The Warming Place Inc
Nonprofit profile at a glance
- EIN
- 993316074
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024
- Location
- Nantucket, MA, USA
- Phone
- 7742835867
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Homeless Shelters
Reported finances
- Revenue
- $195,143
- Expenses
- $123,442
- Assets
- $325,112
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- VINCENT DEBAGGIS (PRESIDENT)
People named in this filing
- VINCENT DEBAGGIS (PRESIDENT)
- SUZANNE MYNTTINEN (TREASURER)
- DEBORAH DUBOIS (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The warming place, inc. (the organization) provides warm and safe shelter for members of the nantucket community who are experiencing homelessness. The organization's vision extends beyond shelter, aiming to cultivate an environment of compassion and understanding, where individuals not only find refuge from the cold, but also receive the support necessary to rebuild their lives.
What it reported doing in 2024
Operate a warm and safe shelter for members of the nantucket community who are experiencing homelessness. At the same time, cultivating an environment of compassion and understanding, where individuals find refuge from the cold and supporting services.
Operating model
- Revenue model
- Donor-supported. 98% 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
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 39
- Transparency & Controls: 92
- Accountability: 82
- Sustainability: 77
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 35%; rating input score 35
- Program expense ratio: 53.5%; rating input score 53
- Fundraising efficiency: $3.68 raised per $1 spent on fundraising; rating input score 16; 16th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 36.7%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 2.63; rating input score 66; 66th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 35% of revenue deployed · 53.5% of spending went to programs
- Governance: 4 of 4 board members independent · 4 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $66K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 35/100.
- Review — Financial Efficiency: Program expense ratio scored 53/100.
- High — Financial Efficiency: Fundraising efficiency scored 16/100.
- Review — Accountability: Governance controls: 2 of 6 not reported.