Overview
What is Grace Manor Inc?
Grace Manor Inc, located in Lubbock, Texas, is a nonprofit organization that primarily focuses on foster care services. They recruit, train, and support foster families, providing them with educational and medical resources to ensure the well-being of 77 foster children under their care. Their mission is to create the least restrictive environment possible, catering to the children's physical, emotional, cultural, social, and spiritual needs. Furthermore, Grace Manor Inc strives to assist in the adoption of foster children into loving homes, thereby offering them a permanent, nurturing environment. The organization, with a dedicated workforce of 19 individuals, is committed to making a significant impact on the lives of these vulnerable children.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - 60% (Two-Star out of Four Star rating)
Grace Manor Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in certain operational areas. The organization excels in accountability and finance, achieving a perfect score of 100% in this category. Additionally, it shows strength in governance with a fully independent board and effective conflict of interest and document retention policies.
However, several critical areas have contributed to its low overall score, particularly in the transparency of financial statements. The lack of publicly accessible financial documents and the absence of a whistleblower policy and tax form on the nonprofit's website have raised concerns. Moreover, its liabilities to assets ratio is notably weak, which could impact its financial stability in the long run.
The program expense ratio is commendable, indicating that a significant portion of its funds is directed toward its stated mission. Nonetheless, the organization must address its transparency and governance practices to enhance its standing and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Grace Manor Inc legitimate?
Grace Manor Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grace Manor 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: $649,407
For more financial information, click here
What is the mission statement of Grace Manor Inc?
Grace Manor Inc's mission is centered around recruiting, selecting, training, and providing educational and medical support to foster families. Their primary goal is to ensure that foster children, in their care, receive the necessary physical, emotional, cultural, social, and spiritual support in a least restrictive environment. They strive to create conditions that cater to each child's unique needs. Additionally, Grace Manor Inc plays a crucial role in facilitating the adoption of foster children into loving homes, thus providing them with permanent families.
Who is the CEO of Grace Manor Inc?
James Aldrich is the Ceo of Grace Manor Inc. The CEO's salary of Grace Manor Inc is $162,500 and their total compensation is $162,500.
What is the revenue of Grace Manor Inc?
Grace Manor Inc's revenue in 2022 was $1,868,845.
Who are the executives of Grace Manor Inc and what are their salaries?
The average compensation at Grace Manor Inc during 2022 was $34,179. There are 19 employees at Grace Manor Inc.
Here are 5 key members and their salaries (Grace Manor Inc's CEO's salary is $162,500 and their total compensation is $162,500):
- Compensation: $162,500
- 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
Where can I find the form 990 for Grace Manor Inc?
Grace Manor Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Grace Manor Inc
Grace Manor Inc, a nonprofit organization, is dedicated to recruiting, selecting, training, and providing educational and medical support to foster families. Their mission is to ensure that foster children, who are in their care, are nurtured in an environment that caters to their physical, emotional, cultural, social, and spiritual needs. This is achieved in the least restrictive manner possible. Additionally, Grace Manor Inc strives to assist in the adoption of these children into loving homes. By providing foster care placement for 77 children and foster care services for 43 families, the organization demonstrates its commitment to fostering a positive and supportive environment for these vulnerable individuals.
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Impact
July, 2024
Grace Manor Inc's impact is significant in providing foster care placement for 77 children and foster care services for 43 families in Lubbock, TX. They work tirelessly to recruit, select, train, and provide educational and medical support to foster families, ensuring that foster children are cared for and supervised in environments that meet their physical, emotional, cultural, social, and spiritual needs. Additionally, they assist in the adoption of foster children into loving homes. Through their dedicated efforts, Grace Manor Inc positively impacts the lives of children and families in need of support and stability.
This information is meant to be a general summary of Grace Manor 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.
- Gross Receipts: $1,868,845
Assets and Liabilities:
- Total Assets: $855,049
- Total Liabilities: $912,523
- Net Assets: -$57,474
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Organization Details
Founding Year
1999
Phone
(806) 897-9735Principal Officer
James Aldrich
Main Address
2402 CANYON LAKE DRIVE, LUBBOCK, TX, 79415
NTEE Category
Code: P32 - Human services
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