Grace In Action Incorporated
- Assets
- $749.9k
- Revenue
- $445.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- Data as of
- 12/2021
- EIN
- 84-3073034
Organization Overview
Grace In Action Incorporated is located in Washington, DC. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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 In Action Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE HOUSING AS A FIRST STEP TOWARD REBUILDING SECURITY, SAFETY AND DIGNITY FOR OUR UNHOUSED NEIGHBORS IN THE SOUTHEAST QUADRANT OF WASHINGTON, DC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRACE IN ACTION OPERATES BY ACQUIRING HOUSING UNITS AND MAKING THEM AVAILABLE FOR AFFORDABLE RENTS FOR THOSE IN OUR COMMUNITY WHO ARE EXPERIENCING HOMELESSNESS OR HOUSING INSECURITY. GRACE IN ACTION ACQUIRED ITS FIRST AFFORDABLE HOUSE ON OCTOBER 8, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margo Collins President | Officer | 2 | $0 |
David Forsythe Treasurer | Officer | 2 | $0 |
Xavier Hodge Vice Preside | Officer | 2 | $0 |
Alison Watson Secretary | Officer | 2 | $0 |
Sam Marullo Board Member | Trustee | 16 | $0 |
Tammy Hunter Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $445,001 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $445,001 |
| Total Program Service Revenue | $0 |
| Investment income | $167 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $445,168 |
| 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. | $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 | $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 | $332 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $2,133 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,640 |
| All other expenses | $0 |
| Total functional expenses | $4,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,860 |
| Savings and temporary cash investments | $127,444 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $493,635 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $749,939 |
| 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 | $293,400 |
| Total liabilities | $293,400 |
| Net assets without donor restrictions | $456,539 |
| 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 | $749,939 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Grace In Action Incorporated has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Alta Good Deeds Foundation Washington, DC PURPOSE: GENERAL PROGRAM GRANT | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Magnolia Housing Inc North Bethesda, MD | $6,233,975 | $1,178,678 |
Prologue Inc Baltimore, MD | $8,569,201 | $6,794,698 |
Jubilee Housing Inc Washington, DC | $81,340,567 | $5,811,871 |
Mason Housing Inc Fairfax, VA | $24,839,248 | $3,905,662 |
The House Inc Woodbridge, VA | $1,787,552 | $4,341,712 |
Skyline Cap Inc Madison, VA | $2,055,888 | $2,989,261 |
National Breast Cancer Coalition Fund Washington, DC | $4,829,949 | $4,285,005 |
Williams Home Incorporated Lynchburg, VA | $28,337,965 | -$2,240,201 |
Grace House Inc Rockville, MD | $4,149,501 | $2,246,362 |
Coalition For Nonprofit Housing And Economic Development Washington, DC | $3,845,887 | $4,090,125 |
Hope And A Home-Inc Washington, DC | $2,543,414 | $1,443,106 |
National Housing Conference Inc Washington, DC | $1,234,467 | $2,007,862 |