Myplace INC EIN 85-3079910 Form 990 (PDF) Claim this org

Myplace INC

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Provides safe housing and support services to help vulnerable youth and young adults achieve self-sufficiency. For fiscal year 2025 it reported $566K in revenue, $331K in expenses, and $332K in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Jackson, MI
Filings
4 on file (2021–2025)
Revenue
$566KFY2025
Expenses
$331K
Net assets
$332K
People
22
Filings
4
Updates
0
More identity details & actions ⌄
EIN  85-3079910 Public charity (501(c)(3)) Jackson, MI
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides safe housing and support services to help vulnerable youth and young adults achieve self-sufficiency.
Leadership
Karyn Beemer · Resident Director · $57K
Money in and out
$566K revenue, $331K expenses
Bottom line
86% program efficiency
Where the money goes · FY2025
Total revenue
$566K
Pt VIII · Ln 12
Total expenses
$331K
Pt IX · Ln 25
Net assets
$332K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $235K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14
Program efficiency
86%
of spending reaches programs▼ -14% vs prior filing year
Operating runway
11.4mo
months of highly liquid reserves at operating expense rate▲ +293% vs prior filing year
Surplus margin
+42%
revenue over expenses, this year▲ +308% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$566K
FY2025▲ +73%
Expenses
$331K
FY2025▼ -16%
Total assets
$332K
FY2025▲ +244%
Total liabilities
$0
FY2025
Total revenue
$566K
Pt VIII · Ln 12
Total expenses
$331K
Pt IX · Ln 25
Net assets
$332K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$235K
Total assetsPt X · Ln 16$332K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMyplace INC
EINHdr · item D85-3079910
Principal addressHdr · item CJackson, MI
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L40)
Ruling yearIRS BMFNov 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Resident Director
$57,254Pt VII · Sec A
Resident Director
$57,254Pt VII · Sec A
House Liaison
$47,340Pt VII · Sec A
House Liaison
$47,340Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Karyn Beemer’s $57K as Resident Director is at the 47th percentile of top reported officer pay among 849 $100K–1M 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 · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2021
Alexandria Fagans$65,977$49,668
Karyn Beemer$57,254$34,439
Anita Lopez$47,340$46,121
Harley Hoffman$35,146
Courtlyn Helder$32,526
Courtlyn Paule$23,731
Alexandria Brigham Fagan$21,748

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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Mission & Programs · Part III

Where the work happens

4 program services account for $569K of program spending, described in the organization's own filed words · FY2024.
01

This is the main program that provides low cost housing and holistic care to vulnerable youth aging out of the foster care system in the Greater Jackson area of Michigan.

$233Kprogram expense
02

This is the main program that provides low cost housing and holistic care to vulnerable youth aging out of the foster care system in the Greater Jackson area of Michigan.

$233Kprogram expense
03

This second program provides employment skills business education and baking trade training for youth residing at MyPlace or those at risk for exploitation. Due to insufficient funding and expenses consistently exceeding revenue the program was discontinued after December 2024.

$52Kprogram expense
04

This second program provides employment skills business education and baking trade training for youth residing at MyPlace or those at risk for exploitation. Due to insufficient funding and expenses consistently exceeding revenue the program was discontinued after December 2024.

$52Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$566K
Total revenueLn 12$566K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$284K
Management & general14%$47K
Total functional expensesLn 25$331K

Balance Sheet

Part X · end of year
CashLn 1$314K
Total assetsLn 16$332K
Total liabilitiesLn 26$0
Total net assetsLn 32$332K
Months of cash on handcomputed11.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $314K · Operating expenses/yr $331K
11.4 months
Where the money goes
Program services
Program services $284K · Total expenses $331K
86%
Management & General
Management & general $47K · Total expenses $331K
14%
Fundraising
Fundraising $0 · Total expenses $331K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $345K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $566K · Total revenue $566K
100%
Government reliance
Government grants $0 · Total revenue $566K
0%
Earned-income share
Program service revenue $0 · Total revenue $566K
0%
Investment reliance
Investment income $0 · Total revenue $566K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $331K
0%
Growth & trend
Revenue growth (YoY)
This year $566K · Prior year $327K
+73%
Revenue CAGR
FY2020 $199K · FY2024 $566K
+30%
Net-asset trend (YoY)
End of year $332K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $566K · Expenses $331K
+42%
Liabilities-to-Assets
Total liabilities — · Total assets $332K
Net-asset ratio
Net assets $332K · Total assets $332K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $332K
0%
People & payroll
Highest Reported Total Compensation
Individual Karyn Beemer · Reported title RESIDENT DIRECTOR · Highest reported compensation $57K · Total expenses $331K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $269K · Total expenses $331K
81%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 14%
Fundraising cost ratio 0%
Revenue growth 73%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.6%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 2 funders$95K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$566K revenue · viewing · ⤓ 990 PDF
FY2024$327K revenue · ⤓ 990 PDF
FY2023$271K revenue · ⤓ 990 PDF
FY2022not on file
FY2021$199K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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