Famicos Foundation Inc is located in Cleveland, OH. The organization was established in 1970. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Famicos Foundation Inc employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Famicos Foundation 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 12/2021, Famicos Foundation Inc generated $13.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $9.5m during the year ending 12/2021. While expenses have increased by 9.3% 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
TO IMPROVE THE QUALITY OF LIFE IN GREATER CLEVELAND THROUGH NEIGHBORHOOD REVITALIZATION, AFFORDABLE HOUSING AND INTEGRATED SOCIAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMICOS FOUNDATION ORGANIZATIONAL NARRATIVE FAMICOS FOUNDATION IS ONE OF CLEVELAND'S OLDEST COMMUNITY DEVELOPMENT CORPORATIONS (CDC), FOUNDED IN 1969 BY SISTER HENRIETTA GORRES, CSA SHORTLY AFTER THE HOUGH RIOTS AND INCORPORATED IN 1970. FAMICOS FOUNDATION HAS BEEN SERVING RESIDENTS OF CUYAHOGA COUNTY FOR THE PAST 53 YEARS, ESPECIALLY CLEVELAND'S GLENVILLE, HOUGH, AND ST CLAIR - SUPERIOR NEIGHBORHOODS. THE NAME FAMICOS COMES FROM "FAMILIES IN COOPERATION", AS SR. HENRIETTA BELIEVED THAT LASTING NEIGHBORHOOD CHANGE COULD ONLY COME FROM THE RESIDENT FAMILIES WORKING TOGETHER TOWARD CHANGE. FAMICOS HAS A STAFF OF 54 EMPLOYEES WORKING ACROSS NINE DEPARTMENTS AND FOUR LINES OF BUSINESS. WITH A MISSION OF IMPROVING THE QUALITY OF LIFE IN GREATER CLEVELAND THROUGH NEIGHBORHOOD REVITALIZATION, AFFORDABLE HOUSING AND INTEGRATED SOCIAL SERVICES, WE PRIDE OURSELVES IN DEVELOPING AFFORDABLE HOUSING, ESPECIALLY THE PRESERVATION OF HISTORIC PROPERTIES. IN 2014 FOLLOWING THE REDRAWING OF CITY OF CLEVELAND WARD BOUNDARIES AND THE DEMISE OF SISTER CDC, GLENVILLE DEVELOPMENT CORPORATION THAT WAS SERVING GLENVILLE, FAMICOS FOUNDATION TOOK THE LEAD ON SERVING THE GLENVILLE NEIGHBORHOOD. IN THAT SAME YEAR, FAMICOS FOUNDATION BECAME A CHARTER MEMBER OF NEIGHBORWORKS AMERICA, A NETWORK OF EXCELLENCE IN NEIGHBORHOOD REVITALIZATION, WITH 250 CHARTERED MEMBERS ACROSS THE US. FAMICOS FOUNDATION HAS ALSO BEEN THE "COMMUNITY QUARTERBACK" OF THE GLENVILLE PURPOSE BUILT COMMUNITIES PROGRAM OVER THE PAST 5 YEARS. PURPOSE BUILT COMMUNITIES (PBC) IS A NON-PROFIT CONSULTING ORGANIZATION THAT USES A MODEL OF AFFORDABLE HOUSING AND HEALTH & WELLNESS PROGRAMS FOCUSED AROUND AN ELEMENTARY SCHOOL TO TRANSFORM THE NEIGHBORHOOD. THE SCHOOL BECOMES THE BEST SCHOOL FOR PARENTS TO SEND THEIR CHILDREN, WHICH MAKES THE NEIGHBORHOOD A CHOICE PLACE TO LIVE AND RAISE A FAMILY. FAMICOS IS COLLABORATING WITH THE CLEVELAND METROPOLITAN SCHOOL DISTRICT (CMSD), CLEVELAND FOUNDATION AND A HOST OF OTHER STAKE HOLDERS IN THE IMPLEMENTATION OF PBC MODEL IN GLENVILLE, WHICH IS ONE OF TWO SITES IN CLEVELAND. MARY BETHUNE K-12 ELEMENTARY SCHOOL IS THE EPICENTER OF PBC ACTIVITIES WITH THE GOAL OF