Overview
What is Prmh Inc?
Prmh Inc, based in Philadelphia, Pennsylvania, is a nonprofit organization that actively participates in the New Markets Tax Credits program, a federal initiative aimed at investing in low-income communities. Through its participation, Prmh Inc secured approximately $6 million in funding for construction projects. This funding will be utilized to develop real estate properties, which will contribute to the charitable purposes of Ronald McDonald House Charities of the Philadelphia region. Prmh Inc's mission is to support and benefit this charitable organization, helping to advance their goals and objectives.
Is Prmh Inc legitimate?
Prmh Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prmh 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: $0
For more financial information, click here
What is the mission statement of Prmh Inc?
Prmh Inc, as an organization, supports and contributes to the objectives of Ronald McDonald House Charities of the Philadelphia region. Its primary mission is to aid and assist in carrying out the charitable purposes of this organization. Prmh Inc also operates a real estate venture that qualifies as an active low-income community business. Furthermore, it distributes funds for charitable purposes. In a federal initiative called the New Markets Tax Credits Program, designed to stimulate investment in low-income communities, Prmh Inc secured approximately $6 million in funding for construction. This funding will be utilized to develop real property, which will subsequently be used by Ronald McDonald House Charities to further its charitable objectives.
Who is the CEO of Prmh Inc?
Susan Campbell is the Ceo of Prmh Inc. The CEO's salary of Prmh Inc is $0 and their total compensation is $227,673.
What is the revenue of Prmh Inc?
Prmh Inc's revenue in 2022 was $351,216.
Who are the executives of Prmh Inc and what are their salaries?
There 5 volunteers at Prmh Inc.
Here are 6 key members and their salaries (Prmh Inc's CEO's salary is $0 and their total compensation is $227,673):
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $214,899
- Other: $12,774
Where can I find the form 990 for Prmh Inc?
Prmh Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Prmh Inc
Prmh Inc, with its primary mission, plays a crucial role in supporting and benefiting the objectives of Ronald McDonald House Charities of the Philadelphia Region (RMH). The nonprofit organization works diligently to aid in carrying out the charitable purposes of RMH. In addition to this, Prmh Inc operates a real estate property that qualifies as an active low-income community business. This entity makes distributions for charitable purposes, contributing to various initiatives aligned with the broader mission of RMH.
One of the ways Prmh Inc fulfills its mission is by participating in the New Markets Tax Credits (NMTC) program, a federal initiative designed to encourage investment in low-income communities. Through the successful closing of Prmh Inc's NMTC deal, the organization secured approximately $6 million in funding for construction. Utilizing these funds, Prmh Inc will develop real property that will be utilized by RMH for furthering its charitable purposes. By undertaking these activities, Prmh Inc plays a significant role in supporting the noble objectives of Ronald McDonald House Charities, ultimately benefiting families and children in need.
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Impact
October, 2024
Prmh Inc significantly impacts low-income communities in the Philadelphia region by securing critical funding and facilitating the development of real estate dedicated to charitable purposes. With approximately $6 million obtained through the New Markets Tax Credits program, Prmh Inc fosters investment in areas that need it the most. This funding is essential for constructing facilities that support Ronald McDonald House Charities, enhancing their ability to provide services and support to families in need. By operating as a qualified active low-income community business, Prmh Inc not only improves community infrastructure but also amplifies the reach and effectiveness of charitable initiatives in the region, ultimately improving the quality of life for vulnerable populations.
This information is meant to be a general summary of Prmh 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $284
- Gross Receipts: $351,216
Assets and Liabilities:
- Total Assets: $37,918,553
- Total Liabilities: $22,629,692
- Net Assets: $15,288,861
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Organization Details
Founding Year
2016
Phone
(610) 458-3121Principal Officer
Susan Campbell
Main Address
3925 CHESTNUT STREET, PHILADELPHIA, PA, 19104
NTEE Category
Code: S31 - Community improvement
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