Civic Intelligence

Promise House Inc

EIN 75-2180083 • 501(c)3 • Dallas, TX

Profile

Promise house embraces homeless, runaway & at-risk teens, giving them individualized support, skills, encouragement and hope to live a better life. We accomplish this through: crisis intervention, emergency shelter and long-term housing, case management and counseling services, educational services, advocacy and outreach.

224 West Page AvenueDallas, TX 75208

www.promisehouse.org

Siviq Scores

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

Liabilities / Assets

90th percentile

0.77x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

75th percentile

0.32x

Higher debt load relative to revenue than 75% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

13th percentile

-23%

Higher net margin than 13% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

88th percentile

$182,378

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

9th percentile

-22%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

12th percentile

-27%

Faster revenue growth than 12% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$2,019,995

Down $562,971 (-22%) from 2021

Liabilities

Up

$1,552,993

Up $1,169,537 (+305%) from 2021

Net Assets

Down

$467,002

Down $1,732,508 (-79%) from 2021

Revenue

Down

$4,850,103

Down $1,807,007 (-27%) from 2021

Expenses

Down

$5,943,949

Down $776,612 (-12%) from 2021

Net Income

Down

-$1,093,846

Down $1,030,395 (-1624%) from 2021

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $2,703,776Liabilities 2010: $432,386Net Assets 2010: $2,271,3902010Assets 2011: $2,691,148Liabilities 2011: $394,725Net Assets 2011: $2,296,4232011Assets 2012: $2,278,561Liabilities 2012: $145,284Net Assets 2012: $2,133,2772012Assets 2013: $2,516,396Liabilities 2013: $125,320Net Assets 2013: $2,391,0762013Assets 2014: $2,600,685Liabilities 2014: $220,720Net Assets 2014: $2,379,9652014Assets 2015: $3,047,317Liabilities 2015: $252,028Net Assets 2015: $2,795,2892015Assets 2016: $2,724,376Liabilities 2016: $223,875Net Assets 2016: $2,500,5012016Assets 2017: $2,830,190Liabilities 2017: $230,375Net Assets 2017: $2,599,8152017Assets 2018: $2,662,223Liabilities 2018: $134,857Net Assets 2018: $2,527,3662018Assets 2019: $2,176,296Liabilities 2019: $227,873Net Assets 2019: $1,948,4232019Assets 2020: $2,645,277Liabilities 2020: $224,226Net Assets 2020: $2,421,0512020Assets 2021: $2,582,966Liabilities 2021: $383,456Net Assets 2021: $2,199,5102021Assets 2022: $2,019,995Liabilities 2022: $1,552,993Net Assets 2022: $467,0022022

Highlighted filing

2022

Assets$2,019,995
Liabilities$1,552,993
Net Assets$467,002

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $3,287,3662010Expenses 2011: $3,217,7742011Revenue 2012: $2,926,655Expenses 2012: $3,089,801Net Income 2012: -$163,1462012Expenses 2013: $2,757,2072013Revenue 2014: $2,940,310Expenses 2014: $2,951,421Net Income 2014: -$11,1112014Revenue 2015: $3,623,210Expenses 2015: $3,207,886Net Income 2015: $415,3242015Revenue 2016: $3,426,122Expenses 2016: $3,564,378Net Income 2016: -$138,2562016Revenue 2017: $3,995,723Expenses 2017: $3,896,409Net Income 2017: $99,3142017Revenue 2018: $5,136,510Expenses 2018: $5,208,959Net Income 2018: -$72,4492018Revenue 2019: $5,070,315Expenses 2019: $5,651,532Net Income 2019: -$581,2172019Revenue 2020: $6,873,539Expenses 2020: $6,414,465Net Income 2020: $459,0742020Revenue 2021: $6,657,110Expenses 2021: $6,720,561Net Income 2021: -$63,4512021Revenue 2022: $4,850,103Expenses 2022: $5,943,949Net Income 2022: -$1,093,8462022

