For the Future Inc

Nonprofit profile at a glance

EIN
205555246
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Chatsworth, CA, USA
Phone
8186200658
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Youth Centers, Clubs

Official website

Reported finances

Revenue
$1,729,475
Expenses
$1,697,047
Assets
$976,894
Liabilities
$567,499

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

Leadership & pay

6 people listed

Executive titles in this filing

  • Salpy Boyajian MA MDR LMFT (CEO/Board Chair)

Highest reported compensation

  • Salpy Boyajian MA MDR LMFT (CEO/Board Chair): $166,458 total reported compensation

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

Overview

Mission

For the Future, Inc. is a California non-profit organization. The Organization is approved by the State of California under the Short-Term Residential Therapeutic Program (STRTP)which provides twenty-four hour non-medical care, intensive supervision to residents in a structured therapeutic based environment, mental health services, crisis intervention and targeted case management. Services are provided by Child Care Counselors and Clinical Social Workers employed by For the Future. For the Future staff are responsible for all aspects of the care and supervision of the residents entrusted to them, which includes: activities of daily living (ADL), independent living skills training, personal care, psychosocial and emotional needs and oversight. The Organization is accredited by the Commission on Accreditation of Rehabilitation Facilities (CARF) International.

What it reported doing in 2024

For the Future Group Home is a non-profit organization, which provides twenty-four hour non-medical care and supervision to residents in a structured, therapeutic based environment. Services are provided by Child Care Counselors and Clinical Social Workers employed by For the Future. For the Future staff are responsible for all aspects of the care and supervision of the residents entrusted to them, which includes: activities of daily living (ADL), independent living skills training, personal care, psychosocial and emotional needs and oversight.Located in Ventura County, For the Future has all the necessary accommodations to meet the needs of six residents. Our organizations main purpose is to assist in the rehabilitation of our residents through a therapeutic based approach. We provide a structured environment based upon both basic behavioral principles while integrating it with psychosocial counseling and exemplary treatment & care, which includes: therapy (individual, group & family), role modeling, developmental counseling, crisis counseling, re-directing, de-escalation and providing positive experiences in a supportive environment.For the Future is a placement for individuals who identify as female and are between the ages of 13 and 17. For the Future provides twenty-four awake hours of residential care in three shifts. Residents are dependents or wards of the court in six California Counties, referred and placed by Department of Children and Family Services, Probation Department or Behavioral Health. The facility is a 1600 square foot, 4 bedroom, 2 bath house located in a residential community in the City of Simi Valley. The six-bed facility is maintained at the highest level and standards expected of a family-like dwelling. Each resident shares a bedroom with one roommate. During the fiscal year 2023/2024, the Organization provided approximately 1730 days of services to eleven youth.

Operating model

Revenue model
Grant-funded. 100% of the money available for current operations came from government grants.
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 - A large share of available resources goes toward mission work and most voting board members are independent. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 66
  • Accountability: 100
  • Sustainability: 34
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85%; rating input score 85
  • Program expense ratio: 86.6%; rating input score 87
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

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

Sustainability

  • Operating margin: 1.9%; rating input score 42; 42nd percentile among comparable filings
  • Total-asset coverage ratio: 0.58; rating input score 27; 27th percentile among comparable filings
  • Liabilities to assets ratio: 0.58; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 9.8%; rating input score 37; 37th percentile among comparable filings

Growth

  • Program expense growth: 12.6% per year; rating input score 100; 70th percentile among comparable filings
  • Revenue growth: 9.7% per year; rating input score 100; 65th percentile among comparable filings
  • Asset growth: 22.3% per year; rating input score 100; 84th percentile among comparable filings

Details

  • Where the money goes: 85% of revenue deployed · 86.6% of spending went to programs
  • Governance: 5 of 5 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.5M in reported program spending
  • Leadership: top reported pay $166K · 6 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 4 filed schedules · includes executive pay
  • Filing history: 15 filing years from 2010 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.
  • 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.

  • Moderate — Sustainability: Operating margin scored 42/100.
  • High — Sustainability: Total-asset coverage ratio scored 27/100.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.
  • Moderate — Sustainability: Officer compensation ratio scored 37/100.