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Nonprofit · EIN 26-0497909

GRACE ADULT HOMES

Also known as Grace Adult Homes

Tax-exempt · NASHVILLE, TN 37207

Financials

$984K$1.8M2021$2K$97K2023
Revenue Expenses · by fiscal year end
Financials of GRACE ADULT HOMES by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$2,299$97,267-$94,968$0$0$0
December 31, 2021990$984,190$1,774,200-$790,010$2,989,599$5,479,589-$2,489,990
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$0
Other revenue
$2,299

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$57,147
Accounting fees
$1,500
Depreciation
$17,106
Management and general (functional)
$97,267

Balance sheet and other

Total assets, start of year
$2,681,598
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets, end of year
$0
Gross receipts
$2,299
Employees
0
Volunteers
0
Year formed
2007
State of legal domicile
TN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2023, highest compensation first.

NameTitleHours / weekCompensation
SHANE BERRYBOARD MEMBER
Trustee or director
2$0
BROCK BREWERBOARD MEMBER
Trustee or director
2$0
BILL MCKEEBOARD MEMBER
Trustee or director
2$0
CYNTHIA LEMAYBOARD MEMBER
Trustee or director
2$0
BILL BREWERSECRETARY
Trustee or director, Officer
4$0
T GREER CARRPRESIDENT
Trustee or director, Officer
4$0
JOE N STEAKLEYTREASURER
Trustee or director, Officer
4$0
JOE WALLVICE PRESIDENT
Trustee or director, Officer
4$0
JOYCE SIEVERBOARD MEMBER
Trustee or director
2$0
GEORGE THOMPSONBOARD MEMBER
Trustee or director
2$0
990 for the year ended December 31, 2021: 10 people
NameTitleHours / weekCompensation
SHANE BERRYBOARD MEMBER
Trustee or director
2$0
BROCK BREWERBOARD MEMBER
Trustee or director
2$0
BILL MCKEEBOARD MEMBER
Trustee or director
2$0
CYNTHIA LEMAYBOARD MEMBER
Trustee or director
2$0
BILL BREWERSECRETARY
Trustee or director, Officer
4$0
T GREER CARRPRESIDENT
Trustee or director, Officer
4$0
JOE N STEAKLEYTREASURER
Trustee or director, Officer
4$0
JOE WALLVICE PRESIDENT
Trustee or director, Officer
4$0
JOYCE SIEVERBOARD MEMBER
Trustee or director
2$0
GEORGE THOMPSONBOARD MEMBER
Trustee or director
2$0

Address and contacts

Address (IRS master file)
1420 OLD HICKORY BLVD, NASHVILLE, TN 37207-1070
Mailing address (990-N for 2007)
1510 Old Hickory Blvd, Nashville TN 37207
Principal officer (990 for 2023)
JOSEPH N STEAKLEY, 1012 TYNE BLVD, NASHVILLE, TN 37220
Principal officer (990-N for 2007)
Joe Steakley, 1012 Tyne Blvd, Nashville TN 37220
Signed the 990
JOSEPH N STEAKLEY, TREASURER
Phone
(615) 344-2936
Return prepared by
CROSSLIN PLLC

Mission

TO DEVELOP, ACQUIRE, CONSTRUCT, AND MAINTAIN BUILDINGS AND PROPERTY FOR PROVIDING LONG-TERM CARE SERVICE INCLUDING QUALITY ASSISTED LIVING/ALZHEIMER CARE CONTAINING FACILITIES FOR RECREATION, INSTRUCTION, EDUCATION; AND TO MINISTER TO THE INDIVIDUAL PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF THE ELDERLY RESIDENTS OF THE FACILITIES.

990 for the year ended December 31, 2023

Program accomplishments

  • THE MISSION OF GRACE HOMES WAS TO DEVELOP, ACQUIRE, CONSTRUCT, AND MAINTAIN BUILDINGS AND PROPERTY FOR PROVIDING LONG-TERM CARE SERVICE INCLUDING QUALITY ASSISTED LIVING CONTAINING FACILITIES FOR RECREATION, INSTRUCTION, EDUCATION; AND TO MINISTER TO THE INDIVIDUAL PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF THE ELDERLY RESIDENTS OF THE FACILITIES. THE OUTBREAK OF THE COVID PANDEMIC HAD A DIBILITATING EFFECT ON THE OPERATIONS OF GRACE HOMES. THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT REQUIRED THE SHUTDOWN OF THE HOUSING OPERATIONS WHICH TOOK PLACE IN OCTOBER AND NOVEMBER OF 2021. THE OPERATIONS SHUT DOWN CONTINUED THROUGHOUT 2022, INCLUDING NEGOTIATIONS RELATED TO THE EVENTUAL RETUN OF THE PROPERTY TO THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. THE TRANSFER TO HUD WAS COMPLETED DURING THE YEAR AND THE ENTITY WAS TERMINATED.

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
26-0497909
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2007
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Income (IRS master file)
$2,299

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$2,299$97,267$0XML
990December 2022$413,765$483,348$2,681,598IRS
990December 2021$984,190$1,774,200$2,989,599XML
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990-N for 2007
Officer: Joe Steakley
December 31, 2007≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-0497909).

Questions about GRACE ADULT HOMES

What is the EIN of GRACE ADULT HOMES?
The employer identification number (EIN) of GRACE ADULT HOMES is 26-0497909.
Is GRACE ADULT HOMES tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
Are donations to GRACE ADULT HOMES tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GRACE ADULT HOMES file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of GRACE ADULT HOMES due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GRACE ADULT HOMES last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who is the principal officer of GRACE ADULT HOMES?
The 990 for the year ended December 31, 2023 names JOSEPH N STEAKLEY.
Who are the officers and directors of GRACE ADULT HOMES?
The 990 for the year ended December 31, 2023 lists 10 people; 0 received compensation from the organization.
How much revenue does GRACE ADULT HOMES have?
On its 990 for the year ended December 31, 2023 it reported revenue of $2,299, expenses of $97,267 and total assets of $0 at year end.

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