GRACE IMPACT DEVELOPMENT CENTER INC

EIN: 815401824 501(c)(3) Human Services

MONCKS CORNER, SC

Total Revenue
$222,047
Total Expenses
$200,471
Total Assets
$183,928
Net Assets
$157,232
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
SC
Phone
8435070077
Tax Period
2023-01-01 to 2023-12-31

GRACE IMPACT DEVELOPMENT CENTER INC, founded in 2017, is a small nonprofit in the Human Services sector that reported $222K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $200K left a modest 10% surplus.

Mission

Grace Impact Development Center exist to create organize incubate and fund programming in the areas of Healhcare Housing Employment and Education for At Risk Populations throughout Berkeley County SC.

Program Service Accomplishments

Program 1
Expenses: $76,993 Revenue: $94,103

Robert Wood Johnson: Grant funds were allocated for various non-contractual staffing positions; developing the foundation of sustainability to the nonprofit. The role descriptions for executive...

Read more

Robert Wood Johnson: Grant funds were allocated for various non-contractual staffing positions; developing the foundation of sustainability to the nonprofit. The role descriptions for executive director director and event coordinator were established for the year and completed successfully: which included conducting monthly board meetings developing partnerships and programs and managing executing a major cultural festival and community engagements.

Program 2
Expenses: $49,008 Revenue: $50,000

SC Funds-These funds were used in the following ways: 1 The Mobile Welding Workforce Development Program utilized our partnership with retired master welders and a welding inspector to take training...

Read more

SC Funds-These funds were used in the following ways: 1 The Mobile Welding Workforce Development Program utilized our partnership with retired master welders and a welding inspector to take training opportunities into communities where barriers exist to attend current programs. This allowed residents to take advantage of the many open welding job opportunities in Berkeley County with the help of some of our partners who provided soft skill training resume building and transportation. 2 The Micro Learning Center is a web-based app that was created to extend many of our community center based programs into rural areas electronically via partnerships with churches and other community based organizations. These funds supported programming and further connections and partnership building in rural Berkeley County. 3 Full financial audit. With this audit we will continue to be positioned for larger capacity and programming grants from government public and private grantors. 4 Our Harvesting Hope Food Pantry currently provides food distribution twice per month to over 100 households. These community members heavily rely on the food pantry to supplement their food security. 5 The marketing and resource development will help our nonprofit capture and effectively share the work we do and our stories.

Program 3
Expenses: $7,694 Revenue: $15,000

General Motors Grant funds were allocated to hire individuals to create public service announcements PSA and construct a community pavilion. Five videos were created by a youth resident a media arts...

Read more

General Motors Grant funds were allocated to hire individuals to create public service announcements PSA and construct a community pavilion. Five videos were created by a youth resident a media arts college student and a production manager. Each PSA video focused on subject matters relevant to: 1. Misrepresentation of Youth Homelessness in Berkeley County 2. Food Scarcity 3. Mental Health Care Awareness 4. Voice in Local Government 5. Community Investment Promotes Community Sustainability. The community pavilion was built from the ground up by hired individuals donated work hours and skilled professionals. The pavilion will serve as a safe space for community engagement.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $208,307
Program Service Revenue $0
Investment Income $0
Other Revenue $13,740
TOTAL REVENUE $222,047

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $147,319
Other Expenses $200,471
TOTAL EXPENSES $200,471

Year-over-Year Comparison

2023 2022 Change
Revenue $222,047 $280,171 -0.2%
Expenses $200,471 $227,373 -0.1%
Net Income $21,576 $52,798 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
1
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Delores Pinckney Williams Treasurer 1.00
Officer
$0 $0 $0
Edmund Vice Member 0.50
Director
$0 $0 $0
Jerald Borden Jr Member 0.50
Director
$0 $0 $0
Jessica Watkins Member 0.50
Director
$0 $0 $0
Latorie S Lloyd Member 0.50
Director
$0 $0 $0
Tory Liferidge Executive Director 10.00
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
2023 $222,047 $200,471 $183,928 $21,576
2022 $280,171 $227,373 $188,614 $52,798
2022 $280,171 $227,373 $188,614 $52,798
2021 $353,246 $413,908 $162,513 $-60,662
Explore More Nonprofits
Top 100 Nonprofits in South Carolina Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare GRACE IMPACT DEVELOPMENT CENTER INC with other nonprofits in South Carolina and across the country.