GRACE PLACE RETIREMENT COMMUNITY INC (EIN 270263021) - Form 990 Financial Analysis & Trantor Score

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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

2009

Legal Domicile

Principal Officer

JAMES CRUSOE

Phone

9017591855

Tax Period

2024-07-01 to 2025-06-30

GRACE PLACE RETIREMENT COMMUNITY INC, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $390K in total revenue in fiscal year 2024. Expenses of $494K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO PROVIDE LOW INCOME AFFORDABLE HOUSING TO ELDERLY.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $388,853

Investment Income $1,646

Other Revenue $0

TOTAL REVENUE $390,499

Expense Breakdown

Grants Paid $0

Salaries & Benefits $92,227

Fundraising Expenses $0

Program Expenses $444,460

Other Expenses $402,049

TOTAL EXPENSES $494,276

Year-over-Year Comparison

	2024	2023	Change
Revenue	$390,499	$370,053	+0.1%
Expenses	$494,276	$425,218	+0.2%
Net Income	$-103,777	$-55,165	+0.9%

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES CRUSOE	PRESIDENT	N/A	Officer Director	$0	$0	$0
LAQUITA R STOKES	SECRETARY	N/A	Officer Director	$0	$0	$0
CHARLES CARPENTER JR	TREASURER	N/A	Officer Director	$0	$0	$0
REBEKAH CRUSOE	MEMBER	N/A	Director	$0	$0	$0
GREG CUFFREY	MEMBER	N/A	Director	$0	$0	$0
VINCENT BAKER	MEMBER	N/A	Director	$0	$0	$0
WHITNEY MOORE-YOUNG	MEMBER	N/A	Director	$0	$0	$0

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	$390,499	$494,276	$2,435,629	$-103,777
2024	$370,053	$425,218	$2,527,586	$-55,165
2023	$359,657	$419,166	$2,588,346	$-59,509
2022	$335,078	$389,560	$2,646,434	$-54,482
2021	$302,140	$360,175	$2,708,650	$-58,035
2020	$305,022	$400,402	$2,767,932	$-95,380
2019	$302,531	$376,384	$2,863,021	$-73,853

GRACE PLACE RETIREMENT COMMUNITY INC