Nonprofit · EIN 45-2771034
PROMISE CARES
Tax-exempt (reinstated) · MEMPHIS, TN 38127
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $637,194 | $688,544 | -$51,350 | $279,595 | $0 | $279,595 |
| December 31, 2024 | 990 | $602,887 | $639,445 | -$36,558 | $210,195 | $95,195 | $115,000 |
| December 31, 2023 | 990 | $508,076 | $623,325 | -$115,249 | $257,527 | $115,000 | $142,527 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $637,194
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $194,713
- Other salaries and wages
- $306,150
- Salaries, compensation and benefits (total)
- $541,863
- Professional fundraising fees
- $0
- Accounting fees
- $1,625
- Occupancy
- $30,000
- Program services (functional)
- $449,619
- Management and general (functional)
- $238,925
Balance sheet and other
- Total assets, start of year
- $210,195
- Total assets, end of year
- $279,595
- Total liabilities, end of year
- $0
- Net assets, end of year
- $279,595
- Net assets without donor restrictions
- $279,595
- Gross receipts
- $637,194
- Employees
- 23
- Year formed
- 2015
- State of legal domicile
- TN
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CYNTHIA REED | EXEC DIRECTOR Key employee | 40 | $100,000 |
| ELLIOT SHELTON | PRESIDENT Officer | 30 | $94,713 |
990 for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CYNTHIA REED | EXEC DIRECTOR Key employee | 40 | $102,373 |
| ELLIOT SHELTON | PRESIDENT Officer | 30 | $97,524 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CYNTHIA REED | EXEC DIRECTOR Key employee | 40 | $100,000 |
| ELLIOT SHELTON | PRESIDENT Officer | 30 | $94,893 |
Address and contacts
- Address (IRS master file)
- 3430 OVERTON CROSSING ST, MEMPHIS, TN 38127-5748
- In care of
- % JEANEEN SHELTON
- Principal officer (990 for 2025)
- JEANEEN SHELTON, 3430 OVERTON CROSSING, MEMPHIS, TN 381275748
- Signed the 990
- ELLIOT SHELTON, PRESIDENT
- Phone
- (901) 357-3337
- Return prepared by
- CRITTLE FINANCIAL INC
Mission
TO PROVIDE A SAFE HAVEN FOR SENIOR CITIZENS TO RECEIVE THE APPROPRIATE CARE.
Program accomplishments
- VA BENEFITS ARE THE PRIMARY SOURCE OF REVENUE AND PAYROLL IS THEExpenses $500,863 · revenue $637,194
- NOTES PAYABLE REGARDING FUNDS PREVIOUSLY SECURED FOR OPERATIONALExpenses $41,000
- RENT EXPENSE IS THE THIRD MAJOR EXPENDITURE.Expenses $30,000
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 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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-2771034
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22)
- Assets (IRS master file)
- $279,595
- Income (IRS master file)
- $637,194
Revocation and reinstatement
- Exemption revoked
- May 15, 2014
- Posted by the IRS
- August 11, 2014
- Reinstated
- Effective May 15, 2014
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $637,194 | $688,544 | $279,595 | IRS |
| 990 | December 2024 | $602,887 | $639,445 | $210,195 | IRS |
| 990 | December 2023 | $508,076 | $623,325 | $257,527 | XML |
| 990 | December 2022 | $542,288 | $585,634 | $195,441 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 45-2771034).
Questions about PROMISE CARES
- What is the EIN of PROMISE CARES?
- The employer identification number (EIN) of PROMISE CARES is 45-2771034.
- Is PROMISE CARES tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2014 and reinstated it effective May 15, 2014.
- Are donations to PROMISE CARES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROMISE CARES 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 PROMISE CARES 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 PROMISE CARES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PROMISE CARES?
- The 990 for the year ended December 31, 2025 names JEANEEN SHELTON.
- Who are the officers and directors of PROMISE CARES?
- The 990 for the year ended December 31, 2025 lists 2 people; 2 received compensation from the organization, the highest $100,000 (CYNTHIA REED, EXEC DIRECTOR).
- How much revenue does PROMISE CARES have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $637,194, expenses of $688,544 and total assets of $279,595 at year end.
Other nonprofits in MEMPHIS
- HABITAT FOR HUMANITY INTERNATIONAL INC EIN 62-1157233 · last filed 990 for 2025
- THE WORKS INC EIN 62-1751430 · last filed 990 for 2024
- MEMPHIS UNION MISSION EIN 62-0541811 · last filed 990 for 2025
- THE HEALTH EDUCATIONAL AND HOUSING FACILITY BOARD OF THE CITY OF MEMP EIN 62-1209024 · last filed 990 for 2024
- UNITED HOUSING INC EIN 62-1597364 · last filed 990 for 2025
- PROMISE DEVELOPMENT CORPORATION EIN 31-1708526 · last filed 990 for 2023
- URBAN RENAISSANCE PARTNERS INC EIN 47-5487600 · last filed 990 for 2024
- MEMPHIS JEWISH HOUSING DEVELOPMENT CORP EIN 62-1027049 · last filed 990 for 2025