Nonprofit · EIN 27-0263021
GRACE PLACE RETIREMENT COMMUNITY INC
Tax-exempt (reinstated) · MEMPHIS, TN 38116
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $390,499 | $494,276 | -$103,777 | $2,435,629 | $39,894 | $2,395,735 |
| June 30, 2024 | 990 | $370,053 | $425,218 | -$55,165 | $2,527,586 | $28,074 | $2,499,512 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $388,853
- Investment income
- $1,646
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $77,339
- Salaries, compensation and benefits (total)
- $92,227
- Professional fundraising fees
- $0
- Legal fees
- $1,053
- Accounting fees
- $12,030
- Occupancy
- $252,822
- Depreciation
- $81,201
- Program services (functional)
- $444,460
- Management and general (functional)
- $49,816
Balance sheet and other
- Total assets, start of year
- $2,527,586
- Total assets, end of year
- $2,435,629
- Total liabilities, end of year
- $39,894
- Net assets, end of year
- $2,395,735
- Land, buildings and equipment
- $2,242,075
- Net assets without donor restrictions
- $2,395,735
- Gross receipts
- $390,499
- Employees
- 2
- Year formed
- 2009
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES CRUSOE | PRESIDENT Trustee or director, Officer | – | $0 |
| LAQUITA R STOKES | SECRETARY Trustee or director, Officer | – | $0 |
| CHARLES CARPENTER JR | TREASURER Trustee or director, Officer | – | $0 |
| REBEKAH CRUSOE | MEMBER Trustee or director | – | $0 |
| GREG CUFFREY | MEMBER Trustee or director | – | $0 |
| VINCENT BAKER | MEMBER Trustee or director | – | $0 |
| WHITNEY MOORE-YOUNG | MEMBER Trustee or director | – | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES CRUSOE | PRESIDENT Trustee or director, Officer | – | $0 |
| LAQUITA R STOKES | SECRETARY Trustee or director, Officer | – | $0 |
| CHARLES CARPENTER JR | TREASURER Trustee or director, Officer | – | $0 |
| REBEKAH CRUSOE | MEMBER Trustee or director | – | $0 |
| GREG CUFFREY | MEMBER Trustee or director | – | $0 |
| VINCENT BAKER | MEMBER Trustee or director | – | $0 |
| WHITNEY MOORE-YOUNG | MEMBER Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 2131 WILSON RD, MEMPHIS, TN 38116-8636
- Principal officer (990 for 2024)
- JAMES CRUSOE, 4044 S BORDEAUX CRREK COVE, MEMPHIS, TN 38125
- Signed the 990
- JAMES CRUSOE, PRESIDENT
- Phone
- (901) 759-1855
- Return prepared by
- ROWLAND & CARTER CPAS PLLC
Mission
TO PROVIDE LOW INCOME AFFORDABLE HOUSING TO ELDERLY.
Program accomplishments
- MANAGEMENT AND DEVELOPMENT OF RENTAL HOUSING FOR LOW INCME OR ELDERLY THROUGH MORTGAGES FINANCED BY HUD AND RENT SUPPLEMENTS.Expenses $444,460 · revenue $390,499
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 27-0263021
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22)
- Assets (IRS master file)
- $2,435,629
- Income (IRS master file)
- $390,499
Revocation and reinstatement
- Exemption revoked
- November 15, 2011
- Posted by the IRS
- November 12, 2012
- Reinstated
- Effective November 15, 2011
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $390,499 | $494,276 | $2,435,629 | XML |
| 990 | June 2024 | $370,053 | $425,218 | $2,527,586 | XML |
| 990 | June 2023 | $359,657 | $419,166 | $2,588,346 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 27-0263021).
Questions about GRACE PLACE RETIREMENT COMMUNITY INC
- What is the EIN of GRACE PLACE RETIREMENT COMMUNITY INC?
- The employer identification number (EIN) of GRACE PLACE RETIREMENT COMMUNITY INC is 27-0263021.
- Is GRACE PLACE RETIREMENT COMMUNITY INC tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2011 and reinstated it effective November 15, 2011.
- Are donations to GRACE PLACE RETIREMENT COMMUNITY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does GRACE PLACE RETIREMENT COMMUNITY 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 PLACE RETIREMENT COMMUNITY 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 PLACE RETIREMENT COMMUNITY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of GRACE PLACE RETIREMENT COMMUNITY INC?
- The 990 for the year ended June 30, 2025 names JAMES CRUSOE.
- Who are the officers and directors of GRACE PLACE RETIREMENT COMMUNITY INC?
- The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does GRACE PLACE RETIREMENT COMMUNITY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $390,499, expenses of $494,276 and total assets of $2,435,629 at year end.
Other nonprofits in MEMPHIS
- HABITAT FOR HUMANITY INTERNATIONAL INC EIN 62-1157233 · last filed 990 for 2025
- THE WORKS INC EIN 62-1751430 · last filed 990 for 2024
- MEMPHIS UNION MISSION EIN 62-0541811 · last filed 990 for 2025
- THE HEALTH EDUCATIONAL AND HOUSING FACILITY BOARD OF THE CITY OF MEMP EIN 62-1209024 · last filed 990 for 2024
- UNITED HOUSING INC EIN 62-1597364 · last filed 990 for 2025
- PROMISE DEVELOPMENT CORPORATION EIN 31-1708526 · last filed 990 for 2023
- URBAN RENAISSANCE PARTNERS INC EIN 47-5487600 · last filed 990 for 2024
- MEMPHIS JEWISH HOUSING DEVELOPMENT CORP EIN 62-1027049 · last filed 990 for 2025