Prentice Place

EIN: 611479613 501(c)(3) Mental Health

Chicago, IL

Total Revenue
$994,710
Total Expenses
$1,149,278
Total Assets
$111,638
Net Assets
$-159,551
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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
2004
Legal Domicile
IL
Principal Officer
Prentice Earl
Phone
7733913123
Tax Period
2025-01-01 to 2025-12-31

Prentice Place, founded in 2004, is a small nonprofit in the Mental Health sector that reported $995K in total revenue in fiscal year 2025. Revenue decreased 19% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 16% operating deficit.

Mission

To provide housing for individuals dealing with addiction

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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 $253,609
Program Service Revenue $738,000
Investment Income $0
Other Revenue $3,101
TOTAL REVENUE $994,710

Expense Breakdown

Grants Paid $0
Salaries & Benefits $457,195
Fundraising Expenses $0
Program Expenses $738,000
Other Expenses $692,083
TOTAL EXPENSES $1,149,278

Year-over-Year Comparison

2025 2024 Change
Revenue $994,710 $1,227,918 -0.2%
Expenses $1,149,278 $1,147,334 +0.0%
Net Income $-154,568 $80,584 -2.9%
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
N/A
Employees
5
Volunteers
5

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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PRENTICE EARL Chairman 5.00
Director
$0 $0 $0
GRANTLIN BANKS Secretary 5.00
Director
$0 $0 $0
LARRY SARTIN President 5.00
Director
$0 $0 $0
SHANINA MCCREGG Treasurer 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 $994,710 $1,149,278 $111,638 $-154,568
2024 $1,227,918 $1,147,334 $201,894 $80,584
2023 $767,579 $818,924 $61,429 $-51,345
2022 $841,886 $973,713 $146,185 $-131,827
2021 $608,279 $707,917 $150,118 $-99,638
2020 $633,718 $522,403 $228,378 $111,315
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