FIRST PLACE

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

MARYAM MASON

Phone

2063470699

Tax Period

2023-09-01 to 2024-08-31

FIRST PLACE, founded in 1989, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.7M in total revenue in fiscal year 2023. Expenses of $1.9M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE MISSION OF FIRST PLACE IS TO EDUCATE AND NURTURE CHILDREN WHOSE FAMILIES STRUGGLE WITH THE RISK OR REALITY OF HOMELESSNESS. WE OFFER HOUSING, CULTURALLY RELEVANT EDUCATION AND SUPPORT SERVICES ENABLING FAMILIES TO ACHIEVE PERMANENT STABILITY. SINCE ITS FOUNDING FIRST PLACE HAS SERVED OVER 7,000 INDIVIDUALS THROUGH ITS EDUCATIONAL AND FAMILY SUPPORT PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $1,107,487 Revenue: $46,006

EDUCATION: FIRST PLACE HAS A CAPACITY OF EDUCATING 51 STUDENTS AT ANY GIVEN TIME IN EARLY LEARNING AND PRESCHOOL EDUCATION PROGRAM. FIRST PLACE PROVIDES DIRECT EDUCATIONAL SERVICES, NUTRITION, AND...

EDUCATION: FIRST PLACE HAS A CAPACITY OF EDUCATING 51 STUDENTS AT ANY GIVEN TIME IN EARLY LEARNING AND PRESCHOOL EDUCATION PROGRAM. FIRST PLACE PROVIDES DIRECT EDUCATIONAL SERVICES, NUTRITION, AND FAMILY SUPPORT SERVICES TO ALL STUDENTS ENROLLED.

Program 2

Expenses: $505,045 Revenue: $203,406

HOUSING STABILITY PROGRAM: FIRST PLACE PROVIDES TRANSITIONAL HOUSING TO FAMILIES EXPERIENCING HOMELESSNESS AND HOUSING INSTABILITY, HOUSING SUPPORT SERVICES, AND PERMANENT-SUPPORTIVE LOW-INCOME...

HOUSING STABILITY PROGRAM: FIRST PLACE PROVIDES TRANSITIONAL HOUSING TO FAMILIES EXPERIENCING HOMELESSNESS AND HOUSING INSTABILITY, HOUSING SUPPORT SERVICES, AND PERMANENT-SUPPORTIVE LOW-INCOME HOUSING. LOW INCOME PERMANANT HOUSING: IMANI VILLAGE OWNED BY FIRST PLACE PROVIDES 16 UNITS TO THE INCOME QUALIFIED FAMILIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,347,024

Program Service Revenue $249,412

Investment Income $38,279

Other Revenue $69,923

TOTAL REVENUE $1,704,638

Expense Breakdown

Grants Paid $0

Salaries & Benefits $743,623

Fundraising Expenses $0

Program Expenses $1,612,532

Other Expenses $1,157,674

TOTAL EXPENSES $1,901,297

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,704,638	N/A	N/A
Expenses	$1,901,297	N/A	N/A
Net Income	$-196,659	$0	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$30,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TASHA WEST BAKER	BOARD MEMBER	2.00	Director	$0	$0	$0
DAWN MASON	BOARD PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRIS BAILEY	BOARD MEMBER	2.00	Director	$0	$0	$0
BAIONNE COLEMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
ANISA MASON	BOARD MEMBER	2.00	Director	$0	$0	$0
DEBRA REED	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTI SPRINGER	BOARD MEMBER	2.00	Director	$0	$0	$0
MARYAM MASON	PRESIDENT	20.00	Officer	$30,000	$0	$30,000

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	No data	No data	No data	No data
2024	$1,704,638	$1,901,297	$8,471,105	$-196,659
2023	$1,588,922	$1,662,828	$8,464,118	$-73,906
2022	$1,633,181	$1,627,073	$8,648,083	$6,108
2021	$1,516,554	$1,251,722	$8,557,395	$264,832