CARSON PLACE INC

EIN: 311648231 501(c)(3) Housing & Shelter

BIRMINGHAM, AL

Total Revenue
$65,652
Total Expenses
$76,193
Total Assets
$290,334
Net Assets
$-316,821
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
AL
Principal Officer
SCOTTY COLSON
Phone
2055954555
Tax Period
2024-10-01 to 2025-09-30

CARSON PLACE INC, founded in 2001, is a micro nonprofit in the Housing & Shelter sector that reported $58K in total revenue in fiscal year 2019. Expenses of $78K exceeded revenue, resulting in a 34% operating deficit.

Mission

TO PROVIDE LOW-INCOME HOUSING

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $65,283
Investment Income $369
Other Revenue $0
TOTAL REVENUE $65,652

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $68,199
Other Expenses $76,193
TOTAL EXPENSES $76,193

Year-over-Year Comparison

2024 2023 Change
Revenue $65,652 $62,657 +0.0%
Expenses $76,193 $79,821 0.0%
Net Income $-10,541 $-17,164 -0.4%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTTY COLSON PRESIDENT 0.00
Director
$0 $0 $0
CINDY SMITH MEMBER 0.00
Director
$0 $0 $0
PEGGY HORNE MEMBER 0.00
Director
$0 $0 $0
DONNA BURGESS MEMBER 0.00
Director
$0 $0 $0
LAURA ROBERTS MEMBER 0.00
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 $65,652 $76,193 $290,334 $-10,541
2024 $62,657 $79,821 $301,880 $-17,164
2023 $62,500 $73,644 $319,789 $-11,144
2022 $56,704 $71,563 $336,941 $-14,859
2021 $57,313 $78,281 $335,559 $-20,968
2020 $57,891 $77,699 $354,820 $-19,808
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