Family Promise of Charlotte Inc

Nonprofit profile at a glance

EIN
203632210
IRS 990 coverage
2010–2010
Forms available
Form 990 2010
Location
Charlotte, NC, USA
Phone
7045256851
Rating confidence
Limited
Sector
Housing Support

Official website

Reported finances

Revenue
$145,648
Expenses
$146,549
Assets
$115,769
Liabilities
$6,002

Source: IRS Form 990. Selected filing: tax year 2010. Amounts in USD.

Leadership & pay

13 people listed

Source: IRS Form 990. Selected filing: tax year 2010. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Family promise of charlotte endeavors to move homeless families off of the streets and back into private housing. Using the proven model of the national family promise network, we provide temporary housing, counseling, assisted job search, utility and housing deposits and coordination with other agencies for homeless aid or aid to the poor.

What it reported doing in 2010

Family promise of charlotte using the proven model of the national family promise network, provides temporary housing, counseling, assisted job search, utility and housing deposits and coordination with other agencies for homeless aid and aid to the poor. Families go through a selection process to focus our aid on families with the best chance for success. Chronic homelessness, drug or alcohol addictions are beyond the scope of our program. During 2010 family promise of charlotte assisted approximately 103 households providing temporary housing in local churches, child care and transportation aid. Receiving such aid allows client families to concentrate on finding permanent jobs and affordable housing. Their effort is monitored by our staff to ensure that the client is doing everything that he/she can to take advantage of our temporary assistance. Additionally, 1,001 individuals received telephone referral assistance.

Operating model

Revenue model
Donor-supported. 93% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 100
  • Accountability: 79
  • Sustainability: 37
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 59th 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; 64th percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -0.6%; rating input score 42; 42nd percentile among comparable filings
  • Total-asset coverage ratio: 0.79; rating input score 37; 37th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 47; 47th percentile among comparable filings
  • Officer compensation ratio: 40.6%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 12 of 12 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $118K in reported program spending
  • Leadership: top reported pay $60K · 13 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.

Key Signals

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

  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • Moderate — Sustainability: Operating margin scored 42/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 47/100.