Overview
What is Gracewood Inc?
Gracewood Inc is a compassionate nonprofit organization based in Round Rock, Texas, with a mission to offer a brighter future to vulnerable children and their single mothers. Through its transitional housing ministry, it delivers trauma-informed services, including housing, case management, education support, life skills and parenting training, financial planning, and assistance with childcare and essential needs. These services aim to stabilize families, enabling mothers to accomplish their goals, thereby enhancing the family's resilience and long-term sustainability. Gracewood Inc also provides no-cost trauma-informed counseling and parenting training to address behavioral issues, ultimately promoting the family's physical and emotional well-being, and fostering healthier relationships. With a dedicated team of 14 employees, Gracewood Inc stands as a beacon of hope, ensuring a pathway to healing and stability for those in need.
Official website here: www.gracewood.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Gracewood Inc has achieved an impressive 97% rating from Charity Navigator, signifying strong performance in accountability and finance. The overall score is derived solely from the Accountability & Finance beacon, indicating robust financial practices. The organization boasts a fully independent board with 93% of its members being independent, which enhances its governance and decision-making processes.
The nonprofit excels in several key areas, including a perfect score for its audit and oversight committee, as well as its commitment to transparency with policies such as conflict of interest and whistleblower protections clearly documented. Its financial efficiency is notable, with a program expense ratio of 95.41% and an exceptionally low fundraising efficiency cost of just $0.03, suggesting that the organization maximizes the impact of donations received.
While the data reflects a strong overall performance, potential donors should still consider their own research and personal priorities when evaluating the organization. Overall, the high rating indicates that Gracewood Inc is a well-managed nonprofit with a commitment to accountability and effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Gracewood Inc?
90% of reviewers on Facebook recommend Gracewood Inc. Here is a summary of their reviews:
The sentiments expressed highlight a deeply positive view of the organization, emphasizing the compassion of the staff and the supportive community fostered by volunteers and donors. Many describe Gracewood as a beautiful ministry dedicated to helping mothers and their children regain independence and self-identity.
Overall, there is strong appreciation for the services offered, with many individuals expressing gratitude for the positive impact it has on the lives of families. The commitment to personal growth and support shines through in the reviews, showcasing Gracewood Inc. as a valuable resource for those in need.
This AI summary has been generated from reviews found on Facebook.
Is Gracewood Inc legitimate?
Gracewood Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gracewood 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: $133,492
Professional Fundraising Fees: $0
Other Salaries and Wages: $469,045
For more financial information, click here
Official website here: www.gracewood.org
What is the mission statement of Gracewood Inc?
Gracewood Inc's mission is centered around rescuing children and their single mothers, aiming to provide them with a promising future. They accomplish this by offering a safe living environment, hope, and healing. Their services include housing, case management, mentoring, educational support, life skills and parenting training, financial planning, and financial assistance with childcare and essential needs. These offerings help stabilize families, allowing mothers to achieve personal goals that strengthen the family's resilience and long-term sustainability. Gracewood Inc also provides no-cost trauma-informed counseling and parenting training to address trauma-related behaviors, ultimately enhancing the family's physical and emotional well-being, improving their capacity to build and maintain healthy relationships, and helping break the cycle of family instability.
Official website here: www.gracewood.org
Who is the CEO of Gracewood Inc?
Vinicia White is the Chair & Trustee of Gracewood Inc.
Official website here: www.gracewood.org
What is the revenue of Gracewood Inc?
Gracewood Inc's revenue in 2022 was $2,356,840.
Official website here: www.gracewood.org
Who are the executives of Gracewood Inc and what are their salaries?
The average compensation at Gracewood Inc during 2022 was $43,038. There are 14 employees and 1150 volunteers at Gracewood Inc.
Here are 16 key members and their salaries:
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- Compensation: $118,151
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- Other: $15,341
Official website here: www.gracewood.org
Where can I find the form 990 for Gracewood Inc?
Gracewood Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gracewood.org
Learn more at the official website: www.gracewood.org
Mission Statement of Gracewood Inc
Gracewood Inc, a nonprofit organization, is dedicated to rescuing children and their single mothers, ensuring a bright future for them. Through its mission, Gracewood provides a safe haven, instilling hope and healing. The organization offers transitional housing services to vulnerable Houston children and their mothers, equipping them with the necessary tools for stability and long-term sustainability. This includes housing, case management, mentoring, educational support, life skills and parenting training, financial planning, and financial assistance with childcare and tangible needs.
Beyond housing, Gracewood delivers trauma-informed counseling and parenting training to address trauma-based behaviors. This is crucial in improving the family's physical and emotional well-being, enhancing their ability to develop and maintain healthy relationships, and ultimately breaking the cycle of family instability. By providing comprehensive support and care, Gracewood Inc aims to empower these families, giving them the tools they need to build a brighter, more stable future.
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Impact
October, 2024
Gracewood Inc has a profound impact on vulnerable families in Houston by providing comprehensive support tailored specifically for children and their single mothers. Through its transitional housing program, Gracewood offers stability in the form of safe, secure living environments, which is crucial for families facing displacement or hardship.
The organization enhances this housing support with trauma-informed services, including case management, mentoring, and educational resources. By equipping mothers with life skills, parenting training, and financial planning assistance, Gracewood empowers them to achieve their personal and familial goals, fostering resilience and promoting long-term sustainability.
Moreover, Gracewood addresses emotional and psychological challenges by providing no-cost trauma-informed counseling. This service not only helps families heal from past traumas, but also improves their ability to cultivate and maintain healthy relationships, breaking cycles of family instability. Ultimately, Gracewood Inc’s efforts create a pathway towards hope and healing, ensuring that families can build brighter futures together.
This information is meant to be a general summary of Gracewood 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: $35,966
- Program Service Revenue: $40,943
- Gross Receipts: $2,897,807
Assets and Liabilities:
- Total Assets: $5,925,057
- Total Liabilities: $129,695
- Net Assets: $5,795,362
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT FEES
Revenue
$40,943
Organization Details
Founding Year
2001
Phone
(512) 255-3668Principal Officer
Vinicia White
Main Address
1301 N MAYS, ROUND ROCK, TX, 78664
Website
www.gracewood.orgNTEE Category
Code: L41 - Housing
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