The Place of Forsyth County Inc
Nonprofit profile at a glance
- EIN
- 582355072
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Cumming, GA, USA
- Phone
- 7708871098
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Centers to Support the Independence of Specific Populations
Reported finances
- Revenue
- $5,855,541
- Expenses
- $6,175,805
- Assets
- $6,492,142
- Liabilities
- $193,416
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- CRISTY FERENCIE (EXECUTIVE DIRECTOR)
- MIKE MAPES (President)
Highest reported compensation
- CRISTY FERENCIE (EXECUTIVE DIRECTOR): $150,947 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 place assists people of the forsyth and dawson county areas with essential needs and to be self-sustaining.
What it reported doing in 2024
Client assistance takes a holistic approach to assessing the needs of the family or household. It is used to resolve or prevent homelessness when families have a threat of or an actual eviction. These funds may also be used to assist a family with remaining in a residence, or to reconnect or connect a utility (water, gas, electric), or provide a delivery of liquid propane for heating. The objective is to effectively prevent deprivation and homelessness by providing assistance to allow the resident time to investiage solutions such as improved employment, financial literacy classes and collaboration with other resources in the community. We work closely with school social workers, forsyth county senior center and dfacs.sometimes our assitance could alleviate families who are or face living in unfit living conditions. We assist persons 60 years of age or older that present a justified need that is within our means to resolve. The target group is low income elderly residents, but any senior with a legitimate crisis need may be evaluated for assistance in certain extenuating circumstances by providing necessary household items and improvements (weatherization, wheelchair ramps, repairs, etc.).
Operating model
- Revenue model
- Donor-supported. 74% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 40% for direct work, and 60% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 91
- Transparency & Controls: 75
- Accountability: 95
- Sustainability: 38
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.1%; rating input score 98
- Program expense ratio: 92.9%; rating input score 93
- Fundraising efficiency: $15.78 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: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- 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: 7 of 8 controls in place; rating input score 88
- 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -5.5%; rating input score 19; 19th percentile among comparable filings
- Total-asset coverage ratio: 1.05; rating input score 39; 39th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 2.4%; rating input score 73; 73rd percentile among comparable filings
Growth
- Program expense growth: 12.7% per year; rating input score 100; 72nd percentile among comparable filings
- Revenue growth: 10.4% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: 9% per year; rating input score 100; 54th percentile among comparable filings
Details
- Where the money goes: 98.1% of revenue deployed · 92.9% of spending went to programs
- Governance: 14 of 14 board members independent · 7 of 8 filing controls reported
- Programs: 6 filed program accomplishments · $5.7M in reported program spending
- Leadership: top reported pay $151K · 16 people listed · 1 of 6 pay-setting controls reported
- Consistency: 33 of 33 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- 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.
- Review — Financial Efficiency: Fundraising efficiency scored 52/100.
- High — Sustainability: Operating margin scored 19/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 39/100.