Warming Place EIN 99-3316074

Warming Place

EIN  99-3316074 Public charity (501(c)(3)) Nantucket, MA
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Size
$100K–1M
What they do
Provides warm, safe shelter and support for homeless individuals in the Nantucket community.
Leadership
Vincent Debaggis · President
Money in and out
$195K revenue, $123K expenses
Bottom line
53% program efficiency

Provides warm, safe shelter and support for homeless individuals in the Nantucket community. For fiscal year 2024 it reported $195K in revenue, $123K in expenses, and $325K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$195K
Pt VIII · Ln 12
Total expenses
$123K
Pt IX · Ln 25
Net assets
$325K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $72K
Where spending went · Part IX cols B–D
Program services $0.53 Management & general $0.04 Fundraising $0.42
Program efficiency
53%
of spending reaches programs
Operating runway
32.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+37%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total revenue
$195K
Pt VIII · Ln 12
Total expenses
$123K
Pt IX · Ln 25
Net assets
$325K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$72K
Total assetsPt X · Ln 16$325K
Program-expense ratioPt IX · col B53%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $66K of program spending, described in the organization's own filed words · FY2024.
01

Operate a warm and safe shelter for members of the nantucket community who are experiencing homelessness. At the same time, cultivating an environment of compassion and understanding, where individuals find refuge from the cold and supporting services.

$66Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWarming Place
EINHdr · item D99-3316074
Principal addressHdr · item CNantucket, MA
WebsiteHdr · item Jthewarmingplace.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L41)
Ruling yearIRS BMFJul 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$192K · 98%
Investment income$3K · 2%
Contributions & grants98%$192K
Investment income2%$3K
Total revenueLn 12$195K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.53 Management & general $0.04 Fundraising $0.42
Program services53%$66K
Management & general4%$5K
Fundraising42%$52K
Total functional expensesLn 25$123K

Balance Sheet

Part X · end of year
CashLn 1$246K
Total assetsLn 16$325K
Total liabilitiesLn 26$0
Total net assetsLn 32$325K
Months of cash on handcomputed23.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $321K · Operating expenses (Pt IX) $123K · Less non-cash grants $6K · Cash operating expenses/yr $118K
32.8 months
Where the money goes
Program services
Program services $66K · Total expenses $123K
53%
Management & General
Management & general $5K · Total expenses $123K
4%
Fundraising
Fundraising $52K · Total expenses $123K
42%
Cost to raise $1
Fundraising expense $52K · Solicited contributions $192K
$0.27 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $192K · Total revenue $195K
98%
Government reliance
Government grants — · Total revenue $195K
Earned-income share
Program service revenue $0 · Total revenue $195K
0%
Investment reliance
Investment income $3K · Total revenue $195K
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $123K
0%
Growth & trend
Revenue growth (YoY)
This year $195K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $325K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $195K · Expenses $123K
+37%
Liabilities-to-Assets
Total liabilities — · Total assets $325K
Net-asset ratio
Net assets $325K · Total assets $325K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $75K · Total assets (Pt X, ln 16) $325K
23%
People & payroll
Highest Reported Total Compensation
Individual Vincent Debaggis · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $123K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $42K · Total expenses $123K
34%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 53%
Overhead ratio 4%
Fundraising cost ratio 27%
Investment management fee ratio 0%
Legal fee ratio 1%

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 1 funder$20K

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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
FY2024 (Latest)$195K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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