PROMISE CARES INC

EIN: 452771034 501(c)(3) Housing & Shelter

MEMPHIS, TN

Total Revenue
$637,194
Total Expenses
$688,544
Total Assets
$279,595
Net Assets
$279,595
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
TN
Principal Officer
JEANEEN SHELTON
Phone
9013573337
Tax Period
2025-01-01 to 2025-12-31

PROMISE CARES INC, founded in 2015, is a small nonprofit in the Housing & Shelter sector that reported $637K in total revenue in fiscal year 2025.

Mission

TO PROVIDE A SAFE HAVEN FOR ADULT SENIOR CARE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $637,194
Investment Income $0
Other Revenue $0
TOTAL REVENUE $637,194

Expense Breakdown

Grants Paid $0
Salaries & Benefits $541,863
Fundraising Expenses $0
Program Expenses $688,544
Other Expenses $146,681
TOTAL EXPENSES $688,544

Year-over-Year Comparison

2025 2024 Change
Revenue $637,194 $602,887 +0.1%
Expenses $688,544 $639,445 +0.1%
Net Income $-51,350 $-36,558 +0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
23
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$94,713
Total Directors
0
$0
Key Employees
1
$100,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELLIOT SHELTON PRESIDENT 30
Officer
$94,713 $0 $94,713
CYNTHIA REED EXEC DIRECTOR 40
Key Emp
$100,000 $0 $100,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $637,194 $688,544 $279,595 $-51,350
2024 $602,887 $639,445 $210,195 $-36,558
2023 $508,076 $623,325 $257,527 $-115,249
2022 $542,288 $585,634 $195,441 $-43,346
2021 $451,762 $490,878 $155,116 $-39,116
2020 $471,940 $439,383 $218,383 $32,557
2019 $310,515 $363,351 $500 $-52,836
2018 $309,472 $345,803 $150 $-36,331
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