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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Thomas Miller Executive Dir. | Officer | 40 | $89,250 |
Jessica Sparkman Secretary | OfficerTrustee | 1 | $0 |
Josh Carty Trustee | Trustee | 1 | $0 |
Misty Clary Treasurer | OfficerTrustee | 1 | $0 |
Alli Moore Trustee | Trustee | 1 | $0 |
Doug Buchanan President | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Mw Builders Building Contractor | 12/30/20 | $1,805,936 |
Vandergriff Group Architect | 12/30/20 | $146,704 |
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 |
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. | $83,250 |
Compensation of current officers, directors, key employees. | $12,488 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $200,538 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $15,275 |
Payroll taxes | $23,067 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $17,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $825 |
Advertising and promotion | $11,549 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $147,813 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $184,589 |
Insurance | $0 |
All other expenses | $7,460 |
Total functional expenses | $807,590 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $680,196 |
Savings and temporary cash investments | $131,280 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $7,500 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $7,645 |
Net Land, buildings, and equipment | $7,103,531 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $7,930,152 |
Accounts payable and accrued expenses | $55,085 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $7,050 |
Total liabilities | $62,135 |
Net assets without donor restrictions | $7,844,392 |
Net assets with donor restrictions | $23,625 |
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 | $7,930,152 |