PLACEMAKING FUND

EIN: 830831709 501(c)(3) Community Improvement

BROOKLYN, NY

Total Revenue
$124,773
Total Expenses
$271,854
Total Assets
$1,092,456
Net Assets
$997,447
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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
2018
Legal Domicile
DE
Principal Officer
STEPHEN DAVIES
Phone
9175202796
Tax Period
2022-06-01 to 2023-05-31

PLACEMAKING FUND, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $125K in total revenue in fiscal year 2022. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $272K exceeded revenue, resulting in a 118% operating deficit.

Mission

THE ORGANIZATION AIMS TO (A) EDUCATE AND INFORM THE GENERAL AND PUBLIC COMMUNITIES ABOUT THE IMPORTANCE OF PUBLIC SPACES, INCLUDING PARKS, SQUARES, PLAZAS, AND OTHER PUBLIC AREAS, IN BUILDING AND SUSTAINING STRONG, HEALTHY COMMUNITIES, (B) IMPROVE COMMUNITY CONDITIONS AND FOSTER AND SUPPORT CIVIC ENGAGEMENTS BY DEVELOPING AND MAINTAINING PUBLIC SPACES AND PROVIDING COMMUNITY MEMBERS, PARTICULARLY THOSE WHO ARE UNDERREPRESENTED OR UNDERSERVED, WITH THE RESOURCES AND SKILLS TO ACCESS AND TRANSFORM THOSE SPACES, AND (C) FOSTER, SUPPORT, AND CONDUCT PROGRAMS, PROJECTS, AND ACTIVITIES CONSISTENT WITH THE FOREGOING.

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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 (2022)

Revenue Breakdown

Contributions & Grants $70,059
Program Service Revenue $87,246
Investment Income $-32,532
Other Revenue $0
TOTAL REVENUE $124,773

Expense Breakdown

Grants Paid $0
Salaries & Benefits $154,203
Fundraising Expenses $0
Program Expenses $240,232
Other Expenses $117,651
TOTAL EXPENSES $271,854

Year-over-Year Comparison

2022 2021 Change
Revenue $124,773 $534,551 -0.8%
Expenses $271,854 $254,096 +0.1%
Net Income $-147,081 $280,455 -1.5%
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
2
Independent Members
2
Employees
2
Volunteers
150

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN DAVIES PRESIDENT, S 25.00
Officer Director
$0 $0 $0
FRED KENT III VICE-PRES.,T 25.00
Officer Director
$0 $0 $0
KATHLEEN A MADDEN BOARD MEMBER 5.00
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
2023 $124,773 $271,854 $1,092,456 $-147,081
2022 $534,551 $254,096 $1,167,366 $280,455
2021 $732,082 $159,490 $1,053,465 $572,592
2020 $249,863 $166,890 $348,657 $82,973
2019 $217,939 $143,561 $156,491 $74,378
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