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.

Program Service Accomplishments

Program 1
Expenses: $3,871,360 Revenue: $3,871,360

CONTINUUM OF CARE RENTAL ASSISTANCE- WE RECEIVE GOVERNMENT FUNDING WHICH WE UTILIZE TO PAY RENT ON BEHALF OF OUR CLIENTS FOR APARTMENTS AND HOMES AS PART OF OUR PERMANENT HOUSING PROGRAM TO...

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CONTINUUM OF CARE RENTAL ASSISTANCE- WE RECEIVE GOVERNMENT FUNDING WHICH WE UTILIZE TO PAY RENT ON BEHALF OF OUR CLIENTS FOR APARTMENTS AND HOMES AS PART OF OUR PERMANENT HOUSING PROGRAM TO APPROXIMATELY 100 CLIENTS.

Program 2
Expenses: $2,434,465 Revenue: $2,434,465

SUPPORTIVE SERVICES FOR VETERANS FAMILIES- THE PRIMARY AIM OF THE SSVF PROGRAM IS TO HELP VETERAN FAMILIES WHO ARE HOMELESS, OR AT-RISK OF HOMELESSNESS, QUICKLY REGAIN STABILITY IN PERMANENT HOUSING...

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SUPPORTIVE SERVICES FOR VETERANS FAMILIES- THE PRIMARY AIM OF THE SSVF PROGRAM IS TO HELP VETERAN FAMILIES WHO ARE HOMELESS, OR AT-RISK OF HOMELESSNESS, QUICKLY REGAIN STABILITY IN PERMANENT HOUSING AFTER EXPERIENCING A HOUSING CRISIS AND/OR HOMELESSNESS. FOR VETERANS AT RISK OF LOSING HOUSING, SSVF GRANT FUNDS PROVIDE SUPPORTIVE SERVICESS TO VERY LOW-INCOME VETERAN FAMILIES THAT FALL WITHIN ONE OF THE THREE CATEGORIES OF OCCUPYING PERMANENT HOUSING, INCLUDING HOMELESS PREVENTION FINANCIAL HELP AND SUPPORT SERVICES. THE STAFF OF SSVF GRANT PROVIDES THE FOLLOWING SUPPORTIVE SERVICES: RAPID REHOUSING, RENTAL ASSISTANCE, OUTREACH SERVICES, CASE MANAGMENT SERVICES, ASSISTANCE IN OBTAINING VA BENEFITS, EMPLOYMENT ASSISTANCE, LEGAL SERVICES, HEALTH, CHILD CARE, EMERGENCY SUPPLIES, AND CAR REPAIR, FOR VETERANS THAT ARE ELIGIBLE.

Program 3
Expenses: $1,367,514 Revenue: $734,969

OTHER PROGRAMS

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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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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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