Overview
What is Family Promise Of Midland Texas Inc?
Family Promise of Midland Texas Inc is a dedicated nonprofit organization, situated in Midland, Texas. Their primary mission is to combat homelessness, aiming to "end homelessness, one family at a time." They operate through two distinct programs: Families Forward Transitional Housing (FF) and Midland Interfaith Hospitality Network (MIHN). Families Forward Transitional Housing (FF) provides housing for families in need, offering eight duplexes with fifteen three-bedroom units and one two-bedroom unit. Families reside in these units for up to two years while they work on reducing debt, increasing savings, and improving employability for long-term success. Families are required to pay a monthly program fee, attend parent trainings, and save 20% of their earned income. This program served 19 families and 68 individuals in 2022, with two families graduating and transitioning to purchased or rented housing. Midland Interfaith Hospitality Network (MIHN) is a community partnership that offers comprehensive services to families experiencing homelessness. The MIHN program can accommodate up to four families at a time, providing an opportunity for volunteers to assist in reducing homelessness while transforming the lives of families in need. Family Promise of Midland's employees collaborate to help families achieve self-sufficiency, guiding them towards long-term goals and improving their financial stability. The organization served a total of 68 individuals in 2022, demonstrating their commitment to supporting families in need.
Official website here: www.familypromisemidlandtx.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star Rating
Family Promise of Midland Texas Inc. has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The charity scored 100% on all evaluated aspects within this category, indicating a high level of transparency and effective financial management. The organization has an entirely independent board of directors, which enhances its governance and decision-making processes.
The charity's financial health is characterized by a low liabilities-to-assets ratio of 0.78%, demonstrating a robust fiscal position. Additionally, a significant portion of its expenses, 86.43%, is devoted to its programs, signifying a strong focus on fulfilling its mission rather than on administrative costs. The comprehensive presence of essential policies, including conflict of interest and whistleblower policies, further underscores its governance integrity.
While the data highlights commendable strengths, it does not provide insights into the organization's operational challenges or specific program outcomes. Nonetheless, the overall financial and operational transparency exhibited by Family Promise of Midland Texas Inc. positions it as a trustworthy nonprofit dedicated to serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Family Promise Of Midland Texas Inc legitimate?
Family Promise Of Midland Texas Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Family Promise Of Midland Texas Inc 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: $83,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $200,538
For more financial information, click here
Official website here: www.familypromisemidlandtx.org
What is the mission statement of Family Promise Of Midland Texas Inc?
The mission of Family Promise of Midland is centered around ending homelessness for families on an individual basis. This organization aims to provide comprehensive services to families experiencing homelessness, leveraging the community's resources. Through a unique partnership of congregations, companies, and volunteer groups, they offer short-term objectives and assistance in achieving long-term goals. Families are required to work full-time, go to school full-time, or a combination of both while in the program. They work with case managers and focus on improving credit scores, reducing debt, and saving a significant portion of their earnings. The ultimate goal is to empower families to gain long-term financial stability and secure permanent housing.
Official website here: www.familypromisemidlandtx.org
Who is the CEO of Family Promise Of Midland Texas Inc?
Thomas Miller is the Executive Dir. of Family Promise Of Midland Texas Inc.
Official website here: www.familypromisemidlandtx.org
What is the revenue of Family Promise Of Midland Texas Inc?
Family Promise Of Midland Texas Inc's revenue in 2022 was $814,626.
Official website here: www.familypromisemidlandtx.org
Who are the executives of Family Promise Of Midland Texas Inc and what are their salaries?
The average compensation at Family Promise Of Midland Texas Inc during 2022 was $40,541. There are 7 employees and 120 volunteers at Family Promise Of Midland Texas Inc.
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Official website here: www.familypromisemidlandtx.org
Where can I find the form 990 for Family Promise Of Midland Texas Inc?
Family Promise Of Midland Texas Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.familypromisemidlandtx.org
Learn more at the official website: www.familypromisemidlandtx.org
Mission Statement of Family Promise Of Midland Texas Inc
Family Promise of Midland, a nonprofit organization, is dedicated to ending homelessness for families on a case-by-case basis. Their mission is to provide comprehensive services, leveraging community resources, to assist families experiencing homelessness. Through this collaborative effort, Family Promise of Midland aims to empower families to regain stability, secure employment, and ultimately, transition out of homelessness. Their programs require adults to work, attend school full-time, or a combination of both, while working closely with a case manager towards short-term objectives and long-term goals. Families in the program also focus on improving their credit scores and reducing debt, and are encouraged to save a significant portion of their earned income. The organization's mission reflects its commitment to helping families rebuild their lives and break the cycle of homelessness.
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Impact
October, 2024
Family Promise of Midland, Texas, has made a significant impact on the lives of families facing homelessness in the community. Through the Midland Interfaith Hospitality Network (MIHN) and the Families Forward Transitional Housing (FF) program, it provides a structured path to stability and self-sufficiency.
The MIHN program offers immediate support to families, serving up to four families at a time, which translates to approximately 14 individuals. Families engage in intensive case management focused on short-term objectives and long-term goals, learning to improve their credit scores and reduce debt. A crucial requirement is saving 80% of their income, fostering financial responsibility and preparing them for a sustainable future.
In addition to emergency support, the Families Forward program offers transitional housing in a community setting. Families can live in well-maintained duplexes for up to two years while participating in mandatory workshops and trainings aimed at boosting their employability and reducing debt. Throughout 2022, the program successfully served 19 families, resulting in two families graduating to independent housing.
The holistic approach empowers parents, nurtures children, and incorporates community involvement, creating a supportive network that not only addresses immediate needs but also contributes to long-term family stability. This commitment to ending homelessness one family at a time translates into a tangible reduction in homelessness in Midland, transforming lives and strengthening the community as a whole.
This information is meant to be a general summary of Family Promise Of Midland Texas Inc. 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: $2,859
- Program Service Revenue: $53,204
- Gross Receipts: $828,309
Assets and Liabilities:
- Total Assets: $7,930,152
- Total Liabilities: $62,135
- Net Assets: $7,868,017
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$53,204
Organization Details
Founding Year
2009
Phone
(432) 528-5521Principal Officer
Thomas Miller
Main Address
2908 W OHIO AVE, MIDLAND, TX, 79701
NTEE Category
Code: L40 - Housing
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