Civic Intelligence

Carpenter'S Place Inc

EIN 36-4352283 • 501(c)3 • Rockford, IL

Profile

Carpenter's place provides the tools necessary for rebuilding the lives of the homeless. Inspired by christ's compassion, we offer direction with accountability to people with broken lives, helping them find peace with god, themselves and their communities.

1149 Railroad AvenueRockford, IL 61104

www.carpentersplace.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

51st percentile

0.07x

Higher debt load relative to assets than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

57th percentile

0.12x

Higher debt load relative to revenue than 57% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

79th percentile

27%

Higher net margin than 79% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

71st percentile

14%

Faster asset growth than 71% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

69th percentile

20%

Faster revenue growth than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$4,208,464

Down $78,727 (-1.8%) from 2023

Liabilities

Down

$153,714

Down $78,640 (-34%) from 2023

Net Assets

Down

$4,054,750

Down $87 (-0.0%) from 2023

Revenue

Up

$2,459,563

Up $377,747 (+18%) from 2023

Expenses

Up

$2,610,848

Up $156,392 (+6.4%) from 2023

Net Income

Up

-$151,285

Up $221,355 (+59%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $528,638Liabilities 2011: $58,374Net Assets 2011: $470,2642011Assets 2012: $616,311Liabilities 2012: $62,662Net Assets 2012: $553,6492012Assets 2013: $747,835Liabilities 2013: $82,287Net Assets 2013: $665,5482013Assets 2014: $827,652Liabilities 2014: $171,610Net Assets 2014: $656,0422014Assets 2015: $871,647Liabilities 2015: $117,708Net Assets 2015: $753,9392015Assets 2016: $951,584Liabilities 2016: $65,605Net Assets 2016: $885,9792016Assets 2017: $1,179,447Liabilities 2017: $69,315Net Assets 2017: $1,110,1322017Assets 2018: $1,608,251Liabilities 2018: $108,553Net Assets 2018: $1,499,6982018Assets 2019: $1,800,060Liabilities 2019: $73,858Net Assets 2019: $1,726,2022019Assets 2020: $3,039,070Liabilities 2020: $247,462Net Assets 2020: $2,791,6082020Assets 2021: $4,067,248Liabilities 2021: $353,587Net Assets 2021: $3,713,6612021Assets 2022: $4,626,240Liabilities 2022: $326,878Net Assets 2022: $4,299,3622022Assets 2023: $4,287,191Liabilities 2023: $232,354Net Assets 2023: $4,054,8372023Assets 2024: $4,208,464Liabilities 2024: $153,714Net Assets 2024: $4,054,7502024

Highlighted filing

2024

Assets$4,208,464
Liabilities$153,714
Net Assets$4,054,750

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,190,1412011Expenses 2012: $1,220,2722012Expenses 2013: $1,423,7072013Revenue 2014: $1,458,146Expenses 2014: $1,467,652Net Income 2014: -$9,5062014Revenue 2015: $1,675,674Expenses 2015: $1,577,777Net Income 2015: $97,8972015Revenue 2016: $1,623,771Expenses 2016: $1,491,731Net Income 2016: $132,0402016Revenue 2017: $1,549,094Expenses 2017: $1,324,941Net Income 2017: $224,1532017Revenue 2018: $2,026,242Expenses 2018: $1,636,676Net Income 2018: $389,5662018Revenue 2019: $1,721,526Expenses 2019: $1,495,022Net Income 2019: $226,5042019Revenue 2020: $2,671,024Expenses 2020: $1,605,565Net Income 2020: $1,065,4592020Revenue 2021: $2,271,256Expenses 2021: $1,662,322Net Income 2021: $608,9342021Revenue 2022: $2,727,145Expenses 2022: $1,997,463Net Income 2022: $729,6822022Revenue 2023: $2,081,816Expenses 2023: $2,454,456Net Income 2023: -$372,6402023Revenue 2024: $2,459,563Expenses 2024: $2,610,848Net Income 2024: -$151,2852024

