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Nonprofiteer
← FAMILY PROMISE OF WAKE COUNTY INC

Form 990 for tax year 2023

Filed by FAMILY PROMISE OF WAKE COUNTY INC.

Totals

Total revenue
$1,887,279
Total expenses
$945,483
Contributions and grants received
$1,848,283
Grants paid
$356,139
Program service revenue
$11,805
Investment income
$27,191
Other revenue
$0
Total assets, end of year
$3,537,791
Total liabilities, end of year
$1,322,563
Net assets or fund balances, end of year
$2,215,228
Program services expenses (Part IX)
$720,610
Management and general expenses
$139,924
Fundraising expenses
$84,949
Program service expenses (Part III)
$720,610

Program services were 76.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $300,221

  • 1f · All other contributions, gifts and grants

    $1,548,062

  • 1g · Noncash contributions included above

    $110,991

  • 2a · Program service revenue: PROGRAM SERVICE FEE

    total $11,805 · related or exempt $11,805

  • 3 · Investment income

    total $10,525 · excluded $10,525

  • 7a · Gross sales of assets other than inventory

    other assets $19,410

  • 7b · Less cost or other basis and sales expenses

    other assets $2,744

  • 7c · Gain or loss

    other assets $16,666

  • 7d · Net gain or loss

    total $16,666 · excluded $16,666

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $356,139 · program services $356,139

  • 5 · Compensation of officers, directors and key employees

    total $98,139 · program services $33,145 · management and general $32,121 · fundraising $32,873

  • 7 · Other salaries and wages

    total $251,028 · program services $166,934 · management and general $53,474 · fundraising $30,620

  • 8 · Pension plan contributions

    total $552 · program services $316 · management and general $135 · fundraising $101

  • 9 · Other employee benefits

    total $25,417 · program services $14,565 · management and general $6,231 · fundraising $4,621

  • 10 · Payroll taxes

    total $29,152 · program services $16,705 · management and general $7,146 · fundraising $5,301

  • 11c · Fees: accounting

    total $29,750 · management and general $29,750

  • 11g · Fees: other

    total $3,031 · program services $1,737 · management and general $743 · fundraising $551

  • 13 · Office expenses

    total $15,065 · program services $12,770 · management and general $1,586 · fundraising $709

  • 14 · Information technology

    total $5,290 · program services $4,660 · management and general $315 · fundraising $315

  • 16 · Occupancy

    total $3,768 · management and general $1,884 · fundraising $1,884

  • 17 · Travel

    total $6,822 · program services $6,287 · management and general $146 · fundraising $389

  • 19 · Conferences, conventions and meetings

    total $1,797 · program services $1,617 · management and general $90 · fundraising $90

  • 22 · Depreciation, depletion and amortization

    total $49,383 · program services $44,445 · management and general $2,469 · fundraising $2,469

  • 23 · Insurance

    total $14,349 · program services $13,403 · management and general $473 · fundraising $473

  • 24a · Other expenses: PROGRAM COSTS & SUPPLIE

    total $32,460 · program services $32,460

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $11,401 · program services $11,401

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $6,768 · program services $4,026 · management and general $775 · fundraising $1,967

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $5,172 · management and general $2,586 · fundraising $2,586

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $624,519 · end of year $330,922

  • 2 · Savings and temporary cash investments

    beginning of year $24,816 · end of year $0

  • 4 · Accounts receivable

    beginning of year $137,546 · end of year $59,460

  • 9 · Prepaid expenses and deferred charges

    end of year $5,893

  • 10a · Land, buildings and equipment: cost or other basis

    $1,019,042

  • 10b · Land, buildings and equipment: accumulated depreciation

    $406,642

  • 10c · Land, buildings and equipment, net

    beginning of year $574,527 · end of year $612,400

  • 11 · Investments: publicly traded securities

    end of year $1,308,908

  • 15 · Other assets

    beginning of year $1,270,257 · end of year $1,220,208

  • 17 · Accounts payable and accrued expenses

    beginning of year $42,232 · end of year $29,791

  • 21 · Escrow or custodial account liability

    beginning of year $21,180 · end of year $16,029

  • 25 · Other liabilities

    beginning of year $1,302,099 · end of year $1,276,743

  • 27 · Net assets without donor restrictions

    beginning of year $1,266,154 · end of year $2,215,228

Mission and programs · 2023

Mission

MOVING FAMILIES AT RISK OF OR EXPERIENCING HOMELESSNESS INTO SUSTAINABLE, PERMANENT HOUSING IN OUR COMMUNITY THROUGH A CONTINUUM OF SUPPORT SERVICES.

