Charity Search / PROVIDENCE PLACE INC
Housing & Shelter (L200) 990 on File

PROVIDENCE PLACE INC

EIN: 04-3404084 · HOLYOKE, MA 01040-4072 · United States · FY 2024 Data
3 out of 5 47 / 100 Based on 2+ years of filings
Financial strength (30%) 67/100
Reliability (20%) 55/100
Effectiveness (25%) 65/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$5.4M
Total Revenue
$5.2M
Total Expenses
$-5,745,832
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 72.5%
Fundraising Efficiency N/A
Operating Reserve -13.33x
Liability-to-Asset 175.2%
Revenue Diversification 98.3%
Executive Compensation $126K
Compared with Peers
FY 2024
Compared with 2,572 similar organizations (United States, Housing & Shelter, $1M–$10M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
72.5% 87.2%
P10P90
Bottom quarter
Admin expense ratio
Management and general / total expenses · lower is better
27.5% 10.3%
P10P90
Bottom quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
-13.3 mo 12.6 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
175.2% 39.0%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
98.3% 89.9%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
5.6% 6.4%
P10P90
Expense growth
Year over year expense growth
0.5% 6.9%
P10P90
Surplus margin
Surplus as a share of revenue
4.3% 3.0%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $5.4M $5.2M $-5,745,832 72.5% 0
2023 $5.1M $5.1M $-6,114,830 71.9% 0
2022 $4.9M $5.0M $-6,193,441 72.6% 0
2021 $4.3M $4.9M N/A — 0
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Organization Details
EIN
04-3404084
State
MA
City
HOLYOKE
ZIP
01040-4072
Classification
L200
Category
Housing & Shelter
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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