TRANSFORMING IT FROM ITS CURRENT STATUS AS A C SCHOOL TO AN A SCHOOL. FAMICOS FOUNDATION IS A STATE, COUNTY AND CITY CHDO AND SERVES FIVE COUNTIES IN THE CLEVELAND AREA: CUYAHOGA, LAKE, GEAUGA, PORTAGE, AND MEDINA COUNTIES. IN 2006, WE DEVELOPED A 106 AFFORDABLE UNIT PROJECT IN MEDINA COUNTY IN PARTNERSHIP WITH MILLENNIA HOUSING MANAGEMENT GROUP OF COMPANIES. IN 2017, FAMICOS AND MILLENNIA IN PARTNERSHIP ACQUIRED A 348-UNIT APARTMENT COMMUNITY IN PORTAGE COUNTY, WHICH HAS 233 AFFORDABLE UNITS. AS SUCH, FAMICOS FOUNDATION'S BOARD OF DIRECTORS (13 ACTIVE MEMBERS) ARE CHOSEN FROM THESE FOUR COUNTIES WITH THE MAJORITY FROM CUYAHOGA COUNTY, MAINLY THE CITY OF CLEVELAND. FAMICOS FOUNDATION OWNS AND / OR MANAGES 21 PARTNERSHIPS OR 850 UNITS OF AFFORDABLE AND MIXED-INCOME HOUSING FOR FAMILIES, SENIORS AND FORMERLY CHRONICALLY HOMELESS INDIVIDUALS. FAMICOS SIGNATURE MARKET RATE HOMES ARE LOCATED ON E. 105TH STREET WITHIN A DEVELOPMENT CALLED HERITAGE LANE. HERITAGE LANE CONSISTS OF THIRTEEN HISTORIC FORMER DUPLEXES CONVERTED TO SINGLE UNITS AND SELLING AT 300,000 AND ABOVE. ALL THIRTEEN UNITS ARE SOLD TO OWNER OCCUPANTS. IN 2013, FAMICOS COMPLETED THE DOAN CLASSROOM APARTMENTS (13 MILLION) AND THE UNIVERSITY TOWERS APARTMENTS (27 MILLION). IN 2016, FAMICOS COMPLETED A SUBSTANTIAL RENOVATION OF NOTRE DAME APARTMENTS (10.6 MILLION) USING THE 9% LIHTC FUNDING PROGRAM. IN 2018, FAMICOS RENOVATED THE MEDICAL ARTS BUILDING ON E 105 ST TO BECOME A MIXED-USE BUILDING WITH 12 LIVING UNITS ABOVE A COMMERCIAL SPACE. IN 2021, FAMICOS COMPLETED THE CONSTRUCTION AND LEASE UP OF 30 SINGLE FAMILY SCATTERED SITE HOUSING UNITS USING THE 9% LIHTC FUNDING IN A PROJECT CALLED CIRCLE NORTH HOMES. IN ADDITION TO ITS PROPERTY MANAGEMENT AND REAL ESTATE LINES OF BUSINESS, FAMICOS FOUNDATION HAS TWO ADDITIONAL LINES OF BUSINESS: COMMUNITY BUILDING AND ENGAGEMENT (CB&E) AND OUR HOMEOWNERSHIP RESOURCE CENTER (HRC). IN 2019, WE CREATED HRC TO ASSIST LOW AND MODERATE INCOME FAMILIES TO MAKE THE TRANSITION FROM RENTER TO HOME OWNER. HRC PROVIDES A HOST OF FINANCIAL LITERACY TOOLS TO CLIENTS, INCLUDING GROUP CLASSES, ONE-ON-ONE COUNSELING, CREDIT REPAIR, AND BUDGETING. EVEN THROUGH THE COVID-19 PANDEMIC, HRC CONTINUED TO OFFER CLASSES AND COUNSELING VIRTUALLY, HELPING OVER 130 CLIENTS UNLOCK THEIR POTENTIAL FINANCIAL STRENGTH. THE TAX LAB IS A PART OF THE EITC CUYAHOGA COALITION AND HAS CONSISTENTLY BEEN THE MOST PRODUCTIVE SITE IN THE COUNTY, PREPARING AROUND 3,000 TAX RETURNS FOR LOW-INCOME WORKING FAMILIES FREE OF CHARGE. THE FAMICOS CARES: LEGALWORKS PROGRAM ASSISTS INDIVIDUALS WITH MINOR MISDEMEANOR OFFENSES AND OUTSTANDING WARRANTS THROUGH FREE RECORDS EXPUNGEMENT SERVICES. THROUGH 2019 AND 2020 AND 2021, DESPITE THE PANDEMIC LOCK DOWNS, LEGAL WORKS SEALED 1600 RECORDS, ALLOWING OUR CLIENTS TO GET BETTER JOBS AND MORE CHOICES IN LIFE. RECENTLY, FAMICOS WAS CHOSEN BY THE CITY