Families Forward Inc
- Assets
- $837.4k
- Revenue
- $219.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Redmond, OR
- Founding
- 03/2004
- Data as of
- 06/2023
- EIN
- 76-0738741
Organization Overview
Families Forward Inc is located in Redmond, OR. The organization was established in 2004. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Families Forward 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 06/2023, Families Forward Inc generated $219.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $167.5k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP, OWN AND OPERATE AFFORDABLE HOUSING AND PROVIDE SERVICES TO RESIDENTS OF HOUSING WORKS' PROPERTIES AS WELL AS PARTICIPANTS ON THE HOUSING CHOICE VOUCHER PROGRAM. THESE CORE SERVICES INCLUDE FAMILY EMPOWERMENT, PERSONAL ASSET BUILDING, OPPORTUNITIES FOR KIDS, AND BUILDING COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING OPPORTUNITIES TO LOW INCOME HOUSEHOLDS THROUGHOUT CENTRAL OREGON - OWN AND OPERATED 16 UNITS OF LOW INCOME HOUSING FOR SENIOR AND/OR DISABLED HOUSEHOLDS IN REDMOND. THIS PROGRAM SERVED 17 HOUSEHOLDS DURING THE FISCAL YEAR.
SECURITY DEPOSIT LOAN AND GRANT FUND - A REVOLVING LOAN FUND TO BE USED TO PAY FOR RENTAL SECURITY DEPOSITS FOR OUR MOST VULNERABLE CITIZENS. THIS FUND REMOVES A BARRIER FOR FAMILIES AND INDIVIDUALS THAT OTHERWISE MAY REMAIN OR BECOME HOMELESS. THIS PROGRAM SERVED 21 NEW HOUSEHOLDS WITH AN AVERAGE LOAN OF $941 AND AN AVERAGE GRANT OF $1,330 PER HOUSEHOLD.
RESIDENT SERVICE PROGRAMS - PROVIDE AN ARRAY OF SERVICES TO CLIENTS AND RESIDENTS OF AFFODABLE HOUSING IN ORDER TO SUPPORT, PROVIDE STABILITY, AND PROMOTE SUCCESSFUL OUTCOMES. PROGRAMS AND HOUSEHOLDS SERVED ARE AS FOLLOW: ASSET BUILDING (56); OPPORTUNITIES FOR KIDS (380); FAMILY EMPOWERMENT (239); BUILDING COMMUNITY (375).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Brandt Secretary/treasurer | Officer | 1 | $0 |
Geoff Wall Employee Of Related Organization | 1 | $0 | |
Keith Wooden Employee Of Related Organization | 1 | $0 | |
Sharon Marvel Board Member | Trustee | 0.25 | $0 |
Barbara Punch Vice President | OfficerTrustee | 0.25 | $0 |
Laura Craska Cooper Board Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,755 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,755 |
| Total Program Service Revenue | $214,087 |
| Investment income | $271 |
| 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 | $219,113 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $19,272 |
| Fees for services: Legal | $70 |
| Fees for services: Accounting | $410 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,376 |
| Advertising and promotion | $305 |
| Office expenses | $4,295 |
| Information technology | $3,074 |
| Royalties | $0 |
| Occupancy | $10,000 |
| Travel | $123 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $134 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,271 |
| Insurance | $4,552 |
| All other expenses | $0 |
| Total functional expenses | $167,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $370,442 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,891 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $17,899 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,937 |
| Net Land, buildings, and equipment | $443,263 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $837,432 |
| Accounts payable and accrued expenses | $2,822 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $5,053 |
| 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 | $170,000 |
| Total liabilities | $177,875 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $659,557 |
| Total liabilities and net assets/fund balances | $837,432 |