Partners For Progress Inc
- Assets
- $12.5m
- Revenue
- $802.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Baton Rouge, LA
- Founding
- 11/2000
- Data as of
- 09/2023
- EIN
- 31-1740153
Organization Overview
Partners For Progress Inc is located in Baton Rouge, LA. The organization was established in 2000. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Partners For Progress Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Partners For Progress 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 09/2023, Partners For Progress Inc generated $802.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $420.1k during the year ending 09/2023. While expenses have increased by 4.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HOUSING FOR THE ELDERLY, HANDICAPPED AND/OR PERSONS OF LOW INCOME IN EAST BATON ROUGE PARISH
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE & ADVANCE DECENT, SAFE & SANITARY HOUSING FOR ELDERLY, HANDICAPPED &/OR PERSONS OF LOW TO MODERATE INCOME IN EAST BATON ROUGE PARISH. TO CONSTRUCT, ASSIST IN THE CONSTRUCTION OF, OR ACQUIRE & EQUIP BUILDINGS, STRUCTURES & FIXTURES FOR LOW TO MODERATE INCOME RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Gaudet President | OfficerTrustee | 1 | $0 |
Emmett Robbins First Vice President | OfficerTrustee | 1 | $0 |
Al Gensler Board Member | Trustee | 1 | $0 |
Dianna Payton Board Member | Trustee | 1 | $0 |
Dr Barbara Capenter Board Member | Trustee | 1 | $0 |
Terry Landry Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $517,860 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $532,860 |
| Total Program Service Revenue | $197,064 |
| Investment income | $3,520 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48 |
| 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 | $802,064 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $50,587 |
| Other salaries and wages | $124,288 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,845 |
| Payroll taxes | $5,803 |
| Fees for services: Management | $40,854 |
| Fees for services: Legal | $4,214 |
| Fees for services: Accounting | $11,959 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,952 |
| Advertising and promotion | $29,431 |
| Office expenses | $7,910 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,663 |
| Travel | $1,710 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,150 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,262 |
| All other expenses | $3,204 |
| Total functional expenses | $420,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,216,698 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $569,508 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,513,544 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,180 |
| Net Land, buildings, and equipment | $3,156,500 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,461,430 |
| Accounts payable and accrued expenses | $30,515 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $3,656,700 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,157,289 |
| Total liabilities | $5,844,504 |
| Net assets without donor restrictions | $6,616,926 |
| Net assets with donor restrictions | $0 |
| 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 | $12,461,430 |