Portfolio Resident Services Inc

Organization Overview

Portfolio Resident Services Inc is located in Houston, TX. The organization was established in 2009. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portfolio Resident Services 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 12/2021, Portfolio Resident Services Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.1%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROGRAMS DESIGNED TO RAISE THEIR CULTURAL AND FAMILY STANDARDS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATIONAL, NUTRITIONAL AND RECREATION SERVICES


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Board, Officers & Key Employees

Name (title)Compensation
Gloria Sanderson
Presdient
$0
Mike Clark
Sec/treasurer
$0
Dean O'kelley
V. Pres.
$0
Russ Michaels
Tif Exec. Dir.
$0
Marvin Spivey
Board Member
$0
Sharon Sauer
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$62,335
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$62,335
Total Program Service Revenue$1,096,909
Investment income $0
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 $1,159,244

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Portfolio Resident Services Inc has recieved totaling $270,665.

Awarding OrganizationAmount
$144,809
Oaklake Community Housing Development Corporation

Houston, TX

PURPOSE: PROVIDING QUALITY SOCIAL ASSISTANCE TO LOW-INCOME RESIDENTS, INCLUDING PROGRAMS DESIGNED TO RAISE THEIR CULTURAL AND FAMILY STANDARDS.

$116,215
Food Bank Of Abilene Inc

Abilene, TX

PURPOSE: Nutritional Assistance

$9,641
View Grant Recipient Profile

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