Nonprofit · EIN 39-1631640
PROSPECT CONGREGATE HOUSING INC
Tax-exempt · MILWAUKEE, WI 53202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $7,451,930 | $8,261,471 | -$809,541 | $7,932,386 | $13,336,564 | -$5,404,178 |
| June 30, 2024 | 990 | $10,843,052 | $8,306,958 | $2,536,094 | $8,207,451 | $12,829,016 | -$4,621,565 |
| June 30, 2023 | 990 | $4,996,344 | $7,035,031 | -$2,038,687 | $9,462,883 | $16,641,051 | -$7,178,168 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,167,013
- Program service revenue
- $4,340,952
- Investment income
- $429,202
- Net gain from sales of assets
- $429,202
- Other revenue
- $514,763
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $2,723,139
- Salaries, compensation and benefits (total)
- $3,304,594
- Professional fundraising fees
- $0
- Legal fees
- $10,039
- Accounting fees
- $12,570
- Occupancy
- $515,866
- Travel
- $7,735
- Depreciation
- $1,002,697
- Program services (functional)
- $6,092,011
- Management and general (functional)
- $2,169,460
Balance sheet and other
- Total assets, start of year
- $8,207,451
- Total assets, end of year
- $7,932,386
- Total liabilities, end of year
- $13,336,564
- Net assets, end of year
- -$5,404,178
- Land, buildings and equipment
- $6,963,103
- Net assets without donor restrictions
- -$6,184,038
- Net assets with donor restrictions
- $779,860
- Gross receipts
- $7,451,930
- Employees
- 82
- Volunteers
- 75
- Year formed
- 1988
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHERYL BUCKMAN | DIRECTOR OF CLINICAL SERVICES Highest-paid employee | 40 | $104,741 | $22,261 |
| HOWARD LOEB | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| SHANTEL BACCHUS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALAN BORSUK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TODD BRACHMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUZY ETTINGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EMMY GANOS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BEVERLY GRUBER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BETSY REILLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEIGH TABAK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL SILVERMAN | PRESIDENT Officer | 10 | $0 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PATRICIA COHN | EXECUTIVE DIRECTOR Officer | 40 | $66,771 | $20,283 |
| HOWARD LOEB | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| SHANTEL BACCHUS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TODD BRACHMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EMMY GANOS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BEVERLY GRUBER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SARA HOFFMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REA KATZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR MICHAEL LEVIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BETSY REILLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAURIE MOECKLER RITTBERG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEIGH TABAK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL SILVERMAN | PRESIDENT Officer | 10 | $0 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL SATTELL | PRESIDENT Officer, Former | 10 | $151,197 | $453,591 | $47,159 |
| PATRICIA COHN | EXECUTIVE DIRECTOR Officer | 40 | $122,225 | $0 | $20,283 |
| Michael Silverman | President Officer | 20 | $54,619 | $54,619 | $30,963 |
| ALAN BORSUK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TODD BRACHMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SUZY ETTINGER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BEVERLY GRUBER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BETSY REILLY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GARY SOBEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| Peter Klien | Director Trustee or director | 1 | $0 | $0 | $0 |
| Yulia Koltun | Director Trustee or director | 1 | $0 | $0 | $0 |
| Shantel Bacchus | Director Trustee or director | 1 | $0 | $0 | $0 |
| Emmy Ganos | Director Trustee or director | 1 | $0 | $0 | $0 |
| Leigh Tabak | Director Trustee or director | 1 | $0 | $0 | $0 |
| HOWARD LOEB | CHAIRMAN Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1414 N PROSPECT AVE, MILWAUKEE, WI 53202-3018
- In care of
- % MICHAEL SATTELL
- Principal officer (990 for 2024)
- MICHAEL SILVERMAN, 1414 NORTH PROSPECT AVE, MILWAUKEE, WI 53202
- Signed the 990
- MICHAEL SILVERMAN, PRESIDENT
- Phone
- (414) 276-2627
- Website
- WWW.OVATION.ORG
- Return prepared by
- WIPFLI ADVISORY LLC
Mission
PROVIDE HOUSING FOR THE ELDERLY WHO REQUIRE ASSISTANCE.
