Gray House INC EIN 04-2783515 Form 990 (PDF) Claim this org

Gray House INC

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Provides food, clothing, and education to neighbors facing hardships. For fiscal year 2025 it reported $751K in revenue, $392K in expenses, and $1.6M in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Springfield, MA
Website
www.grayhouse.org
Filings
6 on file (2020–2025)
Revenue
$751KFY2025
Expenses
$392K
Net assets
$1.6M
People
10
Filings
6
Updates
0
More identity details & actions ⌄
EIN  04-2783515 Public charity (501(c)(3)) Springfield, MA
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides food, clothing, and education to neighbors facing hardships.
Leadership
Isabella Brady-Prankus · Executive Dir. · $73K
Money in and out
$751K revenue, $392K expenses
Bottom line
74% program efficiency
Where the money goes · FY2025
Total revenue
$751K
Pt VIII · Ln 12
Total expenses
$392K
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $359K
Where spending went · Part IX cols B–D
Program services $0.74 Management & general $0.20 Fundraising $0.06
Program efficiency
74%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
37.5mo
months of highly liquid reserves at operating expense rate▲ +32% vs prior filing year
Surplus margin
+48%
revenue over expenses, this year▲ +35% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$751K
FY2025▲ +19%
Expenses
$392K
FY2025▼ -4%
Total assets
$1.7M
FY2025▲ +28%
Total liabilities
$12K
FY2025▼ -16%
Total revenue
$751K
Pt VIII · Ln 12
Total expenses
$392K
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$359K
Total assetsPt X · Ln 16$1.7M
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

3 program services account for $290K of program spending, described in the organization's own filed words · FY2024.
01

Emergency food pantry and clothing distributionthe market at gray house provides food to people in need. In addition to thursdays from 9AM to 12 noon, the market is open the second and fourth friday of each month from 3:30PM to 5:00PM to accommodate the working poor in the area.

$137Kprogram expense
02

Kids' club after school and summer programthe kids' club program helps children living in sprinfield between the ages of 7 and 12 who live in poverty every monday through thursday afternoon from septemberthrough MAY/JUNE.

$86Kprogram expense
03

Adult education programthe adult education program focuses on helping migrants, refugees, and asyleesimprove their english language skills while incorporating critical life skills. It offers small group classes in fundamental skills instruction (reading, writing, math, finance, health, and digital literacy), beginner english for speakers…

$67Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGray House INC
EINHdr · item D04-2783515
Principal addressHdr · item CSpringfield, MA
WebsiteHdr · item Jwww.grayhouse.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFDec 1985

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$72,854Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Isabella Brady-Prankus$72,854
Kristen McClintock$66,395$64,413
Teresa Spaziani-Liberti$59,221
Kristen McClintock$57,903$33,683

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$720K · 96%
Investment income$15K · 2%
Other revenue$15K · 2%
Contributions & grants96%$720K
Investment income2%$15K
Other revenue2%$15K
Program service revenue$1K
— government grantsLn 1e$85K
Total revenueLn 12$751K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.20 Fundraising $0.06
Program services74%$290K
Management & general20%$80K
Fundraising6%$23K
Total functional expensesLn 25$392K

Balance Sheet

Part X · end of year
CashLn 1$1.1M
Total assetsLn 16$1.7M
Total liabilitiesLn 26$12K
Total net assetsLn 32$1.6M
Months of cash on handcomputed34.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.2M · Operating expenses/yr $392K
37.5 months
Where the money goes
Program services
Program services $290K · Total expenses $392K
74%
Management & General
Management & general $80K · Total expenses $392K
20%
Fundraising
Fundraising $23K · Total expenses $392K
6%
Cost to raise $1
Fundraising expense (3-yr avg) $23K · Solicited contributions (3-yr avg) $542K
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $720K · Total revenue $751K
96%
Government reliance
Government grants $85K · Total revenue $751K
11%
Earned-income share
Program service revenue $1K · Total revenue $751K
0.2%
Investment reliance
Investment income $15K · Total revenue $751K
+2%
Program self-sufficiency
Program service revenue $1K · Total expenses $392K
0.3%
Growth & trend
Revenue growth (YoY)
This year $751K · Prior year $633K
+19%
Revenue CAGR
FY2019 $364K · FY2024 $751K
+16%
Net-asset trend (YoY)
End of year $1.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $751K · Expenses $392K
+48%
Liabilities-to-Assets
Total liabilities — · Total assets $1.7M
Net-asset ratio
Net assets $1.6M · Total assets $1.7M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $99K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.7M
6%
People & payroll
Highest Reported Total Compensation
Individual Isabella Brady-Prankus · Reported title Executive Dir. · Highest reported compensation $73K · Total expenses $392K
19%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $268K · Total expenses $392K
68%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 74%
Overhead ratio 20%
Fundraising cost ratio 3%
Revenue growth 19%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 3%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 2 funders$5K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$751K revenue · viewing · ⤓ 990 PDF
FY2024$633K revenue · ⤓ 990 PDF
FY2023$589K revenue · ⤓ 990 PDF
FY2022$470K revenue · ⤓ 990 PDF
FY2021$507K revenue · ⤓ 990 PDF
FY2020$364K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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