Family Promise of Hudson County a New Nj Nonprofit Corporation
Nonprofit profile at a glance
- EIN
- 810773421
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023
- Location
- Jersey City, NJ, USA
- Phone
- 2014481939
- Rating
- 57
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Homeless Centers
Reported finances
- Revenue
- $249,798
- Expenses
- $189,641
- Assets
- $75,747
- Liabilities
- $865
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Sister Georgette Gavioll (President)
Highest reported compensation
- Bernice Vanderpool (Managing Consultant Director): $87,850 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 Hudson County is to help homeless and low-income families achieve sustainable independence through a community-based response. Family Promises vision is to envision a nation in which every family has a home a livelihood and a chance to build a better future.
What it reported doing in 2024
Rapid Rehousing Program- Family Promise of Hudson County in collaboration with HUMI administers a Rapid-Rehousing Program funded by Hudson County. The Rapid-Rehousing serves families through federal funding from HUDHousing and Urban Development which is distributed through Hudson County. The Rapid-Rehousing component allows those who are newly homeless and about to enter the emergency shelter system to access permanent housing through quick relocation made possible by one-time short-term financial assistance brief case-management and housing relocation. In 2024 this program served over 40 families consisting of 53 children
Operating model
- Revenue model
- Donor-supported. 96% 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.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. 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: 42
- Transparency & Controls: 70
- Accountability: 59
- Sustainability: 48
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 35.6%; rating input score 36
- Program expense ratio: 46.9%; rating input score 47
- Fundraising efficiency: $18.6 raised per $1 spent on fundraising; rating input score 56; 56th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 80%; rating input score 80; 21st percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 24.1%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 0.4; rating input score 20; 20th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 44; 44th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: 6% per year; rating input score 100; 58th percentile among comparable filings
- Revenue growth: 15.4% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 19% per year; rating input score 100; 83rd percentile among comparable filings
Details
- Where the money goes: 35.6% of revenue deployed · 46.9% of spending went to programs
- Governance: 4 of 5 board members independent · 2 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $89K in reported program spending
- Leadership: top reported pay $88K · 6 people listed · 1 of 6 pay-setting controls reported
- Consistency: 41 of 42 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors and executive pay
- Filing history: 3 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 36/100.
- Moderate — Financial Efficiency: Program expense ratio scored 47/100.
- High — Accountability: Governance controls: 4 of 6 not reported.
- Review — Financial Efficiency: Fundraising efficiency scored 56/100.
- High — Sustainability: Total-asset coverage ratio scored 20/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 44/100.