Nonprofit · EIN 81-2532681
PROMISE POINTE INC
Tax-exempt · VICTORIA, TX 77902
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $303,816 | $262,642 | $41,174 | $1,708,435 | $3,743 | $1,704,692 |
| December 31, 2023 | 990 (amended) | $397,593 | $210,040 | $187,553 | $1,666,317 | $2,733 | $1,663,584 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $195,878
- Program service revenue
- $69,224
- Investment income
- $170
- Net income from fundraising events
- $38,524
- Other revenue
- $38,544
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $2,122
- Accounting fees
- $10,050
- Occupancy
- $58,349
- Depreciation
- $74,396
- Program services (functional)
- $210,799
- Management and general (functional)
- $49,721
- Fundraising (functional)
- $2,122
Balance sheet and other
- Total assets, start of year
- $1,666,317
- Total assets, end of year
- $1,708,435
- Total liabilities, end of year
- $3,743
- Net assets, end of year
- $1,704,692
- Land, buildings and equipment
- $1,438,688
- Net assets without donor restrictions
- $1,651,633
- Net assets with donor restrictions
- $53,059
- Gross receipts
- $303,816
- Employees
- 0
- Volunteers
- 117
- Year formed
- 2016
- 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 |
|---|---|---|---|
| PAM BORCHERT | DIRECTOR Trustee or director | 2 | $0 |
| BUDDY BREIVOGEL | DIRECTOR Trustee or director | 2 | $0 |
| NELDA CHAMBERS | DIRECTOR Trustee or director | 2 | $0 |
| MARGARET FISSELER | TREASURER Trustee or director, Officer | 3 | $0 |
| CASEY HOUSWORTH | DIRECTOR Trustee or director | 2 | $0 |
| SISTER REBECCA JANACEK | COMMUNITY MG Trustee or director | 60 | $0 |
| MARCIE KUCERA | DIRECTOR Trustee or director | 1 | $0 |
| KATHRYN MUNOZ-HICKL | SECRETARY Trustee or director, Officer | 2 | $0 |
| MIKE OLSON | PAST PRESIDE Trustee or director, Officer | 3 | $0 |
| FRANK REYES | DIRECTOR Trustee or director | 2 | $0 |
| MONICA RODRIGUEZ | DIRECTOR Trustee or director | 1 | $0 |
| RANDY STERNADEL | VICE-PRESIDE Trustee or director, Officer | 2 | $0 |
| RUDY VELA | SUPPORT/RESO Trustee or director | 10 | $0 |
| NICOLE WAY | PRESIDENT Trustee or director, Officer | 4 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAM BORCHERT | DIRECTOR Trustee or director | – | $0 |
| BUDDY BREIVOGEL | TREASURER Trustee or director, Officer | – | $0 |
| NELDA CHAMBERS | DIRECTOR Trustee or director | – | $0 |
| JIM COLE | DIRECTOR Trustee or director | – | $0 |
| MARGARET FISSELER | DIRECTOR Trustee or director | – | $0 |
| GAIL HOAD | SECRETARY Trustee or director, Officer | – | $0 |
| CASEY HOUSWORTH | DIRECTOR Trustee or director | – | $0 |
| SISTER REBECCA JANACEK | COMMUNITY MG Trustee or director | – | $0 |
| KATHRYN MUNOZ-HICKL | VICE-PRESIDE Trustee or director, Officer | – | $0 |
| MIKE OLSON | PRESIDENT Trustee or director, Officer | – | $0 |
| JOHN PIERCE | DIRECTOR Trustee or director | – | $0 |
| FRANK REYES | DIRECTOR Trustee or director | – | $0 |
| RANDY STERNADEL | DIRECTOR Trustee or director | – | $0 |
| NICOLE WAY | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2293, VICTORIA, TX 77902-2293
- Mailing address (990-N for 2017)
- PO Box 2293, Victoria TX 77902
- Principal officer (990 for 2024)
- NICOLE WAY, 509 GLENMORE, VICTORIA, TX 77904
- Principal officer (990-N for 2017)
- Sherri Strickland, 108 E Forrest, Victoria TX 77901
- Signed the 990
- MARGARET FISSELER, TREASURER
- Website
- WWW.PROMISEPOINTE.ORG
- Return prepared by
- CHRYSTAL RICHTER CPA
Mission
PROVIDE THE HOMELESS OF VICTORIA, TEXAS AND THE CROSSROADS REGION WITH PERMANENT AFFORDABLE HOUSING AND A TRANSFORMATIVE SUPPORTIVE RESIDENTIAL COMMUNITY.
Program accomplishments
- BEGAN PROVIDING A PERMANENT AFFORDABLE HOUSING AND A SUPPORTATIVE COMMUNITY FOR THE CHROMICALLY HOMELESS IN VICTORIA, TEXAS AND THE CROSSROADS REGION. CONTINUED TO BUILD "TINY HOUSES" (WHICH CONTAIN ONE ROOM AND A CLOSET) FOR RESIDENTS,CREATED A COMMUNITY LAUNDRY, LIBRARY AND BATH BUILDING. ASSISTED RESIDENTS IN REGAINING THEIR INDEPENDENCE AND HELPED TO CREATE BETTER LIVES THAT WOULD HAVE BEEN IMPOSSIBLE WITHOUT A SAFE AND SOUND HOME IN WHICH TO LIVE. FOUR TINY HOUSES WERE COMPLETED IN 2024 AND AT THE END OF 2024 A TOTAL OF 22 TINY HOUSES HAVE BEEN COMPLETED. CONSTRUCTION IN PROGRESS OF TWO ADDITIONAL "TINY HOUSES" CONTINUES IN 2025.Expenses $210,799 · revenue $69,224
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
- 81-2532681
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $1,708,435
- Income (IRS master file)
- $303,816
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $303,816 | $262,642 | $1,708,435 | IRS |
| 990 | December 2023 | $397,593 | $210,040 | $1,666,317 | XML |
| 990 | December 2022 | $566,189 | $218,193 | $1,464,418 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: Sherri Strickland | December 31, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
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 81-2532681).
Questions about PROMISE POINTE INC
- What is the EIN of PROMISE POINTE INC?
- The employer identification number (EIN) of PROMISE POINTE INC is 81-2532681.
- Is PROMISE POINTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to PROMISE POINTE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROMISE POINTE 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 POINTE 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 POINTE 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 POINTE INC?
- The 990 for the year ended December 31, 2024 names NICOLE WAY.
- Who are the officers and directors of PROMISE POINTE INC?
- The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
- How much revenue does PROMISE POINTE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $303,816, expenses of $262,642 and total assets of $1,708,435 at year end.
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