Grace Home Ministries is located in Chesterfield, VA. The organization was established in 2013. According to its NTEE Classification (E42) the organization is classified as: Family Planning, under the broad grouping of Health Care and related organizations. As of 12/2022, Grace Home Ministries employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Home 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 Home Ministries generated $98.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $104.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
GRACE HOME IS A MOTHER/BABY RESIDENTIAL HOME SERVING MOMS(AGES 13-20) AND BABIES UP TO 18 MONTHS. THE PROGRAM PROVIDED24 HOUR CARE IN A SAFE FAMILY ENVIORMENT.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Stanfield President | 2 | $0 | |
Carl Peyton Treasurer | 2 | $0 | |
Kimberly Hicks Secretary | 2 | $0 | |
Butch Taylor Director | 2 | $0 | |
Angie Molina Director | 2 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $104,401 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $62 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$5,954 |
| Other Revenue | $0 |
| Total Revenue | $98,509 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $64,177 |
| Professional fees and other payments to independent contractors | $687 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $3,364 |
| Other expenses | $36,425 |
| Total expenses | $104,653 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $27,236 |
| Other assets | $0 |
| Total assets | $33,956 |
| Total liabilities | $0 |
| Net assets or fund balances | $33,956 |