Civic Intelligence

Princeton Ministries 4 Inc

EIN 47-5202983 • 501(c)3 • Denver, CO

Profile

Princeton ministries 4, inc. Was formed for the purpose of establishing, owning, and maintaining affordable low-income housing and related housing programs for the aging and indigent, under the guidelines of the u.s. Department of housing and urban development (hud) pursuant to section 202 of the national housing act.

Refreshing map…

1600 Broadway Suite 2000Denver, CO 80202-5704

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

84th percentile

0.53x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

2.45x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

2nd percentile

-220%

Higher net margin than 2% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

95th percentile

$308,489

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 73.8% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

6th percentile

-33%

Faster asset growth than 6% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

40th percentile

1.6%

Faster revenue growth than 40% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$1,926,631

Down $951,790 (-33%) from 2023

Liabilities

Down

$1,025,182

Down $9,055 (-0.9%) from 2023

Net Assets

Down

$901,449

Down $942,735 (-51%) from 2023

Operations
Liabilities / Revenue94th percentileNet Margin2nd percentile

Revenue

Up

$418,104

Up $6,707 (+1.6%) from 2023

Expenses

Up

$1,339,329

Up $888,001 (+197%) from 2023

Net Income

Down

-$921,225

Down $881,294 (-2207%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth6th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2016: $2,461,790Liabilities 2016: $32,477Net Assets 2016: $2,429,3132016Assets 2017: $2,553,045Liabilities 2017: $25,748Net Assets 2017: $2,527,2972017Assets 2018: $3,241,506Liabilities 2018: $1,093,296Net Assets 2018: $2,148,2102018Assets 2019: $3,153,466Liabilities 2019: $1,093,934Net Assets 2019: $2,059,5322019Assets 2020: $3,114,054Liabilities 2020: $1,089,093Net Assets 2020: $2,024,9612020Assets 2021: $3,040,265Liabilities 2021: $1,072,457Net Assets 2021: $1,967,8082021Assets 2022: $2,964,161Liabilities 2022: $1,052,914Net Assets 2022: $1,911,2472022Assets 2023: $2,878,421Liabilities 2023: $1,034,237Net Assets 2023: $1,844,1842023Assets 2024: $1,926,631Liabilities 2024: $1,025,182Net Assets 2024: $901,4492024

Highlighted filing

2024

Assets$1,926,631
Liabilities$1,025,182
Net Assets$901,449
Open 2024 Filing

Operations Trend

Revenue Growth40th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $2,498,826Expenses 2016: $69,513Net Income 2016: $2,429,3132016Revenue 2017: $341,211Expenses 2017: $263,557Net Income 2017: $77,6542017Revenue 2018: $365,622Expenses 2018: $332,536Net Income 2018: $33,0862018Revenue 2019: $363,819Expenses 2019: $423,861Net Income 2019: -$60,0422019Revenue 2020: $377,480Expenses 2020: $412,051Net Income 2020: -$34,5712020Revenue 2021: $385,510Expenses 2021: $435,116Net Income 2021: -$49,6062021Revenue 2022: $398,719Expenses 2022: $441,174Net Income 2022: -$42,4552022Revenue 2023: $411,397Expenses 2023: $451,328Net Income 2023: -$39,9312023Revenue 2024: $418,104Expenses 2024: $1,339,329Net Income 2024: -$921,2252024

Highlighted filing

2024

Revenue$418,104
Expenses$1,339,329
Net Income-$921,225
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,926,631
Liabilities
$1,025,182
Net assets
$901,449
Revenue
$418,104
Expenses
$1,339,329
Net income
-$921,225
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.93$1.03$0.90$0.42$1.34$0.92
2023Detailed filing. Detailed filing data is available for this year.$2.88$1.03$1.84$0.41$0.45$0.04
2022Detailed filing. Detailed filing data is available for this year.$2.96$1.05$1.91$0.40$0.44$0.04
2021Detailed filing. Detailed filing data is available for this year.$3.04$1.07$1.97$0.39$0.44$0.05
2020Detailed filing. Detailed filing data is available for this year.$3.11$1.09$2.02$0.38$0.41$0.03
2019Detailed filing. Detailed filing data is available for this year.$3.15$1.09$2.06$0.36$0.42$0.06
2018Detailed filing. Detailed filing data is available for this year.$3.24$1.09$2.15$0.37$0.33$0.03
2017Detailed filing. Detailed filing data is available for this year.$2.55$0.03$2.53$0.34$0.26$0.08
2016Detailed filing. Detailed filing data is available for this year.$2.46$0.03$2.43$2.50$0.07$2.43
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$418,104
Mission and Program Overview

