Facets Cares Inc
- Assets
- $3.4m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 125
- Location
- Fairfax, VA
- Founding
- 01/1990
- Data as of
- 06/2022
- EIN
- 54-1516266
Organization Overview
Facets Cares Inc, operating under the name Facets, is located in Fairfax, VA. The organization was established in 1990. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Facets employed 125 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Facets 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 06/2022, Facets generated $10.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $9.5m during the year ending 06/2022. While expenses have increased by 18.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FACETS OPENS DOORS BY HELPING PARENTS, THEIR CHILDREN, AND INDIVIDUALS WHO SUFFER THE EFFECTS OF POVERTY IN FAIRFAX COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMERGENCY SERVICES TO PREVENT AND END HOMELESSESS: FACETS SUPPORTS FAMILIES AND INDIVIDUALS WHO ARE HOMELESS OR AT RISK OF BECOMING HOMELESS BY OFFERING BASIC NEEDS ASSISTANCE, PREVENTION SERVICES AND COMPREHENSIVE CASE MANAGEMENT. FACETS ALSO OFFERS HOT MEALS PROGRAMS, OUTREACH AND SUPPORT PROGRAMS FOR SINGLE ADULTS, MEDICAL AND DENTAL RESOURCES, AND PERMANENT HOUSING SOLUTIONS. IN ADDITION, THE HYPOTHERMIA PREVENTION PROGRAM OPERATES THROUGHOUT THE WINTER PROVIDING SHELTER, HOT MEALS AND CASE MANAGEMENT SERVICES.
EDUCATION AND COMMUNITY DEVELOPMENT TO BREAK THE CYCLE OF POVERTY:FACETS WORKS IN FOUR COMMUNITY CENTERS SPREAD ACROSS FAIRFAX COUNTY, PROVIDING AFTER SCHOOL AND SUMMER PROGRAMS FOR YOUTH, AS WELL AS PROGRAMS, CLASSES AND CASE MANAGEMENT FOR ADULTS IN THESE COMMUNITIES.
DURING FY22, FACETS PARTICIPATED IN VARIOUS COVID-19 RESPONSE INITIATIVES, INCLUDING: REGULAR FOOD AND SUPPLY DISTRIBUTIONS IN THE COMMUNITY; SIGNIFICANT FINANCIAL AND RENTAL ASSISTANCE PROGRAMS FOR THOSE ECONOMICALLY AFFECTED BY THE PANDEMIC; AND OPERATION OF A TEMPORARY SHELTER FOR THOSE EXPERIENCING HOMELESSNESS AT HIGH RISK DUE TO COVID AND THOSE NEEDING A PLACE TO SAFELY ISOLATE AND QUARANTINE.
HOUSING SERVICES TO BRING PEOPLE HOME: FACETS PROVIDES SUPPORTIVE AND LONG-TERM HOUSING FOR INDIVIDUALS AND FAMILIES WHO ARE CURRENTLY HOMELESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Williams Vice Chair | OfficerTrustee | 1 | $0 |
Cynthia Hyland Secretary | OfficerTrustee | 1 | $0 |
Jerry Caruso Treasurer | OfficerTrustee | 1 | $0 |
Hugh Taylor Chair | OfficerTrustee | 1 | $0 |
Weetie Hill Board Member | Trustee | 1 | $0 |
Bob Amani Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $92,000 |
| Related organizations | $0 |
| Government grants | $8,707,960 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,406,322 |
| Noncash contributions included in lines 1a–1f | $630,585 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,206,282 |
| Total Program Service Revenue | $136,558 |
| Investment income | $8,172 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$18,051 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,336,050 |
| 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. | $150,550 |
| Compensation of current officers, directors, key employees. | $129,356 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,829,410 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $246,595 |
| Payroll taxes | $231,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $231,613 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $148,359 |
| Advertising and promotion | $0 |
| Office expenses | $117,013 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $972,244 |
| Travel | $41,738 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,714 |
| Interest | $459 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,833 |
| Insurance | $72,969 |
| All other expenses | $74,470 |
| Total functional expenses | $9,512,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $802,526 |
| Savings and temporary cash investments | $616,481 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,361,414 |
| 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 | $130,436 |
| Net Land, buildings, and equipment | $69,726 |
| Investments—publicly traded securities | $394,673 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,338 |
| Total assets | $3,381,594 |
| Accounts payable and accrued expenses | $428,259 |
| 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 | $378,515 |
| Total liabilities | $806,774 |
| Net assets without donor restrictions | $2,532,963 |
| Net assets with donor restrictions | $41,857 |
| 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 | $3,381,594 |