Family Promise of Mid Michigan

Nonprofit profile at a glance

EIN
364747380
IRS 990-EZ coverage
2019–2023
Forms available
Form 990 2022, Form 990-EZ 2023, Form 990-N 2012
Location
Flint, MI, USA
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Homeless Centers

Official website

Reported finances

Revenue
$193,987
Expenses
$193,987
Assets
$28,049

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • Tiffani M Wharry (Executive Director)
  • Anne Figueroa (President)
  • Dave Rayner (Vice President)

People named in this filing

  • Tiffani M Wharry (Executive Director)
  • Anne Figueroa (President)
  • Dave Rayner (Vice President)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We are a Housing Crisis center that provides shelter diversion stabilization and housing loss prevention services to families throughout Genesee and Lapeer County. Our mission is to end homelessness one family at a time. We continue to service family units dictated by the child to create life long educational support self sufficiency and fight family generational poverty.

What it reported doing in 2023

Transitional Housing Programming is a shelter program where houses are rented below fair market value allowing families the opportunity to save money and buy homes of their own or provide shelter until they are able to find jobs and rent a home of their own. This program has helped 4 families and 9 children. It provides long term stability to families and provides educational and housing readiness services to all adults. This includes case management groceries and housing costs.

Operating model

Revenue model
Donor-supported. 92% 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

SUPPORTED - 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: 52
  • Transparency & Controls: 100
  • Sustainability: 23
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 52.1%; rating input score 52
  • Program expense ratio: 52.1%; rating input score 52

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 0%; rating input score 34; 34th percentile among comparable filings
  • Total-asset coverage ratio: 0.14; rating input score 14; 14th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: -0.6% per year; rating input score 0; 29th percentile among comparable filings
  • Revenue growth: 7.9% per year; rating input score 100; 60th percentile among comparable filings
  • Asset growth: -3.7% per year; rating input score 0; 18th percentile among comparable filings

Details

  • Where the money goes: 52.1% of revenue deployed · 52.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $101K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2019 to 2023
  • Contacts: How to reach this organization
  • Money network: 2 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.

  • Review — Financial Efficiency: Mission deployment rate scored 52/100.
  • Review — Financial Efficiency: Program expense ratio scored 52/100.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 34/100.
  • High — Sustainability: Total-asset coverage ratio scored 14/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 26/100.