OF CLEVELAND, ALONG WITH TWO OTHER NONPROFITS, TO ADMINISTER THE CITY'S LEAD HAZARD CONTROL PROGRAM IN GLENVILLE. THE LEAD PROGRAM OFFERS GRANTS FOR HOME REPAIR TO ELIGIBLE HOMEOWNERS AND LANDLORDS WITH PROPERTIES CONTAINING LEAD. FAMICOS HAS EXPANDED ITS OWN HOME REPAIR PROGRAM TO ASSIST LOW-INCOME SENIORS, DISABLED PERSONS, AND SINGLE-MOTHERS TO CONTINUE TO LIVE IN THEIR HOMES SAFELY AND FOR OUR SENIOR CITIZENS TO "AGE IN PLACE". IN 2020 AND 2021, FAMICOS REPAIRED 48 AND 60 HOMES, RESPECTIVELY, ACROSS FOUR DIFFERENT NEIGHBORHOODS. THE COMMUNITY BUILDING AND ENGAGEMENT (CB&E) DEPARTMENT WORKED TIRELESSLY DURING THE PANDEMIC TO MAKE SURE SENIORS, DISABLED PERSONS, AND THE IMMUNE-COMPROMISED HAD FOOD, TOILETRIES, AND DISINFECTANTS DURING THE LOCKDOWN WHEN THEY COULD NOT GO TO STORES FOR THESE ITEMS WITHOUT ENDANGERING THEIR HEALTH. MORE THAN 2,000 PEOPLE HAVE BENEFITED FROM THIS PROGRAM ACROSS THE CITY OF CLEVELAND. AS SOON AS COVID-19 VACCINES BECAME AVAILABLE, FAMICOS TOOK THE LEAD IN OUR COMMUNITIES IN ASSISTING RESIDENTS TO GET THE VACCINE. FAMICOS FOUNDATION IS A BENEFICIARY OF GRANT FUNDING FROM THE CDC TO SUPPORT EFFECTIVE INTERVENTIONS TO INCREASE INFLUENZA AND COVID-19 VACCINE CONFIDENCE AMONG ADULTS IN RACIAL AND ETHNIC POPULATIONS EXPERIENCING DISPARITIES IN THE UNITED STATES. BECAUSE OF ITS SUCCESS IN THE IMPLEMENTATION OF THIS GRANT FUNDING FAMICOS RECEIVED SECOND FUNDING IN PARTNERING FOR VACCINE EQUITY (P4VE) EQUITY PROGRAM. FAMICOS PROVIDED TRANSPORTATION, SCHEDULED APPOINTMENTS, AND SCHEDULED CLINICS, HELPING 260 PEOPLE OF VULNERABLE POPULATIONS FOR VACCINATION VACCINATED. IT IS NO SURPRISE THAT FAMICOS FOUNDATION WAS SELECTED AS RECIPIENT OF OHIO DEPARTMENT OF HEALTH/CDC FOUNDATION GRANT TO EDUCATE OUR CLIENTELE ON OPIOID OVERDOSE, INFANT MORTALITY, MATERNAL HEALTH & REPRODUCTION, INFANT HEALTH & MORTALITY, AND VACCINE EDUCATION & AWARENESS. OUR COMMUNITY HEALTH WORKERS ARE CURRENTLY FOCUSING ON OPIOID OVERDOSE PREVENTION SEMINARS. FAMICOS CB&E DEPARTMENT ALSO OFFERS COMPUTER CLASSES, AFTER-SCHOOL TUTORIALS AND MENTORING FOR THE YOUTH AS WELL AS SUMMER EMPLOYMENT AND RESOURCE FAIRS. IN 2020, FAMICOS WAS ONE OF EIGHT ORGANIZATIONS IN THE COUNTRY TO BE AWARDED AN URBAN AGRICULTURE GRANT FROM THE USDA. OUR COMMUNITY PRODUCE GARDENS PROVIDE EDUCATION FOR ALL AGES, FOOD FOR FAMILIES WHO GROW THERE, PRODUCE TO BE SOLD AT OUR FARMER'S MARKET AND PRODUCE FOR SCHOOL PANTRIES. FAMICOS' COMMITMENT TO THE HEALTH AND WELLNESS OF OUR NEIGHBORHOODS IS ALSO EVIDENT IN OUR RAIN BARREL, COMPOSTING, RECYCLING, TREE-PLANTING, WALKING, BIKING AND COMMUNITY HEALTH PROGRAMS. AT FAMICOS FOUNDATION, WE PLACE HIGH PRIORITY ON YOUTH ENGAGEMENT AND DEVELOPMENT. OUR EMPHASIS ON YOUTH EMPLOYMENT MADE FAMICOS A PERFECT FISCAL AGENT PARTNER FOR MYCOM, A NON-PROFIT THAT PROVIDES RESOURCES TO YOUTH IN OVER 20 GREATER CLEVELAND COMMUNITIES. MYCOM