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Family Promise Of The South Bay

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 452812002 ✦ Torrance, CA ✦ Designated as a 501(c)(3)

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Overview

What is Family Promise Of The South Bay?

Family Promise of the South Bay is a dedicated nonprofit organization based in Torrance, California, specifically at 2930 El Dorado Street, CA 90503. Their primary objective is to aid families experiencing housing insecurity. They offer short-term shelter as a temporary solution, providing families with their own rooms equipped with necessary amenities such as laundry facilities, kitchens, showers, and outdoor play areas for children. With the help of volunteers, they prepare meals and share their hospitality, ensuring a community-based approach to addressing family homelessness. Their mission extends beyond shelter, providing case management and navigation services to help families establish a sustainable living solution. Overall, Family Promise of the South Bay works tirelessly to support families in need, striving to alleviate housing insecurity and promote stability.


Official website here: www.familypromiseosb.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 83%, Three-Star out of Four Star rating.

Family Promise Of The South Bay has received an overall score of 83%, indicating a solid performance particularly in the area of accountability and finance. The organization has achieved a perfect score in several key areas, including having a majority of independent board members and the absence of any material diversion of assets. These strengths reflect a commitment to good governance practices.

The nonprofit also excels in transparency by making important documents available on its website, such as board meeting minutes and tax forms. The program expense ratio of 74.43% suggests that a significant portion of its funding is directed towards its programs, which is a positive sign for donors seeking impact.

However, while the organization shows strong financial accountability, the rating is based solely on a single beacon score, which may not capture the full scope of its activities or community impact. Prospective supporters may wish to look into additional qualitative aspects of its programs and services.


This AI summary has been generated from information found on Charity Navigator.

Is Family Promise Of The South Bay legitimate?

Family Promise Of The South Bay is a legitimate nonprofit organization registered as a 501(c)(3) entity. Family Promise Of The South Bay 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: $109,157
Professional Fundraising Fees: $0
Other Salaries and Wages: $825,268

For more financial information, click here


Official website here: www.familypromiseosb.org

What is the mission statement of Family Promise Of The South Bay?

Family Promise of the South Bay assists families experiencing housing insecurity by providing short-term shelter, case management, and navigation services with the aim of creating a sustainable solution for their families. They accomplish this by utilizing community resources and volunteers, offering families access to necessities such as laundry, kitchen facilities, showers, and outdoor play areas for children. The organization's approach addresses familial homelessness in a community-based manner, with volunteers preparing meals and sharing hospitality. The ultimate goal is to help these families stabilize their living situations and achieve long-term security.


Official website here: www.familypromiseosb.org

Who is the CEO of Family Promise Of The South Bay?

Lori Eastman is the Executive Director of Family Promise Of The South Bay.


Official website here: www.familypromiseosb.org

What is the revenue of Family Promise Of The South Bay?

Family Promise Of The South Bay's revenue in 2022 was $1,767,462.


Official website here: www.familypromiseosb.org

Who are the executives of Family Promise Of The South Bay and what are their salaries?

The average compensation at Family Promise Of The South Bay during 2022 was $25,255. There are 37 employees and 320 volunteers at Family Promise Of The South Bay.


Here are 8 key members and their salaries:


Lori Eastman (Executive Director)
  • Compensation: $109,158
  • Related: $0
  • Other: $7,408
Ted Oden (Board President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynn Fadale (Board Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Johnson (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Hanzel (Board Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynne Hook (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Anaya (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerry Jacoby (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.familypromiseosb.org

Where can I find the form 990 for Family Promise Of The South Bay?

Family Promise Of The South Bay's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.familypromiseosb.org

Learn more at the official website: www.familypromiseosb.org

Mission Statement of Family Promise Of The South Bay

Family Promise of the South Bay is a nonprofit organization that aims to assist families experiencing housing insecurity. Their mission is to provide short-term shelter, case management, and navigation services, with the ultimate goal of creating a sustainable solution for these families. Through long-term partnerships, they have identified spaces to serve as shelters, ensuring that families have access to necessary amenities such as laundry facilities, kitchens, showers, and outdoor play areas for children. With the help of volunteers who prepare meals and share their hospitality, Family Promise addresses family homelessness in a community-based approach.

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Impact




July, 2024

Family Promise Of The South Bay's impact can be seen in the families they assist who are experiencing housing insecurity. By providing short-term shelter, case management, and navigation services, they work towards creating sustainable solutions for these families. Through partnerships and community volunteers, they offer shelter with access to necessities and support systems. This innovative approach addresses family homelessness in a community-based manner, making a real difference in the lives of those in need.




This information is meant to be a general summary of Family Promise Of The South Bay. 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.

Revenue
$1,767,462 (2022)
Expenses
$1,717,863 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $364
  • Program Service Revenue: $3,728
  • Gross Receipts: $1,903,046

Assets and Liabilities:

  • Total Assets: $878,682
  • Total Liabilities: $355,108
  • Net Assets: $523,574

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM SERVICE FEES

Revenue

$3,728

Organization Details

Founding Year

2012

Principal Officer

Lori Eastman

Main Address

2930 EL DORADO STREET, TORRANCE, CA, 90503

NTEE Category

Code: P30 - Human services

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