NASHVILLE, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GRACE ADULT HOMES, founded in 2007, is a micro nonprofit in the Housing & Shelter sector that reported $2K in total revenue in fiscal year 2023. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $97K exceeded revenue, resulting in a 4131% operating deficit.
TO DEVELOP, ACQUIRE, CONSTRUCT, AND MAINTAIN BUILDINGS AND PROPERTY FOR PROVIDING LONG-TERM CARE SERVICE INCLUDING QUALITY ASSISTED LIVING/ALZHEIMER CARE CONTAINING FACILITIES FOR RECREATION, INSTRUCTION, EDUCATION; AND TO MINISTER TO THE INDIVIDUAL PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF THE ELDERLY RESIDENTS OF THE FACILITIES.
THE MISSION OF GRACE HOMES WAS TO DEVELOP, ACQUIRE, CONSTRUCT, AND MAINTAIN BUILDINGS AND PROPERTY FOR PROVIDING LONG-TERM CARE SERVICE INCLUDING QUALITY ASSISTED LIVING CONTAINING FACILITIES FOR...
THE MISSION OF GRACE HOMES WAS TO DEVELOP, ACQUIRE, CONSTRUCT, AND MAINTAIN BUILDINGS AND PROPERTY FOR PROVIDING LONG-TERM CARE SERVICE INCLUDING QUALITY ASSISTED LIVING CONTAINING FACILITIES FOR RECREATION, INSTRUCTION, EDUCATION; AND TO MINISTER TO THE INDIVIDUAL PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF THE ELDERLY RESIDENTS OF THE FACILITIES. THE OUTBREAK OF THE COVID PANDEMIC HAD A DIBILITATING EFFECT ON THE OPERATIONS OF GRACE HOMES. THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT REQUIRED THE SHUTDOWN OF THE HOUSING OPERATIONS WHICH TOOK PLACE IN OCTOBER AND NOVEMBER OF 2021. THE OPERATIONS SHUT DOWN CONTINUED THROUGHOUT 2022, INCLUDING NEGOTIATIONS RELATED TO THE EVENTUAL RETUN OF THE PROPERTY TO THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. THE TRANSFER TO HUD WAS COMPLETED DURING THE YEAR AND THE ENTITY WAS TERMINATED.
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 | $2,299 | $413,765 | -1.0% |
| Expenses | $97,267 | $483,348 | -0.8% |
| Net Income | $-94,968 | $-69,583 | +0.4% |
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 |
|---|---|---|---|---|---|---|
| SHANE BERRY | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| BROCK BREWER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| BILL MCKEE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CYNTHIA LEMAY | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| BILL BREWER | SECRETARY | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| T GREER CARR | PRESIDENT | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOE N STEAKLEY | TREASURER | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOE WALL | VICE PRESIDENT | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOYCE SIEVER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| GEORGE THOMPSON | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $2,299 | $97,267 | No data | $-94,968 |
| 2022 | $413,765 | $483,348 | $2,681,598 | $-69,583 |
| 2021 | $984,190 | $1,774,200 | $2,989,599 | $-790,010 |
| 2020 | $1,636,758 | $1,958,772 | $3,351,199 | $-322,014 |
| 2019 | $1,353,556 | $1,784,296 | $3,494,464 | $-430,740 |
| 2018 | $1,765,927 | $1,864,657 | $3,875,521 | $-98,730 |
Compare GRACE ADULT HOMES with other nonprofits in Tennessee and across the country.