Provident Commonwealth Education Resources Inc

EIN: 811381404 501(c)(3) Housing & Shelter

Baton Rouge, LA

Total Revenue
$13,822,769
Total Expenses
$15,035,446
Total Assets
$133,223,033
Net Assets
$-23,465,302
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
MA
Phone
2257663977
Tax Period
2023-01-01 to 2023-12-31

Provident Commonwealth Education Resources Inc, founded in 2016, is a mid-sized nonprofit in the Housing & Shelter sector that reported $13.8M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

Provident Commonwealth Education Resources, Inc. promotes and advances education through the acquisition, planning, development, financing, equipping, managing, operating, and maintaining of one or more dormitory facilities, dining facilities, parking facilities, and other ancillary facilities on the campus of The University of Massachusetts Boston and member institutions.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $13,033,010
Investment Income $725,524
Other Revenue $64,235
TOTAL REVENUE $13,822,769

Expense Breakdown

Grants Paid $0
Salaries & Benefits $395,131
Fundraising Expenses $0
Program Expenses $14,840,352
Other Expenses $14,640,315
TOTAL EXPENSES $15,035,446

Year-over-Year Comparison

2023 2022 Change
Revenue $13,822,769 $12,563,325 +0.1%
Expenses $15,035,446 $14,952,475 +0.0%
Net Income $-1,212,677 $-2,389,150 -0.5%
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
N/A
Volunteers
2

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
5
$5,005,637
Total Directors
5
$888,425
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TREASURER 1.0
Officer Director
$0 $0 $0
N/A VICE PRESIDENT AND ASSISTANT TREASURER 1.0
Officer Director
$0 $46,385 $840,425
N/A CLERK AND SECRETARY 1.0
Officer Director
$0 $0 $24,000
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $24,000
N/A VICE PRESIDENT AND ASSISTANT CLERK 1.0
Officer
$0 $37,860 $642,110
N/A PRESIDENT 1.0
Officer
$0 $27,395 $3,499,102
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
2024 No data No data No data No data
2023 $13,822,769 $15,035,446 $133,223,033 $-1,212,677
2022 $12,563,325 $14,952,475 $138,049,827 $-2,389,150
2021 $7,390,935 $14,213,272 $142,254,594 $-6,822,337
2020 $4,966,171 $14,399,006 $149,101,513 $-9,432,835
2019 $10,807,483 $14,455,491 $161,135,686 $-3,648,008
2018 $4,949,704 $4,702,431 $163,862,717 $247,273
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