GRAND RAPIDS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GRACE HOUSE OF ITASCA COUNTY, founded in 2007, is a small nonprofit in the Human Services sector that reported $617K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum.
TO PROVIDE SAFE, TEMPORARY SHELTER FOR INDIVIDUALS AND FAMILIES WHO ARE EXPERIENCING HOMELESSNESS AND CONNECT THEM TO COMMUNITY RESOURCES.
GRACE HOUSE PROVIDES OVERNIGHT SHELTER AND THREE MEALS PER DAY. GRACE HOUSE ALSO PROVIDES DAY CENTER SERVICES OFFERING CASE MANAGEMENT, REFERRAL AND ONE-ON-ONE ASSISTANCE. OPPORTUNITIES ARE PROVIDED...
GRACE HOUSE PROVIDES OVERNIGHT SHELTER AND THREE MEALS PER DAY. GRACE HOUSE ALSO PROVIDES DAY CENTER SERVICES OFFERING CASE MANAGEMENT, REFERRAL AND ONE-ON-ONE ASSISTANCE. OPPORTUNITIES ARE PROVIDED FOR VOLUNTEERING, LEARNING BASIC LIFE SKILLS, EDUCATION, AND ASSISTANCE FOR TRANSITIONAL SKILLS. GRACE HOUSE SERVES AS A SITE FOR THOSE NEEDING TO DO COMMUNITY SERVICE HOURS AND FOR INDIVIDUALS FROM THE LOCAL COMMUNITY COLLEGE NEEDING SITES FOR INTERNSHIPS. IN 2023, OVER 80 VOLUNTEERS PROVIDED 4,515 HOURS OF SERVICE. THE ORGANIZATION PARTNERED WITH OTHERS SUCH AS KOOTASCA COMMUNITY ACTION, NORTHLAND COUNSELING CENTER AND THE SALVATION ARMY. IN 2023, 62% OF GUESTS SECURED STABLE HOUSING AND 17% FOUND EMPLOYMENT. IN ADDITION, 142 GUESTS WERE SERVED, PROVIDING THEM WITH 3,030 NIGHTS OF SHELTER, (INCLUDING 233 HOTEL ROOM NIGHTS) AND 5,941 MEALS. THE FACILITY WAS 83% FULL (INCLUDING HOTEL NIGHTS). PLEASE SEE ATTACHED ANNUAL REPORT FOR MORE DETAILS ON GRACE HOUSE'S ACCOMPLISHMENTS IN 2023.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $616,517 | $474,068 | +0.3% |
| Expenses | $598,991 | $392,394 | +0.5% |
| Net Income | $17,526 | $81,674 | -0.8% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RON OLEHEISER | Executive Dir. | 40.00 |
Director
|
$75,000 | $0 | $75,000 |
| TOM FASTELAND | Vice President | 1.50 |
Officer
Director
|
$0 | $0 | $0 |
| PASTOR JIM CRECELIUS | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| SANDY SAMPSON | Secretary | 1.50 |
Officer
Director
|
$0 | $0 | $0 |
| HUGH QUINN | Treasurer | 1.50 |
Officer
Director
|
$0 | $0 | $0 |
| MEGAN HILBACK | President | 1.50 |
Officer
Director
|
$0 | $0 | $0 |
| JULIE WERNER | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| MAC MCKINNEY | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| ROB MATTEI | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| ANDY MORGAN | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $616,517 | $598,991 | $954,049 | $17,526 |
| 2022 | $474,068 | $392,394 | $936,426 | $81,674 |
| 2021 | $406,421 | $337,225 | $899,064 | $69,196 |
| 2020 | $431,353 | $326,291 | $791,095 | $105,062 |
| 2019 | $303,614 | $251,977 | $683,877 | $51,637 |
| 2018 | $301,833 | $233,574 | $632,126 | $68,259 |
Compare GRACE HOUSE OF ITASCA COUNTY with other nonprofits in Minnesota and across the country.