Highlighted filing

2024

Revenue$2,459,563
Expenses$2,610,848
Net Income-$151,285

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.21$0.15$4.05$2.46$2.61$0.15
2023Detailed filing. Detailed filing data is available for this year.$4.29$0.23$4.05$2.08$2.45$0.37
2022Detailed filing. Detailed filing data is available for this year.$4.63$0.33$4.30$2.73$2.00$0.73
2021Detailed filing. Detailed filing data is available for this year.$4.07$0.35$3.71$2.27$1.66$0.61
2020Detailed filing. Detailed filing data is available for this year.$3.04$0.25$2.79$2.67$1.61$1.07
2019Detailed filing. Detailed filing data is available for this year.$1.80$0.07$1.73$1.72$1.50$0.23
2018Detailed filing. Detailed filing data is available for this year.$1.61$0.11$1.50$2.03$1.64$0.39
2017Detailed filing. Detailed filing data is available for this year.$1.18$0.07$1.11$1.55$1.32$0.22
2016Detailed filing. Detailed filing data is available for this year.$0.95$0.07$0.89$1.62$1.49$0.13
2015Detailed filing. Detailed filing data is available for this year.$0.87$0.12$0.75$1.68$1.58$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.83$0.17$0.66$1.46$1.47$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.08$0.67$1.42
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.06$0.55$1.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.06$0.47$1.19
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 20, 2025
Return Version
2023v6.0
Gross Receipts
$3,072,496
Mission and Program Overview

Mission

Carpenter's place provides the tools necessary for rebuilding the lives of the homeless. Inspired by christ's compassion, we offer direction with accountability to people with broken lives, helping them find peace with god, themselves and their communities.

Carpenter's place provides the tools necessary for rebuilding the lives of the homeless

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,500,403$1,591,449▲ $91,046
Land, Buildings, and Equipment, Net$1,666,249$1,581,786▼ $84,463
Cash and Non-Interest-Bearing Accounts$239,732$575,172▲ $335,440
Savings and Temporary Cash Investments$312,225$216,173▼ $96,052
Inventories for Sale or Use$65,021$108,249▲ $43,228
Pledges and Grants Receivable$426,354$87,655▼ $338,699
Prepaid Expenses and Deferred Charges$33,060$31,381▼ $1,679
Intangible Assets$44,147$16,599▼ $27,548
Total Assets$4,287,191$4,208,464▼ $78,727
Liabilities
Accounts Payable and Accrued Expenses$154,725$117,017▼ $37,708
Deferred Revenue$33,378$19,952▼ $13,426
Other Liabilities$44,251$16,745▼ $27,506
Total Liabilities$232,354$153,714▼ $78,640
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,699,925$2,620,899▼ $79,026
Net Assets With Donor Restrictions$1,354,912$1,433,851▲ $78,939
Total Net Assets Fund Balance$4,054,837$4,054,750▼ $87
Total Liabilities and Net Assets / Fund Balance$4,287,191$4,208,464▼ $78,727

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$744,890$160,323$905,213
Buildings$668,376$172,871$841,247
Equipment$135,305$163,857$299,162
Land$33,215-$33,215

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$1,500,403-▲ $140,722-$1,591,449
2022$1,379,932-▲ $120,471-$1,500,403
2021$1,582,402-▼ $154,931-$1,379,932
2020$1,275,774-▲ $306,628-$1,582,402
2019$603,120$750,000▲ $21,956$99,302$1,275,774
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MIKE O'CONNORExecutive DiFT$125,000$10,094$135,094

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Staff Management INCPayroll & Hr5919 SPRING CREEK ROAD, Rockford, IL 61114-6447$1,603,154
Revenue and Support

Revenue Composition

Contributions and Grants
$2,114,015
Program Service Revenue
$70,747
Investment Income
$4,009
Other Revenue
$270,792
All Other Contributions
$1,677,190
Change in Net Assets
$-151,285

