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Nonprofiteer
← GRACE MEDICAL HOME INC

Form 990 for tax year 2024

Filed by GRACE MEDICAL HOME INC.

Totals

Total revenue
$5,357,545
Total expenses
$5,601,380
Contributions and grants received
$5,040,273
Grants paid
$323,098
Program service revenue
$127,015
Investment income
$39,428
Other revenue
$150,829
Total assets, end of year
$3,020,430
Total liabilities, end of year
$167,592
Net assets or fund balances, end of year
$2,852,838
Program services expenses (Part IX)
$5,035,768
Management and general expenses
$250,259
Fundraising expenses
$315,353
Program service expenses (Part III)
$5,035,768

Program services were 89.9% 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.

  • 1a · Federated campaigns

    $80,777

  • 1c · Fundraising events

    $65,800

  • 1d · Related organizations

    $350,500

  • 1e · Government grants (contributions)

    $571,628

  • 1f · All other contributions, gifts and grants

    $3,971,568

  • 1g · Noncash contributions included above

    $891,165

  • 2a · Program service revenue: Facility fee

    total $127,015 · related or exempt $127,015

  • 3 · Investment income

    total $39,428 · excluded $39,428

  • 8a · Fundraising events: gross income

    $157,372

  • 8a · Fundraising events: contributions included on line 1c

    $65,800

  • 8b · Fundraising events: direct expenses

    $66,427

  • 8c · Net income from fundraising events

    total $90,945 · excluded $90,945

  • 11a · Other revenue: Other revenue

    total $59,884 · related or exempt $59,884

  • 11e · Other revenue, total

    $59,884

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $323,098 · program services $323,098

  • 5 · Compensation of officers, directors and key employees

    total $299,225 · program services $264,575 · management and general $17,325 · fundraising $17,325

  • 7 · Other salaries and wages

    total $2,367,418 · program services $2,053,177 · management and general $111,878 · fundraising $202,363

  • 9 · Other employee benefits

    total $280,861 · program services $240,725 · management and general $16,548 · fundraising $23,588

  • 10 · Payroll taxes

    total $184,610 · program services $160,093 · management and general $9,014 · fundraising $15,503

  • 11b · Fees: legal

    total $10,236 · program services $10,118 · management and general $118

  • 11c · Fees: accounting

    total $22,143 · management and general $22,143

  • 11e · Fees: professional fundraising services

    total $26,000 · fundraising $26,000

  • 11g · Fees: other

    total $103,820 · program services $99,006 · management and general $4,594 · fundraising $220

  • 12 · Advertising and promotion

    total $3,079 · program services $2,309 · management and general $462 · fundraising $308

  • 13 · Office expenses

    total $75,037 · program services $71,029 · management and general $4,008

  • 14 · Information technology

    total $230,924 · program services $219,569 · management and general $8,304 · fundraising $3,051

  • 16 · Occupancy

    total $78,379 · program services $68,910 · management and general $5,550 · fundraising $3,919

  • 17 · Travel

    total $19,965 · program services $18,079 · management and general $1,408 · fundraising $478

  • 22 · Depreciation, depletion and amortization

    total $74,036 · program services $64,411 · management and general $5,923 · fundraising $3,702

  • 23 · Insurance

    total $69,516 · program services $61,791 · management and general $6,193 · fundraising $1,532

  • 24a · Other expenses: Medical supplies

    total $1,257,904 · program services $1,257,904

  • 24b · Other expenses: Repairs & maintenance

    total $78,180 · program services $69,434 · management and general $5,102 · fundraising $3,644

  • 24c · Other expenses: Miscellaneous

    total $68,486 · program services $51,540 · management and general $16,174 · fundraising $772

  • 24d · Other expenses: Licenses & permits

    total $15,515 · management and general $15,515

  • 24e · All other expenses

    total $12,948 · fundraising $12,948

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $369,801 · end of year $540,844

  • 2 · Savings and temporary cash investments

    beginning of year $971,371 · end of year $854,918

  • 4 · Accounts receivable

    beginning of year $2,648 · end of year $20,262

  • 8 · Inventories for sale or use

    beginning of year $1,237,495 · end of year $990,806

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

    $570,066

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

    $337,294

  • 10c · Land, buildings and equipment, net

    beginning of year $287,160 · end of year $232,772

  • 12 · Investments: other securities

    beginning of year $250,000 · end of year $250,000

  • 15 · Other assets

    beginning of year $139,509 · end of year $130,828

  • 17 · Accounts payable and accrued expenses

    beginning of year $57,569 · end of year $53,797

  • 19 · Deferred revenue

    beginning of year $17,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $86,742 · end of year $113,795

  • 27 · Net assets without donor restrictions

    beginning of year $2,885,821 · end of year $2,560,981

  • 28 · Net assets with donor restrictions

    beginning of year $210,852 · end of year $291,857

Mission and programs · 2024

Mission

To be a medical home reflecting the heart of Christ by offering the highest level of health care to those in our community who need it most.

