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THE PARTNERSHIP INC

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Public IRS 990 nonprofit record

THE PARTNERSHIP INC

EIN 65-0522900 · Housing Development, Construction & Management (L20)

What they do

MANAGEMENT & DEVELOPMENT of LOW-INCOME HOUSING -- OFFICE SPACE for NON-PROFIT ORGANIZATIONS -- SOCIAL SERVICES IN MANAGED HOUSING.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $96.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders7 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

284.45%of revenue went to mission work96.5% of expenses · Program services
$294.69spent for every $100 of revenueSpending was higher than revenue this year.
10.24%of revenue went to management and office costs3.5% of expenses
$0.67in assets for every $1 spent this yearSome assets cannot be spent right away.
2.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $24,370,084 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $717,364 for JOHN CORBETT (EXECUTIVE DIRECTOR/CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$12,517,138
Mission workProgram services$35,605,240284.45% of revenue96.5% of expenses
ManagementOffice and general costs$1,281,98210.24% of revenue3.5% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$36,887,222294.69% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 96.5% mission · 3.5% management · 0.0% fundraisingTotal expenses: 294.69% of revenue
2023Expense mix: 85.6% mission · 14.4% management · 0.0% fundraisingTotal expenses: 74.43% of revenue
2022Expense mix: 86.4% mission · 13.6% management · 0.0% fundraisingTotal expenses: 93.26% of revenue
2021Expense mix: 85.5% mission · 14.5% management · 0.0% fundraisingTotal expenses: 24.38% of revenue
2020Expense mix: 84.5% mission · 15.5% management · 0.0% fundraisingTotal expenses: 71.29% of revenue
2019Expense mix: 87.7% mission · 12.3% management · 0.0% fundraisingTotal expenses: 86.51% of revenue
2018Expense mix: 82.0% mission · 18.0% management · 0.0% fundraisingTotal expenses: 100.35% of revenue
2017Expense mix: 89.5% mission · 10.5% management · 0.0% fundraisingTotal expenses: 55.43% of revenue

Money in and money out

Revenue$12,517,138
Expenses$36,887,222
Annual shortfall $24,370,084 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$35,605,240 · 96.5% of expenses
Management and office costs$1,281,982 · 3.5% of expenses
See all reported dollar amounts
Revenue$12,517,138
Expenses$36,887,222
Assets$24,613,395
Income$42,400,289
Contributions$251,041
Mission work (program services)$35,605,240
Grants given$28,773,584
Average grant$7,193,396
Management and general$1,281,982
Executive compensation (total)$1,055,510
Stocks and bonds$19,494,899
Accounting fees$29,734
Investing fees$102,551
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
JOHN CORBETTEXECUTIVE DIRECTOR/CEO · 40 hrs/week $717,364
HUGH JACOBSEVP/COO · 40 hrs/week $384,614Base $347,113 · Other $37,501
EROL UGLJANINVICE PRESIDENT · 40 hrs/week $280,756Base $248,474 · Other $32,282
JAMIE WILLIAMSONVICE PRESIDENT · 40 hrs/week $145,808Base $137,064 · Other $8,744
DARLESA JONES-BROWNREGIONAL PROPERTY DIRECTOR · 40 hrs/week $126,167Base $114,823 · Other $11,344

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (7)

JOHN CORBETTEXECUTIVE DIRECTOR/CEO

HUGH JACOBSEVP/COO

EROL UGLJANINVICE PRESIDENT

JAMIE WILLIAMSONVICE PRESIDENT

DARLESA JONES-BROWNREGIONAL PROPERTY DIRECTOR

MICHAEL F LAPORTABOARD MEMBER

RICHARD GEACHBOARD MEMBER

About this charity

Recognized since
January 1996
Location
2001 WEST BLUE HERON BLVD 201, RIVIERA BEACH, FL 33404-5003
County
Palm Beach
In care of
% JOHN CORBETT
Primary officer
HUGH JACOBS, EVP/COO

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
CARTER & COMPANY CPAS LLC
NTEE classification
Housing Development, Construction & Management (L20)
IRS tax category
Housing Development, Construction & Management
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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