Civic Intelligence

Grace and Truth Community Development Corporation Inc

990 • Fiscal year 2020 • EIN 33-1020194

Oct 01, 2019 to Sep 30, 2020 • Filed on Dec 17, 2021

Organization Profilewww.graceandtruth.org
932 North Shore DriveJacksonville, FL 32208

(904) 338-9990

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

96th percentile

1.31x

Higher debt load relative to assets than 96% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

97th percentile

8.23x

Higher debt load relative to revenue than 97% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

12th percentile

-29%

Higher net margin than 12% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

48th percentile

$53,869

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 15.2% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

13th percentile

-5.8%

Faster asset growth than 13% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2020

Revenue Growth

22nd percentile

-22%

Faster revenue growth than 22% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2020

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$2,216,181

Down $279,081 (-11%) from 2018

Net Assets

Down

-$694,377

Down $1,058,001 (-291%) from 2018

Liabilities

Up

$2,910,558

Up $778,920 (+37%) from 2018

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin12th percentile

Revenue

Down

$353,566

Down $226,436 (-39%) from 2018

Expenses

Down

$454,702

Down $170,378 (-27%) from 2018

Net Income

Down

-$101,136

Down $56,058 (-124%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$2.0M$0-$2.0MAssets 2013: $1,831,771Liabilities 2013: $724,998Net Assets 2013: $1,106,7732013Assets 2014: $2,142,272Liabilities 2014: $911,614Net Assets 2014: $1,230,6582014Assets 2016: $2,036,304Liabilities 2016: $1,038,614Net Assets 2016: $997,6902016Assets 2018: $2,495,262Liabilities 2018: $2,131,638Net Assets 2018: $363,6242018Assets 2020: $2,216,181Liabilities 2020: $2,910,558Net Assets 2020: -$694,3772020Assets 2021: $2,397,447Liabilities 2021: $3,273,715Net Assets 2021: -$876,2682021Assets 2022: $745,591Liabilities 2022: $1,855,244Net Assets 2022: -$1,109,6532022

Highlighted filing

2020

Assets$2,216,181
Liabilities$2,910,558
Net Assets-$694,377
Open 2020 Filing

Operations Trend

Revenue Growth22nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2013: $532,4012013Revenue 2014: $465,965Expenses 2014: $342,080Net Income 2014: $123,8852014Revenue 2016: $10,952Expenses 2016: $259,045Net Income 2016: -$248,0932016Revenue 2018: $580,002Expenses 2018: $625,080Net Income 2018: -$45,0782018Revenue 2020: $353,566Expenses 2020: $454,702Net Income 2020: -$101,1362020Revenue 2021: $179,740Expenses 2021: $361,631Net Income 2021: -$181,8912021Revenue 2022: $238,219Expenses 2022: $346,001Net Income 2022: -$107,7822022

Highlighted filing

2020

Revenue$353,566
Expenses$454,702
Net Income-$101,136
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Dec 17, 2021
Return Version
2019v5.0
Gross Receipts
$474,858
Mission and Program Overview

Mission

To develop affordable housing to offer for sale and/or rental occupancy to low & moderate income people living in the northwest area of Jacksonville Florida.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$676,256$819,717▲ $143,461
Land, Buildings, and Equipment, Net$716,329$579,184▼ $137,145
Prepaid Expenses and Deferred Charges$13,738$12,361▼ $1,377
Cash and Non-Interest-Bearing Accounts$20,579$11,045▼ $9,534
Loans From Officers Directors-$6,911-
Receivables From Officers Etc$4,650$0▼ $4,650
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$2,225,426$2,216,181▼ $9,245
Other Assets Total$793,874$793,874→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,574,105$2,628,950▲ $54,845
Accounts Payable and Accrued Expenses$226,817$234,839▲ $8,022
Other Liabilities$17,745$39,858▲ $22,113
Total Liabilities$2,818,667$2,910,558▲ $91,891
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-593,241$-694,377▼ $101,136
Total Net Assets Fund Balance$-593,241$-694,377▼ $101,136
Total Liabilities and Net Assets / Fund Balance$2,225,426$2,216,181▼ $9,245

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$504,441$123,197$627,638
Land$57,427-$57,427
Other Land Buildings$12,815$35,256$48,071
Equipment$4,501$31,792$36,293
Other Assets Org$1,267--
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Bishop Eugene M JohnsonCEOFT$53,869$53,869

Board Members and Trustees

NameTitle
Ellis Maduaka-CainChairman
Joun LasswellMember
Sheila PressleyMember
Cassandra PersonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$263,046
Program Service Revenue
$51,285
Investment Income
$-6,292
Other Revenue
$45,527
All Other Contributions
$180,768
Change in Net Assets
$-101,136

