RED'S PLACE INC

EIN: 320697298

CLEARWATER, FL

Total Revenue
$148,200
Total Expenses
$94,974
Total Assets
$658,691
Net Assets
$644,606
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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
2022
Legal Domicile
FL
Principal Officer
BRUCE DANIELSON
Phone
7274205664
Tax Period
2025-01-01 to 2025-12-31

RED'S PLACE INC, founded in 2022, is a small nonprofit that reported $148K in total revenue in fiscal year 2025. Revenue fell 46% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $53K, a strong 36% operating margin.

Mission

PROVIDE A SAFE,NURTURING AND INCLUSIVE RESIDENTIAL COMMUNITY THAT FOSTERS INDEPENDENCE,WELLNESS, AND SELF-VALUE FOR INDIVIDUALS WITH INTELLECTUAL DISABILITIES.

Program Service Accomplishments

Program 1

RED'S PLACE IS A NON-PROFIT THAT WILL PROVIDE A LIVE/LEARN ENVIRONMENT FOR AUTISTIC ADULTS. THE PROPERTY WILL BE HOME TO 54 ADULTS EACH WITH THEIR OWN APARTMENT. IT WILL BE A FULL-SERVICE RESIDENCE...

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RED'S PLACE IS A NON-PROFIT THAT WILL PROVIDE A LIVE/LEARN ENVIRONMENT FOR AUTISTIC ADULTS. THE PROPERTY WILL BE HOME TO 54 ADULTS EACH WITH THEIR OWN APARTMENT. IT WILL BE A FULL-SERVICE RESIDENCE PROVIDING MEALS, TRANSPORTATION, SUPERVISION AND SUPPORT TO ALL RESIDENTS. THERE IS ALSO AN EDUCATIONAL ELEMENT TO THE BUILDING TO PROVIDE LIFE SKILLS TRAINING FOR THE RESIDENTS AND ALSO OUTSIDE MEMBERS OF THE LOCAL COMMUNITIES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $148,200
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $148,200

Expense Breakdown

Grants Paid $0
Salaries & Benefits $93,079
Fundraising Expenses $0
Program Expenses $94,869
Other Expenses $1,895
TOTAL EXPENSES $94,974

Year-over-Year Comparison

2025 2024 Change
Revenue $148,200 $274,000 -0.5%
Expenses $94,974 $90,341 +0.1%
Net Income $53,226 $183,659 -0.7%
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
5
Independent Members
4
Employees
1
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUCE DANIELSON PRESIDENT 15.00
Officer
$0 $0 $0
THOMAS RASK VICE PRESIDE 5.00
Officer
$0 $0 $0
DAVID REPKA SECRETARY 5.00
Officer
$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 $148,200 $94,974 $658,691 $53,226
2023 No data $80,751 $420,884 No data
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