2025-11-17T10:09:57-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2024-01-01 592245045 THE SPECTRA ORGANIZATION INC SPEC 5616842160 3333 FOREST HILL BLVD WEST PALM BEACH FL 33406 TAD J FULLER TOP FINANCIAL OFFICIAL 5616842160 2025-11-13 1 1 LACEY M QUATSOE P01300865 4078021200 2025-11-13 2024 2025-03-06 01:10:19Z CAROL JONES-GILBERT 3333 FOREST HILL BLVD WEST PALM BEACH FL 33406 1553433 0 X N/A X 1973 FL TO ASSIST WITH PROJECTS DEEMED TO BE BENEFICIAL TO THE PALM BEACH COUNTY COMMUNITY. 3 3 2 3 20000 18820 745921 0 1527599 1533245 -131631 188 0 20000 2141889 1553433 0 0 0 0 118375 164536 0 0 0 2312064 1417612 2430439 1582148 -288550 -28715 13377669 14562490 12150507 13364043 1227162 1198447 X TO ASSIST AND FOSTER THE PLANNING AND DEVELOPMENT OF PROJECTS DEEMED TO BE BENEFICIAL SOCIALLY, PHYSICALLY, ECONOMICALLY AND CULTURALLY TO THE PUBLIC INTEREST OF THE NATION, WITH ATTENTION PAID TO THE AREA OF THE PALM BEACH COUNTY COMMUNITY AND THE STATE OF FLORIDA 0 0 1010901 0 1533245 THE ORGANIZATION OWNS A COMMERCIAL OFFICE AND WAREHOUSE COMPLEX IN WEST PALM BEACH, FLORIDA, WHICH IS HELD PRINCIPALLY FOR RENTAL PURPOSES. A SUBSTANTIAL PORTION OF THE FACILITY IS RENTED TO THE PALM BEACH COUNTY HOUSING AUTHORITY. A PORTION OF THIS COMPLEX SERVES AS HEADQUARTERS FOR THE ORGANIZATION.IT ALSO OWNS TWO REAL PROPERTIES THAT ARE HELD FOR FUTURE USE INCLUDING BUT NOT LIMITED TO SALE.FINALLY, THE ORGANIZATION CONTRACTS WITH OWNERS OF PROPERTIES HELD FOR RENTAL TO LOW- AND MODERATE-INCOME PERSONS AND FAMILIES TO PROVIDE PROPERTY MANAGEMENT SERVICES. THE ORGANIZATION CURRENTLY HAS 154 RESIDENTIAL UNITS UNDER MANAGEMENT. 1010901 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 X 6 0 1 2 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 0 0 0 X TAD J FULLER 5616842160 3333 FOREST HILL BLVD WEST PALM BEACH FL 33406 CAROL JONES-GILBERT EXECUTIVE DIRECTOR 0.10 40.00 X 0 346274 57567 TAD FULLER TOP FINANCIAL OFFICER 0.10 40.00 X 0 130426 20499 PAUL DUMARS BOARD CHAIR 0.10 1.00 X X 0 0 0 DIGNA MEJIA VICE CHAIR 0.10 1.00 X X 0 0 0 PHYLLIS CHOY DIRECTOR 0.10 1.00 X 0 0 0 0 476700 78066 1 0 1 0 PALM BEACH COUNTY HOUSING AUTHORITY 3333 FOREST HILL BLVD WEST PALM BEACH FL 33406 PROPERTY MANAGEMENT 216871 1 TENANT RENT 533110 1091127 1091127 MANAGEMENT FEES 561000 442118 442118 1533245 188 188 20000 0 20000 20000 20000 1553433 1533245 20000 188 164536 164536 216871 216871 27811 27811 882 882 2790 2790 1100 1100 13437 13437 6194 6194 169576 169576 1122 1094 28 387763 387763 291173 291173 161295 161295 RENOVATION WRITE-OFF 137598 137598 1582148 1010901 571247 0 373373 197801 275646 62723 80608 64231 14789934 767444 12551724 14022490 96318 215245 13377669 14562490 595132 565554 38993 39607 40119 11516382 12718763 12150507 13364043 X 1227162 1198447 1227162 1198447 13377669 14562490 -28715 0 X 0 0 0 X 0 1 X 4456515 4456515 7171064 738277 6432787 34341 4197 30144 34765 24970 9795 3093249 3093249 14022490 PART IV, LINE 2B: THE SECURITY DEPOSIT ESCROW CASH IS FOR RENTERS OF AN OFFICE BUILDING THAT HAVE BEEN IN PLACE SINCE THE FILING ORGANIZATION TOOK OWNERSHIP OF THE BUILDING. THERE IS A SECURITY DEPOSIT REQUIREMENT IN EACH LEASE. 0 0 0 0 0 0 0 0 0 CAROL JONES-GILBERT EXECUTIVE DIRECTOR 0 346274 0 0 0 0 0 14261 0 43306 0 403841 0 0 TAD FULLER TOP FINANCIAL OFFICER 0 130426 0 0 0 0 0 7930 0 12569 0 150925 0 0 PART I, LINE 3 THE PALM BEACH COUNTY HOUSING AUTHORITY BOARD APPROVES THE CEO'S COMPENSATION ANNUALLY. THE BOARD OF COMMISSIONERS COMPLETES ANNUAL REVIEWS AND IF APPLICABLE PAY INCREASES BASED ON THOSE REVIEWS. FORM 990, PART V, LINE 2A: THE NUMBER OF EMPLOYEES LISTED AS BEING ON FORM W-3 IS THE TOTAL EMPLOYEE COUNT FOR THE FILING ORGANIZATION. WHILE THE PALM BEACH COUNTY HOUSING AUTHORITY IS THE COMMON PAYMASTER FOR THE SPECTRA ORGANIZATION INC, THE NUMBER OF EMPLOYEES ONLY INCLUDES THE EMPLOYEE COUNT FOR THE SPECTRA ORGANIZATION INC. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS A MANAGEMENT AGREEMENT WITH PALM BEACH COUNTY HOUSING AUTHORITY. IT WAS PAID $216,871 DURING 2024. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE TOP FINANCIAL OFFICIAL AND A COPY IS PROVIDED TO THE FULL BOARD FOR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE SPECTRA ORGANIZATION INC FOLLOWS THE CONFLICT OF INTEREST POLICY OF ITS PARENT, PALM BEACH COUNTY HOUSING AUTHORITY. EMPLOYEES MUST NOT ENGAGE IN ANY ACTIVITIES, TRANSACTIONS OR RELATIONSHIPS THAT ARE INCOMPATIBLE WITH THE IMPARTIAL, OBJECTIVE AND EFFECTIVE PERFORMANCE OF THEIR DUTIES. IN INSTANCES WHERE SUCH ACTIVITIES, TRANSACTIONS OR RELATIONSHIPS OCCUR, THE EMPLOYEE IS EXPECTED TO DISASSOCIATE HIM/HERSELF FROM WORK ON THESE PROGRAMS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. 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