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Project Home Inc

EIN 39-1279307 · Madison, WI

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair67 out of 100GovernanceStrong90 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

IMPROVE THE QUALITY AND AFFORDABILITY OF HOUSING FOR LOW TO MODERATE INCOME RESIDENTS IN DANE AND GREEN COUNTY, WI.

Income
$5.2 million
Spending
$5.1 million
Spent on programs
89%
Reserves
3.6 months of spending
Largest source of income
government grants, 91%
Employees
34
Volunteers
21
Highest pay
$105,350, finance manager

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 67 out of 100. Higher than 54% of charities in its peer group (housing, $1m to $10m).

  • Reserves

    20 of 35

    Spendable reserves would cover 3.6 months of spending.

  • Debt

    5 of 20

    It owes 51% of what it owns.

  • Living within its means

    12 of 15

    Income exceeded spending by 2% of income.

  • Income trend

    15 of 15

    Income rose 10% on the year before.

  • Spending floor

    15 of 15

    89% of spending went to programs and raising each dollar of donations cost 1 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 90 out of 100. Higher than 51% of charities in its peer group (housing, $1m to $10m).

  • Independent board

    25 of 25

    7 of 7 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $3.0 million spent. ENERGY: PROJECT HOME CONTRACTS WITH THE STATE OF WISCONSIN AND UTILITY COMPANIES TO PROVIDE WEATHERIZATION SERVICES TO LOW INCOME HOMEOWNERS AND TENANTS IN DANE AND GREEN COUNTIES. DURING 2024, PROJECT HOME PROVIDED 191 WEATHERIZATION, 178 EMERGENCY FURNACE, AND 80 EMERGENCY WATER HEATER REPAIRS AND REPLACEMENTS.
  2. $1.5 million spent. HOME REPAIR: PROJECT HOME CONTRACTS WITH CITY, COUNTY, STATE, AND PRIVATE ORGANIZATIONS TO PROVIDE HOME REPAIR SERVICES TO LOW- AND MODERATE-INCOME HOMEOWNERS. PROJECT HOME PROVIDED 238 REPAIRS OR REHAB SERVICES TO INCOME ELIGIBLE HOMEOWNERS TO MAINTAIN THEIR HOMES BY PROVIDING ZERO INTEREST LOANS, GRANTS, AND SUBSIDIZED LABOR BY OPERATING THREE MAJOR HOME REHABILITATION PROGRAMS AND SEVERAL MINOR REPAIR EVENTS. PROJECT HOME ALSO PERFORMED 30 REPAIRS OR HOME PERFORMANCE JOBS FOR HOMEOWNERS IN THE PRIVATE SECTOR.
  3. PROGRAM DEVELOPMENT: PROJECT HOME WORKS WITH VARIOUS INDIVIDUALS AND ORGANIZATIONS TO DEVELOP AND MAINTAIN LOW-INCOME HOUSING UNITS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 1979.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.