Grace Place Ministry Inc
- Assets
- $1.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 10
- Location
- Hendersonville, TN
- Founding
- 03/2015
- Data as of
- 12/2021
- EIN
- 47-2033381
Organization Overview
Grace Place Ministry Inc is located in Hendersonville, TN. The organization was established in 2015. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Grace Place Ministry Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Place Ministry 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, Grace Place Ministry Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.7% each year . All expenses for the organization totaled $671.1k during the year ending 12/2021. While expenses have increased by 37.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER IMPOVERISHED SINGLE MOTHERS AND THEIR CHILDREN TOWARD DEVELOPING HEALTHY, SAFE AND INDEPENDENT LIVES IN THE LOCAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHELTER,SAFETY & PHYSICAL NEEDS OF PARTICIPATING FAMLIES- THE SHELTER PROVIDES FAMILIES WITH FOOD, TOILETRIES, HOUSEHOLD SUPPLIES, AND A SAFE LIVING ENVIRONMENT UPON ENTRANCE. CURRENTLY THERE ARE 5 FAMILIES HOUSED IN THE SHELTER AT ONE TIME. THERE IS A GRADUATE PROGRAM THAT SUPPORTS 3 FAMILIES FOR AN ADDITIONAL YEAR AFTER COMPLETION OF THE PROGRAM.
MOTHER'S PROGRAM-MOTHERS PARTICIPATE IN ON-SITE EMPLOYMENT PREPARATION TO ACQUIRE FULL-TIME EMPLOYMENT AS SOON AS POSSIBLE. PARTICIPANTS ENGAGE IN INTENSIVE FINANCIAL LITERACY EDUCATION, BUDGET TRAINING, ONGOING CASE MANAGMENT, PEER AND/OR PROFESSIONAL COUNSELING, PARENTING CLASSES & ADVANCED COMPUTER TRAINING.
CHILDRENS PROGRAM- CHILDREN IN THE PROGRAM PARTICIPATE IN AFTER SCHOOL TUTORING AND PEACH(PHYSICAL AND EMOTIONAL AWARENESS FOR CHILDREN WHO ARE HOMELESS)ALONG WITH EXTRA-CURRICULAR ACTIVITIES. 100% ARE MAINTAINING STABLE EDUCATION BY ATTENDING SCHOOL AND WORKING DILLIGENTLY ON EARNING ABOVE AVERAGE GRADES.
TRANSPORTATION AND ADMINISTRATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Desneige Vancleve CEO | OfficerTrustee | 40 | $0 |
Amanda Foster Board Chairm | OfficerTrustee | 0.5 | $0 |
Melissa Rogers Board Secret | OfficerTrustee | 0.5 | $0 |
Jamie Abbott Board Treasu | OfficerTrustee | 0.5 | $0 |
Brenda Payne Board Member | Trustee | 0.5 | $0 |
Charlie Phillips Construction | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $14,885 |
| Membership dues | $0 |
| Fundraising events | $178,908 |
| Related organizations | $91,836 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $836,761 |
| Noncash contributions included in lines 1a–1f | $104,441 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,122,390 |
| Total Program Service Revenue | $0 |
| Investment income | $74,650 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $800 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,197,840 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $265,607 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,881 |
| Payroll taxes | $20,002 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,586 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $104,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,435 |
| Advertising and promotion | $0 |
| Office expenses | $61,060 |
| Information technology | $146 |
| Royalties | $0 |
| Occupancy | $19,433 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,780 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,029 |
| Insurance | $22,003 |
| All other expenses | $0 |
| Total functional expenses | $671,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $652,202 |
| Savings and temporary cash investments | $961,709 |
| Pledges and grants receivable | $11,038 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $16,786 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,641,735 |
| Accounts payable and accrued expenses | $8,285 |
| 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 | $0 |
| Total liabilities | $8,285 |
| Net assets without donor restrictions | $1,633,450 |
| 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 | $1,641,735 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Grace Place Ministry Inc has recieved totaling $45,971.
| Awarding Organization | Amount |
|---|---|
United Way Of Sumner County Gallatin, TN PURPOSE: FINANCIAL STABILITY | $13,721 |
Odom Family Foundation Phoenix, AZ PURPOSE: GENERAL SUPPORT | $10,000 |
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: FOR UNRESTRICTED USE | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $7,250 |
Christian Brothers Automotive Foundation Houston, TX PURPOSE: GEC REPRESENTATIVE DONATION - (EIN 47-2033381) - MATT RUCKS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Southern University Housing Foundation Inc Statesboro, GA | $249,175,255 | $10,373,698 |
Appalachian Student Housing Corporation Boone, NC | $99,024,525 | $6,456,684 |
Bloom Our Youth Inc Fayetteville, GA | $3,984,539 | $4,314,160 |
Serenity Pointe Inc Dunlap, TN | $2,490,170 | $4,102,577 |
Greenpointe Regional Housing Inc Dunn, NC | $10,308,542 | $2,284,690 |
Open Table Of Nashville Inc Nashville, TN | $444,222 | $1,157,501 |
Rainbow Village Inc Duluth, GA | $9,090,525 | $2,152,472 |
Sheffield Place Kansas City, MO | $4,172,612 | $2,183,282 |
Covenant Recovery Inc Pine Bluff, AR | $956,380 | $1,711,087 |
Veterans Life Center Raleigh, NC | $1,727,706 | $1,329,274 |
The Wellhouse Odenville, AL | $7,523,032 | $3,587,896 |
True Purpose Ministries Maryville, TN | $2,038,433 | $1,219,633 |