Overview
What is The Providence Place Inc?
The Providence Place Inc, based in Grafton, Wisconsin, is a nonprofit organization established with the intention of reflecting Christian values. It offers housing for senior citizens aged 55 and above, providing them with a safe, inviting, and carefree living environment since December 2010. The organization expanded in January 2018, introducing larger two-bedroom units. The Providence Place's mission is to cater to the needs of independent seniors, ensuring their operational expenses and marketing efforts are well-managed. With a dedicated workforce of three individuals, the organization continues to serve its community and its residents.
Official website here: www.theprovidenceplace.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Providence Place Inc has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 66%. This rating indicates areas of concern regarding the nonprofit's accountability and financial health. While the organization demonstrates a strong commitment to governance with 100% of its board members being independent, several other financial metrics significantly detract from its overall performance.
Strengths of The Providence Place Inc include its high program expense ratio of 81.48%, suggesting that a substantial portion of its expenses directly supports its mission. Additionally, the organization has established comprehensive policies regarding conflict of interest, whistleblower protections, and document retention, indicating a commitment to ethical governance practices.
However, limitations are evident in the financial statements, where the organization received no points, highlighting a lack of transparency. Moreover, the liabilities to assets ratio is concerning at 178.51%, which could signal potential financial instability. These factors collectively contribute to the nonprofit's "Needs Improvement" status, and stakeholders may want to consider these aspects when evaluating their support.
This AI summary has been generated from information found on Charity Navigator.
Is The Providence Place Inc legitimate?
The Providence Place Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Providence Place 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $91,493
For more financial information, click here
Official website here: www.theprovidenceplace.org
What is the mission statement of The Providence Place Inc?
The Providence Place Inc was established with a mission to reflect the love of Christ. This is accomplished by providing an inviting, carefree, and secure living environment for independent seniors, aged 55 and above. The organization's primary goal is to offer a Christian living space where these seniors can reside with peace and independence. The Providence Place Inc began accepting residents on December 1, 2010, and later expanded its facilities in January 2018, introducing larger 2-bedroom units. The mission of this organization continues to be centered around providing a comfortable and secure home for senior citizens, allowing them to live independently with the support of a Christian community.
Official website here: www.theprovidenceplace.org
Who is the CEO of The Providence Place Inc?
Susan Putterman is the Secretary of The Providence Place Inc.
Official website here: www.theprovidenceplace.org
What is the revenue of The Providence Place Inc?
The Providence Place Inc's revenue in 2022 was $586,596.
Official website here: www.theprovidenceplace.org
Who are the executives of The Providence Place Inc and what are their salaries?
The average compensation at The Providence Place Inc during 2022 was $30,498. There are 3 employees and 40 volunteers at The Providence Place Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.theprovidenceplace.org
Where can I find the form 990 for The Providence Place Inc?
The Providence Place Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theprovidenceplace.org
Learn more at the official website: www.theprovidenceplace.org
Mission Statement of The Providence Place Inc
The Providence Place Inc, a nonprofit organization, was established with the mission to reflect the love of Christ. They strive to provide an inviting, carefree, and secure home for independent seniors, aged 55 and above. This Christian living environment offers seniors a place to reside with peace of mind, fostering a sense of community and support. In 2010, the organization began welcoming residents, and in January 2018, they expanded their offerings by introducing larger two-bedroom units, which are now part of their services. The Providence Place Inc's mission is centered around providing a nurturing and secure environment for seniors, allowing them to maintain their independence while embracing a community that shares their values.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Providence Place Inc provides an inviting, carefree, and secure home for independent seniors aged 55 and older in a Christian living environment. Established with the mission to reflect the love of Christ, this organization offers housing to seniors seeking a supportive community. Their impact lies in providing a comfortable and nurturing environment for seniors to live independently and enjoy a fulfilling quality of life.
This information is meant to be a general summary of The Providence Place 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 2022.
- Investment Income: $300
- Program Service Revenue: $576,051
- Gross Receipts: $586,596
Assets and Liabilities:
- Total Assets: $6,700,561
- Total Liabilities: $11,860,720
- Net Assets: -$5,160,159
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE INCOME
Revenue
$543,674
RETAINED DEPOSIT
Revenue
$26,000
PROGRAM SERVICE INCOME
Revenue
$3,503
FACILITY FEE
Revenue
$2,874
Organization Details
Founding Year
2009
Phone
(262) 377-9900Principal Officer
Susan Putterman
Main Address
815 WASHINGTON ST, GRAFTON, WI, 53024
Website
www.theprovidenceplace.orgNTEE Category
Code: L22 - Housing
If you are a representative of The Providence Place Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.