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Prospect Housing Properties Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 205869855 ✦ Lebanon, TN ✦ Designated as a 501(c)(3)

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Overview

What is Prospect Housing Properties Inc?

Prospect Housing Properties Inc is a nonprofit organization situated in Lebanon, Tennessee. Their primary mission is to offer group home living facilities for individuals with developmental disabilities, ensuring accessibility and affordability for those on fixed income. Funding for these homes was secured through a grant from HUD, and they currently operate three such homes in Wilson County, Tennessee. The organization's focus is on enhancing the quality of life for these individuals, providing a supportive living environment.

Is Prospect Housing Properties Inc legitimate?

Prospect Housing Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prospect Housing Properties Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,044

For more financial information, click here

What is the mission statement of Prospect Housing Properties Inc?

Prospect Housing Properties Inc is committed to providing group home living facilities for individuals with developmental disabilities. Their mission is to create handicapped-accessible and affordable housing options for these individuals, particularly those on fixed incomes. This mission is carried out through the operation of three supported living homes in Wilson County, Tennessee. The funding for these homes was secured through a grant from HUD.

Who is the CEO of Prospect Housing Properties Inc?

Andy White is the Executive Director of Prospect Housing Properties Inc.

What is the revenue of Prospect Housing Properties Inc?

Prospect Housing Properties Inc's revenue in 2022 was $60,907.

Who are the executives of Prospect Housing Properties Inc and what are their salaries?


Here are 4 key members and their salaries:


Joe Cowan (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heather Bay (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marlese Allen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy White (Executive Director)
  • Compensation: $0
  • Related: $121,196
  • Other: $0
Where can I find the form 990 for Prospect Housing Properties Inc?

Prospect Housing Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Prospect Housing Properties Inc

Prospect Housing Properties Inc, a nonprofit organization, is dedicated to providing group living facilities for individuals with developmental disabilities. Their mission is to offer handicap-accessible and affordable homes that cater to the needs of people on fixed incomes, ensuring they have a comfortable living space. The organization's primary activity is centered around this mission, providing three supported living homes in Wilson County, Tennessee. These homes are specifically designed to cater to the unique needs of individuals with developmental disabilities. The funding for these homes was made possible through a grant from HUD, illustrating the organization's commitment to providing necessary resources for this community.

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Impact




October, 2024

Prospect Housing Properties Inc significantly enhances the quality of life for individuals with developmental disabilities in Wilson County, Tennessee, by providing accessible and affordable group home living facilities. With three supported living homes designed to accommodate the needs of residents, the organization ensures a supportive environment that fosters independence and community integration. These homes not only fulfill a critical need for safe and stable housing but also promote dignity and social engagement among residents. By securing funding through HUD grants, Prospect Housing Properties Inc successfully addresses the challenges faced by individuals on fixed incomes, making a lasting impact on their well-being and empowerment.




This information is meant to be a general summary of Prospect Housing Properties Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$60,907 (2022)
Expenses
$63,550 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $51
  • Program Service Revenue: $27,387
  • Gross Receipts: $60,907

Assets and Liabilities:

  • Total Assets: $780,812
  • Total Liabilities: $7,790
  • Net Assets: $773,022

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENT

Revenue

$27,387

Organization Details

Founding Year

2006

Principal Officer

Andy White

Main Address

960 MADDOX SIMPSON PKWY, LEBANON, TN, 37090

NTEE Category

Code: P73 - Human services

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