PROJECT PLASE INC

EIN: 237367331 501(c)(3) Housing & Shelter

BALTIMORE, MD

Total Revenue
$9,691,576
Total Expenses
$9,163,010
Total Assets
$6,323,396
Net Assets
$4,770,308
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
MD
Phone
4108371400
Tax Period
2024-07-01 to 2025-06-30

PROJECT PLASE INC, founded in 1973, is a community nonprofit in the Housing & Shelter sector that reported $9.7M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $9.2M left a modest 5% surplus.

Mission

Project PLASE,Inc. addresses homelessness by providing temporary housing, permanent housing and supportive services to homeless adults and families. We serve the most vulnerable and underserved,including persons with mental illness,HIV/AIDS,addiction& developmental disabilities.

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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 $8,093,596
Program Service Revenue $866,650
Investment Income $-267,836
Other Revenue $999,166
TOTAL REVENUE $9,691,576

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,333,403
Fundraising Expenses $37,012
Program Expenses $8,726,141
Other Expenses $5,829,607
TOTAL EXPENSES $9,163,010

Year-over-Year Comparison

2024 2023 Change
Revenue $9,691,576 $8,590,095 +0.1%
Expenses $9,163,010 $8,989,268 +0.0%
Net Income $528,566 $-399,173 -2.3%
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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Governance

Voting Members
12
Independent Members
11
Employees
81
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
4
$23,196
Total Directors
12
$23,196
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY SLICHER EXECUTIVE DIRECTOR 40.00
Officer Director
$23,196 $0 $23,196
ARTHUR SERVERANCE PRESIDENT 6.00
Officer Director
$0 $0 $0
LAWERENCE RICHARDSON TREASURER 6.00
Officer Director
$0 $0 $0
THOMAS MCCARTHY SECRETARY 6.00
Officer Director
$0 $0 $0
FRANKLIN LEE MEMBER 2.00
Director
$0 $0 $0
RONALD WIMBERLY-EL MEMBER 2.00
Director
$0 $0 $0
ADAM SCHNEIDER MEMBER 2.00
Director
$0 $0 $0
CINDI BASSFORD MEMBER 2.00
Director
$0 $0 $0
REBECCA DAVIS MEMBER 2.00
Director
$0 $0 $0
STEVE MARTIN MEMBER 2.00
Director
$0 $0 $0
WYNETTE SIMS MEMBER 2.00
Director
$0 $0 $0
SARAH WISE MEMBER 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
2025 $9,691,576 $9,163,010 $6,323,396 $528,566
2024 $8,902,484 $8,898,085 $7,920,726 $4,399
2024 $8,590,095 $8,989,268 $7,920,726 $-399,173
2023 $8,731,233 $8,591,919 $6,936,253 $139,314
2022 $9,590,103 $9,203,168 $6,840,900 $386,935
2022 $9,590,103 $9,203,168 $6,840,900 $386,935
2021 $8,736,847 $8,810,732 $6,132,817 $-73,885
2021 $8,999,720 $8,846,784 $6,563,951 $152,936
2020 $7,796,235 $7,751,905 $6,182,020 $44,330
2019 $7,346,202 $7,219,687 $5,059,442 $126,515
2018 $7,364,504 $7,240,854 $4,883,969 $123,650
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