Saranam Llc

Organization Overview

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 12/2021, Saranam Llc employed 12 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 12/2021, Saranam Llc generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 39.8% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 10.8% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

VISION-TO TRANSFORM THE LIVES OF HOMELESS FAMILIES MISSION-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

2021 ACCOMPLISHMENTS AFTER 18 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. ALUMNI 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. 2021 CONTINUED TO BE A CHALLENGING YEAR FOR SARANAM WITH THE CHALLENGES OF OPERATING WITH COVID-19. WE WERE ABLE TO WELCOME 10 NEW FAMILIES INTO AND HAD 10/13 FAMILIES SUCCESSFULLY EXIT OUR PROGRAM. CONTINUING OUR FUNDRAISING IN A MOSTLY REMOTE PROCESS DID RAN A SUCCESSFUL SPRING CAMPAIGN WHICH PROVIDES SUPPORT TO 10 FAMILIES FOR A YEAR. BY THE FALL, WE WERE ABLE TO SHIFT OUR PROGRAMMING FROM ALL REMOTE LEARNING BACK TO AN IN-PERSON FORMAT. WE WERE ABLE TO MAINTAIN BOTH OUR ADULT AND WHOLE FAMILY CLASSES AS WELL AS ALUMNI ACTIVITIES. OUR ALUMNI PROGRAMMING ENROLLED 18 FAMILIES INTO THE PROSPERITY WORKS 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 TWO OF THESE ALUMNI WERE CHILDREN WHILE IN SARANAM, SAVING FOR THEIR HIGHER EDUCATION SARANAM BEGAN THE SILENT PHASE OF A 9.3 MILLION CAPITAL CAMPAIGN IN EARLY SPRING TO MORE THAN DOUBLE OUR SERVICES. 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. AT THE END OF 2021, THE BOARD DECIDED TO INCLUDE PHASES 2 AND 3 INTO OUR OVERALL FUNDRAISING AND BUILD GOALS PRIOR TO GOING PUBLIC WITH THE CAMPAIGN. 2021 OUTCOMES: SINCE INCEPTION IN 2004, SARANAM HAS SERVED 152 HOMELESS FAMILIES IN ALBUQUERQUE, INCLUDING 174 ADULTS AND 319 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. TEN/THIRTEEN FAMILIES SUCCESSFULLY EXITED THE PROGRAM IN 2021. WE HAVE REMAINED IN CONTACT WITH AN INCREDIBLE 74% OF FAMILIES WHO EXITED ONE YEAR OR MORE AGO. OF THOSE FAMILIES, 89% 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 WORKED WITH 42 ALUMNI FAMILIES IN 2021 WITH 57 ADULTS AND 66 CHILDREN. 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: 28 64 CHILDREN, 29 ADULTS 10 NEW FAMILIES WERE BROUGHT INTO SARANAM IN 2021 UNDUPLICATED VOLUNTEERS: 503 VOLUNTEER HOURS: 3700+ DURING 2021, OUR STUDENTS ATTENDED THE FOLLOWING EDUCATIONAL INSTITUTIONS: CNM, PIMA, GRAND CANYON UNIVERSITY, UNIVERSITY OF ARIZONA GLOBAL CAMPUS, ALBUQUERQUE ADULT LEARNING CENTER (GED), LIBERTY UNIVERSITY, ALBUQUERQUE ADULT LEARNING CENTER (GED) "COMPLETED: O AA, DENTAL HYGIENE O CERTIFICATE, VETERINARY ASSISTANT " PURSUING: O MA, COUNSELING O BS, PUBLIC HEALTH O BA, UNDECIDED O AA, RESPIRATORY THERAPIST O AA, NUTRITION O AA, NURSING O AA, ECME O AA, CULINARY ARTS O AA, RADIOLOGIC TECHNOLOGY O AA, BUSINESS ADMINISTRATION O CERTIFICATE, VETERINARY ASSISTANT O CERTIFICATE, NURSING ASSISTANT O HSE (HIGH SCHOOL EQUIVALENCY) "IN 2021, OUR STUDENTS ENROLLED IN A TOTAL OF 83 CLASSES AT HIGHER EDUCATION INSTITUTIONS, FOR A TOTAL OF 222 CREDITS 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. IN OUR SECOND YEAR OF THREE WE TOOK A DEEP DIVE INTO OUR DATA. WE ANALYZED CORRELATIONS ABOUT DIFFERENT CHARACTERISTICS OF OUR FAMILIES AND THEIR PARTICIPATION IN OUR PROGRAMMING TO THEIR LEVELS OF SUCCESS AT EXIT. SOME OF OUR FINDINGS INCLUDE: -SARANAM'S FAMILIES REFLECT THE DIVERSITY OF ALBUQUERQUE, WITH MORE REPRESENTATION OF NATIVE AND BLACK FAMILY MEMBERS. -NO ENTERING CHARACTERISTICS, NOT EVEN SUBSTANCE ABUSE, MADE A FAMILY MORE OR LESS LIKELY TO SUCCEED. -ADULTS WHO EARNED GRADES OF 70% OR HIGHER IN SARANAM CLASSES WERE MORE LIKELY TO ACHIEVE SUCCESS ON EXIT. -FAMILIES WHO STAYED WITH SARANAM FOR THE FULL PROGRAM WERE MORE LIKELY TO ACHIEVE SUCCESS.


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Board, Officers & Key Employees

Name (title)Compensation
Tracy Weaver
Executive Di
$96,303
Tom Frock
Chair
$0
William R Keleher
Vice Chair
$0
Michael Wallace
Treasurer
$0
Pat Renken
Secretary
$0
Brenda Cordova-Busick
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$90,000
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$6,129,896
Noncash contributions included in lines 1a–1f $209,788
Total Revenue from Contributions, Gifts, Grants & Similar$6,219,896
Total Program Service Revenue$0
Investment income $545
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 $6,220,441

Grants Recieved

Over the last fiscal year, we have identified 13 grants that Saranam Llc has recieved totaling $644,073.

Awarding OrganizationAmount
Carl C Anderson Sr And Marie Jo Anderson Charitable Foundation

Dallas, TX

PURPOSE: WESTSIDE CAMPUS EXPANSION

$235,000
Dakota Foundation Dtd 122997 Holaday A Bart Ttee

Jamestown, ND

PURPOSE: PROVIDE HOUSING & EDUC FOR PEOPLE IN POVERTY

$100,000
Albuquerque Community Foundation

Albuquerque, NM

PURPOSE: DONOR-ADVISED

$84,754
Illinois No 3 Foundation

Artesia, NM

PURPOSE: TO HELP WITH HOMELESSNESS

$75,000
Network For Good Inc

Washington, DC

PURPOSE: UNRESTRICTED

$74,133
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$25,000
View Grant Recipient Profile

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