BOBBIES PLACE INC

EIN: 853777068 501(c)(3) Human Services

BROOKYN, NY

Total Revenue
$1,526,750
Total Expenses
$1,425,321
Total Assets
$881,192
Net Assets
$881,192
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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
2020
Legal Domicile
NY
Principal Officer
MICHELLE SCHICK
Phone
6465686606
Tax Period
2023-01-01 to 2023-12-31

BOBBIES PLACE INC, founded in 2020, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 7% surplus.

Mission

To provide clothing and other assistance at no charge to children and teens from impoverished families.

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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 $1,526,750
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,526,750

Expense Breakdown

Grants Paid $1,333,177
Salaries & Benefits $0
Fundraising Expenses $29,000
Program Expenses $1,382,704
Other Expenses $92,144
TOTAL EXPENSES $1,425,321

Year-over-Year Comparison

2023 2022 Change
Revenue $1,526,750 $1,051,864 +0.5%
Expenses $1,425,321 $1,092,934 +0.3%
Net Income $101,429 $-41,070 -3.5%
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
3
Independent Members
3
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AVI SCHICK TRUSTEE 0.50
Director
$0 $0 $0
MICHELLE SCHICK TRUSTEE 30.00
Director
$0 $0 $0
BRYNA MALITZKY TRUSTEE 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 No data No data No data No data
2023 $1,526,750 $1,425,321 $881,192 $101,429
2022 $1,051,864 $1,092,934 $779,762 $-41,070
2021 $1,119,535 $995,703 $820,832 $123,832
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