Grace Medical Home Inc
- Assets
- $3.3m
- Revenue
- $6.2m
- Investments
- $250.0k
- Employees
- 50
- Location
- Orlando, FL
- Founding
- 03/2009
- Data as of
- 12/2023
- EIN
- 26-1817966
Organization Overview
Grace Medical Home Inc is located in Orlando, FL. The organization was established in 2009. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 12/2023, Grace Medical Home Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Medical Home 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 12/2023, Grace Medical Home Inc generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $6.3m during the year ending 12/2023. While expenses have increased by 7.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A MEDICAL HOME REFLECTING THE HEART OF CHRIST BY OFFERING THE HIGHEST LEVEL OF HEALTH CARE TO THOSE IN OUR COMMUNITY WHO NEED IT MOST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRACE MEDICAL HOME SERVES AS A VITAL LINK IN CENTRAL FLORIDA'S HEALTHCARE SAFETY NET SYSTEM BY PROVIDING AN EXCEPTIONAL MEDICAL PRACTICE TO SERVE THE HOLISTIC NEEDS OF THE LOW INCOME, UNINSURED OF OUR COMMUNITY. OUR PATIENTS ARE UNINSURED ADULTS AND CHILDREN IN ORANGE COUNTY WHO RESIDE AT OR BELOW 200 PERCENT OF THE FEDERAL POVERTY LEVEL (FPL). ONCE ENROLLED, PATIENTS HAVE ACCESS TO PRIMARY AND PREVENTIVE CARE, IN-HOUSE LABS, DIGITAL X-RAY, VACCINATIONS, DIABETES EDUCATION, DONATED MEDICATIONS, TREATMENT OF ACUTE AND CHRONIC ILLNESSES, AND ON-SITE MEDICAL SPECIALTIES INCLUDING CARDIOLOGY, MENTAL HEALTH COUNSELING, DENTAL, ENDOCRINOLOGY, OPHTHALMOLOGY, ORTHOPEDIC, AND MORE. WHAT DISTINGUISHES GRACE IS RECOGNITION FOR PROVIDING THIS UNPARALLELED LEVEL OF CARE AT THE LOCAL, STATE AND NATIONAL LEVEL. IN 2023, THE ORGANIZATION SERVED 1,276 UNDUPLICATED PATIENTS. THESE PATIENTS HAD MORE THAN 16,433 PATIENT ENCOUNTERS, RECEIVED MORE THAN $13,973,235 IN VALUE OF CARE, INCLUDING PRESCRIPTION MEDICATIONS OBTAINED ON BEHALF OF SPECIFIC PATIENTS OR DONATED DIRECTLY TO OUR FACILITY, AND WERE OFFERED 35 MEDICAL SPECIALTIES ON-SITE. IN THE FALL, WE LAUNCHED OUR MOBILE MEDICAL UNIT TO UNDERSERVED NEIGHBORHOODS AND HAD 163 PATIENT VISITS ON THE UNIT, ELIMINATING THE TRANSPORTATION BARRIER THAT EXISTS FOR MANY OF OUR PATIENTS. THANKS TO THE 510 VOLUNTEERS AND STAFF, WE PROVIDED 1,879 MENTAL HEALTH VISITS, 1,837 DENTAL VISITS, 372 SOCIAL SERVICE VISITS, SCREENED 922 PATIENTS FOR SPIRITUAL WELLNESS, AND DISTRIBUTED 1,843 FOOD BOXES TO FOOD-INSECURE PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Aitcheson Chair | OfficerTrustee | 4 | $0 |
Christine Stewart Governance Chair | OfficerTrustee | 4 | $0 |
Blake Hostetter Treasurer | OfficerTrustee | 4 | $0 |
Michele Tynes Napier Recording Secretary | OfficerTrustee | 2 | $0 |
Nick Mckinney Vice Chair | OfficerTrustee | 2 | $0 |
Ritsy Carpenter Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $330,981 |
| Membership dues | $0 |
| Fundraising events | $163,252 |
| Related organizations | $250,000 |
| Government grants | $509,236 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,682,703 |
| Noncash contributions included in lines 1a–1f | $1,296,959 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,936,172 |
| Total Program Service Revenue | $138,381 |
| Investment income | $40,827 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,113 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,179,049 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,364,670 |
| 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. | $465,280 |
| Compensation of current officers, directors, key employees. | $16,960 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,028,529 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $262,726 |
| Payroll taxes | $174,460 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,699 |
| Fees for services: Accounting | $205 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $32,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $124,287 |
| Advertising and promotion | $6,669 |
| Office expenses | $71,732 |
| Information technology | $56,841 |
| Royalties | $0 |
| Occupancy | $67,155 |
| Travel | $22,103 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,097 |
| Insurance | $61,404 |
| All other expenses | $14,547 |
| Total functional expenses | $6,347,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $369,801 |
| Savings and temporary cash investments | $971,371 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,648 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,237,495 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $287,160 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $250,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $139,509 |
| Total assets | $3,257,984 |
| Accounts payable and accrued expenses | $57,569 |
| Grants payable | $0 |
| Deferred revenue | $17,000 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $86,742 |
| Total liabilities | $161,311 |
| Net assets without donor restrictions | $2,885,821 |
| Net assets with donor restrictions | $210,852 |
| 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 | $3,257,984 |
Grants Awarded
Over the last fiscal year, Grace Medical Home Inc has awarded $1,359,670 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GRACE MEDICAL HOME FOUNDATION INC PURPOSE: To support the Foundation's grant-making activities on behalf of GMH. | $581,370 |
GMH PROPERTY HOLDINGS INC PURPOSE: To support the Organization's activities on behalf of GMH. | $778,300 |