2026-03-24T15:48:52-05:00 2025-06-30 141918990 TEMPLETON & COMPANY LLP 222 LAKEVIEW AVENUE SUITE 1200 WEST PALM BEACH FL 33401 990 2024-07-01 592240502 THE LORD'S PLACE INC LORD 5614940125 PO BOX 3265 WEST PALM BEACH FL 33402 CHRISTINE FREDERICK CHIEF EXECUTIVE OFFICER 5614940125 2026-03-24 1 1 JOHN CHENOWETH P01768153 5617989988 2024 2025-03-06 01:10:19Z CHRISTINE FREDERICK PO BOX 3265 WEST PALM BEACH FL 33402 23620517 0 X WWW.THE LORDSPLACE.ORG X 1982 FL BREAKING THE CYCLE OF HOMELESSNESS FOR MEN, WOMEN AND CHILDREN IN OUR COMMUNITY. 22 22 163 1503 0 0 15830949 12904579 512631 477199 -316499 777876 1018763 1467311 17045844 15626965 2252796 5651389 0 0 8639944 9157934 0 0 755566 4251089 4113164 15143829 18922487 1902015 -3295522 38030539 35670748 1404586 2593598 36625953 33077150 X THE LORD'S PLACE, INC. (THE LORD'S PLACE OR AGENCY) IS A NON-SECTARIAN ORGANIZATION DEDICATED TO BREAKING THE CYCLE OF HOMELESSNESS FOR MEN, WOMEN AND CHILDREN IN OUR COMMUNITY. SUPPORTIVE SERVICES OFFERED THROUGH OUR HOUSING PROGRAMS INCLUDE CASE MANAGEMENT, RECOVERY SUPPORT, BEHAVIORAL HEALTH CARE AND COORDINATION, BUDGETING AND FINANCIAL COUNSELING, AS WELL AS SERVICES DESIGNED TO SECURE AND MAINTAIN EMPLOYMENT, RECONNECT WITH FAMILY, AND PARTICIPATE IN COMMUNITY LIFE. 0 0 8174409 1937648 353252 HOUSING:THE ORGANIZATION PROVIDED SUPPORTIVE AND GRADUATE HOUSING FOR OVER 200 HOUSEHOLDS DAILY, ADDRESSING HOMELESSNESS THROUGH A DIVERSE RANGE OF HOUSING PROGRAMS. THESE PROGRAMS INCLUDED ALEXANDER PLACE: HOUSING 37 FAMILIES; MANN CAMPUS: SUPPORTING 50 SINGLE MEN; THREE (3) BURCKLE PLACE CAMPUSES: ACCOMMODATING 43 SINGLE WOMEN; C-PLACE: SERVING 10 INDIVIDUALS WITH SEVERE AND PERSISTENT MENTAL ILLNESS; HOUSING FIRST SCATTERED-SITE PROGRAMS: SUPPORTING MORE THAN 80 INDIVIDUALS EXPERIENCING CHRONIC HOMELESSNESS. IN ADDITION TO SAFE HOUSING, THE ORGANIZATION DELIVERED COMPREHENSIVE WRAPAROUND SERVICES TAILORED TO RESIDENT NEEDS, INCLUDING CASE MANAGEMENT, BENEFITS NAVIGATION, JOB TRAINING AND PLACEMENT, LIFE SKILLS EDUCATION, HEALTHCARE COORDINATION, AND PEER SUPPORT. THESE EFFORTS EMPOWERED RESIDENTS TO ACHIEVE STABILITY AND SELF-SUFFICIENCY. AS A RESULT OF THIS HOLISTIC APPROACH, OVER 90% OF RESIDENTS SUCCESSFULLY MAINTAINED OR TRANSITIONED TO STABLE HOUSING EACH YEAR, DEMONSTRATING THE ORGANIZATION'S EFFECTIVENESS IN COMBATING HOMELESSNESS AND PROMOTING LONG-TERM STABILITY. 