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← PRH Preservation Inc

Form 990 for tax year 2024

Filed by PRH Preservation Inc.

Totals

Total revenue
$148,081
Total expenses
$184,097
Contributions and grants received
$0
Grants paid
$20,000
Program service revenue
$148,081
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,787,046
Total liabilities, end of year
$40,718
Net assets or fund balances, end of year
$2,746,328
Program services expenses (Part IX)
$146,311
Management and general expenses
$37,786
Fundraising expenses
$0
Program service expenses (Part III)
$146,311

Program services were 79.5% 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.

  • 2a · Program service revenue: Rental income

    total $148,081 · related or exempt $148,081

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,000 · program services $20,000

  • 11b · Fees: legal

    total $463 · management and general $463

  • 11c · Fees: accounting

    total $31,834 · management and general $31,834

  • 13 · Office expenses

    total $1,179 · management and general $1,179

  • 16 · Occupancy

    total $11,037 · program services $11,037

  • 17 · Travel

    total $410 · program services $410

  • 22 · Depreciation, depletion and amortization

    total $26,793 · program services $26,793

  • 23 · Insurance

    total $34,804 · program services $33,190 · management and general $1,614

  • 24a · Other expenses: Repairs & maintenance

    total $23,213 · program services $23,213

  • 24b · Other expenses: Property management

    total $19,943 · program services $19,943

  • 24c · Other expenses: Landscaping

    total $11,725 · program services $11,725

  • 24d · Other expenses: Uncollectible amount

    total $2,696 · management and general $2,696

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $135,604 · end of year $8,070

  • 4 · Accounts receivable

    beginning of year $9,929 · end of year $11,142

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,831 · end of year $8,472

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

    $2,891,153

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

    $148,541

  • 10c · Land, buildings and equipment, net

    beginning of year $2,626,494 · end of year $2,742,612

  • 15 · Other assets

    beginning of year $16,750 · end of year $16,750

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,543 · end of year $26,808

  • 19 · Deferred revenue

    beginning of year $2,232 · end of year $753

  • 25 · Other liabilities

    beginning of year $6,489 · end of year $13,157

  • 27 · Net assets without donor restrictions

    beginning of year $2,782,344 · end of year $2,746,328

Mission and programs · 2024

Mission

PRH Preservation (PRHP) works to continue the Third Ward's historical character and culture as it transitions while accelerating the neighborhood's redevelopment by raising money to subsidize individual projects.

Activities or mission (Part I)

Maintain buildings in Houston's Third Ward to ensure long-term, safe, affordable housing.

  • PRHP purchases existing single-family homes in the area, renovates them, and rents them to low-income individuals at subsidized, below-market rates. On February 5, 2018, Project Row Houses ("PRH") conveyed to PRHP one block of land in Houston's Third Ward. PRH had acquired the Webster Block with funding from the Kinder Foundation. This transfer in early 2018 marked the beginning of PRHP's current development efforts in the area. Upon renovation and construction, PRH Preservation leases these homes to lower- and moderate-income residents at below-market rates and operates similar properties. Like the Webster Block houses, the homes owned by PRH Preservation will operate below break-even and will be subsidized by charitable contributions.

    Expenses $146,311 · Grants $20,000 · Revenue $148,081

As filed on the 2024 return.

Listed in Part VII

  • Danielle Burns Wilson

    Executive Director

    Total calculated
    $170,431
    From this org
    $0
    From related orgs
    $136,550
    Other
    $33,881
    Hours/week
    15 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $136,550 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $33,881 related
    Filer's total
    $0 + $170,431 related

  • C Hastings Johnson

    President thru 2/2025

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Bert Brown

    Vice President

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • James V Derrick Jr

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Aarti Garehgrat

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 1 related

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

None.

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

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

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
12 March 2026
IRS schema version
2024v5.5
Source object
202610719349300206

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