Providence Place Inc
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- It owes more than it owns.
- Raising each dollar of donations cost 360 cents.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
THE PROVIDENCE PLACE WAS CREATED TO REFLECT THE LOVE OF CHRIST BY PROVIDING AN INVITING, CAREFREE AND SECURE HOME FOR INDEPENDENT SENIORS.
- Income
- $681,380
- Spending
- $1.1 million
- Spent on programs
- 82%
- Reserves
- -131.8 months of spending
- Largest source of income
- fees for its services, 97%
- Employees
- 3
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 15 out of 100. Higher than 0% of charities in its peer group (housing, $250k to $1m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
0 of 20It owes 194% of what it owns.
Living within its means
0 of 15Spending exceeded income by 54% of income.
Income trend
15 of 15Income rose 1% on the year before.
Spending floor
0 of 1582% of spending went to programs and raising each dollar of donations cost 360 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 80 out of 100. Higher than 48% of charities in its peer group (housing, $250k to $1m).
Independent board
25 of 256 of 6 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (2)
- $861,777 spent. PROVIDING HOUSING FOR INDEPENDENT SENIORS, 55 AND OLDER, IN A CHRISTIAN LIVING ENVIRONMENT. OUR UNITS WERE OPEN FOR RESIDENTS ON DECEMBER 1,2010. EXPENSES ARE FOR OPERATING THE FACILITY AND MARKETING REMAINING UNITS. IN JANUARY 2018, WE OPENED PHASE II, LARGER 2-BEDROOM UNITS. COSTS OF THIS EXPANSION ARE INCLUDED ON THE ASSETS OF THE BALANCE SHEET.
- PROGRAMS FOR RESIDENTS AND COMMUNITY MEMBERS: CHAPEL SERVICES, WEEKLY BIBLE STUDIES, VARIOUS LOCAL OUTINGS, CATERED MEALS FOR SPECIAL OCCASIONS, CRAFTS AND ACTIVITIES.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 2010.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.