2024-05-15T10:15:43-05:00 2023-12-31 571157523 Aprio LLP 2002 Summit Boulevard Suite 120 Atlanta GA 30319 990 2023-01-01 753004044 Promise Project Inc PROM 4048169770 PO Box 53274 Atlanta GA 30355 Britt Jennings President 4048169770 2024-05-15 1 Britt Jennings 999009999 1 Stacy Cullen P00974308 4048929651 2024-05-15 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z Britt Jennings PO Box 53274 Atlanta GA 30355 347511 0 X N/A X 2002 GA Providing housing to elderly persons by operating a HUD-assisted rental community regulated under Section 202 of the National Housing Act of 1959. 2 2 0 2 0 0 0 0 266676 347499 11 12 0 0 266687 347511 0 0 0 0 87248 100068 0 0 0 272680 292493 359928 392561 -93241 -45050 1527006 1489041 2630368 2637453 -1103362 -1148412 Providing housing to elderly persons by operating a HUD-assisted rental community regulated under Section 202 of the National Housing Act of 1959. 0 0 339536 344893 Providing housing to elderly persons by operating a HUD-assisted rental community regulated under Section 202 of the National Housing Act of 1959. 339536 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 2 2 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA X Housing Resource Center Inc 4048169770 PO Box 53274 Atlanta GA 30355 X Britt Jennings CFO 2.00 X X 0 0 0 Reverence Dr Collette Gunby President 2.00 X X 0 0 0 0 0 0 0 0 0 0 0 Rent Revenue 531110 347499 347499 347499 12 12 347511 347499 0 12 75161 75161 17242 17242 7665 7665 40860 40860 12165 12165 67651 67651 10924 10924 Operating and Maintenan 69557 69557 Administrative 35517 35517 Utilities 30825 30825 Assisted Living 24994 24994 392561 339536 53025 0 36473 5383 272 8656 1352 1352 2619701 1269870 1410478 1349831 78431 123819 1527006 1489041 64785 67332 348 5425 2565235 2564696 2630368 2637453 X -1103362 -1148412 -1103362 -1148412 1527006 1489041 -45050 0 X 0 1 X 0 1 1 X 268775 261068 267251 266676 347499 1411269 268775 261068 267251 266676 347499 1411269 0 0 0 1411269 29 22 11 11 12 85 29 22 11 11 12 85 268804 261090 267262 266687 347511 1411354 0.99990 0.99990 0.00010 0.00010 X 37400 37400 2452728 1140844 1311884 129573 129026 547 1349831 Tenant security deposits 13015 Escrow deposits 84 Replacement Reserve 110720 123819 Capital Advance 2553300 Tenant security Depsosits 11396 2564696 X 347511 0 347511 0 347511 392561 0 392561 0 392561 Part X, Line 2: THE CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, NOT-FOR-PROFIT PURPOSES. THE INTERNAL REVENUE SERVICE HAS, IN PRIOR YEARS, ISSUED ITS DETERMINATION LETTER REFLECTING THAT PROMISE PROJECT, INC. IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CORPORATION HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(VI). THEREFORE, NO INCOME TAX PROVISION HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. THE CORPORATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR CALENDAR YEARS UP TO AND INCLUDING THE YEAR ENDED DECEMBER 31, 2019. Form 990, Part VI, Section A, line 3 The organanization has entered into a management agreement with a management company for a day-to-day management of the apartment community as is common practice for owners/operators of HUD-assisted rental communities. Form 990, Part VI, Section B, line 11b The return is prepared by a certified public accounting firm and provided to the management company for initial review and approval. After any questions and comments from the mangement company are resolved, the return is provided to the board of directors for final review and approval. After any questions and comments from the board of directors are resolved, the final approved return is signed by the designated board officer and filed. Form 990, Part VI, Section B, line 12c Compliance is monitored at regularly scheduled meetings of the board of directors and at other times, if needed. Form 990, Part VI, Section C, line 19 Documents are maintained by the board of directors and copies are provided upon request. The Psalm 23 Project Inc PO Box 53274 Atlanta GA 30355 582451919 Provide elderly affordable HUD housing. GA 501c Line 10 No 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 The Psalm 23 Project Inc Q 701 Actual Value