Palace Housing Inc

Nonprofit profile at a glance

EIN: 831780120
IRS 990-EZ coverage: 2021–2022
Forms available: Form 990-EZ 2022, Form 990-N 2020
Location: Houston, TX, USA
Rating: 79
Verdict: SUPPORTED
Rating confidence: Moderate
Sector: Temporary Housing

Reported finances

Revenue: $68,756
Expenses: $70,026
Assets: $38,238
Liabilities: $10,299

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

1 person listed

Executive titles in this filing

Alisha Wilson (Executive Director)

People named in this filing

Alisha Wilson (Executive Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Transitional housing for displaced women and children.

What it reported doing in 2022

Resident Physical Wellness

Operating model

Revenue model: Donor-supported. 85% of the money available for current operations came from contributions and gifts.
Distribution model: Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

Financial Efficiency: 64
Transparency & Controls: 100
Sustainability: 31
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 63.9%; rating input score 64
Program expense ratio: 62.8%; rating input score 63

Transparency & Controls

Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
Major donor itemization: Yes; rating input score 100

Sustainability

Operating margin: -1.8%; rating input score 42; 42nd percentile among comparable filings
Total-asset coverage ratio: 0.55; rating input score 29; 29th percentile among comparable filings
Liabilities to assets ratio: 0.27; rating input score 13; 13th percentile among comparable filings
Officer compensation ratio: 0.9%; rating input score 12; 12th percentile among comparable filings

Growth

Program expense growth: 19.4% per year; rating input score 100; 81st percentile among comparable filings
Revenue growth: 23.8% per year; rating input score 100; 90th percentile among comparable filings
Asset growth: 30.1% per year; rating input score 100; 91st percentile among comparable filings

Details

Where the money goes: 63.9% of revenue deployed · 62.8% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $44K in reported program spending
Leadership: top reported pay $0 · 1 people listed
Consistency: 7 of 7 current checks pass
Schedules: 2 filed schedules
Filing history: 2 filing years from 2021 to 2022
Contacts: How to reach this organization
Money network: 1 filed money-flow record
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

Moderate — Sustainability: Operating margin scored 42/100.
High — Sustainability: Total-asset coverage ratio scored 29/100.
High — Sustainability: Officer compensation ratio scored 12/100.
High — Sustainability: Liabilities to assets ratio scored 13/100.
High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.