Miracle Square INC: Nonprofit Profile, Financials & Form 990 (EIN 56-2525420)

Revenue by fiscal year
FY2020	$86K
FY2021	$94K
FY2022	$87K
FY2023	$101K
FY2024	$105K

Expenses by fiscal year
FY2020	$113K
FY2021	$117K
FY2022	$103K
FY2023	$109K
FY2024	$115K

Net assets by fiscal year
FY2020	−$253K
FY2021	−$275K
FY2022	−$291K
FY2023	−$311K
FY2024	−$321K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2006.

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% · $104K Management & general 9% · $10K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation

Ronnie McRae

President

$0Pt VII · Sec A

Margaret Harris

Vice President

$0Pt VII · Sec A

Jessica Gurley

Secretary

$0Pt VII · Sec A

Nakia Stacks

Treasurer

$0Pt VII · Sec A

Annette Gilcrest

Treasurer

$0Pt VII · Sec A

James McRae

Board Member

$0Pt VII · Sec A

See Miracle Square 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

Provides accessible housing for people with disabilities.

Questions for Miracle Square INC

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1 program · $104K · in their own filed words · FY2024

01

Miracle square, inc. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of south carolina. The corporation was formed for the purpose of operating a 10 unit project known as miracle square located in sumter, south carolina, which provides housing for persons with disabilities.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 56-2525420) · Dispute this line

$104Kprogram expense

Funders

Who pays for it.

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

Federal money

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

Year ending Dec 2025 · $1.2M federal money spent

Supportive Housing for Persons with DisabilitiesDepartment of Housing and Urban Development · ALN 14.181 · Direct$1.2M

The auditor reported no findings.

Year ending Dec 2024 · $1.2M federal money spent

Supportive Housing for Persons with DisabilitiesDepartment of Housing and Urban Development · ALN 14.181 · Direct$1.2M

The auditor reported no findings.

Year ending Dec 2023 · $1.2M federal money spent

Supportive Housing for Persons with DisabilitiesDepartment of Housing and Urban Development · ALN 14.181 · Direct$1.2M

The auditor reported 2 findings.

Year ending Dec 2022 · $1.2M federal money spent

Supportive Housing for Persons with Disabilities - Balance of Capital Advance as of January 1, 2022, Under Section 811 of the National Affordable Housing Act of 1990Department of Housing and Urban Development · ALN 14.181 · Direct$1.2M

The auditor reported no findings.

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$105K

Ln 12

Gifts and grantsLn 1h$75K

Fees for servicesLn 2g$29K

Investment incomeLn 3$58

Money outPt IX

$115K

Ln 25

Programscol B$104K

Managementcol C$10K

Owns and owesPt X

−$321K

net assets · Ln 32

Cash and savingsLn 1–2$19K

Total assetsLn 16$855K

LiabilitiesLn 26$1.2M

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$75K

Government grantsLn 1e$75K

Fees for servicesLn 2g$29K

Investment incomeLn 3$58

Total revenueLn 12$105K

Assets in detailPt X, end of year

CashLn 1$19K

Cash and savings togetherLn 1–2$19K

Accounts receivableLn 4$5K

Prepaid expenses and deferred chargesLn 9$11K

Land, buildings, equipmentLn 10c$689K

Other assetsLn 15$130K

Total assetsLn 16$855K

LiabilitiesLn 26$1.2M

Net assetsLn 32−$321K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$25K	$19K
Land, buildings, equipmentLn 10c	$704K	$689K
Total assetsLn 16	$856K	$855K
LiabilitiesLn 26	$1.2M	$1.2M
Net assetsLn 32	−$311K	−$321K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$7K	$7K
Legal feesLn 11b	$3	$3
Accounting feesLn 11c	$10K		$10K
Office expensesLn 13	$4K	$4K
OccupancyLn 16	$10K	$10K
Depreciation, depletion and amortizationLn 22	$29K	$29K
InsuranceLn 23	$16K	$16K
Other expenses (24a–d)Ln 24	$31K	$31K
All other expensesLn 24e	$9K	$8K	$536
Total functional expensesLn 25	$115K	$104K	$10K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025	$105K	$115K	−$10K	−$321K	990 PDF
FY2023Filed with the IRS Nov 17, 2025	$101K	$109K	−$8K	−$311K	990 PDF
FY2022Filed with the IRS Jul 11, 2023	$87K	$103K	−$16K	−$291K	990 PDF
FY2021Filed with the IRS Nov 15, 2022	$94K	$117K	−$22K	−$275K	990 PDF
FY2020Filed with the IRS Nov 1, 2021	$86K	$113K	−$28K	−$253K	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2024 990

Part I · Summary $104,814 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $75,507$75,425

I-9 Program service revenuePrior year $25,019$29,331

I-10 Investment incomePrior year $491$58

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $101,017$104,814

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 $109,498$114,852

I-18 Total expensesPrior year $109,498$114,852

I-19 Revenue less expensesPrior year −$8,481−$10,038

Part VI · Governance 6 of 6 board members independent, 4 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members6

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

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

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $104,814 across 5 lines filed

VIII-1e Government grants$75,425

VIII-1h Total contributions, gifts and grants$75,425

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $29,331$29,331

VIII-3 Investment incomeExcluded from tax $58$58

VIII-12 Total revenueRelated to mission $29,331 · Unrelated business $0 · Excluded from tax $58$104,814

Part IX · Statement of functional expenses $114,852 across 9 lines filed

IX-11a Management feesPrograms $6,669$6,669

IX-11b Legal feesPrograms $3$3

IX-11c Accounting feesManagement $9,850$9,850

IX-13 Office expensesPrograms $3,683$3,683

IX-16 OccupancyPrograms $9,833$9,833

IX-22 Depreciation, depletion and amortizationPrograms $29,100$29,100

IX-23 InsurancePrograms $15,723$15,723

IX-24 Other expenses (24a–d)Programs $31,441$31,441

IX-24e All other expensesPrograms $8,014 · Management $536$8,550

IX-25 Total functional expensesPrograms $104,466 · Management $10,386 · Fundraising $0$114,852

Part X · Balance sheet $854,818 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $25,330$18,626

X-4 Accounts receivableStart of year $5,006$5,498

X-9 Prepaid expenses and deferred chargesStart of year $11,693$11,322

X-10c Land, buildings and equipment, netStart of year $703,605$689,005

X-15 Other assetsStart of year $110,457$130,367

X-16 Total assetsStart of year $856,091$854,818

X-17 Accounts payable and accrued expensesStart of year $16,391$25,104

X-19 Deferred revenueStart of year $0$52

X-23 Secured mortgages and notes payableStart of year $1,148,300$1,148,300

X-25 Other liabilitiesStart of year $2,169$2,169

X-26 Total liabilitiesStart of year $1,166,860$1,175,625

X-27 Net assets without donor restrictionsStart of year −$310,769−$320,807

X-32 Total net assets or fund balancesStart of year −$310,769−$320,807

X-33 Total liabilities and net assetsStart of year $856,091$854,818

Part XI · Reconciliation of net assets −$320,807 net assets at year end

XI-1 Total revenue$104,814

XI-2 Total expenses$114,852

XI-3 Revenue less expenses−$10,038

XI-4 Net assets at start of year−$310,769

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$320,807

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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Miracle Square 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 Miracle Square INC

Funders

Federal money

By the numbers

Filing history

Schedules filed Part IV