FIREHOUSE PLACE INC

EIN: 273491241 501(c)(3) Housing & Shelter

BEVERLY, MA

Total Revenue
$88,198
Total Expenses
$103,255
Total Assets
$924,486
Net Assets
$61,525
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
MA
Principal Officer
ANDREW DEFRANZA
Phone
9789221305
Tax Period
2024-01-01 to 2024-12-31

FIREHOUSE PLACE INC, founded in 2010, is a micro nonprofit in the Housing & Shelter sector that reported $88K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $103K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME INDIVIDUALS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $87,053
Investment Income $1,145
Other Revenue $0
TOTAL REVENUE $88,198

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $87,606
Other Expenses $103,255
TOTAL EXPENSES $103,255

Year-over-Year Comparison

2024 2023 Change
Revenue $88,198 $81,664 +0.1%
Expenses $103,255 $87,142 +0.2%
Net Income $-15,057 $-5,478 +1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
13

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
5
$712,851
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ABU TOPPIN DIRECTOR 1.00
Director
$0 $0 $0
CYNTHIA NINA-SOTO DIRECTOR 1.00
Director
$0 $0 $0
DANE POESKE DIRECTOR 1.00
Director
$0 $0 $0
ISIS PATTERSON DIRECTOR 1.00
Director
$0 $0 $0
JOHN THOMSON TREASURER 1.00
Officer Director
$0 $0 $0
KEVIN NOYES DIRECTOR 1.00
Director
$0 $0 $0
KURT JAMES CLERK 1.00
Officer Director
$0 $0 $0
MICHAEL SCHAAF DIRECTOR 1.00
Director
$0 $0 $0
PAM CONSTANTINE VICE PRESIDENT 1.00
Director
$0 $0 $0
RICK ALPERN DIRECTOR 1.00
Director
$0 $0 $0
ROBERT GILLIS PRESIDENT 1.00
Officer Director
$0 $0 $0
TRACEY ARMSTRONG DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM SCANLON DIRECTOR 1.00
Director
$0 $0 $0
ANDREW DEFRANZA EXECUTIVE DIRECTOR 1.00
Officer
$0 $24,789 $467,666
TIMOTHY DONOVAN COO 1.00
Officer
$0 $23,928 $245,185
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 $88,198 $103,255 $924,486 $-15,057
2023 $81,664 $87,142 $952,545 $-5,478
2022 $75,998 $91,799 $960,980 $-15,801
2021 $75,421 $84,967 $980,129 $-9,546
2020 $75,359 $94,921 $996,777 $-19,562
2019 $70,351 $95,689 $1,023,403 $-25,338
2018 $68,726 $81,078 $1,056,376 $-12,352
Explore More Nonprofits
Top 100 Nonprofits in Massachusetts Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare FIREHOUSE PLACE INC with other nonprofits in Massachusetts and across the country.