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Clothing and Household Goods-$729,974Fair Market Value (FMV)
Food Inventory272$38,416Fair Market Value (FMV)
Other Non Cash Contri Table133$29,830Fair Market Value (FMV)
Total Noncash Contributions405$798,220-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,449,087
Revenue Not Reported on Financial Statements
$10,476
Revenue Not Reported on Form 990
$151,198
Total Revenue per Audited Statements
$2,600,285
Total Revenue per Form 990
$2,459,563
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,649,738
Other Expenses$635,867
Grants and Similar Amounts Paid$325,243
Total Fundraising Expense$92,011
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$816,993$309,834$50,808$1,177,635
Grants to Domestic Individuals$325,243--$325,243
Other Employee Benefits$117,161$44,431$7,285$168,877
Payroll Taxes$116,350$44,124$7,235$167,709
Occupancy$136,874$7,492$2,498$146,864
Current Officers, Directors, Trustees, and Key Employees$94,016$35,654$5,847$135,517
Depreciation Depletion$90,394$1,765$5,295$97,454
Fees for Services Other$61,506$16,994$945$79,445
Advertising$26,530$6,573$2,912$36,015
Fees for Services Accounting-$34,993-$34,993
All Other Expenses$13,395$9,722$5,669$28,786
Information Technology$21,494$1,234$411$23,139
Other Expenses$32,370$14,053$25$14,053
Fees for Service Investment Mgmnt Fees-$10,476-$10,476
Travel$8,906$402$20$9,328
Office Expenses$399$4,629$3,051$8,079
Total Functional Expenses$1,968,306$550,531$92,011$2,610,848

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,610,848
Expenses per Audited Statements$2,600,372
Total Expenses per Audited Statements$2,600,372
Expenses Not Reported on Financial Statements$10,476
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$108,200
Fundraising Direct Expenses$15,655
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Celebrate Succe$112,297$105,976$15,655$90,321
Total Events$112,297$105,976$15,655$90,321
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$16,745
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Staff management, a professional employer organization or peo, assists the agency with its human resource functions, provides health insurance administration and payroll services including filing all payroll tax returns on behalf of the organization. However, the organization remains in control of management duties such as decisions about personnel hiring and firing.

Form 990, Page 6, Part VI, Line 11B

Agency policy mandates the finance and audit committee of carpenter's place review the form 990 with its certified public accountants at the same meeting that it reviews the draft of the annual report with its cpas, or such other meeting as appropriate. After acceptance by the finance & audit committee, an electronic copy shall be sent to each board member at least 3 days prior to the next board of directors meeting for their review. At the board meeting, the form 990 shall be presented by the board treasurer and question from the board members shall be addressed, after which a motion shall be entered, seconded and voted upon to accept form 990 as presented, or as revised as may be required. Upon final board approval, form 990 shall be signed the board president, vice president, secretary, treasurer or the executive director, as appropriate.

Form 990, Page 6, Part VI, Line 12C

Directors, officers, committee members, volunteers, and leased employees are required to annually disclose in writing (per the code of conduct policy) any conflicts of interest or any situation that could rise to a conflict of interest. The policy is strictly enforced the board president, executive committee and executive director. The code of conduct is a requirement of the u.s. Department of housing and urban development (h.u.d.) for all federally funded grantees and sub-grantees. To meet h.u.d. Requirements, the code of conduct must include additional policies concerning the proper use of agency property, employment practices, etc.

Form 990, Page 6, Part VI, Line 15A

Staff management, a professional employer organization or peo, assists the agency with its human resource functions. This includes reviewing compensation on both an internal and external basis. Further, information is gathered on local non-profits of similar size by the agency utilizing guidestar and other websites. Compensation is reviewed annually as a part of the budgeting process. The budget process includes input and review by both the executive and the finance committees of the board of directors. The full board of directors approves the annual budget.

Form 990, Page 6, Part VI, Line 15B

Staff management, a professional employer organization or peo, assists the agency with its human resource functions. This includes reviewing compensation on both an internal and external basis. Further, information is gathered on local non-profits of similar size by the agency utilizing guidestar and other websites. Compensation is reviewed annually as a part of the budgeting process. The budget process includes input and review by both the executive and the finance committees of the board of directors. The full board of directors approves the annual budget.

