Nonprofit · EIN 56-2409519
HOUSING PRESERVATION INC
Tax-exempt · MEMPHIS, TN 38120
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $9,916,476 | $6,729,124 | $3,187,352 | $53,926,612 | $23,630,545 | $30,296,067 |
| December 31, 2023 | 990 | $7,677,879 | $8,786,402 | -$1,108,523 | $40,939,203 | $13,830,488 | $27,108,715 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,483,312
- of which government grants
- $6,483,312
- Program service revenue
- $2,777,841
- Investment income
- $435,074
- Net gain from sales of assets
- -$383,649
- Other revenue
- $220,249
Expenses
- Grants and similar amounts paid
- $125,500
- Compensation of officers, directors and key employees
- $380,000
- Other salaries and wages
- $1,402,943
- Salaries, compensation and benefits (total)
- $2,101,050
- Professional fundraising fees
- $0
- Legal fees
- $481,393
- Accounting fees
- $88,245
- Travel
- $195,958
- Depreciation
- $933,373
- Program services (functional)
- $5,873,955
- Management and general (functional)
- $855,169
Balance sheet and other
- Total assets, start of year
- $40,939,203
- Total assets, end of year
- $53,926,612
- Total liabilities, end of year
- $23,630,545
- Net assets, end of year
- $30,296,067
- Land, buildings and equipment
- $27,042,046
- Publicly traded securities
- $371,598
- Gross receipts
- $21,781,142
- Employees
- 17
- Volunteers
- 0
- Year formed
- 2003
- State of legal domicile
- TX
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES CARMICHAEL | KEY EMPLOYEE Key employee | 30 | $350,000 |
| OLIVER HAYNES | ACQUISITION MANAGER Highest-paid employee | 40 | $342,032 |
| DAVID BRIDGFORTH | ACQUISITION ASSOCIATE Highest-paid employee | 40 | $228,000 |
| JARED SCHEPMAN | ACQUISITION ASSOCIATE Highest-paid employee | 40 | $206,956 |
| GABRIEL ROARK | ACQUISITION ASSOCIATE Highest-paid employee | 40 | $202,000 |
| STUART JOHNSON | ACQUISITION ASSOCIATE Highest-paid employee | 40 | $173,000 |
| ELEANOR WHITE | PRESIDENT Trustee or director, Officer | 5 | $30,000 |
| ROBERT F COOK | DIRECTOR Trustee or director | 5 | $3,000 |
| JOSHUA HAMMOND | DIRECTOR Trustee or director | 5 | $3,000 |
| MARK SEGAL | FORMER DIRECTOR Trustee or director | 5 | $3,000 |
| PATRICK SHEA | DIRECTOR Trustee or director | 5 | $3,000 |
| LAWSON STRINGER | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES CARMICHAEL | KEY EMPLOYEE Key employee | 30 | $350,000 | $0 |
| OLIVER HAYNES | ACQUISITION ASSOCIATE Highest-paid employee | 40 | $293,717 | $450 |
| GABRIEL ROARK | ACQUISITION ASSOCIATE Highest-paid employee | 40 | $190,000 | $0 |
| JARED SCHEPMAN | ACQUISITION ASSOCIATE Highest-paid employee | 40 | $177,698 | $0 |
| STUART JOHNSON | ACQUISITION ASSOCIATE Highest-paid employee | 40 | $162,000 | $0 |
| DAVID BRIDGFORTH | ACQUISITION ASSOCIATE Highest-paid employee | 40 | $147,000 | $0 |
| ELEANOR WHITE | PRESIDENT Officer | 5 | $30,000 | $0 |
| ROBERT F COOK | DIRECTOR Trustee or director | 5 | $3,000 | $0 |
| JOSHUA HAMMOND | DIRECTOR Trustee or director | 5 | $3,000 | $0 |
| MARK SEGAL | FORMER DIRECTOR Trustee or director | 5 | $3,000 | $0 |
| PATRICK SHEA | DIRECTOR Trustee or director | 5 | $3,000 | $0 |
| ROBERT BALDACCI | DIRECTOR Trustee or director | 0 | $1,500 | $0 |
| LAWSON STRINGER | DIRECTOR Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 795 RIDGE LAKE BLVD STE 300, MEMPHIS, TN 38120-9475
- Principal officer (990 for 2024)
- ELEANOR WHITE, 795 RIDGE LAKE BLVD SUITE 300, MEMPHIS, TN 38120
- Signed the 990
- JAMES CARMICHAEL, KEY EMPLOYEE
- Phone
- (415) 572-4511
- Return prepared by
- REYNOLDS BONE & GRIESBECK PLC
Mission
TO PROVIDE AFFORDABLE RESIDENTIAL RENTAL UNITS TO LOW INCOME INDIVIDUALS AND FAMILIES.
Program accomplishments
- HOUSING PRESERVATION, INC. PROVIDED AFFORDABLE RESIDENTIAL RENTAL UNITS TO LOW INCOME INDIVIDUALS AND FAMILIES WHO QUALIFY FOR HOUSING SUBSIDIES.Expenses $5,873,955 · grants $125,500 · revenue $10,508,677
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 | Not 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
- 56-2409519
- 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
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $53,926,612
- Income (IRS master file)
- $21,781,142
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $9,916,476 | $6,729,124 | $53,926,612 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $7,677,879 | $8,786,402 | $40,939,203 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $2,945,693 | $6,487,511 | $38,166,515 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2016 | – | – | – | 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 56-2409519).
Questions about HOUSING PRESERVATION INC
- What is the EIN of HOUSING PRESERVATION INC?
- The employer identification number (EIN) of HOUSING PRESERVATION INC is 56-2409519.
- Is HOUSING PRESERVATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to HOUSING PRESERVATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOUSING PRESERVATION 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 HOUSING PRESERVATION 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 HOUSING PRESERVATION 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 HOUSING PRESERVATION INC?
- The 990 for the year ended December 31, 2024 names ELEANOR WHITE.
- Who are the officers and directors of HOUSING PRESERVATION INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 11 received compensation from the organization, the highest $350,000 (JAMES CARMICHAEL, KEY EMPLOYEE).
- How much revenue does HOUSING PRESERVATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $9,916,476, expenses of $6,729,124 and total assets of $53,926,612 at year end.
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