Overview
What is Grace Network Of Martinsville & Henry Co?
Grace Network of Martinsville & Henry Co is a nonprofit organization situated in Martinsville, Virginia. Its primary mission is to aid the underprivileged residents of the area by providing essential life resources and referrals. The organization serves as a one-stop center, offering assistance with vital needs such as rent, utilities, mortgages, prescriptions, and home weatherization. Grace Network's dedicated team of volunteers works tirelessly to strengthen their community, having assisted 1,199 clients in need and spending a total of $212,499 on direct payments for utilities and other necessities. In 2021, the total program expenditure was $285,093. With a small team of only two employees, the nonprofit continues to make a significant impact in the lives of its local community members.
Official website here: www.gracenetworkmhc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Grace Network of Martinsville & Henry Co has achieved a notable score of 96%, indicating a strong performance in accountability and finance. This high rating is significant as it reflects the organization's commitment to transparency and effective management of its resources. The charity has earned full marks in key areas such as the independence of its board members and the presence of essential policies, which underscores a robust governance structure.
The organization demonstrates a commendable financial health with a program expense ratio of 90.35%, meaning that a substantial portion of its expenses directly support its programs. Additionally, the low liabilities to assets ratio of 12.24% suggests that the charity is managing its debt effectively, ensuring financial stability which is crucial for ongoing operations and program delivery.
While the data highlight many strengths, it's important to note that the overall rating is based solely on accountability and finance, with no additional beacons assessed. This focus could mean that other aspects, such as program impact or community engagement, are not evaluated within this rating, which could be a limitation for potential donors seeking a more comprehensive view of the organization's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Grace Network Of Martinsville & Henry Co legitimate?
Grace Network Of Martinsville & Henry Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grace Network Of Martinsville & Henry Co 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: $72,703
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.gracenetworkmhc.org
What is the mission statement of Grace Network Of Martinsville & Henry Co?
Grace Network, as a first-stop center, aims to assist underprivileged individuals by providing essential life needs and referrals. The organization operates with the help of compassionate volunteers, working towards strengthening their community. At this center, financial aid is directly provided to service providers for paying rent, utilities, mortgages, prescriptions, and home weatherization. In the recent year, 2,886 individuals sought assistance, and 1,199 of them received aid, amounting to $212,499. The total expenditure for the program was $285,093.
Official website here: www.gracenetworkmhc.org
Who is the CEO of Grace Network Of Martinsville & Henry Co?
Mary Nester is the Member of Grace Network Of Martinsville & Henry Co.
Official website here: www.gracenetworkmhc.org
What is the revenue of Grace Network Of Martinsville & Henry Co?
Grace Network Of Martinsville & Henry Co's revenue in 2023 was $590,877.
Official website here: www.gracenetworkmhc.org
Who are the executives of Grace Network Of Martinsville & Henry Co and what are their salaries?
The average compensation at Grace Network Of Martinsville & Henry Co during 2023 was $36,352. There are 2 employees and 455 volunteers at Grace Network Of Martinsville & Henry Co.
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Official website here: www.gracenetworkmhc.org
Where can I find the form 990 for Grace Network Of Martinsville & Henry Co?
Grace Network Of Martinsville & Henry Co's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.gracenetworkmhc.org
Learn more at the official website: www.gracenetworkmhc.org
Mission Statement of Grace Network Of Martinsville & Henry Co
Grace Network, a first-stop center of resources, plays a significant role in assisting the underprivileged residents of its community. Its mission is to provide essential life needs and referrals to these individuals, with the ultimate goal of building a stronger community. Volunteers, who are compassionate and dedicated, are at the heart of Grace Network's operations. They offer their services by directly paying for necessities such as rent, utilities, mortgages, prescriptions, and home weatherization. In the past year, the organization has assisted 2,886 clients, with 1,199 of them receiving financial aid worth $212,499. The total expenses for the program, which includes these direct payments and other operational costs, amounted to $285,093. Overall, Grace Network serves as a crucial resource for the underprivileged, offering them the support they need to navigate through challenging times and contribute to a stronger, more resilient community.
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Impact
July, 2024
Grace Network Of Martinsville & Henry Co directly impacts the community by providing essential assistance to the underprivileged residents of Martinsville and Henry County. Through their services, they have supported 1,199 individuals with a total of $212,499 in assistance for expenses such as rent, utilities, mortgages, prescriptions, and home weatherization. This assistance has helped improve the quality of life for those in need and has contributed to building a stronger community. The organization serves as a vital resource for those facing financial challenges, offering a lifeline of support and hope to those most vulnerable in the community.
This information is meant to be a general summary of Grace Network Of Martinsville & Henry Co. 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 2023.
- Investment Income: $3,097
- Gross Receipts: $631,861
Assets and Liabilities:
- Total Assets: $827,529
- Total Liabilities: $101,328
- Net Assets: $726,201
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Organization Details
Founding Year
2006
Phone
(276) 638-8500Principal Officer
Mary Nester
Main Address
P O Box 3902, Martinsville, VA, 241153902
Website
www.gracenetworkmhc.orgNTEE Category
Code: P80 - Human services
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