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Nonprofiteer
← PROVIDENT HOUSING SOLUTIONS INC

Form 990 for tax year 2024

Filed by PROVIDENT HOUSING SOLUTIONS INC.

Totals

Total revenue
$49,948
Total expenses
$72,946
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$49,948
Total assets, end of year
$765,437
Total liabilities, end of year
$936,119
Net assets or fund balances, end of year
-$170,682
Program services expenses (Part IX)
$72,946
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$72,946

Program services were 100.0% 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.

  • 2a · Program service revenue: Developer Fees

  • 6a · Gross rents

    real property $46,537

  • 6c · Rental income or loss

    real property $46,537

  • 6d · Net rental income or loss

    total $46,537 · related or exempt $46,537

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Other

    total $3,411 · related or exempt $3,411

  • 11e · Other revenue, total

    $3,411

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $18,000 · program services $18,000

  • 11b · Fees: legal

    total $7,942 · program services $7,942

  • 11c · Fees: accounting

    total $18,000 · program services $18,000

  • 12 · Advertising and promotion

    total $294 · program services $294

  • 16 · Occupancy

    total $1,424 · program services $1,424

  • 23 · Insurance

    total $2,494 · program services $2,494

  • 24a · Other expenses: Bank Fees

    total $100 · program services $100

  • 24b · Other expenses: Lawn Care

    total $2,000 · program services $2,000

  • 24c · Other expenses: Construction Management

    total $18,000 · program services $18,000

  • 24e · All other expenses

    total $4,692 · program services $4,692

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $153,129 · end of year $124,076

  • 9 · Prepaid expenses and deferred charges

    beginning of year $100 · end of year $100

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

    $641,261

  • 10c · Land, buildings and equipment, net

    beginning of year $641,261 · end of year $641,261

  • 17 · Accounts payable and accrued expenses

    beginning of year $404,445 · end of year $398,390

  • 23 · Secured mortgages and notes payable

    beginning of year $534,186 · end of year $534,186

  • 25 · Other liabilities

    beginning of year $3,543 · end of year $3,543

  • 27 · Net assets without donor restrictions

    beginning of year -$147,684 · end of year -$170,682

Mission and programs · 2024

Mission

Provide affordable housing in the Central Florida Area

  • Provide affordable housing in the Central Florida Area

    Expenses $72,946

As filed on the 2024 return.

Listed in Part VII

  • Joe Carlisle

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • John Phillips

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jim Grayford

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Tom Ryan

    Secretary Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Barry Draper

    Director

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2024
Filed
15 April 2025
IRS schema version
2024v5.2
Source object
202543199349303199

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