Civic Intelligence

Promise Pointe Inc.

990 • Fiscal year 2020 • EIN 81-2532681

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 01, 2021

P O Box 2293Victoria, TX 77902

(361) 550-9204

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.00x

Higher debt load relative to assets than 32% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

34th percentile

0.01x

Higher debt load relative to revenue than 34% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

94th percentile

66%

Higher net margin than 94% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

76th percentile

32%

Faster asset growth than 76% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

44th percentile

-4.8%

Faster revenue growth than 44% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$843,134

Up $205,369 (+32%) from 2019

Net Assets

Up

$841,065

Up $204,637 (+32%) from 2019

Liabilities

Up

$2,069

Up $732 (+55%) from 2019

Revenue

Down

$310,461

Down $15,806 (-4.8%) from 2019

Expenses

Down

$105,824

Down $29,016 (-22%) from 2019

Net Income

Up

$204,637

Up $13,210 (+6.9%) from 2019

Historical Trend

Balance Sheet Trend

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

2020

Assets$843,134
Liabilities$2,069
Net Assets$841,065

Operations Trend

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

2020

Revenue$310,461
Expenses$105,824
Net Income$204,637
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 1, 2021
Return Version
2020v4.0
Gross Receipts
$310,461
Mission and Program Overview

Mission

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

Provide housing for the homeless in victoria county and surrounding areas

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$394,826$514,251▲ $119,425
Cash and Non-Interest-Bearing Accounts$134,435$169,340▲ $34,905
Prepaid Expenses and Deferred Charges$1,682$2,028▲ $346
Total Assets$637,765$843,134▲ $205,369
Other Assets Total$106,822$157,515▲ $50,693
Liabilities
Other Liabilities$750$1,050▲ $300
Accounts Payable and Accrued Expenses$587$1,019▲ $432
Total Liabilities$1,337$2,069▲ $732
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$569,885$765,573▲ $195,688
Net Assets With Donor Restrictions$66,543$75,492▲ $8,949
Total Net Assets Fund Balance$636,428$841,065▲ $204,637
Total Liabilities and Net Assets / Fund Balance$637,765$843,134▲ $205,369

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$459,272-$459,272
Land$92,339-$92,339
Other Assets Org$157,515--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jim ColePresident
Bruce WoolsonDirector
Frank ReyesDirector
Jewel BuchananDirector
John PierceDirector
Mike OlsonDirector
Nelda ChambersDirector
Pam BorchertDirector
Randy MahoneyDirector
Roslyn FaustDirector
Susanna PorrDirector
Sister Rebecca JanacekCommunity Mg
Gail HoadSecretary
Buddy BreivogelTreasurer
Sherri StricklandVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$287,598
Program Service Revenue
$22,415
Investment Income
$0
Other Revenue
$448
All Other Contributions
$287,598
Change in Net Assets
$204,637
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$105,824
Total Fundraising Expense$2,104
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$15,351$5,121-$20,472
All Other Expenses$10,648$1,933$2,104$14,685
Insurance$5,823$1,941-$7,764
Other Expenses$5,000$1,852-$5,000
Fees for Services Legal-$4,750-$4,750
Office Expenses$811$2,437-$3,248
Information Technology$1,138$379-$1,517
Advertising$1,122--$1,122
Occupancy-$715-$715
Total Functional Expenses$71,853$31,867$2,104$105,824
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
Other Liability$1,050
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 12C

All board members up date their conflict of interest forms and sign off on each december.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Promise Pointe Inc
EIN
81-2532681
Address
P O BOX 2293, VICTORIA, TX 77902

Signing Officer

Name
Buddy Breivogel
Title
Treasurer
Signed
2021-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Cole
Formed
2016
Legal Domicile
TX
Voting Board Members
14
Independent Board Members
14
Employees
0

Preparer

Firm
Margaret E Fisseler CPA
Address
122 S COMMERCIAL ST, GOLIAD, TX 77963
Preparer
Margaret Fisseler
Phone
3616453286
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Began providing a permanent affordable housing and a supportative community for the chromically homeless in victoria, texas and the crossroads region. Continued to build "tiny houses" (which contain one room and a closet) for residents, created a community laundry, library and bath building. Assisted residents in regaining their independence and helped to create better lives that would have been impossible without a safe and sound home in which to live. At the end of 2019 5 "tiny houses" had been completed and occupied. Construction of additional "tiny houses" began at the end of the year.

