Grace Commons INC: Nonprofit Profile, Financials & Form 990 (EIN 20-1967815)

Revenue by fiscal year
FY2020	$154K
FY2021	$166K
FY2022	$172K
FY2023	$170K
FY2024	$178K
FY2025	$199K

Expenses by fiscal year
FY2020	$287K
FY2021	$335K
FY2022	$392K
FY2023	$330K
FY2024	$359K
FY2025	$351K

Net assets by fiscal year
FY2020	$1.0M
FY2021	$865K
FY2022	$644K
FY2023	$484K
FY2024	$303K
FY2025	$151K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

91%

Program services 91% · $321K Management & general 9% · $30K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Kim Morrison

Chairperson (start 1/25)

$0Pt VII · Sec A

Monica Martinez

Chairperson (thru 1/25)

$0Pt VII · Sec A

Ronnie Lipschutz

Vice Chair

$0Pt VII · Sec A

Blythe Campbell

Secretary/Treasurer

$0Pt VII · Sec A

Lori Langona

Director

$0Pt VII · Sec A

See Grace Commons INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Grace Commons INC is a housing nonprofit based in Santa Cruz, CA.

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1 program · $321K · in their own filed words · FY2024

01

The organization provides management of an apartment complex that consists of 14 units and 1 manager unit dedicated to providing low-income housing to psychiatrically disabled, homeless or at risk of homelessness adults.

$321Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2022

Felker Family Foundation INCFY2022$10K

Total grants receivedfrom 1 funder$10K

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs

Year ending Jun 2025 · $1.9M federal money spent

Supportive Housing for Persons with DisabilitiesDepartment of Housing and Urban Development · ALN 14.181 · Direct$1.9M

The auditor reported no findings.

Year ending Jun 2024 · $1.9M federal money spent

Supportive Housing for Persons with DisabilitiesDepartment of Housing and Urban Development · ALN 14.181 · Direct$1.9M

The auditor reported no findings.

Year ending Jun 2023 · $1.9M federal money spent

Supportive Housing for Persons with DisabilitiesDepartment of Housing and Urban Development · ALN 14.181 · Direct$1.9M

The auditor reported no findings.

Year ending Jun 2022 · $1.9M federal money spent

Supportive Housing for Persons with Disabilities (section 811, Capital Advance)Department of Housing and Urban Development · ALN 14.181 · Direct$1.9M

The auditor reported 2 findings: a weakness in money controls.

