Grace House Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 202023995 ✦ Rockville, MD ✦ Designated as a 501(c)(3)

Overview

What is Grace House Inc?

Grace House Inc is a nonprofit organization situated in Rockville, Maryland, specifically at 11400 Rockville Pike STE 500. Their primary mission is to provide assisted living accommodation for low- and moderate-income elderly individuals who require support due to frailty. The organization strives to offer a secure and comfortable environment for its residents, ensuring they receive the necessary care and assistance.


Is Grace House Inc legitimate?

Grace House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grace House Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Grace House Inc?
Who is the CEO of Grace House Inc?
What is the revenue of Grace House Inc?
Who are the executives of Grace House Inc and what are their salaries?
Where can I find the form 990 for Grace House Inc?

Mission Statement of Grace House Inc

Grace House Inc, a nonprofit organization, is dedicated to providing an assisted living residence for low- and moderate-income frail elderly persons. This mission is carried out with the aim of offering a supportive environment for this vulnerable group, ensuring their needs are met with care and dignity. The residence serves as a shelter and a community for these individuals, providing them with the necessary assistance they require to live comfortably and independently. By focusing on low- and moderate-income frail elderly persons, Grace House Inc is committed to making quality care accessible to a broad section of society, ensuring that everyone has the opportunity to age with dignity and respect.

Impact

This information is meant to be a general summary of Grace House Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 1, 2024

Grace House Inc provides essential support and housing for low- and moderate-income frail elderly individuals in Rockville, MD. Their impact is evident in the improved quality of life and security they offer to this vulnerable population. By offering assisted living services tailored to the specific needs of the elderly, Grace House Inc ensures that these individuals have a safe and comfortable environment to live in. The organization's commitment to providing housing for those in need contributes significantly to the well-being of the community, fulfilling a crucial social need and improving the overall standard of living for the elderly residents they serve.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $-4,113
  • Program Service Revenue: $2,288,723
  • Gross Receipts: $2,484,919

    • Assets and Liabilities:
  • Total Assets: $4,068,494
  • Total Liabilities: $3,811,295
  • Net Assets: $257,199
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENT REVENUE - HOUSING

    Revenue

    $2,285,839

    OTHER HOUSING REVENUE

    Revenue

    $2,884

    Organization Details

    Founding Year

    2004

    Principal Officer

    Leila A Finucane

    Main Address

    11400 ROCKVILLE PIKE STE 505, ROCKVILLE, MD, 20852

    NTEE Category

    Code: L00 - Housing

    If you are a representative of Grace House Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.