Form 990, Page 6, Part VI, Line 19

Copies of the governing documents, conflict of interest policy, and financial statements along with the 990 and application for tax exemption are provided on request, available for inspection at carpenter's place and posted on the guidestar.org and office of illinois attorney general's websites.

Filing and Contact Details

Filer

Filer Name
CARPENTER'S PLACE INC
EIN
36-4352283
Phone
8159644105
Address
1149 RAILROAD AVENUE, ROCKFORD, IL 61104

Signing Officer

Name
Alberto Carrion
Title
Executive Director
Phone
8159644105
Signed
2025-02-20

Organization Details

Principal Officer
Alberto Carrion
Formed
2000
Legal Domicile
Il
Voting Board Members
20
Independent Board Members
19
Employees
73
Volunteers
419

Preparer

Firm
Benning Group LLC
Address
6815 WEAVER RD STE 300, ROCKFORD, IL 61114-8060
Preparer
Jakob J Thompson
Phone
8153162375
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Carpenter's place provides the tools necessary for rebuilding the lives of the homeless. Inspired by christ's compassion, we offer direction with accountability to people with broken lives, helping them find peace with god, themselves and their communities.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The organization's endowment consists of funds of both donor-restricted endowment funds and funds designated by the board of the directors to function as endowments. As required by generally accepted accounting principles, net assets associated with the endowment funds, including funds designated by the board of directors to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions.

Schedule D, Page 3, Part X

The organization was incorporated as a nonprofit illinois corporation which is exempt from income taxes under section 501(c)(3) of the internal revenue code. Accordingly, no provision for income taxes has been made in the accompanying financial statements. The organization accounts for income taxes in accordance with fasb asc 740, income taxes. Fasb asc 740 provides detailed guidance for the financial statement recognition, measurement and disclosure of uncertain tax positions recognized in an enterprise's financial statements and requires an entity to recognize the financial statement impact of a tax position when it is more likely than not that the position will be sustained upon examination. The organization recorded no liabilities for uncertain tax positions or unrecognized tax benefits. The federal and state income tax returns remain open to examination by taxing authorities through their statutory periods.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20EXECUTIVE DI
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IRS990/MissionDesc0CARPENTER'S PLACE PROVIDES THE TOOLS NECESSARY FOR REBUILDING THE LIVES OF THE HOMELESS. INSPIRED BY CHRIST'S COMPASSION, WE OFFER DIRECTION WITH ACCOUNTABILITY TO PEOPLE WITH BROKEN LIVES, HELPING THEM FIND PEACE WITH GOD, THEMSELVES AND THEIR COMMUNITIES.
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IRS990/ProgSrvcAccomActy2Grp/Desc0HOUSING PROGRAM: CARPENTER'S PLACE PROVIDES HOUSING FOR 29 HOMELESS ADULTS. THE TARGET POPULATIONS FOR THIS PROGRAM INCLUDE: 3 VETERANS, 10 CHRONICALLY HOMELESS ADULTS, 4 WOMEN WITH NO ATTENDANT CHILDREN, 4 HOMELESS ADULTS WITH MENTAL ILLNESS, AND 8 MEN WHO OBTAINED NEW EMPLOYMENT, BUT HAD NOT YET BECOME SELF-SUPPORTING. EACH HOUSING PROGRAM HAS A MANAGER THAT PROVIDES OVERSIGHT AND CASE MANAGEMENT FOR PARTICIPANTS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0DAY SHELTER PROGRAM: CARPENTER'S PLACE PROVIDES A DAY SHELTER WHERE HOMELESS MEN AND WOMEN CAN ACCESS SERVICES AND BE SAFE FROM THE DANGERS OF THE STREETS AND INCLEMENT WEATHER. FOR THE FISCAL YEAR ENDING JUNE 30, 2024, AN AVERAGE OF 100 INDIVIDUALS CAME TO THE DAY SHELTER DAILY TOTALING 741 UNIQUE VISITORS AND 25,610 VISITS. IN THE SAME TIME, 26,459 MEALS WERE SERVED AND 2,253 SHOWERS WERE TAKEN.
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IRS990/PYSalariesCompEmpBnftPaidAmt01355317
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