Nonprofit · EIN 56-1843022
FAMILY PROMISE OF WAKE COUNTY INC
Tax-exempt · RALEIGH, NC 27606
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $772,380 | $1,112,053 | -$339,673 | $3,338,805 | $42,414 | $3,296,391 |
| December 31, 2023 | 990 | $1,887,279 | $945,483 | $941,796 | $3,537,791 | $1,322,563 | $2,215,228 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $744,608
- of which government grants
- $199,049
- Program service revenue
- $0
- Investment income
- $19,627
- Net rental income
- $9,195
- Net income from fundraising events
- -$1,050
- Other revenue
- $8,145
Expenses
- Grants and similar amounts paid
- $387,898
- Compensation of officers, directors and key employees
- $107,309
- Other salaries and wages
- $299,500
- Salaries, compensation and benefits (total)
- $488,421
- Professional fundraising fees
- $0
- Accounting fees
- $43,500
- Travel
- $4,138
- Depreciation
- $61,238
- Program services (functional)
- $897,836
- Management and general (functional)
- $97,785
- Fundraising (functional)
- $116,432
Balance sheet and other
- Total assets, start of year
- $3,537,791
- Total assets, end of year
- $3,338,805
- Total liabilities, end of year
- $42,414
- Net assets, end of year
- $3,296,391
- Land, buildings and equipment
- $659,546
- Publicly traded securities
- $1,152,766
- Net assets without donor restrictions
- $2,030,968
- Net assets with donor restrictions
- $1,265,423
- Gross receipts
- $773,430
- Employees
- 7
- Volunteers
- 201
- Year formed
- 1993
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SCOTT FERRIS | EXECUTIVE DIRECTOR Officer | 50 | $102,697 | $4,612 |
| JAY WELLS | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| LORI CHRISTIAN | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| GLORIA MITTMAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| CHARLES GEORGE | CO TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| ELLIE SANTOS | CO TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| PASTOR ANTHONY BAILEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CAMDEN BETZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LAZARO BLACKMON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JEREMY BLUM | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CRYSTAL BODIE-SMITH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| EDWIN BRASWELL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PAUL BRUSTOFSKI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| AIESHA EDWARDS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JANE GRAY | DIRECTOR Trustee or director | 2 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICK VERNA | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SCOTT FERRIS | EXECUTIVE DIRECTOR Officer | 50 | $95,015 | $3,124 |
| LORI CHRISTIAN | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| PASTOR ANTHONY BAILEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAY WELLS | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CRYSTAL BODIE-SMITH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| NICK VERNA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| EDWIN BRASWELL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GLORIA MITTMAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| CAMDEN BETZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LAZARO BLACKMON | DIRECTOR Trustee or director | 3 | $0 | $0 |
| JANE GRAY | DIRECTOR Trustee or director | 5 | $0 | $0 |
| CHARLES GEORGE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| SAMUEL TAYLOR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ELLIE SANTOS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DEBBIE ALLEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 903 METHOD RD, RALEIGH, NC 27606-1922
- In care of
- % NICK BORNHOFTTREASURER
- Principal officer (990 for 2024)
- SCOTT FERRIS, 903 METHOD RD, RALEIGH, NC 27606
- Signed the 990
- SCOTT FERRIS, EXECUTIVE DIRECTOR
- Phone
- (919) 832-6024
- Website
- WWW.FAMILYPROMISEWAKE.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
MOVING FAMILIES AT RISK OF OR EXPERIENCING HOMELESSNESS INTO SUSTAINABLE, PERMANENT HOUSING IN OUR COMMUNITY THROUGH A CONTINUUM OF SUPPORT SERVICES.
Program accomplishments
- 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.Expenses $897,836 · grants $387,898 · revenue $9,195
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1843022
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L23Z)
- Assets (IRS master file)
- $3,338,805
- Income (IRS master file)
- $773,430
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $772,380 | $1,112,053 | $3,338,805 | XML |
| 990 | December 2023 | $1,887,279 | $945,483 | $3,537,791 | XML |
| 990 | December 2022 | $1,158,778 | $981,941 | $2,631,665 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1843022).
Questions about FAMILY PROMISE OF WAKE COUNTY INC
- What is the EIN of FAMILY PROMISE OF WAKE COUNTY INC?
- The employer identification number (EIN) of FAMILY PROMISE OF WAKE COUNTY INC is 56-1843022.
- Is FAMILY PROMISE OF WAKE COUNTY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to FAMILY PROMISE OF WAKE COUNTY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FAMILY PROMISE OF WAKE COUNTY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FAMILY PROMISE OF WAKE COUNTY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FAMILY PROMISE OF WAKE COUNTY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FAMILY PROMISE OF WAKE COUNTY INC?
- The 990 for the year ended December 31, 2024 names SCOTT FERRIS.
- Who are the officers and directors of FAMILY PROMISE OF WAKE COUNTY INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 1 received compensation from the organization, the highest $102,697 (SCOTT FERRIS, EXECUTIVE DIRECTOR).
- How much revenue does FAMILY PROMISE OF WAKE COUNTY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $772,380, expenses of $1,112,053 and total assets of $3,338,805 at year end.
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