Project Plase Inc
- Assets
- $6.6m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 76
- Location
- Baltimore, MD
- Founding
- 05/1974
- Data as of
- 06/2021
- EIN
- 23-7367331
Organization Overview
Project Plase Inc is located in Baltimore, MD. The organization was established in 1974. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Project Plase Inc employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Plase 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 06/2021, Project Plase Inc generated $9.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $8.8m during the year ending 06/2021. While expenses have increased by 6.4% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICES TO INDIVIDUALS STRIVING TO PERMANENTLY OVERCOME THEIR HOMELESSNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTIVE SERVICES FOR VETERANS FAMILIES WE PROVIDE GRANTS TO SELECTED GRANTEES WHO WILL COORDINATE OR PROVIDE SUPPORTIVE SERVICES TO VERY LOW INCOME VETERAN FAMILIES WHO ARE RESIDING IN PERMANENT HOUSING, ARE HOMELESS AND SCHEDULED TO BECOME RESIDENTS OF PERMANENT HOUSING, OR ARE SEEKING OTHER HOUSING THAT IS RESPONSIVE TO THE LOWINCOME VETERAN FAMILYS NEEDS AND PREFERENCES.
CONTINUUM OF CARE RENTAL ASSISTANCE WE RECEIVE GOVERNMENT FUNDING WHICH WE UTILIZE TO PAY RENT ON BEHALF OF OUR CLIENTS FOR APARTMENTS AND HOMES AS A PART OF OUR PERMANENT HOUSING PROGRAM TO APPROXIMATELY 100 CLIENTS.
SHELTER SERVICES WE OWN AND RENT PERMANENT HOUSING APARTMENTS TO CERTAIN CLIENTS WHO QUALIFY UNDER FEDERAL GOVERNMENT PROGRAMS FOR RENTAL ASSISTANCE, BECAUSE THEY ARE PERMANENTLY DISABLED.
SINGLE ROOM OCCUPANCY WE OWN AND LEASE 10 PERMANENT SINGLE ROOM HOUSING UNITS TO CLIENTS WHO DESIRE TO SHARE PERMANENT HOUSING IN A GROUP ENVIRONMENT. OUTREACH SERVICES WE PROVIDE COUNSELING AND OTHER SERVICES TO MANY OF OUR CLIENTS WHO RESIDE IN PERMANENT HOUSING. MANY OF THESE CLIENTS HAVE PHYSICAL, MENTAL OR OTHER DISABILITIES. THIS COUNSELING HELPS ASSURE THESE CLIENTS CAN CONTINUE TO RESIDE IN PERMANENT HOUSING AND RECEIVE THE MEDICAL AND OTHER CARE THAT THEY NEED. PLASE APARTMENTS SERVING TEN PEOPLE IN ONE LOCATION. WE PROVIDE HOUSING IN THREE LOCATIONS OWNED BY PROJECT PLASE LOCATED IN BALTIMORE CITY. AT THESE SITES, WE ASSIST THE CLIENTS TO OBTAIN REHABILITATION, EMPLOYMENT, MEDICAL TREATMENT AND OTHER SERVICES TO OVERCOME THE REASONS FOR THEIR HOMELESSNESS, AND TO PREVENT ITS REOCCURANCE. FAMILY STABILITY WE PROVIDE SERVICES FOR CLIENTS TO HELP PROMOTE AND MAINTAIN FAMILY STABILITY. CELEBRATION HOUSING HOUSING SERVICES PROVIDED FOR CLIENTS THAT ARE VETERANS IN NEED OF OCCUPANCY SERVICES.
SUPPORTIVE SERVICES FOR VETERANS FAMILIES SSVF - PROGRAMS GOAL IS HOUSING STABILITY FOR VETERANS INDIVIDUALS AND THEIR FAMILIES. FOR VERY LOW-INCOME VETERANS, SSVF PROVIDES CASE MANAGEMENT AND SUPPORTIVE SURVICES TO PREVENT THE IMMINENT LOSS OF A VETERANS HOME OR IDENTIY A NEW, MORE SUITABLE HOUSING SITUATION FOR THE INDVIDUAL AND HIS OR HER FAMILY OR TO RAPIDLY RE-HOUSE VETERANS AND THEIR FAMILIES WHO ARE HOMELESS AND MIGHT REMAIN HOMELESS WITHOUT THIS ASSISTANCE. SSVF OFFERS ASSISTANCE WITH HOUSING, SECURITY, DEPOSITS, EVICTION PREVENTION, UTILITY PAYMENTS, TRANSPORTATION, CHILDCARE, EMPLOYMENT SERVICES, MOVING COSTS AND BEDDING. SSVF PARTICIPANTS RECEIVE INTENSIVE, SHORT-TERM CASE MANAGEMENT SERVICES TO ASSIST WITH SECURING EMPLOYMENT, PERMANENT HOUSING, EVICTION PREVENTION, AND UTILITIES AS NEEDED.
