GRACE NEIGHBORHOOD DEVELOPMENT CORPORATION

EIN: 232961701 501(c)(3) Community Improvement

PHILADELPHIA, PA

Total Revenue
$7,515,120
Total Expenses
$6,416,995
Total Assets
$13,362,538
Net Assets
$12,453,480
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
PA
Principal Officer
REV DR CHANDRA S SOANS
Phone
2673887648
Tax Period
2025-01-01 to 2025-12-31

GRACE NEIGHBORHOOD DEVELOPMENT CORPORATION, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $7.5M in total revenue in fiscal year 2025. Revenue decreased 7% compared to the prior year. Expenses of $6.4M left a modest 15% surplus.

Mission

The organization provides child day care services.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $27,837
Program Service Revenue $7,068,183
Investment Income $396,430
Other Revenue $22,670
TOTAL REVENUE $7,515,120

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,724,109
Fundraising Expenses $0
Program Expenses $5,748,151
Other Expenses $1,692,886
TOTAL EXPENSES $6,416,995

Year-over-Year Comparison

2025 2024 Change
Revenue $7,515,120 $8,046,305 -0.1%
Expenses $6,416,995 $6,005,939 +0.1%
Net Income $1,098,125 $2,040,366 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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

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Governance

Voting Members
9
Independent Members
9
Employees
118
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
6
$0
Key Employees
1
$184,372
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Frank Crawford President 5.00
Officer
$0 $0 $0
Christopher Pandian Treasurer 3.00
Officer
$0 $0 $0
Cheryl McLaughlin Secretary 3.00
Officer
$0 $0 $0
Nastassia Harewood Board member 2.00
Director
$0 $0 $0
Immanuel Regunesan Trustee 2.00
Director
$0 $0 $0
Samuel Rajaseelan Trustee 2.00
Director
$0 $0 $0
Dave Ackerman Trustee 2.00
Director
$0 $0 $0
Daniel Dumpala Trustee 2.00
Director
$0 $0 $0
Baaba Baido Trustee 2.00
Director
$0 $0 $0
Chandra Soans Executive Director 35.00
Key Emp Highest
$96,555 $37,180 $184,372
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $7,515,120 $6,416,995 $13,362,538 $1,098,125
2024 $8,046,305 $6,005,939 $12,346,407 $2,040,366
2023 $8,127,974 $5,729,150 $10,841,291 $2,398,824
2022 $7,311,842 $5,385,412 $8,198,389 $1,926,430
2021 $6,744,086 $4,655,808 $6,570,287 $2,088,278
2020 $5,376,849 $4,192,672 $4,697,490 $1,184,177
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