ASSISTS YOUTH TO CONNECT, NAVIGATE AND BE PRODUCTIVE DURING OUT OF SCHOOL SUMMER TIME AND AS THEY TRANSITION TO EMPLOYMENT. A MYCOM NETWORK OF CLEVELAND PARTNERSHIPS PROVIDES SUPPORT AND OPPORTUNITY TO INSURE SUCCESS. WHILE FAMICOS FOUNDATION HAS HOUSED ONE FULL-TIME MYCOM EMPLOYEE FOR SEVERAL YEARS, IN 2020 WE BECAME FISCAL AGENTS FOR MYCOM, SPONSORING THEIR 3 MILLION OPERATING BUDGET. FAMICOS ENGAGES THE MYCOM SYSTEM FOR OUR SUMMER YOUTH LANDSCAPING PROGRAM AND URBAN AGRICULTURE PROGRAM. THIS SUMMER, FAMICOS IS EMPLOYING 20 YOUTHS UNDER FAMICOS AND AN ADDITIONAL 20 UNDER MYCOM. FAMICOS FOUNDATION IS KNOWN FOR ITS ABILITY TO COMPLETE PROJECTS. AS A RESULT, FAMICOS IS AMONG THE ORIGINAL ELITE SIX CDCS TO RECEIVE CLEVELAND NEIGHBORHOOD PROGRESS (CNP) LARGE GRANTS FOR THE STRATEGIC INVESTMENT INITIATIVE (SLL) PROGRAM AND MAINTAINS THAT FUNDING EVERY YEAR. CURRENTLY, FAMICOS IS AMONG NINE CDCS CURRENTLY RECEIVING OPERATING FUNDING FROM CNP IN THE RESTRUCTURING YEAR OF THE GRANT CYCLE. FAMICOS FOUNDATION DEVELOPED A NEIGHBORHOOD REVITALIZATI
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Anoliefo Executive Di | Officer | 45 | $171,645 |
Joseph H Weiss Jr Trustee | Trustee | 1 | $12,000 |
Ryan Siebel Treasurer | OfficerTrustee | 1 | $0 |
Laura Junglas President | OfficerTrustee | 1 | $0 |
John J Weiss Secretary | OfficerTrustee | 1 | $0 |
Peter Lee Vice Preside | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
New Beginnings Construction Home Renovation | 12/30/21 | $769,766 |
City Architecture Architecture | 12/30/21 | $246,532 |
Meld Architects Architecture | 12/30/21 | $212,500 |
Novaturient Industries Corp Consultant | 12/30/21 | $208,000 |
Cuyahoga County Public Library Lead Agency | 12/30/21 | $163,000 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $3,300,234 |
All other contributions, gifts, grants, and similar amounts not included above | $4,173,196 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $7,473,430 |
Total Program Service Revenue | $2,589,527 |
Investment income | $3,072,262 |
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 | $13,331,115 |
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. | $199,329 |
Compensation of current officers, directors, key employees. | $199,329 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,853,542 |
Pension plan accruals and contributions | $62,469 |
Other employee benefits | $428,545 |
Payroll taxes | $227,633 |
Fees for services: Management | $0 |
Fees for services: Legal | $23,428 |
Fees for services: Accounting | $151,544 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $123,806 |
Fees for services: Other | $249,551 |
Advertising and promotion | $44,612 |
Office expenses | $100,985 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $79,560 |
Travel | $214 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $212,462 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $169,410 |
