Praxis Housing Initiatives Inc
- Assets
- $17.6m
- Revenue
- $43.5m
- Investments
- $0.0
- Employees
- 318
- Location
- New York, NY
- Founding
- 12/1995
- Data as of
- 06/2021
- EIN
- 13-3832223
Organization Overview
Praxis Housing Initiatives Inc is located in New York, NY. The organization was established in 1995. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Praxis Housing Initiatives Inc employed 318 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Praxis Housing Initiatives Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Praxis Housing Initiatives Inc generated $43.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $42.1m during the year ending 06/2021. While expenses have increased by 22.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IS ONE OF NYC LARGEST PROVIDERS OF TRANSITIONAL & PERMANENT SUPPORTIVE HOUSING TO FORMERLY HOMELESS PEOPLE, INCLUDING THOSE LIVING WITH MOST FORMIDABLE BARRIERS: HIV/AIDS, SUBSTANCE USE DISORDERS AS WELL AS INDIVIDUALS AND FAMILIES WITH CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRAXIS HOUSING INITIATIVES, INC. CURRENTLY OPERATES FOUR CONGREGATE TRANSITIONAL SUPPORTIVE HOUSING PROGRAMS FOR INDIVIDUALS DIAGNOSED WITH HIV/AIDS, FOUR SCATTER SITE PROGRAMS THAT PROVIDE QUALITY SUPPORTIVE HOUSING AND ANCILLARY SERVICES TO ELIGIBLE HOMELESS FAMILIES AFFLICTED WITH AIDS OR HIV, TWO NEWLY CONSTRUCTED PERMANENT SUPPORTIVE HOUSING PROGRAMS FOR SPECIAL NEEDS POPULATIONS THAT MEET NY/NY III CRITERIA AND THREE TRANSITIONAL PROGRAMS FOR HOMELESS FAMILIES WITH AND WITHOUT CHILDREN. A TOTAL OF 988 UNITS ARE CURRENTLY OPERATED AND TOTAL NUMBER SERVED, ADULTS AND CHILDREN 1395 BY PRAXIS HOUSING INITIATIVES, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Svein Jorgensen Chief Executive Officer | Officer | 35 | $263,119 |
Vashti Rampatsingh Chief Financial Officer | Officer | 35 | $179,607 |
Florencio Cuevas Director Of Operations | 35 | $144,709 | |
Dale Burnett Chairman | OfficerTrustee | 1 | $0 |
Ira Platt Treasurer | OfficerTrustee | 1 | $0 |
Michael Schall Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $42,676,163 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,676,163 |
| Total Program Service Revenue | $444,532 |
| Investment income | $43,933 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,469,449 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $497,545 |
| Compensation of current officers, directors, key employees. | $45,765 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,897,257 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,103,000 |
| Payroll taxes | $540,592 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $119,228 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,981 |
| Advertising and promotion | $0 |
| Office expenses | $1,675,119 |
| Information technology | $151,411 |
| Royalties | $0 |
| Occupancy | $24,683,271 |
| Travel | $31,145 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $46,688 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $185,306 |
| Insurance | $693,038 |
| All other expenses | $19,988 |
| Total functional expenses | $42,065,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $614,751 |
| Savings and temporary cash investments | $6,205,741 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,824,091 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $184,832 |
| Net Land, buildings, and equipment | $1,874,468 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,846,866 |
| Total assets | $17,550,749 |
| Accounts payable and accrued expenses | $3,744,706 |
| Grants payable | $0 |
| Deferred revenue | $2,636,269 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,911,756 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $521 |
| Total liabilities | $8,293,252 |
| Net assets without donor restrictions | $9,044,034 |
| Net assets with donor restrictions | $213,463 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,550,749 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Praxis Housing Initiatives Inc has recieved totaling $18,772.
| Awarding Organization | Amount |
|---|---|
Fjc New York, NY PURPOSE: GENERAL OPERATING | $18,772 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Preservation Of Affordable Housing Inc Boston, MA | $607,140,967 | $179,190,346 |
Praxis Housing Initiatives Inc New York, NY | $17,550,749 | $43,469,449 |
Home Headquarters Inc Syracuse, NY | $61,706,462 | $11,933,384 |
Depaul Properties Inc Rochester, NY | $60,046,501 | $8,018,697 |
Isles Inc Trenton, NJ | $25,476,363 | $9,864,108 |
Beech Interplex Inc Philadelphia, PA | $34,852,112 | $5,583,039 |
Center Communities Of Brookline Inc Boston, MA | $21,612,727 | $5,843,127 |
Crispus Attucks Association Of York Pennsylvania York, PA | $24,303,531 | $5,790,154 |
Hrca Brookline Housing 1550 Beacon Plaza Boston, MA | $18,498,571 | $4,652,823 |
North Shore Community Development Coalition Inc Salem, MA | $17,290,346 | $6,893,056 |
Troy Rehabilitation And Improvement Program Inc Troy, NY | $4,527,116 | $4,140,655 |
Opportunity Headquarters Inc Syracuse, NY | $931,819 | $3,257,864 |