Prh Preservation INC FY2020 filing

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PRH Preservation, Inc. mission is to maintain and enhance existing buildings in Houston's Northern Third Ward to ensure long-term, safe, and affordable housing for its residents.

71¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $122K a year · 39% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
6 mo
of spending, in cash
Looks good: 6.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $375K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$15K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
Spent
$178K
To programs
71%
Net assets
$2.9M
By yearFY2020–FY2025
Revenue
$1.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$128K
FY2022$130K
FY2023$128K
FY2024$233K
FY2025$148K
FY2025$41K
Expenses
$178K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$178K
FY2021$190K
FY2022$189K
FY2023$216K
FY2024$198K
FY2025$184K
FY2025$2.8M
Net assets
$2.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.9M
FY2021$2.8M
FY2022$2.8M
FY2023$2.7M
FY2024$2.8M
FY2025$2.7M
FY2025$0

From the FY2020 Form 990 (year ending August 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $126K Management & general 29% · $52K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Dir.
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Prh Preservation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Preserves and improves Houston's Northern Third Ward buildings for safe, affordable housing.

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Provided by the organization

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1 program · $126K · in their own filed words · FY2019
01

PRH Preservation will purchase existing single-family homes in the area, renovate such homes, and rent them to low-income individuals at subsidized, below-market rates. Where necessary, PRH Preservation will develop new affordable housing for Third Ward residents.On February 5, 2018, Project Row Houses ("PRH") conveyed to PRH…

$126Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2021
Total grants receivedfrom 1 funder$375K
Grants paid · 6 grants · $87K · 2020–2025

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$910K
Fees for servicesLn 2g$122K
Other incomeLn 4–11$86K
Money outPt IX
$178K
Ln 25
Programscol B$126K
Managementcol C$52K
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$90K
Total assetsLn 16$2.9M
LiabilitiesLn 26$15K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$910K
Fees for servicesLn 2g$122K
Other incomeLn 4–11$86K
Gains on assetsLn 7$0
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$90K
SavingsLn 2$0
Cash and savings togetherLn 1–2$90K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$2.0M
Other assetsLn 15$64K
Total assetsLn 16$2.9M
LiabilitiesLn 26$15K
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$60K$90K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.9M$2.0M
Total assetsLn 16$2.0M$2.9M
LiabilitiesLn 26$59K$15K
Net assetsLn 32$2.0M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$130$130
Accounting feesLn 11c$31K$31K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$33K$33K
Advertising and promotionLn 12$0
Office expensesLn 13$2K$2K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$10K$10K
TravelLn 17$60$60
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$20K$20K
InsuranceLn 23$19K$19K
Other expenses (24a–d)Ln 24$62K$62K
All other expensesLn 24e$0
Total functional expensesLn 25$178K$126K$52K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 $148K$184K−$36K$2.7M 990 PDF
FY2024 $233K$198K$35K$2.8M 990 PDF
FY2023 $128K$216K−$88K$2.7M 990 PDF
FY2022 $130K$189K−$59K$2.8M 990 PDF
FY2021 $128K$190K−$61K$2.8M 990 PDF
FY2020 Viewing $1.1M$178K$940K$2.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,117,892 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $160,000$910,000
I-9 Program service revenuePrior year $99,555$121,506
I-10 Investment income$0
I-11 Other revenue$86,386
I-12 Total revenuePrior year $259,555$1,117,892
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $270,145$178,071
I-18 Total expensesPrior year $270,145$178,071
I-19 Revenue less expensesPrior year −$10,590$939,821
Part VI · Governance 4 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,117,892 across 10 lines filed
VIII-1f All other contributions, gifts and grants$910,000
VIII-1h Total contributions, gifts and grants$910,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $121,506$121,506
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $86,386$86,386
VIII-12 Total revenueRelated to mission $121,506 · Excluded from tax $86,386$1,117,892
Part IX · Statement of functional expenses $178,071 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesManagement $130$130
IX-11c Accounting feesManagement $31,319$31,319
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $33,045$33,045
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $1,572$1,572
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $10,496$10,496
IX-17 TravelPrograms $60$60
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $19,616$19,616
IX-23 InsuranceManagement $19,383$19,383
IX-24 Other expenses (24a–d)Programs $62,450$62,450
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $125,667 · Management $52,404 · Fundraising $0$178,071
Part X · Balance sheet $2,925,409 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $60,121$89,979
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$750,000
X-4 Accounts receivableStart of year $4,145$3,825
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $1,989$3,066
X-10c Land, buildings and equipment, netStart of year $1,946,891$2,015,005
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $16,750$63,534
X-16 Total assetsStart of year $2,029,896$2,925,409
X-17 Accounts payable and accrued expensesStart of year $52,953$6,333
X-19 Deferred revenue$1,987
X-25 Other liabilitiesStart of year $6,135$6,460
X-26 Total liabilitiesStart of year $59,088$14,780
X-27 Net assets without donor restrictionsStart of year $1,970,808$2,910,629
X-32 Total net assets or fund balancesStart of year $1,970,808$2,910,629
X-33 Total liabilities and net assetsStart of year $2,029,896$2,925,409
Part XI · Reconciliation of net assets $2,910,629 net assets at year end
XI-1 Total revenue$1,117,892
XI-2 Total expenses$178,071
XI-3 Revenue less expenses$939,821
XI-4 Net assets at start of year$1,970,808
XI-10 Net assets at end of year$2,910,629

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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