Living Grace Homes Inc
- Assets
- $1.6m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 14
- Location
- Henderson, NV
- Founding
- 09/2009
- Data as of
- 12/2023
- EIN
- 26-3911446
Organization Overview
Living Grace Homes Inc is located in Henderson, NV. The organization was established in 2009. According to its NTEE Classification (P45) the organization is classified as: Family Services for Adolescent Parents, under the broad grouping of Human Services and related organizations. As of 12/2023, Living Grace Homes Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Living Grace Homes 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, Living Grace Homes Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.3% each year . All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 18.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING, EDUCATION, AND SOCIAL SERVICES TO MINOR, PREGNANT WOMEN IN AN EFFORT TO MEET THEIR IMMEDIATE NEEDS AND TO PREPARE THEM FOR THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIVING GRACE HOMES (LGH) IS A RESIDENTIAL FACILITY SERVING UNWED PREGNANT YOUTH BETWEEN THE AGES OF 14-24. LGH PROVIDES FOOD, CLOTHING, SHELTER, TRANSPORTATION,PARENTING SKILLS, GUIDANCE, AND EDUCATION TO MINOR, PREGNANT WOMEN, FILLING A GAP IN CURRENT GOVERNMENT AND PRIVATE NON-PROFIT SERVICES IN THE LAS VEGAS VALLEY BY PARTNERING WITH GOVERNMENT AGENCIES, THE EDUCATION COMMUNITY, AND PRIVATE NON-PROFITS. LGH PROVIDED HOUSING, EDUCATION, AND SOCIAL ASSISTANCE SERVICES TO 44 MINOR AND YOUNG ADULT PREGNANT WOMEN, AND THEIR 32 CHILDREN DURING 2023. LGH ALSO PROVIDED NON-RESIDENTIAL SERVICES TO AN ADDITIONAL 78 MINOR AND YOUNG ADULT PREGNANT WOMEN DURING 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Harvey President | OfficerTrustee | 10 | $0 |
Kathleen Larmore Secretary | OfficerTrustee | 15 | $0 |
Stacey Youngblood Treasurer | OfficerTrustee | 5 | $0 |
Virginia Knudson Director | Trustee | 5 | $0 |
Michael Hiltz Director | Trustee | 5 | $0 |
Kelly Brockman Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $65,935 |
| Related organizations | $0 |
| Government grants | $289,196 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,297,005 |
| Noncash contributions included in lines 1a–1f | $121,891 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,652,136 |
| Total Program Service Revenue | $0 |
| Investment income | $4,349 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,734 |
| Net Income from Fundraising Events | -$45,587 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,618,632 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $69,810 |
| Compensation of current officers, directors, key employees. | $6,981 |
| Compensation to disqualified persons | $509,003 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,056 |
| Payroll taxes | $38,516 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,328 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $82,000 |
| Fees for services: Investment Management | $10,362 |
| Fees for services: Other | $8,072 |
| Advertising and promotion | $0 |
| Office expenses | $122,415 |
| Information technology | $17,768 |
| Royalties | $0 |
| Occupancy | $128,279 |
| Travel | $13,029 |
| 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 | $0 |
| Insurance | $18,300 |
| All other expenses | $0 |
| Total functional expenses | $1,150,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $660,019 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $74,691 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,071 |
| Prepaid expenses and deferred charges | $17,786 |
| Net Land, buildings, and equipment | $303,918 |
| Investments—publicly traded securities | $233,902 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $306,647 |
| Total assets | $1,600,034 |
| Accounts payable and accrued expenses | $3,578 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $304,115 |
| Total liabilities | $307,693 |
| Net assets without donor restrictions | $1,292,341 |
| Net assets with donor restrictions | $0 |
| 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 | $1,600,034 |