Project America INC EIN 87-2810261 Form 990 (PDF) Claim this org

Project America INC

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Offers safe, drug-free housing and support for those in recovery or facing homelessness. For fiscal year 2024 it reported $402K in revenue, $649K in expenses, and $809K in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Las Vegas, NV
Filings
4 on file (2021–2024)
Revenue
$402KFY2024
Expenses
$649K
Net assets
$809K
People
4
Filings
4
Updates
0
More identity details & actions ⌄
EIN  87-2810261 Public charity (501(c)(3)) Las Vegas, NV
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers safe, drug-free housing and support for those in recovery or facing homelessness.
Leadership
Kevin Wall · President, Director
Money in and out
$402K revenue, $649K expenses
Bottom line
99% program efficiency
Where the money goes · FY2024
Total revenue
$402K
Pt VIII · Ln 12
Total expenses
$649K
Pt IX · Ln 25
Net assets
$809K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$248K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs▲ +11% vs prior filing year
Operating runway
0.7mo
months of highly liquid reserves at operating expense rate▼ -87% vs prior filing year
Surplus margin
-62%
revenue over expenses, this year▼ -213% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$402K
FY2024▲ +89%
Expenses
$649K
FY2024▲ +572%
Total assets
$809K
FY2024▼ -23%
Total liabilities
$0
FY2024
Total revenue
$402K
Pt VIII · Ln 12
Total expenses
$649K
Pt IX · Ln 25
Net assets
$809K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$248K
Total assetsPt X · Ln 16$809K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProject America INC
EINHdr · item D87-2810261
Principal addressHdr · item CLas Vegas, NV
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNV
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L40)
Ruling yearIRS BMFMar 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President, Director
$0Pt VII · Sec A
Vice President, Director
$0Pt VII · Sec A
Treasurer, Director
$0Pt VII · Sec A
Secretary, Director
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $644K of program spending, described in the organization's own filed words · FY2024.
01

The nonprofit secured its fourth rental home for low income families and is renting these homes at below market rate. Also, temporary housing is being made available to low income individuals. The nonprofit sold property in 2024 that was purchased to be developed and sold to support affordable housing options.

$644Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$392K · 98%
Contributions & grants$10K · 2%
Program service revenue98%$392K
Contributions & grants2%$10K
Total revenueLn 12$402K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$644K
Management & general1%$6K
Total functional expensesLn 25$649K

Balance Sheet

Part X · end of year
CashLn 1$36K
Total assetsLn 16$809K
Total liabilitiesLn 26$0
Total net assetsLn 32$809K
Months of cash on handcomputed0.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $36K · Operating expenses/yr $649K
0.7 months
Where the money goes
Program services
Program services $644K · Total expenses $649K
99%
Management & General
Management & general $6K · Total expenses $649K
0.9%
Fundraising
Fundraising $0 · Total expenses $649K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $115K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $10K · Total revenue $402K
2%
Government reliance
Government grants — · Total revenue $402K
Earned-income share
Program service revenue $392K · Total revenue $402K
98%
Investment reliance
Investment income $0 · Total revenue $402K
0%
Program self-sufficiency
Program service revenue $392K · Total expenses $649K
60%
Growth & trend
Revenue growth (YoY)
This year $402K · Prior year $212K
+89%
Net-asset trend (YoY)
End of year $809K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $402K · Expenses $649K
-62%
Liabilities-to-Assets
Total liabilities — · Total assets $809K
Net-asset ratio
Net assets $809K · Total assets $809K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $809K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kevin Wall · Reported title PRESIDENT, DIRECTOR · Highest reported compensation $0 · Total expenses $649K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $649K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 0.9%
Fundraising cost ratio 0%
Revenue growth 89%
Legal fee ratio 0.5%

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.

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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
FY2024 (Latest)$402K revenue · viewing · ⤓ 990 PDF
FY2023$212K revenue · ⤓ 990 PDF
FY2022$230K revenue · ⤓ 990 PDF
FY2021$788K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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