Project Home Inc
- Assets
- $5.0m
- Revenue
- $4.7m
- Investments
- $4.4k
- Employees
- 32
- Location
- Madison, WI
- Founding
- 10/1979
- Data as of
- 12/2023
- EIN
- 39-1279307
Organization Overview
Project Home Inc is located in Madison, WI. The organization was established in 1979. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Project Home Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Home 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 12/2023, Project Home Inc generated $4.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $5.0m during the year ending 12/2023. While expenses have increased by 0.7% per year over the past 9 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HOUSING OPPOTUNITIES OF PERSONS IN DANE AND GREEN COUNTIES WHO ARE OF LOWER OR MODERATE INCOME THROUGH PROVISION OF SERVICES
Describe the Organization's Program Activity:
ENERGY: PROJECT HOME CONTRACTS WITH THE STATE OF WISCONSIN AND UTILITY COMPANIES TO PROVIDE WEATHERIZATION SERVICES TO LOW INCOME HOMEOWNERS AND TENANTS IN DANE AND GREEN COUNTIES. DURING 2023, PROJECT HOME PROVIDED 218 WEATHERIZATION, 130 EMERGENCY FURNACE, AND 67 EMERGENCY WATER HEATER REPAIRS AND REPLACEMENTS.
HOME REPAIR: PROJECT HOME CONTRACTS WITH CITY, COUNTY, STATE, AND PRIVATE ORGANIZATIONS TO PROVIDE HOME REPAIR SERVICES TO LOW- AND MODERATE-INCOME HOMEOWNERS. PROJECT HOME PROVIDED 199 REPAIRS OR REHAB SERVICES TO INCOME ELIGIBLE HOMEOWNERS TO MAINTAIN THEIR HOMES BY PROVIDING ZERO INTEREST LOANS, GRANTS, AND SUBSIDIZED LABOR BY OPERATING THREE MAJOR HOME REHABILITATION PROGRAMS AND SEVERAL MINOR REPAIR EVENTS. PROJECT HOME ALSO PERFORMED 31 REPAIRS OR HOME PERFORMANCE JOBS FOR HOMEOWNERS IN THE PRIVATE SECTOR.
PROGRAM DEVELOPMENT: PROJECT HOME WORKS WITH VARIOUS INDIVIDUALS AND ORGANIZATIONS TO DEVELOP AND MAINTAIN LOW-INCOME HOUSING UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josephine Oyama-Miller President | OfficerTrustee | 1 | $0 |
Paul Dombrowski Vice President/secretary | OfficerTrustee | 1 | $0 |
Adam Kleinmaus Treasurer | OfficerTrustee | 1 | $0 |
Sandy Fischer Director | Trustee | 1 | $0 |
Matthew Friedlander Director | Trustee | 1 | $0 |
Deborah Garrett-Thomas Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Forgewell Building Group Llc Heating And Plumbing | 12/30/23 | $325,873 |
Dun-rite Insulation Inc Insulation And Weatherization | 12/30/23 | $243,788 |
South Central Electric Llc Electrical | 12/30/23 | $178,176 |
Forward Heating And Cooling Llc Heating And Cooling | 12/30/23 | $111,316 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,267,324 |
| All other contributions, gifts, grants, and similar amounts not included above | $220,603 |
| Noncash contributions included in lines 1a–1f | $14,144 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,487,927 |
| Total Program Service Revenue | $222,585 |
| Investment income | $9,528 |
| 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 | $4,724,917 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $208,510 |
| Grants and other assistance to domestic individuals. | $1,879,259 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $215,322 |
| Compensation of current officers, directors, key employees. | $69,322 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,294,249 |
| Pension plan accruals and contributions | $40,212 |
| Other employee benefits | $528,547 |
| Payroll taxes | $183,065 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,586 |
| Fees for services: Accounting | $25,045 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,096 |
| Advertising and promotion | $1,203 |
| Office expenses | $57,121 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,008 |
| Travel | $80,328 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,683 |
| Interest | $30,117 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $98,500 |
| Insurance | $62,519 |
| All other expenses | $3,431 |
| Total functional expenses | $4,958,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,294 |
| Savings and temporary cash investments | $626,948 |
| Pledges and grants receivable | $309,371 |
| Accounts receivable, net | $28,376 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,299,108 |
| Inventories for sale or use | $302,343 |
| Prepaid expenses and deferred charges | $60,681 |
| Net Land, buildings, and equipment | $962,905 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,402 |
| Investments—program-related | $150,629 |
| Intangible assets | $0 |
| Other assets | $1,096,590 |
| Total assets | $5,013,647 |
| Accounts payable and accrued expenses | $329,919 |
| Grants payable | $0 |
| Deferred revenue | $404,823 |
| 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 | $656,745 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,171,750 |
| Total liabilities | $2,563,237 |
| Net assets without donor restrictions | $2,435,926 |
| Net assets with donor restrictions | $14,484 |
| 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 | $5,013,647 |