Overview
What is Grace House Ministries Inc?
Grace House Ministries Inc, located in Weatherford, Texas, is a nonprofit organization dedicated to supporting new parents and their children. They provide a nurturing environment where local professionals offer counseling, mentoring, and guidance to help individuals become better parents. The organization offers parenting and birth classes, as well as various life skills courses. Attendees can earn credits to purchase essential items, such as clothing, baby equipment, and supplies, from the on-site boutique. In 2021, their program assisted 391 individuals. With a workforce of 17 employees, Grace House Ministries Inc is committed to empowering and supporting new families.
Official website here: www.ghmtx.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (67%, Two-Star out of Four Star rating)
Grace House Ministries Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement. The organization demonstrates strong governance with 100% independent board members and a solid record of no material diversion of assets. However, it has shortcomings in key areas such as missing whistleblower and document retention policies, which could affect transparency and accountability.
Financially, the organization shows a program expense ratio of 62.16%, which is a decent commitment to its programs but falls short of the higher benchmarks seen in top-rated nonprofits. The liabilities to assets ratio is low at 2.29%, suggesting a stable financial position. However, the overall accountability and finance score of 67 reflects these areas of concern that warrant attention.
In summary, while Grace House Ministries Inc exhibits a strong governance structure, it needs to address the identified policy gaps to enhance its operational transparency. Improving program expense allocation and strengthening its financial practices will be essential for the organization to improve its rating and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Grace House Ministries Inc legitimate?
Grace House Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grace House Ministries 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: $477,675
For more financial information, click here
Official website here: www.ghmtx.com
What is the mission statement of Grace House Ministries Inc?
Grace House Ministries Inc's mission is centered around offering counseling and benevolent assistance to new parents and their children. Through their work, they create a nurturing environment that educates parents on effective parenting techniques. Local experts provide guidance and mentorship, helping parents improve their parenting skills. Grace House offers various classes, including parenting and birth sessions, as well as life skills workshops. Attendees can earn credits by participating in these classes, which can be redeemed for essential items at the organization's boutique, such as clothing, baby equipment, and diapers. In total, 391 individuals benefited from these services.
Official website here: www.ghmtx.com
What is the revenue of Grace House Ministries Inc?
Grace House Ministries Inc's revenue in 2023 was $1,151,184.
Official website here: www.ghmtx.com
Who are the executives of Grace House Ministries Inc and what are their salaries?
The average compensation at Grace House Ministries Inc during 2023 was $28,099. There are 17 employees and 75 volunteers at Grace House Ministries Inc.
Here are 6 key members and their salaries:
- Compensation: $63,775
- Related: $0
- Other: $1,972
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ghmtx.com
Where can I find the form 990 for Grace House Ministries Inc?
Grace House Ministries Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ghmtx.com
Learn more at the official website: www.ghmtx.com
Mission Statement of Grace House Ministries Inc
Grace House Ministries Inc is dedicated to providing counseling and benevolent assistance to new parents and their children. Their mission is to create a nurturing environment where expectant parents can learn essential parenting skills. Professionals, mentors, and guides are all part of this supportive setup, helping students become more capable and responsible parents. The organization offers a range of classes, including parenting and birth education, as well as life skills instruction. This unique approach enables participants to earn credit that can be redeemed for necessary items at the center's boutique, such as clothing, diapers, formula, and toys. In total, 391 individuals have benefited from this program, demonstrating the impact and effectiveness of Grace House Ministries Inc's mission.
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Impact
July, 2024
Grace House Ministries Inc in Weatherford, TX has a profound impact on the community by providing counseling and benevolent assistance to new parents and their children. Grace House Pregnancy Center offers a supportive environment for individuals to learn essential parenting skills. Local professionals teach, mentor, and guide students to become better parents through parenting and birth classes, as well as life skills classes. Attendees also have the opportunity to earn credits to purchase essential items at the boutique, such as clothing, shoes, baby equipment, diapers, formula, and toys. A total of 391 people have benefitted from this program, making a tangible difference in the lives of new parents and their children.
This information is meant to be a general summary of Grace House Ministries 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: $10,184
- Gross Receipts: $1,204,406
Assets and Liabilities:
- Total Assets: $1,626,557
- Total Liabilities: $37,329
- Net Assets: $1,589,228
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Organization Details
Founding Year
1994
Principal Officer
Charles Rickey
Website
www.ghmtx.comNTEE Category
Code: X90Z - Religion related
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