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Nonprofit · EIN 47-3479209

PROMISE COMMUNITY DEVELOPMENT INC

Tax-exempt (reinstated) · LOUISVILLE, KY 40203

Financials

$344K$284K2022$331K$382K2023$352K$383K2024
Revenue Expenses · by fiscal year end
Financials of PROMISE COMMUNITY DEVELOPMENT INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$351,919$383,286-$31,367$34,431$4,803$29,628
December 31, 2023990$331,066$381,749-$50,683$65,576$4,581$60,995
December 31, 2022990$343,513$283,973$59,540$115,914$4,236$111,678
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$189,829
Program service revenue
$162,090
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$54,000
Other salaries and wages
$143,696
Salaries, compensation and benefits (total)
$214,355
Professional fundraising fees
$0
Occupancy
$3,616
Program services (functional)
$305,370
Management and general (functional)
$77,916

Balance sheet and other

Total assets, start of year
$65,576
Total assets, end of year
$34,431
Total liabilities, end of year
$4,803
Net assets, end of year
$29,628
Gross receipts
$351,919
Employees
12
Volunteers
12,800
Year formed
2015
State of legal domicile
KY

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
TARA MATTINGLYEXECUTIVE DIRECTOR
Officer
40$54,000
JOHN S HOWARDPRESIDENT
Trustee or director, Officer
10$0
KATHIE STOESSVICE PRESIDENT
Trustee or director, Officer
10$0
LARRY STOESSSECRETARY
Trustee or director, Officer
10$0
ALINA SHAVERDIRECTOR
Trustee or director
10$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
TARA MATTINGLYEXECUTIVE DIRECTOR
Officer
40$51,037
JOHN S HOWARDPRESIDENT
Trustee or director, Officer
10$0
KATHIE STOESSVICE PRESIDENT
Trustee or director, Officer
10$0
LARRY STOESSSECRETARY
Trustee or director, Officer
10$0
ALINA SHAVERDIRECTOR
Trustee or director
10$0
990 for the year ended December 31, 2022: 5 people
NameTitleHours / weekCompensation
TARA MATTINGLYEXECUTIVE DIRECTOR
Officer
40$49,756
JOHN S HOWARDPRESIDENT
Trustee or director, Officer
10$0
KATHIE STOESSVICE PRESIDENT
Trustee or director, Officer
10$0
LARRY STOESSSECRETARY
Trustee or director, Officer
10$0
ALINA SHAVERDIRECTOR
Trustee or director
10$0

Address and contacts

Address (IRS master file)
1800 PORTLAND AVE, LOUISVILLE, KY 40203-1060
Principal officer (990 for 2024)
JOHN S HOWARD, 1800 PORTLAND AVE, LOUISVILLE, KY 40205
Signed the 990
JOHN S HOWARD, PRESIDENT
Phone
(502) 594-6776
Return prepared by
DEMING MALONE LIVESAY & OSTROFF PSC

Mission

TO PROMOTE COMPASSIONATE REVITALIZATION IN THE PORTLAND NEIGHBORHOOD OF LOUISVILLE, KENTUCKY BY PROVIDING AND OPERATING A CHARITABLE AND BENEVOLENT "PAY-WHAT-YOU-CAN" RESTAURANT.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDING A RESTAURANT THAT SERVES LOCALLY GROWN FOOD WITH AMAZING TASTE, AT AN AFFORDABLE PRICE, WHERE ALL CAN ENJOY THE FLAVOR OF COMMUNITY. THE ORGANIZATION CONTINUES TO PROVIDE COMMUNITY MEALS FREE OF CHARGE AND CARRY OUT. THOUSANDS OF MEALS ARE PROVIDED TO THE COMMUNITY EACH YEAR.
    Expenses $305,370 · revenue $162,090

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
47-3479209
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2020
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$34,431
Income (IRS master file)
$351,919

Revocation and reinstatement

Exemption revoked
May 15, 2018
Posted by the IRS
February 12, 2019
Reinstated
Effective May 15, 2019

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$351,919$383,286$34,431IRS
990December 2023$331,066$381,749$65,576XML
990December 2022$343,513$283,973$115,914XML
990December 2021–––IRS
990December 2020–––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 47-3479209).

Questions about PROMISE COMMUNITY DEVELOPMENT INC

What is the EIN of PROMISE COMMUNITY DEVELOPMENT INC?
The employer identification number (EIN) of PROMISE COMMUNITY DEVELOPMENT INC is 47-3479209.
Is PROMISE COMMUNITY DEVELOPMENT INC tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2018 and reinstated it effective May 15, 2019.
Are donations to PROMISE COMMUNITY DEVELOPMENT INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PROMISE COMMUNITY DEVELOPMENT 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 PROMISE COMMUNITY DEVELOPMENT INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PROMISE COMMUNITY DEVELOPMENT INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PROMISE COMMUNITY DEVELOPMENT INC?
The 990 for the year ended December 31, 2024 names JOHN S HOWARD.
Who are the officers and directors of PROMISE COMMUNITY DEVELOPMENT INC?
The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $54,000 (TARA MATTINGLY, EXECUTIVE DIRECTOR).
How much revenue does PROMISE COMMUNITY DEVELOPMENT INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $351,919, expenses of $383,286 and total assets of $34,431 at year end.

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