Highlighted filing

2022

Revenue$4,850,103
Expenses$5,943,949
Net Income-$1,093,846

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$2.02$1.55$0.47$4.85$5.94$1.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.58$0.38$2.20$6.66$6.72$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.65$0.22$2.42$6.87$6.41$0.46
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.18$0.23$1.95$5.07$5.65$0.58
2018Detailed filing. Detailed filing data is available for this year.$2.66$0.13$2.53$5.14$5.21$0.07
2017Detailed filing. Detailed filing data is available for this year.$2.83$0.23$2.60$4.00$3.90$0.10
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.72$0.22$2.50$3.43$3.56$0.14
2015Detailed filing. Detailed filing data is available for this year.$3.05$0.25$2.80$3.62$3.21$0.42
2014Detailed filing. Detailed filing data is available for this year.$2.60$0.22$2.38$2.94$2.95$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.52$0.13$2.39$2.76
2012Summary only. Only limited summary data is available for this year.$2.28$0.15$2.13$2.93$3.09$0.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.69$0.39$2.30$3.22
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.70$0.43$2.27$3.29
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Jul 10, 2023
Return Version
2021v4.2
Gross Receipts
$4,850,103
Mission and Program Overview

Mission

Promise house embraces homeless, runaway & at-risk teens, giving them individualized support, skills, encouragement and hope to live a better life. We accomplish this through crisis intervention, emergency shelter and long-term housing, case management and counseling services, educational services, advocacy and outreach.

Promise house embraces homeless, runaway & at-risk teens, giving them individualized support, skills, encouragement and hope to live a better life. We accomplish this through crisis intervention, emergency shelter and long-term housing, case management, counseling services,

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,086,708$946,156▼ $140,552
Savings and Temporary Cash Investments$514,060$468,658▼ $45,402
Pledges and Grants Receivable$317,195$340,359▲ $23,164
Cash and Non-Interest-Bearing Accounts$403,465$237,599▼ $165,866
Prepaid Expenses and Deferred Charges$15,269$27,223▲ $11,954
Total Assets$2,346,447$2,019,995▼ $326,452
Other Assets Total$9,750--
Liabilities
Other Liabilities$546,798$1,284,162▲ $737,364
Accounts Payable and Accrued Expenses$216,413$246,443▲ $30,030
Deferred Revenue$22,388$22,388→ $0
Total Liabilities$785,599$1,552,993▲ $767,394
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,419,410$1,419,410→ $0
Net Assets Without Donor Restrictions$141,438$-952,408▼ $1,093,846
Total Net Assets Fund Balance$1,560,848$467,002▼ $1,093,846
Total Liabilities and Net Assets / Fund Balance$2,346,447$2,019,995▼ $326,452

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$355,652$1,569,850$1,925,502
Leasehold Improvements$194,421$978,348$1,172,769
Other Land Buildings$245,309$-60,551$184,758
Land$146,439-$146,439
Equipment$4,335$32,996$37,331
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charles M WolfordChief Executive OfficerFT$170,671$11,707$182,378
Regina LevineChief Program OfficerFT$113,819$10,552$124,371
Decobia Gray-lambertChief Philanthropy OfficerFT$113,492$8,296$121,788

Board Members and Trustees

NameTitle
Errika Flood-moltriePresidentdirector
Kerrie GodwinVice Presidentdirector
Anne HaganDirector
Catherine YatesDirector
Cristina SevadjianDirector
Edward Renteria JrDirector
Jacqueline MarshallDirector
Logan WallerDirector
Paul LanaganDirector
Ryan StempfDirector
Sean MhlangaDirector
Stephanie ByrdDirector
Tina RodriguezDirector
Trevor DowdSecretarydirector
Revenue and Support

