Grace Neighborhood Development Corporation

Philadelphia, PA
Tax-exempt since Dec. 2020
EIN: 23-2961701

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Neighborhood, Block Associations (NTEE)

Donations to this organization are tax deductible.

Revenue

$8.13M (2023)

Expenses

$5.73M (2023)

Total Assets

$10.8M (2023)

Total Liabilities

$1.01M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2023

Revenue

$8,127,974

Expenses

$5,729,150

Net Income

$2,398,824

Net Assets

$9,827,408

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$325,956	4.0%
Program Services	$7,372,725	90.7%
Investment Income	$405,316	5.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$14,400	0.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$9,577	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,854,282	67.3%

Assets/Debt
Total Assets	$10,841,291
Total Liabilities	$1,013,883
Net Assets	$9,827,408

Compensation

Key Employees and Officers	Compensation	Related	Other
Rev Dr Chandra S Soans (Executive Director)	$87,182	$36,400	$37,800
Frank Crawford (President)	$0	$0	$0
Christopher Pandian (Treasurer)	$0	$0	$0
Cheryl Mc Laughlin (Secretary)	$0	$0	$0
Dave Eckman (Board Member)	$0	$0	$0
Immanuel Regunesan (Trustee)	$0	$0	$0
Samuel Rajaseelan (Trustee)	$0	$0	$0
Daniel Dumpala (Trustee)	$0	$0	$0
Baaba Baido (Trustee)	$0	$0	$0
Ladawn Hightower (Trustee)	$0	$0	$0

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990

Filed on July 15, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2022

Revenue

$7,311,842

Expenses

$5,385,412

Net Income

$1,926,430

Net Assets

$7,428,584

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,520,862	20.8%
Program Services	$6,239,412	85.3%
Investment Income	-$318,455
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$14,400	0.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	-$144,377

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,633,774	67.5%

Assets/Debt
Total Assets	$8,198,389
Total Liabilities	$769,805
Net Assets	$7,428,584

Compensation

Key Employees and Officers	Compensation	Related	Other
Rev Dr Chandra S Soans (Executive Director)	$85,914	$37,150	$15,600
Rev Dr William Alexander (President)	$0	$0	$0
Christopher Pandian (Treasurer)	$0	$0	$0
Ladawn Hightower (Trustee)	$0	$0	$0
Immanuel Regunesan (Trustee)	$0	$0	$0
Cheryl Mc Laughlin (Treasurer)	$0	$0	$0
Samuel Maruthoti (Trustee)	$0	$0	$0
Frank Crawford (Trustee)	$0	$0	$0
Samuel Rajaseelan (Trustee)	$0	$0	$0

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990

Filed on June 13, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2021

Revenue

$6,744,086

Expenses

$4,655,808

Net Income

$2,088,278

Net Assets

$5,502,154

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,048,750	15.6%
Program Services	$5,525,765	81.9%
Investment Income	$158,655	2.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$5,700	0.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$5,216	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,106,736	66.7%

Assets/Debt
Total Assets	$6,570,287
Total Liabilities	$1,068,133
Net Assets	$5,502,154

Compensation

Key Employees and Officers	Compensation	Related	Other
Rev Dr Chandra S Soans (Executive Director)	$80,800	$39,740	$32,985
Rev Dr William Alexander (President)	$0	$0	$0
Christopher Pandian (Treasurer)	$0	$0	$0
Christine Montague (Secretary)	$0	$0	$0
Ladawn Lanier Hightower (Trustee)	$0	$0	$0
Immanuel Regunesan (Trustee)	$0	$0	$0
Arthur Priya (Trustee)	$0	$0	$0
Cheryl Mc Laughlin (Trustee)	$0	$0	$0
Samuel Maruthoti (Trustee)	$0	$0	$0

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990

Filed on July 13, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2020

Revenue

$5,376,849

Expenses

$4,192,672

Net Income

$1,184,177

Net Assets

$3,413,876

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$379,763	7.1%
Program Services	$4,899,484	91.1%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$97,602	1.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$77,675	1.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,769,354	66.1%

Assets/Debt
Total Assets	$4,697,490
Total Liabilities	$1,283,614
Net Assets	$3,413,876

