CENTER FOR REGIONAL PROSPERITY

EIN: 830879130 501(c)(3) Human Services

PORTLAND, ME

Total Revenue
$2,835,597
Total Expenses
$2,643,841
Total Assets
$192,541
Net Assets
$191,756
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Principal Officer
JERRE BRYANT
Phone
2077749891
Tax Period
2023-07-01 to 2024-06-30

CENTER FOR REGIONAL PROSPERITY, founded in 2018, is a community nonprofit in the Human Services sector that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 2159% from the prior year, signaling strong growth momentum. Expenses of $2.6M left a modest 7% surplus.

Mission

THE CENTER FOR REGIONAL PROSPERITY WILL IMPROVE THE QUALITY OF LIFE FOR SOUTHERN MAINE RESIDENTS, WITH A FOCUS ON EXPANDING ECONOMIC OPPORTUNITIES, PRESERVING NATURAL RESOURCES, IMPROVING PUBLIC HEALTH, AND PROMOTING EDUCATION AND PLANNING EFFORTS IN SUPPORT OF GREATER REGIONAL PROSPERITY.

Program Service Accomplishments

Program 1
Expenses: $2,643,841

THE CENTER FOR REGIONAL PROSPERITY ENHANCES, DEVELOPS, AND PROMOTES ENVIRONMENTAL INITIATIVES, SOCIAL PRIORITIES, AND ECONOMIC OPPORTUNITIES FOR THE RESIDENTS OF GREATER PORTLAND BY ACTING AS A...

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THE CENTER FOR REGIONAL PROSPERITY ENHANCES, DEVELOPS, AND PROMOTES ENVIRONMENTAL INITIATIVES, SOCIAL PRIORITIES, AND ECONOMIC OPPORTUNITIES FOR THE RESIDENTS OF GREATER PORTLAND BY ACTING AS A CONDUIT BETWEEN THE WORK OF THE GREATER PORTLAND COUNCIL OF GOVERNMENTS AND THE PRIORITIES OF THE PHILANTHROPIC COMMUNITY IN MAINE AND ACROSS THE NATION. AS GPCOG ADVANCES ITS ECONOMIC, ENVIRONMENTAL, AND SOCIAL PRIORITIES AT THE LOCAL LEVEL, THE CENTER SEEKS OUT FUNDING TO EXTEND THE AGENCY'S CAPACITY AND EFFECTIVENESS. WHEN THE CENTER WAS ESTABLISHED BY THE GPCOG EXECUTIVE COMMITTEE IN 2018, ITS FIRST PROJECTS CENTERED ON IMPROVING BROADBAND INFRASTRUCTURE. THIS WORK SPAWNED THE MAINE BROADBAND COALITION, WHICH NOW OPERATES INDEPENDENTLY. THE MAINE BROADBAND COALITION WORKS TO SECURE UNIVERSAL, AFFORDABLE, AND EQUITABLE ACCESS TO BROADBAND CONNECTIVITY IN THE STATE OF MAINE. BETWEEN 2018 AND 2022, THE CENTER SOUGHT AND RECEIVED GRANTS TO HELP THE REGION ADDRESS OPIOID MISUSE AND SUBSTANCE USE DISORDER, ECONOMIC IMPROVEMENT, AND MOBILITY MANAGEMENT. ONE OF ITS BIGGEST SUCCESS STORIES WAS OBTAINING FUNDING FOR GPCOG'S SUCCESSFUL COMMUNITY TRANSPORTATION LEADERS PROGRAM AND THE BUS AMBASSADORS PROGRAM. THE CENTER MORE RECENTLY HAS BEEN FOCUSED ON ADDRESSING THE REGION'S HOUSING CRISIS AND REDUCING THE NUMBER OF INDIVIDUALS AND FAMILIES WHO ARE UNHOUSED. THE CENTER HAS BEEN ESPECIALLY FOCUSED ON CREATING INTENTIONAL TRANSITIONAL HOUSING TO HELP MAINE BECOME AN EQUITABLE AND PROSPEROUS PLACE FOR ALL. IN EARLY FY23, THE CENTER LAUNCHED THE SAFE IN MAINE FUND TO CATALYZE AND SUPPORT THE CREATION OF TRANSITIONAL HOUSING. THE SAFE IN MAINE FUND TAKES BOTH PUBLIC AND PRIVATE DONATIONS THAT WILL ULTIMATELY BE USED TO HELP CREATE TRANSITIONAL HOUSING IN THE GREATER PORTLAND REGION. IN EARLY 2023, THE CFRP PARTNERED WITH THE CITY OF PORTLAND AND DEVELOPERS COLLECTIVE, A LOCAL FIRM KNOWN FOR ITS WORK IN AFFORDABLE HOUSING AND EMERGENCY SHELTER, TO APPLY FOR A GRANT TO CREATE A NEW 180-BED SHELTER IN PORTLAND TO ADDRESS THE GROWING POPULATION OF PEOPLE EXPERIENCING HOMELESSNESS, INCLUDING ASYLUM SEEKERS. THE GRANT, WHICH WAS AWARDED TO THE CFRP AND ITS PARTNERS BY THE MAINE STATE HOUSING AUTHORITY (MAINEHOUSING), HAS BEEN USED TO CONVERT A 26,000 SQUARE FOOT WAREHOUSE SPACE INTO A 180- BED SHELTER WITH FOOD AND SERVICES ON SITE. SHELTER CONSTRUCTION ENDED IN LATE NOVEMBER 2023 AND THE SHELTER IS NOW FULLY OPERATIONAL. THIS SHELTER WILL HELP THE CITY OF PORTLAND AND ITS PARTNER, THE MAINE IMMIGRANTS' RIGHTS COALITION, TO PROVIDE SHELTER FOR ASYLUM SEEKERS WHILE ALSO FREEING UP SPACE AT THE CITY'S HOMELESS SERVICES CENTER FOR OTHER INDIVIDUALS EXPERIENCING HOMELESSNESS. IN 2024 AND BEYOND THE CFRP WILL CONTINUE TO TRY AND ATTRACT FUNDING FROM PUBLIC, PRIVATE AND FOUNDATION SOURCES IN ORDER TO CONTINUE ITS MISSION AND ENSURE GROWTH AND PROSPERITY FOR THE REGION.

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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 $2,835,597
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,835,597

Expense Breakdown

Grants Paid $0
Salaries & Benefits $17,260
Fundraising Expenses $0
Program Expenses $2,643,841
Other Expenses $2,626,581
TOTAL EXPENSES $2,643,841

Year-over-Year Comparison

2023 2022 Change
Revenue $2,835,597 $125,502 +21.6%
Expenses $2,643,841 $123,477 +20.4%
Net Income $191,756 $2,025 +93.7%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JERRE BRYANT PRESIDENT 1.00
Officer Director
$0 $0 $0
ED SUSLOVIC SECRETARY/TR 1.00
Officer Director
$0 $0 $0
PIOUS ALI DIRECTOR 1.00
Director
$0 $0 $0
KRISTINA EGAN DIRECTOR 1.00
Director
$0 $0 $0
CHRIS HALL DIRECTOR 1.00
Director
$0 $0 $0
MATT STURGIS DIRECTOR 1.00
Director
$0 $0 $0
PETER MILLS DIRECTOR 1.00
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
2024 $2,835,597 $2,643,841 $192,541 $191,756
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