GRACE HOUSING NONPROFIT CORPORATION

EIN: 843302233 501(c)(3) Housing & Shelter

WAYLAND, MI

Total Revenue
$103,842
Total Expenses
$134,228
Total Assets
$955,372
Net Assets
$945,167
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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
2019
Legal Domicile
MI
Principal Officer
ROBERT DEPPE
Phone
2699291700
Tax Period
2024-01-01 to 2024-12-31

GRACE HOUSING NONPROFIT CORPORATION, founded in 2019, is a small nonprofit in the Housing & Shelter sector that reported $104K in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $134K exceeded revenue, resulting in a 29% operating deficit.

Mission

PROVIDING SUPPORTIVE HOUSING FOR PERSONS WITH DISABILITIES

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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 $46,474
Program Service Revenue $57,368
Investment Income $0
Other Revenue $0
TOTAL REVENUE $103,842

Expense Breakdown

Grants Paid $0
Salaries & Benefits $73,260
Fundraising Expenses $0
Program Expenses $127,293
Other Expenses $60,968
TOTAL EXPENSES $134,228

Year-over-Year Comparison

2024 2023 Change
Revenue $103,842 $212,856 -0.5%
Expenses $134,228 $227,762 -0.4%
Net Income $-30,386 $-14,906 +1.0%
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
3
Independent Members
3
Employees
4
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT DEPPE PRESIDENT 5.00
Officer Director
$0 $0 $0
CHERYL SMITH VICE PRESIDENT/SECRETARY 1.00
Officer Director
$0 $0 $0
MARCIA BRANDES TREASURER 1.00
Officer 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
2024 $103,842 $134,228 $955,372 $-30,386
2023 $212,856 $227,762 $978,773 $-14,906
2022 $965,708 $250,793 $998,672 $714,915
2021 $145,011 $79,067 $283,836 $65,944
2020 $3,325 $3,225 $209,600 $100
2019 $211,100 $1,600 $209,500 $209,500
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