Nonprofit · EIN 87-4626378
GRACE HOUSING
Tax-exempt · OKOLONA, MS 38860
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $26,039 | $52,625 | -$26,586 | $488,236 | $1,223 | $487,013 |
| September 30, 2024 | 990 | $31,743 | $46,577 | -$14,834 | $514,726 | $1,127 | $513,599 |
| September 30, 2023 | 990 | $39,653 | $48,976 | -$9,323 | $529,157 | $724 | $528,433 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $8,015
- Program service revenue
- $0
- Investment income
- $0
- Net rental income
- $18,024
- Other revenue
- $18,024
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $5,000
- Occupancy
- $10,802
- Depreciation
- $12,515
- Program services (functional)
- $47,125
- Management and general (functional)
- $5,500
Balance sheet and other
- Total assets, start of year
- $514,726
- Total assets, end of year
- $488,236
- Total liabilities, end of year
- $1,223
- Net assets, end of year
- $487,013
- Land, buildings and equipment
- $458,885
- Net assets without donor restrictions
- $484,208
- Net assets with donor restrictions
- $2,805
- Gross receipts
- $26,039
- Employees
- 0
- Year formed
- 2022
- State of legal domicile
- MS
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gary Ervin | President Trustee or director, Officer | 0.5 | $0 |
| Eldridge Lowe | Board Member Trustee or director | 0.5 | $0 |
| Stella Smith | Board Member Trustee or director | 0.5 | $0 |
| Bobbie Montgomery | Board Member Trustee or director | 0.5 | $0 |
| Susan Schultz | Board Member Trustee or director | 1 | $0 |
| Elizabeth Brown | Ex Official Officer | 1 | $0 |
| Nancy Schreck | Recording Secretary Officer | 1 | $0 |
| Debbra Shelton | Finance Officer Officer | 1 | $0 |
990 for the year ended September 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bobbie Montgomery | Board Member Trustee or director | 0.5 | $0 |
| Susan Schultz | Board Member Trustee or director | 1 | $0 |
| Stella Smith | Board Member Trustee or director | 0.5 | $0 |
| Gary Ervin | President Trustee or director, Officer | 0.5 | $0 |
| Jan West | Vice President Trustee or director, Officer | 0.5 | $0 |
| Debbra Shelton | Finance Officer Officer | 1 | $0 |
| Nancy Schreck | Recording Secretary Officer | 1 | $0 |
| Elizabeth Brown | Ex Official Officer | 1 | $0 |
990 for the year ended September 30, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gary Ervin | President Trustee or director | 0.5 | $0 |
| Susan Schultz | Director Trustee or director | 0.5 | $0 |
| Bobbie Montgomery | Director Trustee or director | 0.5 | $0 |
| Stella Smith | Director Trustee or director | 0.5 | $0 |
| Jan West | Director Trustee or director | 0.5 | $0 |
| Debbra Shelton | Finance Officer Officer | 0.5 | $0 |
| Elizabeth Brown | Executive Dir. Officer | 1 | $0 |
| Nancy Schreck | Secretary Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 230 W MAIN ST, OKOLONA, MS 38860-1425
- In care of
- % NANCY SCHRECK
- Signed the 990
- NANCY SCHRECK, Executive Director
- Phone
- (662) 447-2030
- Return prepared by
- MM Winkler & Associates PLLC
Mission
Provide affordable housing and social support to people in economic need.
Program accomplishments
- Provide affordable housing for senior citizens and temporary housing for women and children.Expenses $47,125
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 87-4626378
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- September
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Housing and shelter (L41)
- Assets (IRS master file)
- $488,236
- Income (IRS master file)
- $26,039
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $26,039 | $52,625 | $488,236 | XML |
| 990 | September 2024 | $31,743 | $46,577 | $514,726 | XML |
| 990 | September 2023 | $39,653 | $48,976 | $529,157 | XML |
| 990 | September 2022 | $567,947 | $30,191 | $538,873 | 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 87-4626378).
Questions about GRACE HOUSING
- What is the EIN of GRACE HOUSING?
- The employer identification number (EIN) of GRACE HOUSING is 87-4626378.
- Is GRACE HOUSING tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to GRACE HOUSING tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GRACE HOUSING file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of GRACE HOUSING due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GRACE HOUSING last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who are the officers and directors of GRACE HOUSING?
- The 990 for the year ended September 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does GRACE HOUSING have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $26,039, expenses of $52,625 and total assets of $488,236 at year end.
Other nonprofits in OKOLONA
- MISSISSIPPI MINORITY FARMERS ALLIANCE INC EIN 46-5131800 · last filed 990 for 2024
- KIDS FIRST PRESCHOOL & CHILDCARE EIN 81-1067697 · last filed 990 for 2024
- EXCEL INC EIN 64-0801905 · last filed 990 for 2025
- APPA-ASSOCIATION OF HIGHER EDUCATION FACILITIES OFFICERS EIN 23-7001063 · last filed 990 for 2026
- NORTH MS HOUSING DEVELOPMENT CORPORATION EIN 99-2337586 · last filed 990 for 2025
- WREN VOLUNTEER FIRE DEPARTMENT INC C/O JAMES C ARCHER EIN 64-0704300 · last filed 990-EZ for 2025
- OKOLONA AREA CHAMBER OF COMMERCE EIN 64-0295300 · last filed 990 for 2025
- OKOLONA CONCERNED PARENTS ORGANIZATION EIN 82-4975874 · last filed 990-N for 2025
All nonprofits in OKOLONA · Mississippi · Housing and shelter