Prosperity House INC EIN 47-1990844 Form 990 (PDF) Claim this org

Prosperity House INC

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Provides housing, life skills, education, counseling, and reentry support for individuals. For fiscal year 2025 it reported $335K in revenue, $348K in expenses, and $2K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
New Haven, CT
Filings
6 on file (2020–2025)
Revenue
$335KFY2025
Expenses
$348K
Net assets
$2K
People
2
Filings
6
Updates
0
More identity details & actions ⌄
EIN  47-1990844 Public charity (501(c)(3)) New Haven, CT
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides housing, life skills, education, counseling, and reentry support for individuals.
Leadership
Karen Tyson · Director · $35K
Money in and out
$335K revenue, $348K expenses
Bottom line
100% program efficiency
Where the money goes · FY2025
Total revenue
$335K
Pt VIII · Ln 12
Total expenses
$348K
Pt IX · Ln 25
Net assets
$2K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$13K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
0.9mo
months of highly liquid reserves at operating expense rate▼ -25% vs prior filing year
Surplus margin
-4%
revenue over expenses, this year▲ +76% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$335K
FY2025▼ -8%
Expenses
$348K
FY2025▼ -18%
Total assets
$32K
FY2025▼ -37%
Total liabilities
$31K
FY2025▼ -6%
Total revenue
$335K
Pt VIII · Ln 12
Total expenses
$348K
Pt IX · Ln 25
Net assets
$2K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$13K
Total assetsPt X · Ln 16$32K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 31
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProsperity House INC
EINHdr · item D47-1990844
Principal addressHdr · item CNew Haven, CT
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFJul 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a1
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$35,200Pt VII · Sec A
Maintenance
$3,000Pt VII · Sec A

Karen Tyson’s $35K as Director is at the 23rd percentile of top reported officer pay among 2165 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Karen Tyson$35,200$39,650$26,000$18,050$14,500$18,228
Anthony Little$500$2,000$1,250$9,500
Michael Robinson$3,000
David Kennedy JR$375

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $348K of program spending, described in the organization's own filed words · FY2025.
01

Supportive housing, Life skills development.

$348Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$334K
Contributions & grants$1K
Total revenueLn 12$335K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$348K
Total functional expensesLn 25$348K

Balance Sheet

Part X · end of year
CashLn 1$27K
Total assetsLn 16$32K
Total liabilitiesLn 26$31K
Total net assetsLn 32$2K
Months of cash on handcomputed0.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $27K · Operating expenses/yr $348K
0.9 months
Where the money goes
Program services
Program services $348K · Total expenses $348K
100%
Management & General
Management & general $0 · Total expenses $348K
0%
Fundraising
Fundraising $0 · Total expenses $348K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $29K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1K · Total revenue $335K
0.3%
Government reliance
Government grants — · Total revenue $335K
Earned-income share
Program service revenue $334K · Total revenue $335K
100%
Investment reliance
Investment income $0 · Total revenue $335K
0%
Program self-sufficiency
Program service revenue $334K · Total expenses $348K
96%
Growth & trend
Revenue growth (YoY)
This year $335K · Prior year $364K
-8%
Revenue CAGR
FY2020 $87K · FY2025 $335K
+31%
Net-asset trend (YoY)
End of year $2K · Beginning of year $15K
-89%
Balance sheet
Surplus Margin
Revenue $335K · Expenses $348K
-4%
Liabilities-to-Assets
Total liabilities $31K · Total assets $32K
95%
Net-asset ratio
Net assets $2K · Total assets $32K
5%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $32K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Karen Tyson · Reported title Director · Highest reported compensation $35K · Total expenses $348K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $68K · Total expenses $348K
19%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -8%
Accounting fee ratio 0.4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$20K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$335K revenue · viewing · ⤓ 990 PDF
FY2024$364K revenue · ⤓ 990 PDF
FY2023$398K revenue · ⤓ 990 PDF
FY2022$291K revenue · ⤓ 990 PDF
FY2021$205K revenue · ⤓ 990 PDF
FY2020$87K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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