CONTINUUM OF CARE RENTAL ASSISTANCE - MARKET-RATE HOUSING IS MADE AVAILABLE FOR HOMELESS CITIZENS INDIVIDUALS AND FAMILIES THROUGH SUBSIDIES AND SERVICES TO ASSURE HOUSING AND OTHER STABILITY.
TEMPORARY HOUSING SHELTER SERVICES - WE PROVIDE THREE MEALS A DAY AND SUPPORT SERVICES FOR HOMELESS CITIZENS TO ACCESS MEDICAL AND BEHAVIORAL HEALTH SERVICES WITH AN EMPHASIS ON ACCESS TO LONG -TERM HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary C Slicher Executive Director | OfficerTrustee | 40 | $0 |
Charles A Philips Jr Secretary | OfficerTrustee | 6 | $0 |
Gene Severance President | OfficerTrustee | 6 | $0 |
Charles A Phillips Jr Secretary | OfficerTrustee | 6 | $0 |
Lawrence Richardson Treasurer | OfficerTrustee | 6 | $0 |
Franklin Lee Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,508,234 |
| All other contributions, gifts, grants, and similar amounts not included above | $312,097 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,820,331 |
| Total Program Service Revenue | $179,384 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,999,720 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $23,400 |
| Compensation of current officers, directors, key employees. | $4,680 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,838,596 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $251,945 |
| Payroll taxes | $332,441 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,926 |
| Fees for services: Accounting | $67,517 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $146,469 |
| Advertising and promotion | $0 |
| Office expenses | $90,304 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,463,184 |
| Travel | $56,929 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,341 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $97,599 |
| Insurance | $114,594 |
| All other expenses | $336,318 |
| Total functional expenses | $8,846,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,740,665 |
| Savings and temporary cash investments | $92,056 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $916,099 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $64,273 |
| Net Land, buildings, and equipment | $2,319,574 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,235 |
| Other assets | $1,523,340 |
| Total assets | $6,563,951 |
| Accounts payable and accrued expenses | $230,897 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $708,054 |
| Unsecured mortgages and notes payable | $641,230 |
| Other liabilities | $172,596 |
| Total liabilities | $1,752,777 |
| Net assets without donor restrictions | $3,161,412 |
| Net assets with donor restrictions | $1,649,762 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,563,951 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Project Plase Inc has recieved totaling $3,638,540.
| Awarding Organization | Amount |
|---|---|
The Harry & Jeanette Weinberg Foundation Inc Owings Mills, MD PURPOSE: TO SUPPORT THE CONSTRUCTION OF 56 PERMANENT SUPPORTIVE HOUSING APARTMENTS FOR FORMERLY HOMELESS VETERANS, AS PART OF THE BROADER BEACON HOUSE SQUARE PROJECT. | $1,500,000 |
Associated Black Charities Inc Baltimore, MD PURPOSE: RYAN WHITE | $1,001,002 |
The Harry & Jeanette Weinberg Foundation Inc Owings Mills, MD PURPOSE: TO SUPPORT THE CONSTRUCTION OF 56 PERMANENT SUPPORTIVE HOUSING APARTMENTS FOR FORMERLY HOMELESS VETERANS, AS PART OF THE BROADER BEACON HOUSE SQUARE PROJECT. | $500,000 |
Thdf Ii Inc Atlanta, GA PURPOSE: To assist local charities | $375,000 |
The Abell Foundation Inc Baltimore, MD PURPOSE: CRIMINAL JUSTICE AND ADDICTION | $100,000 |
Associated Black Charities Inc Baltimore, MD PURPOSE: COVID-19 | $92,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nht Communities Washington, DC | $154,306,300 | $20,911,703 |
1260 Housing Development Corporation Philadelphia, PA | $75,955,661 | $16,577,131 |
Housing Development Corporation Midatlantic Lancaster, PA | $24,908,226 | $11,939,671 |
Milford Housing Development Corperation Milford, DE | $34,677,401 | $10,337,525 |
Project Plase Inc Baltimore, MD | $6,563,951 | $8,999,720 |
Norris Square Community Alliance Philadelphia, PA | $13,759,138 | $8,779,038 |
Ebed Community Improvement Inc Upper Marlboro, MD | $8,136,869 | $7,675,137 |
Lewinsville Retirement Residence McLean, VA | $23,915,511 | $4,142,115 |
Patricia And Mark Joseph Shelter Foundation Inc Baltimore, MD | $50,852,875 | $6,368,087 |
Affordable Housing Opportunities Inc Washington, DC | $42,188,796 | $3,175,376 |
Terrific Inc Washington, DC | $2,887,990 | $4,125,809 |
Dc Doors Washington, DC | $1,166,069 | $3,507,124 |