First Grace Community Alliance

New Orleans, LA · Public charity (501(c)(3)) · Housing

✓ Tax-deductible
Revenue
$412K
-4% vs prior year
Spent
$526K
To programs
89%
Net assets
$462K
By yearFY2020–FY2024
Revenue
$412K
FY2024▼ -4%
Revenue by fiscal year
FY2020$307K
FY2021$385K
FY2022$333K
FY2023$432K
FY2024$412K
Expenses
$526K
FY2024▲ +41%
Expenses by fiscal year
FY2020$230K
FY2021$256K
FY2022$274K
FY2023$373K
FY2024$526K
Net assets
$462K
FY2024▼ -20%
Net assets by fiscal year
FY2020$330K
FY2021$459K
FY2022$517K
FY2023$576K
FY2024$462K

From the FY2024 Form 990 · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CFirst Grace Community Alliance
EINHdr · item D26-3687178
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFOct 2009
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CNew Orleans, LA
NTEE classificationIRS BMFHousing (L41)
WebsiteHdr · item Jwww.hagarshousenola.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.07 Fundraising $0.04
Program services89%$467K
Management & general7%$37K
Fundraising4%$22K
Total functional expensesLn 25$526K

Financial health

Is it on solid ground?

Program efficiency
89%
of spending reaches programs▲ +6% vs prior filing year
Operating runway
10.1mo
months of highly liquid reserves at operating expense rate▼ -37% vs prior filing year
Surplus margin
-28%
revenue over expenses, this year▼ -304% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$460K
FY2024▼ -21%
Total assets by fiscal year
FY2020$334K
FY2021$460K
FY2022$524K
FY2023$583K
FY2024$460K
Total liabilities
−$2K
FY2024▼ -124%
Total liabilities by fiscal year
FY2020$3K
FY2021$1K
FY2022$6K
FY2023$7K
FY2024−$2K
Revenue less expensesPt I · Ln 19−$114K
Total assetsPt X · Ln 16$460K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Balance Sheet

Part X · end of year
CashLn 1$443K
Total assetsLn 16$460K
Total liabilitiesLn 26−$2K
Total net assetsLn 32$462K
Months of cash on handcomputed10.1

Statement of Revenue

Part VIII
Contributions & grants100%$412K
Total revenueLn 12$412K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $443K · Operating expenses/yr $526K
10.1 months
Where the money goes
Program services
Program services $467K · Total expenses $526K
89%
Management & General
Management & general $37K · Total expenses $526K
7%
Fundraising
Fundraising $22K · Total expenses $526K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $22K · Solicited contributions (3-yr avg) $392K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $412K · Total revenue $412K
100%
Government reliance
Government grants $0 · Total revenue $412K
0%
Earned-income share
Program service revenue $0 · Total revenue $412K
0%
Investment reliance
Investment income $0 · Total revenue $412K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $526K
0%
Growth & trend
Revenue growth (YoY)
This year $412K · Prior year $432K
-4%
Revenue CAGR
FY2020 $307K · FY2024 $412K
+8%
Net-asset trend (YoY)
End of year $462K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $412K · Expenses $526K
-28%
Liabilities-to-Assets
Total liabilities — · Total assets $460K
—
Net-asset ratio
Net assets $462K · Total assets $460K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $460K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jessica Knox · Reported title Director · Highest reported compensation $0 · Total expenses $526K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $386K · Total expenses $526K
73%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 89%——
Overhead ratio 7%——
Fundraising cost ratio 5%——
Revenue growth -4%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0.7%——
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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See First Grace Community Alliance executive salaries →

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Governance & Policies

Part VI
  • 11Voting board membersPt VI · Ln 1a
  • 11Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Provides housing and immigration assistance to those in need.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

2 program services account for $467K of program spending, described in the organization's own filed words · FY2024.
01

Project Ishmael is a small immigration legal clinic for children

$279Kprogram expense
02

Hagar's House works with people and their children, primarily women, in need by meeting food, housing and other emergency needs while simultaneously challenging the systemic poverty in the Greater New Orleans Area

$188Kprogram expense

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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 · FY2024
See all 4 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $412K$526K-4% 990 PDF
FY2023 $432K$373K+30% 990 PDF
FY2022 $333K$274K-13% 990 PDF
FY2021 $385K$256K+25% 990 PDF
FY2020 $307K$230K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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