Nonprofit · EIN 27-1217089
PROPEL HOUSING
Tax-exempt · GREENBRAE, CA 94904
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $8,449 | $24,041 | -$15,592 | $93,944 | $0 | $93,944 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,500
- Program service revenue
- $4,949
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fees and payments to contractors
- $19,219
- Occupancy
- $4,655
- Printing, publications and postage
- $167
Balance sheet and other
- Total assets, start of year
- $109,536
- Total assets, end of year
- $93,944
- Total liabilities, end of year
- $0
- Net assets, end of year
- $93,944
- Cash, savings and investments
- $93,944
- Gross receipts
- $8,449
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jarrod Jacobi | Director | 0.1 | $0 |
| Andrew Vingiello | Director | 0.1 | $0 |
| Nevin Kohler | President | 0.1 | $0 |
| Jason Blacklock | Secretary and Treasurer | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- 336 BON AIR CENTER NUM 239, GREENBRAE, CA 94904-3017
- In care of
- % MARK SCHULMAN
- Mailing address (990-N for 2025)
- 336 Bon Air Center Num 239, Greenbrae CA 94904
- Principal officer (990-N for 2025)
- Mark Schulman, 336 Bon Air Center Num 239, Greenbrae CA 94904
- Signed the 990-EZ
- Mark Schulman, ED
- Phone
- (916) 877-6543
- Website
- propelhousing.org
Mission
Propel Housing revitalizes neighborhoods and prevents blight by creating home ownership opportunities for low income families. Propel Housing also creates quality, affordable housing opportunities for low income families through development and preservation of affordable rental housing.
Program accomplishments
- Monitored for tax-default sales of abandoned and vacant homes by Sacramento County
- In 2024, the organization conducted due diligence to identify and engage mission-aligned financial and management partners to support participation in HUD defaulted loan sales. The organization prepared and submitted a successful bid for a pool of HUD-insured defaulted mortgage loans and initiated the closing process. The transaction was successfully completed in January 2025.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 27-1217089
- 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
- 2011
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Housing and shelter (L21)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: Mark Schulman | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2024 | – | – | – | IRS |
| 990-EZ | December 2023 | $7,805 | $17,786 | $109,536 | IRS |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about PROPEL HOUSING
- What is the EIN of PROPEL HOUSING?
- The employer identification number (EIN) of PROPEL HOUSING is 27-1217089.
- Is PROPEL HOUSING tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to PROPEL HOUSING tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROPEL HOUSING file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of PROPEL HOUSING due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROPEL HOUSING last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of PROPEL HOUSING?
- The 990-N for 2025 names Mark Schulman.
- Who are the officers and directors of PROPEL HOUSING?
- The 990-EZ for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does PROPEL HOUSING have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $8,449, expenses of $24,041 and total assets of $93,944 at year end.
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All nonprofits in GREENBRAE · California · Housing and shelter