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Nonprofit · EIN 56-1727514

GRACE PROPERTIES INC

Tax-exempt · MORGANTON, NC 28655

Financials

Financials of GRACE PROPERTIES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990-EZ–––$0$0$0
June 30, 2024990-EZ–––$0$0$0
June 30, 2023990-EZ–––$0$0$0
Financial details: 990-EZ for the year ended June 30, 2025

Revenue

Expenses

Compensation of officers, directors and key employees
$0

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets, end of year
$0
Gross receipts
$0

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-EZ for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
KATHY BAILEY THRU 82024PRESIDENT & CEO1$0
GARY PAXSON AS OF 92024PRESIDENT & CEO1$0
PATRICIA MOLLCFO1$0
MH MCCRARYCHAIRMAN0.2$0
JIM ROSTANVICE CHAIRMAN0.2$0
DAVID BENNETTTREASURER0.2$0
SUSAN HAIRESECRETARY0.2$0
J MICHAEL BRIDGESPAST CHAIR0.2$0
KEVIN BAXTERBOARD MEMBER0.2$0
ANDREW BRANT MDBOARD MEMBER0.2$0
AMY-JACKSON KINCAIDBOARD MEMBER0.2$0
GANDHARI LOOMIS DOBOARD MEMBER0.2$0
990-EZ for the year ended June 30, 2024: 12 people
NameTitleHours / weekCompensation
TEA YANGBOARD MEMBER0.2$0
GANDHARI LOOMISBOARD MEMBER0.2$0
ANDREW BRANTBOARD MEMBER0.2$0
KEVIN BAXTERBOARD MEMBER0.2$0
AMY-JACKSON KINCAIDBOARD MEMBER0.2$0
J MICHAEL BRIDGESPAST CHAIR0.2$0
MH MCCRARYVICE CHAIR (THRU 1/24)/CHAIR0.2$0
SUSAN HAIRESECRETARY (AS OF 1/2024)0.2$0
KATHY BAILEYPRESIDENT & CEO1$0
PATRICIA MOLLCFO1$0
DAVID BENNETTTREASURER0.2$0
JIM ROSTANSECRETARY (THRU 1/2024)/VICE CHAIR0.2$0
990-EZ for the year ended June 30, 2023: 12 people
NameTitleHours / weekCompensation
JOHN BRANSTROMBOARD MEMBER1$0
ALAN GRIFFINBOARD MEMBER1$0
SUSAN HAIREBOARD MEMBER1$0
ALAN VANNOPPENBOARD MEMBER1$0
DAVID BENNETTBOARD MEMBER1$0
TEA YANGBOARD MEMBER1$0
GANDHARI LOOMISBOARD MEMBER1$0
ANDREW BRANTBOARD MEMBER1$0
J MICHAEL BRIDGESCHAIRMAN1$0
MH MCCRARYVICE CHAIRMAN1$0
SHERROD SALSBURYSECRETARY1$0
JEFF CARSWELLTREASURER1$0

Address and contacts

Address (IRS master file)
500 LENOIR ROAD, MORGANTON, NC 28655-2666
Signed the 990-EZ
PATRICIA A MOLL, CHIEF FINANCIAL OFFICER
Phone
(828) 580-5000
Return prepared by
CLIFTONLARSONALLEN LLP

Mission

LEASE REAL ESTATE TO TAX-EXEMPT HEALTH CARE ENTITIES.

990-EZ for the year ended June 30, 2025

Program accomplishments

  • LEASE REAL ESTATE TO TAX-EXEMPT HEALTH CARE ENTITIES

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990-EZ on file
2023June 30, 2024November 15, 2024990-EZ on file

IRS record

EIN
56-1727514
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
2001
Accounting year ends
June
Files
Form 990-N (e-Postcard)
Category (NTEE)
Human services (P99)
Assets (IRS master file)
$1

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZJune 2025––$0IRS
990-EZJune 2024––$0IRS
990-EZJune 2023$0$0$0XML
990-EZJune 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2018–––IRS

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 56-1727514).

Questions about GRACE PROPERTIES INC

What is the EIN of GRACE PROPERTIES INC?
The employer identification number (EIN) of GRACE PROPERTIES INC is 56-1727514.
Is GRACE PROPERTIES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
Are donations to GRACE PROPERTIES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does GRACE PROPERTIES INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of GRACE PROPERTIES INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GRACE PROPERTIES INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
Who are the officers and directors of GRACE PROPERTIES INC?
The 990-EZ for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.

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