Grace Episcopal Church Jamaica Senior Citizens Housing

Grace Episcopal Church Jamaica Senior Citizens Housing consistently operates with stable revenue and expenses, maintaining substantial assets while carrying significant liabilities.

EIN: 112882421 · Valley Stream, NY · NTEE: L200 · Updated: 2026-03-28

$1.7MRevenue

$6.5MAssets

85/100Mission Score (Excellent)

L200

About Grace Episcopal Church Jamaica Senior Citizens Housing

Grace Episcopal Church Jamaica Senior Citizens Housing (EIN: 112882421) is a nonprofit organization based in Valley Stream, NY, classified under NTEE code L200. The organization reported total revenue of $1.7M and total assets of $6.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grace Episcopal Church Jamaica Senior Citizens Housing's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Grace Episcopal Church Jamaica Senior Citizens Housing appears to be a financially stable organization focused on its mission of providing senior citizen housing. The organization consistently reports revenues and expenses in the range of $1.4 million to $1.6 million annually, indicating a predictable operational model. While expenses have slightly exceeded revenue in most recent years, leading to minor net asset decreases, the organization maintains substantial assets of $6.4 million against liabilities of $8.9 million. This suggests a reliance on long-term debt, likely associated with its housing properties, which is common for organizations in the housing sector.

The organization demonstrates strong spending efficiency with 0% reported officer compensation across all available filings, indicating that leadership is either volunteer-based or compensated through other means not categorized as officer compensation on the 990, which is a positive sign for donor confidence. The consistent financial reporting over 13 filings suggests a commitment to transparency. However, without a detailed breakdown of program service expenses versus administrative and fundraising costs, a precise assessment of spending efficiency is limited. Given its NTEE code (L200 - Housing for the Elderly) and consistent operations, it's reasonable to infer that the majority of its expenses are directly related to its housing programs.

Overall, the organization exhibits a consistent operational history and a clear focus on its mission. The lack of reported officer compensation is a significant positive indicator of efficient resource allocation. While the liabilities are substantial, they are likely tied to the nature of its housing assets. Further detail on expense allocation would enhance the transparency assessment, but the available data points to a well-managed entity.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Grace Episcopal Church Jamaica Senior Citizens Housing with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 8%
programs: 90%
fundraising: 2%

According to IRS 990 filings, Grace Episcopal Church Jamaica Senior Citizens Housing allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all 13 available filings, indicating that executive leadership is likely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization with annual revenues exceeding $1.5 million.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Grace Episcopal Church Jamaica Senior Citizens Housing's IRS 990 filings:

Consistent net asset decrease in recent years (e.g., 2023 expenses $1,668,909 vs. revenue $1,519,530)
Liabilities consistently exceed assets (e.g., 2023 assets $6,609,906 vs. liabilities $8,921,013)

Strengths

The following positive indicators were identified for Grace Episcopal Church Jamaica Senior Citizens Housing:

Consistent revenue generation over many years (e.g., $1.5M - $1.6M annually)
0% reported officer compensation across all 13 filings, indicating high efficiency in leadership costs
Long history of IRS 990 filings (13 filings), suggesting transparency and established operations
Substantial asset base ($6.4 million) supporting its mission-related housing properties

Frequently Asked Questions about Grace Episcopal Church Jamaica Senior Citizens Housing

Is Grace Episcopal Church Jamaica Senior Citizens Housing financially stable?

Yes, the organization demonstrates financial stability with consistent annual revenues around $1.5 million and substantial assets of $6.4 million. While expenses have slightly outpaced revenue in recent years, the overall financial picture is consistent over time.

How does the organization manage executive compensation?

The organization reports 0% officer compensation in all available IRS 990 filings, suggesting a highly efficient model where executive leadership is either volunteer or compensated through means not classified as officer compensation.

What is the trend in the organization's assets and liabilities?

Assets have generally decreased slightly from a peak of $7.3 million in 2020 to $6.6 million in 2023, while liabilities have also seen a slight decrease from $9.3 million in 2020 to $8.9 million in 2023. The organization consistently carries more liabilities than assets, which is common for housing providers with significant property holdings.

Filing History

IRS 990 filing history for Grace Episcopal Church Jamaica Senior Citizens Housing showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Grace Episcopal Church Jamaica Senior Citizens Housing's revenue has declined by 12.7%, moving from $1.7M to $1.5M. Total assets increased by 43.4% over the same period, from $4.6M to $6.6M. Total functional expenses rose by 5.5%, from $1.6M to $1.7M. In its most recent filing year (2023), Grace Episcopal Church Jamaica Senior Citizens Housing reported a deficit of $149K, with expenses exceeding revenue. The organization holds $8.9M in liabilities against $6.6M in assets (debt-to-asset ratio: 135.0%), resulting in net assets of $-2,311,107.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.5M	$1.7M	$6.6M	$8.9M	—	View 990
2022	$1.5M	$1.7M	$7.0M	$9.1M	—	View 990
2021	$1.5M	$1.5M	$7.2M	$9.2M	—	View 990
2020	$1.5M	$1.6M	$7.4M	$9.4M	—	—
2019	$1.5M	$1.5M	$3.3M	$5.2M	—	View 990
2018	$1.5M	$1.6M	$3.4M	$5.3M	—	View 990
2017	$1.5M	$1.6M	$3.6M	$5.4M	—	View 990
2016	$1.5M	$1.5M	$3.8M	$5.5M	—	View 990
2015	$1.6M	$1.7M	$4.0M	$5.7M	—	View 990
2014	$1.6M	$1.5M	$4.3M	$5.8M	—	View 990
2013	$1.5M	$1.5M	$4.3M	$6.0M	—	View 990
2012	$1.4M	$1.7M	$4.4M	$6.1M	—	View 990
2011	$1.7M	$1.6M	$4.6M	$6.1M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.5M, expenses of $1.7M, and assets of $6.6M (revenue +1.9% year-over-year).
2022: Revenue of $1.5M, expenses of $1.7M, and assets of $7.0M (revenue +0.5% year-over-year).
2021: Revenue of $1.5M, expenses of $1.5M, and assets of $7.2M (revenue -0.7% year-over-year).
2020: Revenue of $1.5M, expenses of $1.6M, and assets of $7.4M (revenue -0.2% year-over-year).
2019: Revenue of $1.5M, expenses of $1.5M, and assets of $3.3M (revenue +1.0% year-over-year).
2018: Revenue of $1.5M, expenses of $1.6M, and assets of $3.4M (revenue +0.7% year-over-year).
2017: Revenue of $1.5M, expenses of $1.6M, and assets of $3.6M (revenue -0.3% year-over-year).
2016: Revenue of $1.5M, expenses of $1.5M, and assets of $3.8M (revenue -7.0% year-over-year).
2015: Revenue of $1.6M, expenses of $1.7M, and assets of $4.0M (revenue -2.8% year-over-year).
2014: Revenue of $1.6M, expenses of $1.5M, and assets of $4.3M (revenue +5.6% year-over-year).
2013: Revenue of $1.5M, expenses of $1.5M, and assets of $4.3M (revenue +11.9% year-over-year).
2012: Revenue of $1.4M, expenses of $1.7M, and assets of $4.4M (revenue -20.6% year-over-year).
2011: Revenue of $1.7M, expenses of $1.6M, and assets of $4.6M.

Data Sources and Methodology

This transparency report for Grace Episcopal Church Jamaica Senior Citizens Housing is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.