Project Transitions Inc
- Assets
- $15.6m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 42
- Location
- Austin, TX
- Founding
- 09/1988
- Data as of
- 12/2022
- 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 12/2022, Project Transitions Inc employed 42 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 12/2022, Project Transitions Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $2.5m during the year ending 12/2022. While expenses have increased by 10.5% per year over the past 6 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
2022
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 68 IN 2022 WITH 98% BELOW 150% OF THE FEDERAL POVERTY LINE..
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony West President | OfficerTrustee | 2 | $0 |
Tamra Swindoll Vice President | OfficerTrustee | 2 | $0 |
Cindy Goldman Secretary | OfficerTrustee | 1 | $0 |
Matthew Albertson Treasuer | OfficerTrustee | 1 | $0 |
Lew Aldridge Board Member | Trustee | 1 | $0 |
Craig Davis Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,617 |
| Related organizations | $0 |
| Government grants | $1,062,733 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,279,932 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,366,282 |
| Total Program Service Revenue | $53,337 |
| Investment income | $3,389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,901 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $254,248 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,676,268 |
| 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. | $112,773 |
| Compensation of current officers, directors, key employees. | $10,856 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,024,426 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $139,335 |
| Payroll taxes | $83,636 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,293 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $71,068 |
| Advertising and promotion | $105 |
| Office expenses | $107,170 |
| Information technology | $1,932 |
| Royalties | $0 |
| Occupancy | $614,685 |
| Travel | $3,300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $709 |
| Interest | $1,923 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,971 |
| Insurance | $56,386 |
| All other expenses | $66,357 |
| Total functional expenses | $2,464,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $346,292 |
| Savings and temporary cash investments | $1,114,186 |
| Pledges and grants receivable | $52,047 |
| Accounts receivable, net | $604,008 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $63,562 |
| Prepaid expenses and deferred charges | $21,333 |
| Net Land, buildings, and equipment | $13,071,077 |
| Investments—publicly traded securities | $36,852 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $243,862 |
| Total assets | $15,553,219 |
| Accounts payable and accrued expenses | $161,770 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $12,708,524 |
| Other liabilities | $0 |
| Total liabilities | $12,870,294 |
| Net assets without donor restrictions | $1,325,081 |
| 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 | $15,553,219 |