Promise House Inc
- Assets
- $2.6m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 159
- Location
- Dallas, TX
- Founding
- 08/1987
- Data as of
- 08/2021
- EIN
- 75-2180083
Organization Overview
Promise House Inc is located in Dallas, TX. The organization was established in 1987. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 08/2021, Promise House Inc employed 159 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Promise House 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 08/2021, Promise House Inc generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $6.7m during the year ending 08/2021. While expenses have increased by 11.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP STABILIZE CHILDREN, YOUTH, TEENS, YOUNG ADULTS, AND FAMILIES IN CRISIS, PROMOTING FAMILY REUNIFICATION AND STRENGTHENING FAMILY DYNAMICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMERGENCY YOUTH SHELTER PROGRAM PROVIDES A TEMPORARY SANCTUARY FOR HOMELESS, RUNAWAY AND ABANDONED YOUTH.
TRANSITIONAL LIVING SERVICES FOR YOUNG ADULTS PROVIDING STABILIZATION, INDEPENDENT LIVING INSTRUCTION, AND SELF-SUFFICIENCY.
DROP-IN CENTER FOR HOMELESS AND AT-RISK TEENS AND YOUNG ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles M Wolford II Chief Executive Officer | Officer | 40 | $168,423 |
Decobia Gray-Lambert Chief Philanthropy Officer | Officer | 40 | $115,418 |
Regina Levine Chief Program Officer | Officer | 40 | $113,091 |
Judith Marshall Chief Operating Officer | Officer | 40 | $112,200 |
Catherine Yates Director | Trustee | 1 | $0 |
Justin Scott Treasurer/director | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $154,901 |
| Related organizations | $0 |
| Government grants | $4,715,829 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,816,812 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,687,542 |
| Total Program Service Revenue | $0 |
| Investment income | $964 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$52,571 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,657,110 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,597 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $539,142 |
| Compensation of current officers, directors, key employees. | $113,520 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,457,369 |
| Pension plan accruals and contributions | $51,280 |
| Other employee benefits | $615,745 |
| Payroll taxes | $286,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,754 |
| Advertising and promotion | $2,587 |
| Office expenses | $217,323 |
| Information technology | $125,439 |
| Royalties | $0 |
| Occupancy | $523,870 |
| Travel | $31,091 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,403 |
| Interest | $1,416 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $169,550 |
| Insurance | $102,385 |
| All other expenses | $0 |
| Total functional expenses | $6,720,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $403,465 |
| Savings and temporary cash investments | $514,060 |
| Pledges and grants receivable | $567,609 |
| Accounts receivable, net | $0 |
| 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 | $1,374 |
| Net Land, buildings, and equipment | $1,086,708 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,750 |
| Total assets | $2,582,966 |
| Accounts payable and accrued expenses | $259,761 |
| Grants payable | $0 |
| Deferred revenue | $123,695 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $383,456 |
| Net assets without donor restrictions | $1,375,265 |
| Net assets with donor restrictions | $824,245 |
| 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 | $2,582,966 |
Grants Recieved
Over the last fiscal year, we have identified 36 grants that Promise House Inc has recieved totaling $1,448,978.
| Awarding Organization | Amount |
|---|---|
Regions Foundation Birmingham, AL PURPOSE: GENERAL SUPPORT | $250,000 |
Jensen Project Inc Dallas, TX PURPOSE: TO HELP STABILIZE CHILDREN, YOUTH, TEENS, YOUNG ADULTS, AND FAMILIES IN CRISIS, PROMOTING FAMILY REUNIFICATION AND STRENGTHENING FAMILY DYNAMICS. | $182,366 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $166,285 |
After8toeducate Dallas, TX PURPOSE: FCH SHELTER AND DIC | $146,700 |
Lesley Family Foundation Dallas, TX PURPOSE: PROGRAM AND OPERATING | $100,000 |
Capital For Kids Dallas, TX PURPOSE: GENERAL PURPOSE | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Night Shelter Of Tarrant County Fort Worth, TX | $53,230,417 | $14,049,509 |
Heading Home Albuquerque, NM | $3,839,726 | $7,660,261 |
Family Gateway Inc Dallas, TX | $4,760,688 | $5,756,628 |
Promise House Inc Dallas, TX | $2,582,966 | $6,657,110 |
Tulsa Day Center Inc Tulsa, OK | $24,852,290 | $5,725,304 |
Homeless Alliance Oklahoma City, OK | $7,046,027 | $5,204,713 |
The Arlington Life Shelter Arlington, TX | $13,090,653 | $3,657,043 |
Dallas Mission For Life Inc Dallas, TX | $12,842,578 | $4,044,639 |
Housing Crisis Center Inc Dallas, TX | $949,775 | $3,183,683 |
Ozanam Inn New Orleans, LA | $7,390,510 | $3,165,767 |
Saint Elizabeth Shelter Corporation Santa Fe, NM | $5,088,716 | $4,023,137 |
Ouachita Children Youth And Family Services Inc Hot Springs, AR | $2,002,351 | $3,002,297 |