Overview
What is Family Promise Of Skagit Valley?
Family Promise of Skagit Valley is a dedicated nonprofit organization situated in Sedro-Woolley, Washington. Their primary mission is to offer support and shelter to homeless families within the Skagit Valley area. Over the past year, they successfully established and strengthened their shelter diversion program, preventing 83 families from becoming homeless and providing permanent housing to 9 families. In addition, they improved their facility by upgrading the hot water heater and shelter plumbing, and began the process of renovating the shelter with new paint, floors, and cabinetry. To expand their capacity further, they introduced a seasonal shelter program that can accommodate up to 25 individuals during the winter months. With a workforce of 20 individuals, Family Promise of Skagit Valley remains committed to improving the living conditions and fostering stability for homeless families within their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Star rating)
Family Promise of Skagit Valley has received a Two-Star rating from Charity Navigator, reflecting a score of 66%. While the organization demonstrates strong governance with a fully independent board and a well-audited financial statement, its overall accountability and financial management could benefit from improvement, as indicated by its program expense ratio of 57.48%.
The nonprofit shows commendable transparency in its operations, with documentation of board meeting minutes and a notably low liabilities to assets ratio of 2.72%. These factors contribute positively to its accountability score, highlighting a responsible approach to managing its resources. However, the program expense ratio suggests that a larger portion of its budget may not be allocated directly to programs, which could raise concerns about the effectiveness of its funding distribution.
Overall, while Family Promise of Skagit Valley displays strong governance and financial oversight, the need for improved efficiency in program expenditure could impact its long-term sustainability and mission effectiveness. Continued attention to enhancing program impact may help elevate its rating and community trust in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Family Promise Of Skagit Valley legitimate?
Family Promise Of Skagit Valley is a legitimate nonprofit organization registered as a 501(c)(3) entity. Family Promise Of Skagit Valley 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $323,197
For more financial information, click here
What is the mission statement of Family Promise Of Skagit Valley?
Family Promise of Skagit Valley's mission is focused on providing care and shelter for homeless families. They have successfully implemented a new shelter diversion program and prevented 83 families from falling into homelessness through their prevention and diversion programs. The organization has also permanently housed nine families during a particularly challenging housing year. To improve their facilities, they upgraded the hot water heater and plumbing at Promise House, and started a fundraising process to upgrade the shelter with new paint, floors, and cabinets. Additionally, Family Promise of Skagit Valley introduced a seasonal shelter program that can provide accommodation for up to 25 individuals during the winter months.
Who is the CEO of Family Promise Of Skagit Valley?
Debbie Riegel is the Principal Officer of Family Promise Of Skagit Valley.
What is the revenue of Family Promise Of Skagit Valley?
Family Promise Of Skagit Valley's revenue in 2022 was $585,463.
Who are the executives of Family Promise Of Skagit Valley and what are their salaries?
The average compensation at Family Promise Of Skagit Valley during 2022 was $16,160. There are 20 employees and 250 volunteers at Family Promise Of Skagit Valley.
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- Compensation: $75,470
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Where can I find the form 990 for Family Promise Of Skagit Valley?
Family Promise Of Skagit Valley's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Family Promise Of Skagit Valley
Family Promise of Skagit Valley is a dedicated organization that works tirelessly to provide care and shelter for homeless families in the Skagit Valley area. Their mission is crystal clear: to offer a sanctuary and essential support services to families who are currently without a permanent home. By establishing and implementing prevention and shelter diversion programs, Family Promise of Skagit Valley has managed to prevent 83 families from becoming homeless. Moreover, they have successfully housed 9 families through their housing program, even amidst one of the most challenging housing years the organization has experienced since its inception.
Furthermore, Family Promise of Skagit Valley has taken proactive steps to improve the living conditions of its residents. This includes upgrading the hot water heater and shelter plumbing at Promise House, and raising funds to begin the process of upgrading the shelter with new paint, floors, and cabinetries. Additionally, the organization has introduced a new seasonal shelter program that can assist up to 25 individuals during the winter months. By providing these essential services, Family Promise of Skagit Valley is playing a crucial role in helping families in need regain their footing and start their journey towards a brighter future.
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Impact
July, 2024
Family Promise Of Skagit Valley has had a significant impact in the community by providing care and shelter for homeless families in Skagit Valley. They have stabilized their new shelter diversion program, prevented 83 families from becoming homeless through prevention and shelter diversion programs, and permanently housed 9 families during a challenging housing year. Additionally, they have made improvements to their shelter facilities, such as upgrading the hot water heater and plumbing, and have begun fundraising efforts to further enhance their shelter with new paint, floors, and cabinetry. The organization has also introduced a new seasonal shelter program that can accommodate up to an additional 25 individuals during the winter months. Their dedication to supporting homeless families in the area is commendable and has made a tangible difference in the lives of those they serve.
This information is meant to be a general summary of Family Promise Of Skagit Valley. 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: -$19
- Program Service Revenue: $91,568
- Gross Receipts: $591,507
Assets and Liabilities:
- Total Assets: $333,449
- Total Liabilities: $9,100
- Net Assets: $324,349
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITIES INCOME
Revenue
$91,568
Organization Details
Founding Year
2014
Phone
(360) 428-3550Principal Officer
Debbie Riegel
Main Address
PO BOX 335, SEDRO WOOLLEY, WA, 98284
NTEE Category
Code: P20 - Human services
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