DAYSTAR LIFE CENTER INC

EIN: 650523539 501(c)(3) Human Services

ST PETERSBURG, FL

Total Revenue
$2,340,671
Total Expenses
$2,596,224
Total Assets
$4,238,450
Net Assets
$4,157,392
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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
FL
Principal Officer
HEIDE CORNELL
Phone
7278250442
Tax Period
2023-09-01 to 2024-08-31

DAYSTAR LIFE CENTER INC, founded in 1982, is a community nonprofit in the Human Services sector that reported $2.3M in total revenue in fiscal year 2023. Expenses of $2.6M exceeded revenue, resulting in a 11% operating deficit.

Mission

WE FIGHT HUNGER, POVERTY, AND HOPELESSNESS BY PROVIDING NECESSITIES OF LIFE TO NEIGHBORS IN NEED. WE ENGAGE, EDUCATE, AND EMPOWER THE COMMUNITY BY PROMOTING THE VALUE OF NUTRITION, GOOD HEALTH AND FINANCIAL LITERACY.

Program Service Accomplishments

Program 1
Expenses: $1,695,392

ADDRESSING FOOD INSECURITY: DAYSTAR'S CLIENT CHOICE HEALTHY PANTRY AND ORGANIC FARM IS OPEN 5 DAYS PER WEEK AND THE FIRST AND SECOND SATURDAYS OF THE MONTH AND PROVIDES NUTRITIOUS FOOD FOR OVER...

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ADDRESSING FOOD INSECURITY: DAYSTAR'S CLIENT CHOICE HEALTHY PANTRY AND ORGANIC FARM IS OPEN 5 DAYS PER WEEK AND THE FIRST AND SECOND SATURDAYS OF THE MONTH AND PROVIDES NUTRITIOUS FOOD FOR OVER 26,000 LOW TO MODERATE INCOME PINELLAS COUNTY RESIDENTS, WHICH IS 25% OF THE COUNTY'S FOOD INSECURE HOUSEHOLDS. OUR FARM YIELDS OVER TWO TONS OF PRODUCE ANNUALLY. IN ADDITION TO FOOD, THE PANTRY PROVIDES HIGH-COST BASIC HYGIENE NEEDS TO STRUGGLING FAMILIES SUCH AS CLOTHING, DIAPERS, FEMININE HYGIENE, INCONTINENT PRODUCTS, BODY WASH, LAUNDRY SOAP,AND PET FOOD.

Program 2
Expenses: $648,742

FINANCIAL STABILITY & HOMELESSNESS PREVENTION: DAYSTAR ADDRESSES FINANCIAL INSTABILITY FOR FAMILIES WHO HAVE EXPERIENCED A RECENT FINANCIAL TRAUMA AND ARE AT RISK OF HOMELESSNESS. OUR PROGRAMS...

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FINANCIAL STABILITY & HOMELESSNESS PREVENTION: DAYSTAR ADDRESSES FINANCIAL INSTABILITY FOR FAMILIES WHO HAVE EXPERIENCED A RECENT FINANCIAL TRAUMA AND ARE AT RISK OF HOMELESSNESS. OUR PROGRAMS PROVIDE SHORT-TERM GAP SERVICE, SUCH AS RENT AND UTILITY ASSISTANCE WHILE SIMULTANEOUSLY PARTNERING WITH THE HOUSEHOLD MEMBERS TO GUIDE THEM THROUGH FINANCIAL LITERACY AND PERSONALIZED EMPOWERMENT ACTIVITIES THAT WILL HELP THEM CREATE A SAFETY NET AND GIVE THEM THE KNOWLEDGE, TOOLS, AND CONFIDENCE REQUIRED TO ACHIEVE FINANCIAL STABILITY. DAYSTAR HAS ACHIEVED A 63% RE-STABILIZATION SUCCESS RATE,MEANING 5 OUT OF EVERY 8 HOUSEHOLDS HAVE BEEN ABLE TO EXIT FINANCIAL CRISIS MODE WITHIN 12 MONTHS.

