Interseminarian - Project Place Inc
Nonprofit profile at a glance
- EIN
- 042457732
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Boston, MA, USA
- Phone
- 6175423740
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Homeless Centers
Reported finances
- Revenue
- $4,159,860
- Expenses
- $4,367,672
- Assets
- $2,969,794
- Liabilities
- $780,302
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- HEATHER WELLS (PRESIDENT)
- JOYCE LEE (VICE PRESIDENT)
- AARYN MANNING (EXECUTIVE DIRECTOR)
Highest reported compensation
- ALAN LEHMANN (DIR OF FINANCE & SOCIAL EN): $142,717 total reported compensation
- AARYN MANNING (EXECUTIVE DIRECTOR): $134,617 total reported compensation
- CHRISTIAN MIRON (DIRECTOR OF PHILANTHROPY): $124,359 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Project place promotes a community of hope and opportunity for individuals experiencing homelessness and poverty by providing the skills, education, and resources needed to obtain and sustain employment and housing.
What it reported doing in 2024
Job training and employment: the agency's social enterprises provide transitional employment to individuals in micro-business while they receive training and support to improve their future employment marketability. Participants are provided paid on the job training as well as client services between 90 and 180 days.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 100
- Accountability: 100
- Sustainability: 25
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.6%; rating input score 82
- Program expense ratio: 77.5%; rating input score 78
- Fundraising efficiency: $7.17 raised per $1 spent on fundraising; rating input score 27; 27th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -5%; rating input score 20; 20th percentile among comparable filings
- Total-asset coverage ratio: 0.68; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 0.26; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 9.2%; rating input score 33; 33rd percentile among comparable filings
Growth
- Program expense growth: 4.8% per year; rating input score 100; 38th percentile among comparable filings
- Revenue growth: 4.9% per year; rating input score 100; 41st percentile among comparable filings
- Asset growth: -5.6% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: 81.6% of revenue deployed · 77.5% of spending went to programs
- Governance: 12 of 12 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $3.4M in reported program spending
- Leadership: top reported pay $143K · 15 people listed
- Highest-paid contractors: 1 contractor listed · $171K reported
- Consistency: 32 of 32 current checks pass
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 27/100.
- High — Sustainability: Operating margin scored 20/100.
- High — Sustainability: Total-asset coverage ratio scored 25/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Officer compensation ratio scored 33/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.