Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2007.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
79 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
12 people listed on the 990; $33K paid to officers and key staff.
Chris Velasco’s $20K as President/Executive Director is at the 2nd percentile of top reported officer pay among 2037 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2021 | FY2020 |
|---|---|---|
| Chris Velasco | $20,000 | $16,462 |
| Elizabeth Bowling | $20,000 | $16,346 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
- Loans to or from officersSch L · Pt II2 listed
Programs and updates
Builds sustainable, just, and inspiring communities.
Questions for Place
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Place works with local governments, foundations, and community members to create sustainable, affordable, mixed-use, mixed-income neighborhoods for artists, under-served populations facing various life challenges, nonprofit organizations, and creative businesses.
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $67K | $10K |
| InvestmentsLn 11–13 | $6.9M | $7.4M |
| Land, buildings, equipmentLn 10c | $4K | $1K |
| Total assetsLn 16 | $9.7M | $10.6M |
| LiabilitiesLn 26 | $5.9M | $6.3M |
| Net assetsLn 32 | $3.8M | $4.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $166K | $145K | $18K | $3K |
| Other salaries and wagesLn 7 | $176K | $153K | $19K | $4K |
| Other employee benefitsLn 9 | $51 | $44 | $6 | $1 |
| Payroll taxesLn 10 | $16K | $14K | $2K | $319 |
| Accounting feesLn 11c | $46K | $46K | ||
| Other fees for servicesLn 11g | $44K | $38K | $5K | $883 |
| Advertising and promotionLn 12 | $1K | $1K | $139 | $25 |
| Office expensesLn 13 | $25K | $22K | $3K | $504 |
| OccupancyLn 16 | $30K | $26K | $3K | $608 |
| TravelLn 17 | $3K | $3K | $341 | $62 |
| InterestLn 20 | $81K | $70K | $9K | $2K |
| Depreciation, depletion and amortizationLn 22 | $3K | $2K | $283 | $51 |
| InsuranceLn 23 | $3K | $3K | $333 | $61 |
| Other expenses (24a–d)Ln 24 | $16K | $7K | $9K | $151 |
| Total functional expensesLn 25 | $611K | $484K | $116K | $11K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $1.5M | $1.7M | −$249K | $2.6M | 990 PDF |
| FY2023 | $2.9M | $7.6M | −$4.6M | $2.8M | 990 PDF |
| FY2022 | $896K | $416K | $481K | $4.6M | 990 PDF |
| FY2021 | $801K | $437K | $365K | $4.7M | 990 PDF |
| FY2020 Viewing | $1.1M | $611K | $487K | $4.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $1,098,565 revenue, 12 lines filed
Part VI · Governance 10 of 12 board members independent, 2 to look at
Part VIII · Statement of revenue $1,098,565 across 6 lines filed
Part IX · Statement of functional expenses $611,264 across 14 lines filed
Part X · Balance sheet $10,578,533 assets, 13 lines filed
Part XI · Reconciliation of net assets $4,304,113 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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