GRACE IN ACTION INCORPORATED

EIN: 843073034 501(c)(3) Housing & Shelter

WASHINGTON, DC

Total Revenue
$76,866
Total Expenses
$47,029
Total Assets
$781,000
Net Assets
$505,333
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
DC
Principal Officer
DAVID FORSYTHE
Phone
2025461000
Tax Period
2024-01-01 to 2024-12-31

GRACE IN ACTION INCORPORATED, founded in 2019, is a micro nonprofit in the Housing & Shelter sector that reported $77K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $30K, a strong 39% operating margin.

Mission

OUR MISSION IS TO PROVIDE HOUSING AS A FIRST STEP TOWARD REBUILDING SECURITY, SAFETY AND DIGNITY FOR OUR UNHOUSED NEIGHBORS IN THE SOUTHEAST QUADRANT OF WASHINGTON, DC. AT GRACE IN ACTION, WE BELIEVE IN HOUSING FIRST AS IT PROVIDES FOR THE BASIC SAFETY AND SURVIVAL NEEDS FOR THOSE WHO ARE AT RISK. WE BELIEVE THAT HOUSING SECURITY MUST BE ATTENDED TO PRIOR TO ADDRESSING NEEDS FOR EDUCATIONAL DEVELOPMENT, INCREASING WAGES AND EMPLOYMENT OPPORTUNITIES, ADDRESSING ADDICTION CHALLENGES, IMPROVING PHYSICAL AND MENTAL HEALTH CARE, AND ADDRESSING OTHER SOCIAL CONCERNS. ALL OF THESE PROBLEMS ARISE FROM FAILED OR INADEQUATE ECONOMIC AND POLITICAL INSTITUTIONS AND POLICIES THAT MARGINALIZE THOSE WITH THE FEWEST RESOURCES AND CAPABILITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $36,302
Program Service Revenue $33,685
Investment Income $6,879
Other Revenue $0
TOTAL REVENUE $76,866

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $44,971
Other Expenses $47,029
TOTAL EXPENSES $47,029

Year-over-Year Comparison

2024 2023 Change
Revenue $76,866 $52,295 +0.5%
Expenses $47,029 $58,266 -0.2%
Net Income $29,837 $-5,971 -6.0%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAM MARULLO PROGRAM DIRE N/A
Director
$0 $0 $0
TAMARA ROUNDTREE BOARD MEMBER N/A
Director
$0 $0 $0
DEBORAH STEVENSON BOARD MEMBER N/A
Director
$0 $0 $0
REV STEPHANIE VADER EX OFFICIO M N/A
Director
$0 $0 $0
MARGO COLLINS PRESIDENT N/A
Officer
$0 $0 $0
KELLY DELOACH SECRETARY N/A
Officer
$0 $0 $0
DAVID FORSYTHE TREASURER N/A
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
2024 $76,866 $47,029 $781,000 $29,837
2023 $52,295 $58,266 $758,274 $-5,971
2022 $63,865 $38,937 $771,597 $24,928
2021 $445,168 $4,449 $749,939 $440,719
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