Prh Preservation INC FY2021 filing

Houston, TXUnknown exempt organizationEIN 82-4106196Revenue $128K in FY2021

On file with the IRSprojectrowhouses.org/prh-preservationPo Box 13 · Houston, TX

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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.

88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · 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
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
50 mo
of spending, in cash
Looks good: 49.5 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
$18K
0.6% of total assets
Looks good: liabilities are 1% 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
$128K
-89% vs prior year
Spent
$190K
To programs
88%
Net assets
$2.8M
By yearFY2020–FY2025
Revenue
$128K
FY2021▼ -89%
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
$190K
FY2021▲ +6%
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
$2.8M
FY2021▼ -2%
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 FY2021 Form 990 (year ending August 2021) · see the original

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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

88 cents of each dollar spent went to programs.

Program services 88% · $166K Management & general 12% · $23K

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 (FY2020); the FY2021 filing did not itemize Part VII
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Dir.
$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 · $166K · in their own filed words · FY2020
01

See Schedule OPRH Preservation purchases existing single-family homes in the area, renovate them and rents them to low-income individuals at subsidized, below-market rates. In addition, PRH Preservation will develop new affordable housing for Third Ward residents.On February 5, 2018, Project Row Houses ("PRH") conveyed to PRH…

$166Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$128K
Ln 12
Fees for servicesLn 2g$128K
Money outPt IX
$190K
Ln 25
Programscol B$166K
Managementcol C$23K
Owns and owesPt X
$2.8M
net assets · Ln 32
Cash and savingsLn 1–2$783K
Total assetsLn 16$2.9M
LiabilitiesLn 26$18K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$128K
Total revenueLn 12$128K
Assets in detailPt X, end of year
CashLn 1$783K
Cash and savings togetherLn 1–2$783K
Land, buildings, equipmentLn 10c$2.1M
Other assetsLn 15$17K
Total assetsLn 16$2.9M
LiabilitiesLn 26$18K
Net assetsLn 32$2.8M
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 FY21End FY21
Cash and savingsLn 1–2$90K$783K
Land, buildings, equipmentLn 10c$2.0M$2.1M
Total assetsLn 16$2.9M$2.9M
LiabilitiesLn 26$15K$18K
Net assetsLn 32$2.9M$2.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$30K$30K
Accounting feesLn 11c$20K$20K
Other fees for servicesLn 11g$18K$18K
Office expensesLn 13$2K$2K
OccupancyLn 16$20K$20K
TravelLn 17$210$210
Depreciation, depletion and amortizationLn 22$22K$22K
InsuranceLn 23$22K$20K$1K
Other expenses (24a–d)Ln 24$56K$56K
Total functional expensesLn 25$190K$166K$23K$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 Viewing $128K$190K−$61K$2.8M 990 PDF
FY2020 $1.1M$178K$940K$2.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $128,253 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $910,000$0
I-9 Program service revenuePrior year $121,506$128,253
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $86,386$0
I-12 Total revenuePrior year $1,117,892$128,253
I-13 Grants and similar amounts paidPrior year $0$30,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $178,071$159,594
I-18 Total expensesPrior year $178,071$189,594
I-19 Revenue less expensesPrior year $939,821−$61,341
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 $128,253 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $128,253$128,253
VIII-12 Total revenueRelated to mission $128,253 · Unrelated business $0 · Excluded from tax $0$128,253
Part IX · Statement of functional expenses $189,594 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $30,000$30,000
IX-11c Accounting feesManagement $20,280$20,280
IX-11g Other fees for servicesPrograms $18,448$18,448
IX-13 Office expensesManagement $1,675$1,675
IX-16 OccupancyPrograms $19,824$19,824
IX-17 TravelPrograms $210$210
IX-22 Depreciation, depletion and amortizationPrograms $21,570$21,570
IX-23 InsurancePrograms $20,331 · Management $1,388$21,719
IX-24 Other expenses (24a–d)Programs $55,868$55,868
IX-25 Total functional expensesPrograms $166,251 · Management $23,343 · Fundraising $0$189,594
Part X · Balance sheet $2,867,153 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $89,979$782,674
X-4 Accounts receivableStart of year $3,825$12,556
X-9 Prepaid expenses and deferred chargesStart of year $3,066$4,749
X-10c Land, buildings and equipment, netStart of year $2,015,005$2,050,424
X-15 Other assetsStart of year $63,534$16,750
X-16 Total assetsStart of year $2,925,409$2,867,153
X-17 Accounts payable and accrued expensesStart of year $6,333$3,610
X-19 Deferred revenueStart of year $1,987$8,145
X-25 Other liabilitiesStart of year $6,460$6,110
X-26 Total liabilitiesStart of year $14,780$17,865
X-27 Net assets without donor restrictionsStart of year $2,910,629$2,849,288
X-32 Total net assets or fund balancesStart of year $2,910,629$2,849,288
X-33 Total liabilities and net assetsStart of year $2,925,409$2,867,153
Part XI · Reconciliation of net assets $2,849,288 net assets at year end
XI-1 Total revenue$128,253
XI-2 Total expenses$189,594
XI-3 Revenue less expenses−$61,341
XI-4 Net assets at start of year$2,910,629
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,849,288

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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