Heavenly Grace Assistant Living Facility Inc
EIN: 223891982 · Baltimore, MD · NTEE: L20
| Metric | Value |
|---|---|
| Total Revenue | $258K |
| Total Expenses | $245K |
| Net Assets | $-67,957 |
Is Heavenly Grace Assistant Living Facility Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Heavenly Grace Assistant Living Facility Inc
Heavenly Grace Assistant Living Facility Inc (EIN: 223891982) is a nonprofit organization based in Baltimore, MD, classified under NTEE code L20. The organization reported total revenue of $258K and total assets of $111K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heavenly Grace Assistant Living Facility Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heavenly Grace Assistant Living Facility Inc is a small nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 8.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $280K |
| Total Expenses | $245K |
| Surplus / Deficit | +$35K |
| Total Assets | $119K |
| Total Liabilities | $187K |
| Net Assets | $-67,957 |
| Operating Margin | 12.5% |
| Debt-to-Asset Ratio | 157.2% |
| Months of Reserves | 5.8 months |
Financial Health Grade: A
In 2022, Heavenly Grace Assistant Living Facility Inc reported a surplus of $35K with revenue exceeding expenses, holds 5.8 months of operating reserves (adequate), has a debt-to-asset ratio of 157.2% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Heavenly Grace Assistant Living Facility Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +37.7% | -1.0% | -7.6% |
| 2021 | -9.3% | +4.6% | -9.7% |
| 2020 | -38.8% | -38.8% | -15.7% |
| 2019 | -8.0% | -7.8% | -12.3% |
| 2018 | -2.0% | +3.1% | +539.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Heavenly Grace Assistant Living Facility Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Heavenly Grace Assistant Living Facility Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $35K, with revenue exceeding expenses.
- Debt-to-asset ratio: 157.2%.
Frequently Asked Questions about Heavenly Grace Assistant Living Facility Inc
Is Heavenly Grace Assistant Living Facility Inc a legitimate charity?
Heavenly Grace Assistant Living Facility Inc (EIN: 223891982) is a registered tax-exempt nonprofit based in Maryland. It has 12 years of IRS 990 filings on record. Total revenue: $258K. No red flags identified. Financial health grade: A.
How does Heavenly Grace Assistant Living Facility Inc spend its money?
Heavenly Grace Assistant Living Facility Inc reported $258K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Heavenly Grace Assistant Living Facility Inc tax-deductible?
Heavenly Grace Assistant Living Facility Inc is registered as a tax-exempt nonprofit (EIN: 223891982). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Heavenly Grace Assistant Living Facility Inc located?
Heavenly Grace Assistant Living Facility Inc is headquartered in Baltimore, Maryland and files with the IRS under EIN 223891982. It is classified under NTEE code L20.
How many years of IRS 990 filings does Heavenly Grace Assistant Living Facility Inc have?
Heavenly Grace Assistant Living Facility Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $258K in total revenue.
Filing History
IRS 990 filing history for Heavenly Grace Assistant Living Facility Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Heavenly Grace Assistant Living Facility Inc's revenue has grown by 134.4%, moving from $119K to $280K. Total assets increased by 956.7% over the same period, from $11K to $119K. Total functional expenses rose by 105.2%, from $119K to $245K. In its most recent filing year (2022), Heavenly Grace Assistant Living Facility Inc reported a surplus of $35K, with revenue exceeding expenses. The organization holds $187K in liabilities against $119K in assets (debt-to-asset ratio: 157.2%), resulting in net assets of $-67,957.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $280K | $245K | $119K | $187K | — | View 990 |
| 2021 | $203K | $247K | $129K | $232K | — | View 990 |
| 2020 | $224K | $236K | $142K | $118K | — | View 990 |
| 2019 | $366K | $386K | $169K | $149K | — | — |
| 2018 | $398K | $419K | $193K | $187K | — | View 990 |
| 2017 | $406K | $407K | $30K | $3K | — | View 990 |
| 2016 | $331K | $333K | $28K | $0 | — | View 990 |
| 2015 | $280K | $275K | $29K | $0 | — | View 990 |
| 2014 | $251K | $241K | $22K | $0 | — | View 990 |
| 2013 | $204K | $205K | $12K | $0 | — | View 990 |
| 2012 | $168K | $167K | $13K | $0 | — | View 990 |
| 2011 | $119K | $119K | $11K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $280K, expenses of $245K, and assets of $119K (revenue +37.7% year-over-year).
- 2021: Revenue of $203K, expenses of $247K, and assets of $129K (revenue -9.3% year-over-year).
- 2020: Revenue of $224K, expenses of $236K, and assets of $142K (revenue -38.8% year-over-year).
- 2019: Revenue of $366K, expenses of $386K, and assets of $169K (revenue -8.0% year-over-year).
- 2018: Revenue of $398K, expenses of $419K, and assets of $193K (revenue -2.0% year-over-year).
- 2017: Revenue of $406K, expenses of $407K, and assets of $30K (revenue +22.6% year-over-year).
- 2016: Revenue of $331K, expenses of $333K, and assets of $28K (revenue +18.2% year-over-year).
- 2015: Revenue of $280K, expenses of $275K, and assets of $29K (revenue +11.8% year-over-year).
- 2014: Revenue of $251K, expenses of $241K, and assets of $22K (revenue +22.8% year-over-year).
- 2013: Revenue of $204K, expenses of $205K, and assets of $12K (revenue +21.5% year-over-year).
- 2012: Revenue of $168K, expenses of $167K, and assets of $13K (revenue +40.7% year-over-year).
- 2011: Revenue of $119K, expenses of $119K, and assets of $11K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heavenly Grace Assistant Living Facility Inc:
Data Sources and Methodology
This transparency report for Heavenly Grace Assistant Living Facility Inc 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.