Grace House Inc
- Assets
- $829.8k
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 28
- Location
- Jackson, MS
- Founding
- 08/1994
- Data as of
- 12/2022
- EIN
- 64-0836580
Organization Overview
Grace House Inc is located in Jackson, MS. The organization was established in 1994. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Grace House Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace House 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, Grace House Inc generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $4.2m during the year ending 12/2022. While expenses have increased by 18.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING AND SUPPORTIVE SERVICES FOR HIV/AIDS+ PEOPLE AND TO PROVIDE EDUCATION TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPWA SERVICES WHICH INCLUDE ALL GRANTS ON THE SEFA EXCEPT THOSE TITLED CONTINUUM OF CARE HOMELESS ASSISTANCE. THREE HOPWA GRANTS PROVIDE 5 HOUSING ASSISTANCE OPTIONS, ALL WITH SUPPORTIVE SERVICES TO IMPOVERISHED AND/OR HOMELESS INDIVIDUALS AND FAMILIES LIVING WITH HIV. THE HOPWA PROGRAMS ASSISTED 556 PERSONS IN FY 2022.
UMMC/ASSC- THIS IS A PARTNERSHIP BETWEEN GRACE HOUSE AND UMC ALLOWING US TO PROVIDE RENT, UTILITY, AND OTHER ASSISTANCE AS NEEDED TO IMPROVE HEALTH OUTCOMES FOR PERSONS LIVING WITH HIV. GRACE HOUSE ASSISTED 225 HOUSEHOLDS THROUGH THIS PARTNERSHIP IN FY 2022.
CONTINUUM OF CARE HOMELESS ASSISTANCE GRANTS OUTCOMES: COC PROVIDES PERMANENT HOUSING AND SUPPORTIVE SERVICES FOR HOMELESS AND CHRONICALLY HOMELESS INDIVIDUALS AND FAMILIES LIVING WITH DISABLING CONDITIONS. GRACE HOUSE PROVIDES THIS HOUSING TO WOMEN IN RECOVERY FOR ADDICTION AND MEN, WOMEN, AND FAMILIES LIVING WITH HIV. DURING 2022, GRACE HOUSE SERVED 84 INDIVIDUALS AND ADDITIONAL 31 FAMILY MEMBERS.
ESGCV: FUNDS WERE GIVEN TO GRACE HOUSE TO PROVIDE EMERGENCY HOUSING AND RENTAL ASSISTANCE TO HOUSE AND PREVENT HOMELESSNESS FOR PERSONS IMPACTED BY COVID-19. THESE FUNDS WILL SERVE THE CLIENTS OF GRACE HOUSE UNTIL SEPTEMBER 2023, WHEN THE FEDERAL PROGRAM ENDS. IN 2022 GRACE HOUSE ASSISTED 502 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Box Vice President | OfficerTrustee | 1 | $0 |
Pamela Helms President | OfficerTrustee | 1 | $0 |
Ashley Pitts Secretary | OfficerTrustee | 1 | $0 |
Robert C Shivers Treasurer | OfficerTrustee | 1 | $0 |
Jay Barnhart Board Member | Trustee | 1 | $0 |
Jason Mccarty Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Highland Hills Apartments Rental Space | 12/30/21 | $124,330 |
Bellevue Place Properties Llc Rental Space | 12/30/21 | $108,637 |
Kbs Moss Creek Llc Rental Space | 12/30/21 | $102,735 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,082,094 |
| All other contributions, gifts, grants, and similar amounts not included above | $133,453 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,215,547 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,851 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,252,398 |
| 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. | $75,462 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $887,543 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $176,443 |
| Payroll taxes | $79,221 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,882 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $585 |
| Advertising and promotion | $0 |
| Office expenses | $37,092 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $29,103 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,123 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,783 |
| Insurance | $28,430 |
| All other expenses | $139,532 |
| Total functional expenses | $4,215,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,885 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $303,678 |
| Accounts receivable, net | $5 |
| 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 | $484,205 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $829,773 |
| Accounts payable and accrued expenses | $51,377 |
| 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 | $79,348 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $130,725 |
| Net assets without donor restrictions | $607,436 |
| Net assets with donor restrictions | $91,612 |
| 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 | $829,773 |