Mission

Princeton ministries 4, inc. (pm4i), a wholly owned subsidiary of franciscan ministries, inc. (fmi), was formed on september 25, 2015 in accordance with the not-for-profit statutes of the state of kentucky, for the purpose of establishing, owning, and maintaining affordable low-income housing and related housing programs for the aging and indigent, under the guidelines of the u.s. Department of housing and urban development (hud) pursuant to section 202 of the national housing act.

Princeton ministries 4, inc. Was formed on september 25, 2015 in accordance with the not-for-profit statutes of the state of kentucky, for the purpose of establishing, owning, and maintaining affordable low-income housing and related housing programs for the aging and indigent, under the guidelines of the u.s. Department of housing and urban development (hud) pursuant to section 202 of the national housing act.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,467,029$1,500,001▼ $967,028
Cash and Non-Interest-Bearing Accounts$63,112$69,520▲ $6,408
Prepaid Expenses and Deferred Charges$12,659$13,072▲ $413
Accounts Receivable$16$13▼ $3
Total Assets$2,878,421$1,926,631▼ $951,790
Other Assets Total$335,605$344,025▲ $8,420
Liabilities
Mortgage Notes Payable Secured by Investment Property$983,173$963,967▼ $19,206
Accounts Payable and Accrued Expenses$32,345$41,170▲ $8,825
Other Liabilities$10,000$10,000→ $0
Escrow Account Liability$8,616$7,757▼ $859
Deferred Revenue$103$2,288▲ $2,185
Total Liabilities$1,034,237$1,025,182▼ $9,055
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,844,184$901,449▼ $942,735
Total Net Assets Fund Balance$1,844,184$901,449▼ $942,735
Total Liabilities and Net Assets / Fund Balance$2,878,421$1,926,631▼ $951,790

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,143,074-$1,143,074
Land$204,337-$204,337
Other Land Buildings$152,590-$152,590
Other Assets Org$150,779--
Compensation and Service Providers
Top Officer Pay95th percentile

Board Members and Trustees

NameTitle
Melissa ClaytonPresident/director
Kassidi BoeningVice President/director
Joe RosenblumSecretary/director
Revenue and Support

Revenue Composition

Contributions and Grants
$361,072
Program Service Revenue
$55,643
Investment Income
$271
Other Revenue
$1,118
Change in Net Assets
$-921,225

Audited Revenue Reconciliation

Revenue per Audited Statements
$418,104
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$418,104
Total Revenue per Form 990
$418,104
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,339,329
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$169,655--$169,655
Fees for Services Other$118,871--$118,871
Depreciation Depletion$113,655--$113,655
Fees for Services Management$23,761$10,000-$33,761
Other Expenses$25,030--$25,030
Fees for Services Accounting-$14,120-$14,120
Office Expenses$10,842--$10,842
Conferences and Meetings$22--$22
Total Functional Expenses$1,315,209$24,120$0$1,339,329

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,339,329
Total Expenses per Audited Statements$1,339,329
Total Expenses per Form 990$1,339,329
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$10,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The project is managed by mercy housing management ("mhm"), an affiliate of the corporation, pursuant to a management agreement approved by hud. The current management agreement provides for a management fee of 5.20 percent of gross collections. The management agent also earns a $4 per unit per month special fee as part of the better buildings challenge. Such fees charged to activities for the year ended december 31, 2024 were $23,761.”

Form 990, Part VI, Section A, Line 6

“Princeton ministries 4, inc. Is a nonstock, nonprofit corporation with mercy housing wheaton nfp as the sole member.”