Form 990, Page 2, Part III, Line 4D

Began providing a permanent affordable housing and a supportative community for the chromically homeless in victoria, texas and the crossroads region. Continued to build "tiny houses" (which contain one room and a closet) for residents, created a community laundry, library and bath building. Assisted residents in regaining their independence and helped to create better lives that would have been impossible without a safe and sound home in which to live. At the end of 2019 5 "tiny houses" had been completed and occupied. Construction of additional "tiny houses" began at the end of the year.

Form 990, Part IX, Line 24E

Grounds maintenance 3,092 1,031 0 misc 1,770 590 0 supplies 2,000 0 0 fundraising 0 0 1,470 waste & pest 935 312 0 microenterprise 1,043 0 0 kitchen 1 833 0 0 community event 0 0 634 food pantry 329 0 0 gas 205 0 0 in kind 200 0 0 resident assist 200 0 0 volunteer 41 0 0 total 10,648 1,933 2,104

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IRS990/ProgramServiceRevenueGrp/Desc0RENT INCOME
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0BEGAN PROVIDING A PERMANENT AFFORDABLE HOUSING AND A SUPPORTATIVE COMMUNITY FOR THE CHROMICALLY HOMELESS IN VICTORIA, TEXAS AND THE CROSSROADS REGION. CONTINUED TO BUILD "TINY HOUSES" (WHICH CONTAIN ONE ROOM AND A CLOSET) FOR RESIDENTS, CREATED A COMMUNITY LAUNDRY, LIBRARY AND BATH BUILDING. ASSISTED RESIDENTS IN REGAINING THEIR INDEPENDENCE AND HELPED TO CREATE BETTER LIVES THAT WOULD HAVE BEEN IMPOSSIBLE WITHOUT A SAFE AND SOUND HOME IN WHICH TO LIVE. AT THE END OF 2019 5 "TINY HOUSES" HAD BEEN COMPLETED AND OCCUPIED. CONSTRUCTION OF ADDITIONAL "TINY HOUSES" BEGAN AT THE END OF THE YEAR.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BEGAN PROVIDING A PERMANENT AFFORDABLE HOUSING AND A SUPPORTATIVE COMMUNITY FOR THE CHROMICALLY HOMELESS IN VICTORIA, TEXAS AND THE CROSSROADS REGION. CONTINUED TO BUILD "TINY HOUSES" (WHICH CONTAIN ONE ROOM AND A CLOSET) FOR RESIDENTS, CREATED A COMMUNITY LAUNDRY, LIBRARY AND BATH BUILDING. ASSISTED RESIDENTS IN REGAINING THEIR INDEPENDENCE AND HELPED TO CREATE BETTER LIVES THAT WOULD HAVE BEEN IMPOSSIBLE WITHOUT A SAFE AND SOUND HOME IN WHICH TO LIVE. AT THE END OF 2019 5 "TINY HOUSES" HAD BEEN COMPLETED AND OCCUPIED. CONSTRUCTION OF ADDITIONAL "TINY HOUSES" BEGAN AT THE END OF THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BEGAN PROVIDING A PERMANENT AFFORDABLE HOUSING AND A SUPPORTATIVE COMMUNITY FOR THE CHROMICALLY HOMELESS IN VICTORIA, TEXAS AND THE CROSSROADS REGION. CONTINUED TO BUILD "TINY HOUSES" (WHICH CONTAIN ONE ROOM AND A CLOSET) FOR RESIDENTS, CREATED A COMMUNITY LAUNDRY, LIBRARY AND BATH BUILDING. ASSISTED RESIDENTS IN REGAINING THEIR INDEPENDENCE AND HELPED TO CREATE BETTER LIVES THAT WOULD HAVE BEEN IMPOSSIBLE WITHOUT A SAFE AND SOUND HOME IN WHICH TO LIVE. AT THE END OF 2019 5 "TINY HOUSES" HAD BEEN COMPLETED AND OCCUPIED. CONSTRUCTION OF ADDITIONAL "TINY HOUSES" BEGAN AT THE END OF THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL BOARD MEMBERS UP DATE THEIR CONFLICT OF INTEREST FORMS AND SIGN OFF ON EACH DECEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GROUNDS MAINTENANCE 3,092 1,031 0 MISC 1,770 590 0 SUPPLIES 2,000 0 0 FUNDRAISING 0 0 1,470 WASTE & PEST 935 312 0 MICROENTERPRISE 1,043 0 0 KITCHEN 1 833 0 0 COMMUNITY EVENT 0 0 634 FOOD PANTRY 329 0 0 GAS 205 0 0 IN KIND 200 0 0 RESIDENT ASSIST 200 0 0 VOLUNTEER 41 0 0 TOTAL 10,648 1,933 2,104
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 24E
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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