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Nonprofiteer
← PROMISE COMMUNITY HOMES

Form 990 for tax year 2025

Filed by PROMISE COMMUNITY HOMES.

Totals

Total revenue
$2,375,694
Total expenses
$2,313,779
Contributions and grants received
$1,118,150
Grants paid
$0
Program service revenue
$1,304,841
Investment income
-$330,368
Other revenue
$283,071
Total assets, end of year
$11,704,624
Total liabilities, end of year
$3,132,982
Net assets or fund balances, end of year
$8,571,642
Program services expenses (Part IX)
$1,532,708
Management and general expenses
$584,525
Fundraising expenses
$196,546
Program service expenses (Part III)
$1,532,708

Program services were 66.2% 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

    $1,118,150

  • 2a · Program service revenue: TENANT RENT AND CHARGES

    total $1,130,026 · related or exempt $1,130,026

  • 2b · Program service revenue: MANAGEMENT AND OTHER FEES

    total $174,815 · related or exempt $174,815

  • 3 · Investment income

    total $25,181

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

    other assets $355,549

  • 7c · Gain or loss

    other assets -$355,549

  • 7d · Net gain or loss

    total -$355,549

  • 8a · Fundraising events: gross income

    $183,191

  • 8b · Fundraising events: direct expenses

    $99,089

  • 8c · Net income from fundraising events

    total $84,102

  • 11a · Other revenue: OTHER INCOME

    total $198,969

  • 11e · Other revenue, total

    $198,969

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $760,920 · program services $304,969 · management and general $292,124 · fundraising $163,827

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $128,632 · program services $33,384 · management and general $93,544 · fundraising $1,704

  • 10 · Payroll taxes

    total $56,157 · program services $23,437 · management and general $20,457 · fundraising $12,263

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $51,825 · management and general $51,825

  • 12 · Advertising and promotion

    total $15,720 · management and general $15,720

  • 13 · Office expenses

    total $11,340 · management and general $11,340

  • 14 · Information technology

    total $55,264 · management and general $55,264

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $166,650 · program services $162,089 · management and general $4,561

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $1,216 · management and general $1,216

  • 20 · Interest

    total $67,292 · program services $67,292

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $464,532 · program services $464,532

  • 23 · Insurance

    total $155,410 · program services $155,410

  • 24a · Other expenses: OPERATIONS AND MAINTENANCE

    total $292,917 · program services $292,917

  • 24b · Other expenses: OTHER MISC

    total $85,904 · program services $28,678 · management and general $38,474 · fundraising $18,752

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,030,822 · end of year $527,553

  • 4 · Accounts receivable

    beginning of year $496 · end of year $22,330

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

    $17,004,237

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

    $5,908,750

  • 10c · Land, buildings and equipment, net

    beginning of year $10,762,012 · end of year $11,095,487

  • 15 · Other assets

    beginning of year $62,405 · end of year $59,254

  • 17 · Accounts payable and accrued expenses

    beginning of year $50,870 · end of year $16,194

  • 23 · Secured mortgages and notes payable

    beginning of year $3,214,229 · end of year $3,036,498

  • 25 · Other liabilities

    beginning of year $80,909 · end of year $80,290

  • 27 · Net assets without donor restrictions

    beginning of year $8,375,883 · end of year $8,571,642

  • 28 · Net assets with donor restrictions

    beginning of year $133,844

Mission and programs · 2025

Mission

PROMISE COMMUNITY ENHANCES THE LIVES OF INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES BY PROVIDING SAFE AND AFFORDABLE HOMES.

Activities or mission (Part I)

LOW INCOME HOUSING FOR THE DISABLED ELDERLY.

  • THE ORGANIZATION PROVIDED HOUSING FOR DEVELOPMENTALLY DISABLED ADULTS IN THE GREATER ST. LOUIS AREA.

    Expenses $1,532,708

As filed on the 2025 return.

Listed in Part VII

  • MATT ELMORE

    EXECUTIVE DIRECTOR

    Total calculated
    $134,264
    From this org
    $134,264
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • MARCUS ADRIAN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • CATHY ASH

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • CHRIS BARBOUR

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • EILEEN COLE

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • LELE ENGLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MIKE GARDNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MEGHANN SCHULZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DENNY HAYDEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MIKE LETZ

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • KATHRYN REDMOND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • VANESSA KERNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARK YAEGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KRISTEN COOPER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CHRISSY BECK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JIM HEGGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MICK WELTMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MATTHEW RENIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOHNNA MURRAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PATRICK BENNETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SANDRA DRESSEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2025
Filed
15 June 2026
IRS schema version
2025v4.1
Source object
202631669349302408

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