Totals
- Total revenue
- $2,753,906
- Total expenses
- $552,599
- Contributions and grants received
- $2,637,691
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $116,215
- Total assets, end of year
- $36,515,334
- Total liabilities, end of year
- $26,007,033
- Net assets or fund balances, end of year
- $10,508,301
- Program services expenses (Part IX)
- $552,599
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $552,599
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$2,637,691
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $116,215
-
6c · Rental income or loss
real property $116,215 · personal property $0
-
6d · Net rental income or loss
total $116,215 · excluded $116,215
-
7c · Gain or loss
securities $0 · other assets $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $165,000 · program services $165,000
-
20 · Interest
total $60,477 · program services $60,477
-
22 · Depreciation, depletion and amortization
total $327,122 · program services $327,122
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $947,614 · end of year $1,699,586
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $11,697
-
10a · Land, buildings and equipment: cost or other basis
$30,959,657
-
10b · Land, buildings and equipment: accumulated depreciation
$327,122
-
10c · Land, buildings and equipment, net
beginning of year $20,270,551 · end of year $30,632,535
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $12,960,336 · end of year $4,183,213
-
17 · Accounts payable and accrued expenses
beginning of year $2,988,521 · end of year $2,442,497
-
22 · Loans and payables to officers and key people
end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $19,098,737 · end of year $19,126,080
-
25 · Other liabilities
beginning of year $3,795,946 · end of year $4,438,456
-
27 · Net assets without donor restrictions
beginning of year $8,306,994 · end of year $10,508,301
Mission and programs · 2023
Mission
THE MISSION OF GRACE HEALTH PROPERTIES, INC. IS TO ENHANCE THE REVITALIZATION OF UNDERSERVED COMMUNITIES IN SOUTHEASTERN KENTUCKY BY ACTIVELY FACILITATING GRACE COMMUNITY HEALTH CENTER'S RENTAL REQUIREMENTS AND ENSURING COMPLIANCE WITH THE NEW MARKET TAX CREDIT.
Activities or mission (Part I)
TO ENHANCE THE REVITALIZATION OF PROPERTIES WITHIN UNDERSERVED COMMUNITIES OF SE KY BY ACTIVELY FACILITATING GRACE COMMUNITY HEALTH CENTER'S RENTAL REQUIREMENTS AND TO ENSURE COMPLAINCE WITH NEW MARKET TAX CREDIT REQUIREMENTS.
-
GRACE HEALTH PROPERTIES, INC. IS THE LANDLORD OF RECORD FOR THE PROPERTY UTILIZED BY GRACE COMMUNITY HEALTH CENTER, INC. UNDER THE NEW MARKET TAX CREDIT PROGRAM.
Expenses $552,599
As filed on the 2023 return.
Listed in Part VII
-
Chad StevensCHAD STEVENS
CHIEF FINANCIAL OFFICER
- Total calculated
- $300,109
- From this org
- $0
- From related orgs
- $282,141
- Other
- $17,968
Schedule J breakdown matched by us
- Base
- $0 + $234,682 related
- Bonus
- $0 + $47,459 related
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $17,968 related
- Filer's total
- $0 + $300,109 related
-
Jeffrey CampbellJEFFREY CAMPBELL
CHIEF OPERATING OFFICER
- Total calculated
- $294,800
- From this org
- $0
- From related orgs
- $277,005
- Other
- $17,795
Schedule J breakdown matched by us
- Base
- $0 + $230,268 related
- Bonus
- $0 + $46,737 related
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $17,795 related
- Filer's total
- $0 + $294,800 related
-
Melvin ScarberryMELVIN SCARBERRY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Michael AddisonMICHAEL ADDISON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Paul TaylorPAUL TAYLOR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · First-class or charter travel
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
GRACE COMMUNITY HEALTH CENTER INC
501(c)(3) · HEALTHCARE · KY
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 23 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432679349301043
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