Emergency Family Assistance Association

What it reported doing in 2024

Efaa's short-term and transitional housing programs provide homeless families in boulder county with a safe place to live and resource navigation support in their efforts to attain financial stability and self-sufficiency. The families in our short-term housing program are housed in efaa apartments rent free for up to four months. During their stay, efaa provides intensive resource navigation, goal setting, savings plans and most living expenses, including household items, food, and transportation. Families save their incomes so when they leave the program, they have accumulated savings which they use to secure long-term, affordable housing. Families in our transitional housing program are housed in our apartments for up to eleven months, pay nominal rent and are required to work with a resource navigator to achieve self-identified goals (increased income, education, job training, etc.). Most of the families in our transitional program started in our short-term program. Ideally, when they move out, they have accumulated adequate savings to secure long-term housing, their families have stabilized, have increased their earnings ability and have experienced success at being good tenants. Efaa has 64 units for these programs in boulder, lafayette, longmont, louisville, and nederland. In fy 2025, we provided housing to 95 unduplicated households representing 381 individuals (including 204 children) and 90% of families who exited efaa's housing programs were successful in moving into affordable, long-term housing. In fy 2025, efaa provided $6,291 in direct financial assistance for rent, deposits, utilities, transportation, minor medical and dental needs, eyeglasses, etc, through our short-term and transitional housing programs.

Financial Efficiency

• Mission deployment rate: 74.4%; rating input score 74
• Program expense ratio: 88.2%; rating input score 88
• Fundraising efficiency: $15.82 raised per $1 spent on fundraising; rating input score 51; 51st percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 20.7%; rating input score 82; 82nd percentile among comparable filings
• Total-asset coverage ratio: 1.9; rating input score 60; 60th percentile among comparable filings
• Liabilities to assets ratio: 0.02; rating input score 90; 90th percentile among comparable filings
• Officer compensation ratio: 3%; rating input score 68; 68th percentile among comparable filings

Growth

• Program expense growth: 11.8% per year; rating input score 100; 76th percentile among comparable filings
• Revenue growth: 11.2% per year; rating input score 100; 78th percentile among comparable filings
• Asset growth: 9.9% per year; rating input score 100; 65th percentile among comparable filings