Overview
What is Grace Commons Inc?
Grace Commons Inc is a nonprofit organization situated in Santa Cruz, California, that is dedicated to serving the community by offering affordable housing options to individuals with limited income. Its primary mission is to provide low-income housing, ensuring that those in need have a secure and comfortable living space. The organization's commitment to this mission is clearly reflected in its description.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Grace Commons Inc has received a solid Three-Star rating from Charity Navigator, indicating a fair level of accountability and financial health. The organization scored particularly well in areas such as board independence and governance practices, achieving full points for having a majority of independent board members and a well-structured conflict of interest policy. This demonstrates a commitment to transparency and ethical management.
The program expense ratio is impressive at 92.29%, suggesting that a significant portion of expenditures is directed towards its programs rather than administrative costs. However, the organization faces a challenge with a liabilities to assets ratio of 82.68%, which may indicate a reliance on debt or financial strain. This aspect could raise concerns regarding long-term sustainability.
Overall, while Grace Commons Inc shows strong governance and a high commitment to its mission through program expenses, the financial metrics suggest a need for careful financial management to ensure future stability. These factors should be considered by potential donors and stakeholders when evaluating the organization's overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Grace Commons Inc legitimate?
Grace Commons Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grace Commons 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.
Heare 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 Commons Inc?
Grace Commons Inc's mission is centered around providing affordable housing for individuals with limited income. As a public housing facility, its primary objective is to offer a living space for those in need, contributing to a more inclusive and equitable community. By offering low-income housing, Grace Commons Inc plays a crucial role in ensuring that everyone has access to a place to call home, regardless of their financial situation. The organization's mission is carried out diligently, providing a vital service in the housing sector.
Who is the CEO of Grace Commons Inc?
Monica Martinez is the Chairperson of Grace Commons Inc.
What is the revenue of Grace Commons Inc?
Grace Commons Inc's revenue in 2022 was $171,835.
Who are the executives of Grace Commons Inc and what are their salaries?
There 4 volunteers at Grace Commons Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Grace Commons Inc?
Grace Commons Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Grace Commons Inc
Grace Commons Inc, as a nonprofit organization, is devoted to providing low-income housing. With a strong commitment to this mission, Grace Commons works tirelessly to offer housing solutions for individuals and families who may not otherwise have access to such resources. By providing low-income housing, Grace Commons contributes to the well-being and stability of its community, offering a critical service that can significantly impact people's lives. The organization's mission is not just about providing a place to live, but about creating a safe and supportive environment where individuals and families can focus on other aspects of their lives, such as education, employment, and personal growth.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Grace Commons Inc plays a crucial role in the community by providing low-income housing in Santa Cruz, CA. The facility addresses the pressing need for affordable housing options in an area where such resources are often scarce. By offering a supportive and stable living environment, Grace Commons fosters a sense of community and belonging for its residents. This impact extends beyond mere shelter, as it contributes to improved quality of life, access to resources, and overall well-being for those who might otherwise struggle to find secure housing. The mission of Grace Commons to support individuals and families in need is vital in creating a more inclusive and equitable living space in Santa Cruz.
This information is meant to be a general summary of Grace Commons Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $93
- Program Service Revenue: $46,031
- Gross Receipts: $171,835
Assets and Liabilities:
- Total Assets: $2,939,813
- Total Liabilities: $2,295,315
- Net Assets: $644,498
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING
Revenue
$46,031
Organization Details
Founding Year
2005
Phone
(831) 469-1700Principal Officer
Monica Martinez
Main Address
380 ENCINAL STREET 200, SANTA CRUZ, CA, 95060
NTEE Category
Code: L22 - Housing
If you are a representative of Grace Commons 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.