GRACE - GIVING AND RECEIVING ASSISTANCE FOR OUR COMMUNITY'S ESSENTIALS INC

EIN: 851144186 501(c)(3) Food, Agriculture & Nutrition

SUMMIT, NJ

Total Revenue
$557,055
Total Expenses
$436,407
Total Assets
$907,305
Net Assets
$892,358
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
NJ
Principal Officer
BRIAN ANGLE
Phone
9082594744
Tax Period
2024-01-01 to 2024-12-31

GRACE - GIVING AND RECEIVING ASSISTANCE FOR OUR COMMUNITY'S ESSENTIALS INC, founded in 2020, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $557K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $121K, a strong 22% operating margin.

Mission

GRACE MEETS COMMUNITY NEEDS WITH COMMUNITY RESOURCES TO ENABLE THE GOOD HEALTH AND SUCCESS OF OUR VULNERABLE AND UNDERSERVED NEIGHBORS.GRACE - GIVING AND RECIEVING ASSISTANCE FOR OUR COMMUNITY'S ESSENTIALS INC. ITS SPECIFIC PURPOSE IS TO MEET THE BASIC NEEDS OF UNDERSERVED INDIVIDUALS AND THEIR FAMILIES IN SUMMIT, NJ AND THE SURROUNDING COMMUNITIES WITH HOUSEHOLD ITEMS, FOOD, EDUCATION, REFERRALS, AND COMMUNITY SUPPORT.

Program Service Accomplishments

Program 1
Expenses: $334,938

WEEKLY DISTRIBUTION:A WEEKLY FOOD PANTRY WHERE WE DISTRIBUTE FRESH, NUTRIENT-DENSE FOODS SUCH AS FRUITS, VEGETABLES, MILK, EGGS, BREAD, PROTEIN AS WELL AS SHELF-STABLE FOODS.IN ADDITION WE PROVIDE...

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WEEKLY DISTRIBUTION:A WEEKLY FOOD PANTRY WHERE WE DISTRIBUTE FRESH, NUTRIENT-DENSE FOODS SUCH AS FRUITS, VEGETABLES, MILK, EGGS, BREAD, PROTEIN AS WELL AS SHELF-STABLE FOODS.IN ADDITION WE PROVIDE ESSENTIAL ITEMS: TOILET PAPER, DIAPERS AND WIPES, PERIOD PRODUCTS, LAUNDRY DETERGENT, HYGIENE SUPPLIES, AND SOCKS. THROUGHOUT THE YEAR GRACE PROVIDES ESSENTIAL SEASONAL ITEMS: WINTER COATS, GLOVES AND HATS, COSTUMES FOR HALLOWEEN CELEBRATIONS, BACKPACKS,AND SCHOOL SUPPLIES, HOUSEHOLD ITEMS, CARSEATSAND BABY SUPPLY, BOARD GAMES AND GIFTS FOR THE HOLIDAY SEASON.

Program 2
Expenses: $1,890

PERSONAL ENRICHMENT, HEALTH AWARENESS AND MEDICAL CARE EVENTS:WE LEVERAGE OUR RELATIONSHIP WITH LOCAL INSTITUTIONS WHO OFFER MEDICAL SCREENINGS AND FOLLOW-UP CARE, PREVENTATIVE MEDICINE WITH...

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PERSONAL ENRICHMENT, HEALTH AWARENESS AND MEDICAL CARE EVENTS:WE LEVERAGE OUR RELATIONSHIP WITH LOCAL INSTITUTIONS WHO OFFER MEDICAL SCREENINGS AND FOLLOW-UP CARE, PREVENTATIVE MEDICINE WITH APPROPRIATE VACCINATIONS, ADULT AND PEDIATRIC DENTAL SCREENINGS AND CARE, CAREER GUIDANCE, BENEFITS ASSISTANCE, AND ARTS AND FITNESS ENRICHMENT PROGRAMS.

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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 $522,685
Program Service Revenue $0
Investment Income $29,075
Other Revenue $5,295
TOTAL REVENUE $557,055

Expense Breakdown

Grants Paid $0
Salaries & Benefits $107,521
Fundraising Expenses $61,104
Program Expenses $336,828
Other Expenses $328,886
TOTAL EXPENSES $436,407

Year-over-Year Comparison

2024 2023 Change
Revenue $557,055 $457,323 +0.2%
Expenses $436,407 $263,130 +0.7%
Net Income $120,648 $194,193 -0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
4
Volunteers
300

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
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMANDA PARRISH BLOCK FOUNDER 30.00
Officer Director
$0 $0 $0
APOLLO HREHOROVICH PRESIDENT 10.00
Officer Director
$0 $0 $0
BRIAN ANGLE TREASURER 10.00
Officer Director
$0 $0 $0
CHRISTINE SEMCER SECRETARY 10.00
Officer Director
$0 $0 $0
LILLIAN CHERN BOARD MEMBER 10.00
Director
$0 $0 $0
ANDREA CASERTA BOARD MEMBER 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
2024 $557,055 $436,407 $907,305 $120,648
2023 $457,323 $263,130 $764,075 $194,193
2022 $359,305 $240,982 $548,378 $118,323
2021 $254,883 $168,844 $445,125 $86,039
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