PLACE OF PROMISE INC

EIN: 043233151 501(c)(3) Religion

LOWELL, MA

Total Revenue
$709,751
Total Expenses
$509,225
Total Assets
$2,048,043
Net Assets
$2,030,782
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
MA
Principal Officer
JEFFRY KIEL
Phone
9784527217
Tax Period
2024-07-01 to 2025-06-30

PLACE OF PROMISE INC, founded in 1994, is a small nonprofit in the Religion sector that reported $710K in total revenue in fiscal year 2024. The organization ran a surplus of $201K, a strong 28% operating margin.

Mission

PROVIDE A RESIDENCE AND INTEGRATED SUPPORTIVE SERVICES WITHIN COMMUNITY TO HELP EACH INDIVIDUAL REALIZE THEIR MAXIMUM POTENTIAL - PHYSICAL, MENTAL, AND SPIRITUAL.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $615,460
Program Service Revenue $58,016
Investment Income $36,275
Other Revenue $0
TOTAL REVENUE $709,751

Expense Breakdown

Grants Paid $0
Salaries & Benefits $336,937
Fundraising Expenses $21,840
Program Expenses $406,840
Other Expenses $172,288
TOTAL EXPENSES $509,225

Year-over-Year Comparison

2024 2023 Change
Revenue $709,751 $705,771 +0.0%
Expenses $509,225 $467,806 +0.1%
Net Income $200,526 $237,965 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
16
Volunteers
193

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
11
$25,015
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH KIDD DIRECTOR 40.00
Director
$25,015 $0 $25,015
JACOB ALEXANDER DIRECTOR/TRE 2.00
Officer Director
$0 $0 $0
CLAIRE GAGNON DIRECTOR 1.00
Director
$0 $0 $0
GARY GREAVES DIRECTOR 1.00
Director
$0 $0 $0
ANGEL GUZMAN DIRECTOR 1.00
Director
$0 $0 $0
CAROL MOSTROM SECRETARY/CL 2.00
Officer Director
$0 $0 $0
DAVE RENNA DIRECTOR 1.00
Director
$0 $0 $0
LISANDRA ROSARIO DIRECTOR 1.00
Director
$0 $0 $0
SANDRA SICILIANO DIRECTOR / C 2.00
Officer Director
$0 $0 $0
CRAIG UTLEY DIRECTOR/CHA 2.00
Officer Director
$0 $0 $0
HEATHER WESTCOTT DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $709,751 $509,225 $2,048,043 $200,526
2024 $705,771 $467,806 $1,846,885 $237,965
2023 $494,800 $386,007 $1,606,411 $108,793
2022 $641,542 $354,829 $1,499,593 $286,713
2021 $754,791 $340,711 $1,252,318 $414,080
2020 $462,368 $353,576 $909,906 $108,792
2019 $501,954 $357,935 $941,927 $144,019
2018 $360,766 $415,140 $789,223 $-54,374
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