Providence Place INC

Tax-deductible

Grafton, WI501(c)(3)HousingEIN 26-4031366

The providence place was created to reflect the love of christ by providing an inviting, carefree and secure home for independent seniors. Excess revenue generated from this housing project is to be donated to st. Paul lutheran church- missouri synod in grafton to further their ministry.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Run by 20 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $332K a year · 52% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$11.9M
194% of total assets
Concern: liabilities are 194% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$681K
+1% vs prior year
Spent
$1.1M
To programs
82%
Net assets
−$5.8M
By yearFY2020–FY2024
Revenue
$681K
FY2024▲ +1%
Revenue by fiscal year
FY2020$653K
FY2021$578K
FY2022$587K
FY2023$673K
FY2024$681K
Expenses
$1.1M
FY2024▲ +8%
Expenses by fiscal year
FY2020$882K
FY2021$962K
FY2022$968K
FY2023$969K
FY2024$1.1M
Net assets
−$5.8M
FY2024▼ -7%
Net assets by fiscal year
FY2020−$4.4M
FY2021−$4.8M
FY2022−$5.2M
FY2023−$5.4M
FY2024−$5.8M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $862K Management & general 17% · $175K Fundraising 1% · $15K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice-Preside
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Providence Place INC executive salaries →

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers a secure, carefree home for independent seniors, donating excess revenue to support a church's ministry.

Provided by the organization

This section is blank until Providence Place INC claims this page.

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2 program services account for $862K of program spending, described in the organization's own filed words · FY2024.
01

Providing housing for independent seniors, 55 and older, in a christian living environment. Our units were open for residents on december 1,2010. Expenses are for operating the facility and marketing remaining units. In january 2018, we opened phase ii, larger 2-BEDROOM units.

$862Kprogram expense
02

Programs for Residents and Community Members

Chapel services, weekly bible studies, various local outings, catered meals for special occasions, crafts and activities.

Pt IX · col B

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$681K
Ln 12
Fees for servicesLn 2g$662K
Investment incomeLn 3$16K
Gifts and grantsLn 1h$4K
Money outPt IX
$1.1M
Ln 25
Programscol B$862K
Managementcol C$175K
Fundraisingcol D$15K
Owns and owesPt X
−$5.8M
net assets · Ln 32
Cash and savingsLn 1–2$327K
Total assetsLn 16$6.1M
LiabilitiesLn 26$11.9M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4K
Fees for servicesLn 2g$662K
Investment incomeLn 3$16K
Total revenueLn 12$681K
Assets in detailPt X, end of year
CashLn 1$327K
Cash and savings togetherLn 1–2$327K
Land, buildings, equipmentLn 10c$5.8M
Other assetsLn 15$25K
Total assetsLn 16$6.1M
LiabilitiesLn 26$11.9M
Net assetsLn 32−$5.8M
OperationsPt I, VI
EmployeesI 53
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$761K$327K
Land, buildings, equipmentLn 10c$6.1M$5.8M
Total assetsLn 16$6.9M$6.1M
LiabilitiesLn 26$12.3M$11.9M
Net assetsLn 32−$5.4M−$5.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$112K$67K$34K$11K
Payroll taxesLn 10$13K$8K$4K$1K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$640$640
Advertising and promotionLn 12$22K$10K$10K$2K
Office expensesLn 13$24K$22K$3K
OccupancyLn 16$368K$303K$66K
InterestLn 20$80K$40K$40K
Depreciation, depletion and amortizationLn 22$401K$401K
InsuranceLn 23$16K$12K$5K$186
Total functional expensesLn 25$1.1M$862K$175K$15K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $681K$1.1M−$370K−$5.8M 990 PDF
FY2023 $673K$969K−$296K−$5.4M 990 PDF
FY2022 $587K$968K−$382K−$5.2M 990 PDF
FY2021 $578K$962K−$383K−$4.8M 990 PDF
FY2020 $653K$882K−$229K−$4.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $681,380 across 5 lines filed
VIII-1f All other contributions, gifts and grants$4,104
VIII-1h Total contributions, gifts and grants$4,104
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $661,624$661,624
VIII-3 Investment incomeExcluded from tax $15,652$15,652
VIII-12 Total revenueRelated to mission $661,624 · Excluded from tax $15,652$681,380
Part IX · Statement of functional expenses $1,051,388 across 11 lines filed
IX-7 Other salaries and wagesPrograms $67,020 · Management $33,510 · Fundraising $11,170$111,700
IX-10 Payroll taxesPrograms $7,639 · Management $3,820 · Fundraising $1,273$12,732
IX-11b Legal feesManagement $1,450$1,450
IX-11c Accounting feesManagement $12,480$12,480
IX-11g Other fees for servicesManagement $640$640
IX-12 Advertising and promotionPrograms $9,722 · Management $9,721 · Fundraising $2,160$21,603
IX-13 Office expensesPrograms $21,551 · Management $2,815$24,366
IX-16 OccupancyPrograms $302,720 · Management $65,525$368,245
IX-20 InterestPrograms $40,219 · Management $40,220$80,439
IX-22 Depreciation, depletion and amortizationPrograms $401,402$401,402
IX-23 InsurancePrograms $11,504 · Management $4,641 · Fundraising $186$16,331
IX-25 Total functional expensesPrograms $861,777 · Management $174,822 · Fundraising $14,789$1,051,388
Part X · Balance sheet $6,129,613 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $761,059$327,164
X-9 Prepaid expenses and deferred chargesStart of year $15,396$24,601
X-10c Land, buildings and equipment, netStart of year $6,104,677$5,752,276
X-14 Intangible assetsStart of year $891$426
X-15 Other assetsStart of year $22,353$25,146
X-16 Total assetsStart of year $6,905,851$6,129,613
X-17 Accounts payable and accrued expensesStart of year $57,916$65,176
X-25 Other liabilitiesStart of year $12,269,912$11,856,422
X-26 Total liabilitiesStart of year $12,327,828$11,921,598
X-32 Total net assets or fund balancesStart of year −$5,421,977−$5,791,985
X-33 Total liabilities and net assetsStart of year $6,905,851$6,129,613
Part XI · Reconciliation of net assets −$5,791,985 net assets at year end
XI-1 Total revenue$681,380
XI-2 Total expenses$1,051,388
XI-3 Revenue less expenses−$370,008
XI-4 Net assets at start of year−$5,421,977
XI-10 Net assets at end of year−$5,791,985

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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