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Nonprofiteer
← GRACEWOOD INC

Form 990 for tax year 2023

Filed by GRACEWOOD INC.

Totals

Total revenue
$2,855,496
Total expenses
$5,698,887
Contributions and grants received
$2,770,701
Grants paid
$4,206,974
Program service revenue
$24,506
Investment income
$60,289
Other revenue
$0
Total assets, end of year
$3,097,825
Total liabilities, end of year
$145,854
Net assets or fund balances, end of year
$2,951,971
Program services expenses (Part IX)
$5,605,025
Management and general expenses
$9,105
Fundraising expenses
$84,757
Program service expenses (Part III)
$5,605,025

Program services were 98.4% 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

    $1,454,279

  • 1e · Government grants (contributions)

    $223,382

  • 1f · All other contributions, gifts and grants

    $1,093,040

  • 2a · Program service revenue: RESIDENT FEES

    total $24,506 · related or exempt $24,506

  • 3 · Investment income

    total $60,289 · excluded $60,289

  • 7a · Gross sales of assets other than inventory

    securities $799,894

  • 7b · Less cost or other basis and sales expenses

    securities $799,894

  • 7c · Gain or loss

    securities $0

  • 7d · Net gain or loss

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,206,974 · program services $4,206,974

  • 5 · Compensation of officers, directors and key employees

    total $137,814 · program services $128,988 · management and general $1,615 · fundraising $7,211

  • 7 · Other salaries and wages

    total $456,205 · program services $426,989 · management and general $5,345 · fundraising $23,871

  • 8 · Pension plan contributions

    total $7,015 · program services $6,473 · management and general $99 · fundraising $443

  • 9 · Other employee benefits

    total $110,052 · program services $101,548 · management and general $1,559 · fundraising $6,945

  • 10 · Payroll taxes

    total $44,832 · program services $42,169 · management and general $487 · fundraising $2,176

  • 11b · Fees: legal

    total $2,067 · program services $2,067

  • 11c · Fees: accounting

    total $10,237 · program services $10,237

  • 11g · Fees: other

    total $178,386 · program services $178,386

  • 12 · Advertising and promotion

    total $46,211 · program services $2,100 · fundraising $44,111

  • 13 · Office expenses

    total $28,205 · program services $28,205

  • 14 · Information technology

    total $51,847 · program services $51,847

  • 16 · Occupancy

    total $155,489 · program services $155,489

  • 17 · Travel

    total $16,375 · program services $16,375

  • 19 · Conferences, conventions and meetings

    total $9,166 · program services $9,166

  • 22 · Depreciation, depletion and amortization

    total $13,311 · program services $13,311

  • 23 · Insurance

    total $36,470 · program services $36,470

  • 24a · Other expenses: REPAIR & MAINTENANCE

    total $188,189 · program services $188,189

  • 24e · All other expenses

    total $42 · program services $42

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,970 · end of year $3,367

  • 2 · Savings and temporary cash investments

    beginning of year $972,612 · end of year $1,586,380

  • 3 · Pledges and grants receivable

    beginning of year $29,893 · end of year $290,488

  • 4 · Accounts receivable

    beginning of year -$1,185 · end of year $230,571

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,151 · end of year $30,263

  • 10a · Land, buildings and equipment: cost or other basis

    $508,798

  • 10b · Land, buildings and equipment: accumulated depreciation

    $361,536

  • 10c · Land, buildings and equipment, net

    beginning of year $3,689,279 · end of year $147,262

  • 11 · Investments: publicly traded securities

    beginning of year $13,254 · end of year $15,948

  • 12 · Investments: other securities

    beginning of year $1,695 · end of year $1,695

  • 15 · Other assets

    beginning of year $1,191,388 · end of year $791,851

  • 17 · Accounts payable and accrued expenses

    beginning of year $129,695 · end of year $145,854

  • 27 · Net assets without donor restrictions

    beginning of year $5,388,278 · end of year $2,578,420

  • 28 · Net assets with donor restrictions

    beginning of year $407,084 · end of year $373,551

Mission and programs · 2023

Mission

GRACEWOOD RESCUES CHILDREN AND THEIR SINGLE MOTHERS, ENSURING A BRIGHT FUTURE BY PROVIDING HOME, HOPE, AND HEALING.

Activities or mission (Part I)

TO RESCUE CHILDREN AND THEIR SINGLE MOTHERS, ENSURING A BRIGHT FUTURE BY PROVIDING HOME, HOPE, AND HEALING.

  • GRACEWOOD IS A TRANSITIONAL HOUSING MINISTRY THAT DELIVERS TRAUMA-INFORMED SERVICES TO VULNERABLE HOUSTON CHILDREN AND THEIR SINGLE MOTHERS INCLUDING HOUSING, CASE MANAGEMENT, MENTORING, EDUCATIONAL SUPPORT, LIFE SKILLS & PARENTING TRAINING, FINANCIAL PLANNING, AND FINANCIAL ASSISTANCE WITH CHILDCARE AND TANGIBLE NEEDS. THE HOUSING AND SUPPORTIVE SERVICES STABILIZE FAMILIES SO MOTHERS CAN COMPLETE GOALS THAT INCREASE THE FAMILY'S RESILIENCY AND LONG-TERM SUSTAINABILITY. THE MINISTRY ALSO DELIVERS NO-COST TRAUMA-INFORMED COUNSELING AND PARENTING TRAINING TO ADDRESS TRAUMA-BASED BEHAVIORS IN ORDER TO INCREASE THE FAMILY'S PHYSICAL AND EMOTIONAL WELL-BEING; TO IMPROVE THEIR ABILITY TO DEVELOP AND MAINTAIN HEALTHY RELATIONSHIPS; AND TO BREAK THE CYCLE OF FAMILY INSTABILITY.

    Expenses $5,605,025 · Grants $4,206,974 · Revenue $24,506

As filed on the 2023 return.

Listed in Part VII

  • JIM MEYERHOFF

    CHAIR & TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TODD ROBERSON

    VICE CHAIR &TRUSTEE

    Total calculated
    $290,154
    From this org
    $0
    From related orgs
    $245,177
    Other
    $44,977
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $241,652 related
    Bonus
    $0
    Other
    $0 + $3,525 related
    Deferred
    $0 + $23,214 related
    Nontaxable benefits
    $0 + $21,763 related
    Filer's total
    $0 + $290,154 related

  • BETH BLACK

    SECRETARY & TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARY ANN BALOCK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LORRAINE HIBBERT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHANTERA CHATMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • LORRAINE HIBBERT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KELLY RALEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • BARBARA KIRK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KATHY KRONZER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GREGORY MCAULEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DANA MUNOZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KEVIN MURPHY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARY STONE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HANSON YATES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBBIE FIELDER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • VINICIA WHITE

    PRESIDENT

    Total calculated
    $137,814
    From this org
    $118,434
    From related orgs
    $0
    Other
    $19,380
    Hours/week
    40

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

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202403179349303195

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