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Grace Court C/O Schoedel & Schoedel

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 911549007 ✦ Spokane, WA ✦ Designated as a 501(c)(3)

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Overview

What is Grace Court C/O Schoedel & Schoedel?

Grace Court C/O Schoedel & Schoedel is a nonprofit organization dedicated to providing affordable housing for low-income elderly individuals. Operating under the Department of Housing's Section 202 Capital Advance program, Grace Court ensures that its residents meet the necessary income requirements. The organization's mission focuses on offering a living space that aligns with the guidelines set forth by the department, thereby catering to the needs of its elderly population.

Is Grace Court C/O Schoedel & Schoedel legitimate?

Grace Court C/O Schoedel & Schoedel is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grace Court C/O Schoedel & Schoedel 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: $64,355

For more financial information, click here

What is the mission statement of Grace Court C/O Schoedel & Schoedel?

Grace Court C/O Schoedel & Schoedel is dedicated to providing housing for low-income elderly individuals, aligning with the regulations established by the Department of Housing's Section 202 Capital Advance program. The organization's primary mission is to offer a living space that caters to the needs of this specific demographic, ensuring a suitable environment for their well-being. Grace Court's mission is centered around providing a home for the elderly who require financial assistance, thereby contributing to their overall welfare and quality of life.

Who is the CEO of Grace Court C/O Schoedel & Schoedel?

Sharon Pegau is the Director of Grace Court C/O Schoedel & Schoedel.

What is the revenue of Grace Court C/O Schoedel & Schoedel?

Grace Court C/O Schoedel & Schoedel's revenue in 2022 was $380,780.

Who are the executives of Grace Court C/O Schoedel & Schoedel and what are their salaries?


Here are 7 key members and their salaries:


Cathy Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph C Kieffer Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ralph Schmidt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Alsaker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Oakshott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Pegau (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Conway (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Grace Court C/O Schoedel & Schoedel?

Grace Court C/O Schoedel & Schoedel's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Grace Court C/O Schoedel & Schoedel

Grace Court C/O Schoedel & Schoedel is a nonprofit organization dedicated to providing housing for low-income elderly individuals. Aligned with the guidelines set forth by the Department of Housing's Section 202 Capital Advance program, Grace Court offers a safe and supportive living environment for its residents. The mission of Grace Court is to ensure that elderly individuals who may be financially struggling can still live with dignity and independence, providing them with a secure and comfortable home. By adhering to the guidelines provided by the Department of Housing, Grace Court is able to offer affordable housing options to those who need it most. The organization's mission is a vital resource for low-income elderly individuals, providing them with a sense of security and peace of mind as they enter their later years.

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Impact




October, 2024

Grace Court C/O Schoedel & Schoedel significantly impacts the Spokane community by providing affordable housing specifically designed for low-income elderly individuals. This initiative addresses vital needs for an often marginalized demographic, ensuring access to safe and secure living environments. By adhering to the guidelines established by the Department of Housing Section 202 Capital Advance program, Grace Court not only creates a supportive community for its residents but also contributes to reducing housing instability among seniors.

The presence of such housing options is essential in fostering independence among elderly individuals who may be experiencing financial challenges. It enables them to maintain a decent quality of life while alleviating the burden of high housing costs. Additionally, by focusing on the needs of low-income elderly residents, Grace Court helps lessen the risk of social isolation, offering opportunities for community engagement and support. Overall, Grace Court plays a critical role in enhancing the well-being and dignity of elderly individuals in Spokane.




This information is meant to be a general summary of Grace Court C/O Schoedel & Schoedel. 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.

Revenue
$380,780 (2022)
Expenses
$493,209 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $495
  • Program Service Revenue: $209,482
  • Gross Receipts: $380,780

Assets and Liabilities:

  • Total Assets: $1,599,707
  • Total Liabilities: $3,554,693
  • Net Assets: -$1,954,986

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$203,769

LAUNDRY AND FEE INCOME

Revenue

$5,713

Organization Details

Founding Year

1995

Principal Officer

Sharon Pegau

Main Address

422 W RIVERSIDE, SPOKANE, WA, 99201

NTEE Category

Code: L22Z - Housing

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