1909864 163813 102690 COMMUNITY ENGAGEMENT:THE AGENCY OPERATED THE LARGEST STREET OUTREACH PROGRAM BY GEOGRAPHIC AREA IN PALM BEACH COUNTY, FLORIDA, SERVING OVER 1,000 UNSHELTERED INDIVIDUALS. THIS PROGRAM ADDRESSED IMMEDIATE NEEDS BY PROVIDING FOOD, HYGIENE PRODUCTS, BLANKETS, IDENTIFICATION ASSISTANCE, HOUSING NAVIGATION, AND REFERRALS TO MENTAL HEALTH AND SUBSTANCE USE TREATMENT SERVICES. MORE THAN 550 INDIVIDUALS WERE CONNECTED TO HOUSING, INCLUDING REUNIFICATION WITH FAMILY AND FRIENDS, SECURED RENTAL HOUSING, OR ACCESSED EMERGENCY SHELTER, RAPID REHOUSING, AND SUPPORTIVE HOUSING PROGRAMS.THE AGENCY IS THE DESIGNATED PROJECTS FOR ASSISTANCE IN TRANSITION FROM HOMELESSNESS (PATH) PROVIDER FOR PALM BEACH COUNTY, DELIVERING OUTREACH AND CASE MANAGEMENT SERVICES TO INDIVIDUALS EXPERIENCING HOMELESSNESS AND CO-OCCURRING SERIOUS MENTAL ILLNESS. IN THE PAST YEAR, 99 INDIVIDUALS WERE SERVED, WITH OVER 50% CONNECTED TO THE AGENCY'S SSI/SSDI OUTREACH, ACCESS, AND RECOVERY (SOAR) PROGRAM. THIS PROGRAM UTILIZED A NATIONAL BEST-PRACTICE MODEL TO HELP INDIVIDUALS WITH DISABILITIES EXPERIENCING HOMELESSNESS ACCESS SOCIAL SECURITY BENEFITS AND HEALTHCARE. AMONG PATH PROGRAM PARTICIPANTS WHO EXITED, 74% TRANSITIONED TO STABLE HOUSING. THE AGENCY ALSO EMPLOYED TRAINED STAFF TO FACILITATE THE SOAR PROCESS FOR INDIVIDUALS EXPERIENCING HOMELESSNESS. LAST YEAR, 60 SOCIAL SECURITY BENEFIT APPLICATIONS WERE SUBMITTED, WITH AN APPROVAL RATE OF 81%SUBSTANTIALLY HIGHER THAN FLORIDA'S STATEWIDE APPROVAL AVERAGE. 1091748 102375 JOB TRAINING & EMPLOYMENT:THE AGENCY PROVIDED COMPREHENSIVE EMPLOYMENT SERVICES FOR OVER 440 ADULTS WHO WERE EXPERIENCING HOMELESSNESS AND UNEMPLOYMENT. THESE SERVICES INCLUDED JOB COACHING, JOB SKILLS TRAINING, COGNITIVEBEHAVIORAL INTERVENTION INSTRUCTION, ADULT BASIC EDUCATION, GED PREPARATION TUTORING, AND JOB PLACEMENT AND RETENTION SUPPORT. A CORNERSTONE OF THE AGENCY'S OFFERINGS WAS ITS INNOVATIVE CULINARY PROGRAM, WHICH COMBINES HANDS-ON VOCATIONAL TRAINING WITH COGNITIVE-BEHAVIORAL INTERVENTION. THE PROGRAM EQUIPS FORMERLY HOMELESS APPRENTICES WITH THE SKILLS NEEDED FOR EMPLOYMENT IN ROLES SUCH AS SOUS CHEFS, LINE COOKS, AND OTHER RESTAURANT POSITIONS. APPRENTICES TRAIN ALONGSIDE PROFESSIONAL CHEFS WHILE PROVIDING HUNDREDS OF FREE, GOURMET MEALS WEEKLY AT THE AGENCY'S CAF JOSHUA.THROUGH THIS JOB TRAINING INITIATIVE, MORE THAN 150 PARTICIPANTS ENHANCED THEIR JOB SKILLS ANNUALLY, WITH 110 SUCCESSFULLY SECURING EMPLOYMENT, DEMONSTRATING THE PROGRAM'S IMPACT ON BUILDING SELF-SUFFICIENCY AND FOSTERING LONG-TERM STABILITY. 