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Nonprofiteer
← PROSPECT HOUSE INC

Form 990 for tax year 2024

Filed by PROSPECT HOUSE INC.

Totals

Total revenue
$1,337,690
Total expenses
$1,657,694
Contributions and grants received
$486,764
Grants paid
$0
Program service revenue
$764,588
Investment income
$32,674
Other revenue
$53,664
Total assets, end of year
$2,551,810
Total liabilities, end of year
$345,573
Net assets or fund balances, end of year
$2,206,237
Program services expenses (Part IX)
$1,130,071
Management and general expenses
$493,663
Fundraising expenses
$33,960
Program service expenses (Part III)
$1,130,071

Program services were 68.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $486,764

  • 2a · Program service revenue: MHRSB Reimbursements

    total $475,382 · related or exempt $475,382

  • 2b · Program service revenue: Resident Rents

    total $264,433 · related or exempt $264,433

  • 2c · Program service revenue: Medical Reimbursement

    total $20,608 · related or exempt $20,608

  • 2d · Program service revenue: Family Program

    total $4,165 · related or exempt $4,165

  • 3 · Investment income

    total $32,674 · excluded $32,674

  • 11a · Other revenue: Management Fee

    total $53,664 · excluded $53,664

  • 11e · Other revenue, total

    $53,664

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $259,295 · program services $194,471 · management and general $64,824

  • 7 · Other salaries and wages

    total $586,508 · program services $439,881 · management and general $146,627

  • 9 · Other employee benefits

    total $37,904 · program services $28,428 · management and general $9,476

  • 10 · Payroll taxes

    total $67,367 · program services $50,525 · management and general $16,842

  • 11e · Fees: professional fundraising services

    total $33,960 · fundraising $33,960

  • 11g · Fees: other

    total $146,338 · management and general $146,338

  • 13 · Office expenses

    total $31,165 · management and general $31,165

  • 16 · Occupancy

    total $90,971 · program services $88,655 · management and general $2,316

  • 17 · Travel

    total $17,949 · program services $17,231 · management and general $718

  • 22 · Depreciation, depletion and amortization

    total $36,254 · program services $33,648 · management and general $2,606

  • 23 · Insurance

    total $44,275 · management and general $44,275

  • 24a · Other expenses: Food

    total $114,626 · program services $114,626

  • 24b · Other expenses: Utilities

    total $72,586 · program services $68,814 · management and general $3,772

  • 24c · Other expenses: Education and recreatio

    total $54,762 · program services $54,762

  • 24d · Other expenses: Other expenses

    total $40,793 · program services $16,089 · management and general $24,704

  • 24e · All other expenses

    total $22,941 · program services $22,941

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $303,120 · end of year $179,157

  • 4 · Accounts receivable

    beginning of year $70,752 · end of year $209,616

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,385 · end of year $28,578

  • 10a · Land, buildings and equipment: cost or other basis

    $1,469,377

  • 10b · Land, buildings and equipment: accumulated depreciation

    $845,425

  • 10c · Land, buildings and equipment, net

    beginning of year $140,062 · end of year $623,952

  • 11 · Investments: publicly traded securities

    beginning of year $650,460 · end of year $640,473

  • 15 · Other assets

    beginning of year $1,932,428 · end of year $870,034

  • 17 · Accounts payable and accrued expenses

    beginning of year $98,580 · end of year $155,402

  • 19 · Deferred revenue

    beginning of year $2,505 · end of year $2,505

  • 25 · Other liabilities

    beginning of year $171,864 · end of year $187,666

  • 27 · Net assets without donor restrictions

    beginning of year $2,363,117 · end of year $1,703,954

  • 28 · Net assets with donor restrictions

    beginning of year $487,141 · end of year $502,283

Mission and programs · 2024

Mission

To provide high quality drug & alcohol treatment in a long-term residential setting to men who are without the money, insurance, or other resources to enter hospital-based programs.

Activities or mission (Part I)

Alcohol and Drug Rehabilitation

  • The 65 bed recovery facility for chemically dependent men, most of whom are indigent. Sheltered and counseled residents during the year through a variety of treatment programs.

    Expenses $1,130,071 · Revenue $764,588

As filed on the 2024 return.

Listed in Part VII

  • John Earls

    President

    Total calculated
    $0
    Hours/week
    4

  • Sheila Lynch

    Trustee - Exit

    Total calculated
    $0
    Hours/week
    4

  • Craig Kurz

    Trustee

    Total calculated
    $0
    Hours/week
    4

  • Bob Byrne

    Trustee

    Total calculated
    $0
    Hours/week
    4

  • Dr Michael Gureasko

    Trustee

    Total calculated
    $0
    Hours/week
    4

  • Daniel Payne

    Trustee

    Total calculated
    $0
    Hours/week
    4

  • Dr Reginald Gibson

    Trustee

    Total calculated
    $0
    Hours/week
    4

  • Mardie Hay

    Vice President

    Total calculated
    $0
    Hours/week
    4

  • Rob Bowman

    Trustee

    Total calculated
    $0
    Hours/week
    4

  • Dennis Carroll

    Trustee

    Total calculated
    $0
    Hours/week
    4

  • Mary Cumings

    Secretary

    Total calculated
    $0
    Hours/week
    4

  • Jim D'wolf

    Trustee - Exit 10/2024

    Total calculated
    $0
    Hours/week
    4

  • Mark Fallon

    Trustee

    Total calculated
    $0
    Hours/week
    4

  • Trevor Van Wagenen

    Treasurer

    Total calculated
    $0
    Hours/week
    4

  • Tom Croft

    Trustee

    Total calculated
    $0
    Hours/week
    4

  • Scott Harvey

    Trustee

    Total calculated
    $0
    Hours/week
    4

  • Carla Patrick

    Director of Finance

    Total calculated
    $97,166
    From this org
    $97,166
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Bill Farmer

    Executive Director

    Total calculated
    $69,786
    From this org
    $69,786
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
5 March 2026
IRS schema version
2024v5.5
Source object
202600709349300340

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