PROVIDENCE PLACE V INC

EIN: 562198190 501(c)(3) Arts, Culture & Humanities

SOUTHERN PINES, NC

Total Revenue
$266,198
Total Expenses
$298,020
Total Assets
$993,181
Net Assets
$-1,361,798
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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
2000
Legal Domicile
NC
Principal Officer
REBECCA LISTROM
Phone
9102463107
Tax Period
2024-10-01 to 2025-09-30

PROVIDENCE PLACE V INC, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $266K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $298K exceeded revenue, resulting in a 12% operating deficit.

Mission

OPERATE 31 UNIT APARTMENT COMPLEX FOR ELDERLY AND 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 $152,779
Program Service Revenue $113,383
Investment Income $36
Other Revenue $0
TOTAL REVENUE $266,198

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $287,925
Other Expenses $298,020
TOTAL EXPENSES $298,020

Year-over-Year Comparison

2024 2023 Change
Revenue $266,198 $217,084 +0.2%
Expenses $298,020 $240,066 +0.2%
Net Income $-31,822 $-22,982 +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

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 $266,198 $298,020 $993,181 $-31,822
2024 $217,084 $240,066 $997,200 $-22,982
2023 $211,823 $229,069 $1,033,444 $-17,246
2022 $192,599 $244,875 $1,020,551 $-52,276
2021 $178,344 $238,453 $1,078,575 $-60,109
2020 $173,890 $216,215 $1,126,263 $-42,325
2019 $169,036 $211,263 $1,173,466 $-42,227
2018 $173,097 $210,903 $1,215,654 $-37,806
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