Family Promise Of South Sarasota County Inc
- Assets
- $4.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 9
- Location
- Venice, FL
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 46-4906213
Organization Overview
Family Promise Of South Sarasota County Inc is located in Venice, FL. The organization was established in 2014. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Family Promise Of South Sarasota County Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Promise Of South Sarasota County Inc 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 12/2023, Family Promise Of South Sarasota County Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 29.5% each year . All expenses for the organization totaled $925.2k during the year ending 12/2023. While expenses have increased by 25.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING SUPPORT TO CHILDREN AND THEIR FAMILIES IN SOUTH SARASOTA COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRIDGE HOUSING - COMBINES A VOLUNTERR NETWORK OF LOCAL HOST CONGREGATIONS FOR MEALS AND OVERNIGHT SHELTER ALONG WITH USE OF THE DAY CENTER FOR A PERMANENT ADDRESS, TRAINING AND CASE MANAGEMENT SERVICES. KEEPING THE PROMISE IS A POST-SHELTERPROGRAM OFFERING CONTINUING CASE MANGAGEMENT AND SUPPORT WITH THE PROGRAM GOAL OF PLACING THEM IN PERMANENT HOUSEING. HELP WITH FINDING EMPLOYMENT IS ALSO PART OF THIS PROCESS.
SUSTAINABLE HOUSING - PROVIDING AFFORDABLE HOUSING FOR THE LOCAL WORKFORCE.
OPEN DOORS - PROVIDES INITAL CONTACT WITH HOMELESS (AND/OR AT-RISK OF HOMELESSNESS FAMILIES) WITH CHILDREN; ACTIVITIES INCLUDE HOMELESS PREVENTION, DIVERSION, ACUITY OF NEED SCREENING, COORDINATED ENTRY, MOVE-IN FUNDING AND REFERRALS OR OTHER NEEDED SERVICES. CASE MANAGEMENT IS ALSO PROVIDED TO ASSIST FAMILIES WITH HOUSING/SHELTER.
PATHWAYS HOME - PROVIDES AN AFFOREDABLE PLACE TO LIVE WHILE CLIENTS WORK TOWARD IMPROVED FINANCIAL SKILLS AND INCOME. FPSSC OWNS PROPERTY FOR WHICH THE CLIENT FAMILY PAYS A SMALL PROGRAM FEE TO LIVE IN WHILE WORKING WITH CASE MANAGERS TO OVERCOME ROADBLOCKS TO GREATER INCOME AND PROSPERITY. OUR GOAL IS NOT SIMPLY GETTING FAMILIES INTO HOUSING; ITS KEEPING THEM IN HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Fagenbaum Executive Director | Officer | 40 | $104,771 |
Matthew Britton President | OfficerTrustee | 5 | $0 |
Rachel Frank Vice President | OfficerTrustee | 5 | $0 |
Margaret Pittala Treasurer | OfficerTrustee | 2 | $0 |
Susan Hyland Secretary | OfficerTrustee | 2 | $0 |
Dane Desantis Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $37,493 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $828,017 |
| Noncash contributions included in lines 1a–1f | $6,152 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $865,510 |
| Total Program Service Revenue | $188,513 |
| Investment income | $9,494 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,000 |
| Net Income from Fundraising Events | $11,644 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,087,161 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $89,242 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $112,320 |
| Compensation of current officers, directors, key employees. | $7,862 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $232,281 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,344 |
| Payroll taxes | $25,837 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,629 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $15,548 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $904 |
| Office expenses | $9,458 |
| Information technology | $33,600 |
| Royalties | $0 |
| Occupancy | $61,853 |
| Travel | $3,194 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,837 |
| Payments to affiliates | $8,250 |
| Depreciation, depletion, and amortization | $100,323 |
| Insurance | $38,818 |
| All other expenses | $39,187 |
| Total functional expenses | $925,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,298 |
| Savings and temporary cash investments | $242,053 |
| Pledges and grants receivable | $69,532 |
| 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 | $38,058 |
| Net Land, buildings, and equipment | $3,374,400 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $120,442 |
| Total assets | $4,018,783 |
| Accounts payable and accrued expenses | $30,569 |
| Grants payable | $0 |
| 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 | $1,001,636 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $34,134 |
| Total liabilities | $1,066,339 |
| Net assets without donor restrictions | $2,946,444 |
| Net assets with donor restrictions | $6,000 |
| 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 | $4,018,783 |