Overview
What is Place Of Promise Inc?
Place of Promise Inc, situated in Lowell, Massachusetts, is a nonprofit organization dedicated to providing a supportive living environment and integrated services. Their mission is to empower individuals to achieve their full potential, encompassing both physical and mental well-being, as well as spiritual growth. They serve a diverse range of individuals, including 94 adults in addiction recovery, 55 children in summer and afterschool programs, and a few in spiritual mentoring and systems advocacy training. Furthermore, they extend their reach to the local community through neighborhood outreach Bible studies, offering assistance to approximately 525 individuals during neighborhood block parties. Place of Promise Inc also relies on an estimated 115 volunteers to help those in need, with 30 regularly integrating into their program services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
Place Of Promise Inc has received a rating of 73%, indicating a fair level of performance in accountability and finance. The organization demonstrates strengths in governance, featuring a fully independent board and no material diversion of assets. Additionally, it has a solid program expense ratio, directing a significant portion of its budget to programs.
However, the charity faces notable limitations, particularly in its lack of specific policies. The absence of a conflict of interest policy, whistleblower policy, and a document retention and destruction policy has negatively impacted its overall score. Furthermore, the charity does not have its tax form available on its website, which is considered a best practice for transparency.
While Place Of Promise Inc has strong financial management indicators, addressing these governance policy gaps could enhance its accountability and trustworthiness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Place Of Promise Inc legitimate?
Place Of Promise Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Place Of Promise Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $15,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $205,211
For more financial information, click here
What is the mission statement of Place Of Promise Inc?
Place of Promise Inc's mission is centered around providing a residence and integrated supportive services within a community, aiming to help each individual realize their maximum potential, encompassing physical, mental, and spiritual aspects. The organization's primary objective is to offer a supportive living environment that fosters personal growth and development. Through its programs, Place of Promise serves various individuals, including those in adult residential addiction recovery, children in summer and afterschool programs, and individuals seeking spiritual mentoring and systems advocacy training. Additionally, the organization extends its reach through neighborhood outreach Bible studies and neighborhood block parties, engaging an estimated 525 individuals. Furthermore, Place of Promise encourages volunteer involvement, providing approximately 115 volunteers with the means to offer assistance and services to those in need, with 30 of these volunteers regularly integrated into the program services.
Who is the CEO of Place Of Promise Inc?
Jeffry Kiel is the Director of Place Of Promise Inc.
What is the revenue of Place Of Promise Inc?
Place Of Promise Inc's revenue in 2023 was $494,800.
Who are the executives of Place Of Promise Inc and what are their salaries?
The average compensation at Place Of Promise Inc during 2023 was $18,372. There are 12 employees and 115 volunteers at Place Of Promise Inc.
Here are 6 key members and their salaries:
- Compensation: $15,250
- Related: $0
- Other: $0
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Place Of Promise Inc?
Place Of Promise Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Place Of Promise Inc
Place of Promise Inc is committed to providing a residence and integrated supportive services within the community, aiming to help each individual realize their maximum potential in terms of physical, mental, and spiritual well-being. This nonprofit organization's mission is to offer a living space along with comprehensive support services to foster personal growth and development. By doing so, Place of Promise Inc strives to empower individuals to overcome challenges and lead fulfilling lives.
The core activities of Place of Promise Inc include serving individuals through various programs. These programs cater to different age groups, such as adults seeking addiction recovery, children participating in summer and afterschool activities, and individuals seeking spiritual mentoring and systems advocacy training. The organization also engages in neighborhood outreach, conducting Bible studies and hosting block parties to connect with the community. Furthermore, Place of Promise Inc provides an opportunity for volunteers to offer assistance and services to those in need. Through its efforts, the nonprofit has managed to engage approximately 115 volunteers, with 30 of them regularly integrating into the program services provided.
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Impact
July, 2024
Place Of Promise Inc has made a significant impact by providing a residence and integrated supportive services within the community to help individuals realize their maximum potential - physically, mentally, and spiritually. They have served 147 individuals in core programs, including 94 in adult residential addiction recovery, 55 in Kids of Promise summer and afterschool programs, and 3 in spiritual mentoring and systems advocacy training. Additionally, they have served 35 individuals in neighborhood outreach Bible studies, approximately 525 individuals in neighborhood block parties, and provided an estimated 115 volunteers with the means to assist and serve those in need. This organization has truly made a difference in the lives of many individuals in the Lowell, MA community.
This information is meant to be a general summary of Place Of Promise Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,865
- Program Service Revenue: $62,439
- Gross Receipts: $494,800
Assets and Liabilities:
- Total Assets: $1,606,411
- Total Liabilities: $14,120
- Net Assets: $1,592,291
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL PROGRAM FEES
Revenue
$62,439
Organization Details
Founding Year
1994
Phone
(978) 452-7217Principal Officer
Jeffry Kiel
Main Address
POST OFFICE BOX 1132, LOWELL, MA, 01853
NTEE Category
Code: X20Z - Religion related
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