Nonprofit · EIN 75-2715357
SHELTERING PALMS FOUNDATION INC
Tax-exempt · BOCA RATON, FL 33496
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $443,229 | $1,109,480 | -$666,251 | $6,914,261 | $5,076 | $6,909,185 |
| December 31, 2023 | 990 | $259,861 | $681,710 | -$421,849 | $7,962,269 | $4,604 | $7,957,665 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $443,229
- Net gain from sales of assets
- $417,619
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $29,520
- Compensation of officers, directors and key employees
- $395,000
- Salaries, compensation and benefits (total)
- $445,365
- Professional fundraising fees
- $0
- Legal fees
- $43,910
- Accounting fees
- $3,700
- Travel
- $9,940
- Depreciation
- $847
- Program services (functional)
- $1,061,870
- Management and general (functional)
- $47,610
Balance sheet and other
- Total assets, start of year
- $7,962,269
- Total assets, end of year
- $6,914,261
- Total liabilities, end of year
- $5,076
- Net assets, end of year
- $6,909,185
- Publicly traded securities
- $1,359,305
- Net assets without donor restrictions
- $6,909,185
- Gross receipts
- $1,040,846
- Employees
- 2
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANTHONY J FLAIM | DIRECTOR Trustee or director, Officer | 20 | $245,000 |
| HARVEY J POLLY | PRESIDENT Trustee or director, Officer | 16 | $150,000 |
| JEFFREY POLLY | DIRECTOR Trustee or director | 1 | $0 |
| JUDITH S POLLY | DIRECTOR Trustee or director | 1 | $0 |
| THERESA FLAIM POLLY | DIRECTOR Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANTHONY J FLAIM | DIRECTOR Trustee or director, Officer | 20 | $224,167 |
| HARVEY J POLLY | PRESIDENT Trustee or director, Officer | 16 | $191,666 |
| JEFFREY POLLY | DIRECTOR Trustee or director | 1 | $0 |
| JUDITH S POLLY | DIRECTOR Trustee or director | 1 | $0 |
| THERESA FLAIM POLLY | DIRECTOR Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2378 NW 60TH ST, BOCA RATON, FL 33496-3606
- Principal officer (990 for 2024)
- HARVEY J POLLY, 2378 NW 60TH STREET, BOCA RATON, FL 33496
- Signed the 990
- HARVEY J POLLY, PRESIDENT
- Phone
- (850) 796-3100
- Return prepared by
- MADDOX & ASSOCIATES APC
Mission
PROVIDE HOUSING TO LOW AND MODERATE INCOME PERSONS AND FAMILIES
Program accomplishments
- OPERATED AND LEASED APARTMENT UNITS TO LOW AND MODERATE INCOME PERSONS AND FAMILIES AT APARTMENT COMPLEXES IN THE UNITED STATES.Expenses $1,061,870 · grants $29,520
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 75-2715357
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L200)
- Assets (IRS master file)
- $6,914,261
- Income (IRS master file)
- $1,040,846
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $443,229 | $1,109,480 | $6,914,261 | IRS |
| 990 | December 2023 | $259,861 | $681,710 | $7,962,269 | XML |
| 990 | December 2022 | $48,584 | $884,554 | $8,649,930 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 75-2715357).
Questions about SHELTERING PALMS FOUNDATION INC
- What is the EIN of SHELTERING PALMS FOUNDATION INC?
- The employer identification number (EIN) of SHELTERING PALMS FOUNDATION INC is 75-2715357.
- Is SHELTERING PALMS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to SHELTERING PALMS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SHELTERING PALMS FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SHELTERING PALMS FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SHELTERING PALMS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SHELTERING PALMS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names HARVEY J POLLY.
- Who are the officers and directors of SHELTERING PALMS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 2 received compensation from the organization, the highest $245,000 (ANTHONY J FLAIM, DIRECTOR).
- How much revenue does SHELTERING PALMS FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $443,229, expenses of $1,109,480 and total assets of $6,914,261 at year end.
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