THE HAVEN OF GRACE

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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

1992

Legal Domicile

Principal Officer

LESA STEWARD

Phone

3146216507

Tax Period

2024-07-01 to 2025-06-30

THE HAVEN OF GRACE, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $2.3M exceeded revenue, resulting in a 25% operating deficit.

Mission

AS A MINISTRY OF FAITH, OUR MISSION IS TO EMPOWER PREGNANT WOMEN TO OVERCOME HOMELESSNESS AND TO ACHIEVE STABILITY. SEE SCHEDULE OWITH EXPECTATIONS OF ACCOUNTABILITY, WE PROVIDE A NURTURING HOME, EDUCATIONAL PROGRAMS AND LONG-TERM SUPPORT FOR MOTHER AND CHILD. THE HAVEN OF GRACE STRIVES TO INSTILL HOPE, DIGNITY AND THE PRIDE OF INDEPENDENCE, ONE FAMILY AT A TIME.

Program Service Accomplishments

Program 1

Expenses: $1,256,038

MATERNITY CENTER: THE HAVEN OF GRACE MATERNITY CENTER IS OUR FIRST TIER OF PROGRAMMING. WE PROVIDE FOOD, SHELTER AND BASIC NEEDS FOR UP TO 10 PREGNANT MOTHERS (18 AND OLDER) AND THEIR YOUNG CHILDREN (IF ANY) AT A TIME. OUR CAMPUS IS A SAFE AND NURTURING HOME FOR THE WOMEN WHILE THEY PREPARE FOR A HEALTHY DELIVERY AND STABILIZE THEIR PATH FOR CREATING A SAFE AND NURTURING ENVIRONMENT FOR THE WHOLE FAMILY. WE MAINTAINED OUR CORE EDUCATIONAL OFFERINGS AND FOCUSED ON CREATING A TRAUMA-INFORMED SAFE SPACE AND SERVICE ORGANIZATION.

Program 2

Expenses: $157,006

QUADRANGLE TRANSITIONAL APARTMENTS: THE HAVEN OF GRACE QUADRANGLE TRANSITIONAL APARTMENTS ARE OUR SECOND TIER OF PROGRAMMING. THE APARTMENTS ARE FOR YOUNG MOTHERS WHO NEEDED MORE TIME TO GET ON THEIR FEET TO LIVE INDEPENDENTLY WITHIN THE SAFETY NET THEY HAVE ESTABLISHED WITH THE HAVEN. THESE TRANSITIONAL APARTMENTS ARE WHERE WE SEE YOUNG MOTHERS GAIN THE CONFIDENCE AND CONTROL TO DIRECT THEIR LIVES WITH INTENTION RATHER THAN SURVIVE THEM. MANY OF THE BABIES BORN IN THE MATERNITY SHELTER BECOME TODDLERS HERE, AND WE HAVE THE BEAUTIFUL JOY OF WATCHING A FAMILY GROW TOGETHER. TENANTS IN "THE QUAD" PAY 30% OF THEIR INCOME FOR RENT AND CAN RESIDE IN THE FULLY FURNISHED APARTMENTS FOR UP TO TWO YEARS.

Program 3

Expenses: $78,502 Revenue: $16,493

AFTER CARE: RESIDENTS WHO SUCCESSFULLY COMPLETE THE RESIDENTIAL PROGRAM ARE ELIGIBLE TO ENROLL IN OUR UNIQUE 10-YEAR AFTERCARE PROGRAM, OUR THIRD TIER OF PROGRAMMING. AFTER CARE HAS EXPANDED UNDER...

