Prichard Housing Corporation Ii
- Assets
- $2.2m
- Revenue
- $395.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Prichard, AL
- Founding
- 12/1988
- Data as of
- 12/2023
- EIN
- 63-0984185
Organization Overview
Prichard Housing Corporation Ii is located in Prichard, AL. The organization was established in 1988. 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. Prichard Housing Corporation Ii 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, Prichard Housing Corporation Ii generated $395.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $425.4k during the year ending 12/2023. While expenses have increased by 13.8% per year over the past 8 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Herman Towner Director | 0 | $0 | |
Mary Kidd Director | 0 | $0 | |
Lisa Ephriam Director | 0 | $0 | |
Beverly Bunch Director | 0 | $0 | |
Charles Pharr Executive Di | 0 | $0 | |
Cindy Ervin Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,370 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $100,196 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $290,456 |
| Total Revenue | $395,022 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $421,384 |
| Total operating and administrative expenses | $425,354 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $425,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $996,307 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $157,745 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $714,622 |
| Prepaid expenses and deferred charges | $3,371 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $360,723 |
| Other assets | $0 |
| Total assets | $2,232,768 |
| Accounts payable and accrued expenses | $137,518 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $600 |
| Total liabilities | $138,118 |
Grants Awarded
Over the last fiscal year, Prichard Housing Corporation Ii has awarded $34,437 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DONATIONS PURPOSE: LOW INCOME HOUSING | $22,709 |
ASSISTANCE TO GOVERNMENTS PURPOSE: LOW INCOME HOUSING | $11,728 |