Family Promise of Augusta Inc

What it reported doing in 2024

To enable homeless families to transition to permanent housing, employment and independent living by providing support services, meals and temporary housing. This is accomplished by providing overnight lodging for up to 60 nights, daycare assistance to children, employment, educational, medical assistance, transportation, basic communication services such as an address, telephone and information services, and parenting and life skills training. Family Promise of Augusta cooperates with congregation volunteers and social service agencies. In 2024, the Organization served 24 homeless individuals in 8 families including a total of 16 children. Additionally, the Organization served 16 individuals in 4 families in the Transitional Housing program and 103 individuals in 26 families in the Shelter Division program in 2024. The Organization provided 6,471 meals and 2,381 bed nights in 2024. Volunteers from the network congregations and the community contributed 1,321 hours providing overnight hosting shelter, transportation, meals, activities, professional services, childcare, case management, transitional housing, and many other services. In 2023, the Organization served 13 homeless individuals in 4 families including a total of 8 children. Additionally, the Organization served 5 families in the Transitional Housing program and 4 families in the Shelter Division program in 2023. The Organization provided 2,205 meals and 735 bed nights in 2023. Volunteers from the network congregations and the community contributed 770 hours providing overnight hosting shelter, transportation, meals, activities, professional services, childcare, case management, transitional housing, and many other services. For the years ended December 31, 2024 and 2023, the estimated values of the volunteer services of $44,257 and $23,030, respectively, and overnight lodging for guests of $142,860 and $44,100 are not included in the financial statements in accordance with accounting principles generally accepted in the United States of America (GAAP) because the recognition criteria were not met.

Financial Efficiency

• Mission deployment rate: 85.2%; rating input score 85
• Program expense ratio: 75%; rating input score 75
• Fundraising efficiency: $33.08 raised per $1 spent on fundraising; rating input score 69; 69th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
• Pay-setting controls: Limited
• 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: 8 of 8 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: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 13.1%; rating input score 65; 65th percentile among comparable filings
• Total-asset coverage ratio: 2.34; rating input score 63; 63rd percentile among comparable filings
• Liabilities to assets ratio: 0.55; rating input score 10; 10th percentile among comparable filings
• Officer compensation ratio: 14.5%; rating input score 25; 25th percentile among comparable filings

Growth

• Program expense growth: 1.7% per year; rating input score 100; 38th percentile among comparable filings
• Revenue growth: 5.9% per year; rating input score 100; 57th percentile among comparable filings
• Asset growth: 16.9% per year; rating input score 100; 80th percentile among comparable filings