PROVIDENCE PLACE CARTHAGE I INC

EIN: 300649544 501(c)(3) Housing & Shelter

SOUTHERN PINES, NC

Total Revenue
$178,702
Total Expenses
$284,242
Total Assets
$1,886,750
Net Assets
$-882,175
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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
2010
Legal Domicile
NC
Principal Officer
REBECCA LISTROM
Phone
9102463107
Tax Period
2024-10-01 to 2025-09-30

PROVIDENCE PLACE CARTHAGE I INC, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $179K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $284K exceeded revenue, resulting in a 59% operating deficit.

Mission

OPERATE A 18 UNIT APARTMENT COMPLEX FOR THE ELDERLY & DISABLED.

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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 $88,494
Program Service Revenue $89,878
Investment Income $330
Other Revenue $0
TOTAL REVENUE $178,702

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $275,436
Other Expenses $284,242
TOTAL EXPENSES $284,242

Year-over-Year Comparison

2024 2023 Change
Revenue $178,702 $151,029 +0.2%
Expenses $284,242 $210,193 +0.4%
Net Income $-105,540 $-59,164 +0.8%
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
7
Independent Members
7
Employees
N/A
Volunteers
7

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
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALONA SLOAN BOARD MEMBER 0.50
Director
$0 $0 $0
ROBERT LANDASS BOARD MEMBER 0.50
Director
$0 $0 $0
LAURA BIBEY BOARD MEMBER 0.50
Director
$0 $0 $0
REBECCA LISTROM CHAIRPERSON 0.50
Officer Director
$0 $0 $0
FRANCES RAY VICE CHAIRPERSON 0.50
Officer Director
$0 $0 $0
WANDA DOUGLAS TREASURER 0.50
Officer Director
$0 $0 $0
SCOTT BREWTON CORPORATE SECRETARY 0.50
Officer 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 $178,702 $284,242 $1,886,750 $-105,540
2024 $151,029 $210,193 $1,966,262 $-59,164
2023 $128,314 $199,508 $2,025,469 $-71,194
2022 $121,599 $192,257 $2,088,689 $-70,658
2021 $119,805 $193,463 $2,161,759 $-73,658
2020 $118,944 $188,043 $2,232,312 $-69,099
2019 $121,738 $203,037 $2,312,177 $-81,299
2018 $119,828 $177,095 $2,387,246 $-57,267
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