PROVIDENCE HOUSE

EIN: 721205164 501(c)(3) Community Improvement

SHREVEPORT, LA

Total Revenue
$2,295,746
Total Expenses
$2,196,346
Total Assets
$3,991,662
Net Assets
$3,743,853
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
LA
Principal Officer
VERNI W HOWARD
Phone
3182217887
Tax Period
2023-01-01 to 2023-12-31

PROVIDENCE HOUSE, founded in 1990, is a community nonprofit in the Community Improvement sector that reported $2.3M in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $2.2M left a modest 4% surplus.

Mission

PROVIDENCE HOUSE WAS ESTABLISHED TO PROVIDE HOUSING, SUPPORTIVE SERVICES, TRAINING, EMPLOYMENT AND OPPORTUNITIES FOR HOMELESS FAMILIES WITH CHILDREN TO BREAK THE CYCLE OF HOMELESSNESS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,129,126
Program Service Revenue $0
Investment Income $48,681
Other Revenue $117,939
TOTAL REVENUE $2,295,746

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,547,940
Fundraising Expenses $232,465
Program Expenses $1,658,870
Other Expenses $648,406
TOTAL EXPENSES $2,196,346

Year-over-Year Comparison

2023 2022 Change
Revenue $2,295,746 $3,871,325 -0.4%
Expenses $2,196,346 $2,284,182 0.0%
Net Income $99,400 $1,587,143 -0.9%
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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Governance

Voting Members
17
Independent Members
17
Employees
53
Volunteers
192

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
$135,510
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VERNI W HOWARD EXECUTIVE DI 40.00
Officer
$135,510 $0 $135,510
REGINALD ABRAMS MEMBER N/A
Director
$0 $0 $0
MELISSA COUCH MEMBER N/A
Director
$0 $0 $0
BRIAN CRAWFORD MEMBER N/A
Director
$0 $0 $0
SEAN DEERE MEMBER N/A
Director
$0 $0 $0
JUSTIN GAMBILL TREASURER N/A
Director
$0 $0 $0
TREY FAUBER III PRESIDENT EL N/A
Director
$0 $0 $0
CODY KING MEMBER N/A
Director
$0 $0 $0
JUDY MADISON MEMBER N/A
Director
$0 $0 $0
MARCIA MOFFATT MEMBER N/A
Director
$0 $0 $0
RODNEY MURRAY MEMBER N/A
Director
$0 $0 $0
STEVEN PRACHT MEMBER N/A
Director
$0 $0 $0
DR EVELYN PRYOR MEMBER N/A
Director
$0 $0 $0
JOE E REYNOLDS FIRST VICE P N/A
Director
$0 $0 $0
DR SUSAN SELLER-SMITH MEMBER N/A
Director
$0 $0 $0
JACOB WHITE PRESIDENT N/A
Director
$0 $0 $0
MALIA WOLLERSON MEMBER N/A
Director
$0 $0 $0
MELANIE WRIGHT SECRETARY N/A
Director
$0 $0 $0
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
2024 No data No data No data No data
2023 $2,295,746 $2,196,346 $3,991,662 $99,400
2022 $3,871,325 $2,284,182 $3,880,976 $1,587,143
2021 $2,244,361 $2,010,989 $2,570,357 $233,372
2020 $2,279,250 $2,111,734 $2,396,792 $167,516
2019 $1,779,692 $2,173,025 $2,226,182 $-393,333
2018 $1,976,731 $2,227,412 $2,567,477 $-250,681
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