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$199K

Ln 12

Gifts and grantsLn 1h$135K

Fees for servicesLn 2g$63K

Other incomeLn 4–11$1K

Money outPt IX

$351K

Ln 25

Programscol B$321K

Managementcol C$30K

Owns and owesPt X

$151K

net assets · Ln 32

Cash and savingsLn 1–2$232K

Total assetsLn 16$2.6M

LiabilitiesLn 26$2.4M

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$135K

Government grantsLn 1e$135K

Fees for servicesLn 2g$63K

Investment incomeLn 3$136

Other incomeLn 4–11$1K

Total revenueLn 12$199K

Assets in detailPt X, end of year

SavingsLn 2$232K

Cash and savings togetherLn 1–2$232K

Accounts receivableLn 4$243

Land, buildings, equipmentLn 10c$2.3M

Other assetsLn 15$5K

Total assetsLn 16$2.6M

LiabilitiesLn 26$2.4M

Net assetsLn 32$151K

OperationsPt I, VI

EmployeesI 50

VolunteersI 67

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$208K	$232K
Land, buildings, equipmentLn 10c	$2.5M	$2.3M
Total assetsLn 16	$2.7M	$2.6M
LiabilitiesLn 26	$2.4M	$2.4M
Net assetsLn 32	$303K	$151K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$12K		$12K
Legal feesLn 11b	$7K	$7K
Accounting feesLn 11c	$18K		$18K
Other fees for servicesLn 11g	$3K	$3K
Advertising and promotionLn 12	$281	$281
Office expensesLn 13	$17K	$17K
OccupancyLn 16	$34K	$34K
TravelLn 17	$2K	$2K
InterestLn 20	$49K	$49K
Depreciation, depletion and amortizationLn 22	$129K	$129K
InsuranceLn 23	$6K	$6K
Other expenses (24a–d)Ln 24	$72K	$72K
All other expensesLn 24e	$711	$711
Total functional expensesLn 25	$351K	$321K	$30K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS Apr 20, 2026	$199K	$351K	−$152K	$151K	990 PDF
FY2024Filed with the IRS Feb 17, 2025	$178K	$359K	−$181K	$303K	990 PDF
FY2023Filed with the IRS Jan 26, 2024	$170K	$330K	−$161K	$484K	990 PDF
FY2022Filed with the IRS Mar 14, 2023	$172K	$392K	−$220K	$644K	990 PDF
FY2021Filed with the IRS Jan 27, 2022	$166K	$335K	−$169K	$865K	990 PDF
FY2020Filed with the IRS May 14, 2021	$154K	$287K	−$133K	$1.0M	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2025 990

Part I · Summary $199,243 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $123,008$134,773

I-9 Program service revenuePrior year $52,611$63,273

I-10 Investment incomePrior year $906$136

I-11 Other revenuePrior year $1,482$1,061

I-12 Total revenuePrior year $178,007$199,243

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $359,075$351,379

I-18 Total expensesPrior year $359,075$351,379

I-19 Revenue less expensesPrior year −$181,068−$152,136

Part VI · Governance 4 of 4 board members independent, 1 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $199,243 across 6 lines filed

VIII-1e Government grants$134,773

VIII-1h Total contributions, gifts and grants$134,773

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $63,273$63,273

VIII-3 Investment incomeExcluded from tax $136$136

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,061$1,061

VIII-12 Total revenueRelated to mission $64,334 · Unrelated business $0 · Excluded from tax $136$199,243

Part IX · Statement of functional expenses $351,379 across 13 lines filed

IX-11a Management feesManagement $12,105$12,105

IX-11b Legal feesPrograms $6,904$6,904

IX-11c Accounting feesManagement $18,240$18,240

IX-11g Other fees for servicesPrograms $3,485$3,485

IX-12 Advertising and promotionPrograms $281$281

IX-13 Office expensesPrograms $16,853$16,853

IX-16 OccupancyPrograms $34,041$34,041

IX-17 TravelPrograms $2,341$2,341

IX-20 InterestPrograms $49,134$49,134

IX-22 Depreciation, depletion and amortizationPrograms $129,455$129,455

IX-23 InsurancePrograms $6,309$6,309

IX-24 Other expenses (24a–d)Programs $71,520$71,520

IX-24e All other expensesPrograms $711$711

IX-25 Total functional expensesPrograms $321,034 · Management $30,345 · Fundraising $0$351,379

Part X · Balance sheet $2,562,918 assets, 13 lines filed

X-2 Savings and temporary cash investmentsStart of year $208,087$232,396

X-4 Accounts receivableStart of year $1,924$243

X-10c Land, buildings and equipment, netStart of year $2,455,192$2,325,737

X-15 Other assetsStart of year $4,182$4,542

X-16 Total assetsStart of year $2,669,385$2,562,918

X-17 Accounts payable and accrued expensesStart of year $40,244$45,910

X-23 Secured mortgages and notes payableStart of year $1,637,816$1,637,816

X-25 Other liabilitiesStart of year $685,834$728,447

X-26 Total liabilitiesStart of year $2,366,504$2,412,173

X-27 Net assets without donor restrictionsStart of year −$2,587,119−$2,739,255

X-28 Net assets with donor restrictionsStart of year $2,890,000$2,890,000

X-32 Total net assets or fund balancesStart of year $302,881$150,745

X-33 Total liabilities and net assetsStart of year $2,669,385$2,562,918

Part XI · Reconciliation of net assets $150,745 net assets at year end

XI-1 Total revenue$199,243

XI-2 Total expenses$351,379

XI-3 Revenue less expenses−$152,136

XI-4 Net assets at start of year$302,881

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$150,745

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Grace Commons INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Grace Commons INC

Funders

Grants

Federal money

By the numbers

Filing history

Schedules filed Part IV