Family Promise of Hendricks County Inc

Nonprofit profile at a glance

EIN
461733831
IRS 990 coverage
2018–2024
Forms available
Form 990 2024, Form 990-EZ 2017, Form 990-N 2014
Location
Plainfield, IN, USA
Phone
3172963742
Rating
91
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$6,741,882
Expenses
$6,607,413
Assets
$3,253,732
Liabilities
$66,459

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

Leadership & pay

11 people listed

Executive titles in this filing

  • ERIN TANNER (VICE PRESIDENT)
  • JEFF LEE (PRESIDENT)

Highest reported compensation

  • JULIE RANDALL (NON-VOTING EXECUTIVE DIREC): $90,000 total reported compensation

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

Overview

Mission

Transforming the lives of families experiencing homelessness and poverty in hendricks county by providing housing, stability services and homelessness prevention with the goal of achieving sustainable independence.

What it reported doing in 2024

Provides emergency housing through its almost home shelter offering temporary housing and essential services, including food, case management, and referrals to additional resources. Supports families in securing permanent housing and provides case management and stability services for up to two years to ensure long-term success. This includes helping families transition into homes, offering financial planning assistance, and connecting them with community resources. To prevent homelessness, family promise provides rent and utility assitance and eviction intervention. This includes coordinating with landlords, providing emergency funding, and developing sustainable living plans with clients to prevent future homelessness. Family promise maintaines a resource center that serves as a hub where those experiencing homelessness and poverty can access affordable housing, child care, transportation, employment assistance, and life skills training.

Operating model

Revenue model
Donor-supported. 73% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 43% for direct work, and 57% for grants.
  • 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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 94
  • Accountability: 90
  • Sustainability: 43
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.6%; rating input score 94
  • Program expense ratio: 95.5%; rating input score 95
  • Fundraising efficiency: $447.04 raised per $1 spent on fundraising; rating input score 95; 95th 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: 100%; rating input score 100; 72nd percentile among comparable filings
  • 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: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 2%; rating input score 41; 41st percentile among comparable filings
  • Total-asset coverage ratio: 0.49; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 1.4%; rating input score 79; 79th percentile among comparable filings

Growth

  • Program expense growth: 42.1% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 33.2% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 31.7% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 93.6% of revenue deployed · 95.5% of spending went to programs
  • Governance: 10 of 10 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $6.3M in reported program spending
  • Leadership: top reported pay $90K · 11 people listed
  • Consistency: 33 of 33 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 6 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Sustainability: Operating margin scored 41/100.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.