5457913 3447553 29775 RE-ENTRY:THE AGENCY'S REENTRY PROGRAM SUPPORTED OVER 200 ADULTS ANNUALLY AS THEY TRANSITION BACK INTO THE COMMUNITY FOLLOWING INCARCERATION. THE PROGRAM OFFERED COMPREHENSIVE SERVICES, INCLUDING CASE MANAGEMENT, JOB TRAINING, PEER SUPPORT, HEALTHCARE COORDINATION, REFERRALS TO COMMUNITY-BASED MENTAL HEALTH AND SUBSTANCE USE TREATMENT, HOUSING NAVIGATION AND PLACEMENT, FAMILY REUNIFICATION ASSISTANCE, AND MORE. AS A RESULT OF THESE EFFORTS, MORE THAN 80% OF PARTICIPANTS AVOIDED RE-ARREST FOR AT LEAST ONE YEAR AFTER ENROLLMENT, REFLECTING THE PROGRAM'S SUCCESS IN FOSTERING STABILITY AND REDUCING RECIDIVISM. BEYOND DIRECT SERVICES, THE REENTRY PROGRAM ACTIVELY PARTICIPATED IN REENTRY COALITIONS, COLLABORATIVE INITIATIVES, AND ADVOCACY EFFORTS TO ADDRESS SYSTEMIC CRIMINAL JUSTICE ISSUES AND IMPROVE OUTCOMES FOR INDIVIDUALS AFFECTED BY INCARCERATION.CLINICAL AND CARE COORDINATION SERVICES:THE AGENCY'S COUNSELING, ACCESS, RECOVERY, AND EDUCATION (CARE) TEAM PROVIDED INTEGRATED HEALTHCARE SUPPORT AND COORDINATION FOR 130 UNHOUSED INDIVIDUALS WHO WERE EXPERIENCING ACUTE AND/OR CHRONIC PHYSICAL AND BEHAVIORAL HEALTH CONDITIONS. THIS MULTIDISCIPLINARY TEAM INCLUDED A LICENSED CLINICAL SOCIAL WORKER, A BOARD-CERTIFIED PSYCHIATRIC NURSE PRACTITIONER, A RECOVERY COORDINATOR, A CERTIFIED COMMUNITY HEALTH WORKER, AND OTHER KEY MEMBERS OF CLIENTS' SUPPORT SYSTEMS, SUCH AS HOUSING STAFF, CASE MANAGERS, JOB COACHES, AND BENEFITS NAVIGATORS. THE CARE TEAM DELIVERED A WIDE RANGE OF SERVICES, INCLUDING CARE COORDINATION, MEDICAL ADVOCACY, PSYCHIATRIC ASSESSMENTS, TREATMENT PLANNING, MEDICATION MANAGEMENT, CRISIS INTERVENTION, RECOVERY SUPPORT, AND ASSISTANCE WITH PREVENTATIVE AND PRIMARY HEALTHCARE. STAFF ASSISTED CLIENTS WITH SCHEDULING AND ATTENDING HEALTHCARE APPOINTMENTS, FOLLOWING TREATMENT PLANS, MONITORING HEALTH INDICATORS (E.G., BLOOD PRESSURE, DIABETES MANAGEMENT, WOUND CARE), MANAGING HEALTH INSURANCE, AND MORE. AS A RESULT OF THESE EFFORTS, 82% OF CLIENTS AVOIDED OR REDUCED THEIR USE OF EMERGENCY SERVICES. AMONG THOSE WHO EXITED THE PROGRAM, 88% WERE SUCCESSFULLY CONNECTED TO HEALTH INSURANCE AND A COMMUNITY-BASED MEDICAL HOME, ENSURING CONTINUITY OF CARE AND LONG-TERM HEALTH STABILITY. 5457913 3447553 29775 16633934 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 98 0 163 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X MARISA GLOVER 5614940125 PO BOX 3265 WEST PALM BEACH FL 33402 CORNELIA THORNBURGH CHAIR 1.00 X X 0 0 0 WESLEY WES LANG VICE CHAIR 1.00 X X 0 0 0 WILLY PHILIAS MD FAPA SECRETARY 1.00 X X 0 0 0 CHARLES G WARD III TREASURER 1.00 X X 0 0 0 KATE STENGLE AUDIT CHAIR 1.00 X X 0 0 0 MARY QUICK SOCIAL ENTERPRISE CHAIR 1.00 X X 0 0 0 THE HON GERALDINE JERI MUOLO RISK ASSESSMENT CHAIR 1.00 X 0 0 0 WILLIAM BILL PROCTOR HOUSING AND FACILITIES CHA 1.00 X 0 0 0 GEORGE BACHMAN DIRECTOR 1.00 X 0 0 0 CHIEF SEAN BAKER DIRECTOR 1.00 X 0 0 0 LOUISA BORGES DIRECTOR 1.00 