HANNAH GRACE HOMES INC DBA HANNAH GRACE HOMES OF SC

EIN: 824853801 501(c)(3)

CLERMONT, FL

Total Revenue
$65,074
Total Expenses
$37,398
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
SC
Principal Officer
DAVID C GIBBS III
Phone
8882336255
Tax Period
2020-01-01 to 2020-12-31

HANNAH GRACE HOMES INC DBA HANNAH GRACE HOMES OF SC, founded in 2018, is a micro nonprofit that reported $65K in total revenue in fiscal year 2020. Revenue fell 78% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $28K, a strong 43% operating margin.

Mission

HANNAH GRACE HOMES PROVIDES AN ATMOSPHERE AS CLOSE TO A "NORMAL" HOME AS POSSIBLE. A SAFE HAVEN FOR YOUNG WOMEN, NEGLECTED AND ABUSED GIRLS. HANNAH GRACE HOMES OPERATES FROM A BIBLICAL WORLDVIEW AND TEACHES EVERY GIRL SHE IS LOVED BY GOD AND HAS A PLACE TO BELONG IN CHRIST.

Program Service Accomplishments

Program 1
Expenses: $31,056

FOUNDED IN 2017 AS A NONTRADITIONAL GROUP HOME, EACH RESIDENCE HOUSE 8-10 GIRLS, PRIMARILY IN THE AGE GROUP OF 8-17. TWO SETS OF HOUSE PARENTS RESIDE IN EACH HOME ON A ROTATING BASIS.HANNAH GRACE...

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FOUNDED IN 2017 AS A NONTRADITIONAL GROUP HOME, EACH RESIDENCE HOUSE 8-10 GIRLS, PRIMARILY IN THE AGE GROUP OF 8-17. TWO SETS OF HOUSE PARENTS RESIDE IN EACH HOME ON A ROTATING BASIS.HANNAH GRACE HOMES, INC. OPERATES IN THE STATE OF FLORIDA AS A LICENSED RESIDENTIAL FOSTER CARE PROGRAM, AND PARTNERS WITH COMMUNITY-BASED AGENCIES AUTHORIZED UNDER STATE GUIDELINES.RESIDENCE ARRIVE AFTER THEIR INITIAL RESCUE OR AFTER A FOSTER HOME SITUATION BECOMES UNWORKABLE. DAYS ARE FILLED WITH NUTRITIOUS MEALS AND POSITIVE ACTIVITIES. HOUSE PARENTS POUR OUT WORDS AND ACTIONS THAT DISPLAY THE LOVE OF CHRIST FOR THESE YOUNG WOMEN.

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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 (2020)

Revenue Breakdown

Contributions & Grants $65,074
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $65,074

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,198
Fundraising Expenses $0
Program Expenses $31,056
Other Expenses $27,200
TOTAL EXPENSES $37,398

Year-over-Year Comparison

2020 2019 Change
Revenue $65,074 $301,795 -0.8%
Expenses $37,398 $466,123 -0.9%
Net Income $27,676 $-164,328 -1.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
3
Employees
10
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
2
$5,289
Total Directors
5
$5,289
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID C GIBBS III PRESIDENT 4.00
Officer Director
$2,885 $0 $2,885
JONATHAN BAILIE TREASURER 5.00
Officer Director
$2,404 $0 $2,404
ROBERT A PARRIS DIRECTOR 0.00
Director
$0 $0 $0
MARK CAMPBELL DIRECTOR 0.00
Director
$0 $0 $0
MARK LEPER DIRECTOR 0.00
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
2020 $65,074 $37,398 No data $27,676
2019 $301,795 $466,123 $192,740 $-164,328
2018 $24,099 $434,532 $169,380 $-410,433
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