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Nonprofiteer
← PRESERVING HOME INC

Form 990 for tax year 2024

Filed by PRESERVING HOME INC.

Totals

Total revenue
$7,025,619
Total expenses
$5,151,164
Contributions and grants received
$6,930,693
Grants paid
$0
Program service revenue
$93,726
Investment income
$1,200
Other revenue
$0
Total assets, end of year
$3,503,391
Total liabilities, end of year
$965,527
Net assets or fund balances, end of year
$2,537,864
Program services expenses (Part IX)
$4,533,513
Management and general expenses
$370,591
Fundraising expenses
$247,060
Program service expenses (Part III)
$4,533,513

Program services were 88.0% 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.

  • 1d · Related organizations

    $136,191

  • 1e · Government grants (contributions)

    $5,171,210

  • 1f · All other contributions, gifts and grants

    $1,623,292

  • 1g · Noncash contributions included above

    $46,794

  • 2a · Program service revenue: CONSULTING FEES

    total $93,726 · related or exempt $93,726

  • 7a · Gross sales of assets other than inventory

    other assets $2,000

  • 7b · Less cost or other basis and sales expenses

    other assets $800

  • 7c · Gain or loss

    other assets $1,200

  • 7d · Net gain or loss

    total $1,200 · excluded $1,200

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $157,205 · program services $110,043 · management and general $23,581 · fundraising $23,581

  • 7 · Other salaries and wages

    total $981,152 · program services $658,586 · management and general $197,909 · fundraising $124,657

  • 8 · Pension plan contributions

    total $18,699 · program services $12,585 · management and general $3,712 · fundraising $2,402

  • 9 · Other employee benefits

    total $70,637 · program services $47,424 · management and general $14,231 · fundraising $8,982

  • 10 · Payroll taxes

    total $87,928 · program services $59,348 · management and general $17,148 · fundraising $11,432

  • 11b · Fees: legal

    total $3,017 · program services $1,509 · management and general $905 · fundraising $603

  • 11c · Fees: accounting

    total $17,000 · program services $17,000

  • 11g · Fees: other

    total $2,026,803 · program services $2,026,803

  • 12 · Advertising and promotion

    total $73,214 · program services $36,607 · management and general $21,964 · fundraising $14,643

  • 13 · Office expenses

    total $61,208 · program services $30,604 · management and general $18,362 · fundraising $12,242

  • 14 · Information technology

    total $11,528 · program services $5,764 · management and general $3,458 · fundraising $2,306

  • 16 · Occupancy

    total $19,111 · program services $9,556 · management and general $5,733 · fundraising $3,822

  • 17 · Travel

    total $14,974 · program services $7,487 · management and general $4,492 · fundraising $2,995

  • 20 · Interest

    total $25,774 · program services $12,887 · management and general $7,732 · fundraising $5,155

  • 22 · Depreciation, depletion and amortization

    total $59,781 · program services $29,891 · management and general $17,934 · fundraising $11,956

  • 23 · Insurance

    total $68,520 · program services $34,260 · management and general $20,556 · fundraising $13,704

  • 24a · Other expenses: BUILDING MATERIALS

    total $1,185,927 · program services $1,185,927

  • 24b · Other expenses: BUILDING SITE INCIDENTA

    total $174,543 · program services $174,543

  • 24c · Other expenses: DONATIONS

    total $28,834 · program services $14,417 · management and general $8,650 · fundraising $5,767

  • 24d · Other expenses: DUES, LICENSES, & MEMBE

    total $25,000 · program services $25,000

  • 24e · All other expenses

    total $40,309 · program services $33,272 · management and general $4,224 · fundraising $2,813

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $63,355 · end of year $53,174

  • 3 · Pledges and grants receivable

    beginning of year $1,035,201 · end of year $1,248,459

  • 8 · Inventories for sale or use

    beginning of year $108,840 · end of year $71,222

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

    $2,258,429

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

    $127,893

  • 10c · Land, buildings and equipment, net

    beginning of year $211,829 · end of year $2,130,536

  • 15 · Other assets

    beginning of year $18,541 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $313,834 · end of year $527,882

  • 23 · Secured mortgages and notes payable

    beginning of year $345,975 · end of year $337,560

  • 24 · Unsecured notes and loans payable

    beginning of year $95,738 · end of year $100,085

  • 25 · Other liabilities

    beginning of year $18,810 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $663,409 · end of year $2,537,864

Mission and programs · 2024

Mission

WE PROVIDE HOME REPAIR SERVICES TO ENSURE VULNERABLE HOMEOWNERS - INCLUDING SENIORS, INDIVIDUALS WITH DISABILITIES, AND FAMILIES WITH CHILDREN - LIVE IN SAFE HEALTHY HOMES.

  • REBUILDING, REPAIRING AND REVITALIZING LOW-INCOME HOUSING FOR THE ELDERLY, DISABLED AND FAMILIES WITH CHILDREN.

    Expenses $4,533,513 · Revenue $93,726

As filed on the 2024 return.

Listed in Part VII

  • Greg McNamara

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Adam Underwood

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Soberina Traywick

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Lauren Joyce

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Melanie Moreschi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daniel Perry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shelly McPhatter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Todd Reider

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Crosley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Trainor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Sargent

    EXECUTIVE DIRECTOR

    Total calculated
    $157,204
    From this org
    $145,651
    From related orgs
    $0
    Other
    $11,553
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,651
    Bonus
    $0
    Other
    $0
    Deferred
    $1,440
    Nontaxable benefits
    $10,113
    Filer's total
    $157,204

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION USED SALARY DATA FROM THE NC CENTER FOR NON-PROFITS AND OTHER SOURCES TO ENSURE THAT THE EXECUTIVE DIRECTOR'S COMPENSATION WAS REASONABLE. THE BOARD APPROVED THE EXECUTIVE DIRECTOR'S COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
26 June 2025
IRS schema version
2024v5.2
Source object
202521779349301422

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