Promise Community Homes
- Assets
- $11.3m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 21
- Location
- St Louis, MO
- Founding
- 04/2006
- Data as of
- 12/2021
- EIN
- 68-0574765
Organization Overview
Promise Community Homes is located in St Louis, MO. The organization was established in 2006. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 12/2022, Promise Community Homes employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Promise Community Homes 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, Promise Community Homes generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 4.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LOW INCOME HOUSING FOR THE DISABLED ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED HOUSING FOR DEVELOPMENTALLY DISABLED ADULTS IN THE GREATER ST. LOUIS AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lele Engler Director | Trustee | 2 | $0 |
Mike Gardner Director | Trustee | 2 | $0 |
Madison Graham Director | Trustee | 2 | $0 |
Denny Hayden Director | Trustee | 2 | $0 |
Alana Pease Director | Trustee | 2 | $0 |
Kathryn Redmond Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,035,054 |
| Investment income | $29 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,351 |
| Net Income from Fundraising Events | -$91,483 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,913,531 |
| Statement of Expenses | |
|---|---|
| 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. | $117,919 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $620,246 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,831 |
| Office expenses | $72,674 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $68,872 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $50,883 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $317,809 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,043,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,162,698 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $572,577 |
| 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 | $26,185 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,807 |
| Total assets | $11,271,760 |
| Accounts payable and accrued expenses | $287,349 |
| Grants payable | $0 |
| Deferred revenue | $129,867 |
| 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 | $1,789,096 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $37,651 |
| Total liabilities | $2,243,963 |
| Net assets without donor restrictions | $9,027,797 |
| 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 |
| Total liabilities and net assets/fund balances | $9,027,797 |