Family Promise Of Midland Texas Inc

Organization Overview

Family Promise Of Midland Texas Inc is located in Midland, TX. The organization was established in 2010. 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 12/2022, Family Promise Of Midland Texas Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Promise Of Midland Texas 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 12/2022, Family Promise Of Midland Texas Inc generated $814.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $807.6k during the year ending 12/2022. While expenses have increased by 9.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

MIDLAND INTERFAITH HOSPITALITY NETWORK (MIHN) - THE MIHN IS A PARTNERSHIP OF CONGREGATIONS/COMPANIES/VOLUNTEER GROUPS WITHIN THE COMMUNITY HELPING FAMILIES WHO ARE FACING HOMELESSNESS. MIHN USES EXISTING COMMUNITY RESOURCES TO PROVIDE COMPREHENSIVE SERVICES TO FAMILIES EXPERIENCING HOMELESSNESS. THIS UNIQUE COMMUNITY RESPONSE OFFERS AN OPPORTUNITY FOR VOLUNTEERS TO BE ON THE FRONT LINE OF MIDLAND'S EFFORT TO REDUCE HOMELESSNESS WHILE TRANSFORMING THE LIVES OF FAMILIES IN NEED. THE MIHN PROGRAM MAY SERVE UP TO 4 FAMILIES AT A TIME: 14 PEOPLE. WHILE IN THE PROGRAM, THE ADULTS ARE REQUIRED TO WORK FULL-TIME,GO TO SCHOOL FULL-TIME, OR A COMBINATION THEREOF. FAMILIES WORK WITH A CASE MANAGER ON SHORT-TERM OBJECTIVES, OBTAINING LONG-TERM GOALS. ALL FAMILIES HAVE CREDIT REPORTS RUN AND THEN BEGIN THE TASKS OF INCREASING THEIR CREDIT SCORES, WHILE REDUCING DEBT. IN ADDITION, ALL FAMILIES ARE REQUIRED TO SAVE 80% OF THEIR EARNED INCOME IN THEIR OWN BANK ACCOUNTS. PARENTS ARE ALSO REQUIRED TO AT

Describe the Organization's Program Activity:

Part 3 - Line 4a

FAMILIES FORWARD TRANSITIONAL HOUSING (FF) - WE OPERATE EIGHT DUPLEXES WITH FIFTEEN UNITS OF THREE BEDROOM/THREE BATHS AND ONE UNIT WITH TWO BEDROOMS/TWO BATHS. THE COMPLEX INCLUDES A BASKETBALL COURT AND A PLAYGROUND. FAMILIES PAY A MONTHLY PROGRAM FEE THAT ASSISTS IN THE COSTS OF PROVIDING FREE CASE MANAGEMENT, FREE UTILITIES, AND FREE CHILD CARE. FAMILIES MAY LIVE IN THESE UNITS FOR UP TO 2 YEARS. WHILE IN THE PROGRAM, FAMILIES WORK DILIGENTLY IN REDUCING THEIR DEBT, INCREASING THEIR SAVINGS, AND INCREASING THEIR EMPLOYABILITY FOR LONG TERM GAIN. FAMILIES ARE REQUIRED TO SAVE 20% OF THEIR EARNED INCOME AND ATTEND MONTHLY PARENT TRAININGS. TWO UNITS HAVE BEEN DESIGNATED AS INCOME RESTRICTED (LESS THAN OR EQUAL TO 30% OF TAKE-HOME INCOME) AND/OR RAPID REHOUSING.DURING 2022, WE SERVED 19 FAMILIES INCLUDING 19 ADULTS AND 49 CHILDREN UNDER 18 FOR A TOTAL OF 68 INDIVIDUALS SERVED. TWO FAMILIES GRADUATED THE PROGRAM AND MOVED TO PURCHASED OR RENTED HOUSING. SIX FAMILIES LEFT THE PROGRAM DURING THE YEAR AND ELEVEN FAMILES REMAINED IN THE PROGRAM AT YEAR END.


MIDLAND INTERFAITH HOSPITALITY NETWORK (MIHN) - FAMILY PROMISE OF MIDLAND CURRENTLY HAS 12 CONGREGATIONS SUPPORTING THIS PROGRAM. FAMILY PROMISE MAY SERVE UP TO 4 FAMILIES AT A TIME; 14 PEOPLE. WHILE IN THE PROGRAM, THE ADULTS ARE REQUIRED TO WORK FULL-TIME, GO TO SCHOOL FULL-TIME, OR A COMBINATION THEREOF. FAMILIES WORK WITH A CASE MANAGER ON SHORT-TERM OBJECTIVES, OBTAINING LONG-TERM GOALS. ALL FAMILIES HAVE CREDIT REPORTS RUN AND THEN BEGIN ON INCREASING THEIR CREDIT SCORES, WHILE REDUCING DEBT. IN ADDITION, ALL FAMILIES ARE REQUIRED TO SAVE 80% OF THEIR EARNED INCOME IN THEIR OWN BANK ACCOUNTS. PARENTS ARE ALSO REQUIRED TO ATTEND MONTHLY TRAININGS, INCLUDING FINANCIAL LITERACY TRAINING. THE AVERAGE STAY IN THE MIHN FOR FAMILIES IS 81 DAYS. WE SERVED 14 FAMILIES DURING 2022 INCLUDING 14 ADULTS AND 28 CHILDREN UNDER 18 FOR A TOAL OF 42 INDIVIDUALS SERVED. THREE FAMILIES GRADUATED EITHER TO OUR FAMILIES FORWARD PROGRAM, HUD HOUSING, INCOME-RESTRICTED HOUSING OR MARKET RATE HOUSING. SIX FAMILIES LEFT THE PROGRAM DURING THE YEAR AND THREE FAMILIES REMAINED IN THE PROGRAMS AT YEAR END.


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Board, Officers & Key Employees

Name (title)Compensation
Thomas Miller
Executive Dir.
$89,250
Jessica Sparkman
Secretary
$0
Josh Carty
Trustee
$0
Misty Clary
Treasurer
$0
Alli Moore
Trustee
$0
Doug Buchanan
President
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mw Builders
Building Contractor
$1,805,936
Vandergriff Group
Architect
$146,704
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$37,750
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$691,376
Noncash contributions included in lines 1a–1f $1,039
Total Revenue from Contributions, Gifts, Grants & Similar$729,126
Total Program Service Revenue$53,204
Investment income $2,859
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $29,031
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $814,626

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