Saranam Llc is located in Albuquerque, NM. The organization was established in 2005. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Saranam Llc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saranam Llc 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, Saranam Llc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 12.7% per year over the past 9 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 EMPOWER FAMILIES TO END THEIR HOMELESSNESS AND POVERTY THROUGH HOUSING, EDUCATION, AND SUPPORTIVE COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2023 ACCOMPLISHMENTS AFTER 20 YEARS IN OPERATION, SARANAM HAS PROVIDED FAMILIES WITH SAFE HOUSING, PRACTICAL LIFE-SKILLS INSTRUCTION, A SUPPORTIVE COMMUNITY, AND A PATHWAY TO SELF-SUFFICIENCY THROUGH EDUCATION. WITH 77% OF FAMILIES SUCCESSFULLY EXITING THE PROGRAM INTO PERMANENT, SAFE AND STABLE LIVING SITUATIONS, SARANAM IS A SUSTAINABLE SOLUTION TO FAMILY HOMELESSNESS. WE HAVE REMAINED IN CONTACT WITH AN INCREDIBLE 76% OF FAMILIES WHO EXITED ONE YEAR OR MORE AGO. OF THOSE FAMILIES, 86% WHO LEFT THE PROGRAM SUCCESSFULLY REMAIN STABLE AFTER A YEAR. SARANAM'S APPROACH TO ENDING POVERTY AND HOMELESSNESS FOR FAMILIES IS AN INNOVATIVE TWO-GENERATIONAL STRATEGY, WHERE BOTH PARENTS AND CHILDREN RECEIVE SERVICES SIMULTANEOUSLY AND IN SYNC. OUR TWO-GENERATIONAL STRATEGY IS SUPPORTED BY A GROWING BODY OF ANTI-POVERTY RESEARCH THAT SHOWS THE EFFECTIVENESS OF MAKING BOTH PARENTS AND CHILDREN CHANGE AGENTS IN WORKING TO GET OUT OF POVERTY. 2023 WE WERE ABLE TO WELCOME 10 NEW FAMILIES INTO AND HAD 9/11 FAMILIES SUCCESSFULLY EXIT OUR PROGRAM. OUR ALUMNI PROGRAMMING SUPPORTED 22 INDVIDUALS IN PROSPERITY WORKS'S INDIVIDUAL DEVELOPMENT ACCOUNTS (SAVINGS TARGETED TOWARD EDUCATION, HOME BUYING, SMALL BUSINESS OR VEHICLE PURCHASE) PROGRAM, SUPPORTING EACH PERSON'S SAVINGS WITH A 4:1 MATCH WE ALSO CONTRIBUTED TO 36 CHILDREN'S CHILD SAVINGS ACCOUNTS FOR THEIR POST-SECONDARY EDUCATION. SARANAM CONTINUED RAISING FUNDING FOR OUR CAPITAL CAMPAIGN TO BUILD A SECOND CAMPUS WHICH WILL MORE THAN DOUBLE THE NUMBER OF FAMILIES WE ARE ABLE TO SERVE EACH YEAR. WE CONTINUE TO HAVE CONSTRUCTION DELAYS DUE TO LABOR AND SUPPLY CHAIN ISSUES. THESE DELAYS HAVE ALSO CAUSED INCREASED COSTS TO 12.8 MILLION. WE PLAN TO OCCUPY THE FIRST PHASE OF TEN RESIDENTIAL UNITS IN THE EARLY SPRING 2024. WE PURCHASED 3.5 ACRES TO DEVELOP A SECOND SITE WHICH WILL INCLUDE AN ADDITIONAL 25-RESIDENTIAL UNITS, PROGRAMMING SPACES, PLAYGROUNDS, OFFICES, DONATION CENTER AND GARDENS ALL DESIGNED TO BRING MORE FAMILIES INTO SELF-SUFFICIENCY. 2023 OUTCOMES SINCE INCEPTION IN 2004, SARANAM HAS SERVED 172 HOMELESS FAMILIES IN ALBUQUERQUE, INCLUDING 197 ADULTS AND 363 CHILDREN. OUR PROGRAM HAS DEMONSTRATED A 77% SUCCESS RATE OF FAMILIES EXITING THE PROGRAM HAVING MET MORE THAN THREE OF OUR MEASURES OF SUCCESS. OUR 77% SUCCESS RATE INDICATES THAT WHEN FAMILIES EXIT, THEY ARE ABLE TO SUPPORT THEMSELVES, INCLUDING PAYING FOR HOUSING, SUPPLIES, UTILITIES, ETC., ON THEIR OWN INCOME. THE LIFE SKILLS WE PROVIDE ENSURE THAT OUR FAMILIES ARE ABLE TO MAINTAIN AND SUSTAIN THESE OUTCOMES. IN 2023 WE SERVED 26 FAMILIES WITH 29 ADULTS AND 52 CHILDREN. 