Form 990, Part VI, Section A, Line 7A

“The board of trustees of mercy housing, inc. Has authority over princeton ministries 4, inc. In various aspects of operations and management. The reserved rights held by the mercy housing board of trustees, which may be further delegated to the president and ceo of mercy housing, inc., include approval of the following activities: revisions to articles and bylaws; mergers and acquisitions; establishment of new entities; pledging, mortgaging or disposing of all or substantially all assets; obligations of new operating and mortgage debt; and, appointment or removal of governing board members and officers.”

Form 990, Part VI, Section A, Line 7B

“SAME AS LINE 7A”

Form 990, Part VI, Section B, Line 11B

“Each member is given the opportunity to review the return before it is filed.”

Form 990, Part VI, Section B, Line 12C

“The audit committee of mercy housing, inc. Reviews periodically the conflict of interest disclosures and determines whether any action is required.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Princeton Ministries 4 Inc
EIN
47-5202983
Phone
3038303300
Address
1600 BROADWAY SUITE 2000, DENVER, CO 80202-5704

Signing Officer

Name
Chad Payne
Title
Treasurer
Phone
3038303300
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa Clayton
Formed
2015
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Advisory LLC
Address
621 CAPITOL MALL SUITE 2150, SACRAMENTO, CA 95814
Preparer
Jolanta Tuck
Phone
9164429100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Surplus cash distribution -21,510.”

Financial Statement Notes

PART IV, LINE 2B:

“The escrow liability amounts on form 990, part x, line 21 consist of tenant security deposits held in trust for the future benefit of tenants upon moving out of the property as required by regulatory authority.”

PART X, LINE 2:

“The corporation has elected tax-exempt status under section 501(c)(3) of the internal revenue code and did not have any unrelated business income for the year ended december 31, 2024. Due to its tax-exempt status, the corporation is not subject to income taxes. The corporation is required to file and does file tax returns with the internal revenue service and other taxing authorities. Management has analyzed the tax positions taken by the corporation and has concluded that, as of december 31, 2024, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. Accordingly, these financial statements do not reflect a provision for income taxes and the corporation has no other tax positions which must be considered for disclosure. Income tax returns filed by the corporation are subject to examination by the internal revenue service for a period of three years. While no income tax returns are currently being examined by the internal revenue service, tax years since 2021 remain open.”

