PALATKA RETIREMENT VILLAS INC

EIN: 592147710 501(c)(3)

JACKSONVILLE, FL

Total Revenue
$1,020,623
Total Expenses
$885,468
Total Assets
$915,266
Net Assets
$-1,291,384
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
FL
Principal Officer
ALMA C BALLARD
Phone
9046321255
Tax Period
2025-01-01 to 2025-12-31

PALATKA RETIREMENT VILLAS INC, founded in 1983, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2025. Expenses of $885K left a modest 13% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE ELDERLY AND DISABLED LOW INCOME PERSONS WITH HOUSING FACILITIES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS.

Program Service Accomplishments

Program 1
Expenses: $823,784

PROVIDE ELDERLY AND DISABLED LOW INCOME PERSONS WITH HOUSING FACILITIES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,021,769
Investment Income $-1,146
Other Revenue $0
TOTAL REVENUE $1,020,623

Expense Breakdown

Grants Paid $0
Salaries & Benefits $242,434
Fundraising Expenses $0
Program Expenses $823,784
Other Expenses $643,034
TOTAL EXPENSES $885,468

Year-over-Year Comparison

2025 2024 Change
Revenue $1,020,623 $972,855 +0.0%
Expenses $885,468 $940,369 -0.1%
Net Income $135,155 $32,486 +3.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
8
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$93,013
Total Directors
9
$93,013
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALMA C BALLARD SEC/TREAS 5.00
Officer Director
$0 $0 $93,013
THERESA BRAUMAN DIRECTOR 2.00
Director
$0 $0 $0
CAROL BURRIDGE PRESIDENT 2.00
Officer Director
$0 $0 $0
WILHELMINA CLAY VICE PRESIDE 2.00
Officer Director
$0 $0 $0
RICHARD A CARR DIRECTOR 2.00
Director
$0 $0 $0
SHIRLEY DAVIS DIRECTOR 2.00
Director
$0 $0 $0
PASTOR EDWARD DAVIS DIRECTOR 2.00
Director
$0 $0 $0
ANITA HASSELL EX OFFICIO 2.00
Director
$0 $0 $0
LAKESHA SESSION DIRECTOR 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,020,623 $885,468 $915,266 $135,155
2024 $972,855 $940,369 $935,204 $32,486
2023 $937,625 $966,918 $963,520 $-29,293
2022 $892,264 $914,073 $1,036,606 $-21,809
2021 $888,760 $950,827 $1,125,801 $-62,067
2020 $875,768 $909,721 $1,266,740 $-33,953
2019 $863,331 $848,509 $1,398,006 $14,822
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