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← PROMISE COMMUNITY HOMES

Form 990 for tax year 2024

Filed by PROMISE COMMUNITY HOMES.

Totals

Total revenue
$2,946,753
Total expenses
$2,449,089
Contributions and grants received
$1,006,063
Grants paid
$0
Program service revenue
$1,326,157
Investment income
$302,435
Other revenue
$312,098
Total assets, end of year
$11,855,735
Total liabilities, end of year
$3,346,008
Net assets or fund balances, end of year
$8,509,727
Program services expenses (Part IX)
$1,823,350
Management and general expenses
$366,381
Fundraising expenses
$259,358
Program service expenses (Part III)
$1,823,350

Program services were 74.5% 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.

  • 1f · All other contributions, gifts and grants

    $1,006,063

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

    total $1,276,614 · related or exempt $1,276,614

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

    total $49,543 · related or exempt $49,543

  • 3 · Investment income

    total $21,852 · excluded $21,852

  • 7a · Gross sales of assets other than inventory

    other assets $401,908

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

    other assets $121,325

  • 7c · Gain or loss

    other assets $280,583

  • 7d · Net gain or loss

    total $280,583

  • 8a · Fundraising events: gross income

    $213,175

  • 8b · Fundraising events: direct expenses

    $84,824

  • 8c · Net income from fundraising events

    total $128,351

  • 11a · Other revenue: OTHER INCOME

    total $183,747

  • 11e · Other revenue, total

    $183,747

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 $703,958 · program services $330,860 · management and general $204,148 · fundraising $168,950

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $132,088 · program services $62,081 · management and general $38,306 · fundraising $31,701

  • 10 · Payroll taxes

    total $60,590 · program services $28,477 · management and general $17,571 · fundraising $14,542

  • 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 $95,090 · program services $31,380 · management and general $45,643 · fundraising $18,067

  • 12 · Advertising and promotion

    total $9,402 · program services $9,402

  • 13 · Office expenses

    total $13,915 · program services $10,855 · management and general $2,192 · fundraising $868

  • 14 · Information technology

    total $58,866 · program services $25,241 · management and general $28,256 · fundraising $5,369

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $144,855 · program services $144,855

  • 17 · Travel

    total $27,968 · program services $27,968

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $6,216 · program services $4,165 · management and general $1,243 · fundraising $808

  • 20 · Interest

    total $74,610 · program services $74,069 · management and general $213 · fundraising $328

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $417,392 · program services $417,392

  • 23 · Insurance

    total $169,399 · program services $169,399

  • 24a · Other expenses: OPERATIONS AND MAINTENANCE

    total $356,600 · program services $356,600

  • 24b · Other expenses: OTHER MISC

    total $178,140 · program services $130,606 · management and general $28,809 · fundraising $18,725

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $858,271 · end of year $1,030,822

  • 4 · Accounts receivable

    beginning of year $400 · end of year $496

  • 9 · Prepaid expenses and deferred charges

    beginning of year $52,464

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

    $16,828,948

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

    $6,066,936

  • 10c · Land, buildings and equipment, net

    beginning of year $10,391,544 · end of year $10,762,012

  • 15 · Other assets

    beginning of year $45,196 · end of year $62,405

  • 17 · Accounts payable and accrued expenses

    beginning of year $119,760 · end of year $50,870

  • 19 · Deferred revenue

    beginning of year $14,201

  • 23 · Secured mortgages and notes payable

    beginning of year $1,412,421 · end of year $3,214,229

  • 25 · Other liabilities

    beginning of year $586,292 · end of year $80,909

  • 27 · Net assets without donor restrictions

    beginning of year $9,215,201 · end of year $8,375,883

  • 28 · Net assets with donor restrictions

    end of year $133,844

Mission and programs · 2024

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 $1,823,350

As filed on the 2024 return.

Listed in Part VII

  • MATT ELMORE

    EXECUTIVE DIRECTOR

    Total calculated
    $129,035
    From this org
    $129,035
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

  • MARCUS ADRIAN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • CATHY ASH

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • MICK YAEGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • BRENDA WEBER

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • CHRIS BARBOUR

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • EILEEN COLE

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • LELE ENGLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • MIKE GARDNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • MEGHANN SCHULZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • DENNY HAYDEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • MIKE LETZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • KATHRYN REDMOND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • VANESSA KERNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • MARK YAEGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • KRISTEN COOPER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • CHRISSY BECK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • JIM HEGGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 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.

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
2024
Filed
15 October 2025
IRS schema version
2024v5.2
Source object
202522889349302822

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