Civic Intelligence

Promise Pointe Inc.

990 • Fiscal year 2018 • EIN 81-2532681

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 28, 2019

Organization Profilewww.promisepointe.com
PO Box 2293Victoria, TX 77902

(361) 550-4505

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Higher debt load relative to assets than 58% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

57th percentile

0.00x

Higher debt load relative to revenue than 57% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

98th percentile

91%

Higher net margin than 98% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Balance Sheet
Liabilities / Assets58th percentile

Assets

$403,911

No earlier filing loaded for comparison.

Net Assets

$403,611

No earlier filing loaded for comparison.

Liabilities

$300

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin98th percentile

Revenue

$440,129

No earlier filing loaded for comparison.

Expenses

$38,269

No earlier filing loaded for comparison.

Net Income

$401,860

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2018: $403,911Liabilities 2018: $300Net Assets 2018: $403,6112018Assets 2019: $637,765Liabilities 2019: $1,337Net Assets 2019: $636,4282019Assets 2020: $843,134Liabilities 2020: $2,069Net Assets 2020: $841,0652020Assets 2021: $1,115,270Liabilities 2021: $1,050Net Assets 2021: $1,114,2202021Assets 2022: $1,464,418Liabilities 2022: $2,200Net Assets 2022: $1,462,2182022Assets 2023: $1,641,464Liabilities 2023: $2,733Net Assets 2023: $1,638,7312023Assets 2024: $1,708,435Liabilities 2024: $3,743Net Assets 2024: $1,704,6922024

Highlighted filing

2018

Assets$403,911
Liabilities$300
Net Assets$403,611
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0Revenue 2018: $440,129Expenses 2018: $38,269Net Income 2018: $401,8602018Revenue 2019: $326,267Expenses 2019: $134,840Net Income 2019: $191,4272019Revenue 2020: $310,461Expenses 2020: $105,824Net Income 2020: $204,6372020Revenue 2021: $409,143Expenses 2021: $135,687Net Income 2021: $273,4562021Revenue 2022: $566,189Expenses 2022: $218,193Net Income 2022: $347,9962022Revenue 2023: $405,288Expenses 2023: $228,875Net Income 2023: $176,4132023Revenue 2024: $303,816Expenses 2024: $262,642Net Income 2024: $41,1742024

Highlighted filing

2018

Revenue$440,129
Expenses$38,269
Net Income$401,860
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 28, 2019
Return Version
2018v3.1
Gross Receipts
$483,931
Mission and Program Overview

Mission

Provide housing for the homeless in the Victoria County and surrounding area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,751$403,611▲ $401,860
Land, Buildings, and Equipment, Net-$302,493-
Cash and Non-Interest-Bearing Accounts$1,751$101,418▲ $99,667
Total Assets$1,751$403,911▲ $402,160
Liabilities
Other Liabilities-$300-
Total Liabilities$0$300▲ $300
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,751$403,611▲ $401,860
Total Liabilities and Net Assets / Fund Balance$1,751$403,911▲ $402,160

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$23,735$2,277$26,012
Land$278,758--
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Jim ColePresident
Sherri StricklandVice-President
Bill BuckertDirector
Carrie HendrixDirector
Frank ReyesDirector
Mallory ThurmanDirector
Nelda ChambersDirector
Pam BorchertDirector
Randy MahoneyDirector
Rob CookDirector
Susannah PorrDirector
Gail HoadSecretary
Omar RachidTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$382,815
Program Service Revenue
$0
Investment Income
$56,614
Other Revenue
$700
All Other Contributions
$368,933
Change in Net Assets
$401,860
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$37,249
Total Fundraising Expense$5,312
Salaries, Compensation, and Employee Benefits$1,020
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other--$3,678$3,678
Office Expenses$2,894--$2,894
Advertising$1,025-$1,634$2,659
Depreciation Depletion$2,277--$2,277
Other Salaries and Wages$1,020--$1,020
Conferences and Meetings$480--$480
Other Expenses$70--$70
Total Functional Expenses$32,957$0$5,312$38,269
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
Deposits Payable$300
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“Return is provided to the treasurer, who presents it to the board of trustees. The return is reviewed before being approved for filing.”

Conflict of interest policy compliance Part VI line 12C

“Per organizations policy, all directors and committee members must sign a new Conflict of Interest Policy annually.”

Governing documents etc available to public Part VI line 19

“Upon request of the treasurer, any member of the public may obtain a copy of the financial informaton of Promise Pointe LLC.”

Filing and Contact Details

Filer

Filer Name
Promise Point LLC
EIN
81-2532681
Address
PO Box 2293, Victoria, TX 77902

Signing Officer

Name
Jim Cole
Title
President
Phone
3615750551
Signed
2019-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Cole
Formed
2016
Legal Domicile
TX
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
40

Preparer

Firm
Theodore W Goranson CPA
Address
2202 E Airline Suite A, Victoria, TX 77901
Preparer
Theodore W Goranson
Phone
3615761218
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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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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02277
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt026012
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0300
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Deposits Payable
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0302493
IRS990ScheduleD/TotalLiabilityAmt0300
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Return is provided to the treasurer, who presents it to the board of trustees. The return is reviewed before being approved for filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Per organizations policy, all directors and committee members must sign a new Conflict of Interest Policy annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Upon request of the treasurer, any member of the public may obtain a copy of the financial informaton of Promise Pointe LLC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01751
IRS990/TotalAssetsEOYAmt0403911
IRS990/TotalAssetsGrp/BOYAmt01751
IRS990/TotalAssetsGrp/EOYAmt0403911
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0382815
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05312
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt032957
IRS990/TotalFunctionalExpensesGrp/TotalAmt038269
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0300
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0300
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01751
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0403611
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt032957
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt057314
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0440129
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt040
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01751
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0403911
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0www.promisepointe.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jim Cole
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum03615750551
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Promise Point LLC
ReturnHeader/Filer/BusinessNameControlTxt0PROM
ReturnHeader/Filer/EIN0812532681
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 2293
ReturnHeader/Filer/USAddress/CityNm0Victoria
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077902
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId053930BA0B400E5B47A553BF9B8C0444C742A9506
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId053930BA0B400E5B47A553BF9B8C0444C742A9506
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId0704401201930931ysfix
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-11-05
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.76.100.23
ReturnHeader/FilingSecurityInformation/IPDt02019-11-05
ReturnHeader/FilingSecurityInformation/IPTm014:17:01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0475322921
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Theodore W Goranson CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02202 E Airline Suite A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Victoria
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077901
ReturnHeader/PreparerPersonGrp/PhoneNum03615761218
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Theodore W Goranson
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-10-30T16:07:47-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$403,911
Liabilities
$300
Net assets
$403,611
Revenue
$440,129
Expenses
$38,269
Net income
$401,860
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$0.00$1.70$0.30$0.26$0.04
2023Summary only. Only limited summary data is available for this year.$1.64$0.00$1.64$0.41$0.23$0.18
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.00$1.46$0.57$0.22$0.35
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.00$1.11$0.41$0.14$0.27
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$0.00$0.84$0.31$0.11$0.20
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.00$0.64$0.33$0.13$0.19
2018Detailed filing. Detailed filing data is available for this year.$0.40$0.00$0.40$0.44$0.04$0.40