Nonprofit · EIN 13-3832223
PRAXIS HOUSING INITIATIVES INC
Tax-exempt · NEW YORK, NY 10001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $37,255,233 | $35,952,486 | $1,302,747 | $47,200,430 | $35,638,988 | $11,561,442 |
| June 30, 2024 | 990 | $38,272,066 | $37,073,194 | $1,198,872 | $54,053,285 | $43,795,008 | $10,258,277 |
| June 30, 2023 | 990 | $34,144,791 | $34,813,032 | -$668,241 | $57,309,356 | $48,249,951 | $9,059,405 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $36,092,850
- of which government grants
- $36,092,850
- Program service revenue
- $333,939
- Investment income
- $142,061
- Net gain from sales of assets
- -$5,697
- Other revenue
- $686,383
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $529,598
- Other salaries and wages
- $7,302,006
- Salaries, compensation and benefits (total)
- $9,406,966
- Professional fundraising fees
- $0
- Legal fees
- $121,291
- Occupancy
- $16,158,817
- Travel
- $33,619
- Depreciation
- $224,935
- Program services (functional)
- $34,522,528
- Management and general (functional)
- $1,299,025
- Fundraising (functional)
- $130,933
Balance sheet and other
- Total assets, start of year
- $54,053,285
- Total assets, end of year
- $47,200,430
- Total liabilities, end of year
- $35,638,988
- Net assets, end of year
- $11,561,442
- Land, buildings and equipment
- $1,940,485
- Net assets without donor restrictions
- $11,561,442
- Gross receipts
- $37,260,930
- Employees
- 271
- Volunteers
- 8
- Year formed
- 1995
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SVEIN JORGENSEN | CHIEF EXECUTIVE OFFICER Officer | 35 | $303,348 | $8,607 |
| VASHTI RAMPATSINGH | CHIEF FINANCIAL OFFICER Officer | 35 | $202,760 | $14,883 |
| DALE BURNETT | BOARD CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| DAVID PERLOW | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EKTA VOHRA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| IRA PLATT | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JONATHAN KIVELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK GUSTIN | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL SCHALL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TUMI ADEBIYI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SVEIN JORGENSEN | CHIEF EXECUTIVE OFFICER Officer | 35 | $303,348 | $8,607 |
| VASHTI RAMPATSINGH | CHIEF FINANCIAL OFFICER Officer | 35 | $202,760 | $13,139 |
| DALE BURNETT | BOARD CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| DAVID PERLOW | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EKTA VOHRA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| IRA PLATT | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JONATHAN KIVELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK GUSTIN | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL SCHALL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TUMI ADEBIYI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SVEIN JORGENSEN | CHIEF EXECUTIVE OFFICER Officer | 35 | $303,204 | $8,547 |
| VASHTI RAMPATSINGH | CHIEF FINANCIAL OFFICER Officer | 35 | $202,614 | $13,079 |
| DALE BURNETT | BOARD CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| DAVID PERLOW | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EKTA VOHRA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| IRA PLATT | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JONATHAN KIVELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK GUSTIN | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL SCHALL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TUMI ADEBIYI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 130 W 29TH STREET 7TH FL, NEW YORK, NY 10001-5312
- Principal officer (990 for 2024)
- SVEIN JORGENSEN, 130 WEST 29TH STREET 7TH FLOOR, NEW YORK, NY 10001
- Signed the 990
- SVEIN JORGENSEN, CEO
- Phone
- (212) 293-8404
- Website
- WWW.PRAXISHOUSING.ORG
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
THE MISSION OF PRAXIS IS TO STABILIZE CHRONICALLY HOMELESS PERSONS WITH MULTIPLE DIAGNOSES, SUCH AS HIV/AIDS, MENTAL HEALTH, CHEMICAL DEPENDENCY, AND OTHER SPECIAL NEEDS THROUGH CLEAN, SAFE HOUSING AND SUPPORT SERVICES THAT LEAD TO RECOVERY, STABILITY, AND ULTIMATELY, INDEPENDENCE.
Program accomplishments
- PRAXIS HOUSING INITIATIVES, INC. CURRENTLY OPERATES FOUR CONGREGATE TRANSITIONAL SUPPORTIVE HOUSING PROGRAMS FOR INDIVIDUALS DIAGNOSED WITH HIV/AIDS, FOUR SCATTER SITE PROGRAMS THAT PROVIDE QUALITY SUPPORTIVE HOUSING AND ANCILLARY SERVICES TO ELIGIBLE HOMELESS FAMILIES AFFLICTED WITH AIDS OR HIV, TWO NEWLY CONSTRUCTED PERMANENT SUPPORTIVE HOUSING PROGRAMS FOR SPECIAL NEEDS POPULATIONS THAT MEET NY/NY III CRITERIA AND THREE TRANSITIONAL PROGRAMS FOR HOMELESS FAMILIES WITH AND WITHOUT CHILDREN. A TOTAL OF 988 UNITS ARE CURRENTLY OPERATED AND TOTAL NUMBER SERVED, ADULTS AND CHILDREN 1395 BY PRAXIS HOUSING INITIATIVES, INC.Expenses $34,522,528 · revenue $1,020,322
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 13-3832223
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L25)
- Assets (IRS master file)
- $47,200,430
- Income (IRS master file)
- $37,260,930
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $37,255,233 | $35,952,486 | $47,200,430 | IRS |
| 990 | June 2024 | $38,272,066 | $37,073,194 | $54,053,285 | IRS |
| 990 | June 2023 | $34,144,791 | $34,813,032 | $57,309,356 | XML |
| 990 | June 2022 | $35,320,830 | $34,850,440 | $18,010,382 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3832223).
Questions about PRAXIS HOUSING INITIATIVES INC
- What is the EIN of PRAXIS HOUSING INITIATIVES INC?
- The employer identification number (EIN) of PRAXIS HOUSING INITIATIVES INC is 13-3832223.
- Is PRAXIS HOUSING INITIATIVES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to PRAXIS HOUSING INITIATIVES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PRAXIS HOUSING INITIATIVES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PRAXIS HOUSING INITIATIVES INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PRAXIS HOUSING INITIATIVES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PRAXIS HOUSING INITIATIVES INC?
- The 990 for the year ended June 30, 2025 names SVEIN JORGENSEN.
- Who are the officers and directors of PRAXIS HOUSING INITIATIVES INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 2 received compensation from the organization, the highest $303,348 (SVEIN JORGENSEN, CHIEF EXECUTIVE OFFICER).
- How much revenue does PRAXIS HOUSING INITIATIVES INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $37,255,233, expenses of $35,952,486 and total assets of $47,200,430 at year end.
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