Grace Landing EIN 27-0406569

Grace Landing

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Offers housing, education support, job training, and life skills for youth aging out of foster care and experiencing homelessness. For fiscal year 2025 it reported $394K in revenue, $547K in expenses, and $78K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Jacksonville Beach, FL
Website
www.gracelanding.com
Filings
7 on file (2019–2025)
Revenue
$394KFY2025
Expenses
$547K
Net assets
$78K
People
5
Filings
7
Updates
0
More identity details & actions ⌄
EIN  27-0406569 Public charity (501(c)(3)) Jacksonville Beach, FL
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers housing, education support, job training, and life skills for youth aging out of foster care and experiencing homelessness.
Leadership
Billy R Hancock · CEO/Consulta
Money in and out
$394K revenue, $547K expenses
Bottom line
79% program efficiency
Where the money goes · FY2025
Total revenue
$394K
Pt VIII · Ln 12
Total expenses
$547K
Pt IX · Ln 25
Net assets
$78K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$153K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.19 Fundraising $0.02
Program efficiency
79%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
1.9mo
months of highly liquid reserves at operating expense rate▼ -39% vs prior filing year
Surplus margin
-39%
revenue over expenses, this year▼ -664% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$394K
FY2025▼ -60%
Expenses
$547K
FY2025▼ -41%
Total assets
$84K
FY2025▼ -65%
Total liabilities
$5K
FY2025▼ -32%
Total revenue
$394K
Pt VIII · Ln 12
Total expenses
$547K
Pt IX · Ln 25
Net assets
$78K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$153K
Total assetsPt X · Ln 16$84K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $432K of program spending, described in the organization's own filed words · FY2024.
01

Partnered with local churches to develop a professionally managed volunteer foster care ministry. Provided training and support so the local churches can meet the need for foster families and volunteer support in their community.

$432Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGrace Landing
EINHdr · item D27-0406569
Principal addressHdr · item CJacksonville Beach, FL
WebsiteHdr · item Jwww.gracelanding.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P30)
Ruling yearIRS BMFNov 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
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
CEO/Consulta
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
Founder/Fund
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Juda Attkisson’s $35K as President is at the 22nd percentile of top reported officer pay among 2165 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Statement of Revenue

Part VIII
Contributions & grants100%$394K
Investment income$6
— government grantsLn 1e$116K
Total revenueLn 12$394K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.19 Fundraising $0.02
Program services79%$432K
Management & general19%$106K
Fundraising2%$9K
Total functional expensesLn 25$547K

Balance Sheet

Part X · end of year
CashLn 1$86K
Total assetsLn 16$84K
Total liabilitiesLn 26$5K
Total net assetsLn 32$78K
Months of cash on handcomputed1.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $86K · Operating expenses/yr $547K
1.9 months
Where the money goes
Program services
Program services $432K · Total expenses $547K
79%
Management & General
Management & general $106K · Total expenses $547K
19%
Fundraising
Fundraising $9K · Total expenses $547K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $3K · Solicited contributions (3-yr avg) $217K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $394K · Total revenue $394K
100%
Government reliance
Government grants $116K · Total revenue $394K
29%
Earned-income share
Program service revenue $0 · Total revenue $394K
0%
Investment reliance
Investment income $6 · Total revenue $394K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $547K
0%
Growth & trend
Revenue growth (YoY)
This year $394K · Prior year $989K
-60%
Revenue CAGR
FY2018 $172K · FY2024 $394K
+15%
Net-asset trend (YoY)
End of year $78K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $394K · Expenses $547K
-39%
Liabilities-to-Assets
Total liabilities — · Total assets $84K
Net-asset ratio
Net assets $78K · Total assets $84K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $84K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Billy R Hancock · Reported title CEO/CONSULTA · Highest reported compensation $0 · Total expenses $547K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $365K · Total expenses $547K
67%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 19%
Fundraising cost ratio 2%
Revenue growth -60%
Accounting fee ratio 0.4%

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 · FY2023
Total grants receivedfrom 1 funder$16K

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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)$394K revenue · viewing · ⤓ 990 PDF
FY2024$989K revenue · ⤓ 990 PDF
FY2023$473K revenue · ⤓ 990 PDF
FY2022$550K revenue · ⤓ 990 PDF
FY2021$124K revenue · ⤓ 990 PDF
FY2020$139K revenue · ⤓ 990 PDF
FY2019$172K 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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