Family Promise of Forsyth County Inc

Nonprofit profile at a glance

EIN
465664080
IRS 990 coverage
2016–2024
Forms available
Form 990 2024, Form 990-N 2015
Location
Cumming, GA, USA
Phone
6784764657
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Homeless Centers

Official website

Reported finances

Revenue
$616,235
Expenses
$441,737
Assets
$2,528,657
Liabilities
$1,142,024

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

Leadership & pay

13 people listed

Executive titles in this filing

  • TINA HUCK (EXECUTIVE DIRECTOR)
  • MICHAEL CARTWRIGHT (PRESIDENT)
  • JASON LASTINGER (VICE PRESIDENT)

Highest reported compensation

  • TINA HUCK (EXECUTIVE DIRECTOR): $75,199 total reported compensation

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

Overview

Mission

The mission of family promise of forsyth county is to empower and assist families experiencing or facing homelessness or housing insecurity to achieve long-term stability through a community-based response. Our core values of engaging our community, being impactful, utilizing wise stewardship, treating individuals with respect and dignity, and being unique direct our focus and the direction of the way we serve our community.

What it reported doing in 2024

Community based services - our prevention, diversion, and stabilization programs are designed to meet families where they are, assessing their needs to prevent the necessity of shelter placement. This support ranges from simple assistance with navigating available resources or applying for benefits to comprehensive case management that creates a plan for achieving sustainable independence. Additionally, we offer ongoing support and resources to program graduates to help them maintain stability. Thanks to our incredible partnerships, we can provide essential items such as clothing, birthday packs, back-to-school clothes, pajamas, and more. These items are distributed on a one-on-one basis, at community or partner events, and during our family resource festivals.

Operating model

Revenue model
Donor-supported. 79% of the money available for current operations came from contributions and gifts.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 92
  • Accountability: 84
  • Sustainability: 69
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 65.6%; rating input score 66
  • Program expense ratio: 86.7%; rating input score 87
  • Fundraising efficiency: $33.92 raised per $1 spent on fundraising; rating input score 71; 71st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 28.3%; rating input score 83; 83rd percentile among comparable filings
  • Total-asset coverage ratio: 5.72; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0.45; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 17%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: 18.2% per year; rating input score 100; 80th percentile among comparable filings
  • Revenue growth: 18.7% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 36.1% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 65.6% of revenue deployed · 86.7% of spending went to programs
  • Governance: 12 of 12 board members independent · 5 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $383K in reported program spending
  • Leadership: top reported pay $75K · 13 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 8 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.
  • High — Sustainability: Officer compensation ratio scored 19/100.