Promise Pointe Inc

Organization Overview

Promise Pointe Inc is located in Victoria, TX. The organization was established in 2017. 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. Promise Pointe 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 12/2023, Promise Pointe Inc generated $397.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $210.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE THE HOMELESS OF VICTORIA, TEAS AND THE CROSSROADS REGION WITH PERMANENT AFFORDABLE HOUSING AND A TRANSFORMATIVE SUPPORTIVE RESIDENTIAL COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BEGAN PROVIDING A PERMANENT AFFORDABLE HOUSING AND A SUPPORTATIVE COMMUNITY FOR THE CHROMICALLY HOMELESS IN VICTORIA, TEXAS AND THE CROSSROADS REGION. CONTINUED TO BUILD "TINY HOUSES" (WHICH CONTAIN ONE ROOM AND A CLOSET) FOR RESIDENTS,CREATED A COMMUNITY LAUNDRY, LIBRARY AND BATH BUILDING. ASSISTED RESIDENTS IN REGAINING THEIR INDEPENDENCE AND HELPED TO CREATE BETTER LIVES THAT WOULD HAVE BEEN IMPOSSIBLE WITHOUT A SAFE AND SOUND HOME IN WHICH TO LIVE. FOUR TINY HOUSES WERE COMPLETED IN 2023 AND AT THE END OF 2023 A TOTAL OF 18 TINY HOUSES HAVE BEEN COMPLETED. CONSTRUCTION IN PROGRESS OF TWO ADDITIONAL "TINY HOUSES" CONTINUES IN 2024.


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Board, Officers & Key Employees

Name (title)Compensation
Pam Borchert
Director
$0
Buddy Breivogel
Treasurer
$0
Nelda Chambers
Director
$0
Jim Cole
Director
$0
Margaret Fisseler
Director
$0
Gail Hoad
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$346,237
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$346,237
Total Program Service Revenue$51,169
Investment income $169
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 $397,593

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