Timothy Place Nfp

Timothy Place Nfp consistently operates at a deficit, with declining assets and high liabilities.

EIN: 201835089 · Elmhurst, IL · NTEE: P75 · Updated: 2026-03-28

$23.4MRevenue

$124.3MAssets

45/100Mission Score (Fair)

P75

About Timothy Place Nfp

Timothy Place Nfp (EIN: 201835089) is a nonprofit organization based in Elmhurst, IL, classified under NTEE code P75. The organization reported total revenue of $23.4M and total assets of $124.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Timothy Place Nfp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Timothy Place Nfp consistently operates with a significant deficit, with expenses regularly exceeding revenue by a substantial margin. For example, in 2023, expenses were $26,318,903 against revenues of $22,515,252, resulting in a deficit of nearly $3.8 million. This trend is observed across all available filings, indicating a reliance on existing assets or other non-revenue funding sources to cover operational costs. The organization's assets have also shown a consistent decline over the past decade, from $162,327,656 in 2014 to $123,658,033 in 2023, while liabilities remain very high, often exceeding assets. This financial structure raises concerns about long-term sustainability.

The organization reports 0% officer compensation across all filings, which suggests either a fully volunteer-led executive team or that executive compensation is reported under other expense categories, which would impact transparency regarding leadership costs. Without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. However, the consistent operational deficits and declining asset base are significant financial indicators that warrant closer examination.

Given the consistent operational deficits and the decline in assets, Timothy Place Nfp appears to be facing ongoing financial challenges. While the lack of reported officer compensation could be seen as a positive for resource allocation, the overall financial picture suggests a need for strategic adjustments to achieve financial stability and ensure long-term viability. The high liabilities relative to assets also present a considerable financial risk.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Timothy Place Nfp with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Timothy Place Nfp allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, which is unusual for an organization of this size with over $20 million in annual revenue and over $120 million in assets, suggesting either a fully volunteer executive team or that compensation is categorized differently.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Timothy Place Nfp's IRS 990 filings:

Consistent operational deficits (e.g., $3.8M deficit in 2023)
Declining asset base over the past decade (from $162M to $123M)
Liabilities consistently exceed assets (e.g., $230M liabilities vs $123M assets in 2023)
Unusually low or 0% reported officer compensation for an organization of this size
Long-term financial sustainability concerns due to ongoing deficits and asset depletion

Strengths

The following positive indicators were identified for Timothy Place Nfp:

Consistent revenue generation over $20 million annually
Established presence with a long filing history (12 filings)

Frequently Asked Questions about Timothy Place Nfp

How does Timothy Place Nfp cover its consistent operational deficits?

The organization consistently spends more than it earns, with expenses exceeding revenue by millions annually. This suggests a reliance on drawing down existing assets or other non-revenue funding sources, which is unsustainable long-term.

Why are liabilities consistently higher than assets?

For example, in 2023, assets were $123,658,033 while liabilities were $230,595,019. This indicates a significant debt burden relative to the organization's holdings, posing a substantial financial risk.

What is the long-term financial strategy given declining assets?

The organization's assets have decreased from over $162 million in 2014 to $123 million in 2023. This consistent decline, coupled with operational deficits, raises questions about the sustainability of its financial model.

Is the 0% officer compensation accurately reflecting leadership costs?

Reporting 0% officer compensation for an organization with over $20 million in revenue is uncommon and could indicate that leadership salaries are reported under other expense categories, potentially obscuring true administrative costs.

Filing History

IRS 990 filing history for Timothy Place Nfp showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), Timothy Place Nfp's revenue has grown by 857.5%, moving from $2.4M to $22.5M. Total assets decreased by 35.5% over the same period, from $191.6M to $123.7M. Total functional expenses rose by 24.3%, from $21.2M to $26.3M. In its most recent filing year (2023), Timothy Place Nfp reported a deficit of $3.8M, with expenses exceeding revenue. The organization holds $230.6M in liabilities against $123.7M in assets (debt-to-asset ratio: 186.5%), resulting in net assets of $-106,936,986.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$22.5M	$26.3M	$123.7M	$230.6M	—	—
2022	$21.4M	$25.6M	$124.2M	$227.7M	—	View 990
2021	$21.7M	$27.1M	$129.7M	$232.4M	—	View 990
2020	$22.5M	$27.4M	$130.2M	$230.2M	—	—
2019	$20.8M	$26.9M	$135.0M	$234.1M	—	View 990
2018	$20.2M	$26.2M	$140.5M	$240.7M	—	View 990
2017	$19.5M	$27.0M	$151.5M	$243.7M	—	View 990
2016	$16.9M	$27.7M	$154.6M	$244.6M	—	View 990
2015	$15.3M	$30.1M	$158.4M	$248.1M	—	View 990
2014	$13.0M	$30.0M	$162.3M	$245.0M	—	View 990
2013	$10.2M	$27.9M	$170.2M	$235.4M	—	View 990
2012	$2.4M	$21.2M	$191.6M	$239.9M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $22.5M, expenses of $26.3M, and assets of $123.7M (revenue +5.3% year-over-year).
2022: Revenue of $21.4M, expenses of $25.6M, and assets of $124.2M (revenue -1.3% year-over-year).
2021: Revenue of $21.7M, expenses of $27.1M, and assets of $129.7M (revenue -3.7% year-over-year).
2020: Revenue of $22.5M, expenses of $27.4M, and assets of $130.2M (revenue +8.1% year-over-year).
2019: Revenue of $20.8M, expenses of $26.9M, and assets of $135.0M (revenue +3.2% year-over-year).
2018: Revenue of $20.2M, expenses of $26.2M, and assets of $140.5M (revenue +3.3% year-over-year).
2017: Revenue of $19.5M, expenses of $27.0M, and assets of $151.5M (revenue +15.7% year-over-year).
2016: Revenue of $16.9M, expenses of $27.7M, and assets of $154.6M (revenue +10.2% year-over-year).
2015: Revenue of $15.3M, expenses of $30.1M, and assets of $158.4M (revenue +18.1% year-over-year).
2014: Revenue of $13.0M, expenses of $30.0M, and assets of $162.3M (revenue +27.3% year-over-year).
2013: Revenue of $10.2M, expenses of $27.9M, and assets of $170.2M (revenue +333.0% year-over-year).
2012: Revenue of $2.4M, expenses of $21.2M, and assets of $191.6M.

Data Sources and Methodology

This transparency report for Timothy Place Nfp is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.