Grandfather Home for Children Inc
Nonprofit profile at a glance
- EIN
- 560529975
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Barium Springs, NC, USA
- Phone
- 7048724157
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Group Homes
Reported finances
- Revenue
- $866,635
- Expenses
- $1,046,446
- Assets
- $18,742,425
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- CELESTE DOMINGUEZ (CEO)
Highest reported compensation
- CELESTE DOMINGUEZ (CEO): $357,641 total reported compensation
- LAKISHA ROGERS-MARELLI (CIO): $212,024 total reported compensation
- KEVIN ANDERS (CCO): $211,211 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Children's hope alliance (cha) mission is to provide hope, health, and healing for generations.
What it reported doing in 2024
Grandfather home for children (gfhc is one of two historical founding entities of the children's hope alliance (cha) family of nonprofits. Founded in 1914 in banner elk, nc, it originally operated a residential children's home serving orphaned children of the appalachian region. In 2011, gfhc merged with barium springs home for children, to form cha- together representing a combined 250-year legacy of service to at-risk children in nc. Today, gfhc is maintained as a separate legal entity to fund direct services to children across the consolidated organization through perpetual charitable trust income established by historic donors. As a type ii supporting organization under 509(a)(3), gfhc has no employees and conducts no direct programs. Investment income is distributed annually to its support organizations. During fy2025, gfhc distributed 1,043,546 in trust income as follows: "children's hope alliance: 260,000 "barium springs home for children: 200,000 "children's hope alliance foundation: 555,546 "properties for children: 28,000
Operating model
- Revenue model
- Investment-supported. 86% of the money available for current operations came from recurring investment income.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 91
- Accountability: 92
- Sustainability: 48
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 99.7%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 85.7%; rating input score 86; 20th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -20.7%; rating input score 9; 9th percentile among comparable filings
- Total-asset coverage ratio: 17.91; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 9.4%; rating input score 39; 39th percentile among comparable filings
Growth
- Program expense growth: -18.1% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: -19.9% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: -0.4% per year; rating input score 0; 16th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 99.7% of spending went to programs
- Governance: 6 of 7 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1M in reported program spending
- Leadership: top reported pay $358K · 14 people listed · 5 of 6 pay-setting controls reported
- Consistency: 17 of 17 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 8 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 9/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Officer compensation ratio scored 39/100.