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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tracy Weaver Executive Di | Officer | 40 | $96,303 |
Tom Frock Chair | OfficerTrustee | 2 | $0 |
William R Keleher Vice Chair | OfficerTrustee | 2 | $0 |
Michael Wallace Treasurer | OfficerTrustee | 2 | $0 |
Pat Renken Secretary | OfficerTrustee | 2 | $0 |
Brenda Cordova-Busick Director | Trustee | 2 | $0 |
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 |
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. | $96,303 |
Compensation of current officers, directors, key employees. | $9,630 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $371,650 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $21,161 |
Payroll taxes | $35,921 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $23,230 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $146,985 |
Advertising and promotion | $3,753 |
Office expenses | $26,983 |
Information technology | $25,569 |
Royalties | $0 |
Occupancy | $221,516 |
Travel | $6,202 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $25,187 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $9,613 |
Insurance | $16,602 |
All other expenses | $63,187 |
Total functional expenses | $1,264,748 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,165,628 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $2,983,740 |
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 | $12,888 |
Net Land, buildings, and equipment | $802,659 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $431,950 |
Total assets | $7,396,865 |
Accounts payable and accrued expenses | $138,102 |
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 | $750,811 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $888,913 |
Net assets without donor restrictions | $1,905,881 |
Net assets with donor restrictions | $4,602,071 |
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 | $7,396,865 |
Over the last fiscal year, we have identified 13 grants that Saranam Llc has recieved totaling $644,073.
Awarding Organization | Amount |
---|---|
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 |
Organization Name | Assets | Revenue |
---|---|---|
Lapuente Home Incorporated Alamosa, CO | $2,057,200 | $6,832,731 |
The Macguire Center El Paso, TX | $178,858 | $665,370 |
Projecthandup Grapevine, TX | $51,069,660 | $5,731,956 |
Boles Childrens Home Inc Quinlan, TX | $12,043,794 | $1,742,939 |
Temenos Community Development Corpo Ration Houston, TX | $5,605,357 | -$300,037 |
Reynolds House Non-Profit Corporation El Paso, TX | $703,756 | $1,361,764 |
House Of Refuge Inc Mesa, AZ | $3,568,215 | $2,806,174 |
Housing Solutions Of Northern Arizona Inc Flagstaff, AZ | $11,849,928 | $2,752,873 |
Littleton Section 8 Housing Corporation Littleton, CO | $110,631 | $1,796,940 |
Huntsman Community Shelter Salt Lake City, UT | $14,233,533 | $1,731,042 |
Reflection Ministries Of Texas Inc Midland, TX | $2,559,712 | $2,275,639 |
Inter-Cooperative Council At University Of Texas Inc Austin, TX | $6,304,599 | $1,430,552 |