Nonprofit · EIN 86-3557868
GRACE HEALTH PROPERTIES INC
Tax-exempt · CORBIN, KY 40701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,242,008 | $2,619,321 | $622,687 | $34,158,718 | $23,027,730 | $11,130,988 |
| December 31, 2023 | 990 | $2,753,906 | $552,599 | $2,201,307 | $36,515,334 | $26,007,033 | $10,508,301 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,847,423
- Program service revenue
- $0
- Investment income
- $0
- Net rental income
- $1,394,585
- Other revenue
- $1,394,585
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $165,000
- Depreciation
- $2,100,311
Balance sheet and other
- Total assets, start of year
- $36,515,334
- Total assets, end of year
- $34,158,718
- Total liabilities, end of year
- $23,027,730
- Net assets, end of year
- $11,130,988
- Land, buildings and equipment
- $29,426,247
- Net assets without donor restrictions
- $11,130,988
- Gross receipts
- $3,242,008
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2021
- State of legal domicile
- KY
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHAD STEVENS | CHIEF FINANCIAL OFFICER Trustee or director, Officer | 0 | $0 | $318,988 | $19,051 |
| JEFFREY CAMPBELL | CHIEF OPERATING OFFICER Trustee or director, Officer | 0 | $0 | $302,860 | $35,102 |
| MELVIN SCARBERRY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL ADDISON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| PAUL TAYLOR | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHAD STEVENS | CHIEF FINANCIAL OFFICER Trustee or director, Officer | – | $0 | $282,141 | $17,968 |
| JEFFREY CAMPBELL | CHIEF OPERATING OFFICER Trustee or director, Officer | – | $0 | $277,005 | $17,795 |
| MELVIN SCARBERRY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL ADDISON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| PAUL TAYLOR | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1019 CUMBERLAND FALLS HWY, CORBIN, KY 40701-2735
- In care of
- % THE ORGANIZATION
- Mailing address (990-N for 2021)
- 1019 CUMBERLAND FALLS HWY STE B201, CORBIN KY 40701
- Principal officer (990 for 2024)
- CHAD STEVENS, 1019 Cumberland Falls Hwy, Corbin, KY 40701
- Principal officer (990-N for 2021)
- CHAD STEVENS, 1019 CUMBERLAND FALLS HWY STE B201, CORBIN KY 40701
- Signed the 990
- CHAD STEVENS, CFO
- Phone
- (606) 526-9005
- Website
- WWW.GRACEHEALTHKY.ORG
- Return prepared by
- Forvis Mazars LLP
Mission
THE MISSION OF GRACE HEALTH PROPERTIES, INC. IS TO ENHANCE THE REVITALIZATION OF UNDERSERVED COMMUNITIES IN SOUTHEASTERN KENTUCKY BY ACTIVELY FACILITATING GRACE COMMUNITY HEALTH CENTER'S RENTAL REQUIREMENTS AND ENSURING COMPLIANCE WITH THE NEW MARKET TAX CREDIT.
Program accomplishments
- GRACE HEALTH PROPERTIES, INC. IS THE LANDLORD OF RECORD FOR THE PROPERTY UTILIZED BY GRACE COMMUNITY HEALTH CENTER, INC. UNDER THE NEW MARKET TAX CREDIT PROGRAM.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 86-3557868
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S47)
- Assets (IRS master file)
- $34,158,718
- Income (IRS master file)
- $3,242,008
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,242,008 | $2,619,321 | $34,158,718 | XML |
| 990 | December 2023 | $2,753,906 | $552,599 | $36,515,334 | XML |
| 990 | December 2022 | $1,280,016 | $237,542 | $34,190,198 | IRS |
| 990-N for 2021 Officer: CHAD STEVENS | December 31, 2021 | ≤ $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 86-3557868).
Questions about GRACE HEALTH PROPERTIES INC
- What is the EIN of GRACE HEALTH PROPERTIES INC?
- The employer identification number (EIN) of GRACE HEALTH PROPERTIES INC is 86-3557868.
- Is GRACE HEALTH PROPERTIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 2021.
- Are donations to GRACE HEALTH PROPERTIES INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GRACE HEALTH PROPERTIES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GRACE HEALTH PROPERTIES INC 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 HEALTH PROPERTIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GRACE HEALTH PROPERTIES INC?
- The 990 for the year ended December 31, 2024 names CHAD STEVENS.
- Who are the officers and directors of GRACE HEALTH PROPERTIES INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does GRACE HEALTH PROPERTIES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,242,008, expenses of $2,619,321 and total assets of $34,158,718 at year end.
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- GREATER CORBIN HOUSING EIN 20-3071336 · last filed 990-N for 2009
- GRACE COMMUNITY HEALTH CENTER INC EIN 26-1779437 · last filed 990 for 2024
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All nonprofits in CORBIN · Kentucky · Community improvement and capacity building