Prime Housing Inc
- Assets
- $361.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Flagstaff, AZ
- Founding
- 10/1982
- Data as of
- 06/2023
- EIN
- 94-2833526
Organization Overview
Prime Housing Inc is located in Flagstaff, AZ. The organization was established in 1982. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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. Prime Housing 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 06/2023, Prime Housing Inc generated $140.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $140.5k during the year ending 06/2023. While expenses have increased by 4.5% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PRIME HOUSING, INC., DBA PONDEROSA PLAZA APARTMENTS (THE PROJECT) WAS ORGANIZED IN MAY OF 1985 BY PRIME HOUSING. INC., A NON-PROFIT CORPORATION INCORPORATED IN THE STATE OF ARIZONA. THE PROJECT OPERATES A 14-UNIT MULTIFAMILY HOUSING COMPLEX IN FLAGSTAFF, ARIZONA. THE PROJECT PROVIDES AFFORDABLE HOUSING FOR THE CHRONICALLY MENTALLY ILL, USING FUNDS GRANTED BY THE U.S. DEPARTMENT OF HUD UNDER SECTIONS 8 AND 202 OF THE NATIONAL HOUSING ACT.FOR THE PROGRAM YEAR 2022-2023 THE PROJECT REMAINED FULL, HOUSING 15 SUBSIDIZED OCCUPANTS. THERE ARE ALSO TWO CONVENTIONAL UNITS. THIS PROJECT SERVED HOMELESS CLIENTS WHO WERE ALSO CHRONICALLY MENTALLY ILL. ONE OF THE KEY SERVICES WAS TO IMPROVE BEHAVIORAL HEALTH SERVICES FOR THE PEOPLE LIVING IN THIS PROJECT. THE GUIDANCE CENTER INC. HELPED TO PROVIDE MENTAL AND BEHAVIORAL HEALTH SERVICES FOR THE RESIDENTS LIVING IN PONDEROSA PLAZA APARTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Devon Forrest President | 1 | $0 | |
Trever Davis Secretary | 1 | $0 | |
Satchel Alvarado Treasurer | 2 | $0 | |
Cory Runge Director | 1 | $0 | |
Jonathan Rheins Director (thru 4/2023) | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $140,937 |
| Membership dues | $0 |
| Investment income | $22 |
| Gain or Loss | -$931 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $140,028 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $23,341 |
| Occupancy, rent, utilities, and maintenance | $21,013 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $96,145 |
| Total expenses | $140,499 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,100 |
| Other assets | $0 |
| Total assets | $361,286 |
| Total liabilities | $103,039 |
| Net assets or fund balances | $258,247 |