WEST MELBOURNE, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PROMISE INC, founded in 2009, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $1.7M left a modest 12% surplus.
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,926,144 | $2,100,149 | -0.1% |
| Expenses | $1,699,408 | $1,727,175 | 0.0% |
| Net Income | $226,736 | $372,974 | -0.4% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DR LORI D BRADSTREET | CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| TERRY L LOCKE | VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| WAYNE COOPER | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| FRANK J VEGA | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MELISSA DUGAS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MARGARET LOHAN-AVALOS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| LYNN WILSON | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CINDY DROPESKI | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MASON WILLIAMS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| HAROLD EDWARD RUSTY MELLE | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JEFF KIEL | CEO | 40.00 |
Officer
|
$145,140 | $7,110 | $152,250 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,926,144 | $1,699,408 | $5,531,883 | $226,736 |
| 2022 | $2,100,149 | $1,727,175 | $5,412,626 | $372,974 |
| 2021 | $1,622,673 | $1,511,637 | $6,433,765 | $111,036 |
| 2020 | $1,660,995 | $1,410,829 | $6,233,813 | $250,166 |
| 2019 | $1,713,674 | $1,414,510 | $6,082,357 | $299,164 |
| 2018 | $4,397,775 | $1,883,074 | $6,048,485 | $2,514,701 |
| 2017 | $1,912,458 | $1,305,656 | $3,740,560 | $606,802 |
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