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Residential1$179,538Appraisal
Total Noncash Contributions1$179,538-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$379,695
Salaries, Compensation, and Employee Benefits$75,007
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$170,836--$170,836
Current Officers, Directors, Trustees, and Key Employees$46,327$7,541-$53,868
Depreciation Depletion$27,692--$27,692
Insurance$20,144$3,555-$23,699
Other Salaries and Wages$11,706$2,700-$14,406
All Other Expenses$11,131$1,975-$13,106
Occupancy$10,200$1,800-$12,000
Other Expenses$11,152--$11,152
Payroll Taxes$5,723$1,010-$6,733
Fees for Services Legal$505$6,150-$6,655
Travel$3,874$683-$4,557
Office Expenses$925$163-$1,088
Advertising$507$89-$596
Total Functional Expenses$429,036$25,666$0$454,702
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$6,911-
Receivables from Officers, Directors, Trustees, and Key Employees$4,650$0▼ $4,650
Receivables from Disqualified Persons-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Conditional Contribution$22,615
Security deposits$17,243
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Board of directors review return with executive director prior to filing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Form 990 Part VI, Section B, Line 11A:

“After completion of the financial audit, the CPA prepares the form 990 for review and forwards to the president/executive director. Each board member is provided access to the form 990 for review and approval prior to filing. The form 990 is also mafe available online. Form 990, Patr Vi, Section B, Line 19: All governing documents (e.g. Bylaws, Conflict of interest, whistle blowing policy statement, ect.) are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Grace and Truth Community Development
EIN
33-1020194
Phone
9043389990
Address
932 North Shore Drive, Jacksonville, FL 32208

Signing Officer

Name
Bishop Eugene M Johnson
Title
CEO
Signed
2021-12-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bishop Eugene M Johnson
Formed
2001
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
4
Employees
2

Preparer

Firm
Howard & Company Cpas Pa
Address
4745 SUTTON PARK COURT STE 102, JACKSONVILLE, FL 32224
Preparer
John W Howard CPA
Phone
9044210690
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Organization adopted "Accounting for Uncertainty in Income Taxes". Professional standards prescribe a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and also provides guidance on various related matters such as derecognition, interest, penalties and disclosure required. Grace and Truth Community Development Corporation is subject to taxation in the United States and the tax years 2017, 2018, and 2019 are subject to examination by tax authorities.”

