Nonprofit · EIN 92-0664200
PROMISE A NEW WAY INC
Tax-exempt · FT LAUDERDALE, FL 33315
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,553,402 | $2,574,783 | -$21,381 | $54,373 | $72,699 | -$18,326 |
| December 31, 2023 | 990-EZ | $72,085 | $70,125 | $1,960 | $62,504 | $60,544 | $1,960 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,553,402
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $18,462
- Other salaries and wages
- $266,469
- Salaries, compensation and benefits (total)
- $351,578
- Professional fundraising fees
- $0
- Occupancy
- $806,566
- Travel
- $16,865
- Program services (functional)
- $2,370,265
- Management and general (functional)
- $204,518
Balance sheet and other
- Total assets, start of year
- $62,504
- Total assets, end of year
- $54,373
- Total liabilities, end of year
- $72,699
- Net assets, end of year
- -$18,326
- Net assets without donor restrictions
- -$18,326
- Gross receipts
- $2,553,402
- Employees
- 15
- Volunteers
- 3
- Year formed
- 2013
- State of legal domicile
- FL
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 |
|---|---|---|---|
| Timothy Henry | President Officer | 10 | $18,462 |
990-EZ for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Timothy Henry | President | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 413 SW 11TH ST, FT LAUDERDALE, FL 33315-1232
- In care of
- % TIMOTHY HENRY
- Principal officer (990 for 2024)
- Timothy Henry, 1520 N Victoria Park Road, Fort Lauderdale, FL 33315
- Signed the 990
- Timothy Henry, President
- Phone
- (561) 667-3120
- Return prepared by
- Catalyst Tax & Consulting LLC
Mission
To provide community housing and outreach for those in need.
Program accomplishments
- The organizations program service accomplished providing housing and community outreach to those in need.Expenses $2,370,265 · revenue $2,553,402
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-EZ on file |
IRS record
- EIN
- 92-0664200
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L99)
- Assets (IRS master file)
- $54,373
- Income (IRS master file)
- $2,553,402
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,553,402 | $2,574,783 | $54,373 | XML |
| 990-EZ | December 2023 | $72,085 | $70,125 | $62,504 | XML |
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 92-0664200).
Questions about PROMISE A NEW WAY INC
- What is the EIN of PROMISE A NEW WAY INC?
- The employer identification number (EIN) of PROMISE A NEW WAY INC is 92-0664200.
- Is PROMISE A NEW WAY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to PROMISE A NEW WAY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROMISE A NEW WAY 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 A NEW WAY 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 A NEW WAY 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 A NEW WAY INC?
- The 990 for the year ended December 31, 2024 names Timothy Henry.
- Who are the officers and directors of PROMISE A NEW WAY INC?
- The 990 for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $18,462 (Timothy Henry, President).
- How much revenue does PROMISE A NEW WAY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,553,402, expenses of $2,574,783 and total assets of $54,373 at year end.
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All nonprofits in FT LAUDERDALE · Florida · Housing and shelter