Grace Like Rain Inc
- Assets
- $4.2m
- Revenue
- $800.9k
- Investments
- $0.0
- Employees
- 19
- Location
- Denton, TX
- Founding
- 08/2016
- Data as of
- 12/2022
- EIN
- 81-2233677
Organization Overview
Grace Like Rain Inc is located in Denton, TX. The organization was established in 2016. 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 12/2022, Grace Like Rain Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Like Rain 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 Like Rain Inc generated $800.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $757.1k during the year ending 12/2022. While expenses have increased by 29.2% per year over the past 6 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
GRACE LIKE RAIN'S MISSION IS TO TRANSFORM LIVES BY PROVIDING RESOURCES, RELATIONSHIPS AND COMMUNITY WITH THE LOVE OF JESUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STREET OUTREACH ASSIST CLIENTS IN OBTAINING IDENTIFICATION NECESSARY TO HELP THEM GET ASSISTANCE, A PLACE TO LIVE, JOBS, ETC. PROVIDE COUNSELING, ADDICTION RECOVERY AND OTHER MEDICAL NECESSITIES TO HELP CLIENTS TO A PATH OF GREATER STABILITY.HOUSING READINESS PROCURE EMERGENCY SHELTER FOR INDIVIDUALS AND FAMILIES WHO ARE HOMELESS OR ON THE VERGE OF HOMELESSNESS. PROVIDE COUNSELING, JOB TRAINING, AND A PATH TO LONGER TERM LIVING ARRANGEMENTS.RISE WITH GRACE PROGRAM A 24 MONTH PROGRAM TO ASSIST FAMILIES ACHIEVE JOB AND HOUSING STABILITY, INCLUDING JOB SEARCH ASSISTANCE, TRANSPORTATION RESOURCES, CHILD CARE, COUNSELING AND LIFE SKILLS CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elissa Polley Cpo | Officer | 40 | $12,808 |
Michelle Conner CEO | Officer | 40 | $10,577 |
Gayle Hennig Treasurer | OfficerTrustee | 2 | $0 |
Kara Kirkley Imm Past Pres | OfficerTrustee | 2 | $0 |
Matt Farris Director | Trustee | 2 | $0 |
Paul Staudacher President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $89,795 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $729,393 |
| Noncash contributions included in lines 1a–1f | $3,539 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $819,188 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$18,331 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $800,857 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $99,289 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $23,385 |
| Compensation of current officers, directors, key employees. | $10,523 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $286,425 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,033 |
| Payroll taxes | $21,620 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,274 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $41,450 |
| Office expenses | $40,179 |
| Information technology | $24,098 |
| Royalties | $0 |
| Occupancy | $182,309 |
| Travel | $0 |
| 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 | $6,071 |
| All other expenses | $0 |
| Total functional expenses | $757,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,958 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $40,419 |
| Accounts receivable, net | $36,007 |
| 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 | $7,167 |
| Net Land, buildings, and equipment | $3,808,600 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $171,311 |
| Total assets | $4,228,462 |
| Accounts payable and accrued expenses | $19,942 |
| Grants payable | $0 |
| Deferred revenue | $219,472 |
| 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 | $76,825 |
| Other liabilities | $75,853 |
| Total liabilities | $392,092 |
| Net assets without donor restrictions | $3,808,854 |
| Net assets with donor restrictions | $27,516 |
| 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 | $4,228,462 |