Mission
TO OPERATE AN APARTMENT COMPLEX OF 168 UNITS TO PROVIDE LOW-INCOME HOUSING FOR ELDERLY TENANTS.
Public Charity
GRACE TOWER INC
GRACE TOWER INC is a Public Charity headquartered in SAN DIEGO, CA. Financial data from the 2025 filing: $6.5M revenue, $2.4M expenses, $43.7M total assets.
EIN: 952461674
SAN DIEGO, CA
Senior Citizens Housing & Retirement Communities
NTEE: L22
Latest filing: 2025
Total Revenue$6.5M
Total Expenses$2.4M
Total Assets$43.7M
Grant Records0
Filing Years2021–2025
Where $100 goes at Grace Tower Inc
How Grace Tower Inc divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$79
Programs
the work itself
$21
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $79 for programs
$79
H.U.D
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
Director
Al Deberardinis
Director
Drew Hubbell
President
Emil J Wohl
Director
James A Chatfield
Director
Michael Gibson
Secretary/CFO
Robert L Rentto
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $6.5M | $2.4M | $43.7M |
| 2024 | $5.5M | $2.3M | $39.6M |
| 2023 | $5.1M | $2.2M | $36.6M |
| 2022 | $4.2M | $2.1M | $34.0M |
| 2021 | $4.1M | $2.1M | $32.1M |
Between 2021 and 2025, reported annual revenue grew from $4.1M to $6.5M (+61%), with total assets most recently reported at $43.7M.
Interactive year-over-year charts and full filing details available with membership.