PRESIDENTIAL PLACE INC % THE COMMUNITY BUILDERS INC

EIN: 050503924 501(c)(3) Housing & Shelter

BOSTON, MA

Total Revenue
$1,028,813
Total Expenses
$951,827
Total Assets
$2,894,239
Net Assets
$2,790,475
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
RI
Principal Officer
THOMAS BUONOPANE
Phone
8572218600
Tax Period
2024-07-01 to 2025-06-30

PRESIDENTIAL PLACE INC % THE COMMUNITY BUILDERS INC, founded in 1999, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $952K left a modest 7% surplus.

Mission

TO CONSTRUCT OWN AND OPERATE 51 UNITS OF AFFORDABLE HOUSING FOR PERSONS OF LOW INCOME IN CRANSTON, RI.

Program Service Accomplishments

Program 1
Expenses: $861,571 Revenue: $292,216

TO CONSTRUCT OWN AND OPERATE 51 UNITS OF AFFORDABLE HOUSING FOR PERSONS OF LOW INCOME IN CRANSTON, RI.

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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 $734,948
Program Service Revenue $220,318
Investment Income $1,649
Other Revenue $71,898
TOTAL REVENUE $1,028,813

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $861,571
Other Expenses $951,827
TOTAL EXPENSES $951,827

Year-over-Year Comparison

2024 2023 Change
Revenue $1,028,813 $732,548 +0.4%
Expenses $951,827 $833,053 +0.1%
Net Income $76,986 $-100,505 -1.8%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
2
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
2
$594,623
Total Directors
2
$594,623
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS BUONOPANE DIRECTOR, PRESIDENT 0.10
Officer Director
$0 $44,553 $291,565
D MORGAN WILSON DIR.,TREASURER/SECRETARY 0.10
Officer Director
$0 $45,315 $303,058
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 $1,028,813 $951,827 $2,894,239 $76,986
2024 $732,548 $833,053 $2,865,919 $-100,505
2023 $687,657 $771,783 $2,928,989 $-84,126
2022 $676,706 $753,162 $3,003,732 $-76,456
2021 $632,642 $738,359 $3,040,068 $-105,717
2020 $630,425 $707,122 $3,162,992 $-76,697
2019 $625,358 $754,079 $3,260,582 $-128,721
2018 $637,313 $742,208 $3,368,787 $-104,895
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