X 0 0 0 THE HON ANN BROWN DIRECTOR 1.00 X 0 0 0 JULIE F CUMMINGS DIRECTOR 1.00 X 0 0 0 KERRY DIAZ DIRECTOR 1.00 X 0 0 0 CAREY HAUGHWOUT DIRECTOR 1.00 X 0 0 0 TALMEDGE HAYES DIRECTOR 1.00 X 0 0 0 JAMES KUKLA DIRECTOR 1.00 X 0 0 0 LAURA LOFARO FREEMAN DIRECTOR 1.00 X 0 0 0 DROR PALEY MD DIRECTOR 1.00 X 0 0 0 CHRISTIAN SEARCY JR DIRECTOR 1.00 X 0 0 0 JACK SCAROLA ESQ FOUNDING BOARD DIRECTOR 1.00 X 0 0 0 RABBI HOWARD SHAPIRO DIRECTOR 1.00 X 0 0 0 CHRISTINE FREDERICK CEO (DOH 5/24/25) 50.00 X 0 0 0 MARISA GLOVER CFO (DOH 6/1/25) 50.00 X 0 0 0 ANNE NOBLE CHIEF ADVANCEMENT OFFICER 50.00 X 114316 0 7439 JAN PHILLIPS CHIEF HUMAN RESOURCES OFFI 50.00 X 106231 0 7164 CALVIN PHILLIPS VP OF HOUSING SERVICES 50.00 X 111386 0 12544 CRISTINA A LUCIER VP OF COMMUNITY PROGRAMS 50.00 X 111454 0 12866 RAYMOND MORSE VP OF STRATEGIC IMPACT 50.00 X 100595 0 12371 JESSICA PARRISH COO 50.00 X 126900 0 13399 DIANA STANLEY FORMER CEO (7/1/24-2/3/25) 50.00 X 245980 0 15553 916862 0 81336 7 1 1 0 0 607917 16499 6076384 6203779 89194 12904579 RESIDENCE FEES 721000 353252 353252 SOCIAL ENTERPRISE REVENUE 721000 102690 102690 CONTRACT REVENUE 721000 21257 21257 477199 369146 369146 8296687 12080 7900037 0 396650 12080 408730 408730 1552308 16499 93515 1458793 1458793 MISCELLANEOUS REVENUE 721000 8518 8518 8518 15626965 485717 0 2236669 2980723 2980723 2670666 2670666 736908 625183 68682 43043 6639645 5632986 618831 387828 213191 180868 19870 12453 1023486 868312 95391 59783 544704 462119 50768 31817 6863 571 5016 1276 65405 5439 47808 12158 5670 5670 230585 19174 168548 42863 89610 41329 11440 36841 1497109 1438827 27277 31005 10762 10762 655483 394069 261414 OTHER OPERATING COSTS 973856 745767 138437 89652 TRANSPORTATION 238393 231764 978 5651 FOOD & SUPPLIES 218878 215587 2095 1196 STIPENDS 120550 120550 18922487 16633934 1532987 755566 2059623 2496899 12209883 9656066 2641694 1453896 181545 36548 27113873 5205565 20515881 21908308 421913 119031 38030539 35670748 806113 658075 15000 0 583473 1935523 1404586 2593598 X 23785666 26337347 12840287 6739803 36625953 33077150 38030539 35670748 X -3295522 -168173 -85108 0 X X 0 1 X 1 1 1 X 11201173 11580316 15140250 15830949 12904579 66657267 11201173 11580316 15140250 15830949 12904579 66657267 66657267 134344 190813 303728 342715 369146 1340746 1008316 78136 1022333 1118799 1467311 4694895 72692908 477199 0.91700 0.93040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 938472 938472 938472 938472 938472 938472 938472 938472 1084296 145824 938472 0.38700 0.61300 1 0 1534020 1534020 21375530 4237317 17138213 675986 368666 307320 3528337 599582 2928755 21908308 CLIENT