9/11 FAMILIES SUCCESSFULLY EXITED THE PROGRAM IN 2023. WE HAVE REMAINED IN CONTACT WITH AN INCREDIBLE 76% OF FAMILIES WHO EXITED ONE YEAR OR MORE AGO. OF THOSE FAMILIES, 86% WHO LEFT THE PROGRAM SUCCESSFULLY REMAIN STABLE AFTER A YEAR. THIS YEAR WE CONTINUED OUR ALUMNI COMPONENT TO OUR PROGRAMMING, ENABLING US TO CONTINUE TO SUPPORT FAMILY STABILITY THROUGH ADDED COMMUNITY, ASSET BUILDING AND EDUCATIONAL ACTIVITIES. WE HAD DIRECT CONTACT WITH 62 ALUMNI FAMILIES IN 2023 WITH 72 INDIVIDUALS (12 ARE 2GEN, THEY WERE CHILDREN WHEN AT SARANAM). WE OFFERED 22 INDIVIDUAL SAVINGS ACCOUNTS TO ALUMNI, AND HAD 36 CHILD SAVINGS ACCOUNTS. SARANAM'S 3 STEPS TO ENDING HOMELESSNESS AND POVERTY FOR FAMILIES. 1.HOUSING ENDS HOMELESSNESS 2.EDUCATION BRINGS EMPLOYMENT OPPORTUNITIES. 3.COMMUNITY BUILDS CONNECTION. NUMBER OF FAMILIES: 26 52 CHILDREN, 29 ADULTS 10 NEW FAMILIES WERE BROUGHT INTO SARANAM IN 2023 UNDUPLICATED VOLUNTEERS: 788 VOLUNTEER HOURS: 4773 IN 2023 13 STUDENTS ENROLLED IN THE FOLLOWING SCHOOLS: CENTRAL NEW MEXICO COMMUNITY COLLEGE (CNM), UNIVERSITY OF NEW MEXICO (UNM), SOUTHERN NEW HAMPSHIRE UNIVERSITY (SNHU), CARRINGTON COLLEGE, AND THE AVENUE ACADEMY. NINE (9) ADULTS ENROLLED IN THE FOLLOWING PROGRAMS AT CNM: ASSOCIATE DEGREE PROGRAMS IN ACCOUNTING, NURSING, RADIOLOGY TECHNOLOGY, AND CULINARY ARTS; CERTIFICATE PROGRAMS IN PHLEBOTOMY, COSMETOLOGY, NURSING ASSISTANT, AND UNMANNED AIRCRAFT SYSTEMS; AND A PRE-BACHELOR'S DEGREE PROGRAM IN SOCIOLOGY. TWO ADULTS WERE ENROLLED IN UNM'S LIBERAL ARTS AND ANTHROPOLOGY BACHELOR'S DEGREE PROGRAMS. ONE ADULT WAS ENROLLED IN SNHU'S SOCIOLOGY BACHELOR'S DEGREE PROGRAM; ONE ADULT WAS ENROLLED IN THE AVENUE ACADEMY'S COSMETOLOGY PROGRAM; AND ONE ADULT WAS ENROLLED IN CARRINGTON COLLEGE'S PRACTICAL NURSING CERTIFICATE PROGRAM. SARANAM FAMILIES ALSO EARNED EDUCATIONAL CREDENTIALS THREE ADULTS EARNED THEIR GEDS. FOUR STUDENTS EARNED VOCATIONAL CERTIFICATES IN THE FOLLOWING FIELDS: PHLEBOTOMY, NURSING ASSISTANT, LICENSED PRACTICAL NURSE, AND UNMANNED AIRCRAFT/REMOTE PILOT SYSTEMS. ORGANIZATIONAL CAPACITY BUILDING AS PART OF THE PROCESS FOR VALIDATING OUR UNIQUE MODEL, WE HAVE UNDERGONE SUBSTANTIAL EVALUATION AND UPDATES TO OUR INTERNAL SYSTEMS. THIS YEAR, WITH CONTINUED SUPPORT FROM THE CARL C. ANDERSON SR. AND MARY JO ANDERSON CHARITABLE FOUNDATION, SARANAM CONTINUED WORK WITH THE UNM EVALUATION LAB. OUR PROJECT ENDING IN APRIL 2023, WE EXPLORED OPTIONS FOR ASSESSING LONG- TERM OUTCOMES FOR SARANAM FAMILIES. THE GOLD STANDARD FOR ASSESSING PROGRAM OUTCOMES IS TO CONDUCT A RANDOMIZED CONTROLLED TRIAL (RCT). BEFORE DESIGNING AN RCT, A PROGRAM SHOULD DEMONSTRATE A HIGH RATE OF PROGRAM COMPLETION AND IMPROVED OUTCOMES FOR PARTICIPANTS RELATIVE TO A WELL- DESIGNED CONTROL GROUP. WE MEASURED PROGRAM COMPLETION RATES, WHICH SHOWED THAT 88% OF FAMILIES STAYED WITH SARANMA FOR ONE SEMESTER OR LONGER AND 67% STAYED WITH SARANAM FOR 2 SEMESTERS OR LONGER. WE ESTIMATED LONG-TERM OUTCOMES FROM SARANAM'S ONGOING ALUMNI SURVEY. THIS SHOWED FAMILIES WERE BETTER OFF THREE YEARS AFTER EXITING SARANAM THAN THE CONTROL GROUP (FAMILY OPTIONS STUDY). WE ALSO EXPLORED APS MCKINNEY-VENTO AS A SOURCE OF DATA FOR LONG-TERM