ABILITIES REHABILITATION CENTER FOUNDATION INC

EIN: 592293228 501(c)(3)

CLEARWATER, FL

Total Revenue
$282,946
Total Expenses
$693,921
Total Assets
$2,292,224
Net Assets
$2,229,655
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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
JOSEPH J SOROTA JR
Phone
7275387370
Tax Period
2018-07-01 to 2019-06-30

ABILITIES REHABILITATION CENTER FOUNDATION INC, founded in 1983, is a small nonprofit that reported $283K in total revenue in fiscal year 2018. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $694K exceeded revenue, resulting in a 145% operating deficit.

Mission

THE MISSION OF THE ABILITIES FOUNDATION IS TO SUPPORT THE NEEDS OF PEOPLE WITH DISABILITIES THROUGH GAINFUL EMPLOYMENT, AFFORDABLE HOUSING, INDEPENDENT LIVING, RECREATIONAL/CULTURAL RESOURCES, ADVOCACY HEALTH, AND ACCESSIBLE MARKETPLACES.

Program Service Accomplishments

Program 1
Expenses: $687,959

THE ABILITIES FOUNDATION IS A 501(C)(3) ORGANIZATION THAT WAS ESTABLISHED TO RAISE MONEY AND SUPPORT COMMUNITY EDUCATION AND OUTREACH ON BEHALF OF PEOPLE WITH DISABILITIES. THE ABILITIES FOUNDATION...

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THE ABILITIES FOUNDATION IS A 501(C)(3) ORGANIZATION THAT WAS ESTABLISHED TO RAISE MONEY AND SUPPORT COMMUNITY EDUCATION AND OUTREACH ON BEHALF OF PEOPLE WITH DISABILITIES. THE ABILITIES FOUNDATION RAISES MONEY IN SUPPORT OF ABILITIES, INC. OF FLORIDA. ABILITIES, INC. OF FLORIDA IS A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION WITH A MISSION TO FACILITATE SERVICES AND PARTNERSHIPS TO SUPPORT PEOPLE WITH DISABILITIES, THEIR FAMILIES, THEIR CAREGIVERS AND COMMUNITY MEMBERS IN ORDER TO BUILD MORE INCLUSIVE COMMUNITIES.ABILITIES, INC. OF FLORIDA PROVIDES THE FOLLOWING PROGRAMS AND SERVICES:- VOCATIONAL REHABILITATION CORE SERVICES PROVIDING EMPLOYMENT SERVICES TO INCLUDE JOB DEVELOPMENT, SUPPORTED AND AFFIRMATIVE EMPLOYMENT FOR MORE THAN 14,050 INDIVIDUALS IN FY19.- A FULL RANGE OF REHABILITATION AND EMPLOYMENT SUPPORTS INCLUDING VOCATIONAL EVALUATION, WORK ADJUSTMENT TRAINING, JOB COACHING, SUPPORTED EMPLOYMENT AND SPECIALIZED PROGRAMS. COMMUNITY BASED EMPLOYMENT SERVICES WERE PROVIDED TO MORE THAN 1,500 INDIVIDUALS IN FY19.- WARRIOR BRIDGE PROVIDING DIRECT EMPLOYMENT, JOB PLACEMENT, HOUSING SERVICES AND THE WARRIOR BRIDGE VETERANS MALL, WHICH PROVIDES NECESSARY HOUSEHOLD ITEMS AND BUSINESS CLOTHING AT NO COST FOR WOUNDED VETERANS AND THEIR FAMILIES. - HIGH SCHOOL HIGH TECH YOUTH TRANSITION PROGRAM, IS A COMMUNITY-BASED PARTNERSHIP THAT PROVIDES HIGH SCHOOL STUDENTS WITH DISABILITIES THE OPPORTUNITY TO EXPLORE JOBS AND POST-SECONDARY EDUCATION LEADING TO TECHNOLOGY-RELATED CAREERS. - WORK INCENTIVE PLANNING AND ASSISTANCE PROVIDING BENEFITS COUNSELING AND WORK INCENTIVE COUNSELING. - PRE-EMPLOYMENT TRANSITION SERVICES, TO PREPARE STUDENTS WITH DISABILITIES TO TRANSITION INTO THE WORKFORCE OR CONTINUING EDUCATION AFTER GRADUATION.- OPPORTUNITY CALLS, A CONTACT CENTER AND CUSTOMER SERVICE TRAINING PROGRAM, CREATES EMPLOYMENT OPPORTUNITIES AND PROVIDES CAREER-TRACK TRAINING FOR VETERANS AND PEOPLE WITH DISABILITIES.- HOMES FOR INDEPENDENCE PROVIDING AFFORDABLE, ACCESSIBLE AND SAFE HOUSING FOR PERSONS WITH LOW INCOMES AND/OR DISABILITIES.- INTERPRETER SERVICES COORDINATES INTERPRETER SERVICES FOR PEOPLE WHO ARE DEAF AND SUPPORTS LOCAL VOCATIONAL REHABILITATION OFFICES WITH ON-SITE, STAFFED INTERPRETERS THROUGH A CONTRACT WITH THE FLORIDA DIVISION OF VOCATIONAL REHABILITATION.

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Trantor Score

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

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $159,166
Program Service Revenue $0
Investment Income $123,780
Other Revenue $0
TOTAL REVENUE $282,946

Expense Breakdown

Grants Paid $687,959
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $687,959
Other Expenses $5,962
TOTAL EXPENSES $693,921

Year-over-Year Comparison

2018 2017 Change
Revenue $282,946 $398,025 -0.3%
Expenses $693,921 $3,131,229 -0.8%
Net Income $-410,975 $-2,733,204 -0.8%
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
4
Independent Members
4
Employees
N/A
Volunteers
284

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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD B WINNING CHAIRMAN & TRUSTEE 1.00
Officer Director
$0 $0 $0
JOSEPH J SOROTA JR SECRETARY & TRUSTEE 1.00
Officer Director
$0 $0 $0
FRANK BURKE TRUSTEE 1.00
Director
$0 $0 $0
LESLIE A RUBIN TRUSTEE 1.00
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
2019 $282,946 $693,921 $2,292,224 $-410,975
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