Family Promise Of Grand Rapids is located in Grand Rapids, MI. The organization was established in 1997. 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 12/2022, Family Promise Of Grand Rapids employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Promise Of Grand Rapids 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 Grand Rapids generated $8.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $5.9m during the year ending 12/2022. 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
THE ORGANIZATION PROVIDES SHELTER, BASIC NEEDS, STABILIZATION SERVICES, AND HOUSING SOLUTIONS TO FAMILIES EXPERIENCING HOMELESSNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMERGENCY SHELTER - PROVIDES CHILDREN AND THEIR FAMILIES WITH SAFE SHELTER, BASIC NEEDS, AND SUPPORTIVE SERVICES AS THEY SEEK PERMANENT HOUSING.
PARTNERS IN HOUSING- PROVIDES AFFORDABLE HOUSING TO FAMILIES WITH CHILDREN EXPERIENCING HOMELESSNESS WITH AN OPPORTUNITY FOR HOME OWNERSHIP.
FAMILY AND EARLY CHILDHOOD SERVICES - PROVIDES SUPPORTIVE SERVICES TO FAMILIES NEWLY TRANSITIONED INTO HOUSING TO ENSURE THEY CAN STAY SECURELY HOUSED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Cheryl Schuch Executive Director | Officer | 40 | $126,728 |
Crystel Imperi Secretary | OfficerTrustee | 5 | $0 |
Nathan Trathen Treasurer | OfficerTrustee | 5 | $0 |
Susan Stoddard President | OfficerTrustee | 5 | $0 |
Tenisa Frye Vice President | OfficerTrustee | 5 | $0 |
Michael Moody Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $579,918 |
Membership dues | $0 |
Fundraising events | $193,327 |
Related organizations | $0 |
Government grants | $3,191,049 |
All other contributions, gifts, grants, and similar amounts not included above | $3,941,531 |
Noncash contributions included in lines 1a–1f | $185,919 |
Total Revenue from Contributions, Gifts, Grants & Similar | $7,905,825 |
Total Program Service Revenue | $0 |
Investment income | $15,170 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $98,483 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$18,132 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $8,020,589 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $1,726,520 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $138,633 |
Compensation of current officers, directors, key employees. | $55,453 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,878,999 |
Pension plan accruals and contributions | $33,027 |
Other employee benefits | $83,318 |
Payroll taxes | $171,494 |
Fees for services: Management | $0 |
Fees for services: Legal | $4,612 |
Fees for services: Accounting | $41,210 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $180,745 |
Advertising and promotion | $20,813 |
Office expenses | $64,066 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $438,898 |
Travel | $66,735 |
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 | $96,389 |
Insurance | $44,332 |
All other expenses | $59,400 |
Total functional expenses | $5,903,559 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,607,928 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $1,407,911 |
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 | $10,956 |
Net Land, buildings, and equipment | $1,527,109 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $40,567 |
Total assets | $5,594,471 |
Accounts payable and accrued expenses | $86,411 |
Grants payable | $2,765 |
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 | $40,908 |
Total liabilities | $130,084 |
Net assets without donor restrictions | $3,329,116 |
Net assets with donor restrictions | $2,135,271 |
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 | $5,594,471 |
Over the last fiscal year, we have identified 1 grants that Family Promise Of Grand Rapids has recieved totaling $10,000.
Awarding Organization | Amount |
---|---|
Larry And Karen Mulder Foundation Zeeland, MI PURPOSE: UNRESTRICTED GRANT TO GENERAL FUND | $10,000 |
Organization Name | Assets | Revenue |
---|---|---|
Cinnaire Corporation Cinnaire Lansing, MI | $74,619,323 | $21,850,720 |
Bethany Housing Ministries Inc Muskegon, MI | $4,087,536 | $16,635,219 |
Milwaukee Habitat For Humanity Milwaukee, WI | $24,987,795 | $20,382,762 |
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 |
Habitat For Humanity International Inc Indianapolis, IN | $27,221,776 | $14,208,425 |
Western Reserve Revitalization & Management Co Cleveland, OH | $81,496,475 | $17,708,509 |
Affordable Housing Partners Inc Carmel, IN | $150,650,716 | $9,214,618 |
Famicos Foundation Inc Cleveland, OH | $56,363,268 | $13,331,115 |
Mht Housing Inc Bingham Farms, MI | $103,750,395 | $19,352,676 |