Project Transitions Inc
- Assets
- $13.1m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 44
- Location
- Austin, TX
- Founding
- 09/1988
- Data as of
- 12/2021
- EIN
- 74-2502171
Organization Overview
Project Transitions Inc is located in Austin, TX. The organization was established in 1988. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 12/2021, Project Transitions Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Transitions 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, Project Transitions Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 4.7% 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
PROVISION OF HOUSING, RECUPERATIVE CARE AND HOSPICE FOR INDIVIDUALS AND FAMILIES WITH HIV/AIDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES INCLUDE PHYSICAL CARE, EMOTIONAL SUPPORT, SOCIAL WORK, CONNECTION WITH COMMUNITY RESOURCES, AND OTHER SUPPORTIVE SERVICES. SERVED 42 IN 2021 WITH 76% BEING BELOW THE FEDERAL POVERTY LINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Herrera Executive Director (jan.-Sept.) | Officer | 40 | $82,721 |
Madge Whistler CFO | Officer | 40 | $81,604 |
Bob Garza Vice President | OfficerTrustee | 2 | $0 |
Craig Davis President | OfficerTrustee | 2 | $0 |
Scott Percifull Secretary | 1 | $0 | |
Jim Keane Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $9,019 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,113,347 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,660,313 |
| Noncash contributions included in lines 1a–1f | $234,037 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,782,679 |
| Total Program Service Revenue | $83,528 |
| Investment income | $836 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,683 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $207,588 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,071,582 |
| 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. | $181,373 |
| Compensation of current officers, directors, key employees. | $23,386 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $802,119 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $120,457 |
| Payroll taxes | $92,190 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,230 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,606 |
| Advertising and promotion | $0 |
| Office expenses | $102,087 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $529,177 |
| Travel | $4,559 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $578 |
| Interest | $641 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,582 |
| Insurance | $33,439 |
| All other expenses | $0 |
| Total functional expenses | $2,093,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $555,354 |
| Savings and temporary cash investments | $397,934 |
| Pledges and grants receivable | $124,310 |
| Accounts receivable, net | $207,095 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $51,897 |
| Prepaid expenses and deferred charges | $48,071 |
| Net Land, buildings, and equipment | $11,400,547 |
| Investments—publicly traded securities | $45,001 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $288,759 |
| Total assets | $13,118,968 |
| Accounts payable and accrued expenses | $1,344,411 |
| Grants payable | $0 |
| Deferred revenue | $12,712 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $9,252,669 |
| Other liabilities | $0 |
| Total liabilities | $10,609,792 |
| Net assets without donor restrictions | $1,078,324 |
| 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 | $13,118,968 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Project Transitions Inc has recieved totaling $32,360.
| Awarding Organization | Amount |
|---|---|
Pierce Runnells Foundation Houston, TX PURPOSE: GENERAL CHARITABLE PURPOSES | $20,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,610 |
Skirmish Foundation Austin, TX PURPOSE: CHARITABLE SUPPORT | $700 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $50 |
Endowment Analysis
| Beg. Balance | $177,176 |
| Earnings | $31,006 |
| Ending Balance | $208,182 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mission Road Developmental Center San Antonio, TX | $26,258,889 | $16,711,904 |
United Methodist Childrens Home Inc Little Rock, AR | $23,403,200 | $9,139,789 |
New Horizons Ranch And Center Inc Abilene, TX | $7,433,052 | $14,838,988 |
James L West Presbyterian Special Care Center Fort Worth, TX | $13,990,432 | $11,986,456 |
Carc Inc Carlsbad, NM | $9,451,276 | $12,194,382 |
Broadway Services Inc New Orleans, LA | $6,344,122 | $11,011,243 |
Oakwood Retirement Village Inc Enid, OK | $6,058,575 | $10,557,285 |
Father Flanagans Boys Home New Orleans, LA | $2,347,903 | $9,257,218 |
Life Support Counseling And Research Inc Austin, TX | $3,931,686 | $9,199,133 |
Forgotten Angels Inc Pearland, TX | $1,121,528 | $8,621,031 |
Childrens Hope Residential Services Inc Lubbock, TX | $2,722,669 | $7,634,142 |
Fort Defiance Housing Corporation Albuquerque, NM | $27,181,769 | $7,777,591 |