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Promise Pointe Inc

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

EIN: 812532681 ✦ Victoria, TX ✦ Designated as a 501(c)(3)

Overview

What is Promise Pointe Inc?

Promise Pointe Inc is a nonprofit organization situated in Victoria, Texas. Their primary mission is to provide affordable housing and a supportive community for the chronically homeless in Victoria County and its surrounding areas. Throughout 2019, they constructed and occupied five tiny houses, each consisting of a single room and a closet. Additionally, they built a community laundry, library, and bath facility, all aimed at helping residents regain their independence and improve their lives. Their efforts include constructing more tiny houses as of the end of the year.


Official website here: www.promisepointe.org

Is Promise Pointe Inc legitimate?

Promise Pointe Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Promise Pointe 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.

Here 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


Official website here: www.promisepointe.org

What is the mission statement of Promise Pointe Inc?

Promise Pointe Inc's mission is centered around providing housing solutions for the homeless. They have established a supportive community, offering affordable permanent housing for chronically homeless individuals in various areas. Throughout their operations, they have constructed tiny houses, each containing a single room and a closet, for their residents. These tiny houses provide a safe and sound living space, enabling residents to regain their independence and improve their lives. By the end of 2019, five tiny houses had been completed and occupied. Construction of additional tiny houses commenced towards the end of the year, continuing their mission to provide housing solutions for those in need.


Official website here: www.promisepointe.org

Who is the CEO of Promise Pointe Inc?

Mike Olson is the President of Promise Pointe Inc.


Official website here: www.promisepointe.org

What is the revenue of Promise Pointe Inc?

Promise Pointe Inc's revenue in 2022 was $566,189.


Official website here: www.promisepointe.org

Who are the executives of Promise Pointe Inc and what are their salaries?

Here are 14 key members and their salaries:

    Pam Borchert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Buddy Breivogel (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nelda Chambers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Cole (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Roslyn Faust (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gail Hoad (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sister Rebecca Janacek (Community Mg) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathryn Munoz-Hickl (Vice-Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Olson (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Pierce (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Frank Reyes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Keith Rucker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sherri Strickland (Past Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nicole Way (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.promisepointe.org

    Where can I find the form 990 for Promise Pointe Inc?

    The Promise Pointe Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.promisepointe.org

    Learn more at the official website: www.promisepointe.org

    Mission Statement of Promise Pointe Inc

    Promise Pointe Inc, a nonprofit organization, is committed to providing housing solutions for the homeless in various areas. Its primary mission is to construct and offer permanent, affordable housing, along with a supportive community, for the chronically homeless. Through its efforts, the organization has built "tiny houses" containing a single room and a closet for residents, providing them with a safe and secure living space. By the end of 2019, five such tiny houses had been completed and occupied. Promise Pointe Inc continues its construction projects, aiming to create better lives for individuals who may have otherwise struggled to establish a stable home environment. The organization's housing initiatives and supportive community have played a crucial role in helping residents regain their independence and improve their overall quality of life.

    Impact

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




    Wednesday, July 24, 2024

    Promise Pointe Inc's impact can be seen in the transformation it has brought to the lives of the chronically homeless in Victoria, Texas, and the surrounding areas. By providing permanent affordable housing and a supportive community, Promise Pointe Inc has not only given these individuals a roof over their heads but also helped them regain their independence and create better lives for themselves. The construction of "tiny houses" that offer residents a safe and sound home has been instrumental in this process, along with the provision of essential facilities like a community laundry, library, and bath building. With each completed "tiny house," Promise Pointe Inc is making a tangible difference in the lives of those who would otherwise struggle to find stability and security.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $54
  • Program Service Revenue: $40,088
  • Gross Receipts: $566,189

    • Assets and Liabilities:
  • Total Assets: $1,464,418
  • Total Liabilities: $2,200
  • Net Assets: $1,462,218
  • Programs

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

    RENT INCOME

    Revenue

    $39,878

    MICROENTERPRISE SALES

    Revenue

    $210

    Organization Details

    Founding Year

    2016

    Principal Officer

    Mike Olson

    Main Address

    P O BOX 2293, VICTORIA, TX, 77902

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Promise Pointe Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.