DEPOSITS 132088 LONG TERM LEASE LIABILITIES 81928 CURRENT PORTION OF LEASE LIABILITIES 90722 FORGIVEABLE MORTGAGE DEBT 1630785 1935523 X 15793319 -168173 246682 93515 172024 15621295 5670 5670 15626965 19257014 246682 93515 340197 18916817 5670 5670 18922487 PART X, LINE 2: THE AGENCY WAS GRANTED TAX-EXEMPT STATUS UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE AGENCY IS REQUIRED TO OPERATE IN CONFORMITY WITH THE PROVISIONS OF THE IRC TO MAINTAIN ITS EXEMPT STATUS. MANAGEMENT ANALYZES TAX POSITIONS IN JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS. BASED ON ITS EVALUATION, MANAGEMENT DID NOT IDENTIFY ANY TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE OR DECREASE. INTEREST AND PENALTIES ATTRIBUTABLE TO INCOME TAXES, IF ANY, ARE INCLUDED IN OPERATING EXPENSES. THE AGENCY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 93,515. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 93,515. PART V - ENDOWMENT FUNDS THE PURPOSE OF THE BOARD DESIGNATED ENDOWMENT FUND IS TO SUPPORT THE AGENCY'S HOUSING PROGRAM AND THE PURPOSE OF THE PERMANENT DONOR-RESTRICTED ENDOWMENT FUND IS INSTITUTIONAL SUPPORT OF THE AGENCY AS A WHOLE. PALM BEACH EVENT 710919 710919 ENDING HOMELESSNESS 495700 16193 479507 82184 1 362188 306 361882 11331 1568807 16499 1552308 93515 93515 1458793 0 TLP FOUNDATION INC 2808 N AUSTRALIAN AVENUE WEST PALM BEACH FL 33407 332899668 509(A)(3) 2980723 0 TO SUPPORT FOUNDATION 1 SPECIFIC ASSISTANCE 1970 2670666 SCHEDULE I, PART III, COLUMN (A): THE LORD'S PLACE NOT ONLY OFFERS THE UNHOUSED A HOME BUT A COMMUNITY ON OUR 12 CAMPUSES TO LIVE, LEARN AND THRIVE IN THEIR JOURNEY TO SELF-SUFFICIENCY. WE PROVIDE PROGRAMS THAT ALLOW OUR CLIENTS TO WORK THROUGH TRAUMA, ADDICTION AND MENTAL ILLNESS. WE OFFER JOB READINESS AND CULINARY ARTS TRAINING TO PROVIDE A MARKETABLE SKILL. WE PROVIDE ACCESS TO HEALTH CARE AND SOCIAL SECURITY BENEFITS DESIGNED TO ALLOW THEM TO SUPPORT THEMSELVES RATHER THAN USING THE LOCAL ER FOR A DOCTOR'S VISIT. THE AVERAGE EMERGENCY ROOM EXPENSE OF WALKING THROUGH THE DOORS OF ST. MARY'S OR GOOD SAM IS AROUND $2,700. AT THE LORD'S PLACE OUR PROGRAM MANAGERS SEEK OUT QUALITY PREEMPTIVE CARE REDUCING THE NEED FOR COSTLY AND UNFUNDED EMERGENCY MEDICINE. MOVING OUR CLIENTS TO MORE INDIVIDUALIZED AND DIRECTED CARE IS NOT ONLY MORE COMPASSIONATE AND EFFICIENT BUT MORE ECONOMICAL. ALL TOO OFTEN, MANY HOMELESS ARE SENT TO JAIL AS WE NOW HAVE STATUES ON THE BOOKS THAT CRIMINALIZE SLEEPING IN THE OPEN. ONE NIGHT AT OUR COUNTY JAIL, WHICH OFFERS HARDLY AN OPPORTUNITY AT REHABILITATION BUT DOES BUY ONE ANOTHER TICK ON A RECORD OF INCARCERATION, AVERAGES $135 