House Of Grace Ministries Inc
- Assets
- $246.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Danbury, CT
- Founding
- 02/1999
- Data as of
- 12/2022
- 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 12/2022, House Of Grace Ministries Inc generated $61.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $62.0k during the year ending 12/2022. While expenses have increased by 2.1% per year over the past 8 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 | 35 | $0 | |
Maria Russo Director | 3 | $0 | |
Linda Taylor Secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,532 |
| Total Program Service Revenue | $14,200 |
| Membership dues | $0 |
| Investment income | $187 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,293 |
| Other Revenue | $245 |
| Total Revenue | $61,457 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $12,615 |
| Professional fees and other payments to independent contractors | $650 |
| Occupancy, rent, utilities, and maintenance | $7,164 |
| Printing, publications, postage, and shipping | $475 |
| Other expenses | $41,138 |
| Total expenses | $62,042 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $65,055 |
| Other assets | $0 |
| Total assets | $246,149 |
| Total liabilities | $139,063 |
| Net assets or fund balances | $107,086 |