GRACE TERRACE MEMORIAL ASSOCIATION

EIN: 330894225 501(c)(3) Mutual Benefit

CERRITOS, CA

Total Revenue
$531,095
Total Expenses
$335,682
Total Assets
$5,867,066
Net Assets
$5,314,465
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
CA
Principal Officer
ABRAHAM HO
Phone
5626990921
Tax Period
2024-01-01 to 2024-12-31

GRACE TERRACE MEMORIAL ASSOCIATION, founded in 1999, is a small nonprofit in the Mutual Benefit sector that reported $531K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $195K, a strong 37% operating margin.

Mission

GRACE TERRACE MEMORIAL ASSOCIATION ("GTMA") PROVIDES PEOPLE OF THE CHRISTIAN FAITH INTERMENT RIGHTS FOR THE BURIAL OF BODIES, AND RELIGIOUS SERVICES IN CONNECTION THEREWITH.

Program Service Accomplishments

Program 1
Expenses: $326,021 Revenue: $446,000

GRACE TERRACE MEMORIAL ASSOCIATION ("GTMA") PROVIDES PEOPLE OF THE CHRISTIAN FAITH INTERMENT RIGHTS FOR THE BURIAL OF BODIES, AND RELIGIOUS SERVICES IN CONNECTION THEREWITH.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $446,000
Investment Income $85,095
Other Revenue $0
TOTAL REVENUE $531,095

Expense Breakdown

Grants Paid $0
Salaries & Benefits $121,600
Fundraising Expenses $0
Program Expenses $326,021
Other Expenses $214,082
TOTAL EXPENSES $335,682

Year-over-Year Comparison

2024 2023 Change
Revenue $531,095 $578,660 -0.1%
Expenses $335,682 $357,447 -0.1%
Net Income $195,413 $221,213 -0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
3
Employees
3
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
7
$40,000
Total Directors
7
$40,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL YU Vice President 20.00
Officer Director
$30,000 $0 $30,000
BENJAMIN C WU Director 20.00
Officer Director
$10,000 $0 $10,000
ABRAHAM HO President 4.00
Officer Director
$0 $0 $0
GILBERT CHANG Secretary 4.00
Officer Director
$0 $0 $0
JERRY CHI Treasurer 4.00
Officer Director
$0 $0 $0
DAVID HO Director 4.00
Officer Director
$0 $0 $0
SAMUEL LEE Director 4.00
Officer 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
2024 $531,095 $335,682 $5,867,066 $195,413
2023 $578,660 $357,447 $5,671,653 $221,213
2022 $772,066 $399,451 $5,450,440 $372,615
2021 $855,278 $436,316 $5,077,825 $418,962
2020 $480,634 $251,988 $4,658,863 $228,646
2019 $265,144 $221,290 $4,930,217 $43,854
2018 $653,166 $273,120 $5,386,363 $380,046
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