Family Promise of Collin County
Nonprofit profile at a glance
- EIN
- 263417504
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024, Form 990-EZ 2015
- Location
- Allen, TX, USA
- Phone
- 9724426966
- Rating
- 58
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Homeless Centers
- Affiliation
- Christianity
Reported finances
- Revenue
- $89,236
- Expenses
- $125,956
- Assets
- $68,041
- Liabilities
- $29,287
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
People named in this filing
- DANIEL EDWARDS SR (BOARD CHAIR)
- JONNA FERNANDEZ (VICE CHAIR)
- SANDY BAKER (AFFILIATION)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Family promise is part of a national organization that provides food, shelter, and support services during resettlement of homeless families in church facilities and temporary housing. We also provide cars for our guests to drive to work and school.
What it reported doing in 2024
We provide food, shelter, and support services during resettlement of homeless families in church facilities. We provide training, and case management, and daycare to help the families get back on their feet. We provide temporary housing outside of the church facility group setting in homes that we rent and maintain. We provide cars for our guests to drive to work and school and maintain the cars through our gods wheels program. Other miscellaneous support services for our guests
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 95% 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.
The verdict
MIXED - Most voting board members are independent and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 41
- Transparency & Controls: 65
- Accountability: 100
- Sustainability: 28
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 48.8%; rating input score 49
- Program expense ratio: 34.4%; rating input score 34
- Fundraising efficiency: $1.36 raised per $1 spent on fundraising; rating input score 18; 18th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 26th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Scored; rating input score 0
- 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: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- 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: -41.1%; rating input score 31; 31st percentile among comparable filings
- Total-asset coverage ratio: 0.54; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: 0.43; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: -10.6% per year; rating input score 0; 28th percentile among comparable filings
- Revenue growth: -4.8% per year; rating input score 0; 44th percentile among comparable filings
- Asset growth: 0% per year; rating input score 100; 41st percentile among comparable filings
Details
- Where the money goes: 48.8% of revenue deployed · 34.4% of spending went to programs
- Governance: 8 of 8 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $43K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 9 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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: Mission deployment rate scored 49/100.
- Moderate — Financial Efficiency: Program expense ratio scored 34/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 18/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 31/100.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- High — Sustainability: Liabilities to assets ratio scored 11/100.