Grace Place Ministry Inc
- Assets
- $5.3m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Hendersonville, TN
- Founding
- 03/2015
- Data as of
- 12/2023
- EIN
- 47-2033381
Organization Overview
Grace Place Ministry Inc is located in Hendersonville, TN. The organization was established in 2015. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Grace Place Ministry Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Place Ministry 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 12/2023, Grace Place Ministry Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 32.4% each year . All expenses for the organization totaled $865.4k during the year ending 12/2023. While expenses have increased by 20.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER IMPOVERISHED SINGLE MOTHERS AND THEIR CHILDREN TOWARD DEVELOPING HEALTHY, SAFE AND INDEPENDENT LIVES IN THE LOCAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN'S PROGRAM - CHILDREN IN THE PROGRAM PARTICIPATE IN AFTER SCHOOL TUTORING AND 'PEACH' (PHYSICAL AND EMOTIONAL AWARENESS FOR CHILDREN WHO ARE HOMELESS) ALONG WITH EXTRA-CURRICULAR ACTIVITIES. ALL PARTICIPATING CHILDREN ARE MAINTAINING STABLE EDUCATION BY ATTENDING SCHOOL AND WORKING DILIGENTLY ON EARNING ABOVE-AVERAGE GRADES.
SHELTER, SAFETY AND PHYSICAL NEEDS OF PARTICIPATING FAMILIES - THE SHELTER PROVIDES FAMILIES WITH FOOD, TOILETRIES, HOUSEHOLD SUPPLIES, AND A SAFE LIVING ENVIRONMENT UPON ENTRANCE. CURRENTLY THERE ARE 5 FAMILIES HOUSED IN THE SHELTER AT ONE TIME. THERE IS A GRADUATE PROGRAM THAT SUPPORTS 3 FAMILIES FOR AN ADDITIONAL YEAR AFTER COMPLETION OF THE PROGRAM.
MOTHER'S PROGRAM - MOTHERS PARTICIPATE IN ON-SITE EMPLOYMENT PREPARATION TO ACQUIRE FULL-TIME EMPLOYMENT AS SOON AS POSSIBLE. PARTICIPANTS ENGAGE IN INTENSIVE FINANCIAL LITERACY EDUCATION, BUDGET TRAINING, ONGOING CASE MANAGEMENT, PEER AND/OR PROFESSIONAL CONSULTING, PARENTING CLASSES AND ADVANCED COMPUTER TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Desneige Vancleave Executive Dir. | Officer | 40 | $94,036 |
Amanda Foster Board Chairman | Trustee | 0 | $0 |
Brian Stewart Board Member | Trustee | 0 | $0 |
Jamie Abbott Board Member | Trustee | 0 | $0 |
Jody Corley Board Member | Trustee | 0 | $0 |
Kathy Odom Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $21,210 |
| Membership dues | $127,160 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $64,327 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,745,476 |
| Noncash contributions included in lines 1a–1f | $53,167 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,958,173 |
| Total Program Service Revenue | $0 |
| Investment income | $172,592 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,089 |
| Net Income from Fundraising Events | $90,776 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $912 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,221,364 |
| 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. | $94,036 |
| Compensation of current officers, directors, key employees. | $27,929 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $261,826 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,720 |
| Payroll taxes | $27,227 |
| 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 | $175,640 |
| Advertising and promotion | $0 |
| Office expenses | $43,396 |
| Information technology | $0 |
| Royalties | $18,827 |
| Occupancy | $0 |
| Travel | $11,521 |
| 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 | $17,010 |
| Insurance | $23,621 |
| All other expenses | $24,480 |
| Total functional expenses | $865,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $542,202 |
| Savings and temporary cash investments | $829,152 |
| Pledges and grants receivable | $20,737 |
| 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 | $2,488,555 |
| Investments—publicly traded securities | $1,412,473 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,293,119 |
| Accounts payable and accrued expenses | $5,872 |
| 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 | $1,352,273 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,358,145 |
| Net assets without donor restrictions | $3,364,869 |
| Net assets with donor restrictions | $570,105 |
| 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 | $5,293,119 |