Program accomplishments
- PROSPECT CONGREGATE HOUSING CHAI POINT OFFERS INDEPENDENT AND ASSISTED LIVING WITH OUTPATIENT SKILLED REHABILITATION SERVICES, AS WELL AS A WIDE RANGE OF SERVICES AND LIVING OPTIONS TO BEST FIT RESIDENT NEEDS AND OFFER PEACE OF MIND. PROSPECT CONGREGATE HOUSING CHAI POINT OFFERS STUDIO, ONE-, TWO- AND THREE-BEDROOM APARTMENTS, WITH A VARIETY OF FLOOR PLANS. WHICHEVER APARTMENT CHOSEN, WHETHER INDEPENDENT OR ASSISTED, RESIDENTS RECEIVE SECURE LIVING AND PERSONALIZED PROGRAMMING. DAILY LIFESTYLE CHOICES ARE DESIGNED FOR RESIDENT ENRICHMENT INCLUDING SOCIAL ACTIVITIES, EXERCISE CLASSES, ART, RELIGIOUS SERVICES, SEMINARS, DISCUSSIONS, LIVE MUSIC, AND INTERGENERATIONAL PROGRAMMING. ASSISTED LIVING RESIDENTS ARE PROVIDED MORNING AND EVENING WELLNESS VISITS, ACCESS TO A DEDICATED PHYSICIAN, MEDICATION MANAGEMENT AND ADMINISTRATION, DAILY BED MAKING, HOUSEKEEPING AND LINEN CHANGE SERVICES, CERTIFIED NURSING ASSISTANTS ONSITE 24 HOURS A DAY, PERSONAL CARE SERVICES INCLUDING BATHING, DRESSING AND GROOMING, BREAKFAST, LUNCH AND DINNER AVAILABLE DAILY, AND SOCIAL SERVICES. DURING THE YEAR, 88 RESIDENTS WERE SERVED WITH 13% OF THEM BEING ON FAMILY CARE OR COMMUNITY CARE.Expenses $6,092,011 · revenue $4,855,715
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 39-1631640
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1991
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P75Z)
- Assets (IRS master file)
- $7,932,386
- Income (IRS master file)
- $7,451,930
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $7,451,930 | $8,261,471 | $7,932,386 | XML |
| 990 | June 2024 | $10,843,052 | $8,306,958 | $8,207,451 | XML |
| 990 | June 2023 | $4,996,344 | $7,035,031 | $9,462,883 | XML |
| 990 | June 2022 | $4,213,533 | $5,773,969 | $9,744,384 | IRS |
| 990 | June 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 39-1631640).
Questions about PROSPECT CONGREGATE HOUSING INC
- What is the EIN of PROSPECT CONGREGATE HOUSING INC?
- The employer identification number (EIN) of PROSPECT CONGREGATE HOUSING INC is 39-1631640.
- Is PROSPECT CONGREGATE HOUSING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to PROSPECT CONGREGATE HOUSING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROSPECT CONGREGATE HOUSING INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PROSPECT CONGREGATE HOUSING INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROSPECT CONGREGATE HOUSING INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PROSPECT CONGREGATE HOUSING INC?
- The 990 for the year ended June 30, 2025 names MICHAEL SILVERMAN.
- Who are the officers and directors of PROSPECT CONGREGATE HOUSING INC?
- The 990 for the year ended June 30, 2025 lists 11 people; 1 received compensation from the organization, the highest $104,741 (CHERYL BUCKMAN, DIRECTOR OF CLINICAL SERVICES).
- How much revenue does PROSPECT CONGREGATE HOUSING INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $7,451,930, expenses of $8,261,471 and total assets of $7,932,386 at year end.
Other nonprofits in MILWAUKEE
- UNITED MIGRANT OPPORTUNITY SERVICES INCORPORATED EIN 39-1047172 · last filed 990 for 2025
- WORKMONEY FOUNDATION INC EIN 88-1168529 · last filed 990 for 2024
- UNITED COMMUNITY CENTER INC EIN 39-1146191 · last filed 990 for 2024
- MILWAUKEE CENTER FOR INDEPENDENCE INC EIN 39-0806257 · last filed 990 for 2024
- SAINT JOHNS COMMUNITIES INC EIN 39-0807204 · last filed 990 for 2024
- MILWAUKEE CATHOLIC HOME INC EIN 39-0806215 · last filed 990 for 2024
- INDEPENDENCE FIRST INC EIN 39-1343425 · last filed 990 for 2025
- HARRY AND ROSE SAMSON FAMILY JEWISH COMMUNITY CENTER INC EIN 39-0806234 · last filed 990 for 2025