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Nonprofiteer
← PRMH INC

Form 990 for tax year 2022

Filed by PRMH INC.

Totals

Total revenue
$351,216
Total expenses
$1,446,870
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$284
Other revenue
$350,932
Total assets, end of year
$37,918,553
Total liabilities, end of year
$22,629,692
Net assets or fund balances, end of year
$15,288,861
Program services expenses (Part IX)
$1,446,870
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,446,870

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.

  • 3 · Investment income

    total $284 · excluded $284

  • 6a · Gross rents

    real property $350,932

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $350,932

  • 6d · Net rental income or loss

    total $350,932 · related or exempt $350,932

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $22,600 · program services $22,600

  • 11g · Fees: other

    total $27,500 · program services $27,500

  • 20 · Interest

    total $224,048 · program services $224,048

  • 22 · Depreciation, depletion and amortization

    total $1,172,722 · program services $1,172,722

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $59,759 · end of year $117,907

  • 2 · Savings and temporary cash investments

    beginning of year $52,532 · end of year $71,453

  • 9 · Prepaid expenses and deferred charges

    beginning of year $908,095 · end of year $908,095

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

    $41,031,375

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

    $4,255,277

  • 10c · Land, buildings and equipment, net

    beginning of year $37,948,821 · end of year $36,776,098

  • 11 · Investments: publicly traded securities

    beginning of year $45,000 · end of year $45,000

  • 23 · Secured mortgages and notes payable

    beginning of year $21,525,000 · end of year $21,525,000

  • 25 · Other liabilities

    beginning of year $1,104,692 · end of year $1,104,692

  • 27 · Net assets without donor restrictions

    beginning of year $16,384,515 · end of year $15,288,861

Mission and programs · 2022

Mission

PRMH, INC. SUPPORTS, BENEFITS, AND HELPS CARRY OUT THE PURPOSES OF RONALD MCDONALD HOUSE CHARITIES OF THE PHILADELPHIA REGION (RMH); OPERATES A REAL ESTATE "QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS; AND MAKES DISTRIBUTIONS FOR CHARITABLE PURPOSES.

Activities or mission (Part I)

SUPPORT AND BENEFIT THE PURPOSES OF RONALD MCDONALD HOUSE CHARITIES OF THE PHILADELPHIA REGION.

  • PRMH, INC. PARTICIPATES IN THE NEW MARKETS TAX CREDITS PROGRAM, A FEDERAL INITIATIVE DESIGNED TO ENCOURAGE INVESTMENT IN LOW-INCOME COMMUNITIES. THROUGH THE CLOSING OF THE PRMH, INC.'S NMTC DEAL, IT SECURED APPROXIMATELY $6 MILLION IN FUNDING FOR CONSTRUCTION. PRMH, INC. WILL USE THE FUNDS TO DEVELOP REAL PROPERTY TO BE USED BY THE RMH IN FURTHERING ITS CHARITABLE PURPOSES.

    Expenses $1,446,870 · Revenue $350,932

As filed on the 2022 return.

Listed in Part VII

  • Leonard Bernstein

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 5.5 related

  • Robert Biglin

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 5.5 related

  • Joseph Delaney

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Peter Degnan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Michael McAleer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Susan Campbell

    CEO

    Total calculated
    $227,673
    From this org
    $0
    From related orgs
    $214,899
    Other
    $12,774
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $194,899 related
    Bonus
    $0
    Other
    $0 + $20,000 related
    Deferred
    $0 + $4,298 related
    Nontaxable benefits
    $0 + $8,476 related
    Filer's total
    $0 + $227,673 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

The filer's explanations (Part III)

PARTS I AND II:
PRMH, INC. DOES NOT HIRE OR COMPENSATE EMPLOYEES. SUSAN CAMPBELL, CEO, IS EMPLOYED AND COMPENSATED BY THE RONALD MCDONALD HOUSE CHARITIES OF THE PHILADELPHIA REGION, A RELATED ORGANIZATION EXEMPT UNDER SECTION 501(C)(3).

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 June 2023
IRS schema version
2022v5.0
Source object
202301919349300310

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