The Promises Foundation Attn Bryan Moeller Chairman

What it reported doing in 2024

Miriam's house is a transitional sober living program that offers comprehensive social services to low income mothers and their children. Structured around a one-year curriculum, clients move through a three-phase program with incremental expectations and responsibilities. Residency is contingent on maintaining continuous sobriety, participation in a 12-step recovery program, enrollment in a ten-week parenting class, and actively striving toward self-sufficiency and employment during the later phases. Residents commit to a comprehensive agenda encompassing recovery, parenting, life skills, and vocational training. Extended stays in our program are decided on a case by case basis. On a daily basis clients participate in a combination of in-house activities and services. Onsite programs offered include: weekly individual goal assessment, parenting classes, anger management and domestic violence workshops, and 12-step meetings. Miriams house collaborates with more than 15 local community organizations to provide our clients with healthcare, job skills training, and other ancillary services. Additionally, miriam's house has a long-term alumni mentor program to keep families connected to the organization. In 2024, miriams house was able to serve a total of 16 women and 21 children. Miriams house provided sober housing to each family with comprehensive social services. Each resident had a case manager that helped connect them with public and private resources for education, work readiness, healthcare, childcare, and therapy. In 2024, miriams house took the responsibility of overseeing 10 families undergoing the process of reunification. 90% of these families were successfully reunified. In 2024, 100% of the women residing at miriams house received scholarships, opening doors to further acquire education and skills.

Financial Efficiency

• Mission deployment rate: 62%; rating input score 62
• Program expense ratio: 80.9%; rating input score 81
• Fundraising efficiency: $6.84 raised per $1 spent on fundraising; rating input score 26; 26th 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: 0%; rating input score 0; 5th 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: 23.3%; rating input score 79; 79th percentile among comparable filings
• Total-asset coverage ratio: 3.02; rating input score 75; 75th percentile among comparable filings
• Liabilities to assets ratio: 0.48; rating input score 17; 17th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

• Program expense growth: 3.6% per year; rating input score 100; 35th percentile among comparable filings
• Revenue growth: 8.4% per year; rating input score 100; 61st percentile among comparable filings
• Asset growth: 1.9% per year; rating input score 100; 25th percentile among comparable filings