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Nonprofiteer
← Prospect Services Inc

Form 990 for tax year 2023

Filed by Prospect Services Inc.

Totals

Total revenue
$82,200
Total expenses
$130,881
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$82,200
Investment income
$0
Other revenue
$0
Total assets, end of year
$584,232
Total liabilities, end of year
$755,289
Net assets or fund balances, end of year
-$171,057
Program services expenses (Part IX)
$117,845
Management and general expenses
$13,036
Fundraising expenses
$0
Program service expenses (Part III)
$117,845

Program services were 90.0% 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: RENTAL INCOME

    total $82,200 · related or exempt $82,200

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,050 · management and general $2,050

  • 13 · Office expenses

    total $182 · management and general $182

  • 22 · Depreciation, depletion and amortization

    total $60,052 · program services $57,650 · management and general $2,402

  • 24a · Other expenses: UTILITIES

    total $41,651 · program services $39,985 · management and general $1,666

  • 24b · Other expenses: MANAGEMENT FEE RELATED

    total $26,946 · program services $20,210 · management and general $6,736

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,135 · end of year $57,597

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

    $1,292,271

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

    $765,636

  • 10c · Land, buildings and equipment, net

    beginning of year $545,213 · end of year $526,635

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $1,142

  • 25 · Other liabilities

    beginning of year $685,724 · end of year $754,147

  • 27 · Net assets without donor restrictions

    beginning of year -$122,376 · end of year -$171,057

Mission and programs · 2023

Mission

PROSPECT SERVICES IS A SUPPORTING ORGANIZATION OF PROSPECT HOUSE. PROSPECT SERVICES IS ORGANIZED AND OPERATED TO PROVIDE RENTAL FACILITIES FOR PROSPECT HOUSE. PROSPECT HOUSE IS A SECTION 501(C) PUBLIC ORGANIZATION THAT WAS FORMED TO PROVIDE A RECOVERY FACILITY FOR CHEMICALLY DEPENDENT MEN.

Activities or mission (Part I)

RESIDENTIAL HOUSING & SERVICES FOR ALCOHOL & DRUG REHABILITATION SERVICES

  • PROVIDES RESIDENTIAL HOUSING (65 BEDS), COUNSELING FACILITIES & SOME ADMINISTRATIVE SERVICES FOR ADDICTED MEN IN THE ALCOHOL & DRUG REHABILITATION PROGRAMS OF THE AFFILIATE - PROSPECT HOUSE, INC

    Expenses $117,845 · Revenue $82,200

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Earls

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Sheila Lynch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Craig Kurz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Bob Byrne

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Michael Gureasko

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Daniel Payne

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Reginald Gibson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mardie Hay

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Rob Bowman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Rhonda Norman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Bill Farmer

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    20

  • Dennis Carroll

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Carla Patrick

    DIRECTOR OF FINANCE

    Total calculated
    $80,097
    From this org
    $0
    From related orgs
    $80,097
    Other
    $0
    Hours/week
    20

  • Mary Cumings

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Jim D'Wolf

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Monica Sullivan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mark Fallon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Trevor Van Wagenen

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Tom Croft

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Scott Harvey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • David Logan

    FORMER EXECUTIVE DIRECTOR

    Total calculated
    $25,025
    From this org
    $0
    From related orgs
    $25,025
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $25,025 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $25,025 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

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
2023
Filed
27 January 2025
IRS schema version
2023v6.0
Source object
202500279349301490

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