M F Place Inc

Nonprofit profile at a glance

EIN
954834034
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Hollywood, CA, USA
Phone
3239080011
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Homeless Shelters

Official website

Reported finances

Revenue
$5,781,405
Expenses
$3,837,132
Assets
$15,589,670
Liabilities
$482,479

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

25 people listed

Executive titles in this filing

  • DAVID JARRETT (CO-PRESIDENT)
  • DAVID STONE (CO-PRESIDENT)
  • HEATHER CARMICHAEL (EXECUTIVE DIRECTOR)

Highest reported compensation

  • HEATHER CARMICHAEL (EXECUTIVE DIRECTOR): $142,723 total reported compensation
  • ERIN CASEY (DIRECTOR OF PROGRAMS): $126,525 total reported compensation
  • SUSAN DUTRA (DIRECTOR OF DEVELOPMENT): $126,336 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization's mission is to cultivate growth and opportunities for young people impacted by homelessness envisioning a los angeles community that effectively prevents and responds to youth and young adult homelessness and ensures the physical, mental, social and economic well-being of all young people.

What it reported doing in 2024

The housing and wellness program provides youth with developmentally and culturally appropriate health and mental health services, supporting the goal of young people's pursuits of establishing safety, connecting with community, cultivating wellness and engaging in growth and opportunities supporting their long term stability and wellness. Master level clinical social workers conduct assessments and counseling to address issues such as mental health distress and emotional regulation, substance use, and interpersonal violence. Using a clinical social work approach, in addition to supporting a young person's immediate well-being, the social workers also provided the necessary advocacy and assistance with securing identification documents and public benefits to ensure a young person's engagement with the regional housing support system. Additionally, the triage case managers engage in case management, crisis intervention, animal companion support, personal identity document acquisition and support to access legal services. Impact highlights include: one of every two young persons enrolled in case management with 210 youth accessing mental health support. As a housing access center, our services are pivotal support for youth engaging in the coordinated engagement system. Four hundred and fifty two young people engaged in housing support. Working in the community context of too few housing opportunities for young people, we successfully supported and advocated for 157 young people who secured emergency housing and 50 who secured long term housing.

Operating model

Revenue model
Donor-supported. 89% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 76
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 58.5%; rating input score 58
  • Program expense ratio: 83.6%; rating input score 84
  • Fundraising efficiency: $15.61 raised per $1 spent on fundraising; rating input score 52; 52nd 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: Limited
  • 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: 8 of 8 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: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 33.6%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 4.06; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 10.3%; rating input score 29; 29th percentile among comparable filings

Growth

  • Program expense growth: 8% per year; rating input score 100; 56th percentile among comparable filings
  • Revenue growth: 13.1% per year; rating input score 100; 77th percentile among comparable filings
  • Asset growth: 18.1% per year; rating input score 100; 81st percentile among comparable filings

Details

  • Where the money goes: 58.5% of revenue deployed · 83.6% of spending went to programs
  • Governance: 22 of 22 board members independent · 8 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $3.2M in reported program spending
  • Leadership: top reported pay $143K · 25 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 11 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 58/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 52/100.
  • High — Sustainability: Officer compensation ratio scored 29/100.