OUTCOMES. WE ARE HOPING TO CONTINUE TO MOVE TOWARD THE RCT IN THE COMING YEARS TO VALIDATE AND REPLICATE THE SARANAM MODEL. IN THE FALL OF 2023, WITH THE UNM EVALUATION LAB, WE BEGAN THE 2023-24 PROJECT: BUILDING THE TOOLS AND THEORETICAL FRAMEWORK FOR SARANAM TO ASSES THE EFFECTIVENESS OF THE PROGRAM AND IDENTIFY THE MOST APPROPRIATE STUDY DESIGN FOR US TO USE IN THE FUTURE TO OBTAIN EXTERNAL VALIDATION. SARANAM'S LIFE CHANGING IMPACT IS CLEAR TO SEE IN THE JOY OF OUR FAMILIES DEVELOPING SELF-SUSTAINING LIVES. WHERE THE BENEFIT IS ALSO CLEAR IS IN THE ECONOMIC IMPACT. IN A COST ANALYSIS STUDY CONDUCTED IN 2022 UNM'S SCHOOL OF PUBLIC ADMINISTRATION FOUND THAT THE ESTIMATED ANNUAL COST OF A FAMILY EXPERIENCING HOMELESSNESS TO THE CITY OF ALBUQUERQUE AND AFFILIATED ORGANIZATIONS IS 110,834. IN 2023, SARANAM SERVED A WHOLE FAMILY ANNUALLY FOR 53,274. LAST YEAR SARANAM SERVED 26 FAMILIES, WHICH IS A SAVINGS TO OUR COMMUNITY OF MORE THAN 1.3 MILLION DOLLARS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Christine Long Chair | OfficerTrustee | 2 | $0 |
Mary Ellen Coon Vice Chair | OfficerTrustee | 2 | $0 |
Ken Breinholt Treasurer | OfficerTrustee | 2 | $0 |
Barbara Oudet Secretary | OfficerTrustee | 2 | $0 |
Brenda Cordova-Busick Director | Trustee | 2 | $0 |
Graciela Plata Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $10,000 |
All other contributions, gifts, grants, and similar amounts not included above | $2,723,427 |
Noncash contributions included in lines 1a–1f | $509,375 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,733,427 |
Total Program Service Revenue | $0 |
Investment income | $11,203 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,744,630 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $138,758 |
Compensation of current officers, directors, key employees. | $13,876 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $545,463 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $48,617 |
Payroll taxes | $54,599 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $23,338 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $52,854 |
Advertising and promotion | $1,300 |
Office expenses | $24,435 |
Information technology | $18,732 |
Royalties | $0 |
Occupancy | $274,787 |
Travel | $8,540 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $29,887 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $12,923 |
Insurance | $21,888 |
All other expenses | $64,026 |
Total functional expenses | $1,811,454 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,793,215 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $759,969 |
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 | $17,381 |
Net Land, buildings, and equipment | $781,288 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $4,351,319 |
Total assets | $9,703,172 |
Accounts payable and accrued expenses | $209,943 |
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 | $750,000 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $125,613 |
Total liabilities | $1,085,556 |
Net assets without donor restrictions | $5,996,980 |
Net assets with donor restrictions | $2,620,636 |
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 | $9,703,172 |