Promise Rose Residential Care Home
- Assets
- $603.6k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 54
- Location
- Houston, TX
- Founding
- 07/2018
- Data as of
- 12/2021
- EIN
- 82-1579974
Organization Overview
Promise Rose Residential Care Home is located in Houston, TX. The organization was established in 2018. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Promise Rose Residential Care Home employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Promise Rose Residential Care Home 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 Rose Residential Care Home generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 56.8% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 65.4% per year over the past 5 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
AN ORGANIZATION DESIGNED TO PROVIDE IMMEDIATE SUPPORT TO CHILDREN AND FAMILIES IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AN ORGANIZATION DESIGNED TO PROVIDE IMMEDIATE SUPPORT TO CHILDREN AND FAMILIES OF NEED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nikia Johnson Executive Director | Trustee | 50 | $86,000 |
Kent Davis President | Trustee | 40 | $72,000 |
Sheroid Evans Vice-President | Trustee | 30 | $0 |
Matthew Bogues Treasurer | Trustee | 40 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,367,445 |
| Investment income | $0 |
| 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 | $1,367,445 |
| 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. | $158,000 |
| Compensation of current officers, directors, key employees. | $158,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $712,119 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $80,392 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $63,768 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $163,685 |
| Travel | $2,699 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,492 |
| Insurance | $10,704 |
| All other expenses | $0 |
| Total functional expenses | $1,255,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $346,268 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $85,934 |
| 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 | $74,741 |
| Net Land, buildings, and equipment | $96,624 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $603,567 |
| Accounts payable and accrued expenses | $46,971 |
| 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 | $27,106 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $203,076 |
| Other liabilities | $0 |
| Total liabilities | $277,153 |
| Net assets without donor restrictions | $326,414 |
| 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 | $603,567 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Promise Rose Residential Care Home has recieved totaling $8,274.
| Awarding Organization | Amount |
|---|---|
Kaboom Inc Washington, DC PURPOSE: IMAGINATION PLAYGROUND | $7,274 |
Texas Center For Child And Family Studies Austin, TX PURPOSE: MITIGATING COMPOUNDING TRAUMA SUFFERED BY CHILDREN IN THE AFTERMATH OF HURRICANE HARVEY. | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Facilities Inc Hammond, LA | $142,004,479 | $18,110,312 |
The Macguire Center El Paso, TX | $178,858 | $665,370 |
Projecthandup Grapevine, TX | $51,069,660 | $5,731,956 |
Boles Childrens Home Inc Quinlan, TX | $12,043,794 | $1,742,939 |
Temenos Community Development Corpo Ration Houston, TX | $5,605,357 | -$300,037 |
Empower 225 Baton Rouge, LA | $1,080,614 | $2,677,785 |
Reynolds House Non-Profit Corporation El Paso, TX | $703,756 | $1,361,764 |
Reflection Ministries Of Texas Inc Midland, TX | $2,559,712 | $2,275,639 |
Covenant Recovery Inc Pine Bluff, AR | $956,380 | $1,711,087 |
New Orleans Women & Childrens Shelter Inc New Orleans, LA | $1,027,149 | $1,948,703 |
Inter-Cooperative Council At University Of Texas Inc Austin, TX | $6,304,599 | $1,430,552 |
Safer Path Family Violence Shelter Inc Pleasanton, TX | $927,958 | $1,402,239 |