Prime Housing Inc Dba Ponderosa Plaza C/o the Guidance Center

Nonprofit profile at a glance

EIN
942833526
IRS 990-EZ coverage
2011–2024
Forms available
Form 990-EZ 2024
Location
Flagstaff, AZ, USA
Phone
6029970013
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing Support

Reported finances

Revenue
$150,205
Expenses
$122,423
Assets
$343,109
Liabilities
$38,661

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • DEVON FORREST (PRESIDENT)

People named in this filing

  • DEVON FORREST (PRESIDENT)
  • SATCHEL ALVARADO (TREASURER)
  • CORY RUNGE (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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Low-income housing

What it reported doing in 2024

Prime housing, inc., dba ponderosa plaza apartments (the project) was organized in may of 1985 by prime housing. Inc., a non-profit corporation incorporated in the state of Arizona. The project operates a 13-unit multifamily housing complex in flagstaff, Arizona. The project provides affordable housing for the chronically mentally ill, using funds granted by the u.s. Department of hud under sections 8 and 202 of the national housing act.for the program year 2024-2025 the project remained full, housing 12 subsidized occupants. There is also one two-bdr market (non-contract) unit. This project served homeless clients who were also chronically mentally ill. One of the key services was to improve behavioral health services for the people living in this project. The guidance center inc. Helped to provide mental and behavioral health services for the residents living in ponderosa plaza apartments.

Operating model

Revenue model
Earned-program. 99% of the money available for current operations came from fees and other program revenue.
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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Assets have declined or grown slowly and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 82
  • Sustainability: 70
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 60.4%; rating input score 60
  • Program expense ratio: 74.5%; rating input score 75

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 18.5%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage ratio: 2.8; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 23; 23rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 1.9% per year; rating input score 100; 36th percentile among comparable filings
  • Revenue growth: 2.5% per year; rating input score 100; 34th percentile among comparable filings
  • Asset growth: -1% per year; rating input score 0; 25th percentile among comparable filings

Details

  • Where the money goes: 60.4% of revenue deployed · 74.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $91K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • 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.

  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 23/100.