Nonprofit · EIN 85-2499633
PROMISE HOUSING PLUS
Tax-exempt · LOUISVILLE, KY 40203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $243,244 | $212,468 | $30,776 | $143,509 | $17,133 | $126,376 |
| December 31, 2024 | 990 | $219,504 | $248,631 | -$29,127 | $105,933 | $10,333 | $95,600 |
| December 31, 2023 | 990 | $485,643 | $624,995 | -$139,352 | $129,238 | $4,511 | $124,727 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $113,122
- Program service revenue
- $130,122
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $38,000
- Other salaries and wages
- $74,582
- Salaries, compensation and benefits (total)
- $122,149
- Professional fundraising fees
- $0
- Depreciation
- $4,699
- Program services (functional)
- $154,597
- Management and general (functional)
- $57,709
- Fundraising (functional)
- $162
Balance sheet and other
- Total assets, start of year
- $105,933
- Total assets, end of year
- $143,509
- Total liabilities, end of year
- $17,133
- Net assets, end of year
- $126,376
- Land, buildings and equipment
- $8,347
- Gross receipts
- $243,244
- Employees
- 5
- Volunteers
- 2
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JASMINE NEWTON | EXECUTIVE DIRECTOR | 30 | $38,000 |
| LARRY STOESS | Vice President Trustee or director, Officer | 2 | $0 |
| LUKE CHASE | Treasurer Trustee or director, Officer | 2 | $0 |
| C RYAN STOESS | President Trustee or director, Officer | 2 | $0 |
| BOLAJI OGBULU | Director Trustee or director | 2 | $0 |
| CURTIS BURGESS | Director Trustee or director | 2 | $0 |
| JACOB EUBANK | Secretary Officer | 2 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| C RYAN STOESS | President Trustee or director, Officer | 30 | $33,654 |
| JACOB EUBANK | Secretary Trustee or director, Officer | 2 | $0 |
| LARRY STOESS | Director Trustee or director, Officer | 2 | $0 |
| LUKE CHASE | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| BOLAJI OGBULU | Director Trustee or director | 2 | $0 |
| CURTIS BURGESS | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| C RYAN STOESS | Executive Dir. Officer | 30 | $35,000 |
| ROBERT BROWNING | Secretary Officer | 2 | $0 |
| LARRY STOESS | President & CEO Officer | 2 | $0 |
| LUKE CHASE | Vice President Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1800 PORTLAND AVE, LOUISVILLE, KY 40203-1060
- In care of
- % P ROMI SE HO USI N G PL US
- Principal officer (990 for 2025)
- C RYAN STOESS, 1800 PORTLAND AVE, LOUISVILLE, KY 40203
- Signed the 990
- C RYAN STOESS, President
- Phone
- (502) 438-0187
Mission
PROVIDE AFFORDABLE HOUSING TO THE DISADVANTAGED
Program accomplishments
- JOB TRAINING AND SKILLS DEVELOPMENT FOR EMPLOYEES WHO EXPERIENCE DIFFICULTIES IN GAINING EMPLOYMENT ELSEWHEREExpenses $154,597
- PREPARATION TO ACQUIRE HOUSING TO REFIRBISH AND DONATE TO APPROPRIATE ORGANIZATION
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
- 85-2499633
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X20)
- Assets (IRS master file)
- $143,509
- Income (IRS master file)
- $243,244
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $243,244 | $212,468 | $143,509 | IRS |
| 990 | December 2024 | $219,504 | $248,631 | $105,933 | XML |
| 990 | December 2023 | $485,643 | $624,995 | $129,238 | XML |
| 990 | December 2022 | $257,172 | $202,434 | $267,187 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 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 85-2499633).
Questions about PROMISE HOUSING PLUS
- What is the EIN of PROMISE HOUSING PLUS?
- The employer identification number (EIN) of PROMISE HOUSING PLUS is 85-2499633.
- Is PROMISE HOUSING PLUS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to PROMISE HOUSING PLUS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROMISE HOUSING PLUS 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 HOUSING PLUS 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 HOUSING PLUS 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 HOUSING PLUS?
- The 990 for the year ended December 31, 2025 names C RYAN STOESS.
- Who are the officers and directors of PROMISE HOUSING PLUS?
- The 990 for the year ended December 31, 2025 lists 7 people; 1 received compensation from the organization, the highest $38,000 (JASMINE NEWTON, EXECUTIVE DIRECTOR).
- How much revenue does PROMISE HOUSING PLUS have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $243,244, expenses of $212,468 and total assets of $143,509 at year end.
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