Activities or mission (Part I)

IN 2023, ARE TWO NEW PROGRAMS WITH THE GOAL OF HELPING FAMILIES TO EITHER REMAIN IN THEIR HOMES AND AVOID HOMELESSNESS OR TO DIVERT FAMILIES EXPERIENCING HOMELESSNESS FROM ENTERING EMERGENCY SHELTER AND SECURING NEW HOUSING CONTINUED TO GROW AND ACHIEVE SUCCESS. THE TRAUMA CHILDREN EXPERIENCE FROM AN EVICTION EVENT AND BEING HOMELESS CAN TAKE A LIFETIME TO OVERCOME. LAST YEAR, WE SERVED 127 FAMILIES, THE HIGHEST NUMBER IN OUR 30 YEAR HISTORY.

  • ANNUALLY, OUR EMERGENCY SHELTER PROGRAM PROVIDES TEMPORARY SHELTER TO ABOUT 50 FAMILIES EXPERIENCING HOMELESSNESS. WITH LOCAL CONGREGATIONS PROVIDING EVENING SHELTER AND DAILY MEALS ON A WEEKLY BASIS, FAMILY PROMISE OF WAKE COUNTY PROVIDES SUPPORTIVE SERVICES AND CASE MANAGEMENT AT THE DAY CENTER. THE DAY CENTER IS ALSO A SAFE PLACE FOR FAMILIES TO BE DURING THE DAY WHILE THEY WORK THROUGH INDIVIDUAL BARRIERS TO PERMANENT HOUSING WITH STAFF ASSISTANCE.

    Expenses $541,397 · Grants $267,568

  • THROUGH OUR HOMELESS PREVENTION PROGRAM, A HAND UP, WE HELPED 79 FAMILIES AVOID AN EVICTION AND SAFELY REMAIN IN THEIR HOMES. WE PARTNER WITH THE SCHOOL SOCIAL WORKERS TO PROVIDE COORDINATED ASSISTANCE AND CASE MANAGEMENT TO THESE FAMILIES SO THAT THEY AND ESPECIALLY THEIR CHILDREN DO NOT HAVE TO EXPERIENCE THE TRAUMA FROM AN EVICTION EVENT.

    Expenses $126,680 · Grants $62,608 · Revenue $11,805

  • ANNUALLY, OUR PERMANENT HOUSING PROGRAMS - RAPID REHOUSING & NEW LEASE ON LIFE - PLACES ABOUT 40 FAMILIES IN PERMANENT HOUSING. THIS HOUSING IS USUALLY WITHIN WAKE COUNTY AND PROVIDED AT AFFORDABLE RATES. IF NECESSARY, FAMILY PROMISE CAN PROVIDE MINIMAL FINANCIAL ASSISTANCE TO ENSURE THAT THE FAMILIES ARE ABLE TO MAINTAIN THEIR PERMANENT HOUSING PLACEMENTS. AS WITH OUR OTHER PROGRAMS, CASE MANAGEMENT SERVICES ARE ALSO PROVIDED TO ASSIST FAMILIES AS NEEDED.

    Expenses $52,533 · Grants $25,963

As filed on the 2023 return.

Listed in Part VII

  • Lori Christian

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Pastor Anthony Bailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jay Wells

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Crystal Bodie-Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nick Verna

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Edwin Braswell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Gloria Mittman

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Camden Betz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lazaro Blackmon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Jane Gray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Charles George

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Samuel Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ellie Santos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Debbie Allen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Scott Ferris

    EXECUTIVE DIRECTOR

    Total calculated
    $98,139
    From this org
    $95,015
    From related orgs
    $0
    Other
    $3,124
    Hours/week
    50

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202403139349303020

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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