Family Promise Of Grand Rapids
- Assets
- $5.6m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 54
- Location
- Grand Rapids, MI
- Founding
- 11/1997
- Data as of
- 12/2022
- EIN
- 38-3357709
Organization Overview
Family Promise Of Grand Rapids is located in Grand Rapids, MI. The organization was established in 1997. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Family Promise Of Grand Rapids employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Promise Of Grand Rapids is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Family Promise Of Grand Rapids generated $8.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $5.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES SHELTER, BASIC NEEDS, STABILIZATION SERVICES, AND HOUSING SOLUTIONS TO FAMILIES EXPERIENCING HOMELESSNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMERGENCY SHELTER - PROVIDES CHILDREN AND THEIR FAMILIES WITH SAFE SHELTER, BASIC NEEDS, AND SUPPORTIVE SERVICES AS THEY SEEK PERMANENT HOUSING.
PARTNERS IN HOUSING- PROVIDES AFFORDABLE HOUSING TO FAMILIES WITH CHILDREN EXPERIENCING HOMELESSNESS WITH AN OPPORTUNITY FOR HOME OWNERSHIP.
FAMILY AND EARLY CHILDHOOD SERVICES - PROVIDES SUPPORTIVE SERVICES TO FAMILIES NEWLY TRANSITIONED INTO HOUSING TO ENSURE THEY CAN STAY SECURELY HOUSED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Schuch Executive Director | Officer | 40 | $126,728 |
Nathan Trathen Treasurer | OfficerTrustee | 5 | $0 |
Susan Stoddard President | OfficerTrustee | 5 | $0 |
Crystel Imperi Secretary | OfficerTrustee | 5 | $0 |
Tenisa Frye Vice President | OfficerTrustee | 5 | $0 |
Glenda Williams Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $579,918 |
| Membership dues | $0 |
| Fundraising events | $193,327 |
| Related organizations | $0 |
| Government grants | $3,191,049 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,941,531 |
| Noncash contributions included in lines 1a–1f | $185,919 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,905,825 |
| Total Program Service Revenue | $0 |
| Investment income | $15,170 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $98,483 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$18,132 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,020,589 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,726,520 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $138,633 |
| Compensation of current officers, directors, key employees. | $55,453 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,878,999 |
| Pension plan accruals and contributions | $33,027 |
| Other employee benefits | $83,318 |
| Payroll taxes | $171,494 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,612 |
| Fees for services: Accounting | $41,210 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $180,745 |
| Advertising and promotion | $20,813 |
| Office expenses | $64,066 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $438,898 |
| Travel | $66,735 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,389 |
| Insurance | $44,332 |
| All other expenses | $59,400 |
| Total functional expenses | $5,903,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,607,928 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,407,911 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,956 |
| Net Land, buildings, and equipment | $1,527,109 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,567 |
| Total assets | $5,594,471 |
| Accounts payable and accrued expenses | $86,411 |
| Grants payable | $2,765 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $40,908 |
| Total liabilities | $130,084 |
| Net assets without donor restrictions | $3,329,116 |
| Net assets with donor restrictions | $2,135,271 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,594,471 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Family Promise Of Grand Rapids has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Larry And Karen Mulder Foundation Zeeland, MI PURPOSE: UNRESTRICTED GRANT TO GENERAL FUND | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cinnaire Corporation Cinnaire Lansing, MI | $74,619,323 | $21,850,720 |
Bethany Housing Ministries Inc Muskegon, MI | $4,087,536 | $16,635,219 |
Milwaukee Habitat For Humanity Milwaukee, WI | $24,987,795 | $20,382,762 |
Habitat For Humanity International Inc Cincinnati, OH | $19,861,311 | $21,403,808 |
Buckeye Community Hope Foundation Columbus, OH | $50,429,521 | $11,276,532 |
Caracole Inc Cincinnati, OH | $7,131,053 | $11,567,326 |
Taylor Community Development Corp Taylor, MI | $29,334,174 | $14,242,807 |
Habitat For Humanity International Inc Indianapolis, IN | $27,221,776 | $14,208,425 |
Western Reserve Revitalization & Management Co Cleveland, OH | $81,496,475 | $17,708,509 |
Affordable Housing Partners Inc Carmel, IN | $150,650,716 | $9,214,618 |
Famicos Foundation Inc Cleveland, OH | $56,363,268 | $13,331,115 |
Mht Housing Inc Bingham Farms, MI | $103,750,395 | $19,352,676 |