Providence Place Inc

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

Sr Kathleen Popko

Phone

4134202554

Tax Period

2024-01-01 to 2024-12-31

Providence Place Inc, founded in 1997, is a community nonprofit in the Housing & Shelter sector that reported $5.4M in total revenue in fiscal year 2024. Expenses of $5.2M left a modest 4% surplus.

Mission

Providence Place offers independent living rental apartments for seniors seeking an active and independent senior housing community.

Program Service Accomplishments

Program 1

Expenses: $3,750,303 Revenue: $5,376,308

Providence Place is a ministry of the Sisters of Providence Ministry Corporation managed by Trinity Senior Services Management. Providence Place offers rental apartments at affordable rates to 119...

Providence Place is a ministry of the Sisters of Providence Ministry Corporation managed by Trinity Senior Services Management. Providence Place offers rental apartments at affordable rates to 119 older, moderate income individuals.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,663

Program Service Revenue $5,318,632

Investment Income $25,482

Other Revenue $53,408

TOTAL REVENUE $5,408,185

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,408,943

Fundraising Expenses $0

Program Expenses $3,750,303

Other Expenses $2,764,851

TOTAL EXPENSES $5,173,794

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,408,185	$5,120,011	+0.1%
Expenses	$5,173,794	$5,145,705	+0.0%
Net Income	$234,391	$-25,694	-10.1%

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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Hoey Laurie	Executive Director	0.00		$0	$0	$126,327
Sr Kathleen Popko SP	President	1.00	Officer Director	$0	$0	$0
Sr Senga Fulton SP	Treasurer	1.00	Officer Director	$0	$0	$0
Sr Mary Caritas Geary SP	Secretary	1.00	Officer Director	$0	$0	$0
Sr Geraldine Noonan SP	Trustee	1.00	Director	$0	$0	$0
Michael Tremble	Trustee	1.00	Director	$0	$0	$0
JOHN SJOBERG	Trustee	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
2024	$5,408,185	$5,173,794	$7,644,913	$234,391
2023	$5,120,011	$5,145,705	$7,554,357	$-25,694
2022	$4,859,539	$4,952,706	$7,752,132	$-93,167
2021	$4,349,524	$4,868,988	$8,262,213	$-519,464
2020	$4,848,769	$4,511,994	$8,823,166	$336,775
2019	$4,654,680	$4,797,008	$8,523,347	$-142,328
2018	$4,423,337	$4,492,779	$9,406,843	$-69,442