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PROMISE DEVELOPMENT CORPORATION

EIN 31-1708526 MEMPHIS, TN

Revenue 2023
$3,499,542
Expenses 2023
$3,450,236

Program services were 79.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
L25
Classification
1000
Street
262 CHELSEA AVE SUITE 101

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Officers and directors · 2023

As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • JANICE BENNETT

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • RODNEY SANDERS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JUSTIN STARLING

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DEMETRA KEYS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT MALONE

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MELVIN WILLIAMS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHEMISE BUIRSE

    BOARD CHAIR/PRESIDENT

    Total calculated
    $0
    Hours/week
    11 + 1 related

  • REVA MARSHALL

    SECRETARY

    Total calculated
    $25,350
    From this org
    $25,017
    From related orgs
    $0
    Other
    $333
    Hours/week
    20 + 20 related

  • CORNELIUS SANDERS

    EXECUTIVE DIRECTOR

    Total calculated
    $128,247
    From this org
    $124,668
    From related orgs
    $0
    Other
    $3,579
    Hours/week
    30 + 30 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 — compensation, contributions to benefit plans, and expense account — and the total sums those. Earlier years are each on their own filing page.

Filings

  • 2023
    Revenue
    $3,499,542
    Expenses
    $3,450,236
    Contributions
    $2,212,616
    Grants paid
    $0
  • 2022
    Revenue
    $4,277,565
    Expenses
    $3,199,253
    Contributions
    $3,032,764
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2023 return

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 10 September 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.