Grace House Ministries Inc

EIN: 570903169 501(c)(3) Human Services

Fairfield, AL

Total Revenue
$4,731,061
Total Expenses
$2,532,208
Total Assets
$4,542,013
Net Assets
$4,363,168
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
AL
Principal Officer
Pamela Phipps
Phone
2057864663
Tax Period
2023-01-01 to 2023-12-31

Grace House Ministries Inc, founded in 1992, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2018. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 6% surplus.

Mission

To provide a stable Christian home for girls from crisis backgrounds.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,623,331
Program Service Revenue $919,228
Investment Income $568
Other Revenue $187,934
TOTAL REVENUE $4,731,061

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,433,759
Fundraising Expenses $289,326
Program Expenses $2,022,827
Other Expenses $1,098,449
TOTAL EXPENSES $2,532,208

Year-over-Year Comparison

2023 2022 Change
Revenue $4,731,061 $2,442,902 +0.9%
Expenses $2,532,208 $2,299,097 +0.1%
Net Income $2,198,853 $143,805 +14.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
23
Independent Members
22
Employees
66
Volunteers
200

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
$85,574
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Boylan Russell Board member 1.00
Director
$0 $0 $0
Brown III J David Board member 1.00
Director
$0 $0 $0
Christian Ed Board member 1.00
Director
$0 $0 $0
Corey April Board member 1.00
Director
$0 $0 $0
Floyd Cathy Board member 1.00
Director
$0 $0 $0
Hancock Mark Board member 1.00
Director
$0 $0 $0
Howton Barry Board member 1.00
Director
$0 $0 $0
McLean Carter Board member 1.00
Director
$0 $0 $0
Price Valarie Board member 1.00
Director
$0 $0 $0
Smtih Andrea Board member 1.00
Director
$0 $0 $0
Standford Pamela Board member 1.00
Director
$0 $0 $0
Thompson Scott Board member 1.00
Director
$0 $0 $0
Turner John Board member 1.00
Director
$0 $0 $0
Waldrop Susan Board member 1.00
Director
$0 $0 $0
Weber Kathie Board member 1.00
Director
$0 $0 $0
Wright Peter Board member 1.00
Director
$0 $0 $0
Johnson Dan T Immediate Past Chairman 1.00
Officer Director
$0 $0 $0
Jones Pastor Michael Chaplain 1.00
Officer Director
$0 $0 $0
Richards Stewart Secretary 1.00
Officer Director
$0 $0 $0
Levant Bill Treasurer 1.00
Officer Director
$0 $0 $0
Williams Anthony Vice Chairman 1.00
Officer Director
$0 $0 $0
Walton Dawn Chairman 1.00
Officer Director
$0 $0 $0
Phipps Pamela Executive Director 40.00
Officer
$85,574 $0 $85,574
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 No data No data No data No data
2023 $4,731,061 $2,532,208 $4,542,013 $2,198,853
2022 $2,442,902 $2,299,097 $2,272,111 $143,805
2021 $1,801,284 $1,713,887 $2,021,333 $87,397
2020 $1,922,739 $1,738,785 $1,829,747 $183,954
2020 $1,922,739 $1,585,721 $1,988,679 $337,018
2019 $1,626,366 $1,271,059 $1,861,793 $355,307
2018 $1,443,223 $1,351,637 $1,392,415 $91,586
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