Overview
What is The Fam?
The Fam is a nonprofit organization based in St. Louis, Missouri, with a mission to provide subsidized home ownership for individuals who have been negatively impacted by the historical practice of race-based housing discrimination. Their primary focus is on supporting St. Louis residents, offering them an opportunity to own a home despite facing discriminatory housing practices in the past. The organization's activities are centered around this goal, aiming to make homeownership more accessible for those affected by racial discrimination in housing.
Official website here: www.thefamstl.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star Rating.
The Fam has earned a Three-Star rating, reflecting a solid commitment to accountability and finance. The organization boasts a fully independent board, which is a significant strength, with 100% of its board members being independent. Additionally, they demonstrate strong operational practices, including a high program expense ratio of 99.19%, indicating that nearly all funds are directed toward their programs.
However, there are areas for improvement. The organization lacks a whistleblower policy and a document retention and destruction policy, both of which are important for ensuring transparency and governance. Furthermore, while their liabilities to assets ratio is relatively healthy at 61.23%, it suggests some financial leverage that could be monitored more closely. Overall, The Fam shows promise in its operations but could enhance its governance policies for greater accountability.
This AI summary has been generated from information found on Charity Navigator.
Is The Fam legitimate?
The Fam is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Fam 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:
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For more financial information, click here
Official website here: www.thefamstl.com
What is the mission statement of The Fam?
The organization known as The Fam has a mission to provide subsidized home ownership opportunities for individuals who have been negatively impacted by the historical practice of race-based housing discrimination. By offering this service, The Fam seeks to address the consequences of a discriminatory past and contribute to a more equitable housing market. The organization's primary goal is to assist individuals in securing home ownership, thereby promoting stability and independence in their lives. The Fam's activities are centered around this mission, aiming to make home ownership more accessible and equitable for those who have been disadvantaged due to racial discrimination in housing.
Official website here: www.thefamstl.com
Who is the CEO of The Fam?
John Kiehl is the Board Director - President of The Fam.
Official website here: www.thefamstl.com
What is the revenue of The Fam?
The Fam's revenue in 2023 was $483,181.
Official website here: www.thefamstl.com
Who are the executives of The Fam and what are their salaries?
There 10 volunteers at The Fam.
Here are 6 key members and their salaries:
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Official website here: www.thefamstl.com
Where can I find the form 990 for The Fam?
The Fam's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thefamstl.com
Learn more at the official website: www.thefamstl.com
Mission Statement of The Fam
The organization known as The Fam is committed to providing subsidized home ownership for individuals in St. Louis who have been adversely affected by the historical practice of race-based housing discrimination. This mission is centered around addressing the negative impact that discriminatory housing policies have had on certain individuals, offering them an opportunity to own a home on more affordable terms. By doing so, The Fam seeks to contribute to the broader goal of promoting social equity and fair housing practices.
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Impact
July, 2024
The Fam's impact is evident in their provision of subsidized homeownership opportunities for individuals in St. Louis who have been negatively impacted by the historical practice of race-based housing discrimination. Through this initiative, The Fam is working to address the systemic inequalities in housing access and ownership, empowering individuals to gain stability and equity in their living situations. By focusing on those who have historically been marginalized in the housing market, The Fam is contributing to the creation of a more just and inclusive community in St. Louis.
This information is meant to be a general summary of The Fam. 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 2023.
- Investment Income: $766
- Gross Receipts: $483,181
Assets and Liabilities:
- Total Assets: $352,518
- Total Liabilities: $215,851
- Net Assets: $136,667
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Organization Details
Founding Year
2020
Phone
(314) 374-5990Principal Officer
John Kiehl
Main Address
6358 DELMAR BLVD, ST LOUIS, MO, 63130
Website
www.thefamstl.comNTEE Category
Code: L80 - Housing
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