Grace Manor Ministries
- Assets
- $590.6k
- Revenue
- $205.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Richfield, MN
- Founding
- 10/1943
- Data as of
- 12/2022
- EIN
- 41-0722519
Organization Overview
Grace Manor Ministries is located in Richfield, MN. The organization was established in 1943. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Manor Ministries 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 Manor Ministries generated $205.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $308.2k during the year ending 12/2022. 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
PROVIDE AND SUPPORT CHARITABLE CHRISTIAN SERVICES INCLUDING PROVIDING FACILITIES AND SUPPORT FOR 53-BED WOMENS DRUG TREATMENT PROGRAM, MANAGEMENT OF RESOURCES AND FINANCIAL SUPPORT TO OTHER NON-PROFIT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AND SUPPORT CHARITABLE CHRISTIAN SERVICE INCLUDING PROVIDING FACILITIES AND SUPPORT FOR 53-BED WOMENS DRUG TREATMENT ROGRAM, MANAGEMENT OF RESOURCES AND FINANCIAL SUPPORT TO OTHER NON-PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Aadland Board Member | Trustee | 0.5 | $0 |
Kathryn Birch Board Member | Trustee | 0.5 | $0 |
Christine Becker Secretary | OfficerTrustee | 0.5 | $0 |
Stephanie Mussetter Treasurer | OfficerTrustee | 2 | $0 |
Timothy Mccarthy Board Member | Trustee | 0.5 | $0 |
Cheryl Stinski Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $151 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $651 |
| Total Program Service Revenue | $277,260 |
| Investment income | $5,762 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,049 |
| Net Gain/Loss on Asset Sales | -$86,276 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $205,446 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $4,377 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $795 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $175 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $989 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $245 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,686 |
| Insurance | $898 |
| All other expenses | $0 |
| Total functional expenses | $308,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,716 |
| Savings and temporary cash investments | $11,668 |
| Pledges and grants receivable | $0 |
| 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 | $173,678 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $397,516 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $590,578 |
| Accounts payable and accrued expenses | $0 |
| 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 | $4,901 |
| Total liabilities | $4,901 |
| Net assets without donor restrictions | $585,677 |
| 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 | $590,578 |