Providence Place Inc

Organization Overview

Providence Place Inc is located in Holyoke, MA. The organization was established in 1946. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Providence Place Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Providence Place Inc generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $4.9m during the year ending 12/2021. While expenses have increased by 2.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE INDEPENDENT LIVING RENTAL APARTMENTS TO MODERATE INCOME SENIORS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDENCE PLACE IS A MINISTRY OF THE SISTERS OF PROVIDENCE MINISTRY CORPORATION MANAGED BY TRINITY SENIOR SERVICES MANAGEMENT. PROVIDENCE PLACE OFFERS 119 RENTAL APARTMENTS AT AFFORDABLE RATES TO MODERATE INCOME INDIVIDUALS OVER THE AGE OF 55.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$8,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$11,984
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$19,984
Total Program Service Revenue$4,261,875
Investment income $8,361
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $7,260
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,349,524

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Providence Place Inc has recieved totaling $7,500.

Awarding OrganizationAmount
Fidelity Investments Charitable Gift Fund

Boston, MA

PURPOSE: For grant recipient's exempt purposes

$7,500
View Grant Recipient Profile

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