Raw XML AppendixShowing 400 of 453 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0226817
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0234839
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0To develop affordable housing to offer for sale and/or rental occupancy to low & moderate income people living in the northwest area of Jacksonville Florida.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt089
IRS990/AdvertisingGrp/ProgramServicesAmt0507
IRS990/AdvertisingGrp/TotalAmt0596
IRS990/AllOtherContributionsAmt0180768
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01975
IRS990/AllOtherExpensesGrp/ProgramServicesAmt011131
IRS990/AllOtherExpensesGrp/TotalAmt013106
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0false
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Bishop Johnson
IRS990/BooksInCareOfDetail/PhoneNum09043437206
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0932 North Shore Drive
IRS990/BooksInCareOfDetail/USAddress/CityNm0Jacksonville
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd032208
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt020579
IRS990/CashNonInterestBearingGrp/EOYAmt011045
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt07541
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt046327
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt053868
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0263046
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0-6292
IRS990/CYOtherExpensesAmt0379695
IRS990/CYOtherRevenueAmt045527
IRS990/CYProgramServiceRevenueAmt051285
IRS990/CYRevenuesLessExpensesAmt0-101136
IRS990/CYSalariesCompEmpBnftPaidAmt075007
IRS990/CYTotalExpensesAmt0454702
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0353566
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0true
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt027692
IRS990/DepreciationDepletionGrp/TotalAmt027692
IRS990/Desc0To develope affordable housing to offer for sale and/or rental occupancy to low & moderate income people living in the northwest area of Jacksonville, Florida
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0429036
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt06150
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0505
IRS990/FeesForServicesLegalGrp/TotalAmt06655
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0Bishop Eugene M Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm1Cassandra Person
IRS990/Form990PartVIISectionAGrp/PersonNm2Ellis Maduaka-Cain
IRS990/Form990PartVIISectionAGrp/PersonNm3Joun Lasswell
IRS990/Form990PartVIISectionAGrp/PersonNm4Sheila Pressley
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt053869
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt3Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Member
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0-6292
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GovernmentGrantsAmt082278
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0115000
IRS990/GrossReceiptsAmt0474858
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt03555
IRS990/InsuranceGrp/ProgramServicesAmt020144
IRS990/InsuranceGrp/TotalAmt023699
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt0170836
IRS990/InterestGrp/TotalAmt0170836
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0676256
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0819717
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0190245
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0716329
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0579184
IRS990/LandBldgEquipCostOrOtherBssAmt0769429
IRS990/LegalDomicileStateCd0FL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0121292
IRS990/LoanOutstandingInd0true
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt06911
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To develop affordable housing to offer for sale and/or rental occupancy to low & moderate income people living in the northwest area of Jacksonville Florida.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02574105
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02628950
IRS990/NetAssetsOrFundBalancesBOYAmt0-593241
IRS990/NetAssetsOrFundBalancesEOYAmt0-694377
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-6292
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-6292
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-593241
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-694377
IRS990/NoncashContributionsAmt0179538
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt01800
IRS990/OccupancyGrp/ProgramServicesAmt010200
IRS990/OccupancyGrp/TotalAmt012000
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0163
IRS990/OfficeExpensesGrp/ProgramServicesAmt0925
IRS990/OfficeExpensesGrp/TotalAmt01088
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0793874
IRS990/OtherAssetsTotalGrp/EOYAmt0793874
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Decline in Market Value of Inv
IRS990/OtherExpensesGrp/Desc1Program expenses
IRS990/OtherExpensesGrp/Desc2Closing Cost
IRS990/OtherExpensesGrp/Desc3Utilities
IRS990/OtherExpensesGrp/ProgramServicesAmt062345
IRS990/OtherExpensesGrp/ProgramServicesAmt127378
IRS990/OtherExpensesGrp/ProgramServicesAmt218591
IRS990/OtherExpensesGrp/ProgramServicesAmt311152
IRS990/OtherExpensesGrp/TotalAmt062345
IRS990/OtherExpensesGrp/TotalAmt127378
IRS990/OtherExpensesGrp/TotalAmt218591
IRS990/OtherExpensesGrp/TotalAmt311152
IRS990/OtherLiabilitiesGrp/BOYAmt017745
IRS990/OtherLiabilitiesGrp/EOYAmt039858
IRS990/OtherRevenueMiscGrp/Desc0Misc
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt045527
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt045527
IRS990/OtherRevenueTotalAmt045527
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02700
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt011706
IRS990/OtherSalariesAndWagesGrp/TotalAmt014406
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01010
IRS990/PayrollTaxesGrp/ProgramServicesAmt05723
IRS990/PayrollTaxesGrp/TotalAmt06733
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013738
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012361
IRS990/PrincipalOfficerNm0Bishop Eugene M Johnson
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0Rental Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt051285
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt051285
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0533978
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0941809
IRS990/PYOtherRevenueAmt0-69778
IRS990/PYProgramServiceRevenueAmt054268
IRS990/PYRevenuesLessExpensesAmt0-532390
IRS990/PYSalariesCompEmpBnftPaidAmt0109049
IRS990/PYTotalExpensesAmt01050858
IRS990/PYTotalRevenueAmt0518468
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt04650
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-101136
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0263596
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0533978
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0501077
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0210225
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt075101
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01583977
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt051285
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt071228
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt067114
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt071228
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt061648
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0322503
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.76950
IRS990ScheduleA/PublicSupportTotal170Amt01583977
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0263596
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0533978
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0501077
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0210225
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt075101
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01583977
IRS990ScheduleA/TotalSupportAmt02058537
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt038685
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt010136
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt062920
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt019057
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt021259
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt0152057
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0504441
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0123197
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0627638
IRS990ScheduleD/EquipmentGrp/BookValueAmt04501
IRS990ScheduleD/EquipmentGrp/DepreciationAmt031792
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt036293
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt057427
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt057427
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0792607
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11267
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Construction in progress
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deposits
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt012815
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt035256
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt048071
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022615
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt117243
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Conditional Contribution
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Security deposits
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization adopted "Accounting for Uncertainty in Income Taxes". Professional standards prescribe a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and also provides guidance on various related matters such as derecognition, interest, penalties and disclosure required. Grace and Truth Community Development Corporation is subject to taxation in the United States and the tax years 2017, 2018, and 2019 are subject to examination by tax authorities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0579184
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0793874
IRS990ScheduleD/TotalLiabilityAmt039858
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt06911
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Working Cap
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt06911
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Bishop Johnson
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0President
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt06911
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/RealEstateResidentialGrp/ContributionCnt01
IRS990ScheduleM/RealEstateResidentialGrp/MethodOfDeterminingRevenuesTxt0Appraisal
IRS990ScheduleM/RealEstateResidentialGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateResidentialGrp/NoncashContributionsRptF990Amt0179538
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board of directors review return with executive director prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2After completion of the financial audit, the CPA prepares the form 990 for review and forwards to the president/executive director. Each board member is provided access to the form 990 for review and approval prior to filing. The form 990 is also mafe available online. Form 990, Patr Vi, Section B, Line 19: All governing documents (e.g. Bylaws, Conflict of interest, whistle blowing policy statement, ect.) are made available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 Part VI, Section B, Line 11a:
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02225426
IRS990/TotalAssetsEOYAmt02216181
IRS990/TotalAssetsGrp/BOYAmt02225426
IRS990/TotalAssetsGrp/EOYAmt02216181
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0263046
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025666
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0429036
IRS990/TotalFunctionalExpensesGrp/TotalAmt0454702
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02818667
IRS990/TotalLiabilitiesEOYAmt02910558

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,216,181
Liabilities
$2,910,558
Net assets
-$694,377
Revenue
$353,566
Expenses
$454,702
Net income
-$101,136
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.75$1.86$1.11$0.24$0.35$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.40$3.27$0.88$0.18$0.36$0.18
2020Detailed filing. Detailed filing data is available for this year.$2.22$2.91$0.69$0.35$0.45$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.50$2.13$0.36$0.58$0.63$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.04$1.04$1.00$0.01$0.26$0.25
2014Detailed filing. Detailed filing data is available for this year.$2.14$0.91$1.23$0.47$0.34$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.83$0.72$1.11$0.53
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $1M-$5M nonprofits