Provident Housing Resources Inc
Only 0% goes to programs Strong reserves Growing revenue
Provident Housing Resources Inc is a 501(c)(3) organization based in Huntington Beach, California, registered in 2001, with $213,319 in FY2024 revenue. CharityIndex grades it C, and it directs about 0% of spending to programs.
16787 Beach Blvd 558, Huntington Beach, CA, 92647 EIN 31-1707833 Since 2001
Revenue (FY2024)
$213K
▲ 5172.3% vs prior year
Housing median: $408K
Expenses (FY2024)
$162K
Net assets
$5.0M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →FProgram efficiency40% of the rating0% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Provident Housing Resources Inc: 0% to programs earns a F on this criterion. See the exact thresholds →
B+Financial health25% of the rating369 mo reserves · +24% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Provident Housing Resources Inc: 369 mo reserves · +24% margin earns a B+ on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Provident Housing Resources Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Provident Housing Resources Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Provident affordable housing resources, inc. serves the poor and distressed, works to eliminate discrimination and prejudice, and lessens neighborhood tensions by providing safe, decent and affordable housing.
Contact & location
- Address
- 16787 Beach Blvd 558, Huntington Beach, CA, 92647
- City
- Huntington Beach
- State
- California
- Category
- Housing & Shelter
- Subcategory
- Housing Programs
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $12.9M (FY2013) to $213K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $107KNet assets $5.0M
Operating margin
24.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$5.1M
Total liabilities
$107K
Net assets
$5.0M
Salaries & benefits
$113K
69% of expenses
Board members
5
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $213,319▲5172% | $162,032▼8.1% | $4,981,097▲4.6% | $5,088,097▲4.5% | 990 |
| 2023 | $4,046▲106% | $176,225▼16.4% | $4,763,177▲7.3% | $4,870,177▲7.1% | 990 |
| 2022 | -$73,409▼184% | $210,772▼68.6% | $4,439,088▼17.8% | $4,546,088▼21.4% | 990 |
| 2021 | $87,467▼99.9% | $671,487▼93.5% | $5,397,134▼4.4% | $5,787,134▲1.3% | 990 |
| 2020 | $128,462,492▲13.4% | $10,398,491▼67.1% | $5,644,794▲105% | $5,713,794▼81.5% | 990 |
| 2019 | $113,238,579▲539% | $31,630,080▼1.8% | -$112,418,167▲42.1% | $30,814,886▼53.2% | 990 |
| 2018 | $17,729,188▲5.8% | $32,211,424▼8.9% | -$194,026,666▼8.1% | $65,789,832▼1.4% | 990 |
| 2017 | $16,761,035▲9.7% | $35,366,387▲75.0% | -$179,544,430▼72.2% | $66,693,103▼8.4% | 990 |
| 2016 | $15,277,217▲8.8% | $20,208,063▲2.5% | -$104,283,697▼5.0% | $72,831,189▲0.1% | 990 |
| 2015 | $14,039,495▲4.7% | $19,715,889▼2.0% | -$99,352,851▼6.1% | $72,790,059▲2.6% | 990 |
| 2014 | $13,405,608▲4.0% | $20,118,862▲4.2% | -$93,676,457▼7.7% | $70,917,174▲0.5% | 990 |
| 2013 | $12,895,656 | $19,301,146▼14.7% | -$86,963,203▼8.0% | $70,568,012▲0.1% | 990 |
| 2012 | — | $22,621,954▲20.9% | -$80,557,713▼13.8% | $70,525,919▼2.4% | 990 |
| 2011 | — | $18,709,696▼2.1% | -$70,795,683▼5.0% | $72,266,951▼18.4% | 990 |
| 2010 | — | $19,107,363 | -$67,408,425 | $88,542,547 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Philip J Kennedy — $75,000 (46.29% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Philip J Kennedy | President and Ceo | 2 | $75,000 |
| Kathryn T Walker | Treasurer and Cfo | 8 | $37,500 |
| Vasilios Salamandrakis | Director | 1 | — |
| William J Todd | Director | 1 | — |
| William W Hirsch | Director | 1 | — |
Top vendors & contractors (FY2019)
| Contractor | Services | Paid |
|---|---|---|
| Lbk Management Services Inc | Management Services | $302,655 |
| Bk Multifamily Services LLC | Management Services | $182,052 |
Grants received · $102K total
2 grants to Provident Housing Resources Inc totaling $102K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Provident Resources Group Inc | Program support | 2016 | $7,500 |
| Provident Resources Group Inc | Program support | 2015 | $94,524 |
Grants made · $4.8M in FY2017
1 grant totaling $4.8M in FY2017. All grants made by Provident Housing Resources Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Provident Resources Group Inc | Charitable | $4,820,344 |
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Frequently asked questions
- Is Provident Housing Resources Inc a legitimate nonprofit?
- Yes. Provident Housing Resources Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 31-1707833, based in Huntington Beach, California. Donations are tax-deductible.
- What is Provident Housing Resources Inc's EIN?
- Provident Housing Resources Inc's Employer Identification Number (EIN) is 31-1707833.
- How much revenue does Provident Housing Resources Inc report?
- Provident Housing Resources Inc reported $213,319 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Provident Housing Resources Inc's spending goes to programs?
- Provident Housing Resources Inc spends about 0% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Provident Housing Resources Inc have?
- CharityIndex grades Provident Housing Resources Inc C, based on program efficiency and fundraising cost.
- How much does Provident Housing Resources Inc's highest-paid employee make?
- The highest reported compensation on Provident Housing Resources Inc's latest Form 990 is $75,000, paid to Philip J Kennedy (President and Ceo).
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Data for Provident Housing Resources Inc (EIN 31-1707833) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.