Overview
What is Grace Place Ministry Inc?
Grace Place Ministry Inc, based in Hendersonville, Tennessee, is a nonprofit organization that focuses on empowering impoverished single mothers and their children towards building healthy, safe, and independent lives within their local community. Their primary mission involves providing shelter, safety, and addressing the physical needs of participating families. Upon entering the shelter, families are offered food, toiletries, household supplies, and a secure living environment. Currently, up to 5 families can reside in the shelter at a time. Grace Place Ministry Inc also offers a graduate program, supporting an additional 3 families for an additional year after completing the program. The organization employs a team of 14 individuals in its mission to uplift and support families in need.
Official website here: www.graceplaceministryinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
Grace Place Ministry Inc has received a Two-Star rating from Charity Navigator, indicating room for improvement in its accountability and finance practices. While the organization boasts a solid Program Expense Ratio of 75.02% and a high percentage of independent board members (91%), it lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention policy, which are crucial for transparency and governance.
On the positive side, the organization shows strong performance in community engagement and feedback utilization, scoring 100 in both categories. The majority of its board consists of independent members, which helps ensure oversight. However, the absence of certain governance policies may raise concerns about its operational integrity and long-term sustainability. Overall, while Grace Place Ministry Inc has strengths in community culture and program efficiency, enhancements in governance practices are needed to improve its overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Grace Place Ministry Inc legitimate?
Grace Place Ministry Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grace Place Ministry 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: $94,036
Professional Fundraising Fees: $0
Other Salaries and Wages: $261,826
For more financial information, click here
Official website here: www.graceplaceministryinc.org
What is the mission statement of Grace Place Ministry Inc?
Grace Place Ministry Inc's mission is centered around empowering impoverished single mothers and their children, encouraging them to build healthy, safe, and independent lives within their local community. The organization's efforts are geared towards providing essential support, including shelter, safety, and addressing their families' basic needs. Upon entry into the shelter, families are provided with food, hygiene products, household supplies, and a secure living environment. Currently, up to five families can reside in the shelter at a time. The ministry also offers a graduate program, which extends support to an additional three families for an additional year after they complete the initial program.
Official website here: www.graceplaceministryinc.org
What is the revenue of Grace Place Ministry Inc?
Grace Place Ministry Inc's revenue in 2023 was $2,221,364.
Official website here: www.graceplaceministryinc.org
Who are the executives of Grace Place Ministry Inc and what are their salaries?
The average compensation at Grace Place Ministry Inc during 2023 was $39,540. There are 9 employees at Grace Place Ministry Inc.
Here are 12 key members and their salaries:
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Official website here: www.graceplaceministryinc.org
Where can I find the form 990 for Grace Place Ministry Inc?
Grace Place Ministry Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.graceplaceministryinc.org
Learn more at the official website: www.graceplaceministryinc.org
Mission Statement of Grace Place Ministry Inc
Grace Place Ministry Inc is dedicated to empowering impoverished single mothers and their children, enabling them to build healthy, safe, and independent lives within their local community. The organization's mission is twofold: it aims to provide support and resources for families in need, and it seeks to help them become self-sufficient and independent.
Upon entering Grace Place Ministry Inc's shelter, families are provided with essential living necessities, including food, toiletries, and household supplies. The shelter also offers a safe living environment for up to five families at a time. Once families complete the program, they are supported for an additional year through Grace Place Ministry Inc's graduate program.
In essence, Grace Place Ministry Inc is committed to helping impoverished single mothers and their children break the cycle of poverty and achieve a brighter, more independent future. By providing a safe living environment, essential resources, and ongoing support, the organization empowers families to build a foundation for a healthier, more stable life.
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Impact
July, 2024
Grace Place Ministry Inc has a significant impact on empowering impoverished single mothers and their children in Hendersonville, TN. By providing shelter, safety, and meeting the physical needs of participating families, Grace Place Ministry Inc offers a crucial support system for those in need. The shelter not only provides essentials such as food, toiletries, and household supplies but also ensures a safe living environment for up to five families at a time. Moreover, the graduate program supports three families for an additional year after completing the program, further assisting them in transitioning towards independence. This organization's dedication to empowering families to develop healthy and safe lives in the local community is commendable and truly makes a difference in the lives of those they serve.
This information is meant to be a general summary of Grace Place Ministry 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 2023.
- Investment Income: $172,592
- Gross Receipts: $2,417,134
Assets and Liabilities:
- Total Assets: $3,954,858
- Total Liabilities: $1,375,868
- Net Assets: $2,578,990
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Organization Details
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