Overview

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Est.

2021

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

Grace Health Properties Inc, a nonprofit organization based in Kentucky, is dedicated to enhancing the revitalization of underserved communities in southeastern Kentucky by facilitating rental requirements for Grace Health and ensuring compliance with the New Market Tax Credit. With an operating budget of $2.6 million and total revenue of $3.2 million for the filing year 2024, the organization plays a crucial role in supporting community development initiatives. More information can be found on their website at www.gracehealthky.org.

Mission Statement

ENHANCE THE REVITALIZATION OF UNDERSERVED COMMUNITIES IN SE KY BY ACTIVELY FACILITATING GRACE HEALTH'S RENTAL REQUIREMENTS AND ENSURING COMPLIANCE WITH THE NEW MARKET TAX CREDIT.
Revenues
$3.2M
Expenses
$2.6M
Net Income:
+$622.7K
Assets
$34.2M
Liabilities
$23M
Net Assets:
+$11.1M
Operating Budget
$2.6M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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M
Melvin Scarberry
Board Member
M
Michael Addison
Board Member
C
Chad Stevens
Board Member

Frequently Asked Questions

What is Grace Health Properties Inc’s budget?
In 2024, Grace Health Properties Inc reported an annual operating budget of around $2.6 million. More detailed financial information is available to registered users.
What causes does Grace Health Properties Inc support?
Grace Health Properties Inc supports work in Real estate.
Where does Grace Health Properties Inc operate?
Grace Health Properties Inc is headquartered in Corbin, KY.