GRACE GUILD OF SINAI GRACE HOSPITAL AND COMMUNITY DEVELOPMENT CORPORATION

EIN: 386092104 501(c)(3) Health Care

DETROIT, MI

Total Revenue
$586,862
Total Expenses
$432,621
Total Assets
$551,813
Net Assets
$549,823
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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
1942
Legal Domicile
MI
Principal Officer
PALENCIA MOBLEY
Phone
3137310001
Tax Period
2024-01-01 to 2024-12-31

GRACE GUILD OF SINAI GRACE HOSPITAL AND COMMUNITY DEVELOPMENT CORPORATION, founded in 1942, is a small nonprofit in the Health Care sector that reported $587K in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $154K, a strong 26% operating margin.

Mission

TO ADVANCE COMPREHENSIVE COMMUNITY DEVELOPMENT IN NORTHWEST DETROIT TOWARD A VISION OF DIVERSE, VIBRANT, AND THRIVING NEIGHBORHOODS

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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 $586,862
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $586,862

Expense Breakdown

Grants Paid $0
Salaries & Benefits $82,044
Fundraising Expenses $0
Program Expenses $345,836
Other Expenses $350,577
TOTAL EXPENSES $432,621

Year-over-Year Comparison

2024 2023 Change
Revenue $586,862 $378,409 +0.6%
Expenses $432,621 $442,136 0.0%
Net Income $154,241 $-63,727 -3.4%
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
10
Independent Members
10
Employees
2
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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ABBY FREEMAN PRESIDENT 002.00
Officer Director
$0 $0 $0
LARRY MATHEWS TREASURER 002.00
Officer Director
$0 $0 $0
JUNE MACK SECRETARY 002.00
Officer Director
$0 $0 $0
PAULETTE GRIFFIN MEMBER 002.00
Director
$0 $0 $0
KATRINA McCREE MEMBER 002.00
Director
$0 $0 $0
RYAN MACK MEMBER 002.00
Director
$0 $0 $0
CRYSTAL PERKINS MEMBER 002.00
Director
$0 $0 $0
WILLIAM SMITH MEMBER 002.00
Director
$0 $0 $0
MICHELLE MORASSO MEMBER 002.00
Director
$0 $0 $0
EVELYN ZWIEBACH MEMBER 002.00
Director
$0 $0 $0
PALENCIA MOBLEY EXEC DIRECTOR 030.00
Officer
$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 $586,862 $432,621 $551,813 $154,241
2023 $378,409 $442,136 $396,802 $-63,727
2022 $518,157 $437,958 $459,799 $80,199
2021 $144,985 $584,445 $379,110 $-439,460
2020 $477,429 $365,267 $411,825 $112,162
2019 $497,078 $333,768 $270,605 $163,310
2018 $175,720 $137,439 $107,644 $38,281
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