 6486 6486 100000 99305 695 695 695 332163 259767 191419 140744 140744 293438 208347 85091 85091 PIB - RESIDENCE SERVIC 900099 84000 84000 MAIL FULFILLMENT 900099 22711 22711 MISCELLANEOUS INCOME 900099 1889 1889 108600 1583902 480305 0 206735 163453 53939 53940 55574 731169 622277 102943 5949 8294 5544 1983 767 65677 43904 15700 6073 30907 20661 7388 2858 1720 1720 23700 23700 16663 12658 3074 931 13735 11358 1705 672 9832 5015 4817 43536 43536 31929 27269 4660 515 515 75390 69605 5785 49199 49199 REPAIRS AND MAINTENANCE 77458 77458 SUPPLIES 54584 45203 7466 1915 PROGRAM EXPENSES 30375 29170 1205 BANK SERVICE CHARGES 15447 14939 508 25721 8673 15816 1232 1469304 1142643 245522 81139 41688 147655 971953 1034330 50897 51180 88545 88545 4685 4329 29929 41039 1991131 509519 1541416 1481612 432606 437637 2370164 2332972 5531883 5619299 74761 59685 7500 0 5757 4184 88018 63869 X 5154472 5085405 289393 470025 5443865 5555430 5531883 5619299 114598 -3033 0 X X 0 1 X 1 0 X 872579 717570 646091 936333 896862 4069435 970976 1149158 1459380 994389 905729 5479632 1843555 1866728 2105471 1930722 1802591 9549067 45550 49450 46150 56050 49942 247142 200083 37601 199806 66454 287045 790989 245633 87051 245956 122504 336987 1038131 8510936 354 1311 5769 180107 71782 259323 354 1311 5769 180107 71782 259323 303828 108600 412428 1843909 1868039 2111240 2414657 1982973 10220818 0.83270 0.95210 0.02540 0.01830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 53241 290000 5092 348333 46452 6789 53241 56353 -9901 46452 51580 4773 56353 50000 1580 51580 0.17000 0.83000 1 0 1584202 248156 1336046 72314 54603 17711 334615 206760 127855 1481612 INVESTMENT IN LLC 379365 C BENEFICIAL INTEREST IN COMMUNITY FOUNDATION FOR BREVARD 58272 C 437637 OPERATING RESERVE 705723 GUARANTOR RESERVE 694277 DEVELOPER FEES RECEIVABLE 740465 DUE FROM OTHERS 115093 DUE FROM PROMISE IN BREVARD 77414 2332972 FINANCE LEASE LIABILITIES 4184 4184 X 2065231 -3033 109096 375266 481329 1583902 0 1583902 1953666 109096 375266 484362 1469304 0 1469304 PART V, LINE 4: THE ORGANIZATION RECEIVED AN UNRESTRICTED DONATION OF $50,000 AND HAD TRANSFERRED ASSETS TO THE BREVARD COMMUNITY FOUNDATION (THE "FOUNDATION") ON OCTOBER 7, 2020, WHICH IS HOLDING THEM AS AN ENDOWED COMPONENT FUND (THE "FUND") FOR THE BENEFIT OF THE ORGANIZATION. ITS ENDOWMENT INCLUDES FUNDS DESIGNATED BY THE BOARD OF DIRECTORS. ON OCTOBER 22, 2024, THE ORGANIZATION ESTABLISHED THE PROMISE IN BREVARD LEGACY ENDOWMENT. THE INTENT, AND NECESSITY, OF THE PROMISE IN BREVARD LEGACY ENDOWMENT IS TO BUILD ASSETS FOR THE LONGTERM, WHICH WILL GENERATE INCOME TO PROVIDE FUNDING SUPPORT IN PERPETUITY FOR YEARS TO COME. ITS ENDOWMENT INCLUDES FUNDS WITH DONOR RESTRICTIONS. PART X, LINE 2: 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, 2023 AND 2024, THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSESS DEDUCTED AGAINST REVENUE 166,919. THRIFT SHOP COGS NETTED AGAINST REVENUE 54,406. FOOD COGS NETTED AGAINST REVENUE 153,941. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES DEDUCTED AGAINST REVENUES 166,919. THRIFT SHOP COGS NETTED AGAINST REVENUE 54,406. FOOD COGS NETTED AGAINST REVENUE 153,941. DIAMOND ROYALE 188480 25250 163230 28229 27506 18245 29233 RUNWAY OF DREAMS 302650 223710 78940 7664 2063 5752 41665 1 73802 10807 62995 16437 1300 7395 564932 259767 305165 52330 29569 25297 78293 185489 119676 X 0 0 0 0 0 0 0 0 0 JEFF KIEL CEO 150000 0 11254 0 0 0 4915 0 2592 0 168761 0 0 0 X 48872 THRIFT STORE VALUE X EVENT GOODS 0 24500 FAIR MARKET VALUE X AUCTION ITEMS 2 690 FAIR MARKET VALUE X AVES' PLACE DECOR DONATION 1 183 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990: 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, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY: 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, PART VI, SECTION B, LINE 15A COMPENSATION PROCESS FOR TOP OFFICIAL: 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, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION: 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. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE IN THE PROCESSES SINCE THE PRIOR YEAR. PROMISE IN BREVARD DEVELOPMENT LLC 4105 NORFOLK PARKWAY WEST MELBOURNE FL 32904 900520600 HOUSING DEVELOPER FL 0 0 PROMISE IN BREVARD MEMBER LLC 4105 NORFOLK PARKWAY WEST MELBOURNE FL 32904 462780682 REAL ESTATE HOLDING COMPANY FL 0 0