Proventus Place

Nonprofit profile at a glance

EIN
455602417
IRS 990-EZ coverage
2016–2023
Forms available
Form 990-EZ 2023, Form 990-N 2015
Location
Henderson, NV, USA
Phone
7024610002
Rating
82
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$59,305
Expenses
$66,178
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • ANGELA WASHINGTON (PRESIDENT)

People named in this filing

  • ABIGAIL FELLOWS (EXECUTIVE DI)
  • ANGELA WASHINGTON (PRESIDENT)
  • MELINDA KONYS (VICE PRESIDE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Proventus place will provide supportive services to low income individuals, families and senior citizens.

What it reported doing in 2023

Provided services for families/individuals that included activities to facilitate economic uplift and provide access to skills and resources needed for employment, job development and business development through education, job skills training, transportation, and life skills training. Provided services that are essential in allowing senior citizens to age in place with dignity by providing transportation, house cleaning, emergency food assistance with light meal preparation, and socialization.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 91% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 92
  • Transparency & Controls: 82
  • Sustainability: 16
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95.9%; rating input score 96
  • Program expense ratio: 85.9%; rating input score 86

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -11.6%; rating input score 31; 31st percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 43.3%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: 0% per year; rating input score 100; 50th percentile among comparable filings
  • Revenue growth: -0.6% per year; rating input score 0; 51st percentile among comparable filings
  • Asset growth: -9.9% per year; rating input score 0; 17th percentile among comparable filings

Details

  • Where the money goes: 95.9% of revenue deployed · 85.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $57K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 8 filing years from 2016 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 31/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.