Insurance | $68,000 |
All other expenses | $155,792 |
Total functional expenses | $9,511,458 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,014,036 |
Savings and temporary cash investments | $25,078 |
Pledges and grants receivable | $715,131 |
Accounts receivable, net | $2,066,256 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $23,118,256 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $7,405 |
Net Land, buildings, and equipment | $3,143,892 |
Investments—publicly traded securities | $3,586,111 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $22,687,103 |
Total assets | $56,363,268 |
Accounts payable and accrued expenses | $430,353 |
Grants payable | $0 |
Deferred revenue | $8,738 |
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 | $16,859,837 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $2,309,836 |
Total liabilities | $19,608,764 |
Net assets without donor restrictions | $33,922,733 |
Net assets with donor restrictions | $2,831,771 |
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 | $56,363,268 |
Over the last fiscal year, we have identified 19 grants that Famicos Foundation Inc has recieved totaling $3,571,627.
Awarding Organization | Amount |
---|---|
Cleveland Foundation Cleveland, OH PURPOSE: DELIVER FOOD AND HYGIENE PRODUCTS TO LOW-INCOME SENIOR RESIDENTS IN THE HOUGH, GLENVILLE AND ST. CLAIR-SUPERIOR NEIGHBORHOODS | $3,125,400 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: COMMUNITY PRESERVATION AND DEVELOPMENT | $120,000 |
Park Family Foundation Cleveland, OH PURPOSE: CHARITBLE CONTRIBUTION - GENERAL OPERATING SUPPORT | $100,000 |
Ohio Community Development Finance Fund Columbus, OH PURPOSE: PREDEVELOPMENT | $30,000 |
Cleveland Clinic Foundation Independence, OH PURPOSE: COMMUNITY SUPPORT | $28,000 |
The Cleveland Clinic Foundation Independence, OH PURPOSE: COMMUNITY SUPPORT | $28,000 |
Beg. Balance | $2,384,963 |
Earnings | $311,614 |
Admin Expense | $14,408 |
Net Contributions | $438,007 |
Ending Balance | $3,120,176 |
Organization Name | Assets | Revenue |
---|---|---|
Shared Support South Inc Warrington, PA | $9,549,705 | $20,704,692 |
Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |
Cinnaire Corporation Cinnaire Lansing, MI | $74,619,323 | $21,850,720 |
Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
Bethany Housing Ministries Inc Muskegon, MI | $4,087,536 | $16,635,219 |
Habitat For Humanity International Inc Cincinnati, OH | $19,861,311 | $21,403,808 |
Buckeye Community Hope Foundation Columbus, OH | $50,429,521 | $11,276,532 |
Caracole Inc Cincinnati, OH | $7,131,053 | $11,567,326 |
Taylor Community Development Corp Taylor, MI | $29,334,174 | $14,242,807 |
Community Action Agency Of Delaware County Inc Boothwyn, PA | $15,976,339 | $8,682,122 |
Habitat For Humanity International Inc Indianapolis, IN | $27,221,776 | $14,208,425 |