Nonprofit · EIN 56-1955629
PRESERVING HOME INC
Tax-exempt · DURHAM, NC 27701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $5,046,196 | $5,936,028 | -$889,832 | $3,208,918 | $1,560,886 | $1,648,032 |
| December 31, 2024 | 990 | $7,025,619 | $5,151,164 | $1,874,455 | $3,503,391 | $965,527 | $2,537,864 |
| December 31, 2023 | 990 | $3,673,796 | $3,356,850 | $316,946 | $1,437,766 | $774,357 | $663,409 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $4,778,909
- of which government grants
- $3,586,754
- Program service revenue
- $267,287
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $189,782
- Other salaries and wages
- $1,538,452
- Salaries, compensation and benefits (total)
- $2,027,512
- Professional fundraising fees
- $0
- Legal fees
- $2,390
- Accounting fees
- $25,057
- Travel
- $13,856
- Depreciation
- $109,666
- Program services (functional)
- $5,160,608
- Management and general (functional)
- $465,253
- Fundraising (functional)
- $310,167
Balance sheet and other
- Total assets, start of year
- $3,503,391
- Total assets, end of year
- $3,208,918
- Total liabilities, end of year
- $1,560,886
- Net assets, end of year
- $1,648,032
- Land, buildings and equipment
- $2,113,203
- Net assets without donor restrictions
- $1,648,032
- Gross receipts
- $5,046,196
- Employees
- 32
- Volunteers
- 94
- Year formed
- 1995
- State of legal domicile
- NC
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 | Other / benefits |
|---|---|---|---|---|
| DAN SARGENT | CHIEF EXECUTIVE OFFICER Officer | 40 | $171,275 | $18,505 |
| GREG MCNAMARA | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| ADAM UNDERWOOD | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| SOBERINA TRAYWICK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| LAUREN JOYCE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MELANIE MORESCHI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL PERRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHELLY MCPHATTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TODD REIDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAN CROSLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE TRAINOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAN SARGENT | EXECUTIVE DIRECTOR Officer | 40 | $145,651 | $11,553 |
| GREG MCNAMARA | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| ADAM UNDERWOOD | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| SOBERINA TRAYWICK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| LAUREN JOYCE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MELANIE MORESCHI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL PERRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHELLY MCPHATTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TODD REIDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAN CROSLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE TRAINOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAN SARGENT | EXECUTIVE DIRECTOR Officer | 40 | $126,686 | $11,472 |
| SHELLY MCPHATTER | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| ANNE STODDARD | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MATTHEW DUNCAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| LAUREN JOYCE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MELANIE MORESCHI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL PERRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARCELLE THOMAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TODD REIDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GREG MCNAMARA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE TRAINOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 301 W MAIN ST, DURHAM, NC 27701-3215
- Principal officer (990 for 2025)
- DAN SARGENT, PO BOX 4099, CARY, NC 275194099
- Signed the 990
- DAN SARGENT, CHIEF EXECUTIVE OFFICER
- Phone
- (919) 341-5980
- Website
- WWW.PRESERVEHOME.ORG
- Return prepared by
- DEAN DORTON ALLEN FORD PLLC
Mission
WE PRESERVE SAFE, HEALTHY, AND AFFORDABLE HOUSING FOR OUR NEIGHBORS IN PARTNERSHIP WITH LOCAL COMMUNITIES.
Program accomplishments
- REBUILDING, REPAIRING, AND REVITALIZING LOW-INCOME HOUSING FOR THE ELDERLY, DISABLED, AND FAMILIES WITH CHILDREN.Expenses $5,160,608 · revenue $267,287
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
- 56-1955629
- 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
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L81)
- Assets (IRS master file)
- $3,208,918
- Income (IRS master file)
- $5,046,196
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $5,046,196 | $5,936,028 | $3,208,918 | XML |
| 990 | December 2024 | $7,025,619 | $5,151,164 | $3,503,391 | XML |
| 990 | December 2023 | $3,673,796 | $3,356,850 | $1,437,766 | XML |
| 990 | December 2022 | $2,952,255 | $3,053,665 | $1,043,274 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 56-1955629).
Questions about PRESERVING HOME INC
- What is the EIN of PRESERVING HOME INC?
- The employer identification number (EIN) of PRESERVING HOME INC is 56-1955629.
- Is PRESERVING HOME INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to PRESERVING HOME INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PRESERVING HOME 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 PRESERVING HOME INC 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 PRESERVING HOME INC 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 PRESERVING HOME INC?
- The 990 for the year ended December 31, 2025 names DAN SARGENT.
- Who are the officers and directors of PRESERVING HOME INC?
- The 990 for the year ended December 31, 2025 lists 11 people; 1 received compensation from the organization, the highest $171,275 (DAN SARGENT, CHIEF EXECUTIVE OFFICER).
- How much revenue does PRESERVING HOME INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $5,046,196, expenses of $5,936,028 and total assets of $3,208,918 at year end.
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All nonprofits in DURHAM · North Carolina · Housing and shelter