Purpose Place
Nonprofit profile at a glance
- EIN
- 851063245
- IRS 990-EZ coverage
- 2021–2021
- Forms available
- Form 990-EZ 2021, Form 990-N 2021
- Location
- Memphis, TN, USA
- Phone
- 9015927420
- Rating confidence
- Limited
Reported finances
- Revenue
- $0
- Expenses
- $0
- Assets
- $48,235
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Charlene Bowen (President)
People named in this filing
- Charlene Bowen (President)
- Alicia Gant (Treasurer)
- Thelma Burchette (Boardmember)
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 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The main purpose of The Purpose Place is to provide temporary transitional housing for veterans or returning citizens within Shelby County and the surrounding areas. Our purpose is to give those who have served our country and those who have paid their debt to society a stable and clean environment in order to get back on their feet and become productive members of society, and not become part of the population without homes; with the right support system, and environment, we at The Purpose Place can achieve these objectives.
What it reported doing in 2021
Facility not opened yet; these are the top 3 things we plan to accomplish once operational - Provide transitional shelter for veterans and/or returning citizens - Teach fiscal responsibility and purposeful life plans - Assist in job search and placement
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 55
- Sustainability: 8
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 66.7%; rating input score 67; 1st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $12K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 7 of 9 current checks pass · 2 findings to review
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
- Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.