A NIGHT. ONE NIGHT IN ONE OF OUR SUPPORTIVE HOUSING APARTMENTS WHICH PROVIDES WRAPAROUND COMPREHENSIVE PROGRAMMING AND SPECIFIC GOAL SETTING TO MOVE TOWARDS A FUTURE OF HOPE: THAT'S $67 A NIGHT. HALF THE COST AND MORE THAN DOUBLE THE CARE AND COMPASSION. X X X 0 0 0 0 0 0 0 0 0 DIANA STANLEY FORMER CEO (7/1/24-2/3/25) 245980 0 0 0 0 0 9419 0 6134 0 261533 0 0 0 X 60294 FMV X 1 3000 FMV X MISCELLANEOUS 14 19355 FMV X GIFT CARDS 14 6545 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WAS PROVIDED ELECTRONICALLY TO ALL BOARD MEMBERS BEFORE IT WAS FILED. ADDITIONALLY, THE FORM 990 IS DISCUSSED AND APPROVED AT THE NEXT BOARD MEETING WITH OPPORTUNITIES PROVIDED FOR BOARD MEMBERS TO ASK QUESTIONS. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS REVIEWED AND DISCUSSED BY BOARD MEMBERS AND EMPLOYEES AT MEETINGS AND ANY POSSIBLE CONFLICTS THAT ARISE ARE REQUIRED TO BE DISCLOSED. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION'S COMPENSATION PROCESS FOR EXECUTIVE LEADER INCLUDES A REVIEW BY THE BOARD OF DIRECTORS, COMPARISON TO MARKET, AND BOARD APPROVAL OF COMPENSATION CHANGES. FORM 990, PART VI, SECTION C, LINE 18 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S OVERSIGHT POLICY HAS NOT CHANGED. PART XI, LINE 8 DURING THE CURRENT TAX YEAR, THE ORGANIZATION RECORDED A PRIOR PERIOD ADJUSTMENT TO BEGINNING NET ASSETS TO REFLECT CORRECTIONS IDENTIFIED IN CONNECTION WITH THE ISSUANCE OF REVISED AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024. THESE CORRECTIONS PRIMARILY RELATE TO THE ACCOUNTING TREATMENT OF A FORGIVABLE LOAN RECEIVED FROM PALM BEACH COUNTY AND RELATED BALANCE SHEET CLASSIFICATIONS. AS A RESULT OF THE REVISED AUDIT, THE ORGANIZATION RECORDED THE RECOGNITION OF APPROXIMATELY $1.6 MILLION OF DEBT RELATED TO THE FORGIVABLE LOAN, THE CAPITALIZATION OF A PROPERTY ACQUISITION OF APPROXIMATELY $1.1 MILLION, AND APPROXIMATELY $570,000 OF FUNDS HELD IN ESCROW. IN ADDITION, CORRESPONDING ADJUSTMENTS WERE MADE TO THE STATEMENT OF ACTIVITIES, RESULTING IN AN AGGREGATE ADJUSTMENT OF $85,108. MANAGEMENT, IN CONSULTATION WITH ITS INDEPENDENT AUDITORS AND TAX ADVISORS, DETERMINED THAT THESE ITEMS WERE APPROPRIATELY RECORDED AS A PRIOR PERIOD ADJUSTMENT IN THE CURRENT YEAR RATHER THAN AMENDING THE PREVIOUSLY FILED FORM 990. ACCORDINGLY, THE ADJUSTMENT IS REFLECTED IN PART XI, LINE 8, WITH A CORRESPONDING CHANGE TO BEGINNING NET ASSETS. TLP FOUNDATION INC 2808 N AUSTRALIAN AVENUE WEST PALM BEACH FL 33407 332899668 SUPPORTING ORGANIZATION FL 501(3)(3) LINE 12A, I THE LORD'S PLACE INC 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 TLP FOUNDATION INC B 2980723 FMV