Family Bridges Inc

Nonprofit profile at a glance

EIN
941725018
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Oakland, CA, USA
Phone
5108392270
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$9,584,563
Expenses
$9,974,798
Assets
$12,908,739
Liabilities
$1,871,448

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • CORINNE JAN (CEO)
  • Johnny O'Brien (CEO)
  • KAREN DEA (President)
  • MARK MORODOMI (Vice President)

Highest reported compensation

  • Monica Lau (COO): $196,848 total reported compensation
  • CORINNE JAN (CEO): $176,133 total reported compensation
  • JOAO BAPTISTA DAROSA (CFO): $168,174 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We empower individuals, families, and seniors to achieve wellness, stability, and independence through culturally-competent care.

What it reported doing in 2024

Hong Fook Adult Day Health Care - Hong Fook Community-Based Adult Services serve a vulnerable population of frail elderly and adults with chronic medical or mental health conditions, cognitive impairment, and/or disabilities. The mission of Hong Fook is to promote the optimal physical, emotional, and social well-being of our Participants and their caregivers; to minimize ER visit, hospitalizations, and to delay or prevent nursing home placement. Our locally based services play a vital role in Home and Community Based Services. They include individualized, comprehensive, and culturally sensitive services as follows: Professional nursing care and health education Chronic disease management and prevention Dementia care Mental health services Medical social services and case management Cognitively stimulating therapeutic activities Recreational, educational, and cultural activities Occupational, physical, and speech therapy services Registered dietitian services Personal care, transportation, and nutritious meals for participants Training, support, respite, and counseling to Participants' families and caregivers.Hong Fook Centers adopt a Person-Centered model of care which emphasizes meeting the individuals unique needs. Participants and their families are integrally involved in the care planning process which includes identifying their goals and accomplishing them through a strength-based approach. Our in-center services and emergency remote service ensure the continuity of care of our Participants. As an essential part of the Home and Community Based Services, Hong Fook Center continues to collaborate with a wide range of community, health care agencies to meet the changing needs of our Participants and Caregivers; and provide them with updated community resources and news. Our outreach team also collaborates closely with community organizations, government agencies, hospitals, and clinics to identify individuals in need of our services. Hong Fook Adult Day Health Care serves African American, Korean and Chinese Participants. The center offers morning and afternoon sessions each day.

Operating model

Revenue model
Earned-program. 71% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 70
  • Accountability: 100
  • Sustainability: 33
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.2%; rating input score 84
  • Program expense ratio: 79.9%; rating input score 80
  • Fundraising efficiency: $9.05 raised per $1 spent on fundraising; rating input score 34; 34th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd 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: -4.1%; rating input score 22; 22nd percentile among comparable filings
  • Total-asset coverage ratio: 1.29; rating input score 46; 46th percentile among comparable filings
  • Liabilities to assets ratio: 0.14; rating input score 51; 51st percentile among comparable filings
  • Officer compensation ratio: 12%; rating input score 25; 25th percentile among comparable filings

Growth

  • Program expense growth: 10.9% per year; rating input score 100; 67th percentile among comparable filings
  • Revenue growth: 3.9% per year; rating input score 100; 33rd percentile among comparable filings
  • Asset growth: 2.2% per year; rating input score 100; 20th percentile among comparable filings

Details

  • Where the money goes: 84.2% of revenue deployed · 79.9% of spending went to programs
  • Governance: 7 of 7 board members independent · 9 of 9 filing controls reported
  • Programs: 7 filed program accomplishments · $8M in reported program spending
  • Leadership: top reported pay $197K · 16 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $220K reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 34/100.
  • High — Sustainability: Operating margin scored 22/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
  • High — Sustainability: Officer compensation ratio scored 25/100.
  • Review — Sustainability: Liabilities to assets ratio scored 51/100.