PLACE PROJECTS LINKING ART COMMUNITY & ENVIRONMENT

EIN: 204361698 501(c)(3) Housing & Shelter

MINNEAPOLIS, MN

Total Revenue
$1,456,318
Total Expenses
$1,705,737
Total Assets
$13,659,596
Net Assets
$2,580,752
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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
2006
Legal Domicile
MN
Principal Officer
CHRIS VELASCO
Phone
6123093889
Tax Period
2024-01-01 to 2024-12-31

PLACE PROJECTS LINKING ART COMMUNITY & ENVIRONMENT, founded in 2006, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO BUILD A SUSTAINABLE, JUST, AND INSPIRING WORLD, ONE COMMUNITY AT A TIME.

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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 $49,560
Program Service Revenue $1,441,409
Investment Income $-34,651
Other Revenue $0
TOTAL REVENUE $1,456,318

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,663,387
Other Expenses $1,705,737
TOTAL EXPENSES $1,705,737

Year-over-Year Comparison

2024 2023 Change
Revenue $1,456,318 $2,936,446 -0.5%
Expenses $1,705,737 $7,553,724 -0.8%
Net Income $-249,419 $-4,617,278 -0.9%
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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
12

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
6
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS VELASCO PRESID/EXE DIR 42.00
Officer Director
$0 $0 $0
ELIZABETH BOWLING interim treas. 42.00
Director
$0 $0 $0
GARTH ROCKCASTLE CO-VICE PRESID 2.00
Officer Director
$0 $0 $0
KERRI STAHLECKER CO-VICE PRESID 2.00
Officer Director
$0 $0 $0
BRENT WEBB TREASURER 0.00
Officer Director
$0 $0 $0
EMILY MONAREZ CO-SECRETARY 2.00
Officer Director
$0 $0 $0
ROMULO E SAMANIEGO CO-SECRETARY 2.00
Officer Director
$0 $0 $0
JONATHAN PEArLSTEIN DIRECTOR 2.00
Director
$0 $0 $0
CHARLES L RAISON MD DIRECTOR 0.00
Director
$0 $0 $0
ALICE HINIKER Director 2.00
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 $1,456,318 $1,705,737 $13,659,596 $-249,419
2023 $2,936,446 $7,553,724 $14,803,036 $-4,617,278
2022 $896,204 $415,664 $88,063,174 $480,540
2021 $801,378 $436,634 $11,978,252 $364,744
2020 $1,098,565 $611,264 $10,578,533 $487,301
2019 $870,875 $2,398,127 $9,674,029 $-1,527,252
2018 $2,768,320 $571,562 $9,327,855 $2,196,758
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