Raw XML AppendixShowing 400 of 6,101 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0PRINCETON MINISTRIES 4, INC. WAS FORMED ON SEPTEMBER 25, 2015 IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF KENTUCKY, FOR THE PURPOSE OF ESTABLISHING, OWNING, AND MAINTAINING AFFORDABLE LOW-INCOME HOUSING AND RELATED HOUSING PROGRAMS FOR THE AGING AND INDIGENT, UNDER THE GUIDELINES OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT.
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IRS990/ProgramServiceRevenueGrp/Desc0NET RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt055643
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt055643
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0349167
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0148
IRS990/PYOtherExpensesAmt0451328
IRS990/PYOtherRevenueAmt0948
IRS990/PYProgramServiceRevenueAmt061134
IRS990/PYRevenuesLessExpensesAmt0-39931
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0451328
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0411397
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-921225
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt056761
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0LAUNDRY AND VENDING - 2023 AMOUNT: $ 948. 2024 AMOUNT: $ 1,118.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0361072
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0349167
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0344646
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0338775
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0325691
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01719351
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0271
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0148
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt030
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0914
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01363
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt055643
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt061134
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt054043
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt046735
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt050875
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0268430
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0271
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0148
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt030
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0914
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01363
IRS990ScheduleA/InvestmentIncomeCYPct00.00070
IRS990ScheduleA/InvestmentIncomePYPct00.00270
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01118
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0948
IRS990ScheduleA/OtherIncome509Grp/TotalAmt02066
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99830
IRS990ScheduleA/PublicSupportPY509Pct00.99680
IRS990ScheduleA/PublicSupportTotal509Amt01987781
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0416715
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0410301
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0398689
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0385510
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0376566
IRS990ScheduleA/Total509Grp/TotalAmt01987781
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0418104
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0411397
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0398719
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0385510
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0377480
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01991210
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01143074
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01143074
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01339329
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0204337
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0204337
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt08131
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1185115
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2150779
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER RESERVES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0152590
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0152590
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0418104
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ESCROW LIABILITY AMOUNTS ON FORM 990, PART X, LINE 21 CONSIST OF TENANT SECURITY DEPOSITS HELD IN TRUST FOR THE FUTURE BENEFIT OF TENANTS UPON MOVING OUT OF THE PROPERTY AS REQUIRED BY REGULATORY AUTHORITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION HAS ELECTED TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2024. DUE TO ITS TAX-EXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE AND OTHER TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2021 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01500001
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0344025
IRS990ScheduleD/TotalExpensesPerForm990Amt01339329
IRS990ScheduleD/TotalLiabilityAmt010000
IRS990ScheduleD/TotalRevenuePerForm990Amt0418104
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0418104
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01339329
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt010000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt15000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt24000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0263011
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1227582
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2159942
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt016578
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt19554
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt210331
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt018900
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt1828
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt220878
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MELISSA CLAYTON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JOE ROSENBLUM
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2KASSIDI BOENING
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1SECRETARY/DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2VICE PRESIDENT/DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0308489
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1242964
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2195151
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0ANNUALLY THE EXECUTIVE COMMITTEE WITHIN THE MERCY HOUSING, INC. BOARD OF TRUSTEES WILL REVIEW EXECUTIVE SALARIES TO ENSURE COMPETITIVENESS WITH EXTERNAL MARKETS AND FOR INTERNAL EQUITY IN RELATION TO GENERAL EMPLOYEE WAGES AND BENEFITS, INDIVIDUAL AND ORGANIZATIONAL PERFORMANCE, AND THE FINANCIAL RESOURCES OF THE ORGANIZATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROJECT IS MANAGED BY MERCY HOUSING MANAGEMENT ("MHM"), AN AFFILIATE OF THE CORPORATION, PURSUANT TO A MANAGEMENT AGREEMENT APPROVED BY HUD. THE CURRENT MANAGEMENT AGREEMENT PROVIDES FOR A MANAGEMENT FEE OF 5.20 PERCENT OF GROSS COLLECTIONS. THE MANAGEMENT AGENT ALSO EARNS A $4 PER UNIT PER MONTH SPECIAL FEE AS PART OF THE BETTER BUILDINGS CHALLENGE. SUCH FEES CHARGED TO ACTIVITIES FOR THE YEAR ENDED DECEMBER 31, 2024 WERE $23,761.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRINCETON MINISTRIES 4, INC. IS A NONSTOCK, NONPROFIT CORPORATION WITH MERCY HOUSING WHEATON NFP AS THE SOLE MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF TRUSTEES OF MERCY HOUSING, INC. HAS AUTHORITY OVER PRINCETON MINISTRIES 4, INC. IN VARIOUS ASPECTS OF OPERATIONS AND MANAGEMENT. THE RESERVED RIGHTS HELD BY THE MERCY HOUSING BOARD OF TRUSTEES, WHICH MAY BE FURTHER DELEGATED TO THE PRESIDENT AND CEO OF MERCY HOUSING, INC., INCLUDE APPROVAL OF THE FOLLOWING ACTIVITIES: REVISIONS TO ARTICLES AND BYLAWS; MERGERS AND ACQUISITIONS; ESTABLISHMENT OF NEW ENTITIES; PLEDGING, MORTGAGING OR DISPOSING OF ALL OR SUBSTANTIALLY ALL ASSETS; OBLIGATIONS OF NEW OPERATING AND MORTGAGE DEBT; AND, APPOINTMENT OR REMOVAL OF GOVERNING BOARD MEMBERS AND OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SAME AS LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH MEMBER IS GIVEN THE OPPORTUNITY TO REVIEW THE RETURN BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE AUDIT COMMITTEE OF MERCY HOUSING, INC. REVIEWS PERIODICALLY THE CONFLICT OF INTEREST DISCLOSURES AND DETERMINES WHETHER ANY ACTION IS REQUIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7SURPLUS CASH DISTRIBUTION -21,510.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd50

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