Family Promise of Midland Texas Inc
Nonprofit profile at a glance
- EIN
- 271003573
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024, Form 990-EZ 2012, Form 990-N 2009
- Location
- Midland, TX, USA
- Phone
- 4325285521
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Temporary Housing
- Affiliation
- Interfaith
Reported finances
- Revenue
- $866,689
- Expenses
- $1,180,770
- Assets
- $7,525,980
- Liabilities
- $104,017
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- BETH BRADFORD (President)
- KIRBY CASTILLE (Vice President)
Highest reported compensation
- THOMAS MILLER (Executive Dir.): $76,427 total reported compensation
- KRYSTLE VODRON (Executive Dir.): $57,445 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 midland is to "end homelessness, one family at a time."
What it reported doing in 2024
Midland interfaith hospitality network (mihn) - the mihn is a partnership of congregations/companies/volunteer groups within the community helping families who are facing homelessness. The mihn uses existing community resources to provide comprehensive services to families experiencing homelessness. This unuque community response offers an opportunity for volunteers to be on the front line of midland's effort to reduce homelessness while transforming the lives of families in need. Family promise's mihn program may serve up to 4 families at a time. While in the program, the adults are required to work full-time, go to school full-time, or a combination thereof. Families work with a case manager on short-term objectives, obtaining long-term goals. All families have credit reports run and then begin the tasks of increasing their credit scores, while reducing debt. In addition, all families are required to save 80% of their earned income in their own bank accounts. Parents are also required to attend monthly trainings, including financial literacy training. The families in the mihn reside in duplex #2 at 2908 w. Ohio ave., midland, tx, which is derectly behind family promise of midland's day center/offices. Each 3 bedroom/2 bath unit is shared by two families. We served a toal of 68 individuals during 2024.
Operating model
- Revenue model
- Donor-supported. 84% 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
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 some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 84.4%; rating input score 84
- Fundraising efficiency: $45.14 raised per $1 spent on fundraising; rating input score 76; 76th 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: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -36.2%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 6.37; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 11.3%; rating input score 32; 32nd percentile among comparable filings
Growth
- Program expense growth: 15.4% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: 10.6% per year; rating input score 100; 68th percentile among comparable filings
- Asset growth: 22.2% per year; rating input score 100; 84th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 84.4% of spending went to programs
- Governance: 10 of 10 board members independent · 7 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $996K in reported program spending
- Leadership: top reported pay $76K · 12 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 11 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 5/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Moderate — Sustainability: Officer compensation ratio scored 32/100.