Revenue Composition

Contributions and Grants
$4,822,863
Program Service Revenue
$0
Investment Income
$10,218
Other Revenue
$17,022
All Other Contributions
$1,688,491
Change in Net Assets
$-1,093,846
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,249,641
Other Expenses$1,694,308
Total Fundraising Expense$567,998
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,261,335$579,987$120,833$2,962,155
Other Employee Benefits$408,721$107,367$27,119$543,207
Current Officers, Directors, Trustees, and Key Employees$124,371$182,377$124,190$430,938
Occupancy$265,898$34,464$10,692$311,054
Payroll Taxes$202,615$54,020$16,451$273,086
Fees for Services Other$91,530$65,118$115,324$271,972
Depreciation Depletion$63,386$123,660-$187,046
All Other Expenses$1,605$137,318$669$139,592
Insurance$94,459$25,740$5,989$126,188
Information Technology$60,678$25,166$20,289$106,133
Office Expenses$29,668$58,090$11,183$98,941
Pension Plan Contributions$33,597$6,074$584$40,255
Travel$25,145$2,559$494$28,198
Interest$132$12,128-$12,260
Other Expenses$7,063$343$105,683$7,063
Total Functional Expenses$3,959,982$1,415,969$567,998$5,943,949
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf$33,045-$16,969-
Promise to C$30,418-$36,850-
Total Events$117,517-$98,683$-98,683
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable-line of Credit$500,000
Deferred Grants$323,725
Accrued Vacation Payable$183,410
Due to Dfps$136,646
Due to Cps$136,645
Due to Tlp Res$3,736
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Form 990 is reviewed by members of the finance sub-committee of the board of directors. The finance sub-committee recommends to the board of directors acceptance and filing of the report. The board of directors receive a complete copy of the form 990 via electronic mail prior to the board of directors meeting for their review. A record of the vote to approve the report is documented in the official minutes of the meeting.

Conflict of interest policy compliance Part VI line 12C

Members of the board of directors, as well as key empoyees, review the agencys conflict of interest policy annually, disclosing and documenting interests with the potential for conflict of interest. Completed forms are reviewed by the executive sub-committee of the board of directors. The sub-committee develops and implements a plan of correction. Documentation and disclosure is required for each major purchase (in excess of $10,000) or service contract award to ensure potential conflicts of interest and/or related party transactions are identified and prevented. Executive-level staff as well as the executive sub-committee of the board of directors review this information, enacting safeguards as warranted to prevent conflicts of interest.

CEO executive director top management comp Part VI line 15A

Members of the executive sub-committee of the board of directors perform an annual written performance review of the executive directors performance. Recommended compensation, bonuses and fringe benefits are reviewed in conjunction with the performance appraisal process. Compensation levels are benchmarked against local organizations of similar size and function with an approved salary range established annually to reflect results of the benchmarking. Recommended compensation and benefit package are presented to the finance sub-committee of the board of directors for inclusion in the annual operations budget. The final budget is presented by the finance sub-committee of the board of directors for approval during the annual board of directors meeting.

Governing documents etc available to public Part VI line 19

Audited financial statements, as well as the 990 report are posted on the organizations website as well as the companys internal website. Governing documents and the conflict of interest policy are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Promise House Inc
EIN
75-2180083
Address
224 WEST PAGE AVENUE, Dallas, TX 75208

Signing Officer

Name
Charles Wolford Ii
Title
CEO
Phone
2149418578
Signed
2023-07-10
Discuss with paid preparer
No

Organization Details

Formed
1984
Legal Domicile
TX
Voting Board Members
14
Independent Board Members
14
Employees
95
Volunteers
66

Preparer

Firm
JH Talley P C
Address
PO Box 382150, Duncanville, TX 75138-2150
Preparer
James H Talley CPA
Phone
2149413800
Supplemental Narrative

Additional Explanations

Not undergone required audits or steps for audit part XII line 3B

The audit has not been engaged at this point because the previous audit was just completed.

Raw XML AppendixShowing 400 of 568 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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