Hannah Grace Homes Inc

Nonprofit profile at a glance

EIN
821119345
IRS 990 coverage
2017–2017
Forms available
Form 990 2017
Location
Clermont, FL, USA
Phone
8882336255
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$553,768
Expenses
$534,942
Assets
$18,826
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • GERARD TRASK (EXECUTIVE DIRECTOR)
  • DAVID C GIBBS III (PRESIDENT & CHARIMAN)

People named in this filing

  • GERARD TRASK (EXECUTIVE DIRECTOR)
  • DAVID C GIBBS III (PRESIDENT & CHARIMAN)
  • TIMOTHY KELLEY (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Hannah grace homes provides an atmosphere as close to a "normal" home as possible. A safe haven for young women, neglected and abused girls. Hannah grace homes operates from a biblical worldview and teaches every girl she is loved by god and has a place to belong in christ.

What it reported doing in 2017

Founded in 2017 as a nontraditional group home, each residence house 8-10 girls, primarily in the age group of 8-17. Two sets of house parents reside in each home on a rotating basis.hannah grace homes, inc. Operates in the state of Florida as a licensed residential foster care program, and partners with community-based agencies authorized under state guidelines.residence arrive after their initial rescue or after a foster home situation becomes unworkable. Days are filled with nutritious meals and positive activities. House parents pour out words and actions that display the love of christ for these young women.

Operating model

Revenue model
Donor-supported. 95% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The required major-donor schedule is missing or incomplete and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 75
  • Accountability: 82
  • Sustainability: 45
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81%; rating input score 81
  • Program expense ratio: 83.8%; rating input score 84
  • Fundraising efficiency: $287.48 raised per $1 spent on fundraising; rating input score 95; 95th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: No; rating input score 0
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 3.4%; rating input score 49; 49th percentile among comparable filings
  • Total-asset coverage ratio: 0.04; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 94; 94th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 84; 84th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 81% of revenue deployed · 83.8% of spending went to programs
  • Governance: 3 of 3 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $448K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Related organizations: Filed and resolved organization 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 — Transparency & Controls: Major donor itemization scored 0/100.
  • Review — Accountability: Governance controls: 2 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Moderate — Sustainability: Operating margin scored 49/100.