Village Place
Nonprofit profile at a glance
- EIN
- 824519199
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023, Form 990-N 2022
- Location
- Little Rock, AR, USA
- Phone
- 5013193661
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community Improvement, Capacity Building N.E.C.
Reported finances
- Revenue
- $258,183
- Expenses
- $258,201
- Assets
- $13,910
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Naomi Cottoms (Board President)
- Billy Thomas (Board Vice President)
- Billie Woods (Executive Director)
Highest reported compensation
- Billie Woods (Executive Director): $35,658 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We strive to create a supportive and inclusive community for youth in Arkansas. Our team consists of a diverse group of professionals with varying perspectives and experiences who have come together with a common goal in mind - to provide accessible resources and programs to our community. We believe in the power of collectivism to create change and every day we work together to inspire educate and act as a catalyst for the collective power of BIPOC youth to create more equitable and sustainable communities.
What it reported doing in 2024
ELL Program: The Experiential Learning Lab ELL Program is a paid internship initiative that provides opportunities for BIPOC students in Little Rock AR to explore various trades and careers. Our program partners with local businesses delivering an immersive experience that allows youth to gain insights into how a particular industry works. We offer a comprehensive curriculum which combines both classroom learning and on-the-job training giving them a unique opportunity to gain essential skills. Our program is dedicated to creating a positive impact on our students lives. Over thirty students received no-cost OSHA-10 training and access to workforce development.
Operating model
- Revenue model
- Donor-supported. 91% 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.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Assets have declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 85
- Accountability: 95
- Sustainability: 32
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.3%; rating input score 86
- Program expense ratio: 86.3%; rating input score 86
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 13th 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: 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: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 0.05; rating input score 4; 4th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 13.8%; rating input score 25; 25th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 52.4% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: -1.5% per year; rating input score 0; 19th percentile among comparable filings
Details
- Where the money goes: 86.3% of revenue deployed · 86.3% of spending went to programs
- Governance: 4 of 4 board members independent · 7 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $223K in reported program spending
- Leadership: top reported pay $36K · 6 people listed
- Consistency: 40 of 41 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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: Asset growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 39/100.
- High — Sustainability: Total-asset coverage ratio scored 4/100.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 25/100.