Family Promise Of Greater Denver Inc
- Assets
- $1.4m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 27
- Location
- Denver, CO
- Founding
- 08/1997
- Data as of
- 12/2022
- EIN
- 84-1367869
Organization Overview
Family Promise Of Greater Denver Inc is located in Denver, CO. The organization was established in 1997. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Family Promise Of Greater Denver Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Promise Of Greater Denver 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 Greater Denver Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 21.1% 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
TO FORM RELATIONSHIPS WITH FAMILIES AT RISK OF OR EXPERIENCING HOMELESSNESS BY PROVIDING SHELTER, MEALS, AND A SPECTRUM OF SUPPORTIVE SERVICES AS THEY OBTAIN PERMANENT STABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHELTER: FAMILIES EXPERIENCING HOMELESSNESS RECEIVE SHELTER, MEALS, AND SUPPORTIVE SERVICES WHILE THEY WORK TOWARD LONG-TERM HOUSING. IN 2023, THE DEMAND FOR OUR SERVICES CONTINUED TO RISE AND YEAR TO DATE, WE HAVE SERVED 500+ FAMILIES. UNFORTUNATELY, THE PANDEMIC HIGHLIGHTED MANY OF THE BARRIERS FAMILIES ENCOUNTER WHEN APPLYING FOR ASSISTANCE IN THE DENVER COMMUNITY. DURING THE FIRST TWO YEARS OF THE PANDEMIC, WE ASSISTED MORE FAMILIES THAN EVER BEFORE THANKS TO EMERGENCY FUNDS DISBURSED BY THE GOVERNMENT AND LOCAL DONATIONS IN THE COMMUNITY. WHILE IN OUR SHELTER PROGRAM, FAMILIES RECEIVE THREE MEALS A DAY, HELP WITH TRANSPORTATION, ACCESS TO SHOWERS AND LAUNDRY FACILITIES, AND INDIVIDUALIZED CASE MANAGEMENT AND HOUSING NAVIGATION.
OTHER PROGRAMS: GENERAL PROGRAM, PREVENTION, RAPID RESOLUTION, TBRA & FASH.
STABILIZATION: THE STABILIZATION PROGRAMS PROVIDE A MAXIMUM OF TWO YEARS OF RENT AND UTILITY ASSISTANCE, ALONG WITH IN-HOME CASE MANAGEMENT SUPPORT, FOR FAMILIES WITH CHILDREN IN ARAPAHOE COUNTY. FAMILIES ENROLLED IN THESE PROGRAMS PAY AT LEAST 30% OF THEIR INCOME TOWARD RENT EACH MONTH, AND FAMILY PROMISE COVERS THE REMAINDER. THE ULTIMATE GOAL IS FOR EVERY FAMILY TO ACHIEVE HOUSING STABILITY AND FINANCIAL INDEPENDENCE THROUGHOUT THEIR TIME IN THE PROGRAM.
BRIDGE HOUSING: THROUGH MASTER LEASED APARTMENTS, THIS PROGRAM PROVIDES TEMPORARY HOUSING FOR FAMILIES WHILE THEY SEEK LONG-TERM HOUSING, INCOME, AND STABILITY. THE BRIDGE HOUSING PROGRAM WORKS WITH THE ONEHOME SYSTEM AND SUPPORTS FAMILIES WITH CASE MANAGEMENT, TRANSPORTATION ASSISTANCE, FOOD ASSISTANCE, AND MORE UNTIL FAMILIES MOVE INTO THEIR NEW HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Courtney Jensen Executive Director | Officer | 50 | $82,500 |
Jessica Kroll Chair | OfficerTrustee | 3 | $0 |
Bruce Garfield Vice Chair | OfficerTrustee | 2 | $0 |
Diana Mcgahan Treasurer | OfficerTrustee | 3 | $0 |
Josep Cash Secretary | OfficerTrustee | 1 | $0 |
Rachelle Trujillo Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $68,236 |
| Related organizations | $0 |
| Government grants | $949,717 |
| All other contributions, gifts, grants, and similar amounts not included above | $660,394 |
| Noncash contributions included in lines 1a–1f | $16,574 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,678,347 |
| Total Program Service Revenue | $0 |
| Investment income | $681 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$28,360 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,650,668 |
| 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. | $82,500 |
| Compensation of current officers, directors, key employees. | $16,123 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $622,149 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,070 |
| Payroll taxes | $58,184 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $48,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,249 |
| Advertising and promotion | $6,208 |
| Office expenses | $60,666 |
| Information technology | $1,465 |
| Royalties | $0 |
| Occupancy | $35,345 |
| Travel | $6,304 |
| 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 | $48,330 |
| Insurance | $16,628 |
| All other expenses | $0 |
| Total functional expenses | $1,618,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $185,273 |
| Savings and temporary cash investments | $175,711 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $252,658 |
| 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 | $27,131 |
| Net Land, buildings, and equipment | $701,906 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,166 |
| Total assets | $1,357,845 |
| Accounts payable and accrued expenses | $32,950 |
| 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 | $698,010 |
| Total liabilities | $730,960 |
| Net assets without donor restrictions | $589,386 |
| Net assets with donor restrictions | $37,499 |
| 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 | $1,357,845 |