PLACE PROJECTS LINKING ART COMMUNI… - Form 990 Financial Data

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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

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

PLACE IS A NATIONAL NONPROFIT ORGANIZATION THAT HELPS COMMUNITIES CREATE ENTIRE NEIGHBORHOODS THAT BRING TOGETHER THE ARTS, ENVIRONMENTALISM AND SOCIAL JUSTICE.

Program Service Accomplishments

Program 1

Expenses: $1,663,387 Revenue: $1,441,409

PLACE WORKS WITH LOCAL GOVERNMENTS, FOUNDATIONS, AND COMMUNITY MEMBERS TO CREATE SUSTAINABLE, AFFORDABLE, MIXED-USE, MIXED-INCOME NEIGHBORHOODS FOR ARTISTS, UNDER-SERVED POPULATIONS FACING VARIOUS...

PLACE WORKS WITH LOCAL GOVERNMENTS, FOUNDATIONS, AND COMMUNITY MEMBERS TO CREATE SUSTAINABLE, AFFORDABLE, MIXED-USE, MIXED-INCOME NEIGHBORHOODS FOR ARTISTS, UNDER-SERVED POPULATIONS FACING VARIOUS LIFE CHALLENGES, NONPROFIT ORGANIZATIONS, AND CREATIVE BUSINESSES. WITH PLACE'S GUIDANCE, THESE NEIGHBORHOODS WILL BE CREATED WITH VIGOROUS PUBLIC DIALOG, BUILT TO THE HIGHEST ENVIRONMENTAL STANDARDS, AND FILLED WITH PEOPLE FROM ALL BACKGROUNDS AND ECONOMIC CIRCUMSTANCES. THE PLACE TEAM ASSISTS ITS COMMUNITIES WITH EVERY ASPECT OF THE PROJECT FROM VISIONING TO PLANNING, FROM DESIGN TO FUNDING, FROM CONSTRUCTION TO SERVICE COORDINATION AND PROJECT MAINTENANCE.

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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 $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

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
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

PLACE PROJECTS LINKING ART COMMUNITY & ENVIRONMENT