Princeton Ministries 4 Inc
- Assets
- $3.0m
- Revenue
- $385.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 47-5202983
Organization Overview
Princeton Ministries 4 Inc is located in Denver, CO. The organization was established in 2016. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Princeton Ministries 4 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, Princeton Ministries 4 Inc generated $385.5k 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 (23.4%) each year. All expenses for the organization totaled $435.1k during the year ending 12/2021. 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
PRINCETON MINISTRIES 4, INC. WAS FORMED ON SEPTEMBER 25, 2015 IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF KENTUCKY, FOR THE PURPOSE OF ESTABLISHING, OWNING, AND MAINTAINING AFFORDABLE LOW-INCOME HOUSING AND RELATED HOUSING PROGRAMS FOR THE AGING AND INDIGENT, UNDER THE GUIDELINES OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRINCETON MINISTRIES 4, INC. WAS FORMED TO ESTABLISH, OWN, AND MAINTAIN AFFORDABLE LOW-INCOME HOUSING AND RELATED HOUSING PROGRAMS FOR THE AGING AND INDIGENT, UNDER THE GUIDELINES OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT. THE CORPORATION OWNS AND OPERATES A 40-UNIT APARTMENT COMMUNITY LOCATED IN PRINCETON, KENTUCKY KNOWN AS PRINCETON MANOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Saab Vice President/director | OfficerTrustee | 1 | $0 |
Joe Rosenblum Secretary/director | OfficerTrustee | 1 | $0 |
Kassidi Boening Vice President/director | OfficerTrustee | 1 | $0 |
Melissa Clayton President/director | OfficerTrustee | 1 | $0 |
Steve Spears Treasurer | Officer | 1 | $0 |
Ron Jackson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $338,775 |
| 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 | $338,775 |
| Total Program Service Revenue | $46,735 |
| 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 | $385,510 |
| 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 | $0 |
| Other salaries and wages | $65,285 |
| Pension plan accruals and contributions | $2,198 |
| Other employee benefits | $26,405 |
| Payroll taxes | $4,385 |
| Fees for services: Management | $21,953 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15,370 |
| Information technology | $1,412 |
| Royalties | $0 |
| Occupancy | $116,470 |
| Travel | $15 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $90,575 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $435,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,058 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,172 |
| 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 | $8,863 |
| Net Land, buildings, and equipment | $2,461,917 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $510,255 |
| Total assets | $3,040,265 |
| Accounts payable and accrued expenses | $34,878 |
| Grants payable | $0 |
| Deferred revenue | $491 |
| 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 | $1,018,497 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,591 |
| Total liabilities | $1,072,457 |
| Net assets without donor restrictions | $1,967,808 |
| 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 | $3,040,265 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Princeton Ministries 4 Inc has recieved totaling $2,613,842.
| Awarding Organization | Amount |
|---|---|
Franciscan Ministries Inc Wheaton, IL PURPOSE: TO HELP ACQUIRE PROPERTY FOR LOW INCOME HOUSING | $2,613,842 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Of Scottsdale Municipal Property Corp Scottsdale, AZ | $479,997,584 | $48,828,086 |
Foundation For Affordable Housing Omaha, NE | $529,060,224 | $34,736,721 |
Mercy Housing California Denver, CO | $227,832,939 | $51,666,218 |
Northeast Denver Housing Center Inc Denver, CO | $58,407,194 | $39,072,373 |
Mercy Housing Inc Denver, CO | $121,949,049 | $44,644,651 |
Mercy Housing Lakefront Denver, CO | $45,086,430 | $37,545,157 |
Brothers Redevelopment Inc Edgewater, CO | $28,566,111 | $21,890,998 |
Habitat For Humanity International Inc Omaha, NE | $36,900,454 | $19,457,975 |
Habitat For Humanity International Inc Tulsa, OK | $20,375,468 | $13,816,169 |
South Of Market Mercy Housing Denver, CO | $1,397,293 | $161,294 |
Mccalls Community Homes Inc Ada, OK | $3,788,949 | $9,810,630 |
Western Region Nonprofit Housing Corporation Salt Lake City, UT | $76,676,954 | $12,236,656 |