PRESERVATION FREEHOLD COMPANY
1500 WATERS RIDGE DR, LEWISVILLE, TX · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $215,279,684 | $222,147,818 | -$41,017,595 |
| FY2023 | $205,484,800 | $218,583,109 | -$34,149,461 |
| FY2022 | $209,012,995 | $222,825,249 | -$20,792,583 |
| FY2021 | $99,735,351 | $103,097,020 | -$6,980,329 |
| FY2020 | $9,041,982 | $9,939,404 | -$981,546 |
| FY2019 | $2,648,072 | $3,043,446 | -$2,505,437 |
| FY2018 | -$82,091 | $0 | -$279,203 |
| FY2017 | $46,594 | $0 | -$197,112 |
| FY2016 | -$99,177 | $0 | -$243,706 |
| FY2015 | -$644,029 | $0 | -$144,529 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $1,418,620 | 1% |
| Program service revenue | $210,130,413 | 99% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $197,916,523 | 89% |
| Management & general | $24,231,295 | 11% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 99% of total revenue in FY2024.
- Program services accounted for 89% of functional expenses, management & general 11%, and fundraising 0%.
- 89% of functional expenses went to program services in FY2024. That is higher than 54.3% of 46 Housing & Shelter organizations in TX.
- Net assets covered about -2.2 months of expenses at the end of the reporting year. That puts it in the 9th percentile among 1002 Housing & Shelter organizations in TX.
- Total revenue was higher than 100.1% of 1028 Housing & Shelter organizations in TX.
- Total revenue rose from -$644,029 in FY2015 to $215,279,684 in FY2024, Revenue increased in 7 and decreased in 2 of 9 year-over-year comparisons.
- Expenses exceeded revenue in 9 of 10 reported years (FY2015, FY2016, FY2018, FY2019, FY2020, FY2021, FY2022, FY2023, FY2024).
- Net assets declined from -$144,529 to -$41,017,595 between FY2015 and FY2024.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
IRS status
| Ruling year | 2010 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | L20 — Housing & Shelter |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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