GREATER GRACE ASSEMBLIES AND NETWO… - Form 990 Financial Data

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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

2013

Legal Domicile

Phone

2312601219

Tax Period

2023-01-01 to 2023-12-31

GREATER GRACE ASSEMBLIES AND NETWORKS, founded in 2013, is a small nonprofit in the Religion sector that reported $214K in total revenue in fiscal year 2023. Revenue surged 99% from the prior year, signaling strong growth momentum. The organization ran a surplus of $114K, a strong 53% operating margin.

Mission

We open doors of opportunity to rebuild our community by providing spiritual community affordable housing feeding and education for the youth and adults.

Program Service Accomplishments

Program 1

Expenses: $78,197 Revenue: $23,525

We provide affordable housing for the homeless and we assist with daily independent living .

Program 2

Expenses: $18,414 Revenue: $0

We provide healthy hot meals for residents in our program.

Program 3

Expenses: $3,464 Revenue: $0

We provide education for the youth and adults.

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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 (2023)

Revenue Breakdown

Contributions & Grants $190,750

Program Service Revenue $23,525

Investment Income $0

Other Revenue $0

TOTAL REVENUE $214,275

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100,075

Other Expenses $100,075

TOTAL EXPENSES $100,075

Year-over-Year Comparison

	2023	2022	Change
Revenue	$214,275	$107,710	+1.0%
Expenses	$100,075	$104,470	0.0%
Net Income	$114,200	$3,240	+34.2%

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

N/A

Volunteers

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
Raynice Starr	president	40.00	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
2023	$214,275	$100,075	$648,650	$114,200
2023	$100,075	$100,075	$534,450	No data

GREATER GRACE ASSEMBLIES AND NETWORKS