Prmh Inc

Organization Overview

Prmh Inc is located in Philadelphia, PA. The organization was established in 2018. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prmh 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, Prmh Inc generated $312.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (55.8%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT AND BENEFIT THE PURPOSES OF RONALD MCDONALD HOUSE CHARITIES OF THE PHILADELPHIA REGION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PRMH, INC. PARTICIPATES IN THE NEW MARKETS TAX CREDITS PROGRAM, A FEDERAL INITIATIVE DESIGNED TO ENCOURAGE INVESTMENT IN LOW-INCOME COMMUNITIES. THROUGH THE CLOSING OF THE PRMH, INC.'S NMTC DEAL, IT SECURED APPROXIMATELY $6 MILLION IN FUNDING FOR CONSTRUCTION. PRMH, INC. WILL USE THE FUNDS TO DEVELOP REAL PROPERTY TO BE USED BY THE RMH IN FURTHERING ITS CHARITABLE PURPOSES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
P Agnes Inc
Building Expansion Contractor
$7,149,576
Electronic Security Solutions
Construction Service
$311,622
Fromm Electric Supply Co
Construction Service
$150,005
Watchdog
Construction Service
$100,395
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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$0
Investment income $12
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $312,332
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 $312,344

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