  • Grace Medical Home plays a crucial role in Central Florida's healthcare safety net by offering exceptional medical services to meet the holistic needs of low-income, uninsured individuals in the community. The Organization's patients include uninsured adults and children in Orange County who live at or below 225 percent of the Federal Poverty Level (FPL). Once enrolled, patients gain access to a comprehensive range of services, including primary and preventive care, in-house labs, digital x-ray, vaccinations, diabetes education, donated medications, and treatment for both acute and chronic illnesses. Additionally, the Organization provides on-site medical specialties such as cardiology, mental health counseling, dental care, endocrinology, ophthalmology, orthopedics, and more. What truly sets Grace Medical Home apart is the Organization's recognition at the local, state, and national levels for delivering this unparalleled level of care. The Organization's commitment to serving the underserved with comprehensive and compassionate healthcare has earned the Organization a distinguished reputation, making it a vital resource in the community.In 2024, the Organization transitioned to the Electronic Medical Record System after 13 years on the prior system. With this massive change, the Organization still served 1,258 unduplicated patients. These patients had more than 16,099 patient encounters, received more than $13,157,000 in value of care, including prescription medications obtained on behalf of specific patients or donated directly to the Organization's facility, and were offered 35 medical specialties on-site. The Organization's Mobile Medical Unit continues to go to underserved neighborhoods and had 338 patient visits on the unit, eliminating the transportation barrier that exists for 221 patients. Thanks to the 541 volunteers and staff, the Organization provided nearly 2,000 mental health visits, 1,775 dental visits, 651 social service visits, provided more than 600 spiritual care encounters, and distributed 2,125 food boxes to food-insecure patients.

    Expenses $5,035,768 · Grants $323,098 · Revenue $186,899

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Aitcheson

    Chair

    Total calculated
    $0
    Hours/week
    4 + 2 related
  • Christine Stewart

    Imm Past Chair/Gov Chair (End 12/24)

    Total calculated
    $0
    Hours/week
    2 + 1 related
  • Blake Hostetter

    Treasurer

    Total calculated
    $0
    Hours/week
    4 + 2 related
  • Michele Tynes Napier

    Recording Secretary

    Total calculated
    $0
    Hours/week
    2
  • Nick McKinney

    Vice Chair

    Total calculated
    $0
    Hours/week
    2
  • Dr Marvin Hardy

    Medical Director/Trustee

    Total calculated
    $125,929
    From this org
    $101,318
    From related orgs
    $0
    Other
    $24,611
    Hours/week
    34
  • Ashley Kelly

    Member at Large

    Total calculated
    $0
    Hours/week
    2
  • Paul Scheck

    Director

    Total calculated
    $0
    Hours/week
    2
  • W Bryce Hagedorn

    Director

    Total calculated
    $0
    Hours/week
    2
  • Bethany Goodman

    Director

    Total calculated
    $0
    Hours/week
    2
  • Yvonne Sweeney

    Director

    Total calculated
    $0
    Hours/week
    2
  • Sherry Magee

    Director

    Total calculated
    $0
    Hours/week
    2
  • Lisa Wong Shue

    Director (Began 1/24)

    Total calculated
    $0
    Hours/week
    2
  • Amanda Dukes

    Director (Began 1/24)

    Total calculated
    $0
    Hours/week
    2
  • Cathy Stankiewicz

    Director (Began 4/24)

    Total calculated
    $0
    Hours/week
    2
  • Ritsy Carpenter

    Director/Trustee

    Total calculated
    $0
    Hours/week
    2
  • Sheryl Moorehead

    Director (End 12/24)

    Total calculated
    $0
    Hours/week
    2
  • Dianna Morgan

    Director/Trustee

    Total calculated
    $0
    Hours/week
    2
  • Ricky Vescovacci

    Director (End 12/24)

    Total calculated
    $0
    Hours/week
    2
  • Marilyn King

    Director/Trustee

    Total calculated
    $0
    Hours/week
    2
  • Stephanie Garris

    CEO

    Total calculated
    $173,245
    From this org
    $142,415
    From related orgs
    $0
    Other
    $30,830
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $142,415
    Bonus
    $0
    Other
    $0
    Deferred
    $2,288
    Nontaxable benefits
    $28,542
    Filer's total
    $173,245
  • Sherry Brooks

    Medical Director

    Total calculated
    $140,374
    From this org
    $134,997
    From related orgs
    $0
    Other
    $5,377
    Hours/week
    30
  • Kirsten Carter

    Medical Director (Began 1/24)

    Total calculated
    $136,412
    From this org
    $117,996
    From related orgs
    $0
    Other
    $18,416
    Hours/week
    30
  • Lynn Ivanek

    Director of Philanthropy

    Total calculated
    $119,161
    From this org
    $102,449
    From related orgs
    $0
    Other
    $16,712
    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.

  • Grace Medical Home Foundation Inc

    501(c)(3) · Support of Grace Medical Home, Inc. · FL · controlled entity

    Directly controlled by Grace Medical Nominating Trust

  • GMH Property Holdings Inc

    501(c)(3) · Support of Grace Medical Home, Inc. · FL · controlled entity

    Directly controlled by Grace Medical Nominating Trust

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Grace Medical Nominating Trust

    T · Appointing and removing the filing Organization's board members · FL

Provenance

Return type
form_990
Tax year
2024
Filed
20 October 2025
IRS schema version
2024v5.2
Source object
202503049349302885

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