2025-10-28T13:20:11-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2024-01-01 561843022 FAMILY PROMISE OF WAKE COUNTY INC FAMI 9198326024 903 METHOD RD RALEIGH NC 27606 SCOTT FERRIS EXECUTIVE DIRECTOR 9198326024 2025-10-28 1 1 KATHRINE A WARLICK P02065266 7049985200 2025-10-28 2024 2025-03-06 01:10:19Z FAMILY PROMISE OF THE TRIANGLE SCOTT FERRIS 903 METHOD RD RALEIGH NC 27606 773430 0 X WWW.FAMILYPROMISEWAKE.ORG X 1993 NC ASSISSTING FAMILIES AT RISK OF OR EXPERIENCING HOMELESSNESS. 15 15 7 201 0 0 1848283 744608 11805 0 27191 19627 0 8145 1887279 772380 356139 387898 0 0 404288 488421 0 0 116432 185056 235734 945483 1112053 941796 -339673 3537791 3338805 1322563 42414 2215228 3296391 X MOVING FAMILIES AT RISK OF OR EXPERIENCING HOMELESSNESS INTO SUSTAINABLE, PERMANENT HOUSING IN OUR COMMUNITY THROUGH A CONTINUUM OF SUPPORT SERVICES. 0 0 897836 387898 9195 ANNUALLY, OUR EMERGENCY SHELTER PROGRAM PROVIDES TEMPORARY SHELTER TO ABOUT 25 FAMILIES EXPERIENCING HOMELESSNESS. WITH LOCAL CONGREGATIONS PROVIDING EVENING SHELTER AND DAILY MEALS ON A WEEKLY BASIS, FAMILY PROMISE OF WAKE COUNTY PROVIDES SUPPORTIVE SERVICES AND CASE MANAGEMENT AT THE DAY CENTER. THE DAY CENTER IS ALSO A SAFE PLACE FOR FAMILIES TO BE DURING THE DAY WHILE THEY WORK THROUGH INDIVIDUAL BARRIERS TO PERMANENT HOUSING WITH STAFF ASSISTANCE.THROUGH OUR HOMELESS PREVENTION PROGRAM, A HAND UP, WE HELPED 79 FAMILIES AVOID AN EVICTION AND SAFELY REMAIN IN THEIR HOMES. WE PARTNER(CONTINUED ON SCHEDULE O)WITH THE SCHOOL SOCIAL WORKERS TO PROVIDE COORDINATED ASSISTANCE AND CASE MANAGEMENT TO THESE FAMILIES SO THAT THEY AND ESPECIALLY THEIR CHILDREN DO NOT HAVE TO EXPERIENCE THE TRAUMA FROM AN EVICTION EVENT.ANNUALLY, OUR PERMANENT HOUSING PROGRAMS - RAPID REHOUSING & NEW LEASE ON LIFE - PLACES ABOUT 40 FAMILIES IN PERMANENT HOUSING. THIS HOUSING IS USUALLY WITHIN WAKE COUNTY AND PROVIDED AT AFFORDABLE RATES. IF NECESSARY, FAMILY PROMISE CAN PROVIDE MINIMAL FINANCIAL ASSISTANCE TO ENSURE THAT THE FAMILIES ARE ABLE TO MAINTAIN THEIR PERMANENT HOUSING PLACEMENTS. AS WITH OUR OTHER PROGRAMS, CASE MANAGEMENT SERVICES ARE ALSO PROVIDED TO ASSIST FAMILIES AS NEEDED. 0 897836 1 1 0 0 0 0 0 0 1 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 41 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X THE ORGANIZATION 9198326024 903 METHOD ROAD RALEIGH NC 27606 JAY WELLS CHAIR 2.00 X X 0 0 0 LORI CHRISTIAN VICE CHAIR 2.00 X X 0 0 0 GLORIA MITTMAN SECRETARY 2.00 X X 0 0 0 CHARLES GEORGE CO TREASURER 2.00 X X 0 0 0 ELLIE SANTOS CO TREASURER 2.00 X X 0 0 0 PASTOR ANTHONY BAILEY DIRECTOR 2.00 X 0 0 0 CAMDEN BETZ DIRECTOR 2.00 X 0 0 0 LAZARO BLACKMON DIRECTOR 2.00 X 0 0 0 JEREMY BLUM DIRECTOR 2.00 X 0 0 0 CRYSTAL BODIE-SMITH DIRECTOR 2.00 X 0 0 0 EDWIN BRASWELL DIRECTOR 2.00 X 0 0 0 PAUL BRUSTOFSKI DIRECTOR 2.00 X 0 0 0 AIESHA EDWARDS DIRECTOR 2.00 X 0 0 0 JANE GRAY DIRECTOR 2.00 X 0 0 0 NICK VERNA DIRECTOR 2.00 X 0 0 0 SCOTT FERRIS EXECUTIVE DIRECTOR 50.00 X 102697 0 4612 102697 0 4612 1 0 0 0 NEW HAVEN DESIGN CO 1027 OBERLIN RD RALEIGH NC 27605 LEASEHOLD IMPROVEMENTS 102985 1 2520 199049 543039 88239 744608 19627 19627 9195 0 9195 9195 9195 0 2520 1050 -1050 -1050 772380 9195 0 18577 387898 387898 107309 36485 35412 35412 299500 272570 5508 21422 5071 4109 516 446 44398 26029 9344 9025 32143 24574 3149 4420 43500 6525 36975 40000 40000 7828 5920 1379 529 44 22 11 11 4138 3984 77 77 8637 7773 432 432 61238 55114 3062 