AFTER CARE: RESIDENTS WHO SUCCESSFULLY COMPLETE THE RESIDENTIAL PROGRAM ARE ELIGIBLE TO ENROLL IN OUR UNIQUE 10-YEAR AFTERCARE PROGRAM, OUR THIRD TIER OF PROGRAMMING. AFTER CARE HAS EXPANDED UNDER THE UMBRELLA OF PROJECT INSPIRE AND INCLUDES PROGRAMMING FOR INFANTS AND CHILDREN UP TO AGE 14. THIS PROGRAM HELPS PREVENT SUBSEQUENT BOUTS OF HOMELESSNESS AND SUPPORTS THE FAMILIES' PATHS TOWARD ECONOMIC STABILITY. AFTER CARE SERVICES ARE PROVIDED AS NEEDED AS WE WORK TO KEEP IN TOUCH WITH WOMEN ONCE THEY SETTLE BACK IN THE COMMUNITY.THESE SERVICES CAN INCLUDE ASSISTANCE WITH MOVING EXPENSES AND NEEDED HOUSEHOLD ITEMS, FURNITURE DONATIONS, CHILDCARE STIPENDS, COLLEGE SCHOLARSHIPS, MICRO-LENDING FUNDS, ... (SEE SCHEDULE O)...AFTER CARE CONTINUED: A NEW HOME BUYER'S CLUB, HOLIDAY GIVING, SUPPORT GROUPS, EDUCATIONAL WORKSHOPS AND REGULAR ACCESS TO A FAMILY SUPPORT SPECIALIST WHO PROVIDES HOME VISITS AND ONGOING REFERRALS, GUIDANCE AND SUPPORT.

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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 $1,644,639

Program Service Revenue $16,493

Investment Income $211,390

Other Revenue $3,232

TOTAL REVENUE $1,875,754

Expense Breakdown

Grants Paid $38,496

Salaries & Benefits $964,817

Fundraising Expenses $394,904

Program Expenses $1,570,048

Other Expenses $1,322,330

TOTAL EXPENSES $2,342,984

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,875,754	$1,568,011	+0.2%
Expenses	$2,342,984	$1,963,648	+0.2%
Net Income	$-467,230	$-395,637	+0.2%

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

101

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

$128,460

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESA STEWARD	CHAIRMAN	3.00	Officer Director	$0	$0	$0
CRYSTAL AVERY-MORRIS	VICE CHAIRMAN	3.00	Officer Director	$0	$0	$0
MICHAEL MILLS	SECRETARY	2.00	Officer Director	$0	$0	$0
KRISTEN DONOVAN	TREASURER	3.00	Officer Director	$0	$0	$0
JILL BOONE	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS CARTER JR	DIRECTOR	1.00	Director	$0	$0	$0
SABRINA COCKERHAM	DIRECTOR	1.00	Director	$0	$0	$0
LISHA ELLIS	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY FORD	DIRECTOR	1.00	Director	$0	$0	$0
VENITA GOVAN	DIRECTOR	1.00	Director	$0	$0	$0
MARISSA HARDWRICT	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM C HARRIS JR	DIRECTOR	1.00	Director	$0	$0	$0
SALLY LEMKEMIER	FOUNDING BOARD MEMBER	0.50	Director	$0	$0	$0
TYLA MILLER	DIRECTOR	1.00	Director	$0	$0	$0
ERICA RANDALL	DIRECTOR	1.00	Director	$0	$0	$0
DAN SCHETTLER	DIRECTOR	3.00	Director	$0	$0	$0
DREXEL STITH	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN STRASHEIM	DIRECTOR	3.00	Director	$0	$0	$0
KIM TATE	DIRECTOR	1.00	Director	$0	$0	$0
DR ADETUNJI TORIOLA	DIRECTOR	1.00	Director	$0	$0	$0
DANA TUCKER REDWING ESQ	DIRECTOR	1.00	Director	$0	$0	$0
GERALD WILLE	DIRECTOR	1.00	Director	$0	$0	$0
BUD WILSON	DIRECTOR	1.00	Director	$0	$0	$0
MARILYN WILSON	DIRECTOR	1.00	Director	$0	$0	$0
FIONA WOODY	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA BOSMAN	PRESIDENT AND CEO	40.00	Officer	$125,552	$2,908	$128,460

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	$1,875,754	$2,342,984	$7,413,790	$-467,230
2024	$1,568,011	$1,963,648	$7,660,238	$-395,637
2023	$1,468,373	$1,518,949	$7,651,599	$-50,576
2022	$1,409,699	$1,257,239	$7,395,576	$152,460
2021	$2,437,792	$1,030,893	$7,930,263	$1,406,899
2020	$1,159,899	$1,103,552	$6,040,766	$56,347
2019	$1,126,054	$1,061,396	$5,779,511	$64,658