Overview
What is Gracemont House Inc?
Gracemont House Inc is a nonprofit organization, headquartered at 21059 Blair Road, Conroe, Texas 77385. Their primary mission is to provide housing and essential services for 14 individuals with developmental disabilities and handicaps. The organization operates the Gracemont House Apartments, which are designed to cater to their physical, social, and psychological needs. With a small team of one employee, Gracemont House Inc works diligently to ensure the well-being and comfort of its residents, providing them with a safe and supportive living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star rating.
Gracemont House Inc has received a solid rating of 87%, reflecting strong performance in accountability and finance. This score is significant as it indicates a high level of transparency and ethical governance, where the organization meets the criteria for a fully independent board and has no material diversion of assets. The nonprofit demonstrates effective financial management with a low liabilities-to-assets ratio, ensuring a stable financial foundation.
The organization excels particularly in its program expenses, with nearly 89% of its budget allocated directly to its programs. This efficiency suggests a strong commitment to delivering services rather than administrative costs, which is a positive indicator for potential donors looking for impactful charities. The presence of a whistleblower policy and a structured document retention process further highlights its dedication to accountability.
While the rating is commendable, potential supporters may want to consider the size of the board, consisting of only three independent members. This smaller board size may limit diverse perspectives in decision-making. However, overall, Gracemont House Inc shows a strong commitment to its mission and effective financial practices, making it a promising option for donors.
This AI summary has been generated from information found on Charity Navigator.
Is Gracemont House Inc legitimate?
Gracemont House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gracemont 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,296
For more financial information, click here
What is the mission statement of Gracemont House Inc?
Gracemont House Inc is committed to owning and operating an apartment project, housing 14 individuals with developmental disabilities and handicapped persons. The primary objective is to provide services tailored to meet their physical, social, and psychological needs. The organization aims to offer a supportive living environment, ensuring the well-being and care of these individuals. The mission of Gracemont House Inc is centered around creating a home where individuals with developmental disabilities and handicaps can live with dignity and receive the necessary assistance to lead fulfilling lives.
What is the revenue of Gracemont House Inc?
Gracemont House Inc's revenue in 2024 was $102,050.
Who are the executives of Gracemont House Inc and what are their salaries?
The average compensation at Gracemont House Inc during 2024 was $21,296. There is 1 employee at Gracemont House Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $101,492
- Other: $17,567
- Compensation: $0
- Related: $133,922
- Other: $17,567
Where can I find the form 990 for Gracemont House Inc?
Gracemont House Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Gracemont House Inc
Gracemont House Inc is an organization dedicated to providing a residential project for 14 individuals with developmental disabilities and handicaps. Their mission is twofold: firstly, they aim to operate this apartment project, and secondly, they strive to provide services tailored to meet the physical, social, and psychological needs of these individuals. Gracemont House Inc's commitment extends beyond just housing, as they are deeply invested in ensuring the overall well-being of their residents, addressing their various needs comprehensively.
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Impact
October, 2024
Gracemont House Inc plays a crucial role in enhancing the quality of life for developmentally disabled individuals and handicapped persons in Conroe, Texas. By owning and operating a specialized apartment project with 14 units, it provides much-needed housing tailored to meet the unique needs of its residents.
The organization not only offers a safe and supportive living environment but also focuses on delivering essential services that address the physical, social, and psychological needs of the individuals it serves. This holistic approach fosters community integration and independence among residents, positively impacting their overall well-being and personal growth. Gracemont House Inc exemplifies the importance of inclusive housing solutions that empower some of the most vulnerable members of society.
This information is meant to be a general summary of Gracemont House 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 2024.
- Investment Income: $726
- Program Service Revenue: $100,466
- Gross Receipts: $102,370
Assets and Liabilities:
- Total Assets: $1,104,147
- Total Liabilities: $6,785
- Net Assets: $1,097,362
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD SUBSIDY
Revenue
$61,792
RENT INCOME
Revenue
$37,375
TENANT CHARGES
Revenue
$1,299
Organization Details
Founding Year
2007
Principal Officer
Homer Allison
NTEE Category
Code: L21 - Housing
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