3062 17142 15764 689 689 MISCELLANEOUS EXPENSE 25895 24681 769 445 DUES & SUBSCRIPTIONS 18057 18057 REPAIRS & MAINTENANCE 9255 8331 462 462 1112053 897836 97785 116432 330922 170042 59460 61288 110137 5893 23358 1127426 467880 612400 659546 1308908 1152766 1220208 1161668 3537791 3338805 29791 32698 16029 9716 1276743 0 1322563 42414 X 2215228 2030968 1265423 2215228 3296391 3537791 3338805 -339673 38891 1249 1380696 0 X X 0 1 X 1 0 X 835409 1041693 1133247 1860088 744608 5615045 835409 1041693 1133247 1860088 744608 5615045 862886 4752159 30 54 397 27190 28822 56493 5671538 0.83790 0.81900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 91253 91253 628655 355674 272981 206070 23484 182586 73525 29095 44430 127923 59627 68296 659546 ESCROW 9716 LEASE RECEIVABLE 1144581 GIFT CARDS 6851 DEPOSITS 520 1161668 X 900661 38891 88340 127231 773430 -1050 -1050 772380 1200194 87091 1050 88141 1112053 0 1112053 PART IV, LINE 2B: UPON ENTERING FAMILY PROMISE OF WAKE COUNTY'S PROGRAM AND OBTAINING EMPLOYMENT, GUESTS ARE REQUIRED TO SAVE 75% OF THEIR INCOME AFTER EXPENSES. THE SAVINGS ARE MAINTAINED EITHER IN THE GUESTS' PERSONAL BANK ACCOUNT OR IN AN ORGANIZATION ACCOUNT MAINTAINED FOR GUEST FUNDS ONLY. FUNDS ARE HELD ON BEHALF OF GUESTS OF THE TEMPORARY HOUSING FACILITY. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS NOT A PRIVATE FOUNDATION. ACCORDINGLY, NO INCOME TAXES HAVE BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY GAAP ON ACCOUNTING FOR THE UNCERTAINTY OF INCOME TAXES. MANAGEMENT BELIEVES THE ORGANIZATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ENTITY AS OF DECEMBER 31, 2024. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE ORGANIZATION HAD NO UNCERTAIN INCOME TAX POSITIONS AS OF DECEMBER 31, 2024. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE -1,050. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 1,050. 0 RENTAL PROGRAM EXPENSES AND FINANCIAL ASSISTANCE 252 315227 GUEST FOOD 5110 72671 FMV MEALS SERVIED IN SHELTERS X 7945 FMV X 1 5400 FMV X 716 74171 FMV X 128 723 FMV 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY BOARD TREASURER AND EXECUTIVE DIRECTOR. THEN, IT WILL BE PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C NEW BOARD MEMBERS REVIEW AND SIGN THE POLICY AS THEY JOIN THE BOARD. THE POLICY IS THEN REVIEWED ANNUALLY BY BOARD MEMBERS. IT IS THE BOARD MEMBERS' RESPONSIBILITY TO ALERT THE FULL BOARD OF ANY SITUATION WHICH COULD CREATE A POTENTIAL CONFLICT OF INTEREST. THE BOARD WOULD THEN TAKE APPROPRIATE ACTION. FORM 990, PART VI, SECTION B, LINE 15A THE PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS CONDUCTS A PERFORMANCE REVIEW WITH THE EXECUTIVE DIRECTOR AFTER SIX MONTHS AND TWELVE MONTHS OF EMPLOYMENT AND ANNUALLY THEREAFTER. SALARY RECOMMENDATION IS DETERMINED BY THE COMMITTEE BASED ON INFORMATION IN THE GEOGRAPHICAL AREA, EMPLOYMENT MARKET CONDITIONS, AND JOB PERFORMANCE REVIEW. THE PERSONNEL COMMITTEE'S RECOMMENDATION IS PRESENTED TO THE BOARD FOR APPROVAL. THIS PROCESS WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION IS NOT REQUIRED TO PROVIDE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE PUBLIC; HOWEVER, THESE DOCUMENTS ARE PROVIDED TO CERTAIN GRANTORS/DONORS AS REQUESTED. THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE TO OTHER INTERESTED PARTIES UPON REQUEST. THE FORM 990 IS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FOR FISCAL YEAR ENDED 12/31/24