Compensation

Key Employees and Officers	Compensation	Related	Other
Rev Dr Chandra S Soans (Executive Director)	$77,675	$0	$33,640
Rev Dr William Alexander (President)	$0	$0	$0
Christopher Pandian (Treasurer)	$0	$0	$0
Christine Montague (Secretary)	$0	$0	$0
Immanuel Regunesan (Trustee)	$0	$0	$0
Priya Lawrence (Trustee)	$0	$0	$0
Samuel Manoharan (Trustee)	$0	$0	$0
Cheryl Mc Laughlin (Trustee)	$0	$0	$0
Sumbo Soyemi (Trustee)	$0	$0	$0
Islande Luc (Trustee)	$0	$0	$0

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990

Filed on June 30, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2019

Revenue

$5,044,768

Expenses

$4,441,246

Net Income

$603,522

Net Assets

$2,229,699

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$52,026	1.0%
Program Services	$4,975,346	98.6%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$17,396	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$75,400	1.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,750,115	61.9%

Assets/Debt
Total Assets	$2,595,355
Total Liabilities	$365,656
Net Assets	$2,229,699

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 4) PDF (3 of 4) PDF (4 of 4)

Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2018

Revenue

$3,613,968

Expenses

$3,722,962

Net Income

-$108,994

Net Assets

$1,626,177

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$32,518	0.9%
Program Services	$3,581,809	99.1%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	-$359

Notable Expenses		Percent of Total Expenses
Executive Compensation	$70,200	1.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,272,827	61.0%

Assets/Debt
Total Assets	$2,152,972
Total Liabilities	$526,795
Net Assets	$1,626,177

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 3) PDF (3 of 3)

Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2017

Revenue

$3,241,730

Expenses

$2,887,739

Net Income

$353,991

Net Assets

$1,735,171

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$73,829	2.3%
Program Services	$3,167,264	97.7%
Investment Income	$637	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$64,250	2.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,746,106	60.5%

Assets/Debt
Total Assets	$2,066,159
Total Liabilities	$330,988
Net Assets	$1,735,171

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 3) PDF (3 of 3)

Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2016

Revenue

$2,859,502

Expenses

$2,438,263

Net Income

$421,239

Net Assets

$1,381,180

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$15,300	0.5%
Program Services	$2,831,664	99.0%
Investment Income	$12,511	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$27	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$67,135	2.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,519,261	62.3%

Assets/Debt
Total Assets	$1,656,332
Total Liabilities	$275,152
Net Assets	$1,381,180

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2015

Revenue

$2,404,795

Expenses

$2,290,383

Net Income

$114,412

Net Assets

$959,941

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,394,165	99.6%
Investment Income	$5,756	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$4,874	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$64,795	2.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,401,542	61.2%

Assets/Debt
Total Assets	$1,148,567
Total Liabilities	$188,626
Net Assets	$959,941

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$2,191,575

Expenses

$2,192,375

Net Income

-$800

Net Assets

$845,529

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,185,477	99.7%
Investment Income	$4,902	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,196	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$59,190	2.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,316,719	60.1%

Assets/Debt
Total Assets	$1,025,960
Total Liabilities	$180,431
Net Assets	$845,529

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$1,677,463

Expenses

$1,331,692

Net Income

$345,771

Net Assets

$846,329

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,662,022	99.1%
Investment Income	$10,669	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$4,772	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$44,290	3.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$873,761	65.6%

Assets/Debt
Total Assets	$1,019,706
Total Liabilities	$173,377
Net Assets	$846,329

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$778,028

Expenses

$823,825

Net Income

-$45,797

Net Assets

$500,558

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$775,322	99.7%
Investment Income	$1,458	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,248	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$586,092	71.1%

Assets/Debt
Total Assets	$548,624
Total Liabilities	$48,066
Net Assets	$500,558

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$700,123

Expenses

$722,168

Net Income

-$22,045

Net Assets

$546,355

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$696,707	99.5%
Investment Income	$3,416	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$500,742	69.3%

Assets/Debt
Total Assets	$618,678
Total Liabilities	$72,323
Net Assets	$546,355

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Raw filing data. Includes EINs and summary financials as structured data.
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Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Updated December 2, 2024

Grace Neighborhood Development Corporation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $8.13M (2023)

Expenses $5.73M (2023)

Total Assets $10.8M (2023)

Total Liabilities $1.01M (2023)

Tax Filings and Audits by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Audits

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Audits

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Audits

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Audits

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

Revenue

$8.13M (2023)

Expenses

$5.73M (2023)

Total Assets

$10.8M (2023)

Total Liabilities

$1.01M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2001