Program 3
Expenses: $34,614

FINANCIAL LITERACY & NUTRITION EDUCATION: DAYSTAR PROVIDES ONE-TO-ONE FINANCIAL LITERACY COACHING. 6 OUT OF EVERY 30 PARTICIPATING HOUSEHOLDS ACHIEVE TWO OUT OF THESE THREE MILESTONES: SAVING 500...

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FINANCIAL LITERACY & NUTRITION EDUCATION: DAYSTAR PROVIDES ONE-TO-ONE FINANCIAL LITERACY COACHING. 6 OUT OF EVERY 30 PARTICIPATING HOUSEHOLDS ACHIEVE TWO OUT OF THESE THREE MILESTONES: SAVING 500, IMPROVED CREDIT SCORE, AND MAINTAINING A POSITIVE BALANCE SAVINGS ACCOUNT WITHIN 12 MONTHS. OUR KIDS EAT PROGRAM PROVIDES GARDENING EXPERIENCES, NUTRITION CLASSES AND TAKE-HOME MATERIALS TO CHILDREN TO COMBAT POOR NUTRITION OFTEN EXPERIENCED BY THOSE WHO RELY ON FOOD PANTRY SERVICES. OVER 100 LOW-INCOME CHILDREN BENEFIT FROM THIS SERVICE. IN 2023, OUR SEEDLINGS TO NEIGHBORS PROGRAM PROVIDED 65 RESIDENTS LIVING IN A DESIGNATED FOOD DESERT WITH THE EDUCATION, SUPPLIES, AND PEER MENTORSHIP NEEDED TO CREATE THEIR OWN RESIDENITAL MINI FARMS, IMPROVING ACCESS TO FRESH AND HEALTHY FOOD.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,319,438
Program Service Revenue $0
Investment Income $26,131
Other Revenue $-4,898
TOTAL REVENUE $2,340,671

Expense Breakdown

Grants Paid $1,769,993
Salaries & Benefits $480,189
Fundraising Expenses $164,560
Program Expenses $2,378,748
Other Expenses $346,042
TOTAL EXPENSES $2,596,224

Year-over-Year Comparison

2023 2022 Change
Revenue $2,340,671 $2,195,241 +0.1%
Expenses $2,596,224 $2,394,200 +0.1%
Net Income $-255,553 $-198,959 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
9
Volunteers
250

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
6
$108,672
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEIDE CORNELL EXECUTIVE DI 50.00
Officer
$89,507 $19,165 $108,672
JAY K GHOSH PRESIDENT 15.00
Officer Director
$0 $0 $0
DEACON MICHAEL MENCHEN VICE PRESIDE 3.00
Officer Director
$0 $0 $0
MARY ANNE PUTMAN VICE PRESIDE 3.00
Officer Director
$0 $0 $0
ROBERT PROL TREASURER 3.00
Officer Director
$0 $0 $0
DR JACQUELYN DAWSON SECRETARY 3.00
Officer Director
$0 $0 $0
FATHER DAMIAN AMANTIA DIRECTOR 1.00
Director
$0 $0 $0
CARL BRODY DIRECTOR 1.00
Director
$0 $0 $0
PAMELA CADIGAN DIRECTOR 1.00
Director
$0 $0 $0
DR JOHN FOX DIRECTOR 1.00
Director
$0 $0 $0
THOMAS LANG DIRECTOR 1.00
Director
$0 $0 $0
LINDA LERNER DIRECTOR 3.00
Director
$0 $0 $0
TOBY MCDUFFIE DIRECTOR 1.00
Director
$0 $0 $0
KEVIN MILKEY DIRECTOR 1.00
Director
$0 $0 $0
GEORGE W MONLUX JR MD DIRECTOR 1.00
Director
$0 $0 $0
SISTER DOLORES O'BRIEN DIRECTOR 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
2025 No data No data No data No data
2024 $2,340,671 $2,596,224 $4,238,450 $-255,553
2023 $2,195,241 $2,394,200 $4,373,816 $-198,959
2022 $1,979,173 $2,116,564 $4,496,247 $-137,391
2021 $1,790,664 $1,771,669 $4,818,525 $18,995
2020 $2,051,487 $1,807,999 $4,645,772 $243,488
2019 $2,743,130 $1,273,519 $4,343,291 $1,469,611
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