Home Of Grace Corporation
- Assets
- $7.9m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 42
- Location
- Vancleave, MS
- Founding
- 06/1967
- Data as of
- 06/2023
- EIN
- 64-6034485
Organization Overview
Home Of Grace Corporation is located in Vancleave, MS. The organization was established in 1967. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2023, Home Of Grace Corporation employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home Of Grace Corporation 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 06/2023, Home Of Grace Corporation generated $3.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $3.2m during the year ending 06/2023. 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
OFFER FREEDOM FROM ADDICTION THROUGH CHRIST-CENTERED RECOVERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TREATMENT FACILITY AND PROGRAM FOR REHABILITATION OF MEN AND WOMEN ADDICTED TO DRUGS AND ALCOHOL. AVERAGE OF 110 PARTICIPANTS IN PROGRAM YEAR ROUND. PROGRAM RUNS FOR 3 MONTHS AND INCLUDES WORK PROGRAM AND CHRISTIAN COUNSELING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Barton Exec. Director | OfficerTrustee | 40 | $105,000 |
Catherine Chernecky Development Chair | OfficerTrustee | 1 | $0 |
Lee Anderson Audit Chair | OfficerTrustee | 1 | $0 |
Jess Dickinson Chairman | OfficerTrustee | 1 | $0 |
Mark Vincent Vice Chairman | OfficerTrustee | 1 | $0 |
Jeff Bryan Nominating Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,706,172 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,706,172 |
| Total Program Service Revenue | $1,365,903 |
| Investment income | $8,498 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $120,733 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $195,064 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,436,460 |
| 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. | $105,000 |
| Compensation of current officers, directors, key employees. | $10,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,248,912 |
| Pension plan accruals and contributions | $61,354 |
| Other employee benefits | $230,933 |
| Payroll taxes | $130,639 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $37,936 |
| Advertising and promotion | $14,550 |
| Office expenses | $36,854 |
| Information technology | $59,354 |
| Royalties | $0 |
| Occupancy | $295,042 |
| Travel | $32,556 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $264,919 |
| Insurance | $97,611 |
| All other expenses | $214,235 |
| Total functional expenses | $3,239,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $930,844 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $9,998 |
| Accounts receivable, net | $19,556 |
| 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 | $31,224 |
| Net Land, buildings, and equipment | $6,859,412 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $300 |
| Total assets | $7,851,334 |
| Accounts payable and accrued expenses | $210,763 |
| Grants payable | $0 |
| Deferred revenue | $135,238 |
| 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 | $346,001 |
| Net assets without donor restrictions | $7,283,674 |
| Net assets with donor restrictions | $221,659 |
| 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 | $7,851,334 |