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Nonprofiteer
← PORTFOLIO RESIDENT SERVICES INC

Form 990 for tax year 2024

Filed by PORTFOLIO RESIDENT SERVICES INC.

Totals

Total revenue
$7,898,998
Total expenses
$7,813,613
Contributions and grants received
$199,832
Grants paid
$2,149
Program service revenue
$7,536,140
Investment income
$163,026
Other revenue
$0
Total assets, end of year
$3,107,951
Total liabilities, end of year
$571,181
Net assets or fund balances, end of year
$2,536,770
Program services expenses (Part IX)
$5,141,928
Management and general expenses
$2,671,685
Fundraising expenses
$0
Program service expenses (Part III)
$5,141,928

Program services were 65.8% 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

    $199,832

  • 2a · Program service revenue: RESIDENT SERVICE FEES

    total $7,536,140 · related or exempt $7,536,140

  • 3 · Investment income

    total $163,026 · related or exempt $163,026

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,149 · program services $2,149

  • 7 · Other salaries and wages

    total $6,471,507 · program services $4,405,045 · management and general $2,066,462

  • 11b · Fees: legal

    total $124,753 · management and general $124,753

  • 11c · Fees: accounting

    total $13,000 · management and general $13,000

  • 12 · Advertising and promotion

    total $37,006 · management and general $37,006

  • 13 · Office expenses

    total $495,442 · program services $457,548 · management and general $37,894

  • 17 · Travel

    total $165,996 · management and general $165,996

  • 19 · Conferences, conventions and meetings

    total $60,915 · program services $22,332 · management and general $38,583

  • 22 · Depreciation, depletion and amortization

    total $101,040 · program services $101,040

  • 23 · Insurance

    total $25,699 · program services $8,566 · management and general $17,133

  • 24a · Other expenses: RENT

    total $76,238 · program services $42,623 · management and general $33,615

  • 24b · Other expenses: SUBSCRIPTIONS & LICENSE

    total $75,112 · management and general $75,112

  • 24c · Other expenses: TELEPHONE

    total $69,914 · program services $23,305 · management and general $46,609

  • 24d · Other expenses: RECRUITING COSTS

    total $64,844 · program services $64,844

  • 24e · All other expenses

    total $29,998 · program services $14,476 · management and general $15,522

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $747,018 · end of year $896,551

  • 4 · Accounts receivable

    beginning of year $453,498 · end of year $389,179

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,026 · end of year $6,507

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

    $116,358

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

    $116,358

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $1,458,209 · end of year $1,706,289

  • 14 · Intangible assets

    beginning of year $210,466 · end of year $109,425

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,733 · end of year $30,130

  • 25 · Other liabilities

    beginning of year $408,098 · end of year $541,051

  • 27 · Net assets without donor restrictions

    beginning of year $2,451,386 · end of year $2,536,770

Mission and programs · 2024

Mission

PROVIDING QUALITY SOCIAL ASSISTANCE TO LOW-INCOME RESIDENTS, INCLUDING PROGRAMS DESIGNED TO RAISE THEIR CULTURAL AND FAMILY STANDARDS.

Activities or mission (Part I)

PROGRAMS DESIGNED TO RAISE THEIR CULTURAL AND FAMILY STANDARDS.

  • EDUCATIONAL, NUTRITIONAL AND RECREATION SERVICES

    Expenses $5,141,928 · Grants $2,149 · Revenue $7,699,166

As filed on the 2024 return.

Listed in Part VII

  • Stacey Jackson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Russ Michaels

    SEC/TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Marie Compton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Ladebb Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Jc Reeves

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Aaron Craig

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Kate Huckins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Robb Erwin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Edwardo Gutierrez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Fisher Lee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

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.

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202543149349303669

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