Grace Centers Of Hope
- Assets
- $10.7m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 174
- Location
- Pontiac, MI
- Founding
- 05/1946
- Data as of
- 10/2023
- EIN
- 38-6094602
Organization Overview
Grace Centers Of Hope is located in Pontiac, MI. The organization was established in 1946. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 10/2023, Grace Centers Of Hope employed 174 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Centers Of Hope 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 10/2023, Grace Centers Of Hope generated $10.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $11.2m during the year ending 10/2023. While expenses have increased by 6.8% 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
OUR MISSION IS TO POSITIVELY CHANGE THE LIVES OF THE HOMELESS, ADDICTED AND UNWANTED THROUGH THE GOSPEL OF JESUS CHRIST, PERSONAL ACCOUNTABILITY, LIFE SKILLS, EDUCATION, AND WORK-RELATED PROGRAMS. GRACE CENTERS OF HOPE'S MOST SIGNIFICANT ACTIVITIES INCLUDE ITS 1-YEAR LIFE SKILLS PROGRAM, 2-YEAR AFTERCARE PROGRAM, EDUCATION AND LEARNING CENTER WHERE CLIENTS GET THEIR GED AND JOB PLACEMENT COUNSELING, HANDS OF HOPE DAYCARE CENTER FOR OUR RESIDENTS WITH CHILDREN AND OUR HOME OWNERSHIP PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFE SKILLS PROGRAM: OUR LIFE SKILLS EDUCATION PROGRAM IS PART OF OUR ONE- YEAR REHABILITATION PROGRAM FOR BOTH MEN AND WOMEN. DAILY CLASSES ARE DESIGNED TO HELP REBUILD A BALANCED LIFE AND ENCOURAGE SUCCESSFUL CHOICES. CLASSES INCLUDE: SUBSTANCE ABUSE RECOVERY, CO-DEPENDENCY, SELF-DISCOVERY, RELATIONSHIPS, PARENTING, OVERCOMING AND PREVENTING ABUSE, GOAL SETTING, AND MONEY MANAGEMENT. AN IMPORTANT COMPONENT OF OUR PROGRAM IS A WORK ROUTINE THAT DEVELOPS SKILLS NECESSARY FOR THE WORKFORCE. IN THE END, OUR GOAL IS TO RETURN MEN AND WOMEN TO SOCIETY AS USEFUL, RESPONSIBLE, SELF- SUPPORTING CITIZENS OF THE COMMUNITY.
HANDS OF HOPE CHILDCARE: A SAFE AND NURTURING ENVIRONMENT FOR CHILDREN WHOSE FAMILIES ARE IN GRACE CENTERS OF HOPE'S LIFE SKILLS OR AFTER-CARE PROGRAMS. THIS STATE-LICENSED CHILDCARE FACILITY OFFERS EXCELLENCE IN EDUCATION, DEVELOPMENT, AND RECREATION FOR CHILDREN AGES NEWBORN TO 5 YEARS OLD -- ALL FREE OF CHARGE.
OTHER: RESCUED TREASURES: OPERATES THRIFT STORES THAT RECEIVE DONATED CLOTHING AND OTHER ITEMS TO PROVIDE EMPLOYMENT TO HOMELESS SHELTER RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent W Clark CEO / Board | OfficerTrustee | 40 | $173,457 |
Paul A Degrieck COO / Board | 40 | $121,066 | |
Joseph Atwell Men's Direct | 40 | $61,229 | |
Dr Christopher Passalaqua Board Member | Trustee | 1 | $19,200 |
Kevin Mckenna Board Member | Trustee | 1 | $0 |
J Paul Wagner Treasurer/se | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $113,572 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,251,829 |
| Noncash contributions included in lines 1a–1f | $3,189,265 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,365,401 |
| Total Program Service Revenue | $0 |
| Investment income | $77,692 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,350 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $98,651 |
| Net Income from Gaming Activities | -$85,100 |
| Net Income from Sales of Inventory | -$2,037 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,552,723 |
| 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. | $242,920 |
| Compensation of current officers, directors, key employees. | $44,744 |
| Compensation to disqualified persons | $345,293 |
| Other salaries and wages | $3,964,201 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $613,380 |
| Payroll taxes | $334,715 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $466 |
| Fees for services: Accounting | $43,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $307,118 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,690 |
| Advertising and promotion | $172,110 |
| Office expenses | $142,546 |
| Information technology | $58,803 |
| Royalties | $0 |
| Occupancy | $986,878 |
| Travel | $173,864 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,528 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $493,523 |
| Insurance | $93,262 |
| All other expenses | $61,140 |
| Total functional expenses | $11,174,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,058,449 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $50,000 |
| 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 | $276,223 |
| Prepaid expenses and deferred charges | $125,105 |
| Net Land, buildings, and equipment | $3,320,616 |
| Investments—publicly traded securities | $214,347 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,618,970 |
| Total assets | $10,663,710 |
| Accounts payable and accrued expenses | $488,407 |
| 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 | $1,408,815 |
| Total liabilities | $1,897,222 |
| Net assets without donor restrictions | $8,664,303 |
| Net assets with donor restrictions | $102,185 |
| 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 | $10,663,710 |