Overview
What is Saranam Llc?
Saranam Llc, based in Albuquerque, New Mexico, is a nonprofit organization that has been serving families experiencing homelessness for over 19 years. Their mission is to empower families to overcome both homelessness and poverty through housing, education, and supportive communities. Saranam's innovative two-generational approach involves simultaneously providing services to both parents and children, which has shown effectiveness in breaking the cycle of poverty based on anti-poverty research. In 2022, Saranam welcomed 11 new families and successfully exited 7 families into permanent, safe, and stable living situations. They also conducted a successful spring fundraising campaign, expanded their programming to an in-person format, and increased their alumni activities. The organization's comprehensive approach to ending family homelessness and poverty includes housing, education, and community building, resulting in a 77% success rate of families exiting the program able to sustain their new circumstances independently.
Official website here: www.saranamabq.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Stars)
Saranam LLC has achieved a commendable Four-Star rating from Charity Navigator, indicating a strong performance in accountability and financial management. With an impressive Accountability & Finance score of 100, the organization demonstrates a solid foundation in transparency, evidenced by having an entirely independent board and a robust audit and oversight committee. Their financial health is also notable, with a low liabilities to assets ratio and high program expense ratio, suggesting that they effectively allocate funds toward their mission.
While the organization excels in accountability, it scores a 75 in the Culture & Community category, reflecting some areas for improvement in this aspect. The equity strategies score is also 75 out of 100, indicating that while Saranam LLC is committed to inclusivity and community engagement, there is potential for further enhancement of their approaches in these areas.
Overall, Saranam LLC showcases strong fiscal responsibility and governance, making it a trustworthy option for potential donors. However, attention to cultural and community-building initiatives could further elevate their impact and strengthen community trust.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Saranam Llc?
90% of reviewers on Facebook recommend Saranam LLC. Here is a summary of their reviews:
Many individuals commend Saranam for its impactful programs and the dedicated staff that contribute to its success. One user expressed heartfelt gratitude, stating that the organization has played a crucial role in their life journey, highlighting its effectiveness in making a positive difference.
Overall, the sentiment toward Saranam is overwhelmingly positive, with reviewers celebrating both the services offered and the supportive community within the organization. It appears that Saranam truly resonates with those it serves, generating appreciation and trust among participants.
This AI summary has been generated from reviews found on Facebook.
Is Saranam Llc legitimate?
Saranam Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saranam Llc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $119,683
Professional Fundraising Fees: $0
Other Salaries and Wages: $478,730
For more financial information, click here
Official website here: www.saranamabq.org
What is the mission statement of Saranam Llc?
Saranam Llc's mission is centered around transforming the lives of homeless families. Their objective is to empower these families to end their homelessness and poverty through a two-generational strategy. This approach involves providing housing, education, and supportive communities for both parents and children simultaneously. Saranam has demonstrated success, with 77% of families exiting their program into permanent, stable living situations since 2004. The organization's strategy has shown effectiveness in helping families support themselves, including paying for housing, utilities, and other necessities. Saranam's approach is backed by research, which highlights the effectiveness of making both parents and children change agents in overcoming poverty.
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Official website here: www.saranamabq.org
Who is the CEO of Saranam Llc?
Tracy Weaver is the Chair of Saranam Llc.
Official website here: www.saranamabq.org
What is the revenue of Saranam Llc?
Saranam Llc's revenue in 2022 was $2,661,620.
Official website here: www.saranamabq.org
Who are the executives of Saranam Llc and what are their salaries?
The average compensation at Saranam Llc during 2022 was $39,894. There are 15 employees and 647 volunteers at Saranam Llc.
Here are 16 key members and their salaries:
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Official website here: www.saranamabq.org
Where can I find the form 990 for Saranam Llc?
Saranam Llc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.saranamabq.org
Learn more at the official website: www.saranamabq.org
Mission Statement of Saranam Llc
Saranam Llc, a nonprofit organization, is dedicated to transforming the lives of homeless families. Their mission is twofold: to empower families to end their homelessness and poverty and to help them achieve self-sufficiency. They achieve this through a comprehensive approach that combines housing, education, and supportive communities. Saranam's strategy is a two-generational approach, where both parents and children receive services simultaneously. This holistic approach is supported by research showing the effectiveness of making both parents and children change agents in overcoming poverty.
Saranam's approach to ending poverty and homelessness is innovative and has proven successful. Over the past 19 years, they have provided safe housing, life skills instruction, and a supportive community to over 160 families, including 184 adults and 346 children. The organization has a 77% success rate, with families exiting the program able to support themselves, including paying for housing, utilities, and other necessities, on their own income. Saranam's life skills ensure that families are able to maintain and sustain these outcomes. The nonprofit continues to support families even after they exit the program, with an incredible 76% of exited families remaining stable after a year.
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Impact
August, 2024
Saranam Llc's impact is significant and far-reaching. Through their innovative two-generational strategy, they have successfully empowered homeless families in Albuquerque to end their homelessness and poverty. With a strong focus on providing safe housing, practical life skills instruction, and a supportive community, Saranam has enabled 77% of families to transition into permanent, safe, and stable living situations.
Moreover, Saranam's commitment to education and community-building has not only facilitated employment opportunities for adults but also supported children in their educational pursuits. By offering services that benefit both parents and children simultaneously, Saranam has fostered a culture of self-sufficiency and empowerment within the families they serve.
In addition to their direct impact on families, Saranam's efforts have yielded positive economic benefits for the community. A cost analysis study conducted by UNM's School of Public Administration found that Saranam's annual cost of serving a whole family is significantly lower than the estimated annual cost of a family experiencing homelessness to the city of Albuquerque and affiliated organizations. This demonstrates the tangible savings and value that Saranam brings to the community through their work.
Overall, Saranam Llc's commitment to transforming the lives of homeless families through housing, education, and supportive communities is clear in their impressive outcomes and the lasting impact they have on both individuals and the community as a whole.
This information is meant to be a general summary of Saranam Llc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $171
- Gross Receipts: $2,661,620
Assets and Liabilities:
- Total Assets: $8,474,638
- Total Liabilities: $796,163
- Net Assets: $7,678,475
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Organization Details
Founding Year
2004
Phone
(505) 299-6154Principal Officer
Tracy Weaver
Main Address
1028 EUBANK BLVD NE SUITE F, ALBUQUERQUE, NM, 87112
Website
www.saranamabq.orgNTEE Category
Code: L40 - Housing
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