Grace House Akron Inc is located in Akron, OH. The organization was established in 2017. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. As of 12/2022, Grace House Akron Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace House Akron 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 Akron Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 65.1% each year . All expenses for the organization totaled $411.5k during the year ending 12/2022. While expenses have increased by 52.3% per year over the past 4 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 CARE FOR TERMINALLY ILL INDIVIDUALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRACE HOUSE AKRON PROVIDES A CARING ENVIRONMENT FOR HOSPICE ENROLLED INDIVIDUALS AND ARE WITHOUT A CAREGIVER, AN ABLE CAREGIVER OR CANNOT AFFORD A PRIVATE CAREGIVER. CONSTRUCTION OF OUR COMFORT CARE HOME WAS COMPLETED IN JULY OF 2022. IN SEPTEMBER WE ACCEPTED OUR FIRST RESIDENT AND SERVED 20 RESIDENTS IN 2022.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Nicholas Browning Chairperson | OfficerTrustee | 5 | $0 |
Brian Emich Vice Chairperson | OfficerTrustee | 1 | $0 |
Brian Moore Secretary | OfficerTrustee | 1 | $0 |
Becky Newman Treasurer | OfficerTrustee | 1 | $0 |
Dr Steven Radwany Medical Director | Trustee | 1 | $0 |
Anne Armao Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $131,110 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $1,255,733 |
Noncash contributions included in lines 1a–1f | $6,149 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,386,843 |
Total Program Service Revenue | $0 |
Investment income | $609 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$17,933 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,369,519 |
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. | $75,000 |
Compensation of current officers, directors, key employees. | $30,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $138,561 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $24,522 |
Fees for services: Management | $0 |
Fees for services: Legal | $19,758 |
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 | $1,061 |
Advertising and promotion | $15,151 |
Office expenses | $13,689 |
Information technology | $9,507 |
Royalties | $0 |
Occupancy | $13,656 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $307 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $43,010 |
Insurance | $16,259 |
All other expenses | $4,314 |
Total functional expenses | $411,504 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $939,664 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $494,767 |
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 | $200 |
Net Land, buildings, and equipment | $2,520,909 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $3,955,540 |
Accounts payable and accrued expenses | $4,144 |
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 | $4,144 |
Net assets without donor restrictions | $3,846,396 |
Net assets with donor restrictions | $105,000 |
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 | $3,955,540 |