House Of Grace Ministries Inc
- Assets
- $251.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Danbury, CT
- Founding
- 02/1999
- Data as of
- 12/2021
- EIN
- 06-1517803
Organization Overview
House Of Grace Ministries Inc is located in Danbury, CT. The organization was established in 1999. According to its NTEE Classification (I31) the organization is classified as: Half-Way Houses for Offenders & Ex-Offenders, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. House Of Grace Ministries 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, House Of Grace Ministries Inc generated $66.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $62.1k during the year ending 12/2021. While expenses have increased by 2.4% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Soldan President | 30 | $0 | |
Michael Soldan Treasurer | 30 | $0 | |
Linda Taylor Secretary | 5 | $0 | |
Maria Russo Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,470 |
| Total Program Service Revenue | $12,100 |
| Membership dues | $0 |
| Investment income | $303 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $7,825 |
| Other Revenue | $227 |
| Total Revenue | $66,925 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $16,375 |
| Professional fees and other payments to independent contractors | $650 |
| Occupancy, rent, utilities, and maintenance | $18,756 |
| Printing, publications, postage, and shipping | $417 |
| Other expenses | $25,947 |
| Total expenses | $62,145 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $67,431 |
| Other assets | $0 |
| Total assets | $251,925 |
| Total liabilities | $143,764 |
| Net assets or fund balances | $108,161 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that House Of Grace Ministries Inc has recieved totaling $6,064.
| Awarding Organization | Amount |
|---|---|
Savings Bank Of Danbury Foundation Inc Danbury, CT PURPOSE: EXEMPT PURPOSES | $3,000 |
Savings Bank Of Danbury Foundation Inc Danbury, CT PURPOSE: EXEMPT PURPOSES | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $64 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Spiritus Christi Prison Outreach Inc Rochester, NY | $1,355,448 | $1,777,337 |
Saving Grace Ministries Inc Williamsville, NY | $4,040,442 | $1,183,154 |
Dismas House Of Massachusetts Inc Worcester, MA | $2,937,251 | $1,073,991 |
Fhm Services Inc Groton, CT | $18,425 | $898,805 |
414-418 East 119th Street Greenhope Housing Development Fund Corp New York, NY | $2,036,606 | $9,961 |
Opening Heavens Door Ministries Providence, RI | $0 | $64,061 |
Community Of Hope Inc Gales Ferry, CT | $530,027 | $136,590 |
Hour House Boston Incorporated Mattapan, MA | $0 | $5,594 |
Genesis Transitional Housing Ministries Inc Hollis, NY | $6,300 | $0 |
House Of Grace Ministries Inc Danbury, CT | $251,925 | $0 |
Boston Release Network Prides Crossing, MA | $17,700 | $0 |
Trinity Community Development Andempowerment Group Inc Jamaica, NY | -$13,755 | $6,390 |